Category: Windfall
OSISKO DRILLING RETURNS HIGH-GRADE AT WINDFALL
96.7 g/t Au Over 2.2 Metres in Triple Lynx
97.4 g/t Au Over 2.0 Metres in Underdog
(Toronto, July 20, 2021) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Significant new analytical results presented below include 96 intercepts in 25 drill holes (7 from surface, 18 from underground) and 20 wedges. The infill intercepts are located inside defined February 2021 mineral resource estimate (“MRE”) blocks (see Osisko news release dated February 17, 2021). The expansion intercepts are located outside the February 2021 MRE blocks and either expand resource wireframes or are in a defined zone or corridor but do not yet correlate to a specific wireframe.
Osisko Chief Executive Officer John Burzynski commented: “The drill program at Windfall continues to deliver positive results. Both headline holes are infill holes from two different zones. Further, the first two intervals in hole OSK-W-21-2123-W5 extended Lynx 4 wireframe-3170 25 meters to depth and the third interval is in an adjacent area currently being modelled. Expansion drilling in the Triple Lynx corridor following up on hole OSK-W-20-2371-W1 which intersected 123 g/t Au over 2.4 meters (see Osisko news release dated April 8, 2021) successfully intercepted this new zone with the last interval in hole OSK-W-21-2275-W7. All these results will be included in the resource estimate update by the end of the year”.
Selected high-grade intercepts include: 96.7 g/t Au over 2.2 metres and 29.3 g/t Au over 5.2 metres in WST-21-0824; 49.9 g/t Au over 4.0 metres in OSK-W-21-2503-W1; 97.4 g/t Au over 2.0 metres in OSK-W-21-2512-W1; 69.9 g/t Au over 2.4 metres in OSK-W-21-2522; 67.0 g/t Au over 2.1 metres in WST-21-0791; 28.7 g/t Au over 4.1 metres in WST-21-0797A; 51.9 g/t Au over 2.2 metres in OSK-W-21-2512. Maps showing hole locations and full analytical results are available at www.osiskomining.com.
Infill 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-21-1827-W5 | 520.7 | 523.0 | 2.3 | 6.06 | Caribou_2241 | Caribou | |
including | 520.7 | 521.7 | 1.0 | 13.4 | |||
OSK-W-21-1882-W4 | 452.0 | 454.0 | 2.0 | 4.47 | Caribou_2232 | Caribou | |
including | 453.4 | 454.0 | 0.6 | 14.1 | |||
790.9 | 793.0 | 2.1 | 6.17 | UDD_4100 | Underdog | ||
including | 791.2 | 791.5 | 0.3 | 32.4 | |||
OSK-W-21-2067-W9 | 1048.0 | 1050.0 | 2.0 | 10.1 | TLX_3183 | Triple Lynx | |
1069.0 | 1071.0 | 2.0 | 6.57 | TLX_3163 | Triple Lynx | ||
1107.6 | 1111.5 | 3.9 | 5.52 | TLX_3162 | Triple Lynx | ||
including | 1110.7 | 1111.1 | 0.4 | 11.9 | |||
1114.3 | 1116.9 | 2.6 | 6.47 | TLX_3170 | Triple Lynx | ||
including | 1115.1 | 1115.6 | 0.5 | 16.0 | |||
1122.0 | 1124.0 | 2.0 | 12.3 | TLX_3170 | Triple Lynx | ||
including | 1123.0 | 1123.5 | 0.5 | 26.1 | |||
1126.3 | 1133.0 | 6.7 | 9.09 | TLX_3170 | Triple Lynx | ||
including | 1126.6 | 1127.0 | 0.4 | 28.0 | |||
and | 1129.0 | 1130.0 | 1.0 | 24.7 | |||
OSK-W-21-2275-W7 | 793.0 | 795.2 | 2.2 | 13.2 | TLX_3171 | Triple Lynx | |
including | 794.2 | 794.5 | 0.3 | 37.1 | |||
OSK-W-21-2363-W5 | 700.0 | 702.0 | 2.0 | 3.67 | TLX_3177 | Triple Lynx | |
including | 700.6 | 701.4 | 0.8 | 9.11 | |||
760.0 | 762.0 | 2.0 | 5.15 | TLX_3171 | Triple Lynx | ||
including | 760.5 | 761.0 | 0.5 | 19.7 | |||
OSK-W-21-2478-W5 | 880.8 | 883.5 | 2.7 | 6.94 | TLX_3184 | Triple Lynx | |
including | 880.8 | 881.1 | 0.3 | 38.8 | |||
984.0 | 986.0 | 2.0 | 11.3 | TLX_3193 | Triple Lynx | ||
including | 985.0 | 985.3 | 0.3 | 71.4 | |||
OSK-W-21-2479-W5 | 956.2 | 958.5 | 2.3 | 14.2 | UDD_4910 | Underdog | |
including | 956.2 | 956.5 | 0.3 | 38.4 | |||
964.1 | 966.3 | 2.2 | 5.69 | UDD_4514 | Underdog | ||
including | 965.7 | 966.3 | 0.6 | 20.2 | |||
OSK-W-21-2492-W4 | 886.0 | 888.0 | 2.0 | 4.55 | LX4_3417 | Lynx 4 | |
OSK-W-21-2495-W1 | 652.2 | 654.5 | 2.3 | 4.20 | LXM_3304 | Lynx | |
including | 652.2 | 652.7 | 0.5 | 12.3 | |||
OSK-W-21-2503-W1 | 978.0 | 982.0 | 4.0 | 49.9 | 45.2 | TLX_3163 | Triple Lynx |
including | 978.4 | 979.1 | 0.7 | 127 | 100 | ||
1002.9 | 1005.0 | 2.1 | 5.90 | TLX_3164 | Triple Lynx | ||
including | 1004.6 | 1005.0 | 0.4 | 26.8 | |||
OSK-W-21-2503-W2 | 995.0 | 997.0 | 2.0 | 5.99 | TLX_3163 | Triple Lynx | |
1025.8 | 1028.0 | 2.2 | 9.54 | TLX_3164 | Triple Lynx | ||
1080.0 | 1082.0 | 2.0 | 37.1 | 18.1 | TLX_3162 | Triple Lynx | |
including | 1080.7 | 1081.0 | 0.3 | 227 | 100 | ||
1084.4 | 1088.0 | 3.6 | 5.14 | TLX_3162 | Triple Lynx | ||
including | 1084.4 | 1084.8 | 0.4 | 22.5 | |||
OSK-W-21-2512 | 735.8 | 738.0 | 2.2 | 51.9 | 26.4 | UDD_4104 | Underdog |
including | 736.2 | 736.7 | 0.5 | 212 | 100 | ||
OSK-W-21-2512-W1 | 765.0 | 767.0 | 2.0 | 97.4 | 50.1 | UDD_4104 | Underdog |
including | 766.0 | 767.0 | 1.0 | 195 | 100 | ||
992.8 | 994.8 | 2.0 | 12.2 | UDD_4910 | Underdog | ||
including | 993.9 | 994.8 | 0.9 | 25.7 | |||
OSK-W-21-2520 | 878.0 | 880.0 | 2.0 | 4.05 | UDD_4100 | Underdog | |
including | 878.9 | 879.4 | 0.5 | 15.3 | |||
OSK-W-21-2522 | 1003.5 | 1005.9 | 2.4 | 69.9 | 39.8 | LX4_3430 | Lynx 4 |
including | 1003.9 | 1004.6 | 0.7 | 203 | 100 | ||
OSK-W-21-2528 | 224.8 | 227.2 | 2.4 | 4.90 | Caribou_2100 | Caribou | |
OSK-W-21-2531 | 619.7 | 621.9 | 2.2 | 4.64 | Caribou_2233 | Caribou | |
including | 621.5 | 621.9 | 0.4 | 22.1 | |||
OSK-W-21-2532 | 512.0 | 514.0 | 2.0 | 10.6 | Caribou_2241 | Caribou | |
including | 512.0 | 512.4 | 0.4 | 40.5 | |||
WST-21-0759 | 127.9 | 130.0 | 2.1 | 10.5 | LXM_3334 | Lynx | |
337.0 | 341.6 | 4.6 | 6.33 | TLX_3167 | Triple Lynx | ||
including | 340.7 | 341.2 | 0.5 | 13.5 | |||
588.0 | 590.1 | 2.1 | 25.6 | LX4_3427 | Lynx 4 | ||
663.5 | 665.5 | 2.0 | 34.9 | 25.7 | LX4_3438 | Lynx 4 | |
including | 665.0 | 665.5 | 0.5 | 137 | 100 | ||
WST-21-0770 | 529.4 | 531.4 | 2.0 | 7.80 | LX4_3430 | Lynx 4 | |
WST-21-0791 | 97.9 | 101.6 | 3.7 | 4.57 | LXM_3313 | Lynx | |
163.0 | 165.0 | 2.0 | 13.3 | LXM_3304 | Lynx | ||
including | 163.0 | 163.9 | 0.9 | 29.2 | |||
167.5 | 169.8 | 2.3 | 14.8 | LXM_3304 | Lynx | ||
including | 169.3 | 169.8 | 0.5 | 42.0 | |||
298.8 | 301.2 | 2.4 | 4.80 | LHW_3215 | Lynx HW | ||
including | 299.6 | 300.3 | 0.7 | 16.0 | |||
WST-21-0792 | 169.5 | 172.0 | 2.5 | 5.69 | LXM_3304 | Lynx | |
including | 169.5 | 170.3 | 0.8 | 11.8 | |||
296.1 | 298.3 | 2.2 | 23.2 | LHW_3215 | Lynx HW | ||
including | 296.1 | 297.1 | 1.0 | 48.8 | |||
WST-21-0793A | 167.0 | 169.0 | 2.0 | 7.65 | LXM_3304 | Lynx | |
including | 167.3 | 167.7 | 0.4 | 28.5 | |||
240.6 | 242.6 | 2.0 | 4.99 | LHW_3221 | Lynx HW | ||
including | 241.5 | 242.3 | 0.8 | 11.4 | |||
WST-21-0794 | 282.0 | 284.0 | 2.0 | 6.73 | LHW_3215 | Lynx HW | |
290.0 | 292.0 | 2.0 | 4.11 | LHW_3215 | Lynx HW | ||
including | 291.3 | 291.7 | 0.4 | 19.9 | |||
WST-21-0797A | 125.6 | 127.6 | 2.0 | 45.5 | 23.9 | LXM_3334 | Lynx |
including | 126.3 | 126.7 | 0.4 | 208 | 100 | ||
335.3 | 341.4 | 6.1 | 15.5 | TLX_3131 | Triple Lynx | ||
including | 339.3 | 340.3 | 1.0 | 35.5 | |||
350.6 | 354.7 | 4.1 | 28.7 | 25.2 | TLX_3167 | Triple Lynx | |
including | 353.8 | 354.2 | 0.4 | 136 | 100 | ||
357.0 | 359.0 | 2.0 | 4.51 | TLX_3167 | Triple Lynx | ||
WST-21-0801 | 287.3 | 289.9 | 2.6 | 21.3 | Lynx SW | Lynx SW | |
WST-21-0807 | 325.4 | 327.8 | 2.4 | 3.74 | TLX_3167 | Triple Lynx | |
480.8 | 483.0 | 2.2 | 25.1 | LX4_3450 | Lynx 4 | ||
including | 481.8 | 482.5 | 0.7 | 72.1 | |||
WST-21-0816 | 69.0 | 71.4 | 2.4 | 4.88 | Z27_1115 | Zone 27 | |
WST-21-0818 | 67.7 | 69.9 | 2.2 | 5.79 | Z27_1115 | Zone 27 | |
WST-21-0822 | 62.4 | 64.4 | 2.0 | 6.39 | Z27_1102 | Zone 27 | |
117.6 | 119.8 | 2.2 | 16.2 | 14.2 | Z27 | Zone 27 | |
including | 118.5 | 118.8 | 0.3 | 114 | 100 | ||
WST-21-0824 | 261.6 | 263.8 | 2.2 | 96.7 | 27.1 | TLX_3161 | Triple Lynx |
including | 262.3 | 262.8 | 0.5 | 406 | 100 | ||
273.8 | 279.0 | 5.2 | 29.3 | TLX_3161 | Triple Lynx | ||
including | 275.0 | 276.0 | 1.0 | 89.0 | |||
283.5 | 285.5 | 2.0 | 3.59 | TLX_3161 | Triple Lynx | ||
WST-21-0829 | 149.0 | 152.1 | 3.1 | 5.66 | LXM_3334 | Lynx | |
WST-21-0838 | 344.0 | 346.0 | 2.0 | 4.30 | LSW_3556 | Lynx SW |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. Z27 = Zone 27, LSW = Lynx Southwest, LXM = Lynx Main, LX4 = Lynx 4, LHW = Lynx Hanging Wall, TLX = Triple Lynx and UDD = Underdog.
