OSISKO INTERSECTS HIGH GRADE IN THREE LYNX ZONES

284 g/t Au Over 3.2 Metres in Lynx

30.8 g/t Au Over 11.9 Metres in Lynx Extension

8.77 g/t Au Over 10.1 metres in Triple Lynx

(Toronto, October 21, 2019) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new drilling results from the ongoing definition and expansion drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.

The program is currently focused on infill drilling and expansion drilling at the Lynx deposit, exploration on the main mineralized zones, and deep exploration in the central areas of the mineralized intrusive system. Sixteen drills are active at Lynx and Triple Lynx, with another seven drills conducting infill and exploration drilling on other areas of the deposit.

Expansion drilling in Lynx Extension intersected 14.3 g/t Au over 5.9 metres in hole OSK-W-19-1992-W1, 200 meters down plunge from the nearest intersection, 33.4 g/t Au over 3.7 metres (see Osisko news release dated June 3, 2019) and 550 metres from the nearest resource wireframe.

Osisko President and Chief Executive Officer John Burzynski commented: “The Lynx zones have delivered outstanding results for us, especially the expansion step-outs which continue to significantly grow our zones and demonstrate good continuity. With all three zones remaining open down-plunge, we will continue both infill and expansion drilling to add ounces in all categories for the resource update.”

Significant new analytical results from 73 intercepts in 15 drill holes and 28 wedges from surface focused on Lynx infill and expansion drilling are presented below. Additionally, 20 intercepts in 14 underground drill holes focused infill drilling, including the Lynx bulk sample area, are included in the table below.

Highlights from new drilling results include: 284 g/t Au over 3.2 metres in OSK-W-18-1550; 453 g/t Au over 2.0 metres in WST-19-0202; 288 g/t Au over 2.0 metres in OSK-W-19-1949-W2; 30.8 g/t Au over 11.9 metres in OSK-W-19-1857-W6; 61.6 g/t Au over 4.1 metres in OSK-W-19-1681; 95.5 g/t Au over 2.2 metres in WST-19-0154; 49.4 g/t Au over 4.2 metres in OSK-W-19-1963-W4; 27.5 g/t Au over 7.1 metres in OSK-W-19-1963-W3; and 37.2 g/t Au over 4.7 metres in WST-19-0124. Maps showing hole locations and full analytical results are available at www.osiskomining.com.

 

Hole No. From (m) To (m) Interval (m) Au (g/t) uncut Au (g/t)         cut to 100 g/t Zone Corridor
OSK-W-19-923-W4 796.9 798.9 2.0 3.63   Lynx Lynx
  865.6 867.7 2.1 20.3   Lynx_317 Lynx
including 866.6 867.7 1.1 38.4
  942.0 944.1 2.1 23.7   Lynx_312 Lynx
including 943.1 944.1 1.0 49.6
OSK-W-19-961-W1 914.0 916.0 2.0 6.54   Lynx_331 Lynx
OSK-W-19-991-W3 1257.0 1259.0 2.0 5.34   Lynx Ext. Lynx
  1417.0 1419.6 2.6 9.00   Lynx Ext. Lynx
OSK-W-19-991-W5 1293.0 1295.0 2.0 8.82   Lynx Ext. Lynx
including 1293.4 1293.7 0.3 56.7
  1464.4 1466.5 2.1 5.77   Lynx Ext. Lynx
  1475.0 1478.0 3.0 3.42   Lynx Ext. Lynx
  1483.3 1488.0 4.7 16.8   Lynx Ext. Lynx
including 1487.1 1488.0 0.9 60.8
OSK-W-18-1550 886.3 889.5 3.2 284 57.9 Lynx_313 Lynx
including 886.3 886.8 0.5 893 100
OSK-W-18-1582 911.0 913.0 2.0 6.64   Vein Lynx
OSK-W-18-1628 754.6 758.9 4.3 9.92   Lynx Lynx
including 754.6 755.4 0.8 46.6
  925.3 928.7 3.4 21.0   Lynx 4 Lynx
including 926.9 927.5 0.6 86.0
OSK-W-18-1681 1071.0 1075.1 4.1 61.6 35.4 Lynx_338 Lynx
including 1071.7 1072.1 0.4 368 100
OSK-W-19-1169-W3 570.9 573.1 2.2 9.47   Lynx_320 Lynx
including 570.9 571.3 0.4 32.5
  616.0 618.0 2.0 7.62   Lynx HW Lynx
including 616.3 616.9 0.6 25.3
  1024.0 1031.2 7.2 22.3 18.8 Lynx_313 Lynx
including 1029.0 1029.9 0.9 136 100
  1048.3 1053.2 4.9 9.02   Lynx_313 Lynx
including 1052.0 1052.5 0.5 51.1
OSK-W-17-1272 843.7 845.7 2.0 3.80   Triple Lynx Triple Lynx
  970.5 973.7 3.2 3.44   Triple Lynx Triple Lynx
  1311.3 1314.0 2.7 6.84   Triple Lynx Triple Lynx
including 1311.3 1312.0 0.7 21.8
OSK-W-19-1272-W1 847.9 850.2 2.3 9.71   Triple Lynx Triple Lynx
OSK-W-19-1386-W7 757.5 760.0 2.5 19.3   Lynx_326 Lynx
including 758.1 758.8 0.7 64.4
  801.6 804.7 3.1 26.9   Lynx_314 Lynx
including 801.6 802.5 0.9 84.7
OSK-W-19-1386-W8 815.3 817.3 2.0 25.6   Lynx_314 Lynx
including 815.3 816.0 0.7 66.1
OSK-W-19-1386-W9 806.5 808.8 2.3 35.5 29.8 Lynx_324 Lynx
including 807.0 807.4 0.4 133 100
OSK-W-19-1414-W7 946.0 953.1 7.1 13.6   Lynx_313 Lynx
including 950.3 952.1 1.8 37.8
OSK-W-19-1419-W1 642.0 648.0 6.0 8.63   Lynx_321 Lynx
OSK-W-19-1453-W2 736.8 739.0 2.2 12.2   Lynx_324 Lynx
including 738.0 739.0 1.0 26.2
OSK-W-19-1539-W1 1079.0 1081.0 2.0 16.4   Lynx_327 Lynx
including 1080.0 1081.0 1.0 30.6
OSK-W-19-1711-W3 622.0 624.0 2.0 28.3   Lynx_312 Lynx
including 622.8 623.5 0.7 80.4
  789.5 791.5 2.0 5.71   Lynx_331 Lynx
OSK-W-19-1857-W4 1353.5 1357.1 3.6 6.33   Lynx Ext. Lynx
OSK-W-19-1857-W6 1342.6 1354.5 11.9 30.8 28.3 Lynx Ext. Lynx
including 1348.0 1348.9 0.9 99.3 74.6
and 1350.5 1352.7 2.2 88.7 85.7
OSK-W-19-1921-W1 837.4 840.0 2.6 5.78   Lynx_333 Lynx
including 839.0 840.0 1.0 14.0
OSK-W-19-1921-W2 877.3 879.9 2.6 3.67   Lynx_317 Lynx
  953.0 956.0 3.0 5.52   Lynx_313 Lynx
  958.0 961.6 3.6 5.67   Lynx_313 Lynx
OSK-W-19-1932-W3 722.7 724.8 2.1 6.65   Lynx_314 Lynx
including 723.4 724.2 0.8 17.3
OSK-W-19-1942-W1 825.0 828.0 3.0 7.16   Lynx 4 Lynx
including 825.0 826.5 1.5 13.4
  844.0 846.0 2.0 12.8   Lynx 4 Lynx
OSK-W-19-1948 248.8 252.3 3.5 7.06   Lynx_305 Lynx
including 248.8 249.7 0.9 17.3
  380.2 382.2 2.0 5.98   Lynx_306 Lynx
including 381.2 382.2 1.0 11.4
OSK-W-19-1949-W2 719.0 721.0 2.0 288 17.4 Lynx Lynx
including 719.7 720.0 0.3 1905 100
OSK-W-19-1952 338.1 341.0 2.9 28.4   Lynx_311 Lynx
including 340.0 341.0 1.0 72.7
  346.0 350.0 4.0 4.67   Lynx Lynx
  373.9 379.0 5.1 14.2   Lynx_308 Lynx
  383.0 387.7 4.7 21.1   Lynx_310 Lynx
including 384.0 384.5 0.5 40.9
and 386.9 387.7 0.8 79.3    
OSK-W-19-1962 232.4 234.4 2.0 5.41   Lynx_310 Lynx
including 234.0 234.4 0.4 22.3
  306.5 308.8 2.3 5.83   Lynx_307 Lynx
OSK-W-19-1963-W2 1319.2 1324.4 5.2 13.8   Lynx Ext. Lynx
including 1319.2 1320.7 1.5 26.8
  1337.8 1341.8 4.0 13.0   Lynx Ext. Lynx
including 1341.2 1341.8 0.6 45.9
OSK-W-19-1963-W3 1348.9 1356.0 7.1 27.5 21.0 Lynx Ext. Lynx
including 1353.2 1354.4 1.2 134 95.8
OSK-W-19-1963-W4 1230.5 1234.7 4.2 49.4 34.4 Lynx Ext. Lynx
including 1233.5 1234.7 1.2 152 100
1444.0 1448.7 4.7 14.4   Lynx Ext. Lynx
including 1444.0 1445.0 1.0 28.8
OSK-W-19-1963-W5 1466.6 1470.4 3.8 19.5   Lynx Ext. Lynx
including 1469.0 1470.4 1.4 42.8
OSK-W-19-1992-W1 1708.4 1714.3 5.9 14.3   Lynx Ext. Lynx
including 1711.0 1711.6 0.6 97.8
OSK-W-19-2026 1079.6 1089.7 10.1 8.77   Triple Lynx Triple Lynx
including 1086.3 1086.7 0.4 40.7
including 1089.3 1089.7 0.4 36.9
OSK-W-19-2026-W1 824.1 826.2 2.1 3.43   Triple Lynx Triple Lynx
including 825.5 826.2 0.7 10.1
  847.7 853.4 5.7 3.70   Triple Lynx Triple Lynx
  890.1 892.2 2.1 9.56   Triple Lynx Triple Lynx
  982.0 984.0 2.0 6.89   Triple Lynx Triple Lynx
  988.5 990.7 2.2 5.04   Triple Lynx Triple Lynx
OSK-W-19-2035 672.9 677.0 4.1 14.1   Lynx_315 Lynx
including 675.9 676.3 0.4 27.0
OSK-W-19-2043 736.2 738.4 2.2 3.48   Lynx HW Lynx
OSK-W-19-2048 480.0 482.0 2.0 12.2   Lynx_301 Lynx
including 480.0 480.7 0.7 34.1
OSK-W-19-2064 793.0 795.2 2.2 4.13   Lynx_314 Lynx
OSK-W-19-2068 844.3 846.6 2.3 56.0 35.7 Lynx_330 Lynx
including 845.8 846.6 0.8 159 100
OSK-W-19-2068-W1 903.0 911.7 8.7 8.85   Lynx_313 Lynx
including 905.0 906.7 1.7 23.4
  920.2 922.5 2.3 7.15   Lynx 4 Lynx
OSK-W-19-2077 763.5 767.0 3.5 6.10   Triple Lynx Triple Lynx
including 763.5 764.0 0.5 23.6
  770.0 776.0 6.0 10.7   Triple Lynx Triple Lynx
including 771.8 772.3 0.5 36.7
and 772.9 773.2 0.3 35.2
WST-19-0121 108.4 110.4 2.0 9.53   Lynx_305 Lynx
including 109.4 109.8 0.4 46.0
WST-19-0124 60.9 65.6 4.7 37.2 16.5 Lynx_311 Lynx
including 60.9 61.6 0.7 239 100
WST-19-0144 101.6 104.0 2.4 47.2   Lynx_304 Lynx
including 102.8 104.0 1.2 80.5
WST-19-0145 103.3 105.9 2.6 33.2   Lynx_305 Lynx
including 103.3 103.6 0.3 98.9
  108.5 112.6 4.1 12.2   Lynx_304 Lynx
WST-19-0154 73.0 75.2 2.2 95.5 27.9 Lynx_310 Lynx
including 74.0 74.6 0.6 348 100
WST-19-0195 78.4 80.5 2.1 3.24   Lynx_307 Lynx
WST-19-0202 73.4 75.8 2.4 9.84   Lynx_307 Lynx
including 74.0 74.3 0.3 64.4
  81.0 83.0 2.0 453 35.0 Lynx_319 Lynx
including 81.0 81.7 0.7 1295 100
WST-19-0203 66.3 69.8 3.5 6.56   Lynx_307 Lynx
including 68.1 68.9 0.8 15.5
WST-19-0205 79.0 81.0 2.0 5.84   Lynx_309 Lynx
  84.0 86.0 2.0 3.11   Lynx_311 Lynx
  157.0 159.0 2.0 71.8 15.1 Lynx_304 Lynx
including 157.7 158.0 0.3 478 100
WST-19-0206 76.0 78.0 2.0 44.5 20.1 Lynx_319 Lynx
including 76.8 77.2 0.4 222 100
  122.0 124.0 2.0 3.25   Lynx_305 Lynx
WST-19-0207 72.1 74.5 2.4 7.45   Lynx_307 Lynx
including 73.7 74.0 0.3 36.4
  117.0 119.0 2.0 3.46   Lynx_310 Lynx
including 118.2 118.5 0.3 17.6
WST-19-0208 75.5 77.5 2.0 11.8   Lynx_307 Lynx
WST-19-0209 81.9 84.1 2.2 3.65   Lynx_307 Lynx
WST-19-0217 81.4 83.9 2.5 3.17   Lynx_309 Lynx
including 83.4 83.9 0.5 10.9

 

Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. Ext = Extension and HW = Hanging wall.

Hole Number Azimuth (°) Dip (°) Length (m) UTM E UTM N Elevation Section
OSK-W-19-923-W4 137 -56 1035 453607 5435603 405 4025
OSK-W-19-961-W1 141 -54 1182 453438 5435479 401 3825
OSK-W-19-991-W3 128 -58 1701 453980 5435993 401 4550
OSK-W-19-991-W5 128 -58 1530 453980 5435993 401 4550
OSK-W-18-1550 140 -52 1035 453373 5435483 404 3775
OSK-W-18-1582 143 -50 615 453279 5435516 410 3700
OSK-W-18-1628 145 -48 1284 453287 5435492 408 3700
OSK-W-18-1681 143 -46 1131 453259 5435473 407 3675
OSK-W-19-1169-W3 129 -55 1266 453332 5435467 406 3725
OSK-W-17-1272 127 -60 1409 453246 5435535 412 3675
OSK-W-19-1272-W1 127 -60 1101 453246 5435535 412 3675
OSK-W-19-1386-W7 136 -54 870 453802 5435746 401 4275
OSK-W-19-1386-W8 136 -54 881 453802 5435746 401 4275
OSK-W-19-1386-W9 136 -54 972 453802 5435746 401 4275
OSK-W-19-1414-W7 133 -57 1002 453656 5435645 403 4100
OSK-W-19-1419-W1 137 -49 906 453453 5435560 408 3875
OSK-W-19-1453-W2 142 -56 879 453787 5435664 400 4225
OSK-W-19-1539-W1 145 -52 1184 453374 5435448 402 3750
OSK-W-19-1711-W3 134 -52 1233 453367 5435556 413 3800
OSK-W-19-1857-W4 108 -58 1415 453525 5435704 405 4000
OSK-W-19-1857-W6 108 -58 1077 453525 5435704 405 4000
OSK-W-19-1921-W1 112 -52 951 453502 5435488 399 3875
OSK-W-19-1921-W2 112 -52 1080 453502 5435488 399 3875
OSK-W-19-1932-W3 127 -55 803 453709 5435621 400 4125
OSK-W-19-1942-W1 128 -54 942 453315 5435390 403 3675
OSK-W-19-1948 121 -45 489 453286 5435277 400 3600
OSK-W-19-1949-W2 105 -57 1127 453440 5435479 401 3825
OSK-W-19-1952 132 -51 486 453236 5435306 405 3575
OSK-W-19-1962 338 -54 455 453261 5434881 397 3375
OSK-W-19-1963-W2 123 -58 1424 453760 5435817 401 4275
OSK-W-19-1963-W3 123 -58 1460 453760 5435817 401 4275
OSK-W-19-1963-W4 123 -58 1452 453760 5435817 401 4275
OSK-W-19-1963-W5 123 -58 1616 453760 5435817 401 4275
OSK-W-19-1992-W1 106 -61 1835 454009 5436003 401 4575
OSK-W-19-2026 123 -56 1302 453214 5435642 414 3700
OSK-W-19-2026-W1 123 -56 969 453214 5435642 414 3700
OSK-W-19-2035 134 -51 780 453421 5435433 400 3775
OSK-W-19-2043 131 -49 831 453585 5435675 408 4050
OSK-W-19-2048 137 -48 531 453501 5435477 399 3875
OSK-W-19-2064 127 -55 912 453622 5435635 405 4050
OSK-W-19-2068 116 -53 632 453316 5435389 403 3675
OSK-W-19-2068-W1 116 -53 1049 453316 5435389 403 3675
OSK-W-19-2077 127 -57 464 453145 5435489 419 3575
WST-19-0121 134 3 132 453253 5435110 206 3475
WST-19-0124 128 -30 81 453253 5435110 205 3475
WST-19-0144 128 2 123 453268 5435109 206 3500
WST-19-0145 142 -45 142 453290 5435116 204 3525
WST-19-0154 175 26 124 453288 5435116 206 3525
WST-19-0195 186 13 148 453176 5435125 175 3425
WST-19-0202 156 1 85 453179 5435127 174 3425
WST-19-0203 156 -16 127 453178 5435126 174 3425
WST-19-0205 147 5 169 453179 5435127 174 3425
WST-19-0206 147 -3 172 453179 5435127 174 3425
WST-19-0207 147 -12 139 453178 5435126 174 3425
WST-19-0208 147 -21 142 453178 5435126 174 3425
WST-19-0209 147 -30 130 453178 5435126 173 3425
WST-19-0217 156 17 121 453178 5435126 175 3425

OSK-W-19-923-W4 intersected three intervals in Lynx: 3.63 g/t Au over 2.0 metres, 20.3 g/t Au over 2.1 metres and 23.7 g/t Au over 2.1 metres. The first interval consists of 10% pyrite stringers, 5% pyrite clusters, 2% pyrite quartz-tourmaline veins, 1% pyrite in quartz-carbonate veins and 1% disseminated pyrite hosted in a strong sericite altered rhyolite. The second interval consists of 8% pyrite and 1% chalcopyrite in ptygmatic quartz-tourmaline veins and 1% pyrite with quartz-carbonate veins hosted at the contact between a fuchsite altered gabbro and a moderate sericite altered porphyritic felsic dike. The third interval consists of local visible gold, 30% pyrite in ptygmatic quartz-tourmaline veins, 7% pyrite clusters and 2% disseminated pyrite hosted in a moderate sericite and silica altered fragmental rhyolite.

OSK-W-19-961-W1 intersected 6.54 g/t Au over 2.0 metres in Lynx. Mineralization consists of 1% pyrite clusters and stringers in a weak sericite altered rhyolite.

OSK-W-19-991-W3 intersected 5.34 g/t Au over 2.0 metres and 9.00 g/t Au over 2.6 metres in Lynx Extension. The first interval consists of 5% pyrite stringers in a strongly sericitized, weakly silicified porphyritic felsic dike. The second interval consists of 6% disseminated and stringer pyrite in a weakly bleached and carbonate altered rhyolite at the contact with a bleached gabbro.

OSK-W-19-991-W5 intersected four intervals in Lynx Extension: 8.82 g/t Au over 2.0 metres, 5.77 g/t Au over 2.1 metres, 3.42 g/t Au over 3.0 metres and 16.8 g/t Au over 4.7 metres. The first interval consists of local visible gold in a quartz-carbonate-tourmaline vein and 1% pyrite in a weak chlorite altered gabbro. The second interval consists of trace pyrite-tourmaline stringers in a moderate sericite and weak silica altered rhyolite. Both the third and fourth intervals consist of 7% pyrite with pervasive silica flooding, 3% pyrite clusters and stringers, and trace disseminated pyrite hosted in a moderately bleached and locally fuchsite altered gabbro or a moderate silica and weak sericite rhyolite.

OSK-W-18-1550 intersected 284 g/t Au over 3.2 metres in Lynx. Mineralization consists of disseminated, fracture filled, and clustered local visible gold, 1% disseminated pyrite and trace sphalerite in quartz veins hosted in a moderate sericite and weak fuchsite altered rhyolite.

OSK-W-18-1582 intersected 6.64 g/t Au over 2.0 metres in Lynx. Mineralization consists of local native silver, 3% pyrite, 2% sphalerite and 1% chalcopyrite with smoky quartz veins hosted in a moderate sericite altered rhyolite.

OSK-W-18-1628 intersected 9.92 g/t Au over 4.3 metres and 21.0 g/t Au over 3.4 metres in Lynx. The first interval consists of up to 2% pyrite stringers and clusters in a moderate sericite and weak silica altered porphyritic felsic dike. The second interval consists of local visible gold, 5% pyrite stringers, and smoky quartz veins in a weak silica altered rhyolite in contact with a weak chlorite and fuchsite altered gabbro.

 OSK-W-18-1681 intersected 61.6 g/t Au over 4.1 metres in Lynx. Mineralization consists of up to 25% pyrite with pervasive silica flooding, quartz-tourmaline veins, quartz-carbonate veins, 2% pyrite stringers and trace sphalerite and chalcopyrite hosted in a moderate chlorite altered gabbro.