Expansion 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-21-1432-W3 | 950.0 | 952.5 | 2.5 | 37.5 | 32.7 | Lynx 4 | Lynx |
including | 951.0 | 951.5 | 0.5 | 124 | 100 | ||
OSK-W-21-1827-W4 | 1024.3 | 1026.5 | 2.2 | 4.14 | Underdog | Underdog | |
including | 1024.3 | 1024.6 | 0.3 | 20.0 | |||
OSK-W-21-2067-W8 | 996.0 | 999.0 | 3.0 | 4.34 | Triple Lynx | Triple Lynx | |
OSK-W-21-2123-W5 | 1220.0 | 1222.0 | 2.0 | 5.99 | Triple Lynx | Triple Lynx | |
including | 1220.0 | 1220.5 | 0.5 | 20.2 | |||
1233.0 | 1235.0 | 2.0 | 4.61 | Triple Lynx | Triple Lynx | ||
1293.3 | 1295.7 | 2.4 | 9.77 | Triple Lynx | Triple Lynx | ||
including | 1294.7 | 1295.7 | 1.0 | 19.8 | |||
OSK-W-21-2123-W6 | 1091.0 | 1093.0 | 2.0 | 6.76 | Triple Lynx | Triple Lynx | |
1144.0 | 1146.0 | 2.0 | 3.78 | Triple Lynx | Triple Lynx | ||
1176.0 | 1178.0 | 2.0 | 6.57 | Triple Lynx | Triple Lynx | ||
including | 1177.3 | 1177.6 | 0.3 | 43.2 | |||
OSK-W-21-2275-W7 | 766.9 | 769.0 | 2.1 | 3.55 | Triple Lynx | Triple Lynx | |
including | 766.9 | 767.2 | 0.3 | 24.5 | |||
782.5 | 785.0 | 2.5 | 5.95 | Triple Lynx | Triple Lynx | ||
including | 783.1 | 783.6 | 0.5 | 14.1 | |||
and | 784.5 | 785.0 | 0.5 | 14.6 | |||
862.0 | 864.0 | 2.0 | 5.04 | Triple Lynx | Triple Lynx | ||
including | 862.5 | 862.9 | 0.4 | 13.4 | |||
and | 863.7 | 864.0 | 0.3 | 12.6 | |||
1113.4 | 1115.6 | 2.2 | 9.82 | Triple Lynx | Triple Lynx | ||
OSK-W-21-2287-W2 | 1259.0 | 1261.0 | 2.0 | 4.68 | Lynx 4 | Lynx | |
OSK-W-21-2470-W5 | 1166.0 | 1168.2 | 2.2 | 7.34 | Triple Lynx | Triple Lynx | |
including | 1166.5 | 1167.6 | 1.1 | 14.6 | |||
OSK-W-21-2479-W5 | 475.0 | 477.0 | 2.0 | 3.79 | Z27 | Zone 27 | |
842.0 | 844.0 | 2.0 | 8.61 | Underdog | Underdog | ||
including | 842.5 | 843.3 | 0.8 | 21.4 | |||
OSK-W-21-2503-W2 | 981.0 | 983.1 | 2.1 | 4.27 | Triple Lynx | Triple Lynx | |
1040.0 | 1042.0 | 2.0 | 3.83 | Triple Lynx | Triple Lynx | ||
OSK-W-21-2512-W1 | 1009.0 | 1011.0 | 2.0 | 43.0 | 24.6 | Underdog | Underdog |
including | 1009.6 | 1010.0 | 0.4 | 192 | 100 | ||
OSK-W-21-2522-W1 | 849.0 | 851.0 | 2.0 | 3.76 | Lynx | Lynx | |
OSK-W-21-2528 | 283.0 | 285.0 | 2.0 | 4.97 | Caribou | Caribou | |
including | 284.3 | 285.0 | 0.7 | 13.4 | |||
526.0 | 528.0 | 2.0 | 3.85 | Z27 | Zone 27 | ||
OSK-W-21-2533 | 252.0 | 254.0 | 2.0 | 5.39 | F51 | F51 | |
WST-21-0682B | 400.0 | 403.8 | 3.8 | 11.9 | Lynx SW | Lynx SW | |
WST-21-0724 | 264.6 | 266.7 | 2.1 | 3.98 | Triple Lynx | Triple Lynx | |
including | 266.2 | 266.7 | 0.5 | 16.6 | |||
WST-21-0726 | 431.5 | 433.7 | 2.2 | 3.97 | Triple Lynx | Triple Lynx | |
including | 432.3 | 432.7 | 0.4 | 19.3 | |||
WST-21-0770 | 545.4 | 547.5 | 2.1 | 6.94 | Lynx 4 | Lynx | |
including | 546.4 | 546.9 | 0.5 | 18.5 | |||
WST-21-0791 | 237.9 | 240.0 | 2.1 | 67.0 | 23.9 | Lynx HW | Lynx |
including | 237.9 | 238.4 | 0.5 | 281 | 100 | ||
WST-21-0793A | 235.5 | 237.6 | 2.1 | 3.71 | Lynx HW | Lynx | |
including | 236.4 | 237.3 | 0.9 | 7.71 | |||
WST-21-0797A | 182.9 | 185.5 | 2.6 | 4.04 | Lynx | Lynx | |
380.2 | 382.4 | 2.2 | 35.9 | 24.2 | Triple Lynx | Triple Lynx | |
including | 382.1 | 382.4 | 0.3 | 186 | 100 | ||
WST-21-0829 | 359.6 | 363.0 | 3.4 | 6.81 | Triple Lynx | Triple Lynx | |
including | 362.0 | 363.0 | 1.0 | 15.5 |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. SW = Southwest, HW = Hanging Wall, Z27 = Zone 27.
Drill hole location
Hole Number | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation | Section |
OSK-W-21-1432-W3 | 132 | -55 | 1094 | 453811 | 5435779 | 400 | 4300 |
OSK-W-21-1827-W4 | 331 | -58 | 1046 | 452506 | 5434390 | 403 | 2475 |
OSK-W-21-1827-W5 | 331 | -58 | 1164 | 452506 | 5434390 | 403 | 2475 |
OSK-W-21-1882-W4 | 328 | -58 | 1074 | 452469 | 5434405 | 400 | 2450 |
OSK-W-21-2067-W8 | 123 | -53 | 1191 | 453241 | 5435697 | 416 | 3750 |
OSK-W-21-2067-W9 | 123 | -53 | 1164 | 453241 | 5435697 | 416 | 3750 |
OSK-W-21-2123-W5 | 126 | -57 | 1332 | 453235 | 5435774 | 409 | 3800 |
OSK-W-21-2123-W6 | 126 | -57 | 1346 | 453235 | 5435774 | 409 | 3800 |
OSK-W-21-2275-W7 | 127 | -49 | 1182 | 452888 | 5435583 | 409 | 3400 |
OSK-W-21-2287-W2 | 116 | -53 | 1392 | 453607 | 5435714 | 404 | 4075 |
OSK-W-21-2363-W5 | 139 | -52 | 1014 | 452930 | 5435548 | 419 | 3425 |
OSK-W-21-2470-W5 | 132 | -59 | 1203 | 453304 | 5435639 | 415 | 3775 |
OSK-W-21-2478-W5 | 128 | -54 | 1166 | 452997 | 5435607 | 425 | 3500 |
OSK-W-21-2479-W5 | 344 | -55 | 978 | 452315 | 5434419 | 399 | 2325 |
OSK-W-21-2492-W4 | 122 | -53 | 945 | 453687 | 5435676 | 401 | 4125 |
OSK-W-21-2495-W1 | 123 | -54 | 1301 | 453426 | 5435565 | 410 | 3850 |
OSK-W-21-2503-W1 | 126 | -58 | 1161 | 453333 | 5435641 | 413 | 3800 |
OSK-W-21-2503-W2 | 126 | -58 | 1199 | 453333 | 5435641 | 413 | 3800 |
OSK-W-21-2512 | 331 | -54 | 1041 | 452448 | 5434465 | 400 | 2475 |
OSK-W-21-2512-W1 | 331 | -54 | 1089 | 452448 | 5434465 | 400 | 2475 |
OSK-W-21-2520 | 337 | -56 | 1140 | 452596 | 5434392 | 401 | 2550 |
OSK-W-21-2522 | 128 | -54 | 1221 | 453451 | 5435594 | 411 | 3900 |
OSK-W-21-2522-W1 | 128 | -54 | 1116 | 453451 | 5435594 | 411 | 3900 |
OSK-W-21-2528 | 333 | -54 | 738 | 452469 | 5434682 | 403 | 2600 |
OSK-W-21-2531 | 344 | -62 | 1188 | 452566 | 5434415 | 403 | 2550 |
OSK-W-21-2532 | 341 | -60 | 1107 | 452480 | 5434428 | 401 | 2475 |
OSK-W-21-2533 | 159 | -45 | 321 | 453476 | 5436035 | 405 | 4125 |
WST-21-0682B | 129 | -64 | 472 | 453106 | 5435066 | 231 | 3325 |
WST-21-0724 | 131 | -64 | 295 | 453508 | 5435327 | -7 | 3800 |
WST-21-0726 | 149 | -64 | 454 | 453507 | 5435327 | -7 | 3800 |
WST-21-0759 | 141 | -43 | 680 | 453321 | 5435235 | 54 | 3600 |
WST-21-0770 | 129 | -43 | 835 | 453374 | 5435296 | -26 | 3675 |
WST-21-0791 | 129 | -21 | 355 | 453463 | 5435327 | 32 | 3775 |
WST-21-0792 | 126 | -20 | 346 | 453463 | 5435327 | 32 | 3775 |
WST-21-0793A | 127 | -16 | 322 | 453463 | 5435327 | 33 | 3775 |
WST-21-0794 | 121 | -11 | 315 | 453463 | 5435327 | 33 | 3775 |
WST-21-0797A | 138 | -46 | 751 | 453321 | 5435235 | 54 | 3600 |
WST-21-0801 | 139 | -54 | 418 | 452954 | 5435003 | 253 | 3175 |
WST-21-0807 | 144 | -42 | 508 | 453321 | 5435235 | 54 | 3600 |
WST-21-0816 | 164 | -4 | 109 | 451960 | 5434734 | 250 | 2175 |
WST-21-0818 | 167 | 1 | 106 | 451958 | 5434734 | 250 | 2175 |
WST-21-0822 | 129 | 29 | 124 | 451961 | 5434734 | 251 | 2175 |
WST-21-0824 | 156 | -70 | 343 | 453506 | 5435327 | -7 | 3800 |
WST-21-0829 | 131 | -49 | 576 | 453258 | 5435209 | 96 | 3525 |
WST-21-0838 | 131 | -56 | 366 | 453106 | 5435066 | 231 | 3325 |
Caribou Zone
Mineralization most commonly occurs in gold-bearing pyrite stockworks as well as semi-massive pyrite replacement zones associated with phyllic alteration (sericite-pyrite ± silica) with sulphides, pyrite dominated with minor chalcopyrite and sphalerite ranging from trace to up to 20%, and local visible gold. Mineralization is hosted in rhyolites or mafic-intermediate volcanics frequently at or near faults or the contact with felsic porphyritic intrusions.