OSK-W-19-1169-W3 intersected four intervals in Lynx: 9.47 g/t Au over 2.2 metres, 7.62 g/t Au over 2.0 metres, 22.3 g/t Au over 7.2 metres and 9.02 g/t Au over 4.9 metres. The first interval consists of local visible gold with quartz-carbonate veins, 10% disseminated and stringer pyrite hosted in a moderate chlorite altered gabbro. The second interval consists of 6% disseminated pyrite and 1% pyrite clusters in a quartz-carbonate vein in a gabbro with local chlorite and fuchsite alteration. The third and fourth intervals contain 4% disseminated pyrite and trace sphalerite in a strongly bleached rhyolite with tourmaline-quartz veins.

OSK-W-19-1272 intersected three intervals in Triple Lynx: 3.80 g/t Au over 2.0 metres, 3.44 g/t Au over 3.2 metres and 6.84 g/t Au over 2.7 metres. The first interval consists of pyrite clusters in a moderate silica and weak sericite altered porphyritic felsic dike. The second interval consists of disseminated pyrite, quartz-tourmaline veins and trace chalcopyrite hosted in a moderate silica and weak sericite altered rhyolite. The last interval contains 7% pyrite stringers and 2% chalcopyrite clusters hosted in a felsic intrusion.

OSK-W-19-1272-W1 intersected 9.71 g/t Au over 2.3 metres in Triple Lynx. Mineralization consists of 3% disseminated pyrite, 2% pyrite stringers and 1% ptygmatic tourmaline veins in a strong sericite and moderate altered rhyolite.

OSK-W-19-1386-W7 intersected 19.3 g/t Au over 2.5 metres and 26.9 g/t Au over 3.1 metres in Lynx. The first interval consists of 8% disseminated, clustered, and stringer pyrite in a strongly chloritized and fuchsite altered gabbro. The second interval consists of local visible gold in pervasive silica flooding, 6% disseminated, clustered, and stringer pyrite and trace chalcopyrite hosted in a strongly sericitized and silicified fragmental felsic dike.

OSK-W-19-1386-W8 intersected 25.6 g/t Au over 2.0 metres in Lynx. Mineralization consists of up to 10% disseminated, clustered, and stringer pyrite in a strong sericite altered fragmental felsic intrusion. 

OSK-W-19-1386-W9 intersected 35.5 g/t Au over 2.3 metres in Lynx. Mineralization consists of local visible gold and 2% disseminated chalcopyrite in a quartz-tourmaline vein, and 5% pyrite clusters hosted in a strong sericite and silica altered, weak fuchsite altered gabbro in contact with a porphyritic felsic dike.

OSK-W-19-1414-W7 intersected 13.6 g/t Au over 7.1 metres in Lynx. Mineralization consists of 5% pyrite stringers locally associated with quartz-tourmaline veins in a weak silica altered and bleached rhyolite at the contact with a moderate carbonate-chlorite and weak fuchsite altered gabbro.

OSK-W-19-1419-W1 intersected 8.63 g/t Au over 6.0 metres in Lynx. Mineralization consists of 2% pyrite clusters in a moderate silica-sericite-fuchsite altered gabbro.

OSK-W-19-1453-W2 intersected 12.2 g/t Au over 2.2 metres in Lynx. Mineralization consists of 8% disseminated pyrite, 5% quartz-carbonate stockwork veins and 3% ptygmatic tourmaline veins hosted in a weak silica, fuchsite and strong sericite altered gabbro.

OSK-W-19-1539-W1 intersected 16.4 g/t Au over 2.0 metres in Lynx. Mineralization consists of trace disseminated pyrite in a weak sericite and silica altered rhyolite.

OSK-W-19-1711-W3 intersected 28.3 g/t Au over 2.0 metres and 5.71 g/t Au over 2.0 metres in Lynx. The first interval consists of local visible gold in quartz-tourmaline veins and 5% disseminated pyrite hosted in a strong chlorite altered gabbro. The second interval consists of 3% disseminated and stringer pyrite with smoky quartz veins, hosted in a strong chlorite, fuchsite and weak silica altered gabbro.

OSK-W-19-1857-W4 intersected 6.33 g/t Au over 3.6 metres in Lynx Extension. Mineralization consists of 2% stringer, disseminated and clustered pyrite hosted in a moderate sericite and carbonate altered gabbro.

OSK-W-19-1857-W6 intersected 30.8 g/t Au over 11.9 metres in Lynx Extension. Mineralization consists of local visible gold in silica and fuchsite patches, up to 10% stringer, disseminated and clustered pyrite, 2% chalcopyrite clusters and 3% sphalerite stringers. Tourmaline ptygmatic veins are associated with the mineralization. Mineralization is hosted in a strong fuchsite and moderate silica altered gabbro in contact with a string silica altered rhyolite.

OSK-W-19-1921-W1 intersected 5.78 g/t Au over 2.6 metres in Lynx. Mineralization consists of 1% disseminated and clustered pyrite in a weak sericite and silica altered porphyritic felsic dike.

OSK-W-19-1921-W2 intersected three intervals in Lynx: 3.67 g/t Au over 2.6 metres, 5.52 g/t Au over 3.0 metres and 5.67 g/t Au over 3.6 metres. The first interval consists of 2% disseminated and clustered pyrite and 1% pyrite-tourmaline stringers hosted in a moderate sericite and fuchsite altered gabbro at the contact with a sericitized rhyolite. The second interval consists of 1% interstitial and clustered pyrite with 25% quartz-carbonate veins in a moderate sericite, chlorite and strong silica altered gabbro. The third interval consists of trace pyrite stringers in a weak silica altered rhyolite.

OSK-W-19-1932-W3 intersected 6.65 g/t Au over 2.1 metres in Lynx. Mineralization consists of 3% disseminated pyrite in a quartz-tourmaline vein and hosted in a moderate sericite altered fragmental felsic dike.

OSK-W-19-1942-W1 intersected 7.16 g/t Au over 3.0 metres and 12.8 g/t Au over 2.0 metres in Lynx. Both intervals consist of disseminated pyrite in a moderate sericite and weak silica altered rhyolite.

OSK-W-19-1948 intersected 7.06 g/t Au over 3.5 metres and 5.98 g/t Au over 2.0 metres in Lynx. The first interval consists of 3% pyrite stringers in a moderate chlorite and weak silica-sericite altered gabbro. The second interval consists of 2% disseminated pyrite in a moderate chlorite, weak silica and sericite altered rhyolite.

OSK-W-19-1949-W2 intersected 288 g/t Au over 2.0 metres in Lynx. Mineralization consists of local visible gold and electrum, 10% pyrite in quartz veinlets, and trace chalcopyrite and arsenopyrite at the contacts between a locally bleached and fuchsite altered gabbro and a moderate silica altered rhyolite.

OSK-W-19-1952 intersected four interval in Lynx: 28.4 g/t Au over 2.9 metres, 4.67 g/t Au over 4.0 metres, 14.2 g/t Au over 5.1 metres and 21.1 g/t Au over 4.7 metres. The first interval consists of local visible gold, 5% pyrite stringers and clusters and 1% disseminated pyrite with silica flooding and quartz-tourmaline veins in a moderate sericite and fuchsite altered gabbro at the contact with a weak sericite and moderate silica altered porphyritic felsic intrusion. The second interval consists of 5% pyrite clusters and stringers, and 1% disseminated pyrite in a weakly sericite and silica altered rhyolite. The third and fourth intervals consist of local visible gold, 7% disseminated, clustered and stringer pyrite, and 1% sphalerite clusters hosted in a moderate silica altered rhyolite.

OSK-W-19-1962 intersected 5.41 g/t Au over 2.0 metres and 5.83 g/t Au over 2.3 metres in Lynx. The first interval consists of up to 7% disseminated pyrite and local visible gold with sericite-quartz-ankerite patches in a strong sericite and silica altered rhyolite in contact with a moderate chlorite-sericite altered gabbro. The second interval consists of 3% disseminated pyrite associated with quartz-tourmaline veins hosted in a moderately to strongly sericitized-chloritized and locally bleached gabbro.

OSK-W-19-1963-W2 intersected 13.8 g/t Au over 5.2 metres and 13.0 g/t Au over 4.0 metres in Lynx Extension. The first interval consists of up to 8% pyrite with pervasive silica flooding and quartz-carbonate veins with 3% pyrite and trace molybdenite hosted in a moderate sericite and silica altered rhyolite. The second interval consists of up to 7% disseminated, stringer, fracture filled, and clustered pyrite hosted in a weakly to moderately silicified rhyolite at the contact with a moderately bleached and weak fuchsite altered gabbro.

OSK-W-19-1963-W3 intersected 27.5 g/t Au over 7.1 metres in Lynx Extension. Mineralization consists of local visible gold, 4% disseminated and stringer pyrite, trace chalcopyrite, and 1% sphalerite clusters with pervasive-silica flooding hosted in a moderately sericitized rhyolite.

OSK-W-19-1963-W4 intersected 49.4 g/t Au over 4.2 metres and 14.4 g/t Au over 4.7 metres in Lynx Extension. The first interval consists of disseminated or fracture filled local visible gold, 3% pyrite clusters, and 1% disseminated pyrite hosted in a moderate fuchsite altered gabbro. The second interval consists of 8% pyrite clusters and stringers, and 2% pyrite stringers associated with ptygmatic tourmaline veinlets hosted in a gabbro and rhyolite with weak fuchsite and silica alteration and weak to strong sericite alteration.

OSK-W-19-1963-W5 intersected 19.5 g/t Au over 3.8 metres in Lynx Extension. Mineralization consists of up to 15% disseminated and fracture filled quartz-tourmaline ptygmatic veins hosted in a moderate sericite and strong silica altered gabbro.

OSK-W-19-1992-W1 intersected 14.3 g/t Au over 5.9 metres in Lynx. Mineralization consists of 15% pyrite stringers, 10% pyrite clusters, and 5% disseminated pyrite at the contact between a strongly bleached, moderately sericitized, and weakly silicified gabbro and an andesite.

OSK-W-19-2026 intersected 8.77 g/t Au over 10.1 metres in Triple Lynx. Mineralization consists of disseminated, clustered, and stringer pyrite with trace sphalerite associated with pervasive silica flooding hosted in a moderately sericitized and silicified rhyolite.

OSK-W-19-2026-W1 intersected five intervals in Triple Lynx: 3.43 g/t Au over 2.1 metres, 3.70 g/t Au over 5.7 metres, 9.56 g/t Au over 2.1 metres, 6.89 g/t Au over 2.0 metres and 5.04 g/t Au over 2.2 metres. The first interval consists of up to 10% pyrite-tourmaline with pervasive silica flooding and 5% disseminated pyrite hosted in strong silica altered porphyritic felsic dike. The second interval consists of 3% pyrite-tourmaline stringers in a moderate sericite and silica altered rhyolite. The third interval consists of up to 15% pyrite-tourmaline in fracture filling with pervasive silica flooding veins hosted in strong fuchsite and sericite altered gabbro in contact with a rhyolite. The fourth interval consists of 5% pyrite stringers and 3% disseminated pyrite in a weak sericite and silica altered rhyolite. The last interval consists of 5% stringer, clustered and disseminated pyrite associated with pervasive silica zone hosted in a weak chloritized and sericite altered rhyolite.

OSK-W-19-2035 intersected 14.1 g/t Au over 4.1 metres in Lynx. Mineralization consists of local visible gold and 5% disseminated pyrite associated with silica-chlorite fracture filling and trace chalcopyrite in a quartz-carbonate vein and a quartz-tourmaline vein hosted in strongly silicified and moderately chloritized and sericitized gabbro.

OSK-W-19-2043 intersected 3.48 g/t Au over 2.2 metres in Lynx. Mineralization consists of 10% pyrite clusters in a strongly bleached and sericitized gabbro.

OSK-W-19-2048 intersected 12.2 g/t Au over 2.0 metres in Lynx. Mineralization consists of 5% pyrite stringers, 8% disseminated pyrite and trace chalcopyrite clusters in a moderate sericite and chlorite altered gabbro with local pervasive silica flooding.

OSK-W-19-2064 intersected 4.13 g/t Au over 2.2 metres in Lynx. Mineralization consists of 3% pyrite stringers, 1% pyrite clusters and 1% disseminated pyrite in a moderately silicified and weakly sericitized rhyolite.

OSK-W-19-2068 intersected 56.0 g/t Au over 2.3 metres in Lynx. Mineralization consists of local visible gold, disseminated or fracture filled native silver, 5% pyrite clusters and stringers, 1% disseminated chalcopyrite and trace sphalerite in pervasive silica flooding or crustiform quartz veins with local fuchsite alteration and 3% ptygmatic tourmaline stringers. Mineralization is hosted in a strongly silicified and moderately sericitized rhyolite.

OSK-W-19-2068-W1 intersected 8.85 g/t Au over 8.7 metres and 7.15 g/t Au over 2.3 metres in Lynx. Both intervals consist of up to 15% pyrite stringers locally associated with ptygmatic tourmaline veins and clusters, trace sphalerite and disseminated chalcopyrite hosted in a moderate chlorite, sericite and fuchsite altered basalt.

OSK-W-19-2077 intersected 6.10 g/t Au over 3.5 metres and 10.7 g/t Au over 6.0 metres in Triple Lynx. The first interval consists of 1% disseminated pyrite and ptygmatic tourmaline veins hosted in a moderate silica altered rhyolite. The second interval contains 15% disseminated pyrite, 2% pyrite in tourmaline ptygmatic veins, 1% pyrite as clusters and stringers, and trace sphalerite, hosted in a strongly silicified basalt.

WST-19-0121 intersected 9.53 g/t Au over 2.0 metres in Lynx. Mineralization consists of local visible gold and up to 15% pyrite stringers associated with pervasive silica flooding hosted in a strongly silica, weak fuchsite altered rhyolite in contact with a fragmental felsic dike. WST-19-0121 was drilled from underground drill station RE-195-265-O located 195 metres below surface from section 3475E.

WST-19-0124 intersected 37.2 g/t Au over 4.7 metres in Lynx. Mineralization consists of local visible gold and pyrite-tourmaline stringers associated with smoky quartz veins and trace sphalerite hosted in a sericitized and silicified rhyolite. WST-19-0124 was drilled from underground drill station RE-195-265-O located 195 metres below surface from section 3475E.

WST-19-0144 intersected 47.2 g/t Au over 2.4 metres in Lynx. Mineralization consists of local visible gold and 6% disseminated pyrite with strong pervasive silica flooding and quartz-carbonate veins hosted in a moderate silica altered rhyolite. WST-19-0144 was drilled from underground drill station AN-195-265-S located 195 metres below surface from section 3500E.

WST-19-0145 intersected 33.2 g/t Au over 2.6 metres and 12.2 g/t Au over 4.1 metres in Lynx. The first interval consists of 2% pyrite stringers and quartz-tourmaline veins in a moderate chlorite altered andesite. The second interval consists of up to 15% pyrite stringers with pervasive silica flooding hosted in a strong silica altered rhyolite. WST-19-0145 was drilled from underground drill station BM-200-195-S located 200 metres below surface from section 3525E.

WST-19-0154 intersected 95.5 g/t Au over 2.2 metres in Lynx. Mineralization consists of local visible gold and 10% pyrite associated with pervasive silica flooding hosted at the contact between a strongly sericitized and chloritized gabbro and a felsic intrusion. WST-19-0154 was drilled from underground drill station BM-200-195-S located 200 metres below surface from section 3525E.

WST-19-0195 intersected 3.24 g/t Au over 2.1 metres in Lynx. Mineralization consists of up to 12% pyrite associated with quartz-tourmaline veins and 2% clustered and disseminated pyrite hosted in a weakly sericitized rhyolite. WST-19-0195 was drilled from underground drill station AN-225-190-O located 225 metres below surface from section 3425E.

WST-19-0202 intersected 9.84 g/t Au over 2.4 metres and 453 g/t Au over 2.0 metres in Lynx. The first interval consists of up to 5% pyrite and smoky quartz-carbonate veins hosted in a moderately sericitized rhyolite. The second interval consists of local visible gold inside a smoky quartz vein, up to 15% disseminated pyrite and 3% pyrite stringers hosted in a moderately sericitized rhyolite. WST-19-0202 was drilled from underground drill station AN-225-190-O located 225 metres below surface from section 3425E.

WST-19-0203 intersected 6.56 g/t Au over 3.5 metres in Lynx. Mineralization consists of 4% disseminated and clustered pyrite associated with quartz-tourmaline veins hosted in a weakly chloritized rhyolite. WST-19-0203 was drilled from underground drill station AN-225-190-O located 225 metres below surface from section 3425E.

WST-19-0205 intersected three interval in Lynx: 5.84 g/t Au over 2.0 metres, 3.11 g/t Au over 2.0 metres and 71.8 g/t Au over 2.0 metres. The first and second intervals consist of up to 5% disseminated pyrite associated with crustiform quartz-carbonate veinlets and up to 1% sphalerite in pervasive silica flooding hosted in a moderately sericitized rhyolite or a moderate chlorite altered felsic dike. The last interval consists of local visible gold filling a fracture in a crustiform vein, 1% disseminated chalcopyrite and 2% disseminated pyrite hosted in a moderately chloritized gabbro. WST-19-0205 was drilled from underground drill station AN-225-190-O located 225 metres below surface from section 3425E.

WST-19-0206 intersected 44.5 g/t over 2.0 metres and 3.25 g/t Au over 2.0 metres in Lynx. The first interval consists of local visible gold associated with 8% pyrite stringers and 1% disseminated sphalerite inside a smoky quartz vein with pervasive fuchsite crustiform quartz-carbonate veinlets hosted in a moderately sericitized rhyolite. The second interval consists of 1% disseminated pyrite in a moderate chlorite rhyolite. WST-19-0206 was drilled from underground drill station AN-225-190-O located 225 metres below surface from section 3425E.

WST-19-0207 intersected 7.45 g/t Au over 2.4 metres and 3.46 g/t Au over 2.0 metres in Lynx. The first interval consists of up to 8% disseminated pyrite and 4% sphalerite with crustiform quartz veins hosted in a weak sericite altered rhyolite. The second interval consists of 4% disseminated pyrite in a weak sericite altered rhyolite. WST-19-0207 was drilled from underground drill station AN-225-190-O located 225 metres below surface from section 3425E.

WST-19-0208 intersected 11.8 g/t Au over 2.0 metres in Lynx. Mineralization consists of 6% disseminated and clustered pyrite associated with quartz-tourmaline veins hosted in a weakly sericitized rhyolite. WST-19-0208 was drilled from underground drill station AN-225-190-O located 225 metres below surface from section 3425E.

WST-19-0209 intersected 3.65 g/t Au over 2.2 metres in Lynx. Mineralization consists of trace disseminated and clustered pyrite in a weak sericite and silica altered rhyolite. WST-19-0209 was drilled from underground drill station AN-225-190-O located 225 metres below surface from section 3425E.

WST-19-0217 intersected 3.17 g/t Au over 2.5 metres in Lynx. Mineralization consists of 7% disseminated pyrite with smoky quartz veins and 1% disseminated pyrite hosted in a weakly sericitized and silicified rhyolite. WST-19-0217 was drilled from underground drill station AN-225-190-O located 225 metres below surface from section 3425E.

Qualified Person

The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of Osisko’s Windfall Lake gold project, who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Quality Control and Reporting Protocols

True width determination is estimated at 55-80% of the reported core length interval for the zone. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at (i) ALS Laboratories in Val d’Or, Québec, Thunder Bay, Ontario, Sudbury, Ontario or Vancouver, British Colombia, or (ii) Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using an Aqua Regia-ICP-AES method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.

About the Windfall Lake Gold Deposit

The Windfall Lake gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by Osisko, as disclosed in the Windfall Lake Technical Report (as defined below) and November 27, 2018 Lynx resource update, comprises 2,874,000 tonnes at 8.17 g/t Au (754,000 ounces) in the indicated mineral resource category and 10,352,000 tonnes at 7.11 g/t Au (2,366,000 ounces) in the inferred mineral resource category. For details regarding the key assumptions, parameters and methods used to estimate the mineral resources presented in respect of the Windfall Lake gold project, please see the technical report entitled “Technical Report and Mineral Resource Estimate for the Windfall Lake Project, Windfall Lake and Urban-Barry Properties” and dated June 12, 2018 (effective date of May 14, 2018), which has been prepared by InnovExplo Inc. from Val-d’Or, Québec (the “Windfall Lake Technical Report”) and the press release “Osisko Releases Mineral Resource Update for Lynx” dated November 27, 2018, which has been prepared by Osisko and reviewed and approved by Micon International, Ltd. from Toronto, Ontario. The Windfall Lake Technical Report and press release are available on Osisko’s website at www.osiskomining.com and on SEDAR under Osisko’s issuer profile at www.sedar.com. The Windfall Lake gold deposit is currently one of the highest-grade resource-stage gold projects in Canada. Mineralization occurs in four principal zones: Lynx, Zone 27, Caribou and Underdog. All zones comprise sub-vertical lenses following intrusive porphyry contacts plunging to the northeast. The deposit is well defined from surface to a depth of 900 metres and remains open along strike and at depth. Mineralization has been identified 30 metres from surface in some areas and as deep as 2,000 metres in others, with significant potential to extend mineralization down-plunge and at depth.

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall Lake gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding the Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Windfall Lake gold deposit being one of the highest grade resource-stage gold projects in Canada; the significance of results from the new infill drilling and ongoing drill definition and expansion program at the Windfall Lake gold project; the significance of assay results presented in this news release; the deposit remaining open along strike and at depth; potential depth extensions of the mineralized zones down-plunge and at depth; the actual mineralization of local visible gold; the current drill program; the type of drilling included in the drill program; potential mineralization; the potential to extend mineralization up and down-plunge and at depth at the Windfall Lake gold deposit; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities, including the continuity or extension of any mineralization; and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward- looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests in the Windfall Lake gold project; the ability of the Corporation to obtain required approvals and complete transactions on terms announced; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions. Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information, Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

 

For further information please contact:

John Burzynski
President and Chief Executive Officer
Telephone: (416) 363-8653

OSISKO CORPORATE UPDATE

(Toronto, September 20, 2019) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to announce the appointment of Mr. Don Njegovan to Chief Operating Officer (COO).   In his role as Chief Operating Officer, Don will have overall responsibility for coordinating the feasibility study for the Windfall Project, organization of the development of mining activities and leadership of the mining team for Osisko.  Don joined Osisko in February 2016 as Vice-President of New Business Development, and in November 2018 his role was expanded to Vice-President of Corporate Development and Technical Services.

Don has over 25 years of experience in the mining industry starting with working underground for Hudson Bay Mining & Smelting Co. Ltd. in 1989.  Mr. Njegovan holds a Bachelor of Science Mining Engineering degree from Michigan Technological University and a Bachelor of Arts degree from the University of Manitoba.

Previously a director of St. Andrew Goldfields until it was acquired by Kirkland Lake Gold in 2016, Don currently sits on the board of directors of Sable Resources, Ascot Resources Ltd. and Strongbow Exploration Ltd.  He was formerly Managing Director of Global Mining at Scotiabank from (2010 – 2014) and has also worked as an investment banker in Toronto.

John Burzynski, President and Chief Executive Officer of Osisko commented: “Don’s great practical and technical experience, as well as his overall knowledge of the mining industry – both underground and on the streets of Toronto – will be very beneficial to the company as Osisko begins to shift towards the feasibility, construction and production phases of our company.”

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding the Urban Barry area and nearby Quévillon area (over 2,700 square kilometres). 

For further information please contact:

John Burzynski
President and Chief Executive Officer
Telephone: (416) 363-8653

OSISKO MINING RELEASES DISCOVERY 1 PRELIMINARY RESULTS

14.1 g/t Au Over 2.1 Metres Adds 500 Metre Strike Extension to Underdog

 9.58 g/t Au Over 7.6 Metres Adds 100 Metre Extension to Triple 8

 (Toronto, September 11, 2019) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide an update on the Discovery 1 drill hole. Discovery 1’s principal exploration target is the interpreted outer shell and centre of a possible porphyry intrusion feeding the Windfall-Lynx gold system, at depths of approximately 3,000 metres to 3,500 metres from surface. The drill hole was designed to also target potential depth extensions of two known mineralized zones (the Underdog Zone and Triple 8 Zone). Preliminary results from Discovery 1 include intersections from the targeted Underdog and Triple 8 extensions, noted below. Approximately 2,300 metres down-hole length has been completed, with approximately 1,200 metres left to reach the principal exploration targets.

The initial attempted hole (OSK-W-19-1944) was started on May 10th and was ended at 812 metres length due to excessive deviation. A second attempt (OSK-W-19-1970) was commenced on May 30th, 2019 and has so far completed approximately 2,300 metres of the planned 3,500 metres. Eleven dip corrections have been done at regular spacings up to 2,050 metres using retractable wedges to control deviation.

A new high-grade extension of Underdog Zone was intersected at approximately 1771 metres down-hole depth (14.1 g/t Au over 2.1 metres), 500 metres from the nearest Underdog resource wireframe. This new intercept is a significant new down-plunge extension of the zone, which will be followed up with additional drilling later in the year.

Discovery 1 has also intersected significant new mineralization in the Triple 8 corridor (9.58 g/t Au over 7.6 metres) at 2,191 metres down-hole, adding information and extending the known mineralization in this zone by approximately 100 metres.

Osisko President and Chief Executive Officer John Burzynski commented: “Discovery 1 is already paying dividends with a new 500 metre high-grade extension of the Underdog Zone and a new wide intercept in Triple 8.  We are now moving to the really interesting part of this hole and are hoping to get a good look at the potential roots and feeder system of the Windfall deposit as Discovery 1 progresses towards the main deep targets.”

Maps showing hole locations and full analytical results are available at www.osiskomining.com.

Hole No. From (m) To (m) Interval (m) Au (g/t) uncut Au (g/t)         cut to 100 g/t Zone Corridor
OSK-W-19-1970 1658.8 1662.0 3.2 5.75 Underdog Underdog
  1674.0 1675.0 1.0 62.3   Vein Underdog
  1770.9 1773  2.1 14.1 Underdog Underdog
including 1771.3 1772 0.7 41.4  
  2191.2 2198.8 7.6 9.58 9.09 Triple 8 Triple 8
including 2191.8 2192.1 0.3 112 100

 

Hole Number Azimuth (°) Dip (°) Length (m) UTM E UTM N Elevation Section
OSK-W-19-1970 090 -51 In Progress 451913 5435346 401 2425

Underdog Extension

The first interval intersected 5.75 g/t Au over 3.2 metres. Mineralization includes local visible gold, 7% pyrite stringers, clusters and locally disseminated hosted in a moderately chloritized, moderately bleached and locally moderately to strongly silicified andesite in contact with felsic porphyritic intrusions with trace large quartz eyes.  The second interval returned 62.3 g/t Au over 1.0 metre, with mineralization consisting of centimeter-scale quartz veins in a moderate chlorite and weakly silica and sericite altered andesite. The third interval returned 14.1 g/t Au over 2.1 metres lower down in the Underdog corridor. Mineralization consists of 3% pyrite stringers and 1% disseminated pyrite associated with pervasive silica flooding and a quartz-carbonate vein hosted in a moderately sericitized porphyritic felsic intrusion.

The intervals are located approximately 500 metres down-plunge of the defined Underdog resource and the first two intervals occur in a broader zone of low-grade mineralization and alteration located between 1614.0m – 1686.0m.

Triple 8 Zone

OSK-W-19-1970 intersected 9.58 g/t Au over 7.6 metres in the Triple-8 corridor. Mineralization includes local visible gold in clusters and disseminated associated with patchy silica alteration, up 20% disseminated and clustered pyrite with trace chalcopyrite stringers and up to 1% pyrrhotite hosted in a moderate sericite and silica altered andesite with weak foliation. This intercept is located 100 metres from a prior intersection in OSK-W-18-1783 (16.0 g/t Au over 2.3 metres, see Osisko news release dated February 5, 2019).

Qualified Person

The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of Osisko’s Windfall Lake gold project, who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Quality Control and Reporting Protocols

True width determination is estimated at 55-80% of the reported core length interval for the zone. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at (i) ALS Laboratories in Val d’Or, Québec, Thunder Bay, Ontario, Sudbury, Ontario or Vancouver, British Colombia, or (ii) Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using an Aqua Regia-ICP-AES method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay. 

About the Windfall Lake Gold Deposit

The Windfall Lake gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by Osisko, as disclosed in the Windfall Lake Technical Report (as defined below) and November 27, 2018 Lynx resource update, comprises 2,874,000 tonnes at 8.17 g/t Au (754,000 ounces) in the indicated mineral resource category and 10,352,000 tonnes at 7.11 g/t Au (2,366,000 ounces) in the inferred mineral resource category. For details regarding the key assumptions, parameters and methods used to estimate the mineral resources presented in respect of the Windfall Lake gold project, please see the technical report entitled “Technical Report and Mineral Resource Estimate for the Windfall Lake Project, Windfall Lake and Urban-Barry Properties” and dated June 12, 2018 (effective date of May 14, 2018), which has been prepared by InnovExplo Inc. from Val-d’Or, Québec (the “Windfall Lake Technical Report”) and the press release “Osisko Releases Mineral Resource Update for Lynx” dated November 27, 2018, which has been prepared by Osisko and reviewed and approved by Micon International, Ltd. from Toronto, Ontario. The Windfall Lake Technical Report and press release are available on Osisko’s website at www.osiskomining.com and on SEDAR under Osisko’s issuer profile at www.sedar.com. The Windfall Lake gold deposit is currently one of the highest-grade resource-stage gold projects in Canada. Mineralization occurs in four principal zones: Lynx, Zone 27, Caribou and Underdog. All zones comprise sub-vertical lenses following intrusive porphyry contacts plunging to the northeast. The deposit is well defined from surface to a depth of 900 metres and remains open along strike and at depth. Mineralization has been identified 30 metres from surface in some areas and as deep as 2,000 metres in others, with significant potential to extend mineralization down-plunge and at depth.

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall Lake gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding the Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Windfall Lake gold deposit being one of the highest grade resource-stage gold projects in Canada; the significance of results from the new infill drilling and ongoing drill definition and expansion program at the Windfall Lake gold project; the significance of assay results presented in this news release; the deposit remaining open along strike and at depth; potential depth extensions of the mineralized zones down-plunge and at depth; the actual mineralization of local visible gold; the current 800,000 metre drill program; the type of drilling included in the drill program; potential mineralization; the potential to extend mineralization up and down-plunge and at depth at the Windfall Lake gold deposit; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities, including the continuity or extension of any mineralization; and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward- looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests in the Windfall Lake gold project; the ability of the Corporation to obtain required approvals and complete transactions on terms announced; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions. Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information, Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

 

For further information please contact:

John Burzynski
President and Chief Executive Officer
Telephone: (416) 363-8653

OSISKO INTERSECTS BONANZA GRADES AT LYNX EXTENSION AND TRIPLE LYNX

72.3 g/t Au Over 12.7 Metres in Triple Lynx

145 g/t Au Over 3.5 Metres in Lynx Extension

(Toronto, September 9, 2019) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new drilling results from the ongoing definition and expansion drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.

The program is currently focused on infill drilling at the Lynx deposit, exploration and expansion drilling on the main mineralized zones, and deep exploration in the central areas of the mineralized intrusive system. Sixteen drills are active at Lynx and Triple Lynx, with another seven drills conducting infill and exploration drilling on other areas of the deposit.

Osisko President and Chief Executive Officer John Burzynski commented: “The continued flow of strong results from Lynx is making us rethink our approach to the Windfall deposit.  We continue to see good continuity of high-grade mineralization at Lynx and now Triple Lynx, and both zones remain open for expansion down-plunge. The Lynx Extension and Triple Lynx are adding important ounces and these two recent discoveries are once again demonstrating the importance of the Lynx corridor in the Windfall mineralized system.”

Significant new analytical results from 14 intercepts in 2 drill holes and 10 wedges from surface focused on Lynx Extension and Triple Lynx drilling are presented below. Maps showing hole locations and full analytical results are available at www.osiskomining.com.

 

Hole No. From (m) To (m) Interval (m) Au (g/t) uncut Au (g/t)         cut to 100 g/t Zone Corridor
OSK-W-19-991-W3 1417.0 1419.6 2.6 9.00   Lynx 4 Lynx Extension
OSK-W-19-991-W4 1442.0 1446.8 4.8 29.3   Lynx 4 Lynx Extension
including 1443.0 1444.0 1.0 51.6    
OSK-W-19-1272-W1 762.2 774.9 12.7 72.3 40.1 Triple Lynx Triple Lynx
including 768.2 769.4 1.2 439 100
OSK-W-19-1272-W2 765.4 771.0 5.6 5.62   Triple Lynx Triple Lynx
  775.6 788.0 12.4 52.0 28.9 Triple Lynx Triple Lynx
including 785.5 788.0 2.5 163.8 82.8
OSK-W-19-1367-W4 1150.0 1153.9 3.9 46.7 33.4 Lynx 4 Lynx Extension
including 1151.6 1151.9 0.3 273 100
OSK-W-19-1857-W2 1322.0 1325.0 3.0 3.99   Lynx 4 Lynx Extension
OSK-W-19-1857-W4 1312.8 1316.3 3.5 145 49.8 Lynx 4 Lynx Extension
including 1312.8 1313.7 0.9 172 100
including 1313.7 1314.3 0.6 548 100
OSK-W-19-1857-W5 1402.2 1404.2 2.0 8.12   Lynx 4 Lynx Extension
OSK-W-19-1963-W1 1325.5 1327.9 2.4 56.9 55.0 Lynx 4 Lynx Extension
OSK-W-19-1975 1510.9 1512.9 2.0 7.98   Lynx 4 Lynx Extension
including 1511.2 1512.0 0.8 18.3
OSK-W-19-1991 1127.3 1129.9 2.6 5.82   Triple Lynx Triple Lynx
including 1127.3 1128.0 0.7 14.0
OSK-W-19-1992-W1 1393.2 1396.7 3.5 10.2 Lynx 4 Lynx Extension
  1399.9 1403.2 3.3 16.3 Lynx 4 Lynx Extension

Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below.

Hole Number Azimuth (°) Dip (°) Length (m) UTM E UTM N Elevation Section
OSK-W-19-991-W3 128 -58 1701 453980 5435993 401 4550
OSK-W-19-991-W4 128 -58 1523 453980 5435993 401 4550
OSK-W-19-1272-W1 127 -60 1101 453246 5435535 412 3675
OSK-W-19-1272-W2 127 -60 1064 453246 5435535 412 3675
OSK-W-19-1367-W4 131 -52 1386 453755 5435873 402 4300
OSK-W-19-1857-W2 108 -58 1449 453525 5435704 405 4000
OSK-W-19-1857-W4 108 -58 1415 453525 5435704 405 4000
OSK-W-19-1857-W5 108 -58 1539 453525 5435704 405 4000
OSK-W-19-1963-W1 123 -58 1461 453760 5435817 401 4275
OSK-W-19-1975 119 -58 1716 453769 5435891 402 4325
OSK-W-19-1991 358 -46 1266 453561 5434348 399 3375
OSK-W-19-1992-W1 106 -61 1875 454009 5436003 401 4575

 

OSK-W-19-991-W3 intersected 9.00 g/t Au over 2.6 metres. Mineralization consists of up to 6% disseminated and stringer pyrite in a weakly bleached and carbonate altered rhyolite close to the contact with a bleached gabbro.

 

OSK-W-19-991-W4 intersected 29.3 g/t Au over 4.8 metres. Mineralization consists of up to 15% disseminated and stringer pyrite, trace molybdenite and sphalerite, and smoky quartz veins hosted in a moderate silica and carbonate altered rhyolite.

 

OSK-W-19-1272-W1 intersected 72.3 g/t Au over 12.7 metres. Mineralization consists of trace to 1% local visible gold in clusters and stringers, 7% disseminated and clustered pyrite, 2% pyrite stringers and 1% disseminated sphalerite with pervasive silica flooding and ptygmatic tourmaline veins hosted in strongly fuchsitized, silicified and sericitized rhyolite and gabbro.

 

OSK-W-19-1272-W2 intersected 5.62 g/t Au over 5.6 metres and 52.0 g/t Au over 12.4 metres. The first interval contains trace of pyrite stringers in a moderate silica altered rhyolite. The second interval contains local visible gold clusters, 10% disseminated pyrite and traces of chalcopyrite with pervasive silica flooding, 2% pyrite stringers within an alternation of moderate to strongly silica and sericite altered rhyolite and gabbro.

 

OSK-W-19-1367-W4 intersected 46.7 g/t Au over 3.9 metres. Mineralization consists of local visible gold and up to 10% pyrite stringers associated to silica flooding hosted in a moderate fuchsite and sericite altered rhyolite.

 

OSK-W-19-1857-W2 intersected 3.99 g/t Au over 3.0 metres. Mineralization consists of trace disseminated pyrite hosted in a moderate sericite altered rhyolite.

 

OSK-W-19-1857-W4 intersected 145 g/t Au over 3.5 metres. Mineralization consists of local visible gold and trace disseminated pyrite hosted in a strong sericite and moderate carbonate altered rhyolite.

 

OSK-W-19-1857-W5 intersected 8.12 g/t Au over 2.0 metres. Mineralization consists of 5% pyrite clusters and 1% chalcopyrite clusters with pervasive silica flooding hosted in a strongly silica and sericite altered rhyolite.

 

OSK-W-19-1963-W1 intersected 56.9 g/t Au over 2.4 metres. Mineralization consists of trace of visible gold and electrum, and 5% pyrite tourmaline clusters in a moderate silica and strong sericite altered rhyolite with breccia texture showing a sericite matrix with quartz fragments, tourmaline ptygmatic veins, quartz carbonate veins and trace fuchsite.

 

OSK-W-19-1975 intersected 7.98 g/t Au over 2.0 metres. Mineralization consists of 5% disseminated pyrite, 3% pyrite-tourmaline stringers and ptygmatic tourmaline veins hosted in moderate silica altered dacite.

 

OSK-W-19-1991 intersected 5.82 g/t Au over 2.6 metres.  Mineralization consists of up to 5% pyrite and 2% sphalerite stringers with smoky quartz veins hosted in a strong silica altered rhyolite at the contact with a felsic porphyritic intrusion.

 

OSK-W-19-1992-W2 intersected 10.2 g/t Au over 3.5 metres and 16.3 g/t Au over 3.3 metres. Mineralization in both intervals consists of up to 7% pyrite in crustiform quartz-carbonate veins, 10% pyrite stringers, 5% disseminated pyrite, 3% pyrite cluster and trace chalcopyrite hosted in a moderate sericite-fuchsite and weakly silicified gabbro.

 

Qualified Person

The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of Osisko’s Windfall Lake gold project, who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

 

Quality Control and Reporting Protocols

True width determination is estimated at 55-80% of the reported core length interval for the zone. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at (i) ALS Laboratories in Val d’Or, Québec, Thunder Bay, Ontario, Sudbury, Ontario or Vancouver, British Colombia, or (ii) Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using an Aqua Regia-ICP-AES method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.

 

About the Windfall Lake Gold Deposit

The Windfall Lake gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by Osisko, as disclosed in the Windfall Lake Technical Report (as defined below) and November 27, 2018 Lynx resource update, comprises 2,874,000 tonnes at 8.17 g/t Au (754,000 ounces) in the indicated mineral resource category and 10,352,000 tonnes at 7.11 g/t Au (2,366,000 ounces) in the inferred mineral resource category. For details regarding the key assumptions, parameters and methods used to estimate the mineral resources presented in respect of the Windfall Lake gold project, please see the technical report entitled “Technical Report and Mineral Resource Estimate for the Windfall Lake Project, Windfall Lake and Urban-Barry Properties” and dated June 12, 2018 (effective date of May 14, 2018), which has been prepared by InnovExplo Inc. from Val-d’Or, Québec (the “Windfall Lake Technical Report”) and the press release “Osisko Releases Mineral Resource Update for Lynx” dated November 27, 2018, which has been prepared by Osisko and reviewed and approved by Micon International, Ltd. from Toronto, Ontario. The Windfall Lake Technical Report and press release are available on Osisko’s website at www.osiskomining.com and on SEDAR under Osisko’s issuer profile at www.sedar.com. The Windfall Lake gold deposit is currently one of the highest-grade resource-stage gold projects in Canada. Mineralization occurs in four principal zones: Lynx, Zone 27, Caribou and Underdog. All zones comprise sub-vertical lenses following intrusive porphyry contacts plunging to the northeast. The deposit is well defined from surface to a depth of 900 metres and remains open along strike and at depth. Mineralization has been identified 30 metres from surface in some areas and as deep as 2,000 metres in others, with significant potential to extend mineralization down-plunge and at depth.

 

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall Lake gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding the Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).

 

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Windfall Lake gold deposit being one of the highest grade resource-stage gold projects in Canada; the significance of results from the new infill drilling and ongoing drill definition and expansion program at the Windfall Lake gold project; the significance of assay results presented in this news release; the deposit remaining open along strike and at depth; potential depth extensions of the mineralized zones down-plunge and at depth; the actual mineralization of local visible gold; the current 800,000 metre drill program; the type of drilling included in the drill program; potential mineralization; the potential to extend mineralization up and down-plunge and at depth at the Windfall Lake gold deposit; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities, including the continuity or extension of any mineralization; and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward- looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests in the Windfall Lake gold project; the ability of the Corporation to obtain required approvals and complete transactions on terms announced; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions. Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information, Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

 

For further information please contact:

John Burzynski
President and Chief Executive Officer
Telephone: (416) 363-8653

OSISKO INFILL DRILLING INTERSECTS HIGH-GRADE AT LYNX

Multiple High-Grade Intercepts Including 80.7 g/t Au Over 5.8 Metres

(Toronto, September 5, 2019) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new infill drilling results from the ongoing definition and expansion program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec. The program is currently focused on infill drilling within the main Windfall gold deposit and the adjacent Lynx deposit (located immediately NE of Windfall), exploration and expansion drilling on the main mineralized zones, and deep exploration in the central areas of the intrusive system.

Significant new analytical results from 72 intercepts in 38 drill holes and 16 wedges from surface focused on Lynx and Main Zone infill drilling are presented below. Additionally, 66 intercepts in 29 underground drill holes focused on multiple spacing infill drilling, including the pending Lynx bulk sample area, are included in a second table below.

Osisko President and Chief Executive Officer John Burzynski commented: “Infill drilling has been defining good continuity within the known zones and is showing some very strong grades particularly in Lynx.  The recently announced addition of 200,000 metres of drilling should also allow us to add significant areas from the two new discoveries (the Lynx Extension and Triple Lynx) to the resource work by the end of the year.”