Zone 27
Mineralization most commonly occurs as replacement-type characterized by 5% to 50% disseminated, stringer, semi-massive or stockwork pyrite, ptygmatic tourmaline veins, quartz-tourmaline crustiform veins, local quartz-carbonate veins, and local visible gold. Mineralization is associated with moderate to strong sericite, weak to strong silica, weak chlorite and carbonate and locally weak fuchsite and is hosted in strongly altered andesites, in or at the contact of the rhyolite, or along the contacts with felsic porphyritic intrusions.
Underdog
Mineralization most commonly occurs in gold-bearing quartz-pyrite (± tourmaline) veins and as disseminated, stringer, semi-massive to massive pyrite with minor sphalerite, chalcopyrite and molybdenite associated with strong sericite and silica alteration. Mineralization is hosted along the intrusive contacts of a three-phase composite felsic porphyritic unit which cross-cuts felsic and mafic volcanic sequences.
Lynx Zone
Mineralization occurs as grey to translucent quartz-carbonate-pyrite-tourmaline veins and pyrite replacement zones and stockworks. Vein-type mineralization is associated with haloes of pervasive sericite-pyrite ± silica alteration and contain sulphides (predominantly pyrite with minor amounts of chalcopyrite, sphalerite, galena, arsenopyrite, and pyrrhotite) and local visible gold. Replacement mineralization is associated with strong pervasive silica-sericite-ankerite ± tourmaline alteration and contains disseminated pyrite from trace to 80% with local visible gold. Pyrite stockworks can form envelopes that reach several tens of metres thick. Fuchsite alteration is common and is spatially constrained to near the gabbros. Mineralization occurs at or near geological contacts between felsic porphyritic or fragmental intrusions and the host rhyolites or gabbros and locally can be hosted along the gabbro-rhyolite contact.
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), Director of Exploration for Osisko’s Windfall 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 3.5 g/t Au diluted over core lengths of at least 2.0 metres. NQ core assays 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, Vancouver, British Colombia, Lima, Peru or Vientiane, Laos (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 a Four Acid Digestion-ICP-MS 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 Gold Deposit
The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The Mineral Resource Estimate (“MRE“) defined by Osisko, as disclosed in the news release dated February 17, 2021 is supported by the technical report entitled “Preliminary Economic Assessment Update for the Windfall Project” dated April 26, 2021 (that includes Windfall Mineral Resource Estimate with an effective date of November 30, 2020), and assuming a cut-off grade of 3.50 g/t Au, comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 17, 2021 news release are further described in the full technical report prepared by BBA Inc. in accordance with NI 43-101 and is available on SEDAR (www.sedar.com) under the Corporation’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 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 gold 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 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. Any statement that involves 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”, “potential”, “feasibility”, “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 Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate disclosed in this news release; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the amount and type of drilling to be completed and the timing to complete such drilling; the focus of the remaining infill drilling; the trend of grade increase; the Lynx zone remaining open to expansion down plunge; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the significance of historic exploration activities and results. 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 (infill) drilling; property and royalty interests in the Windfall 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.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653
OSISKO WINDFALL INFILL AND EXPANSION DRILLING CONTINUES TO ADD HIGH-GRADE
75.4 g/t Au Over 3.2 Metres in Triple Lynx
103 g/t Au Over 2.3 Metres and 105 g/t Au Over 2.0 Metres in Lynx
(Toronto, July 07, 2021) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Significant new analytical results presented below include 60 intercepts in 20 drill holes (5 from surface, 15 from underground) and 12 wedges. The infill intercepts are located inside defined February 2021 mineral resource estimate (“MRE”) blocks (see Osisko news release dated February 17, 2021). The expansion intercepts are located outside the February 2021 MRE blocks and either expand resource wireframes or are in a defined zone or corridor but do not yet correlate to a specific wireframe.
Osisko Chief Executive Officer John Burzynski commented: “Infill and expansion drilling from across the Windfall deposit continues to progress well. In particular, the focused infill drilling in all the Lynx zones consistently returns well distributed high-grade and expansion drilling is adding ounces. WST-21-0810 and OSK-W-21-2123-W5 both extended Triple Lynx wireframes, 25 metres and 40 meters at depth, respectively.”
Selected high-grade intercepts include: 75.4 g/t Au over 3.2 metres and 86.9 g/t Au over 2.4 metres in OSK-W-21-2470-W4; 103 g/t Au over 2.3 metres in WST-21-0722; 105 g/t Au over 2.0 metres in WST-21-0716; 29.5 g/t Au over 6.0 metres in OSK-W-21-2067-W8; 87.1 g/t Au over 2.0 metres in OSK-W-21-2067-W7; 42.3 g/t Au over 3.0 metres in OSK-W-21-1882-W3; 60.6 g/t Au over 2.0 metres in WST-21-0721 and 30.7 g/t Au over 3.9 metres in WST-21-0682B. Maps showing hole locations and full analytical results are available at www.osiskomining.com.
Infill 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-21-1882-W3 | 829.3 | 832.3 | 3.0 | 42.3 | UDD_4102 | Underdog | |
including | 831.3 | 832.3 | 1.0 | 85.2 | |||
936.0 | 938.0 | 2.0 | 4.12 | UDD_4511 | Underdog | ||
including | 936.0 | 936.5 | 0.5 | 16.3 | |||
OSK-W-21-2067-W7 | 1136.0 | 1138.0 | 2.0 | 87.1 | 20.1 | TLX_3172 | Triple Lynx |
including | 1136.8 | 1137.2 | 0.4 | 435 | 100 | ||
OSK-W-21-2067-W8 | 1112.0 | 1118.0 | 6.0 | 29.5 | 20.1 | TLX_3170 | Triple Lynx |
including | 1115.4 | 1116.1 | 0.7 | 181 | 100 | ||
OSK-W-21-2275-W7 | 675.0 | 677.0 | 2.0 | 4.70 | TLX_3196 | Triple Lynx | |
including | 675.4 | 676.0 | 0.6 | 14.6 | |||
OSK-W-21-2470-W4 | 956.0 | 958.0 | 2.0 | 3.85 | TLX_3163 | Triple Lynx | |
961.6 | 964.0 | 2.4 | 86.9 | 35.3 | TLX_3163 | Triple Lynx | |
including | 962.0 | 962.8 | 0.8 | 255 | 100 | ||
987.8 | 991.0 | 3.2 | 75.4 | 45.6 | TLX_3164 | Triple Lynx | |
including | 987.8 | 988.5 | 0.7 | 236 | 100 | ||
OSK-W-21-2478-W5 | 860.0 | 862.1 | 2.1 | 16.7 | TLX_3184 | Triple Lynx | |
including | 860.7 | 861.7 | 1.0 | 34.1 | |||
OSK-W-21-2479-W4 | 651.3 | 653.3 | 2.0 | 41.5 | 40.3 | UDD_4100 | Underdog |
including | 653.0 | 653.3 | 0.3 | 108 | 100 | ||
OSK-W-21-2503-W1 | 1022.8 | 1024.8 | 2.0 | 9.75 | TLX_3164 | Triple Lynx | |
including | 1024.2 | 1024.8 | 0.6 | 25.6 | |||
OSK-W-21-2520 | 639.0 | 643.2 | 4.2 | 9.87 | CA2_2206 | Caribou | |
including | 639.0 | 639.3 | 0.3 | 64.6 | |||
and | 642.5 | 643.2 | 0.7 | 26.3 | |||
OSK-W-21-2522-W1 | 655.2 | 657.3 | 2.1 | 10.0 | LXM_3304 | Lynx | |
including | 656.2 | 656.6 | 0.4 | 41.6 | |||
747.1 | 749.4 | 2.3 | 4.58 | LXM_3345 | Lynx | ||
including | 747.8 | 748.4 | 0.6 | 17.1 | |||
OSK-W-21-2523 | 503.5 | 507.7 | 4.2 | 4.27 | CA2_2247 | Caribou | |
including | 503.5 | 504.0 | 0.5 | 13.1 | |||
511.0 | 513.1 | 2.1 | 3.61 | CA2_2241 | Caribou | ||
522.7 | 529.0 | 6.3 | 8.53 | CA2_2233 | Caribou | ||
including | 528.4 | 529.0 | 0.6 | 39.7 | |||
OSK-W-21-2532 | 452.0 | 454.0 | 2.0 | 24.7 | Caribou_2232 | Caribou | |
including | 453.0 | 454.0 | 1.0 | 49.0 | |||
OSK-W-21-2534 | 558.4 | 560.6 | 2.2 | 9.81 | Caribou_2247 | Caribou | |
WST-21-0682A | 89.8 | 92.0 | 2.2 | 19.8 | LXM_3339 | Lynx | |
including | 90.1 | 91.0 | 0.9 | 47.7 | |||
WST-21-0682B | 105.5 | 107.6 | 2.1 | 6.82 | LXM_3311 | Lynx | |
including | 106.9 | 107.3 | 0.4 | 25.7 | |||
349.0 | 352.0 | 3.0 | 32.7 | 29.9 | TLX_3166 | Triple Lynx | |
including | 349.0 | 349.3 | 0.3 | 128 | 100 | ||
357.6 | 361.5 | 3.9 | 30.7 | TLX_3166 | Triple Lynx | ||
including | 358.0 | 358.6 | 0.6 | 68.0 | |||
and | 360.8 | 361.5 | 0.7 | 78.0 | |||
363.5 | 365.7 | 2.2 | 5.78 | TLX_3166 | Triple Lynx | ||
456.0 | 458.0 | 2.0 | 24.5 | TLX_3130 | Triple Lynx | ||
including | 456.0 | 456.6 | 0.6 | 74.6 | |||
WST-21-0716 | 26.5 | 28.5 | 2.0 | 22.1 | LXM_3303 | Lynx | |
including | 27.1 | 28.0 | 0.9 | 47.4 | |||
81.0 | 83.0 | 2.0 | 105 | 33.1 | LXM_3304 | Lynx | |
including | 81.4 | 82.0 | 0.6 | 339 | 100 | ||
87.0 | 89.0 | 2.0 | 17.7 | LXM_3304 | Lynx | ||
including | 87.0 | 87.7 | 0.7 | 50.4 | |||
WST-21-0720 | 80.2 | 82.5 | 2.3 | 8.25 | LXM_3336 | Lynx | |
including | 80.8 | 81.3 | 0.5 | 35.9 | |||
92.3 | 94.7 | 2.4 | 8.99 | LXM_3304 | Lynx | ||
WST-21-0721 | 92.0 | 94.0 | 2.0 | 60.6 | 60.2 | LXM_3304 | Lynx |
including | 92.4 | 93.6 | 1.2 | 101 | 100 | ||
WST-21-0722 | 25.3 | 27.6 | 2.3 | 103 | 25.2 | LXM_3303 | Lynx |
including | 26.5 | 27.0 | 0.5 | 459 | 100 | ||
WST-21-0759 | 325.1 | 327.2 | 2.1 | 3.96 | TLX_3131 | Triple Lynx | |
WST-21-0778 | 313.4 | 315.7 | 2.3 | 5.23 | TLX_3131 | Triple Lynx | |
including | 314.4 | 315.0 | 0.6 | 18.0 | |||
511.0 | 513.0 | 2.0 | 28.3 | LX4_3429 | Lynx 4 | ||
including | 512.0 | 513.0 | 1.0 | 51.5 | |||
WST-21-0789B | 325.6 | 327.9 | 2.3 | 8.20 | TLX_3166 | Triple Lynx | |
including | 325.9 | 326.8 | 0.9 | 17.0 | |||
WST-21-0801 | 306.5 | 308.6 | 2.1 | 11.5 | LSW_3556 | Lynx Southwest | |
including | 307.0 | 307.7 | 0.7 | 33.7 | |||
WST-21-0810 | 344.0 | 346.0 | 2.0 | 4.77 | TLX_3131 | Triple Lynx | |
373.0 | 376.0 | 3.0 | 5.08 | TLX_3167 | Triple Lynx | ||
531.0 | 533.0 | 2.0 | 33.8 | 25.2 | LX4_3450 | Lynx 4 | |
including | 532.1 | 532.6 | 0.5 | 135 | 100 | ||
736.8 | 738.9 | 2.1 | 22.2 | LX4_3412 | Lynx 4 | ||
including | 737.6 | 737.9 | 0.3 | 78.9 | |||
WST-21-0815 | 81.0 | 83.0 | 2.0 | 4.09 | Z27_1102 | Zone 27 | |
WST-21-0819A | 79.0 | 81.0 | 2.0 | 3.89 | Z27_1115 | Zone 27 | |
including | 80.1 | 81.0 | 0.9 | 8.45 | |||
WST-21-0820 | 92.5 | 95.0 | 2.5 | 3.56 | Z27_1102 | Zone 27 | |
WST-21-0827 | 247.7 | 250.0 | 2.3 | 13.4 | TLX_3161 | Triple Lynx |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. Z27 = Zone 27, CA2 = Caribou 2, LSW = Lynx Southwest, LXM = Lynx Main, LX4 = Lynx 4, TLX = Triple Lynx, and UDD = Underdog.
Expansion 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-21-2123-W5 | 1154.6 | 1159.0 | 4.4 | 16.6 | Triple Lynx | Lynx | |
including | 1154.6 | 1155.0 | 0.4 | 42.9 | |||
and | 1156.0 | 1156.4 | 0.4 | 61.4 | |||
and | 1157.6 | 1158.0 | 0.4 | 41.9 | |||
1203.0 | 1205.0 | 2.0 | 5.59 | Triple Lynx | Lynx | ||
including | 1203.8 | 1204.1 | 0.3 | 13.3 | |||
1209.0 | 1211.0 | 2.0 | 4.32 | Triple Lynx | Lynx | ||
OSK-W-21-2470-W3 | 956.8 | 958.8 | 2.0 | 45.7 | 30.6 | Triple Lynx | Lynx |
including | 957.3 | 957.9 | 0.6 | 151 | 100 | ||
989.8 | 991.8 | 2.0 | 16.2 | Triple Lynx | Lynx | ||
including | 991.2 | 991.5 | 0.3 | 80.1 | |||
OSK-W-21-2479-W4 | 426.0 | 428.0 | 2.0 | 19.2 | Zone 27 | Main Zone | |
including | 427.3 | 428.0 | 0.7 | 49.9 | |||
OSK-W-21-2480-W3 | 731.5 | 733.5 | 2.0 | 26.4 | Lynx | Lynx | |
including | 732.5 | 733.5 | 1.0 | 51.8 | |||
OSK-W-21-2523 | 409.5 | 412.0 | 2.5 | 7.42 | Caribou | Main Zone | |
including | 409.5 | 410.3 | 0.8 | 16.2 | |||
OSK-W-21-2540 | 824.5 | 826.5 | 2.0 | 4.94 | Lynx Main | Lynx | |
including | 825.9 | 826.5 | 0.6 | 15.8 | |||
WST-21-0682B | 375.0 | 377.0 | 2.0 | 4.08 | Lynx SW | Lynx | |
384.0 | 386.1 | 2.1 | 5.90 | Lynx SW | Lynx | ||
including | 385.6 | 386.1 | 0.5 | 24.2 | |||
WST-21-0759 | 29.7 | 32.0 | 2.3 | 6.83 | Lynx Main | Lynx | |
WST-21-0778 | 323.0 | 325.0 | 2.0 | 10.7 | Triple Lynx | Lynx | |
including | 323.3 | 323.6 | 0.3 | 69.0 | |||
WST-21-0789B | 371.0 | 373.0 | 2.0 | 4.42 | Triple Lynx | Lynx | |
including | 372.6 | 373.0 | 0.4 | 19.3 | |||
WST-21-0810 | 450.2 | 453.0 | 2.8 | 25.2 | Triple Lynx | Lynx | |
including | 452.5 | 453.0 | 0.5 | 96.7 |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. SW = Southwest.
Drill hole location
Hole Number | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation | Section |
OSK-W-21-1882-W3 | 328 | -58 | 1004 | 452469 | 5434405 | 400 | 2450 |
OSK-W-21-2067-W7 | 123 | -53 | 1166 | 453241 | 5435697 | 416 | 3750 |
OSK-W-21-2067-W8 | 123 | -53 | 1191 | 453241 | 5435697 | 416 | 3750 |
OSK-W-21-2123-W5 | 126 | -57 | 1332 | 453235 | 5435774 | 409 | 3800 |
OSK-W-21-2275-W7 | 127 | -49 | 1182 | 452888 | 5435583 | 409 | 3400 |
OSK-W-21-2470-W3 | 132 | -59 | 1209 | 453304 | 5435639 | 415 | 3775 |
OSK-W-21-2470-W4 | 132 | -59 | 1155 | 453304 | 5435639 | 415 | 3775 |
OSK-W-21-2478-W5 | 128 | -54 | 1166 | 452997 | 5435607 | 425 | 3500 |
OSK-W-21-2479-W4 | 344 | -55 | 761 | 452315 | 5434419 | 399 | 2325 |
OSK-W-21-2480-W3 | 121 | -55 | 810 | 453412 | 5435633 | 412 | 3875 |
OSK-W-21-2503-W1 | 126 | -58 | 1161 | 453333 | 5435641 | 413 | 3800 |
OSK-W-21-2520 | 337 | -56 | 1140 | 452596 | 5434392 | 401 | 2550 |
OSK-W-21-2522-W1 | 128 | -54 | 1116 | 453451 | 5435594 | 411 | 3900 |
OSK-W-21-2523 | 340 | -58 | 1107 | 452480 | 5434428 | 402 | 2475 |
OSK-W-21-2532 | 341 | -60 | 1107 | 452480 | 5434428 | 401 | 2475 |
OSK-W-21-2534 | 343 | -59 | 1203 | 452549 | 5434363 | 401 | 2500 |
OSK-W-21-2540 | 117 | -60 | 1025 | 453465 | 5435640 | 410 | 3925 |
WST-21-0682A | 133 | -66 | 139 | 453106 | 5435066 | 231 | 3325 |
WST-21-0682B | 129 | -64 | 472 | 453106 | 5435066 | 231 | 3325 |
WST-21-0716 | 160 | -3 | 97 | 453359 | 5435194 | 83 | 3625 |
WST-21-0720 | 162 | 2 | 103 | 453359 | 5435194 | 84 | 3625 |
WST-21-0721 | 166 | -1 | 103 | 453359 | 5435194 | 83 | 3625 |
WST-21-0722 | 166 | 1 | 106 | 453359 | 5435194 | 84 | 3625 |
WST-21-0759 | 141 | -43 | 680 | 453321 | 5435235 | 54 | 3600 |
WST-21-0778 | 145 | -31 | 534 | 453374 | 5435296 | -26 | 3675 |
WST-21-0789B | 125 | -55 | 381 | 453106 | 5435066 | 231 | 3325 |
WST-21-0801 | 139 | -54 | 418 | 452954 | 5435003 | 253 | 3175 |
WST-21-0810 | 138 | -47 | 765 | 453257 | 5435209 | 96 | 3525 |
WST-21-0815 | 159 | 0 | 99 | 451960 | 5434734 | 250 | 2175 |
WST-21-0819A | 173 | -2 | 100 | 451957 | 5434735 | 250 | 2175 |
WST-21-0820 | 179 | 18 | 115 | 451957 | 5434735 | 250 | 2175 |
WST-21-0827 | 145 | -66 | 313 | 453507 | 5435327 | -7 | 3800 |
Caribou Zone
Mineralization most commonly occurs in gold-bearing pyrite stockworks as well as semi-massive pyrite replacement zones associated with phyllic alteration (sericite-pyrite ± silica) with sulphides, pyrite dominated with minor chalcopyrite and sphalerite ranging from trace to up to 20%, and local visible gold. Mineralization is hosted in rhyolites or mafic-intermediate volcanics frequently at or near faults or the contact with felsic porphyritic intrusions.