Highlights from new infill drilling results include: 80.7 g/t Au over 5.8 metres in OSK-W-19-1958-W2; 104 g/t Au over 3.6 metres in OSK-W-19-1539-W1; 151 g/t Au over 2.1 metres in WST-19-0168; 89.2 g/t Au over 2.9 metres in WST-19-167; 114 g/t Au over 2.1 metres in WST-19-0143; 52.3 g/t Au over 4.2 metres in OSK-W-19-2012; 81.0 g/t Au over 2.7 metres in WST-19-0142A; 53.1 g/t Au over 3.3 metres in OSK-W-19-1949-W1; 50.9 g/t Au over 2.5 metres in WST-19-0172; 14.5 g/t Au over 7.3 metres in WST-19-0132 and 50.0 g/t Au over 2.0 metres in OSK-W-19-1412-W3. Maps showing hole locations and full analytical results are available at www.osiskomining.com.

Surface Drilling

Hole No. From (m) To (m) Interval (m) Au (g/t) uncut Au (g/t)         cut to 100 g/t Zone Corridor
OSK-W-17-961 862.4 864.7 2.3 37.7   Lynx_333 Lynx
including 863.5 864.3 0.8 83.5
OSK-W-18-1746 694.9 697.0 2.1 25.3   Lynx_336 Lynx
OSK-W-19-1181-W7 965.2 967.6 2.4 7.93   Lynx_314 Lynx
OSK-W-19-1412-W3 733.0 735.0 2.0 50.0   Lynx_326 Lynx
including 734.3 735.0 0.7 98.9
OSK-W-19-1419-W1 668.0 671.9 3.9 9.13   Lynx_301 Lynx
including 670.0 671.0 1.0 24.5
OSK-W-19-1539-W1 468.2 471.8 3.6 104 22.8 Lynx_320 Lynx
including 471.3 471.8 0.5 687 100
OSK-W-19-1746-W1 783.2 786.3 3.1 4.38   Lynx_336 Lynx
OSK-W-19-1857-W1 1190.1 1192.3 2.2 5.37   Vein Lynx
including 1190.1 1190.9 0.8 13.5
OSK-W-19-1857-W3 1179.0 1181.0 2.0 38.8   Lynx_313 Lynx
including 1179.7 1181.0 1.3 59.6
  1193.6 1195.9 2.3 6.43   Lynx_313 Lynx
including 1193.6 1194.3 0.7 16.8
OSK-W-19-1889 207.7 210.0 2.3 7.82   Vein Carribou
OSK-W-19-1891 502.0 504.1 2.1 4.46   Lynx Lynx
including 503.6 504.1 0.5 18.2
OSK-W-19-1891-W1 472.0 475.0 3.0 7.18   Lynx Lynx
including 473.1 473.8 0.7 30.1
OSK-W-19-1891-W4 548.5 551.0 2.5 14.0   Lynx_315 Lynx
OSK-W-19-1903 394.6 397.4 2.8 6.18   Vein Caribou
including 395.5 396.4 0.9 16.9
OSK-W-19-1904 354.0 356.1 2.1 4.14   Caribou Caribou
including 354.6 355.1 0.5 10.0
  522.0 525.0 3.0 3.93   Z27_112 Zone 27
OSK-W-19-1917 465.0 467.0 2.0 3.62   Caribou_240 Caribou
OSK-W-19-1921-W2 1049.3 1052.2 2.9 5.88   Lynx 4 Lynx
OSK-W-19-1928 582.0 584.1 2.1 37.8   Lynx_326 Lynx
including 583.3 584.1 0.8 99.0
OSK-W-19-1942 884.0 886.0 2.0 6.66   Lynx_312 Lynx
including 884.5 885.0 0.5 17.4
OSK-W-19-1942-W2 398.5 400.5 2.0 9.48   Lynx_303 Lynx
including 398.5 399.5 1.0 18.9
  849.0 852.0 3.0 9.90   Lynx_313 Lynx
including 851.5 852.0 0.5 28.8
  857.2 859.4 2.2 15.2   Lynx_313 Lynx
including 857.8 858.7 0.9 35.9
  998.6 1003.4 4.8 6.89   Lynx Lynx
including 1003.0 1003.4 0.4 41.3
OSK-W-19-1943 106.5 108.5 2.0 5.46   Windfall Nord Windfall Nord
including 106.5 107.0 0.5 19.3
OSK-W-19-1949-W1 987.0 990.3 3.3 53.1 18.7 Lynx_317 Lynx
including 989.4 989.9 0.5 327 100
  1058.9 1060.9 2.0 20.2   Lynx_312 Lynx
including 1059.9 1060.9 1.0 40.2
OSK-W-19-1949-W2 701.0 704.1 3.1 7.88   Lynx Lynx
OSK-W-19-1950 32.3 34.6 2.3 38.9 13.5 Vein Windfall Nord
including 32.3 32.6 0.3 295 100
OSK-W-19-1954 61.6 64.4 2.8 27.8   Windfall Nord Windfall Nord
including 63.6 64.4 0.8 89.6
OSK-W-19-1958 690.7 693.0 2.3 12.9   Lynx Lynx
including 692.3 693.0 0.7 41.6
  970.3 977.3 7.0 7.94   Lynx_317 Lynx
including 972.1 972.5 0.4 27.9
OSK-W-19-1958-W1 975.4 977.8 2.4 8.50   Lynx_317 Lynx
  1028.0 1030.0 2.0 3.51   Lynx_313 Lynx
  1050.0 1052.5 2.5 8.31   Lynx_312 Lynx
  1075.3 1077.5 2.2 5.14   Lynx_312 Lynx
OSK-W-19-1958-W2 1001.3 1007.1 5.8 80.7 52.8 Lynx_317 Lynx
including 1002.7 1003.2 0.5 325 100
OSK-W-19-1966 90.0 92.0 2.0 4.69   Windfall Nord Windfall Nord
OSK-W-19-1969 315.0 317.0 2.0 3.09   Lynx Lynx
including 315.6 315.9 0.3 16.5
OSK-W-19-1971 135.0 137.4 2.4 3.28   Windfall Nord Windfall Nord
OSK-W-19-1978 454.0 456.0 2.0 12.1   Windfall Nord Windfall Nord
including 454.7 455.4 0.7 33.1
OSK-W-19-1982 158.7 161.9 3.2 10.6   Bobcat Bobcat
OSK-W-19-1991 852.1 854.3 2.2 5.27   Lynx_336 Lynx
OSK-W-19-1999 122.8 125.0 2.2 29.0 23.0 Bobcat Bobcat
including 122.8 123.3 0.5 127 100
OSK-W-19-2003 85.8 90.2 4.4 3.06   Bobcat Bobcat
OSK-W-19-2004 213.6 216.9 3.3 5.31   Bobcat Bobcat
including 216.0 216.9 0.9 15.6
OSK-W-19-2009 145.6 147.8 2.2 3.87   Bobcat Bobcat
  170.1 174.2 4.1 4.97   Bobcat Bobcat
including 170.1 172.0 1.9 8.25
OSK-W-19-2011 463.8 466.0 2.2 22.6   Lynx_301 Lynx
including 463.8 464.3 0.5 98.0
OSK-W-19-2012 303.0 307.2 4.2 52.3 50.5 Lynx_310 Lynx
including 306.0 306.5 0.5 115 100
OSK-W-19-2013 101.6 104.2 2.6 15.5   F11 F11
including 101.6 102.0 0.4 43.9
including 102.0 102.4 0.4 54.4
OSK-W-19-2015 698.5 700.5 2.0 32.9   Lynx_315 Lynx
including 699.2 699.8 0.6 57.2
  703.9 706.0 2.1 3.38   Lynx_315 Lynx
including 704.5 705.3 0.8 8.14
OSK-W-19-2020 68.0 70.0 2.0 9.10   Bobcat Bobcat
including 68.6 69.0 0.4 44.3
  166.0 168.0 2.0 7.22   Bobcat Bobcat
including 166.0 166.6 0.6 23.9
  185.0 187.0 2.0 5.61   Bobcat Bobcat
including 186.6 187.0 0.4 23.7
  190.0 192.0 2.0 3.14   Bobcat Bobcat
OSK-W-19-2023 158.0 160.0 2.0 37.2 25.6 Bobcat Bobcat
including 158.5 159.0 0.5 147 100
OSK-W-19-2025 112.9 115.4 2.5 7.24   Bobcat Bobcat
including 114.8 115.4 0.6 26.2
  243.6 246.1 2.5 6.88   Bobcat Bobcat
  254.0 256.0 2.0 3.71   Bobcat Bobcat
OSK-W-19-2032 685.5 687.6 2.1 3.25   Underdog Underdog
OSK-W-19-2033 79.0 81.5 2.5 13.5   Bobcat Bobcat
including 79.7 80.2 0.5 38.7
OSK-W-19-2035 505.7 508.0 2.3 4.55   Lynx_321 Lynx
including 506.4 507.0 0.6 17.0
OSK-W-19-2036 26.2 28.3 2.1 16.6   Bobcat Bobcat
including 26.2 26.8 0.6 55.6
OSK-W-19-2037 23.0 25.0 2.0 14.9   F11 F11
OSK-W-19-2038 23.7 26.1 2.4 18.2   Bobcat Bobcat
including 24.5 25.4 0.9 48.2
  63.0 65.0 2.0 22.9   Bobcat Bobcat
including 63.5 64.2 0.7 59.1
OSK-W-19-2046 146.0 148.1 2.1 3.84   F17 F17
including 146.0 146.7 0.7 10.5
OSK-W-19-2055 193.9 196.0 2.1 7.03   F51 F51
OSK-W-19-934-W4 840.0 842.6 2.6 4.60   Lynx 4 Lynx
including 840.8 841.6 0.8 14.3

 

Underground drilling

Hole No. From (m) To (m) Interval (m) Au (g/t) uncut Au (g/t)         cut to 100 g/t Zone Corridor
WST-19-0072 96.5 98.5 2.0 5.07   Z27_108 Zone 27
WST-19-0093 72.6 74.7 2.1 24.6   Lynx_311 Lynx
including 73.2 73.7 0.5 100 100
WST-19-0132 51.2 58.5 7.3 14.5 9.91 Lynx_308 Lynx
including 53.5 54.0 0.5 167 100
WST-19-0133 110.1 113.1 3.0 26.2 15.8 Lynx_306 Lynx
including 112.0 112.4 0.4 177.5 100
WST-19-0134 58.1 60.1 2.0 16.6   Lynx_308 Lynx
including 58.8 59.7 0.9 35.6
WST-19-0138 38.0 40.0 2.0 13.5   Lynx_311 Lynx
including 38.9 39.6 0.7 38.0
  50.0 52.0 2.0 45.9 18.0 Lynx_308 Lynx
including 50.4 50.7 0.3 286 100
WST-19-0142A 45.6 48.0 2.4 11.5   Lynx_311 Lynx
including 46.6 47.1 0.5 53.6
  54.5 58.0 3.5 9.86   Lynx_308 Lynx
  110.0 112.7 2.7 81.0 40.9 Lynx_304 Lynx
including 110.8 111.9 1.1 199 100
WST-19-0143 53.0 55.1 2.1 114 40.4 Lynx_311 Lynx
including 53.8 54.3 0.5 342 100
including 54.8 55.1 0.3 212 100
WST-19-0144 57.1 60.0 2.9 5.61   Lynx_308 Lynx
including 57.1 57.5 0.4 22.1
  68.6 70.8 2.2 9.42   Lynx_310 Lynx
including 70.5 70.8 0.3 28.4
WST-19-0151 34.0 36.0 2.0 30.4 20.9 Lynx_311 Lynx
including 35.2 35.6 0.4 148 100
  51.0 53.1 2.1 32.0 30.0 Lynx_308 Lynx
including 51.8 52.4 0.6 107 100
WST-19-0154 55.0 57.0 2.0 8.65   Lynx Lynx
including 56.0 56.5 0.5 33.5
  78.0 80.3 2.3 4.93   Lynx Lynx
including 79.3 79.8 0.5 21.3
  102.1 104.2 2.1 7.04   Lynx_304 Lynx
including 102.6 102.9 0.3 47.5
  106.2 109.0 2.8 12.8   Lynx_304 Lynx
including 106.2 106.9 0.7 46.7
WST-19-0155 96.7 100.0 3.3 4.67   Lynx Lynx
  104.5 107.0 2.5 5.79   Lynx Lynx
  112.0 114.0 2.0 3.04   Lynx Lynx
WST-19-0157 48.2 50.8 2.6 9.84   Lynx_311 Lynx
including 49.6 50.3 0.7 33.1
WST-19-0159 145.0 147.9 2.9 9.86   Z27_101 Zone 27
including 147.0 147.9 0.9 22.7
  166.0 168.0 2.0 3.93   Z27_115 Zone 27
WST-19-0160A 121.4 123.8 2.4 7.15   Z27_102 Zone 27
WST-19-0161A 49.0 52.0 3.0 5.70   Caribou_201 Caribou
including 51.0 51.4 0.4 21.3
WST-19-0164 50.0 52.0 2.0 6.85   Lynx_308 Lynx
including 50.6 50.9 0.3 45.1
  67.0 69.0 2.0 3.54   Lynx_310 Lynx
  72.0 74.0 2.0 14.0   Lynx_310 Lynx
including 72.3 72.9 0.6 43.3
  79.6 82.0 2.4 8.98   Lynx_310 Lynx
including 79.6 80.5 0.9 22.3
  88.0 90.0 2.0 30.3   Lynx_304 Lynx
including 88.6 89.2 0.6 59.7
WST-19-0165A 57.0 59.0 2.0 9.81   Lynx_310 Lynx
including 58.0 59.0 1.0 18.4
  63.0 65.0 2.0 10.6   Lynx_310 Lynx
  84.0 86.0 2.0 4.56   Lynx_304 Lynx
WST-19-0167 51.0 53.0 2.0 15.1   Lynx_308 Lynx
including 51.4 51.9 0.5 57.2
  57.0 59.0 2.0 8.55   Lynx_308 Lynx
  64.9 69.2 4.3 20.7   Lynx_310 Lynx
including 66.6 67.0 0.4 64.1
  87.1 90.0 2.9 89.2 57 Lynx_304 Lynx
including 87.4 88.2 0.8 217 100
WST-19-0168 44.6 46.8 2.2 6.94   Lynx_308 Lynx
including 45.4 45.8 0.4 28.5
  63.5 65.5 2.0 14.8   Lynx_310 Lynx
including 64.2 64.7 0.5 58.4
  73.0 75.0 2.0 5.66   Lynx Lynx
  87.9 90.0 2.1 151 76.9 Lynx_304 Lynx
including 87.9 88.6 0.7 198 100
including 88.6 89.5 0.9 197 100
WST-19-0169 42.9 45.0 2.1 6.30   Lynx_308 Lynx
including 42.9 43.3 0.4 31.1
  53.0 55.0 2.0 12.0   Lynx_308 Lynx
including 54.0 54.5 0.5 47.6
  98.0 100.8 2.8 16.7   Lynx_304 Lynx
including 99.5 100.0 0.5 90.5
WST-19-0170 47.0 50.0 3.0 2.23   Lynx_308 Lynx
  65.0 67.6 2.6 9.74   Lynx_310 Lynx
including 67.1 67.6 0.5 50.5
  79.5 81.5 2.0 5.46   Lynx_305 Lynx
including 81.0 81.5 0.5 21.0
  127.0 129.8 2.8 5.50   Lynx Lynx
including 128.5 129.8 1.3 11.8
WST-19-0172 71.0 73.5 2.5 50.9 22.3 Lynx_310 Lynx
including 71.4 71.9 0.5 243 100
  76.6 78.9 2.3 32.4   Lynx_305 Lynx
including 77.0 77.4 0.4 85.5
including 78.5 78.9 0.4 96.3
  86.6 89.3 2.7 22.7   Lynx_304 Lynx
including 87.6 88.5 0.9 43.5
  90.9 93.0 2.1 4.09   Lynx_304 Lynx
including 92.5 93.0 0.5 12.1
WST-19-0177 91.0 93.1 2.1 9.13   Lynx Lynx
including 92.0 92.4 0.4 43.9
  100.3 104.0 3.7 6.31   Lynx Lynx
  106.0 110.0 4.0 4.67   Lynx Lynx
WST-19-0178 87.8 90.0 2.2 9.82   Lynx_316 Lynx
including 88.4 89.1 0.7 26.9
WST-19-0179 34.0 36.0 2.0 36.2   Lynx_311 Lynx
including 34.8 35.6 0.8 89.6
  39.0 41.0 2.0 3.01   Lynx_311 Lynx
  57.0 59.0 2.0 3.43   Lynx Lynx
  81.3 83.9 2.6 10.9   Lynx_305 Lynx
including 83.4 83.9 0.5 35.0
WST-19-0180 89.4 91.6 2.2 3.62   Lynx_305 Lynx
WST-19-0181 35.9 38.0 2.1 3.91   Lynx_311 Lynx
including 36.3 36.8 0.5 16.0
  118.8 121.0 2.2 14.1   Lynx Lynx
including 119.1 119.6 0.5 54.8
WST-19-0182 38.0 40.0 2.0 33.3   Lynx_311 Lynx
including 39.2 40.0 0.8 83.1

Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below.

 

Surface Drilling

Hole Number Azimuth (°) Dip (°) Length (m) UTM E UTM N Elevation Section
OSK-W-17-961 141 -54 1185 453438 5435479 401 3825
OSK-W-18-1746 142 -53 882 453280 5435389 405 3650
OSK-W-19-1181-W7 133 -58 1113 453789 5435790 401 4275
OSK-W-19-1412-W3 133 -51 800 453684 5435676 401 4125
OSK-W-19-1419-W1 137 -49 906 453453 5435560 408 3875
OSK-W-19-1539-W1 145 -52 1184 453374 5435448 402 3750
OSK-W-19-1746-W1 142 -53 840 453280 5435389 405 3650
OSK-W-19-1857-W1 108 -58 1455 453525 5435704 405 4000
OSK-W-19-1857-W3 108 -58 1280 453525 5435704 405 4000
OSK-W-19-1889 327 -57 528 452452 5434398 399 2425
OSK-W-19-1891 135 -52 600 453514 5435470 399 3875
OSK-W-19-1891-W1 135 -52 585 453514 5435470 399 3875
OSK-W-19-1891-W4 135 -52 666 453514 5435470 399 3875
OSK-W-19-1903 330 -60 564 452470 5434383 397 2450
OSK-W-19-1904 328 -50 624 452627 5434705 400 2750
OSK-W-19-1917 329 -57 600 452555 5434363 400 2500
OSK-W-19-1921-W2 112 -52 1080 453502 5435488 399 3875
OSK-W-19-1928 329 -72 654 454120 5435104 396 4225
OSK-W-19-1942 128 -54 930 453315 5435390 403 3675
OSK-W-19-1942-W2 128 -54 1056 453315 5435390 403 3675
OSK-W-19-1943 340 -47 297 452241 5435078 406 2575
OSK-W-19-1949-W1 105 -57 1071 453440 5435479 401 3825
OSK-W-19-1949-W2 105 -57 1127 453440 5435479 401 3825
OSK-W-19-1950 343 -46 228 452167 5435110 406 2525
OSK-W-19-1954 339 -52 246 452256 5435146 409 2625
OSK-W-19-1958 111 -52 1065 453429 5435574 412 3850
OSK-W-19-1958-W1 111 -52 1104 453429 5435574 412 3850
OSK-W-19-1958-W2 111 -52 1158 453429 5435574 412 3850
OSK-W-19-1966 343 -52 195 452091 5435139 405 2475
OSK-W-19-1969 164 -51 336 452832 5434947 405 3025
OSK-W-19-1971 343 -46 147 452134 5435132 406 2525
OSK-W-19-1978 341 -48 490 452479 5435006 404 2750
OSK-W-19-1982 163 -53 363 452974 5435016 407 3200
OSK-W-19-1991 358 -46 1266 453561 5434348 399 3375
OSK-W-19-1999 319 -45 213 452756 5434973 406 2975
OSK-W-19-2003 330 -47 186 452838 5435025 407 3075
OSK-W-19-2004 323 -47 252 452924 5434976 406 3150
OSK-W-19-2009 169 -49 288 452947 5435015 409 3175
OSK-W-19-2011 150 -47 492 453465 5435434 399 3825
OSK-W-19-2012 359 -69 321 453480 5435041 396 3650
OSK-W-19-2013 149 -45 201 452491 5435887 406 3200
OSK-W-19-2015 132 -50 780 453480 5435590 410 3925
OSK-W-19-2020 163 -45 294 452728 5434929 407 2925
OSK-W-19-2023 157 -49 243 452825 5434979 406 3050
OSK-W-19-2025 157 -51 276 452977 5435034 408 3200
OSK-W-19-2032 360 -48 909 451949 5434310 404 1950
OSK-W-19-2033 307 -49 174 453007 5435075 411 3250
OSK-W-19-2035 134 -51 780 453421 5435433 400 3775
OSK-W-19-2036 316 -46 153 452726 5435005 410 2975
OSK-W-19-2037 308 -45 183 452433 5435767 408 3075
OSK-W-19-2038 322 -46 111 452690 5435002 411 2925
OSK-W-19-2046 150 -54 255 452725 5435638 404 3275
OSK-W-19-2055 337 -46 291 453609 5435710 404 4075
OSK-W-19-934-W4 144 -55 1155 453407 5435463 401 3800

 

 

 

Underground drilling

Hole Number Azimuth (°) Dip (°) Length (m) UTM E UTM N Elevation Section
WST-19-0072 120 22 138 452158 5434858 243 2400
WST-19-0093 123 -13 121 453219 5435116 223 3450
WST-19-0132 143 16 129 453252 5435110 207 3475
WST-19-0133 154 27 129 453252 5435110 206 3475
WST-19-0134 154 14 127 453251 5435110 207 3475
WST-19-0138 136 3 120 453268 5435108 206 3500
WST-19-0142A 136 -30 123 453268 5435108 205 3500
WST-19-0143 134 -38 135 453266 5435107 205 3500
WST-19-0144 128 2 123 453268 5435109 206 3500
WST-19-0151 152 -16 73 453290 5435116 205 3525
WST-19-0154 175 26 124 453288 5435116 206 3525
WST-19-0155 124 -32 137 453268 5435108 205 3500
WST-19-0157 164 -47 103 453289 5435116 204 3525
WST-19-0159 296 -59 183 452234 5434710 207 2400
WST-19-0160A 324 -49 225 452234 5434710 208 2400
WST-19-0161A 311 -38 132 452234 5434710 208 2400
WST-19-0164 138 -7 130 453290 5435116 205 3525
WST-19-0165A 130 -15 127 453290 5435116 205 3525
WST-19-0167 138 -15 124 453290 5435116 205 3525
WST-19-0168 127 -26 112 453291 5435116 204 3525
WST-19-0169 122 -6 139 453291 5435116 205 3525
WST-19-0170 117 -16 139 453291 5435116 205 3525
WST-19-0172 117 -29 148 453291 5435116 204 3525
WST-19-0177 119 5 112 453291 5435116 205 3525
WST-19-0178 125 12 118 453291 5435116 206 3525
WST-19-0179 182 -21 102 453272 5435107 183 3500
WST-19-0180 186 -11 100 453272 5435107 183 3500
WST-19-0181 158 -23 130 453273 5435108 183 3500
WST-19-0182 194 -21 114 453271 5435107 183 3500

 

 

 

OSK-W-17-961 intersected 37.7 g/t Au over 2.3 metres in Lynx. Mineralization consists of up to 5% pyrite in stringers, clusters and disseminated, and up to 2% quartz-tourmaline veins at the contact between a moderate fuchsite altered gabbro and a strong sericite altered rhyolite.

 

OSK-W-18-1746 intersected 25.3 g/t Au over 2.1 metres in Lynx. Mineralization consists of up to 4% pyrite stringers and up to 10% quartz-tourmaline veins within a moderate sericite altered felsic porphyritic intrusion.

 

OSK-W-19-1181-W7 intersected 7.93 g/t Au over 2.4 metres in Lynx. Mineralization consists of up to 7% disseminated and stringer pyrite and trace chalcopyrite associated with quartz-tourmaline veins within moderate sericite, silica and fuchsite altered gabbro.

 

OSK-W-19-1412-W3 intersected 50.0 g/t Au over 2.0 metres in Lynx. Mineralization consists of 5% pyrite stringers and 1% ptygmatic tourmaline veins within a moderate sericite altered felsic intrusion.

 

OSK-W-19-1419-W1 intersected 9.13 g/t Au over 3.9 metres in Lynx. Mineralization consists of 5% disseminated and stringer pyrite hosted in a moderate silica altered rhyolite.

 

OSK-W-19-1539-W1 intersected 104 g/t Au over 3.6 metres in Lynx. Mineralization consists of local visible gold, 10% disseminated pyrite with strong pervasive silica alteration and quartz-tourmaline veins hosted in a strong silica, sericite and fuchsite altered rhyolite.

 

OSK-W-19-1746-W1 intersected 4.38 g/t Au over 3.1 metres in Lynx. Mineralization consists of 10% quartz-tourmaline veins and disseminated pyrite within a strong sericite altered andesite.

 

OSK-W-19-1857-W1 intersected 5.37 g/t Au over 2.2 metres in Lynx. Mineralization consists of up to 2% pyrite clusters within a quartz vein and quartz-tourmaline veins hosted in a moderate fuchsite, weak silica and sericite altered gabbro.

 

OSK-W-19-1857-W3 intersected two intervals in Lynx: 38.8 g/t Au over 2.0 metres and 6.43 g/t Au over 2.3 metres. The first interval contains 4% pyrite stringers and clusters and quartz-tourmaline veins hosted in a strong silica altered rhyolite. The second interval contains local visible gold associated with a smoky quartz vein and 4% pyrite clusters in a moderate sericite altered gabbro.

 

OSK-W-19-1889 intersected 7.82 g/t Au over 2.3 metres in Caribou. Mineralization consists of 2% disseminate pyrite and crustiform quartz-tourmaline veins within a weak sericite altered gabbro.

 

OSK-W-19-1891 intersected 4.46 g/t Au over 2.1 metres in Lynx. Mineralization consists of 5% disseminated pyrite and quartz veins hosted in a moderate sericite, chlorite gabbro.

 

OSK-W-19-1891-W1 intersected 7.18 g/t Au over 3.0 metres in Lynx. Mineralization consists of 2% pyrite stringers and disseminated pyrite within a quartz vein hosted in a moderate sericite and weak silica altered fragmental felsic intrusion.

 

OSK-W-19-1891-W4 intersected 14.0 g/t Au over 2.5 metres in Lynx. Mineralization consists of 7% pyrite stringers and clusters associated with pervasive silica flooding hosted in a moderate sericite and fuchsite altered gabbro.

 

OSK-W-19-1903 intersected 6.18 g/t Au over 2.8 metres in Caribou. Mineralization consists of 1% disseminated pyrite hosted in a weak sericite and silica altered contact between a rhyolite and a porphyritic felsic intrusion.

 

OSK-W-19-1904 intersected two intervals: 4.14 g/t Au over 2.1 metres in Caribou and 3.93 g/t Au over 3.0 metres in Zone 27. The first interval contains 25% pyrite stringers and clusters within a weak sericite and silica altered rhyolite. The second interval contains 1% disseminate and stringer pyrite within a weak sericite and silica altered porphyritic felsic intrusion.

 

OSK-W-19-1917 intersected 3.62 g/t Au over 2.0 metres in Caribou. Mineralization consists of up to 30% semi-massive pyrite within a strong sericite and carbonate altered andesite.

 

OSK-W-19-1921-W2 intersected 5.88 g/t Au over 2.9 metres in Lynx. Mineralization consists of up to 10% disseminated pyrite in quartz-tourmaline veins, tourmaline stringers, and pyrite clusters hosted in a moderate silica altered rhyolite.

 

OSK-W-19-1928 intersected 37.8 g/t Au over 2.1 metres in Lynx. Mineralization consists of 1% pyrite stringers hosted in a moderate fuchsite and chlorite altered fragmental felsic intrusion.

 

OSK-W-19-1942 intersected 6.66 g/t Au over 2.0 metres in Lynx. Mineralization consists of trace disseminated and stringer pyrite within a moderate sericite and weak silica altered rhyolite.

 

OSK-W-19-1942-W2 intersected four intervals in Lynx: 9.48 g/t Au over 2.0 metres, 9.90 g/t Au over 3.0 metres, 15.2 g/t Au over 2.2 metres and 6.89 g/t Au over 4.8 metres. The first interval contains 3% pyrite clusters and stringers at the contact between a moderate sericite altered felsic porphyritic intrusion and a moderate chlorite and fuchsite altered gabbro. The second interval contains 15% pyrite, 1% galena, 1% chalcopyrite and trace sphalerite within a weak fuchsite, carbonate and sericite altered rhyolite. The third interval is composed of local visible gold, up to 20% pyrite, trace galena, molybdenite, chalcopyrite and sphalerite hosted in weak sericite altered rhyolite. The last interval contains up to 5% disseminated pyrite and stringers, and smoky quartz veins within a moderate sericite and silica altered gabbro.

 

OSK-W-19-1943 intersected 5.46 g/t Au over 2.0 metres in Windfall North. Mineralization consists of up to 10% disseminated pyrite and clusters, trace chalcopyrite and crustiform quartz-carbonate veins within a moderate sericite altered porphyritic felsic intrusion.

 

OSK-W-19-1949-W1 intersected two intervals in Lynx: 53.1 g/t Au over 3.3 metres and 20.2 g/t Au over 2.0 metres. The first interval contains local visible gold and native silver within pervasive silica flooding, 5% pyrite stringers and 2% pyrite clusters hosted in a strong sericite and silica altered rhyolite. The second interval is composed of 1% disseminated and stringer pyrite within a weak sericite altered rhyolite.

 

OSK-W-19-1949-W2 intersected 7.88 g/t Au over 3.1 metres in Lynx. Mineralization consists of trace pyrite clusters hosted in a strong sericite and moderate silica altered rhyolite.

 

OSK-W-19-1950 intersected 38.9 g/t Au over 2.3 metres in Windfall North. Mineralization consists of local visible gold, 3% disseminated pyrite and 5% pyrites clusters with quartz-carbonate veins hosted in a moderate silica altered felsic intrusion.

 

OSK-W-19-1954 intersected 27.8 g/t Au over 2.8 metres in Windfall North. Mineralization consists of up to 10% fine disseminated pyrite and quartz-carbonate veins within a strong sericite altered rhyolite.

 

OSK-W-19-1958 intersected two intervals in Lynx: 12.9 g/t Au over 2.3 metres and 7.94 g/t Au over 7.0 metres. Mineralization in both intervals consists of local visible gold, 3% pyrite stringers with pervasive silica flooding and quartz-tourmaline veins hosted in moderate sericite fragmental felsic intrusion.

 

OSK-W-19-1958-W1 intersected four intervals in Lynx: 8.50 g/t Au over 2.4 metres, 3.51 g/t Au over 2.0 metres, 8.31 g/t Au over 2.5 metres and 5.14 g/t Au over 2.2 metres. The first interval contains up to 8% disseminated pyrite, stringers and clusters hosted at the contact between a fuchsite altered gabbro and a felsic intrusion. The second interval is composed of trace pyrite stringers within a strong chlorite altered rhyolite. The third interval contains up to 2% pyrite stringers within a weak sericite altered rhyolite. The last interval contains up to 7% pyrite stringers hosted in a strong carbonate and weak sericite altered felsic porphyritic intrusion.

 

OSK-W-19-1958-W2 intersected 80.7 g/t Au over 5.8 metres in Lynx. Mineralization consists of local visible gold in fracture filling, 8% pyrite clusters and stringers, trace chalcopyrite and sphalerite, quartz-tourmaline at the contact between a strong silica and fuchsite altered gabbro with a strong sericite altered rhyolite.

 

OSK-W-19-1966 intersected 4.69 g/t Au over 2.0 metres in Windfall North. Mineralization consists of 1% pyrite clusters within a moderate fuchsite altered and bleached rhyolite.

 

OSK-W-19-1969 intersected 3.09 g/t Au over 2.0 metres in Lynx. Mineralization consists of local visible gold associated with pervasive silica flooding and up to 5% fine disseminated pyrite hosted in a moderate sericite altered gabbro.

 

OSK-W-19-1971 intersected 3.28 g/t Au over 2.4 metres in Windfall North. Mineralization consists of 7% pyrite stringers and quartz-tourmaline veins hosted in a moderate silica, carbonate and sericite altered gabbro.

 

OSK-W-19-1978 intersected 12.1 g/t Au over 2.0 metres in Windfall North. Mineralization consists of 5% fine disseminated pyrite and stringers, trace chalcopyrite and 3% quartz-carbonate veins hosted in a moderate chlorite altered and bleached andesite.

 

OSK-W-19-1982 intersected 10.6 g/t Au over 3.2 metres in Bobcat. Mineralization consists of local visible gold, up to 6% pyrite with quartz-carbonates veins and ptygmatic tourmaline veins hosted in a weak sericite and silica altered porphyritic felsic intrusion.

 

OSK-W-19-1991 intersected 5.27 g/t Au over 2.2 metres in Lynx. Mineralization consists of 3% pyrite and trace sphalerite associated with pervasive silica flooding, smoky quartz veins and pyrite-tourmaline stringers hosted in a moderate sericite and weak silica altered felsic porphyritic intrusion.

 

OSK-W-19-1999 intersected 29.0 g/t Au over 2.2 metres in Bobcat. Mineralization consists of up to 15% semi-massive pyrite and ptygmatic tourmaline veins within a moderate silica altered rhyolite.

 

OSK-W-19-2003 intersected 3.06 g/t Au over 4.4 metres in Bobcat. Mineralization consists of 6% disseminated and stringer pyrite associated with quartz-tourmaline veins hosted in a moderate fuchsite altered gabbro.

 

OSK-W-19-2004 intersected 5.31 g/t Au over 3.3 metres in Bobcat. Mineralization consists of 2% pyrite stringers and quartz-carbonate veins hosted in a moderate sericite and weak fuchsite altered gabbro.

 

OSK-W-19-2009 intersected two intervals in Bobcat: 3.87 g/t Au over 2.2 metres and 4.97 g/t Au over 4.1 metres. Both intervals are composed of 3% pyrite stringers and quartz-tourmaline veins hosted in a moderate sericite and fuchsite altered gabbro.

 

OSK-W-19-2011 intersected 22.6 g/t Au over 2.2 metres in Lynx. Mineralization consists of local visible gold and 2% fine disseminated pyrite hosted in a strong fuchsite altered felsic intrusion.

 

OSK-W-19-2012 intersected 52.3 g/t Au over 4.2 metres in Lynx. Mineralization consists of local visible gold with pyrite-silica flooding and 1% pyrite clusters hosted in a moderate silica and sericite altered felsic intrusion.

 

OSK-W-19-2013 intersected 15.5 g/t Au over 2.6 metres in F11. Mineralization consists of local visible gold, up to 2% disseminated pyrite and quartz-carbonate veins hosted in a weak carbonate altered andesite.

 

OSK-W-19-2015 intersected two intervals in Lynx: 32.9 g/t Au over 2.0 metres and 3.38 g/t Au over 2.1 metres. The first interval contains up to 3% pyrite, 1% chalcopyrite and ptygmatic tourmaline veins within a strong silica, chlorite, and fuchsite altered andesite. The second interval is composed of 1% pyrite stringers hosted in a moderate sericite and chlorite altered andesite.

 

OSK-W-19-2020 intersected four intervals in Bobcat: 9.10 g/t Au over 2.0 metres, 7.22 g/t Au over 2.0 metres, 5.61 g/t Au over 2.0 metres and 3.14 g/t Au over 2.0 metres. The first interval contains trace disseminated pyrite within a moderate sericite altered porphyritic felsic intrusion. The second interval contains up to 10% pyrite stringers within a moderate sericite and weak silica altered porphyritic felsic intrusion. The third interval is composed of 10% pyrite stringers in stockwork and pyrite-silica flooding within a string silica altered porphyritic felsic intrusion. The last interval contains 1% pyrite stringers at the contact between a gabbro and a felsic intrusion.

 

OSK-W-19-2023 intersected 37.2 g/t Au over 2.0 metres in Bobcat. Mineralization consists of up to 3% pyrite stringers hosted at the contact between a weak sericite altered felsic intrusion and a chloritized gabbro.

 

OSK-W-19-2025 intersected three intervals in Bobcat: 7.24 g/t Au over 2.5 metres, 6.88 g/t Au over 2.5 metres and 3.71 g/t Au over 2.0 metres. The first interval contains 10% pyrite stringers and clusters hosted in a moderate silica altered rhyolite. The second interval contains 10% pyrite clusters and stringers within a weak sericite altered porphyritic felsic intrusion. The last interval consists of up to 3% pyrite clusters and quartz-tourmaline veins within a weak sericite and a strong silica altered porphyritic felsic intrusion.

 

OSK-W-19-2032 intersected 3.25 g/t Au over 2.1 metres in Underdog. Mineralization consists of up to 10% pyrite stringers and clusters and quartz-tourmaline veins hosted in a weak sericite altered porphyritic felsic intrusion.

 

OSK-W-19-2033 intersected 13.5 g/t Au over 2.5 metres in Bobcat. Mineralization consists of 3% pyrite stringers and clusters with quartz-tourmaline veins hosted in a weak sericite altered fragmental felsic rhyolite.

 

OSK-W-19-2035 intersected 4.55 g/t Au over 2.3 metres in Lynx. Mineralization consists of 3% disseminated pyrite and quartz-tourmaline veins hosted in a weak sericite and silica altered fragmental felsic intrusion.

 

OSK-W-19-2036 intersected 16.6 g/t Au over 2.1 metres in Bobcat. Mineralization consists of local visible gold and native silver, 5% pyrite stringers, 2% chalcopyrite, and quartz-tourmaline crustiform veins hosted in a moderate sericite and weak fuchsite altered gabbro.

 

OSK-W-19-2037 intersected 14.9 g/t Au over 2.0 metres in F11. Mineralization consists of 5% fine disseminated pyrite within a moderated chlorite altered andesite.

 

OSK-W-19-2038 intersected two intervals in Bobcat: 18.2 g/t Au over 2.4 metres and 22.9 g/t Au 2.0 metres. The first interval contains 3% disseminated pyrite and stringers with quartz-carbonate veins hosted in a weak sericite and fuchsite altered gabbro.

 

OSK-W-19-2046 intersected 3.84 g/t Au over 2.1 metres in F17. Mineralization consists of 2% fine disseminated and stringer pyrite with quartz-tourmaline veins hosted in a weak sericite and chlorite altered andesite at the contact of a small hematized monzonite Red Dog-type intrusion.

 

OSK-W-19-2055 intersected 7.03 g/t Au over 2.1 metres in F51. Mineralization consists of up to 6% disseminated pyrite, 2% pyrite clusters and pervasive pyrite-silica flooding hosted in a moderate silica altered porphyritic felsic intrusion.

 

OSK-W-19-934-W4 intersected 4.60 g/t Au over 2.6 metres in Lynx. Mineralization consists of 2% disseminated and stringer pyrite within a weak sericite, chlorite and fuchsite altered rhyolite.

 

WST-19-0072 intersected 5.07 g/t Au over 2.0 metres in Zone 27. Mineralization consists of up to 10% pyrite stringers hosted in a weak sericite altered rhyolite. WST-19-0072 was drilled from underground drill station BF-160-150-S located 160 metres below surface from section 2400E.

 

WST-19-093 intersected 24.6 g/t Au over 2.1 metres in Lynx. Mineralization consists of 1% pyrite stringers with pyrite-silica flooding hosted in a strong silica, moderate sericite and weak fuchsite altered fragmental felsic intrusion. WST-19-093 was drilled from underground drill station RA-180-190-E located 180 metres below surface from section 3450E.

 

WST-19-0132 intersected 14.5 g/t Au over 7.3 metres in Lynx. Mineralization consists of local visible gold, 3% pyrite clusters associated with pyrite-silica flooding hosted in a strong silica and moderate fuchsite altered fragmental felsic intrusion. WST-19-0132 was drilled from underground drill station RE-195-265-O located 195 metres below surface from section 3475E.

 

WST-19-0133 intersected 26.2 g/t Au over 3.0 metres in Lynx. Mineralization consists of local visible gold, up to 10% pyrite clusters and stringers within a strong silica and fuchsite altered felsic intrusion. WST-19-0133 was drilled from underground drill station RE-195-265-O located 195 metres below surface from section 3475E.

 

WST-19-0134 intersected 16.6 g/t Au over 2.0 metres in Lynx. Mineralization consists of local visible gold, 2% pyrite clusters and stringers, trace sphalerite associated with pyrite-silica flooding, hosted in a moderate sericite altered felsic intrusion. WST-19-0134 was drilled from underground drill station RE-195-265-O located 195 metres below surface from section 3475E.

 

WST-19-0138 intersected two interval in Lynx: 13.5 g/t Au over 2.0 metres and 45.9 g/t Au over 2.0 metres. The first interval contains 2% disseminated pyrite and quartz veins within a moderate sericite and silica altered felsic intrusion. The second interval contains local visible gold, 2% disseminated pyrite and trace sphalerite associate with pyrite-silica flooding and hosted in a strong silica, sericite and fuchsite altered fragmental felsic intrusion. WST-19-0138 was drilled from underground drill station AN-195-265-S located 195 metres below surface from section 3500E.

 

WST-19-0142A intersected three intervals in Lynx: 11.5 g/t Au over 2.4 metres, 9.86 g/t Au over 3.5 metres and 81.0 g/t Au over 2.7 metres. The first interval contains 6% disseminated pyrite and quartz-tourmaline veins within a strong pervasive silica altered rhyolite. The second interval is composed of up to 6% pyrite stringers within a strong silica altered rhyolite. The third interval contains local visible gold, 6% disseminated and stringer pyrite within a strong silica altered rhyolite. WST-19-0142A was drilled from underground drill station AN-195-265-S located 195 metres below surface from section 3500E.

 

WST-19-0143 intersected 114 g/t Au over 2.1 metres in Lynx. Mineralization contains local visible gold associated with pyrite-silica flooding, up to 3% pyrite stringers and trace sphalerite within a strong silica, sericite and fuchsite altered rhyolite. WST-19-0143 was drilled from underground drill station AN-195-265-S located 195 metres below surface from section 3500E.

 

WST-19-0144 intersected two intervals in Lynx: 5.61 g/t Au over 2.9 metres and 9.42 g/t Au over 2.2 metres. The first interval contains local visible gold and 15% pyrite stringers within a strong silica altered fragmental felsic intrusion. The second interval contains local visible gold, 5% fine disseminated pyrite hosted in a strong pervasive silica altered fragmental intrusion. WST-19-0144 was drilled from underground drill station AN-195-265-S located 195 metres below surface from section 3500E.

 

WST-19-0151 intersected two intervals in Lynx: 30.4 g/t Au over 2.0 metres and 32.0 g/t Au over 2.1 metres. The first interval contains 20% pyrite and 1% sphalerite associated with pyrite-silica flooding, hosted in a moderate silica altered fragmental felsic intrusion. The second interval contains local visible gold, 5% disseminated pyrite and quartz veins at the contact between a moderate silica altered felsic intrusion with a strong silica altered rhyolite. WST-19-0151 was drilled from underground drill station BM-200-285-S located 200 metres below surface from section 3525E.