Zone 27
Mineralization most commonly occurs as replacement-type characterized by 5% to 50% disseminated, stringer, semi-massive or stockwork pyrite, ptygmatic tourmaline veins, quartz-tourmaline crustiform veins, local quartz-carbonate veins, and local visible gold. Mineralization is associated with moderate to strong sericite, weak to strong silica, weak chlorite and carbonate and locally weak fuchsite and is hosted in strongly altered andesites, in or at the contact of the rhyolite, or along the contacts with felsic porphyritic intrusions.
Underdog
Mineralization most commonly occurs in gold-bearing quartz-pyrite (± tourmaline) veins and as disseminated, stringer, semi-massive to massive pyrite with minor sphalerite, chalcopyrite and molybdenite associated with strong sericite and silica alteration. Mineralization is hosted along the intrusive contacts of a three-phase composite felsic porphyritic unit which cross-cuts felsic and mafic volcanic sequences.
Lynx Zone
Mineralization occurs as grey to translucent quartz-carbonate-pyrite-tourmaline veins and pyrite replacement zones and stockworks. Vein-type mineralization is associated with haloes of pervasive sericite-pyrite ± silica alteration and contain sulphides (predominantly pyrite with minor amounts of chalcopyrite, sphalerite, galena, arsenopyrite, and pyrrhotite) and local visible gold. Replacement mineralization is associated with strong pervasive silica-sericite-ankerite ± tourmaline alteration and contains disseminated pyrite from trace to 80% with local visible gold. Pyrite stockworks can form envelopes that reach several tens of metres thick. Fuchsite alteration is common and is spatially constrained to near the gabbros. Mineralization occurs at or near geological contacts between felsic porphyritic or fragmental intrusions and the host rhyolites or gabbros and locally can be hosted along the gabbro-rhyolite contact.
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), Director of Exploration for Osisko’s Windfall 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 3.5 g/t Au diluted over core lengths of at least 2.0 metres. NQ core assays 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, Vancouver, British Colombia, Lima, Peru or Vientiane, Laos (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 a Four Acid Digestion-ICP-MS 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 Gold Deposit
The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The Mineral Resource Estimate (“MRE“) defined by Osisko, as disclosed in the news release dated February 17, 2021 is supported by the technical report entitled “Preliminary Economic Assessment Update for the Windfall Project” dated April 26, 2021 (that includes Windfall Mineral Resource Estimate with an effective date of November 30, 2020), and assuming a cut-off grade of 3.50 g/t Au, comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 17, 2021 news release are further described in the full technical report prepared by BBA Inc. in accordance with NI 43-101 and is available on SEDAR (www.sedar.com) under the Corporation’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 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 gold 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 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. Any statement that involves 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”, “potential”, “feasibility”, “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 Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate disclosed in this news release; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the amount and type of drilling to be completed and the timing to complete such drilling; the focus of the remaining infill drilling; the trend of grade increase; the Lynx zone remaining open to expansion down plunge; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the significance of historic exploration activities and results. 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 (infill) drilling; property and royalty interests in the Windfall 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.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653
OSISKO WINDFALL INFILL AND EXPANSION DRILLING ADDS HIGH-GRADE
232 g/t Au Over 2.0 Metres
195 g/t Au over 2.3 Metres
(Toronto, June 29, 2021) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Significant new analytical results presented below include 60 intercepts in 16 drill holes (8 from surface, 8 from underground) and 13 wedges. The infill intercepts are located inside defined February 2021 mineral resource estimate (“MRE”) blocks (see Osisko news release dated February 17, 2021). The expansion intercepts are located outside the February 2021 MRE blocks and either expand resource wireframes or are in a defined zone or corridor but do not yet correlate to a specific wireframe.
Osisko Chief Executive Officer John Burzynski commented: “Drilling at Windfall continues to progress well in both infill and expansion holes. Today’s result include four intervals greater than 180 g/t gold over two metres in three different zones in Lynx and Caribou. Also of note is hole WST-21-0706, which extends a Lynx Southwest wireframe 30 metres towards furface. Results continue to add confidence in the continuity of the deposit and our modelling.”
Selected high-grade intercepts include: 232 g/t Au over 2.0 metres in OSK-W-21-2522; 195 g/t Au over 2.3 metres in OSK-W-21-2470-W3; 180 g/t Au over 2.3 metres in OSK-W-21-777-W1; 186 g/t Au over 2.2 metres in WST-21-0725; 148 g/t Au over 2.2 metres in OSK-W-21-2478-W3; 16.0 g/t Au over 8.2 metres in WST-21-0734A; 24.2 g/t Au over 5.0 metres in OSK-W-21-2526; 52.3 g/t Au over 2.2 metres in OSK-W-21-2520. Maps showing hole locations and full analytical results are available at www.osiskomining.com.
Infill 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-17-777 | 821.0 | 823.4 | 2.4 | 3.91 | UDD_4116 | Underdog | |
1075.0 | 1077.0 | 2.0 | 11.1 | UDD_4915 | Underdog | ||
including | 1075.9 | 1076.2 | 0.3 | 67.3 | |||
OSK-W-17-838 | 674.0 | 676.0 | 2.0 | 8.27 | Caribou_2558 | Caribou | |
including | 674.9 | 675.3 | 0.4 | 40.7 | |||
OSK-W-20-2280-W8 | 996.0 | 998.3 | 2.3 | 31.4 | 30.2 | TLX_3163 | Triple Lynx |
including | 997.2 | 997.7 | 0.5 | 106 | 100 | ||
OSK-W-21-1827-W3 | 796.0 | 798.0 | 2.0 | 6.31 | UDD_4121 | Underdog | |
including | 796.9 | 797.3 | 0.4 | 27.0 | |||
OSK-W-21-1882-W3 | 809.7 | 812.0 | 2.3 | 3.63 | UDD_4100 | Underdog | |
including | 810.7 | 811.0 | 0.3 | 26.8 | |||
OSK-W-21-2067-W8 | 1029.0 | 1031.2 | 2.2 | 9.66 | TLX_3183 | Triple Lynx | |
1053.0 | 1055.0 | 2.0 | 20.8 | TLX_3163 | Triple Lynx | ||
1087.0 | 1089.0 | 2.0 | 12.8 | TLX_3162 | Triple Lynx | ||
1103.0 | 1105.0 | 2.0 | 7.17 | TLX_3170 | Triple Lynx | ||
including | 1104.0 | 1104.3 | 0.3 | 37.4 | |||
1126.0 | 1128.0 | 2.0 | 4.11 | TLX_3172 | Triple Lynx | ||
OSK-W-21-2275-W6 | 812.0 | 814.1 | 2.1 | 17.0 | 15.5 | TLX_3184 | Triple Lynx |
including | 813.5 | 813.8 | 0.3 | 111 | 100 | ||
OSK-W-21-2470-W4 | 967.0 | 969.0 | 2.0 | 15.5 | TLX_3163 | Triple Lynx | |
OSK-W-21-2478-W3 | 862.5 | 864.7 | 2.2 | 148 | 76.9 | TLX_3171 | Triple Lynx |
including | 863.4 | 864.3 | 0.9 | 252 | 100 | ||
875.1 | 877.2 | 2.1 | 14.4 | TLX_3184 | Triple Lynx | ||
including | 875.1 | 875.4 | 0.3 | 91.2 | |||
OSK-W-21-2479-W3 | 891.0 | 893.4 | 2.4 | 8.36 | UDD_4501 | Underdog | |
including | 892.0 | 892.7 | 0.7 | 23.6 | |||
OSK-W-21-2479-W4 | 662.9 | 665.0 | 2.1 | 9.62 | UDD_4102 | Underdog | |
including | 664.0 | 664.6 | 0.6 | 24.1 | |||
678.0 | 680.0 | 2.0 | 19.5 | UDD_4102 | Underdog | ||
including | 679.0 | 679.6 | 0.6 | 46.6 | |||
755.0 | 757.0 | 2.0 | 6.31 | UDD_4107 | Underdog | ||
OSK-W-21-2512 | 759.6 | 761.7 | 2.1 | 20.9 | UDD_4106 | Underdog | |
including | 759.6 | 760.5 | 0.9 | 47.3 | |||
781.0 | 783.0 | 2.0 | 22.2 | UDD_4106 | Underdog | ||
including | 781.8 | 782.4 | 0.6 | 72.1 | |||
862.0 | 864.3 | 2.3 | 6.75 | UDD_4905 | Underdog | ||
including | 864.0 | 864.3 | 0.3 | 23.8 | |||
OSK-W-21-2512-W1 | 667.0 | 671.7 | 4.7 | 12.1 | UDD_4116 | Underdog | |
including | 668.2 | 668.5 | 0.3 | 64.3 | |||
673.0 | 675.0 | 2.0 | 4.19 | UDD_4116 | Underdog | ||
including | 674.6 | 675.0 | 0.4 | 18.0 | |||
697.0 | 699.0 | 2.0 | 3.85 | UDD_4100 | Underdog | ||
OSK-W-21-2520 | 535.8 | 538.0 | 2.2 | 52.3 | 24.8 | Caribou_2232 | Caribou |
including | 537.5 | 538.0 | 0.5 | 221 | 100 | ||
541.0 | 543.0 | 2.0 | 5.92 | Caribou_2232 | Caribou | ||
including | 542.5 | 543.0 | 0.5 | 19.0 | |||
611.0 | 613.0 | 2.0 | 12.9 | Caribou_2233 | Caribou | ||
including | 611.6 | 612.2 | 0.6 | 39.3 | |||
653.0 | 655.0 | 2.0 | 25.0 | Caribou_2206 | Caribou | ||
including | 654.0 | 655.0 | 1.0 | 49.9 | |||
OSK-W-21-2522 | 654.0 | 656.0 | 2.0 | 3.88 | LXM_3304 | Lynx | |
746.3 | 748.3 | 2.0 | 232 | 37.2 | LXM_3345 | Lynx | |
including | 747.6 | 748.0 | 0.4 | 1075 | 100 | ||
OSK-W-21-2523 | 992.0 | 994.0 | 2.0 | 11.7 | UDD_4501 | Underdog | |
including | 993.0 | 994.0 | 1.0 | 23.3 | |||
OSK-W-21-2526 | 248.3 | 253.3 | 5.0 | 24.2 | F51_6008 | F-51 | |
including | 248.3 | 249.2 | 0.9 | 63.5 | |||
OSK-W-21-2534 | 538.3 | 540.4 | 2.1 | 17.5 | Caribou_2211 | Caribou | |
including | 538.3 | 538.7 | 0.4 | 53.0 | |||
543.0 | 545.4 | 2.4 | 25.9 | 21.6 | Caribou_2211 | Caribou | |
including | 543.0 | 543.5 | 0.5 | 121 | 100 | ||
WST-21-0682B | 116.0 | 118.0 | 2.0 | 6.21 | LXM_3311 | Lynx | |
WST-21-0725 | 238.6 | 240.8 | 2.2 | 186 | 56.9 | TLX_3161 | Triple Lynx |
including | 239.0 | 239.8 | 0.8 | 400 | 100 | ||
292.0 | 294.2 | 2.2 | 8.13 | TLX_3163 | Triple Lynx | ||
including | 293.6 | 294.2 | 0.6 | 26.8 | |||
WST-21-0727A | 328.0 | 330.1 | 2.1 | 18.6 | 17.5 | TLX_3163 | Triple Lynx |
including | 328.4 | 328.7 | 0.3 | 108 | 100 | ||
WST-21-0775 | 429.5 | 431.5 | 2.0 | 4.21 | TLX_3165 | Triple Lynx | |
WST-21-0790 | 283.0 | 285.1 | 2.1 | 12.9 | LXSW_3500 | Lynx SW | |
including | 283.4 | 283.7 | 0.3 | 87.9 | |||
WST-21-0824 | 304.9 | 307.5 | 2.6 | 11.4 | TLX_3185 | Triple Lynx | |
314.4 | 318.0 | 3.6 | 4.79 | TLX_3163 | Triple Lynx |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. UDD = Underdog, LXM = Lynx Main, TLX = Triple Lynx, and LXSW = Lynx Southwest.