 

WST-19-0154 intersected four intervals in Lynx: 8.65 g/t Au over 2.0 metres, 4.93 g/t Au over 2.3 metres, 7.04 g/t Au over 2.1 metres and 12.8 g/t Au over 2.8 metres. The first interval contains 2% pyrite stringers at the contact between a moderate sericite, weak silica and fuchsite altered gabbro with a fragmental felsic intrusion. The second interval is composed of 10% pyrite-silica flooding within a moderate silica and weak sericite altered fragmental felsic intrusion. The third interval contains up to 10% pyrite-silica flooding and quartz veins hosted at the contact between a fragmental felsic intrusion and a porphyritic felsic intrusion. The last interval contains local visible gold and 10% pyrite-silica flooding within a porphyritic felsic intrusion. WST-19-0154 was drilled from underground drill station BM-200-285-S located 200 metres below surface from section 3525E.

 

WST-19-0155 intersected three intervals in Lynx: 4.67 g/t Au over 3.3 metres, 5.79 g/t Au over 2.5 metres and 3.04 g/t Au over 2.0 metres. The first interval contains 3% disseminated pyrite in a weak sericite altered rhyolite. The second interval is composed of 3% pyrite stringers in a weak sericite altered rhyolite. The third interval is composed of 1% pyrite stringers and up to 15% quartz-tourmaline veins within a moderate chlorite and weak sericite altered rhyolite. WST-19-0155 was drilled from underground drill station RE-195-265-O located 185 metres below surface from section 3500E.

 

WST-19-0157 intersected 9.84 g/t Au over 2.6 metres in Lynx. Mineralization consists of local visible gold, 10% disseminated pyrite and trace sphalerite within a strong silica altered rhyolite. WST-19-0157 was drilled from underground drill station BM-200-285-S located 200 metres below surface from section 3525E.

 

WST-19-0159 intersected two intervals in Zone 27: 9.86 g/t Au over 2.9 metres and 3.93 g/t Au over 2.0 metres. The first interval contains fine disseminated pyrite and stringers within a moderately bleached felsic intrusion. The second interval contains 5% disseminated and stringer pyrite within a moderate sericite altered andesite. WST-19-0159 was drilled from underground drill station AN-195-225-E located 195 metres below surface from section 2400E.

 

WST-19-0160A intersected 7.15 g/t Au over 2.4 metres in Zone 27. Mineralization consists of up to 5% disseminated pyrite within a moderate sericite and weak silica altered andesite. WST-19-0160A was drilled from underground drill station AN-195-225-E located 195 metres below surface from section 2400E.

 

WST-19-0161A intersected 5.70 g/t Au over 3.0 metres in Caribou. Mineralization consists of 3% disseminated pyrite and quartz veins within a moderate sericite altered andesite. WST-19-0161A was drilled from underground drill station AN-195-225-E located 195 metres below surface from section 2400E.

 

WST-19-0164 intersected five intervals in Lynx: 6.85 g/t Au over 2.0 metres, 3.54 g/t Au over 2.0 metres, 14.0 g/t Au over 2.0 metres, 8.98 g/t Au over 2.4 metres and 30.3 g/t Au over 2.0 metres. The first interval contains up to 3% disseminated pyrite and ptygmatic quartz-tourmaline veins within a moderate sericite altered felsic intrusion. The second and third intervals are composed of 5% fine disseminated pyrite and stringers associated with pyrite-silica flooding and hosted in a moderate sericite altered rhyolite. The fourth interval contains fine trace pyrite and ptygmatic tourmaline veins within a moderate sericite and chlorite altered rhyolite. The last interval consists of local visible gold and fine pyrite in pyrite-silica flooding hosted in a strong silica and moderate fuchsite altered rhyolite. WST-19-0168 was drilled from underground drill station BM-200-285-S located 200 metres below surface from section 3525E.

 

WST-19-0165A intersected three intervals in Lynx: 9.81 g/t Au over 2.0 metres, 10.6 g/t Au over 2.0 metres, and 4.56 g/t Au over 2.0 metres. The first two intervals contain 1% pyrite clusters within a moderate sericite and weak silica altered fragmental intrusion. The last interval is composed of 3% fine disseminated pyrite associated with pyrite-silica flooding hosted in a moderate sericite altered felsic intrusion. WST-19-0165A was drilled from underground drill station BM-200-285-S located 200 metres below surface from section 3525E.

 

WST-19-0167 intersected four intervals in Lynx: 15.1 g/t Au over 2.0 metres, 8.55 g/t Au over 2.0 metres, 20.7 g/t Au over 4.3 metres and 89.2 g/t Au over 2.9 metres. The first interval contains up to 3% disseminated pyrite and smoky quartz veins within a strong silica altered fragmental felsic intrusion. The second interval contains 1% pyrite clusters within a moderate sericite altered fragmental felsic intrusion. The third interval is composed of local visible gold, up to 5% disseminated, clustered and stringer pyrite associated with pervasive pyrite-silica flooding hosted in moderate sericite and silica altered rhyolite. The last interval contains local visible gold, 10% disseminated pyrite and quartz-carbonate veins within a moderate sericite and silica altered felsic intrusion. WST-19-0167 was drilled from underground drill station BM-200-285-S located 200 metres below surface from section 3525E.

 

WST-190168 intersected four intervals in Lynx: 6.94 g/t Au over 2.2 metres, 14.8 g/t Au over 2.0 metres, 5.66 g/t Au over 2.0 metres and 151 g/t Au over 2.1 metres. The first interval contains 3% disseminated pyrite and ptygmatic tourmaline veins within a moderate sericite altered felsic intrusion. The second interval contains 5% disseminated pyrite and stringers within a moderate sericite altered rhyolite. The third interval contains trace disseminated pyrite and ptygmatic tourmaline vein within a moderate sericite, carbonate and silica altered rhyolite. The last interval is composed of local visible gold and native silver associated with pervasive pyrite-silica flooding and quartz veins hosted in a moderate sericite, silica and fuchsite altered porphyritic felsic intrusion. WST-19-0168 was drilled from underground drill station BM-200-285-S located 200 metres below surface from section 3525E.

 

WST-19-0169 intersected three intervals in Lynx: 6.30 g/t Au over 2.1 metres, 12.0 g/t Au over 2.0 metres and 16.7 g/t Au over 2.8 metres. The first interval contains 5% disseminated pyrite within a felsic fragmental intrusion. The second interval is composed of local visible gold associated with pervasive pyrite-silica flooding and 10% pyrite stringers within a moderate sericite altered felsic intrusion. The last interval contains local visible gold, up 15% disseminated and stringer pyrite, and quartz crustiform veins within a medium silica and weak sericite altered rhyolite. WST-19-0169 was drilled from underground drill station BM-200-285-S located 200 metres below surface from section 3525E.

 

WST-19-0170 intersected four intervals in Lynx: 2.23 g/t Au over 3.0 metres, 9.74 g/t Au over 2.6 metres, 5.46 g/t Au over 2.0 metres and 5.50 g/t Au over 2.8 metres. The first interval contains 3% pyrite in pyrite-silica flooding within a moderate silica altered felsic intrusion. The second interval contains 10% disseminated pyrite and ptygmatic tourmaline veins in a moderate silica altered felsic intrusion. The third interval is composed of 2% pyrite and ptygmatic tourmaline veins within a moderate silica altered felsic intrusion. The last interval contains 2% pyrite stringers in stockwork within a moderate silica altered andesite. WST-19-0170 was drilled from underground drill station BM-200-285-S located 200 metres below surface from section 3525E.

 

WST-19-0172 intersected four intervals in Lynx: 50.9 g/t Au over 2.5 metres, 32.4 g/t Au over 2.3 metres, 22.7 g/t Au over 2.7 metres and 4.09 g/t Au over 2.1 metres. The first interval contains local visible gold, 15% disseminated pyrite and 2% sphalerite within a strong silica altered rhyolite. The second interval is composed of local visible gold, 2% pyrite stringers associated with pyrite-silica flooding and hosted in a moderate silica altered porphyritic felsic intrusion. The third interval contains local visible gold, 10% disseminated and quartz veins within a strong silica and fuchsite altered porphyritic felsic intrusion. The last interval contains 2% pyrite stringers and quartz-tourmaline vein hosted in a moderate silica altered rhyolite. WST-19-0172 was drilled from underground drill station BM-200-285-S located 200 metres below surface from section 3525E.

 

WST-19-0177 intersected three intervals in Lynx: 9.13 g/t Au over 2.1 metres, 6.31 g/t Au over 3.7 metres and 4.67 g/t Au over 4.0 metres. The first interval contains 2% pyrite clusters and ptygmatic quartz-tourmaline veins within a moderate silica and weak sericite altered rhyolite. The second interval contains 1% pyrite clusters and stringers within a moderate silica altered rhyolite. The last interval is composed of trace pyrite clusters and stringers within a weak sericite and silica altered rhyolite. WST-19-0177 was drilled from underground drill station BM-200-285-S located 200 metres below surface from section 3525E.

 

WST-19-0178 intersected 9.82 g/t Au over 2.2 metres in Lynx. Mineralization consists of 5% pyrite clusters and stringers at the contact between a strong sericite altered gabbro and a moderate sericite altered rhyolite. WST-19-0178 was drilled from underground drill station BM-200-285-S located 200 metres below surface from section 3525E.

 

WST-19-0179 intersected four intervals in Lynx: 36.2 g/t Au over 2.0 metres, 3.01 g/t Au over 2.0 metres, 3.43 g/t Au over 2.0 metres and 10.9 g/t Au over 2.6 metres. The first interval contains local visible gold, 2% pyrite stringers and 10% quartz-carbonate-tourmaline veins within a weak sericite and moderate silica altered rhyolite. The second and third intervals contain 1% pyrite clusters and stringers within a moderate sericite altered rhyolite. The last interval is composed of local visible gold, 1% disseminated pyrite and clusters with quartz-tourmaline veins hosted in a weak sericite and silica altered rhyolite. WST-19-0179 was drilled from underground drill station BM-220-280-O located 220 metres below surface from section 3500E.

 

WST-19-0180 intersected 3.62 g/t Au over 2.2 metres in Lynx. Mineralization consists of 2% pyrite-tourmaline stringers within a weak sericite altered rhyolite. WST-19-0180 was drilled from underground drill station BM-220-280-O located 220 metres below surface from section 3500E.

 

WST-19-0181 intersected two intervals in Lynx: 3.91 g/t Au over 2.1 metres and 14.1 g/t Au over 2.2 metres. The first interval is composed of local visible gold, up to 3% pyrite clusters associated with pyrite-silica flooding hosted in a moderate sericite and strong silica altered rhyolite. The second interval contains local visible gold, up to 7% disseminated pyrite, trace chalcopyrite and quartz-carbonate veins within a moderate fuchsite and silica altered gabbro. WST-19-0181 was drilled from underground drill station BM-220-280-O located 220 metres below surface from section 3500E.

 

WST-19-0182 intersected 33.3 g/t Au over 2.0 metres in Lynx. Mineralization consists of up to 3% pyrite clusters and stringers within a weak silica and moderate sericite altered felsic intrusion. WST-19-0182 was drilled from underground drill station BM-220-280-O located 220 metres below surface from section 3500E.

 

Qualified Person

The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of Osisko’s Windfall Lake gold project, who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

 

Quality Control and Reporting Protocols

True width determination is estimated at 55-80% of the reported core length interval for the zone. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at (i) ALS Laboratories in Val d’Or, Québec, Thunder Bay, Ontario, Sudbury, Ontario or Vancouver, British Colombia, or (ii) Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using an Aqua Regia-ICP-AES method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.

 

About the Windfall Lake Gold Deposit

The Windfall Lake gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by Osisko, as disclosed in the Windfall Lake Technical Report (as defined below) and November 27, 2018 Lynx resource update, comprises 2,874,000 tonnes at 8.17 g/t Au (754,000 ounces) in the indicated mineral resource category and 10,352,000 tonnes at 7.11 g/t Au (2,366,000 ounces) in the inferred mineral resource category. For details regarding the key assumptions, parameters and methods used to estimate the mineral resources presented in respect of the Windfall Lake gold project, please see the technical report entitled “Technical Report and Mineral Resource Estimate for the Windfall Lake Project, Windfall Lake and Urban-Barry Properties” and dated June 12, 2018 (effective date of May 14, 2018), which has been prepared by InnovExplo Inc. from Val-d’Or, Québec (the “Windfall Lake Technical Report”) and the press release “Osisko Releases Mineral Resource Update for Lynx” dated November 27, 2018, which has been prepared by Osisko and reviewed and approved by Micon International, Ltd. from Toronto, Ontario. The Windfall Lake Technical Report and press release are available on Osisko’s website at www.osiskomining.com and on SEDAR under Osisko’s issuer profile at www.sedar.com. The Windfall Lake gold deposit is currently one of the highest-grade resource-stage gold projects in Canada. Mineralization occurs in four principal zones: Lynx, Zone 27, Caribou and Underdog. All zones comprise sub-vertical lenses following intrusive porphyry contacts plunging to the northeast. The deposit is well defined from surface to a depth of 900 metres and remains open along strike and at depth. Mineralization has been identified 30 metres from surface in some areas and as deep as 2,000 metres in others, with significant potential to extend mineralization down-plunge and at depth.

 

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall Lake gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding the Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).

 

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Windfall Lake gold deposit being one of the highest grade resource-stage gold projects in Canada; the significance of results from the new infill drilling and ongoing drill definition and expansion program at the Windfall Lake gold project; the significance of assay results presented in this news release; the deposit remaining open along strike and at depth; potential depth extensions of the mineralized zones down-plunge and at depth; the actual mineralization of local visible gold; the current 800,000 metre drill program; the type of drilling included in the drill program; potential mineralization; the potential to extend mineralization up and down-plunge and at depth at the Windfall Lake gold deposit; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities, including the continuity or extension of any mineralization; and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward- looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests in the Windfall Lake gold project; the ability of the Corporation to obtain required approvals and complete transactions on terms announced; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions. Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information, Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

 

For further information please contact:

John Burzynski
President and Chief Executive Officer
Telephone: (416) 363-8653

OSISKO INTERSECTS 114 g/t Au OVER 2.8 METRES AT OSBORNE-BELL

2019 Infill Drill Program Completed 

(Toronto, September 3, 2019) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new results from the infill drill program at its 100% owned Osborne-Bell gold deposit located 15 kilometres northwest of the town of Lebel-sur-Quévillon, Québec. The 50,000-metre program focused on infill drilling at the Osborne-Bell deposit as part of the overall Windfall definition drilling program.  Osborne-Bell remains open at depth with good potential for further expansion, and additional exploration drilling is being planned for 2020.

Significant new analytical results from 71 intercepts in 47 infill drill holes are presented below. Highlights from the new results include: 114 g/t Au over 2.8 metres in OSK-OB-19- 109; 51.5 g/t Au over 2.8 metres in OSK-OB-19-212; 35.3 g/t Au over 2.7 metres in OSK-OB-192; 9.49 g/t Au over 7.6 metres in OSK-OB-19-131; and 9.60 g/t Au over 4.8 metres in OSK-OB-19-137. Maps showing hole locations and full analytical results are available at www.osiskomining.com.

Drill Hole From

(m)

To

(m)

Length

(m)

Au

(g/t) uncut

Au

(g/t) cut to 100 g/t

Type Mineralized

Zone

OSK-OB-18-092 40.0 43.2 3.2 7.78 Infill 3-653
including 42.9 43.2 0.3 59.4 Infill
OSK-OB-18-092 111.5 113.5 2.0 3.37 Infill 3-652
OSK-OB-18-092 132.3 134.5 2.2 10.4 Infill New
including 132.8 133.2 0.4 43.0 Infill
OSK-OB-18-094 165.5 168.5 3.0 5.55 Infill 3-653
including 167.0 168.5 1.5 10.6 Infill
OSK-OB-18-094 180.5 182.5 2.0 9.25 Infill 3-652
including 181.6 182.2 0.6 23.0 Infill
OSK-OB-18-095 121.2 124.0 2.8 5.04 Infill 3-551
including 121.2 121.9 0.7 18.1 Infill
OSK-OB-18-100 233.2 235.8 2.6 3.41 Infill 3-551
including 234.0 234.3 0.3 25.1 Infill
OSK-OB-18-103 203.6 205.6 2.0 6.93 Infill 2-652
including 204.6 204.9 0.3 39.3 Infill
OSK-OB-19-105 18.0 21.0 3.0 4.47   Infill New
including 18.0 18.3 0.3 41.4   Infill
OSK-OB-19-105 130.9 133.3 2.4 3.71 Infill 3-651
including 130.9 131.4 0.5 16.0 Infill
OSK-OB-19-106 23.7 25.7 2.0 4.82 Infill 3-552
including 23.7 24.0 0.3 16.9 Infill
OSK-OB-19-109 282.4 286.2 2.8 114 30.7 Infill 3-652
including 284.4 285.2 0.8 392 100 Infill
OSK-OB-19-110 92.0 94.0 2.0 3.16 Infill 1-651
OSK-OB-19-110 224.8 226.8 2.0 3.63 Infill 1-550
OSK-OB-19-113 46.7 48.9 2.2 15.9 Infill 1-653
including 46.7 48.1 1.4 24.8 Infill
OSK-OB-19-117 38.9 41.0 2.1 6.38 Infill 1-651
including 39.4 39.7 0.3 38.6 Infill
OSK-OB-19-119 89.6 91.7 2.1 34.8 Infill New
including 90.6 91.3 0.7 94.2 Infill
OSK-OB-19-120 150.4 153.4 3.0 5.10 Infill 1-652
including 150.4 151.0 0.6 23.8 Infill
OSK-OB-19-122 80.1 82.2 2.1 3.25 Infill 1-653
including 81.8 82.2 0.4 11.8 Infill
OSK-OB-19-125 209.1 211.1 2.0 4.27 Infill 2-652
including 210.1 211.1 1.0 7.95 Infill
OSK-OB-19-129 328.1 330.5 2.4 4.36 Infill 2-650
including 328.1 329.0 0.9 9.85 Infill
OSK-OB-19-131 266.4 274 7.6 9.49   Infill 2-652
including 266.7 267.1 0.4 82.8   Infill
and 270.2 271.0 0.8 20.0   Infill
and 272.3 273.1 0.8 19.1   Infill
OSK-OB-19-131 335.0 337.9 2.9 4.16   Infill 2-651
OSK-OB-19-131 351.7 357.4 5.7 5.31   Infill 2-650
including 351.7 355.0 3.3 8.03   Infill
OSK-OB-19-132 77.8 80.0 2.2 3.07   Infill New
OSK-OB-19-132 252.5 254.9 2.4 5.61   Infill 2-652
including 254.6 254.9 0.3 16.5   Infill
OSK-OB-19-137 96.2 101.0 4.8 9.60 Infill
OSK-OB-19-138 295.1 297.1 2.0 7.94 Infill 3-551
including 295.1 295.5 0.4 37.7 Infill
OSK-OB-19-138 360.5 365.0 4.5 7.36 Infill 3-652
OSK-OB-19-144 39.3 42.0 2.7 8.30 Infill 1-652
including 40.2 41.0 0.8 12.0 Infill
OSK-OB-19-144 118.0 120.3 2.3 3.51 Infill 1-551
including 118.3 119.0 0.7 8.72 Infill
OSK-OB-19-144 166.3 168.5 2.2 4.57 Infill 1-651
including 166.3 167.0 0.7 12.4 Infill
OSK-OB-19-144 183.3 185.6 2.3 5.10 Infill 1-651
including 185.1 185.6 0.5 21.0 Infill
OSK-OB-19-145 119.5 123.0 3.5 5.93 Infill 1-653
including 120.5 121.0 0.5 24.7 Infill
OSK-OB-19-146 71.5 74.1 2.6 10.2 Infill 1-551
including 73.5 74.1 0.6 40.1 Infill
OSK-OB-19-151 41.2 43.4 2.2 13.4 Infill 1-652
including 41.2 41.8 0.6 40.3 Infill
OSK-OB-19-151 123.4 126.0 2.6 10.5 Infill New
including 123.4 124.2 0.8 25.5 Infill
OSK-OB-19-151 137.3 139.5 2.2 23.7 Infill 1-651
including 138.9 139.5 0.6 49.0 Infill
OSK-OB-19-155 191.0 194.2 3.2 6.48 Infill 3-551
OSK-OB-19-156 21.0 23.5 2.5 3.55 Infill New
OSK-OB-19-159 542.0 544.0 2.0 3.82 Infill 3-653
OSK-OB-19-160 108.0 110.1 2.1 3.80 Infill 1-653
including 109.0 109.6 0.6 12.6 Infill
OSK-OB-19-161 288.7 290.7 2.0 5.76 Infill New
including 289.7 290.7 1.0 11.3 Infill
OSK-OB-19-162 328.5 330.6 2.1 3.84 Infill 3-552
including 329.9 330.6 0.7 10.2 Infill
OSK-OB-19-162 362.7 365.3 2.6 12.0 Infill 3-653
including 363 363.5 0.5 61.0 Infill
OSK-OB-19-162 369.3 371.8 2.5 6.89 Infill 3-653
including 369.9 370.8 0.9 17.8 Infill
OSK-OB-19-164 171.1 173.1 2.0 5.74 Infill New
including 172.1 172.6 0.5 21.9 Infill
OSK-OB-19-170 95.4 97.6 2.2 3.02 Infill 1-653
including 96.3 96.9 0.6 10.7 Infill
OSK-OB-19-171 48.6 51.0 2.4 11.0 Infill 3-652
including 48.6 49.0 0.4 64.5 Infill
OSK-OB-19-175 214.3 218.0 3.7 8.54 Infill 2-652
including 214.3 215.4 1.1 23.8 Infill
OSK-OB-19-176 379.4 382.0 2.6 6.47 Infill 3-653
including 379.4 380.0 0.6 25.1 Infill
OSK-OB-19-178 94.2 96.2 2.0 8.20 Infill 3-653
including 94.7 95.4 0.7 23.1 Infill
OSK-OB-19-180 414.5 416.5 2.0 6.00 Infill New
including 416.2 416.5 0.3 35.1 Infill
OSK-OB-19-182 93.0 95.0 2.0 3.77 Infill 3-653
OSK-OB-19-186 311.8 313.8 2.0 3.10 Infill 3-551
including 312.8 313.2 0.4 10.9 Infill
OSK-OB-19-191 291.7 294.0 2.3 4.55 Infill 3-654
including 292.0 292.7 0.7 13.2 Infill
OSK-OB-19-192 374.9 377.6 2.7 35.3 23.3 Infill 3-551
including 375.7 376.1 0.4 180 100 Infill
OSK-OB-19-192 415.0 418.0 3.0 9.70 Infill 3-653
including 416.1 416.8 0.7 34.8 Infill
OSK-OB-19-194 249.0 251.0 2.0 3.03 Infill New
OSK-OB-19-194 261.9 265.7 3.8 3.23 Infill 3-552
including 261.9 262.2 0.3 34.0 Infill
OSK-OB-19-194 339.2 342.0 2.8 3.46 Infill 3-650
including 340.0 341.1 1.1 7.71 Infill
OSK-OB-19-196 217.1 219.3 2.2 3.23 Infill 3-552
including 218.7 219.3 0.6 9.58 Infill
OSK-OB-19-196 223.8 226.3 2.5 13.0 Infill 3-552
OSK-OB-19-196 228.7 231.8 3.1 3.16 Infill 3-552
including 228.7 229.0 0.3 12.3 Infill
OSK-OB-19-196 244.2 248.0 3.8 3.06 Infill 3-551
including 246.8 247.1 0.3 17.4 Infill
OSK-OB-19-201 375.1 377.2 2.1 8.00 Infill 3-551
including 375.1 376.2 1.1 14.7 Infill
OSK-OB-19-204 323.5 325.5 2.0 7.70 Infill 3-552
including 324.5 325.5 1.0 15.0 Infill
OSK-OB-19-212 237.2 240.7 3.5 3.34 Infill 3-552
including 237.2 237.7 0.5 11.9 Infill
OSK-OB-19-212 260.7 267.7 7.0 3.62 Infill 3-552
including 260.7 261.7 1.0 21.4 Infill
OSK-OB-19-212 310.3 313.1 2.8 51.5 22.6 Infill 3-653
including 310.3 310.9 0.6 235 100 Infill
OSK-OB-19-213 295.0 297.0 2.0 10.7 Infill 3-551
including 295.0 296.0 1.0 20.3 Infill