Expansion 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-21-777-W1 | 377.6 | 381.6 | 4.0 | 8.48 | Caribou | Caribou | |
including | 377.6 | 377.9 | 0.3 | 46.2 | |||
442.4 | 444.7 | 2.3 | 180 | 33.5 | Caribou | Caribou | |
including | 444.3 | 444.7 | 0.4 | 942 | 100 | ||
OSK-W-21-2067-W8 | 1080.0 | 1082.0 | 2.0 | 4.39 | Triple Lynx | Triple Lynx | |
OSK-W-21-2470-W3 | 1151.0 | 1153.3 | 2.3 | 195 | 15.9 | Triple Lynx | Triple Lynx |
including | 1152.4 | 1152.7 | 0.3 | 1470 | 100 | ||
OSK-W-21-2478-W3 | 1055.0 | 1057.0 | 2.0 | 16.4 | Triple Lynx | Triple Lynx | |
including | 1056.5 | 1057.0 | 0.5 | 64.1 | |||
OSK-W-21-2479-W3 | 624.7 | 627.0 | 2.3 | 11.6 | UDD_4100 | Underdog | |
including | 625.1 | 625.5 | 0.4 | 61.4 | |||
OSK-W-21-2487-W5 | 691.5 | 693.5 | 2.0 | 14.8 | Lynx 4 | Lynx | |
OSK-W-21-2522 | 944.3 | 946.7 | 2.4 | 3.90 | Lynx 4 | Lynx | |
including | 946.2 | 946.7 | 0.5 | 11.1 | |||
OSK-W-21-2523 | 958.0 | 960.0 | 2.0 | 3.80 | Underdog | Underdog | |
1057.0 | 1059.0 | 2.0 | 7.28 | Underdog | Underdog | ||
1069.0 | 1071.0 | 2.0 | 6.76 | Underdog | Underdog | ||
including | 1069.8 | 1070.5 | 0.7 | 19.2 | |||
WST-21-0706 | 215.0 | 217.5 | 2.5 | 7.45 | Lynx SW | Lynx SW | |
including | 215.9 | 216.5 | 0.6 | 24.6 | |||
WST-21-0725 | 313.5 | 315.5 | 2.0 | 24.1 | Triple Lynx | Triple Lynx | |
including | 313.5 | 314.5 | 1.0 | 47.8 | |||
326.0 | 328.0 | 2.0 | 11.6 | Triple Lynx | Triple Lynx | ||
including | 327.0 | 328.0 | 1.0 | 22.8 | |||
WST-21-0734A | 259.1 | 267.3 | 8.2 | 16.0 | 12.3 | Lynx SW | Lynx SW |
including | 266.0 | 266.5 | 0.5 | 161 | 100 | ||
WST-21-0775 | 211.0 | 213.0 | 2.0 | 14.1 | Triple Lynx | Triple Lynx | |
WST-21-0790 | 327.0 | 329.3 | 2.3 | 7.41 | Lynx SW | Lynx SW | |
including | 327.9 | 328.2 | 0.3 | 54.3 |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. UDD = Underdog, SW = Southwest.
Drill hole location
Hole Number | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation | Section |
OSK-W-17-777 | 330 | -59 | 1221 | 452678 | 5434500 | 403 | 2675 |
OSK-W-17-838 | 329 | -65 | 726 | 453144 | 5434900 | 398 | 3275 |
OSK-W-20-2280-W8 | 127 | -58 | 1134 | 453304 | 5435639 | 415 | 3775 |
OSK-W-21-777-W1 | 330 | -59 | 969 | 452678 | 5434500 | 403 | 2675 |
OSK-W-21-1827-W3 | 331 | -58 | 996 | 452506 | 5434390 | 403 | 2475 |
OSK-W-21-1882-W3 | 328 | -58 | 1004 | 452469 | 5434406 | 400 | 2450 |
OSK-W-21-2067-W8 | 123 | -53 | 866 | 453241 | 5435696 | 415 | 3750 |
OSK-W-21-2275-W6 | 127 | -49 | 864 | 452888 | 5435583 | 409 | 3400 |
OSK-W-21-2470-W3 | 132 | -59 | 1209 | 453304 | 5435639 | 415 | 3775 |
OSK-W-21-2470-W4 | 132 | -59 | 1155 | 453304 | 5435639 | 415 | 3775 |
OSK-W-21-2478-W3 | 128 | -54 | 1080 | 452997 | 5435607 | 425 | 3500 |
OSK-W-21-2479-W3 | 344 | -55 | 1014 | 452315 | 5434419 | 399 | 2325 |
OSK-W-21-2479-W4 | 344 | -55 | 402 | 452315 | 5434419 | 399 | 2325 |
OSK-W-21-2487-W5 | 359 | -73 | 771 | 454135 | 5435058 | 397 | 4225 |
OSK-W-21-2512 | 331 | -54 | 855 | 452448 | 5434465 | 400 | 2475 |
OSK-W-21-2512-W1 | 331 | -54 | 1089 | 452448 | 5434465 | 400 | 2475 |
OSK-W-21-2520 | 337 | -56 | 351 | 452596 | 5434392 | 401 | 2550 |
OSK-W-21-2522 | 128 | -54 | 450 | 453451 | 5435594 | 411 | 3900 |
OSK-W-21-2523 | 340 | -58 | 1105 | 452480 | 5434428 | 402 | 2475 |
OSK-W-21-2526 | 159 | -44 | 287 | 453519 | 5436029 | 406 | 4150 |
OSK-W-21-2534 | 343 | -59 | 1203 | 452549 | 5434363 | 401 | 2500 |
WST-21-0682B | 129 | -64 | 472 | 453106 | 5435066 | 231 | 3325 |
WST-21-0706 | 165 | -54 | 417 | 453104 | 5435065 | 231 | 3325 |
WST-21-0725 | 160 | -67 | 391 | 453507 | 5435327 | -7 | 3800 |
WST-21-0727A | 146 | -69 | 361 | 453507 | 5435327 | -7 | 3800 |
WST-21-0734A | 129 | -56 | 360 | 452956 | 5435003 | 253 | 3175 |
WST-21-0775 | 153 | -44 | 469 | 453256 | 5435210 | 95 | 3525 |
WST-21-0790 | 171 | -65 | 406 | 453104 | 5435065 | 231 | 3325 |
WST-21-0824 | 156 | -70 | 343 | 453506 | 5435327 | -7 | 3800 |
Caribou Zone
Mineralization most commonly occurs in gold-bearing pyrite stockworks as well as semi-massive pyrite replacement zones associated with phyllic alteration (sericite-pyrite ± silica) with sulphides, pyrite dominated with minor chalcopyrite and sphalerite ranging from trace to up to 20%, and local visible gold. Mineralization is hosted in rhyolites or mafic-intermediate volcanics frequently at or near faults or the contact with felsic porphyritic intrusions.
F-Zones
Mineralization is hosted in sheared andesites with carbonate replacement or quartz veining and occurs as quartz ± ankerite veinlets or as replacement type in shear zones and is characterised by trace to 10% pyrite with local visible gold. Alteration is dominated by sericite-fuchsite-tourmaline-pyrite.
Underdog
Mineralization most commonly occurs in gold-bearing quartz-pyrite (± tourmaline) veins and as disseminated, stringer, semi-massive to massive pyrite with minor sphalerite, chalcopyrite and molybdenite associated with strong sericite and silica alteration. Mineralization is hosted along the intrusive contacts of a three-phase composite felsic porphyritic unit which cross-cuts felsic and mafic volcanic sequences.
Lynx Zone
Mineralization occurs as grey to translucent quartz-carbonate-pyrite-tourmaline veins and pyrite replacement zones and stockworks. Vein-type mineralization is associated with haloes of pervasive sericite-pyrite ± silica alteration and contain sulphides (predominantly pyrite with minor amounts of chalcopyrite, sphalerite, galena, arsenopyrite, and pyrrhotite) and local visible gold. Replacement mineralization is associated with strong pervasive silica-sericite-ankerite ± tourmaline alteration and contains disseminated pyrite from trace to 80% with local visible gold. Pyrite stockworks can form envelopes that reach several tens of metres thick. Fuchsite alteration is common and is spatially constrained to near the gabbros. Mineralization occurs at or near geological contacts between felsic porphyritic or fragmental intrusions and the host rhyolites or gabbros and locally can be hosted along the gabbro-rhyolite contact.
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), Director of Exploration for Osisko’s Windfall 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 3.5 g/t Au diluted over core lengths of at least 2.0 metres. NQ core assays 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, Vancouver, British Colombia, Lima, Peru or Vientiane, Laos (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 a Four Acid Digestion-ICP-MS 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 Gold Deposit
The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The Mineral Resource Estimate (“MRE“) defined by Osisko, as disclosed in the news release dated February 17, 2021 is supported by the technical report entitled “Preliminary Economic Assessment Update for the Windfall Project” dated April 26, 2021 (that includes Windfall Mineral Resource Estimate with an effective date of November 30, 2020), and assuming a cut-off grade of 3.50 g/t Au, comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 17, 2021 news release are further described in the full technical report prepared by BBA Inc. in accordance with NI 43-101 and is available on SEDAR (www.sedar.com) under the Corporation’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 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 gold 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 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. Any statement that involves 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”, “potential”, “feasibility”, “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 Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate disclosed in this news release; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the amount and type of drilling to be completed and the timing to complete such drilling; the focus of the remaining infill drilling; the trend of grade increase; the Lynx zone remaining open to expansion down plunge; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the significance of historic exploration activities and results. 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 (infill) drilling; property and royalty interests in the Windfall 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.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653
OSISKO WINDFALL INFILL AND EXPANSION DRILLING ADDS HIGH-GRADE
385 g/t Au Over 2.1 Metres
45.5 g/t Au over 4.1 Metres
(Toronto, June 23, 2021) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Significant new analytical results presented below include 94 intercepts in 30 drill holes (15 from surface, 14 from underground) and 25 wedges. The infill intercepts are located inside defined February 2021 mineral resource estimate (“MRE”) blocks (see Osisko news release dated February 17, 2021). The expansion intercepts are located outside the February 2021 MRE blocks and either expand resource wireframes or are in a defined zone or corridor but do not yet correlate to a specific wireframe.