 

 

 

Drill Hole Azimuth (°) Dip (°) Hole

Length (m)

UTM E UTM N Section
OSK-OB-18-092 186.6 -45.1 135 341231 5444068 2200
OSK-OB-18-094 191.8 -45.8 237 341399 5444051 2375
OSK-OB-18-095 192.5 -45.0 254 341315 5444119 2275
OSK-OB-18-100 193.7 -45.3 261 341564 5444064 2525
OSK-OB-18-103 198.2 -49.0 221 341216 5444136 2175
OSK-OB-19-105 197.3 -47.8 135 341448 5443963 2450
OSK-OB-19-106 194.9 -45.0 132 341470 5443930 2475
OSK-OB-19-109 192.3 -47.4 297 341247 5444210 2175
OSK-OB-19-110 193.5 -51.5 303 340670 5444222 1625
OSK-OB-19-113 19.6 -46.8 101 340918 5444078 1900
OSK-OB-19-117 193.5 -45.0 86 340724 5444158 1700
OSK-OB-19-119 193.8 -45.8 92 340695 5444371 1600
OSK-OB-19-120 194.4 -59.7 251 340570 5444500 1450
OSK-OB-19-122 200.5 -59.6 110 340607 5444458 1500
OSK-OB-19-125 193.8 -51.0 236 341104 5444163 2050
OSK-OB-19-129 185.1 -50.5 371 341106 5444186 2050
OSK-OB-19-131 192.1 -49.5 418 341137 5444214 2075
OSK-OB-19-132 185.0 -50.0 407 341067 5444223 2000
OSK-OB-19-137 186.9 -46.0 277 341050 5444092 2025
OSK-OB-19-138 193.3 -53.0 416 341342 5444237 2275
OSK-OB-19-144 209.5 -52.7 247 340877 5444157 1850
OSK-OB-19-145 192.7 -49.3 358 340775 5444340 1700
OSK-OB-19-146 203.5 -45.0 208 340864 5444140 1825
OSK-OB-19-151 194.2 -54.2 173 340810 5444186 1775
OSK-OB-19-155 199.4 -54.2 270 341326 5444146 2275
OSK-OB-19-156 194.9 -60.6 111 340540 5444476 1425
OSK-OB-19-159 183.4 -53.3 612 341329 5444403 2200
OSK-OB-19-160 193.8 -60.4 144 340527 5444519 1400
OSK-OB-19-161 192.8 -51.1 299 341885 5443933 2875
OSK-OB-19-162 188.0 -53.4 414 341496 5444173 2425
OSK-OB-19-164 193.7 -61.3 210 340542 5444543 1400
OSK-OB-19-170 253.8 -50.0 156 340637 5444451 1525
OSK-OB-19-171 196.6 -52.0 75 341238 5444025 2225
OSK-OB-19-175 209.9 55.2 240 341250 5444123 2200
OSK-OB-19-176 184.5 -55.8 407 341496 5444174 2425
OSK-OB-19-178 196.6 -53.5 168 341269 5444081 2225
OSK-OB-19-180 183.6 -58.8 438 341496 5444176 2425
OSK-OB-19-182 195.0 -54.0 116 341899 5443811 2925
OSK-OB-19-186 200.1 -59.9 333 341573 5444083 2525
OSK-OB-19-191 198.0 -66.0 383 341573 5444083 2525
OSK-OB-19-192 187.5 -59.1 432 341497 5444176 2425
OSK-OB-19-194 187.9 -49.8 356 341527 5444095 2275
OSK-OB-19-196 189.5 -50.5 285 341512 5444080 2475
OSK-OB-19-201 189.4 -50.6 469 341443 5444262 2350
OSK-OB-19-204 182.2 -53.4 419 341455 5444178 2400
OSK-OB-19-212 184.9 -56.2 380 341467 5444113 2425
OSK-OB-19-213 189.9 -53.4 370 341378 5444214 2300

 

OSK-OB-18-092 intersected 7.78 g/t Au over 3.2 metres in zone 3-653. Mineralization is hosted in a chlorite altered andesite unit and consists of up to 2% pyrite stringers and 1% clustered chalcopyrite oriented parallel to the main fabric orientation. A second interval returned 3.37 g/t Au over 2.0 metres in zone 3-652, Mineralization is hosted in a sericite and silica altered quartz-phyric rhyodacite and up to 1% clustered pyrite oriented parallel to the main fabric orientation. A third interval returned 10.4 g/t Au over 2.2 metres. This mineralized interval does not correspond to a known zone.  Mineralization is hosted in a silica and chlorite altered quartz-phyric rhyodacite unit with up to 2% pyrite stringers and traces of chalcopyrite clusters oriented parallel to the main fabric orientation.

 

OSK-OB-18-094 intersected 5.55 g/t Au over 3.0 metres in zone 3-653. Mineralization is hosted in a sericite and silica altered quartz-phyric rhyodacite unit and consists of up to 1% clustered pyrite and traces of pyrite stringers oriented parallel to the main fabric orientation. A second interval returned 9.25 g/t Au over 2.0 metres in zone 3-652. Mineralization consists of 5% pyrite stringers and 1% disseminated pyrite in a sericite altered zone within quartz-pyrite veinlets hosted in a quartz-phyric rhyodacite unit.

 

OSK-OB-18-095 intersected 5.04 g/t Au over 2.8 metres in zone 3-551.  Mineralization is hosted in a chlorite-biotite-carbonate altered andesite unit and consists of traces of chalcopyrite and pyrite stringers oriented parallel to the main fabric orientation.

 

OSK-OB-18-100 intersected 3.41 g/t Au over 2.6 metres in zone 3-551. Mineralization is hosted within a sericite and hematite altered quartz-phyric rhyodacite and consists of 3 to 5% pyrite and traces of disseminated and stringer-style chalcopyrite associated with chlorite-silica altered veinlets parallel to the main fabric orientation.

 

OSK-OB-18-103 intersected 6.93 g/t Au over 2.0 metres in zone 2-652. Mineralization is hosted in a sericite-biotite-chlorite altered quartz-phyric rhyodacite unit and consists of up to 3% pyrite, 1% disseminated chalcopyrite, and local visible gold in chlorite-pyrite veinlets.

 

OSK-OB-19-105 intersected 4.47 g/t Au over 3.0 metres. This mineralized interval does not correspond to a known zone. Mineralization is hosted within a chlorite-biotite altered andesite with up to 1% disseminated pyrite in chlorite-pyrite veins or pyrite stringers oriented parallel to the main fabric orientation. A second interval returned 3.71 g/t Au over 2.4 metres in zone 3-651. Mineralization consists of up to 2% pyrite mainly as local stringers and disseminated within a biotite-sericite-chlorite altered aphyric rhyodacite.

 

OSK-OB-19-106 intersected 4.82 g/t Au over 2.0 metres in zone 3-552. Mineralization consists of up to 3% pyrite as cm-thick stringers, chlorite-pyrite veins, and disseminated with minor pyrrhotite parallel to the main fabric orientation. Mineralization is hosted within a sericite and chlorite altered andesite unit.

 

OSK-OB-19-109 intersected 114 g/t Au over 2.8 metres in zone 3-652. Mineralization is hosted within a quartz-phyric rhyodacite characterized by a moderate chlorite, biotite and carbonate alteration. Mineralization consists of an average of 5% disseminated pyrite, and up to 15% disseminated pyrite-sphalerite and stringers on a 0.8 metre interval. Local visible gold was observed in the pyrite-sphalerite stringers. Local chlorite-pyrite veins also carry up to 1% finely disseminated pyrite.

 

OSK-OB-19-110 intersected 3.16 g/t Au over 2.0 metres in zone 1-651. Mineralization consists of up to 2% disseminated pyrite hosted within a quartz-feldspar-phyric rhyodacite showing moderate patchy biotite and chlorite alteration. A second interval returned 3.63 g/t Au over 2.0 metres in zone 1-550. Mineralization is hosted in a chlorite-biotite-sericite altered andesite unit and consists of 3% disseminated pyrite oriented parallel to the main fabric orientation.

 

OSK-OB-19-113 intersected 15.9 g/t Au over 2.2 metres in zone 1-653. Mineralization is controlled by a quartz veinlet characterized by chalcopyrite clusters and stringers hosted within a sericite, carbonate, and minor silica altered aphyric rhyodacite containing up to 1% disseminated pyrite.

 

OSK-OB-19-117 intersected 6.38 g/t Au over 2.1 metres in zone 1-651. Mineralization is hosted within an andesite unit with strong biotite and weak chlorite and sericite alteration. Mineralization consists of up to 5% pyrite stringers, clusters, and dissemination.

 

OSK-OB-19-119 intersected 34.8 g/t Au over 2.1 metres. This mineralized interval does not correspond to a known zone. Mineralization is hosted in a biotite and chlorite altered andesite and consists of 1% disseminated pyrite and pyrrhotite orientated parallel to the main fabric orientation.

 

OSK-OB-19-120 intersected 5.10 g/t Au over 3.0 metres in zone 1-652. Mineralization is hosted within a weakly chlorite-carbonate-sericite-epidote altered andesite with up to 5% disseminated pyrite controlled by the main fabric orientation and associated with chlorite-pyrite veinlets.

 

OSK-OB-19-122 intersected 3.25 g/t Au over 2.1 metres in zone 1-653. Mineralization is hosted in a chlorite-biotite-carbonate altered andesite unit with up to 3% disseminated and clustered pyrite parallel to the main fabric orientation and pyrite clusters within quartz-chlorite-carbonate veins.

 

OSK-OB-19-125 intersected 4.27 g/t Au over 2.0 metres in zone 2-652. Mineralization is hosted at the contact between an andesite unit and a quartz-phyric rhyodacite unit moderately altered to chlorite-biotite-silica±sericite±carbonate. Mineralization consists of up to 3% disseminated, clustered, and stringer pyrite affected by the main fabric orientation.

 

OSK-OB-19-129 intersected 4.36 g/t Au over 2.4 metres in zone 2-650. Mineralization is hosted within a biotite-chlorite-sericite altered andesite and consists of trace to 1% disseminated pyrite.

 

OSK-OB-19-131 intersected 9.49 g/t Au over 7.6 metres in zone 2-652.This interval is hosted at the contact zone between an aphyric rhyodacite, andesite, and quartz-phyric rhyodacite unit. Felsic units show moderate sericite alteration and intermediate units show weak to moderate sericite-chlorite-biotite alteration. Mineralization consists of up to 5% disseminated or stringer-style pyrite parallel to the main fabric orientation. High-grade samples are associated with metre-scale intervals consisting of up to 1% disseminated and stringer-style sphalerite and chalcopyrite. Local visible gold was observed within the quartz-phyric rhyodacite unit.  A second interval returned 4.16 g/t Au over 2.9 metres in zone 2-651. Mineralization is hosted within a sericite and chlorite altered quartz-phyric rhyodacite and consists of traces of clustered pyrite elongated along the main fabric orientation and traces of clustered sphalerite within veinlets.  A third interval returned 5.31 g/t Au over 5.7 metres in zone 2-650. Mineralization is hosted within a weakly sericite-silica-chlorite altered andesite unit and consists of up to 15% clustered pyrite and traces of sphalerite parallel and cross-cutting the main fabric orientation.

 

OSK-OB-19-132 intersected 3.07 g/t Au over 2.2 metres. This mineralized interval does not correspond to any known zone. Mineralization is hosted in a chlorite-carbonate-biotite altered andesite unit and consists of 3% clustered pyrite within a series of 5cm-thick quartz veins.  A second interval returned 5.61 g/t Au over 2.4 metres in zone 2-652. Mineralization is hosted within a weakly to moderately sericite-chlorite-carbonate altered quartz-phyric rhyodacite. Mineralization is composed of up to 1% disseminated pyrite parallel to the main fabric orientation and hosted in veinlets.

 

OSK-OB-19-137 intersected 9.60 g/t Au over 4.8 metres in zone 2-652. Mineralization is hosted within a sericite and chlorite altered quartz-phyric rhyodacite and consists of 1% disseminated pyrite and 1% pyrite stringers associated with chlorite and oriented parallel and locally secant to the main fabric orientation.

 

OSK-OB-19-138 intersected 7.94 g/t Au over 2.0 metres in zone 3-551. Mineralization is hosted in a chlorite-biotite-sericite altered andesite unit and generally consists of 1% disseminated pyrite and up to 1% disseminated chalcopyrite oriented parallel to the main fabric orientation. The high-grade mineralized interval consists of up to 7% clustered chalcopyrite and pyrite oriented parallel to the main fabric orientation. A second interval returned 7.36 g/t Au over 4.5 metres in zone 3-652. Mineralization is hosted in a sericite-chlorite-silica altered rhyodacite unit and consists of 3% pyrite stringers (0.5-2 cm-thick) associated with traces of disseminated chalcopyrite, and up to 1% disseminated pyrite oriented parallel to the main fabric orientation. The pyrite stringers can be either low core-angled or parallel to the main fabric.

 

OSK-OB-19-144 intersected 8.30 g/t Au over 2.7 metres in zone 1-652. Mineralization is hosted within a biotite and sericite altered quartz-phyric rhyodacite and consists of up to 1% disseminated pyrite associated with carbonate-chlorite-pyrite veins or pyrite clusters.  A second interval returned 3.51 g/t Au over 2.3 metres in zone 1-551, a third interval returned 4.57 g/t Au over 2.2 metres in zone 1-651, and a fourth interval returned 5.10 g/t Au over 2.3 metres in zone 1-651.

 

OSK-OB-19-145 intersected 5.93 g/t Au over 3.5 metres in zone 1-653. Mineralization is hosted within a chlorite-biotite-carbonate and potassic-feldspar altered andesite composed of up to 4% clustered pyrite with traces of clustered chalcopyrite within pyrite-chlorite veins and 2-8% disseminated and clustered pyrite parallel to the main fabric orientation.

 

OSK-OB-19-146 intersected 10.2 g/t Au over 2.6 metres in zone 1-551. Mineralization is hosted in a biotite-sericite-chlorite altered andesite and consists of up to 4% disseminated and clustered pyrite parallel to the main fabric orientation. Local visible gold was observed in smoky quartz-pyrite veinlets cross-cutting the main fabric.

 

OSK-OB-19-151 intersected 13.4 g/t Au over 2.2 metres in zone 1-652. Mineralization is hosted within a biotite-sericite-chlorite-carbonate altered andesite and consists of up to 2% disseminated pyrite and pyrite stringers oriented parallel to the main fabric orientation. Additionally, local visible gold is observed in chlorite-pyrite veins. A second interval returned 10.5 g/t Au over 2.6 metres. This interval does not correspond to any known zone. Mineralization is hosted within a sericite-biotite-chlorite±silica altered andesite and is composed of up to 4% disseminated pyrite in stringers or within the host rock, and oriented parallel to the main fabric orientation. A third interval returned 23.7 g/t Au over 2.2 metres in zone 1-651. Mineralization is hosted within a biotite-sericite-chlorite-carbonate altered andesite and consists of up to 8% pyrite stringers associated with 15% low core angle and undulating chlorite-pyrite veins. Additionally, up to 2% disseminated pyrite and traces of disseminated chalcopyrite are hosted within veinlets as well as disseminated within the host rock.

 

OSK-OB-19-155 intersected 6.48 g/t Au over 3.2 metres in zone 3-551.  Mineralization is hosted within a hematite-chlorite-sericite-carbonate altered andesite and consists of up to 1% disseminated pyrite within quartz veinlets (first interval), up to 1% clustered pyrite oriented parallel to the main fabric orientation, and up to 1% clustered chalcopyrite and sphalerite within quartz veinlets.

 

OSK-OB-19-156 intersected 3.55 g/t Au over 2.5 metres. The mineralized interval does not correspond to a known zone. Mineralization is hosted in a chlorite-biotite-sericite altered andesite unit and consists of up to 10% clustered pyrite in a 1.5cm-thick quartz vein.

 

OSK-OB-19-159 returned 3.82 g/t Au over 2.0 metres in zone 3-653. Mineralization is hosted within a sericite-biotite altered andesite and consists of up to 2% disseminated and clustered pyrite and pyrite stringers associated with traces of chalcopyrite generally oriented parallel to the main fabric orientation.

 

OSK-OB-19-160 intersected 3.80 g/t over 2.1 metres in zone 1-653. Mineralization is hosted within a sericite-biotite-carbonate-chlorite altered andesite and consists of up to 1% disseminated and clustered pyrite oriented parallel to the main fabric orientation and within folded chlorite-pyrite veins.

 

OSK-OB-19-161 intersected 5.76 g/t Au over 2.0 metres. This mineralized interval does not correspond to any known zone. Mineralization is found at the contact between a biotite-sericite-chlorite altered andesite and a sericite-chlorite altered quartz-phyric rhyodacite unit. Mineralization consists of up to 2% disseminated, clustered, and stringer-style pyrite, and associated with local chlorite-pyrite veins. The host rock shows a strongly developed schistosity.

 

OSK-OB-19-162 intersected 3.84 g/t Au over 2.1 metres in zone 3-552. Mineralization is hosted in a sericite-silica-chlorite altered aphyric rhyodacite, composed of up to 2% disseminated pyrite and pyrite stringers oriented parallel to the main fabric orientation, up to 1% pyrite in fine stockwork-like fractures, and locally associated with chlorite-pyrite veinlets. A second interval returned 12.0 g/t Au over 2.6 metres in zone 3-653, and a third interval returned 6.89 g/t Au over 2.5 metres in zone 3-653.

 

OSK-OB-19-164 intersected 5.74 g/t Au over 2.0 metres. This mineralized interval does not correspond to a known zone. Mineralization is hosted within a chlorite-sericite-biotite altered andesite and consists of up to 3% clustered pyrite oriented parallel to the main fabric orientation and up to 5% pyrite stringers (up to 2cm-thick) with traces of chalcopyrite cross-cutting the main fabric.

 

OSK-OB-19-170 intersected 3.02 g/t Au over 2.2 metres in zone 1-653. Mineralization is hosted in a chlorite-sericite-biotite altered andesite and consists of up to 4% pyrite stringers oriented parallel to the main fabric orientation.

 

OSK-OB-19-171 intersected 11.0 g/t Au over 2.4 metres in zone 3-652. Mineralization is hosted within a biotite-chlorite-sericite altered andesite near the contact with a quartz-phyric rhyodacite unit. The interval consists of 1% weakly deformed chalcopyrite-pyrite-pyrrhotite stringers and up to 1% disseminated pyrite within chlorite-carbonate veinlets mostly cross-cutting the main fabric orientation.

 

OSK-OB-19-175 intersected 8.54 g/t Au over 3.7 metres in zone 2-652. Mineralization is hosted within a sericite-silica-biotite altered fragmental rhyodacite and consists of up to 5% disseminated pyrite and pyrite stringers, traces to 1% disseminated chalcopyrite, and locally disseminated pyrrhotite.

 

OSK-OB-19-176 intersected 6.47 g/t Au over 2.6 metres in zone 3-653. Mineralization is hosted in a sericite-chlorite-biotite altered aphyric rhyodacite and consists of up to 4% clustered pyrite and 3% clustered chalcopyrite associated with veinlets, and 2% disseminated pyrite oriented parallel to the main fabric orientation.

 

OSK-OB-19-178 intersected 8.20 g/t Au over 2.0 metres in zone 3-653. Mineralization is hosted in a biotite-chlorite-sericite altered andesite consisting of up to 4% disseminated pyrite in a chlorite-pyrite veinlet.

 

OSK-OB-19-180 intersected 6.00 g/t Au over 2.0 metres. This mineralized interval does not correspond to a known zone. Mineralization is hosted in a sericite-chlorite altered quartz-phyric rhyodacite and is composed of up to 7% clustered pyrite associated with chlorite-pyrite-carbonate veinlets and 2% disseminated pyrite oriented parallel to the main fabric orientation.

 

OSK-OB-19-182 intersected 3.77 g/t Au over 2.0 metres in zone 3-653. This intersection is included in a larger interval grading 1% zinc over 32.3 metres with a continuous gold background content over 0.1 g/t Au up to 7.34 g/t Au. Mineralization in hosted within a sericite-silica-chlorite altered quartz-phyric rhyodacite unit with up to 2% sphalerite and 1% pyrite stringers locally cross-cutting the main fabric orientation and disseminated pyrite oriented parallel to the main fabric orientation.

 

OSK-OB-19-186 intersected 3.10 g/t Au over 2.0 metres in zone 3-551. Mineralization is hosted in a sericite altered aphyric rhyodacite and consists of up to 2% disseminated pyrite and 5% clustered pyrite oriented parallel to the main fabric orientation.

 

OSK-OB-19-191 intersected 4.55 g/t Au over 2.3 metres in zone 3-654. Mineralization is hosted within a biotite-chlorite-sericite altered andesite and consists of up to 7% disseminated pyrite associated with traces of pyrrhotite oriented parallel to the main fabric orientation.

 

OSK-OB-19-192 returned 35.3 g/t Au  over 2.7 metres in zone 3-551.Mineralization is hosted in a sericite-chlorite altered quartz-phyric rhyodacite and consists of 6% clustered pyrite, 2% chalcopyrite, and traces of sphalerite in folded and low-angled chlorite-carbonate veinlets (1-2 cm-thick).  A second interval returned 9.70 g/t Au over 3.0 metres in zone 3-653. Mineralization is hosted in a sericite and chlorite altered quartz-phyric rhyodacite unit and consists of up to 25% clustered pyrite, 5% chalcopyrite stringers, and traces of disseminated sphalerite in cm-thick chlorite veinlets (1-30mm). Veinlets are both parallel and secant to the main fabric orientation.

 

OSK-OB-19-194 returned 3.03 g/t Au over 2.0 metres. This mineralized interval does not correspond to a known zone. Mineralization is hosted in a sericite and chlorite altered aphyric rhyodacite unit and consists of 2% disseminated pyrite and up to 2% pyrite-chlorite stringers with traces of chalcopyrite oriented parallel to the main fabric orientation. A second interval returned 3.23 g/t Au over 3.8 metres in zone 3-552. Mineralization is hosted in a sericite-chlorite-biotite altered quartz-phyric rhyodacite unit and consists of up to 7% disseminated and clustered pyrite and traces of clustered chalcopyrite oriented parallel to the main fabric orientation.  A third interval returned 3.46 g/t Au over 2.8 metres in zone 3-650. Mineralization is hosted in a sericite-chlorite-biotite altered quartz-phyric rhyodacite and consists of 2% disseminated pyrite and traces of sphalerite stringers oriented parallel to the main fabric orientation.

 

OSK-OB-19-196 returned 3.23 g/t Au over 2.2 metres in zone 3-552. Mineralization is hosted in a sericite and chlorite altered rhyodacite unit and consists of 10% chlorite-pyrite veinlets (1-4 cm-thick) containing approximately 75% pyrite and 1% chalcopyrite. A second interval returned 13.0 g/t Au over 2.5 metres in zone 3-552, a third interval returned 3.16 g/t Au over 3.1 metres in zone 3-552, and a fourth interval returned 3.06 g/t Au over 3.8 metres in zone 3-551.

 

OSK-OB-19-201 returned 8.00 g/t Au over 2.1 metres in zone 3-551. Mineralization is hosted in a sericite and silica altered quartz-phyric rhyodacite and consists of up to 1% pyrite stringers in thin smoky quartz veinlets that locally cross-cut the main fabric orientation and traces of sphalerite stringers oriented parallel to the main fabric orientation.

 

OSK-OB-19-204 returned 7.70 g/t Au over 2.0 metres in zone 3-552. Mineralization is hosted in a sericite and chlorite altered rhyodacite and consists of up to 5% pyrite and chalcopyrite stringers associated with folded chlorite-carbonate veinlets and 1% fine-grained disseminated pyrite oriented parallel to the main fabric orientation.

 

OSK-OB-19-212 returned 3.34 g/t Au over 3.5 metres in zone 3-552. Mineralization is hosted in a sericite altered and weakly bleached andesite and consists of up to 3% clustered pyrite oriented parallel to the main fabric orientation and traces of pyrite stringers that are secant to the main fabric orientation. A second interval returned 3.62 g/t Au over 7.0 metres in zone 3-552, and a third interval returned 51.5 g/t Au over 2.8 metres in zone 3-653.

 

OSK-OB-19-213 returned 10.7 g/t Au over 2 metres in zone 3-551. Mineralization is hosted in a biotite and silica altered andesite and consists of 2 to 3% disseminated pyrite and pyrite-chalcopyrite stringers associated with chlorite veinlets. The chlorite veinlets are locally secant to the main fabric orientation.

Qualified Person

The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Mathieu Savard, P.Geo. (OGQ 510), Vice-President of Exploration, who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

 

Quality Control and Reporting Protocols

True width determination is currently unknown but is estimated at 65-80% of the reported core length interval for the zone. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at (i) ALS Laboratories in Val d’Or, Québec, Thunder Bay, Ontario, Sudbury, Ontario or Vancouver, British Columbia. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. All samples are also analyzed for multi-elements, using an Aqua Regia-ICP-AES method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab.

 

About the Osborne-Bell Gold Deposit

The Osborne-Bell gold deposit is located 15 kilometres northwest of the town of Lebel-sur-Quevillon in the Abitibi region of Québec, Canada. The mineral resource defined by Osisko, as disclosed in the Osborne-Bell Technical Report (as defined below), comprises 2,587,000 tonnes at 6.13 g/t Au (510,000 ounces) in the inferred mineral resource. Mineralization occurs in nine (9) individuals mineralized zones:1-551, 1-651, 1-653, 2-650, 2-652, 3-551, 3-552, 3-652, 3-653. All zones comprise sub-vertical lenses following intermediate and felsic volcanic rocks plunging to the northeast. The deposit is well defined from surface to a depth of 300 metres. For details regarding the key assumptions, parameters and methods used to estimate the mineral resources presented in respect of the Osborne-Bell gold project, please see the technical report entitled “Technical Report and Mineral Resource Estimate – Osborne-Bell deposit, Quévillon property ” and dated April 23, 2018 (effective date of March 2, 2018), which has been prepared by InnovExplo Inc. from Val-d’Or, Québec (the “Osborne-Bell Technical Report”). The Osborne-Bell Technical Report is available on Osisko’s website at www.osiskomining.com and on SEDAR under Osisko’s issuer profile at www.sedar.com. For details regarding the PEA refer to “Preliminary Economic Assessment of the Windfall Lake Project, Lebel-sur-Quévillon, Québec, Canada” and dated August 1, 2018 (effective date of July 12, 2018), has been prepared for Osisko by BBA Inc., InnovExplo Inc., Golder Associates Ltd., WSP Canada Inc. and SNC-Lavalin Stavibel Inc. (the Windfall PEA). The Windfall PEA which includes the Osborne Bell Deposit is available on SEDAR (www.sedar.com) under Osisko’s issuer profile.

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% in the high-grade Windfall Lake gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and in the nearby Quévillon area (over 2,700 square kilometres).

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things, the timing and ability of Osisko to file a technical report in respect of this resource estimate; the prospects of the Osborne-Bell gold deposit; the potential for the Osborne-Bell gold deposit being a significant deposit; the potential future mill site for the Windfall Lake gold deposit; the timing and ability of Osisko, if at all, to publish a resource update for Windfall-Lynx; the projected capital expenditures of mining activities at the Osborne-Bell gold deposit; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource categories; the significance of historic exploration activities and results. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests in the Quévillon project and the Osborne-Bell Gold Deposit; the ability of the Corporation to obtain required approvals; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

For further information please contact:

John Burzynski
President and Chief Executive Officer

Telephone: (416) 363-8653

 

 

OSISKO MINING CLOSES $44.5 MILLION “BOUGHT DEAL” PRIVATE PLACEMENT OF FLOW THROUGH SHARES AND COMMON SHARES, INCLUDING FULL UNDERWRITERS’ OPTION

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

(Toronto, August 8, 2019) – Osisko Mining Inc. (TSX:OSK) (“Osisko” or the “Corporation”) is pleased to announce, further to its announcements on July 10, 2019, that it has completed a “bought deal” brokered private placement of (i) an aggregate of 6,089,250 common shares of the Corporation that will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (“Flow-Through Shares”) for aggregate gross proceeds of approximately $34.5 million, including the exercise in full of the underwriters’ option, and (ii) an aggregate of 3,175,000 common shares of the Corporation (“Common Shares”) at an issue price of $3.15 per Common Share for aggregate gross proceeds of approximately $10 million (the “Offering”). The total proceeds of the Offering are approximately $44.5 million.

The Offering was led by Canaccord Genuity Corp. on behalf of a syndicate of underwriters that included CIBC Capital Markets Inc., National Bank Financial Inc., BMO Capital Markets, Haywood Securities Inc., Cormark Securities Inc., Echelon Wealth Partners Inc., Industrial Alliance Securities Inc., Medalist Capital and Desjardins Securities Inc.

The gross proceeds from the sale of Flow-Through Shares will be used by the Corporation to incur eligible “Canadian exploration expenses” that will qualify as “flow-through mining expenditures” (within the meaning of Income Tax Act (Canada)) related to Osisko’s projects in Québec on or prior to December 31, 2020 for renunciation to subscribers of Flow-Through Shares effective December 31, 2019. The net proceeds from the sale of Common Shares will be used to fund exploration activities and for general corporate purposes.

All securities issued under the Offering will be subject to a hold period expiring four months and one day from the date hereof. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding the Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the use of proceeds of the Offering; the timing and ability of the Corporation, if at all, to obtain final approval of the Offering from the Toronto Stock Exchange; the tax treatment of the Flow-Through Shares; the timing of the tax renunciation to the subscribers; objectives, goals or future plans; statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

For further information please contact:

John Burzynski
President and Chief Executive Officer
Telephone: (416) 363-8653

OSISKO DISCOVERS SIGNIFICANT NEW WIDE HIGH-GRADE GOLD ZONE

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

“Triple Lynx” Discovered Between Triple 8 and Lynx

High-Grade Intercepts Include 47.8 g/t Au Over 12.1 Metres

Windfall Drill Program Increased by 200,000 Metres

(Toronto, July 23, 2019) Osisko Mining Inc. (OSK:TSX “Osisko” or the “Corporation”) is pleased to announce the discovery of a significant new area of mineralization at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.

Exploration drilling immediately below the main Lynx deposit to test the Windfall model has discovered four new high-grade zones in a new mineralized corridor named “Triple Lynx”. The new high-grade mineralized corridor lies below the main mafic unit associated with the Lynx deposit between vertical depths of 650 and 980 metres. This area of the Lynx deposit has no previous drilling and is open in all directions.

With the new discovery and recent discoveries at Windfall North, Lynx Extension and Triple 8, Osisko will increase the drill definition and exploration program at Windfall by an additional 200,000 metres for a total program of 1,000,000 metres drilling.

Osisko President and Chief Executive Officer John Burzynski commented: “With every additional hole we drill in and around Lynx, it appears more and more to be the main component of the Windfall system.  Today’s announcement of the discovery of another new corridor with wide and high-grade mineralization at Lynx is very good news.  Triple Lynx adds the potential to develop a whole new area of mineralization that may be of similar scale to what we’ve seen at the original Lynx discovery.  The Triple Lynx discovery area had not previously been drilled and represented a blank spot on our sections.  We have a significant open area to now drill out and see how this new discovery unfolds. We have moved four drills to Triple Lynx to immediately begin defining this exciting new zone.”

Hole No. From

(m)

To

(m)

Interval

(m)

Au (g/t)

uncut

Au (g/t)

cut to

100 g/t

OSK-W-17-1272 776.0 778.7 2.7 12.1  
  858.4 870.5 12.1 47.8 35.6
including 858.4 865.1 6.7 63.5 54.3
  1006.4 1010.8 4.4 34.1  
  1014.0 1016.0 2.0 38.3  

True width determination is estimated at 65-80% of the reported core length interval for the zone.

Hole Number Azimuth (°) Dip (°) Length (m) UTM E UTM N Elevation Section
OSK-W-17-1272 127 -60 In progress 453246 5435535 412 3675

The style of mineralization in the Triple Lynx discovery is very similar to the known Lynx deposit.  Mineralization is hosted in a moderately sericitized and strongly silicified rhyolite near the contact with gabbro and felsic intrusions. The mineralized intervals contain up to 10% fine-grained pyrite as disseminations and stringers, and traces of sphalerite – chalcopyrite with strong pervasive silica alteration, local quartz-tourmaline veinlets and local visible gold.

Maps and sections showing the location of the new analytical results are available at www.osiskomining.com.

Qualified Person

The scientific and technical content in this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of the Windfall Lake gold project, who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

 Quality Control and Reporting Protocols

True width determination is estimated at 65-80% of the reported core length interval for the zone. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at (i) ALS Laboratories in Val d’Or, Québec, Thunder Bay, Ontario, Sudbury, Ontario or Vancouver, British Colombia, or (ii) Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using an Aqua Regia-ICP-AES method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.

About the Windfall Lake Gold Deposit

The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by Osisko, as disclosed in the Windfall Lake Technical Report (as defined below) and November 27, 2018 Lynx resource update, comprises 2,874,000 tonnes at 8.17 g/t Au (754,000 ounces) in the indicated mineral resource category and 10,352,000 tonnes at 7.11 g/t Au (2,366,000 ounces) in the inferred mineral resource category. For details regarding the key assumptions, parameters and methods used to estimate the mineral resources presented in respect of the Windfall Lake gold project, please see the technical report entitled “Technical Report and Mineral Resource Estimate for the Windfall Lake Project, Windfall Lake and Urban-Barry Properties” and dated June 12, 2018 (effective date of May 14, 2018), which has been prepared by InnovExplo Inc. from Val-d’Or, Québec (the “Windfall Lake Technical Report”) and the press release “Osisko Releases Mineral Resource Update for Lynx” dated November 27, 2018, which has been prepared by Osisko and reviewed and approved by Micon International, Ltd. from Toronto, Ontario. The Windfall Lake Technical Report and press release are available on Osisko’s website at www.osiskomining.com and on SEDAR under Osisko’s issuer profile at www.sedar.com. The Windfall Lake gold deposit is currently one of the highest-grade resource-stage gold projects in Canada. Mineralization occurs in four principal zones: Lynx, Zone 27, Caribou and Underdog. All zones comprise sub-vertical lenses following intrusive porphyry contacts plunging to the northeast. The deposit is well defined from surface to a depth of 900 metres and remains open along strike and at depth. Mineralization has been identified 30 metres from surface in some areas and as deep as 2,000 metres in others, with significant potential to extend mineralization down-plunge and at depth.

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding the Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Windfall gold deposit being one of the highest grade resource-stage gold projects in Canada; the significance of results from the new infill drilling and ongoing drill definition and expansion program at the Windfall gold project; the significance of the new area of mineralization discovered named “Triple Lynx”; the new mineralized corridor named “Triple Lynx” being open in all directions; the expansion of the drill definition and exploration program at Windfall being extended by an additional 200,000 metres for a total drill program of 1,000,000 metres;  the new corridor being comprised of wide and high-grade mineralization; four drills being moved to “Triple Lynx”; the style of mineralization in the “Triple Lynx” discovery being similar to the known Lynx deposit; the significance assay results presented in this news release; the deposit remaining open along strike and at depth; potential depth extensions of the mineralized zones down-plunge and at depth; the actual mineralization of local visible gold; the current 1,000,000 metre drill program; the type of drilling included in the drill program; potential mineralization; the potential to extend mineralization up and down-plunge and at depth at the Windfall Lake gold deposit; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities, including the continuity or extension of any mineralization; and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests in the Windfall Lake gold project; the ability of the Corporation to obtain required approvals and complete transactions on terms announced; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions. Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information, Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

For further information please contact:

John Burzynski. President and Chief Executive Officer

Telephone: (416) 363-8653

 

Osisko Mining Announces C$10 MILLION “Bought Deal” 
PRIVATE PLACEMENT OF Common SHARES

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

(Toronto, July 10, 2019) – Osisko Mining Inc. (TSX:OSK) (“Osisko” or the “Corporation“) is pleased to announce that it has entered into an agreement with syndicate of underwriters led by Canaccord Genuity Corp. (the “Underwriter“) in connection with a “bought deal” private placement financing (the “Common Share Offering“) of an aggregate of 3,175,000 common shares (the “Common Shares”) of the Corporation at a price of C$3.15 for aggregate gross proceeds of C$10,001,250.

The Common Share Offering is in addition to the C$30 million offering of flow-through shares (the “Flow-Through Offering”) announced by the Corporation earlier today.

The gross proceeds from the issue and sale of the Common Shares will be used by the Corporation for general working capital purposes.

The Common Share Offering is expected to close on or about August 8, 2019, contemporaneously with the Flow-Through Offering.  Closing is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities. The Common Shares to be issued under the Common Share Offering will be subject to a hold period in Canada expiring four months and one day from the closing date of the Common Share Offering.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall Lake gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding the Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).

Cautionary Note Regarding Forward-Looking Information 

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. The information in this news release about the Offering; the use of the proceeds from the Offering; the jurisdictions in which the Common Shares will be offered or sold; the number of Common Shares offered or sold; the size of the offering; the timing and ability of the Corporation to close the offering, if at all; the timing and ability of the Corporation to satisfy the customary listing conditions of the Toronto Stock Exchange, if at all; the timing and ability of the Corporation to obtain all necessary approvals; and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of Osisko, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the Offering; volatility in the trading price of common shares of the Corporation; risks relating to the ability of the Corporation to obtain required approvals, complete definitive documentation and complete the Offering; the ability of Osisko to complete further exploration activities, including drilling; property interests; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; changes in the tax and regulatory regime; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

For further information please contact:

John Burzynski
President and Chief Executive Officer
Telephone: (416) 363-8653

Osisko Mining Announces C$30 MILLION “Bought Deal” 
PRIVATE PLACEMENT OF Flow-Through SHARES

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

(Toronto, July 10, 2019) – Osisko Mining Inc. (TSX:OSK) (“Osisko” or the “Corporation“) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. (collectively, the “Underwriters“) in connection with a “bought deal” private placement financing (the “Offering“) of an aggregate of 5,295,000 common shares of the Corporation that will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the “Flow-Through Shares“).

The Flow-Through Shares will be issued at a price of C$5.67 for aggregate gross proceeds of C$30,022,650.00. In addition, the Company will grant the Underwriters an option (the “Underwriter’s Option”) to sell an additional 794,250 Flow-Through Shares, at the Issue Price for additional gross proceeds of C$4,503,397.50 exercisable 48 hours prior to the Closing Date.

The gross proceeds from the issue and sale of the Flow-Through Shares will be used by the Corporation to incur eligible “Canadian exploration expenses” that will qualify as “flow-through mining expenditures” as such terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures“) related to the Corporation’s projects in Québec on or before December 31, 2020. All Qualifying Expenditures will be renounced in favour of the subscribers of the Flow-Through Shares effective December 31, 2019.

The Offering is expected to close on or about August 8, 2019 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities. The Flow-Through Shares to be issued under the Offering will be subject to a hold period in Canada expiring four months and one day from the closing date of the Offering.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall Lake gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding the Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. The information in this news release about the Offering; the use of the proceeds from the Offering; the jurisdictions in which the Flow-Through Shares will be offered or sold; the number of Flow-Through Shares offered or sold; the size of the Offering; the timing and ability of the Corporation to close the Offering, if at all; the timing and ability of the Corporation to satisfy the customary listing conditions of the Toronto Stock Exchange, if at all; the timing and ability of the Corporation to obtain all necessary approvals; the tax treatment of the securites issued under the Offerering under the Income Tax Act (Canada) and Taxation Act (Québec); the timing to renounce all Qualifying Expenditures in favour of the subscribers, if at all; and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of Osisko, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the Offering; volatility in the trading price of common shares of the Corporation; risks relating to the ability of the Corporation to obtain required approvals, complete definitive documentation and complete the Offering; the ability of Osisko to complete further exploration activities, including drilling; property interests; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; changes in the tax and regulatory regime; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. 

For further information please contact:

John Burzynski
President and Chief Executive Officer
Telephone: (416) 363-8653