Osisko Chief Executive Officer John Burzynski commented: “This week’s results from both infill and expansion drilling again report high-grade numbers from across the Windfall deposit. Windfall is performing consistently and continuously as we move into the final stretch of resource-oriented drilling.”
Selected high-grade intercepts include: 385 g/t Au over 2.1 metres in OSK-W-21-2492-W2; 45.5 g/t Au over 4.1 metres in OSK-W-21-777-W1; 28.8 g/t Au over 4.3 metres in WST-21-0789B; 45.8 g/t Au over 2.5 metres and 26.0 g/t Au over 3.8 metres in OSK-W-21-2505; 46.6 g/t Au over 2.4 metres in WST-20-0318; and 21.3 g/t Au over 4.8 metres in OSK-W-20-2397-W1. Maps showing hole locations and full analytical results are available at www.osiskomining.com
Infill 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-19-1827-W1 | 1004.8 | 1007.0 | 2.2 | 13.8 | UDD_4510 | Underdog | |
OSK-W-20-2275-W2 | 949.0 | 951.0 | 2.0 | 12.5 | TLX_3199 | Triple Lynx | |
OSK-W-20-2292-W2 | 830.0 | 832.0 | 2.0 | 4.89 | TLX_3161 | Triple Lynx | |
OSK-W-20-2313-W10 | 625.7 | 627.7 | 2.0 | 4.44 | TLX_3178 | Triple Lynx | |
OSK-W-20-2371-W1 | 556.2 | 558.4 | 2.2 | 8.73 | TLX_3184 | Triple Lynx | |
OSK-W-20-2397-W1 | 666.5 | 671.3 | 4.8 | 21.3 | 18.3 | LXM_3304 | Lynx |
including | 670.4 | 671.0 | 0.6 | 125 | 100 | ||
OSK-W-20-2423 | 1084.9 | 1087.0 | 2.1 | 7.25 | UDD_4911 | Underdog | |
including | 1085.6 | 1086.0 | 0.4 | 27.0 | |||
OSK-W-21-777-W1 | 569.1 | 573.2 | 4.1 | 45.5 | 30.4 | Caribou_2211 | Caribou |
including | 572.8 | 573.2 | 0.4 | 255 | 100 | ||
OSK-W-21-1827-W3 | 1089.0 | 1091.0 | 2.0 | 5.02 | UDD_4513 | Underdog | |
including | 1089.0 | 1089.3 | 0.3 | 32.1 | |||
OSK-W-21-1882-W1 | 800.0 | 802.2 | 2.2 | 28.1 | UDD_4100 | Underdog | |
including | 801.0 | 802.2 | 1.2 | 46.6 | |||
OSK-W-21-1882-W2 | 491.0 | 493.0 | 2.0 | 6.77 | Caribou_2231 | Caribou | |
OSK-W-21-1882-W3 | 486.5 | 491.1 | 4.6 | 5.41 | Caribou_2231 | Caribou | |
including | 490.6 | 491.1 | 0.5 | 26.2 | |||
OSK-W-21-2067-W7 | 1095.0 | 1098.4 | 3.4 | 16.6 | 14.0 | TLX_3162 | Triple Lynx |
including | 1097.3 | 1097.6 | 0.3 | 130 | 100 | ||
and | 1098.1 | 1098.4 | 0.3 | 38.6 | |||
OSK-W-21-2275-W6 | 800.0 | 802.0 | 2.0 | 10.5 | TLX_3171 | Triple Lynx | |
including | 800.9 | 801.5 | 0.6 | 28.8 | |||
820.0 | 822.1 | 2.1 | 3.78 | TLX_3184 | Triple Lynx | ||
including | 821.6 | 822.1 | 0.5 | 13.6 | |||
OSK-W-21-2463-W3 | 839.6 | 841.7 | 2.1 | 19.0 | UDD_4110 | Underdog | |
including | 840.2 | 840.5 | 0.3 | 85.0 | |||
961.4 | 965.2 | 3.8 | 4.80 | UDD_4102 | Underdog | ||
977.0 | 979.0 | 2.0 | 8.42 | UDD_4102 | Underdog | ||
1116.0 | 1118.0 | 2.0 | 7.52 | UDD_4911 | Underdog | ||
including | 1116.4 | 1117.1 | 0.7 | 20.7 | |||
1140.0 | 1144.3 | 4.3 | 13.0 | UDD_4513 | Underdog | ||
including | 1142.3 | 1143.0 | 0.7 | 26.7 | |||
1191.0 | 1193.0 | 2.0 | 4.46 | UDD_4514 | Underdog | ||
including | 1191.7 | 1192.1 | 0.4 | 20.6 | |||
OSK-W-21-2478-W3 | 878.2 | 880.6 | 2.4 | 8.64 | TLX_3184 | Triple Lynx | |
including | 879.0 | 879.6 | 0.6 | 31.6 | |||
OSK-W-21-2479-W1 | 627.0 | 629.2 | 2.2 | 10.6 | UDD_4100 | Underdog | |
including | 627.0 | 627.5 | 0.5 | 32.4 | |||
907.9 | 910.0 | 2.1 | 12.8 | UDD_4910 | Underdog | ||
including | 907.9 | 908.7 | 0.8 | 27.4 | |||
OSK-W-21-2479-W3 | 669.7 | 672.3 | 2.6 | 12.4 | UDD_4100 | Underdog | |
including | 671.3 | 672.3 | 1.0 | 29.4 | |||
683.0 | 685.1 | 2.1 | 17.1 | UDD_4102 | Underdog | ||
including | 684.5 | 685.1 | 0.6 | 54.0 | |||
693.6 | 698.0 | 4.4 | 14.5 | UDD_4104 | Underdog | ||
including | 694.6 | 695.0 | 0.4 | 33.6 | |||
703.0 | 705.4 | 2.4 | 8.44 | UDD_4104 | Underdog | ||
including | 704.9 | 705.4 | 0.5 | 23.8 | |||
921.0 | 923.0 | 2.0 | 9.81 | UDD_4513 | Underdog | ||
949.2 | 951.6 | 2.4 | 6.45 | UDD_4910 | Underdog | ||
960.0 | 962.0 | 2.0 | 5.30 | UDD_4910 | Underdog | ||
including | 960.5 | 960.9 | 0.4 | 25.7 | |||
967.7 | 971.6 | 3.9 | 8.29 | UDD_4514 | Underdog | ||
including | 971.0 | 971.6 | 0.6 | 34.6 | |||
OSK-W-21-2486 | 814.5 | 816.8 | 2.3 | 9.02 | UDD_4121 | Underdog | |
including | 815.7 | 816.0 | 0.3 | 20.1 | |||
and | 816.5 | 816.8 | 0.3 | 39.6 | |||
1030.0 | 1032.0 | 2.0 | 4.19 | UDD_4515 | Underdog | ||
including | 1030.4 | 1031.0 | 0.6 | 10.8 | |||
1106.0 | 1108.2 | 2.2 | 3.96 | UDD_4510 | Underdog | ||
including | 1107.5 | 1107.9 | 0.4 | 15.9 | |||
OSK-W-21-2487-W4 | 672.0 | 674.4 | 2.4 | 20.8 | LX4_3414 | Lynx 4 | |
including | 672.6 | 673.2 | 0.6 | 56.2 | |||
OSK-W-21-2487-W5 | 700.5 | 702.9 | 2.4 | 12.4 | LX4_3414 | Lynx | |
including | 702.3 | 702.9 | 0.6 | 49.4 | |||
OSK-W-21-2492-W2 | 783.6 | 785.7 | 2.1 | 385 | 67.9 | LX4_3414 | Lynx 4 |
including | 784.3 | 784.7 | 0.4 | 1710 | 100 | ||
OSK-W-21-2499 | 201.9 | 204.0 | 2.1 | 4.65 | F51_6008 | F-51 | |
OSK-W-21-2503 | 1069.0 | 1071.0 | 2.0 | 3.65 | TLX_3162 | Triple Lynx | |
1080.0 | 1082.1 | 2.1 | 39.3 | TLX_3162 | Triple Lynx | ||
including | 1080.3 | 1081.1 | 0.8 | 96.5 | |||
OSK-W-21-2505 | 198.2 | 202.0 | 3.8 | 26.0 | 24.6 | F51_6008 | F-51 |
including | 201.0 | 201.5 | 0.5 | 111 | 100 | ||
206.0 | 208.5 | 2.5 | 45.8 | F51_6008 | F-51 | ||
including | 208.0 | 208.5 | 0.5 | 97.3 | |||
OSK-W-21-2512 | 994.5 | 997.6 | 3.1 | 13.5 | UDD_4514 | Underdog | |
including | 994.5 | 995.0 | 0.5 | 63.7 | |||
and | 997.0 | 997.6 | 0.6 | 16.1 | |||
OSK-W-21-2512-W1 | 430.0 | 432.0 | 2.0 | 7.95 | Caribou_2211 | Caribou | |
731.0 | 733.0 | 2.0 | 5.00 | UDD_4102 | Underdog | ||
including | 731.7 | 732.2 | 0.5 | 19.4 | |||
OSK-W-21-2514 | 548.8 | 551.0 | 2.2 | 22.2 | Caribou_2526 | Caribou | |
including | 548.8 | 549.7 | 0.9 | 52.3 | |||
OSK-W-21-2518 | 265.0 | 267.1 | 2.1 | 4.33 | F51_6008 | F-51 | |
including | 265.0 | 265.4 | 0.4 | 22.1 | |||
OSK-W-21-2520 | 551.0 | 553.0 | 2.0 | 18.1 | Caribou_2211 | Caribou | |
including | 551.0 | 551.5 | 0.5 | 40.5 | |||
OSK-W-21-2523 | 880.0 | 883.0 | 3.0 | 15.1 | UDD_4107 | Underdog | |
including | 882.0 | 883.0 | 1.0 | 33.8 | |||
OSK-W-21-2526 | 254.8 | 257.2 | 2.4 | 7.74 | F51_6008 | F-51 | |
including | 256.8 | 257.2 | 0.4 | 32.5 | |||
WST-20-0318 | 70.6 | 73.0 | 2.4 | 46.6 | LXM_3311 | Lynx | |
including | 71.6 | 72.6 | 1.0 | 100 | |||
WST-20-0472 | 108.0 | 110.0 | 2.0 | 39.4 | LXM_3304 | Lynx | |
including | 108.0 | 108.7 | 0.7 | 100 | |||
WST-21-0642 | 140.9 | 143.2 | 2.3 | 5.43 | Bobcat_2350 | Bobcat | |
including | 142.8 | 143.2 | 0.4 | 16.2 | |||
WST-21-0645 | 92.0 | 94.0 | 2.0 | 3.90 | Bobcat_2350 | Bobcat | |
including | 92.0 | 92.6 | 0.6 | 12.3 | |||
WST-21-0647 | 271.0 | 273.0 | 2.0 | 5.55 | TLX_3131 | Triple Lynx | |
WST-21-0774 | 175.0 | 177.3 | 2.3 | 25.1 | TLX_3161 | Triple Lynx | |
WST-21-0789B | 331.0 | 333.2 | 2.2 | 20.9 | 15.9 | TLX_3166 | Triple Lynx |
including | 332.0 | 332.3 | 0.3 | 137 | 100 | ||
WST-21-0797 | 127.0 | 129.1 | 2.1 | 38.2 | 32.1 | LXM_3334 | Lynx |
including | 127.9 | 128.4 | 0.5 | 126 | 100 | ||
WST-21-0800 | 277.6 | 279.6 | 2.0 | 41.0 | LXSW_3556 | Lynx SW | |
including | 277.6 | 278.5 | 0.9 | 88.5 | |||
309.5 | 311.6 | 2.1 | 3.80 | LXSW_3556 | Lynx SW | ||
including | 310.4 | 310.8 | 0.4 | 11.5 | |||
WST-21-0812 | 188.8 | 190.9 | 2.1 | 13.5 | LXSW_3507 | Lynx SW | |
including | 190.1 | 190.9 | 0.8 | 35.0 |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. UDD = Underdog, LXM = Lynx Main, LX4 = Lynx 4, TLX = Triple Lynx, and LXSW = Lynx Southwest.
Expansion 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-20-2406 | 489.3 | 492.0 | 2.7 | 3.89 | Caribou | Caribou | |
including | 490.2 | 491.0 | 0.8 | 12.8 | |||
OSK-W-21-777-W1 | 817.0 | 819.1 | 2.1 | 3.64 | Underdog | Underdog | |
OSK-W-21-777-W2 | 1014.0 | 1016.0 | 2.0 | 8.54 | Underdog | Underdog | |
including | 1014.0 | 1014.7 | 0.7 | 23.0 | |||
1032.9 | 1035.5 | 2.6 | 8.71 | Underdog | Underdog | ||
including | 1035.1 | 1035.5 | 0.4 | 17.7 | |||
OSK-W-21-1882-W1 | 861.7 | 863.7 | 2.0 | 4.21 | Underdog | Underdog | |
including | 863.0 | 863.7 | 0.7 | 12.0 | |||
OSK-W-21-2275-W6 | 830.0 | 832.0 | 2.0 | 6.12 | Triple Lynx | Triple Lynx | |
including | 830.5 | 830.8 | 0.3 | 38.2 | |||
OSK-W-21-2444 | 140.7 | 143.3 | 2.6 | 12.9 | Caribou | Caribou | |
183.8 | 186.4 | 2.6 | 18.4 | 13.9 | Caribou | Caribou | |
including | 184.7 | 185.0 | 0.3 | 139 | 100 | ||
OSK-W-21-2463-W2 | 797.0 | 799.2 | 2.2 | 3.79 | Underdog | Underdog | |
1046.9 | 1049.0 | 2.1 | 6.01 | Underdog | Underdog | ||
OSK-W-21-2463-W3 | 1012.8 | 1015.1 | 2.3 | 3.60 | Underdog | Underdog | |
including | 1013.3 | 1013.8 | 0.5 | 9.75 | |||
1078.0 | 1080.2 | 2.2 | 11.0 | Underdog | Underdog | ||
including | 1079.6 | 1080.2 | 0.6 | 35.4 | |||
OSK-W-21-2479-W1 | 618.8 | 621.0 | 2.2 | 15.3 | Underdog | Underdog | |
including | 618.8 | 619.2 | 0.4 | 67.7 | |||
854.7 | 856.8 | 2.1 | 4.37 | Underdog | Underdog | ||
896.0 | 898.0 | 2.0 | 8.16 | Underdog | Underdog | ||
including | 896.9 | 897.6 | 0.7 | 22.7 | |||
OSK-W-21-2479-W2 | 624.6 | 627.1 | 2.5 | 8.19 | Underdog | Underdog | |
including | 625.3 | 625.9 | 0.6 | 32.4 | |||
950.9 | 953.0 | 2.1 | 4.20 | Underdog | Underdog | ||
including | 950.9 | 951.4 | 0.5 | 16.6 | |||
974.0 | 976.0 | 2.0 | 16.3 | Underdog | Underdog | ||
OSK-W-21-2479-W3 | 465.0 | 467.0 | 2.0 | 4.74 | Z27 | Zone 27 | |
483.1 | 485.7 | 2.6 | 11.3 | Z27_1204 | Zone 27 | ||
including | 485.0 | 485.7 | 0.7 | 30.0 | |||
OSK-W-21-2479-W4 | 473.0 | 475.0 | 2.0 | 8.15 | Z27 | Zone 27 | |
including | 473.4 | 474.0 | 0.6 | 24.7 | |||
OSK-W-21-2483 | 382.0 | 384.0 | 2.0 | 6.33 | Caribou | Caribou | |
OSK-W-21-2490 | 369.0 | 371.0 | 2.0 | 6.04 | Caribou | Caribou | |
OSK-W-21-2512 | 430.2 | 432.3 | 2.1 | 4.71 | Caribou | Caribou | |
OSK-W-21-2523 | 733.6 | 736.1 | 2.5 | 4.79 | Underdog | Underdog | |
WST-21-0663 | 74.7 | 77.8 | 3.1 | 20.5 | Bobcat | Bobcat | |
including | 77.3 | 77.8 | 0.5 | 94.9 | |||
WST-21-0800 | 100.2 | 102.2 | 2.0 | 8.71 | Bobcat | Bobcat | |
including | 100.2 | 101.3 | 1.1 | 15.8 | |||
WST-21-0727A | 358.1 | 360.8 | 2.7 | 6.84 | Triple Lynx | Triple Lynx | |
including | 358.1 | 359.0 | 0.9 | 16.2 | |||
WST-21-0756 | 352.2 | 354.7 | 2.5 | 6.91 | Triple Lynx | Triple Lynx | |
WST-21-0789B | 248.0 | 250.0 | 2.0 | 37.4 | 35.1 | Lynx SW | Lynx SW |
including | 248.0 | 248.7 | 0.7 | 107 | 100 | ||
301.1 | 305.4 | 4.3 | 28.8 | Lynx SW | Lynx SW | ||
including | 301.1 | 302.1 | 1.0 | 78.4 | |||
WST-21-0795A | 403.9 | 406.0 | 2.1 | 3.98 | Lynx 4 | Lynx | |
including | 403.9 | 404.4 | 0.5 | 11.5 |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. Z27 = Zone 27, SW = Southwest.
Drill hole location
Hole Number | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation | Section |
OSK-W-19-1827-W1 | 331 | -58 | 1257 | 452506 | 5434390 | 403 | 2475 |
OSK-W-20-2275-W2 | 127 | -49 | 1035 | 452888 | 5435583 | 409 | 3400 |
OSK-W-20-2292-W2 | 125 | -54 | 1002 | 453035 | 5435561 | 420 | 3525 |
OSK-W-20-2313-W10 | 134 | -52 | 1059 | 452965 | 5435583 | 420 | 3450 |
OSK-W-20-2371-W1 | 123 | -53 | 1032 | 452996 | 5435363 | 412 | 3375 |
OSK-W-20-2397-W1 | 131 | -58 | 1200 | 453451 | 5435594 | 412 | 3900 |
OSK-W-20-2406 | 333 | -56 | 693 | 452633 | 5434281 | 400 | 2525 |
OSK-W-20-2423 | 332 | -60 | 1326 | 452616 | 5434449 | 403 | 2600 |
OSK-W-21-777-W1 | 330 | -59 | 969 | 452678 | 5434500 | 403 | 2675 |
OSK-W-21-777-W2 | 330 | -59 | 1170 | 452678 | 5434500 | 403 | 2675 |
OSK-W-21-1827-W3 | 331 | -58 | 996 | 452506 | 5434390 | 403 | 2475 |
OSK-W-21-1882-W1 | 328 | -57 | 1197 | 452469 | 5434405 | 400 | 2450 |
OSK-W-21-1882-W2 | 328 | -57 | 726 | 452469 | 5434405 | 400 | 2450 |
OSK-W-21-1882-W3 | 328 | -57 | 1004 | 452469 | 5434405 | 400 | 2450 |
OSK-W-21-2067-W7 | 123 | -53 | 1166 | 453241 | 5435697 | 416 | 3750 |
OSK-W-21-2275-W6 | 127 | -49 | 864 | 452888 | 5435583 | 409 | 3400 |
OSK-W-21-2444 | 337 | -59 | 636 | 452715 | 5434606 | 397 | 2775 |
OSK-W-21-2463-W2 | 339 | -65 | 1325 | 452616 | 5434449 | 403 | 2600 |
OSK-W-21-2463-W3 | 339 | -65 | 1299 | 452616 | 5434449 | 403 | 2600 |
OSK-W-21-2478-W3 | 128 | -54 | 1080 | 452997 | 5435607 | 425 | 3500 |
OSK-W-21-2479-W1 | 344 | -55 | 972 | 452315 | 5434419 | 399 | 2325 |
OSK-W-21-2479-W2 | 344 | -55 | 990 | 452315 | 5434419 | 399 | 2325 |
OSK-W-21-2479-W3 | 344 | -55 | 1014 | 452315 | 5434419 | 399 | 2325 |
OSK-W-21-2479-W4 | 344 | -55 | 402 | 452315 | 5434419 | 399 | 2325 |
OSK-W-21-2483 | 328 | -58 | 756 | 452731 | 5434634 | 397 | 2800 |
OSK-W-21-2486 | 334 | -57 | 1167 | 452596 | 5434392 | 401 | 2550 |
OSK-W-21-2487-W4 | 359 | -73 | 768 | 454135 | 5435058 | 397 | 4225 |
OSK-W-21-2487-W5 | 359 | -73 | 771 | 454135 | 5435058 | 397 | 4225 |
OSK-W-21-2490 | 338 | -61 | 786 | 452756 | 5434466 | 400 | 2725 |
OSK-W-21-2492-W2 | 122 | -53 | 879 | 453687 | 5435676 | 401 | 4125 |
OSK-W-21-2499 | 158 | -45 | 240 | 453484 | 5435967 | 403 | 4100 |
OSK-W-21-2503 | 126 | -58 | 1080 | 453333 | 5435641 | 413 | 3800 |
OSK-W-21-2505 | 172 | -42 | 243 | 453484 | 5435967 | 403 | 4100 |
OSK-W-21-2512 | 331 | -54 | 855 | 452448 | 5434465 | 400 | 2475 |
OSK-W-21-2512-W1 | 331 | -54 | 1089 | 452448 | 5434465 | 400 | 2475 |
OSK-W-21-2514 | 134 | -55 | 618 | 452768 | 5435313 | 406 | 3150 |
OSK-W-21-2518 | 163 | -46 | 282 | 453519 | 5436029 | 405 | 4150 |
OSK-W-21-2520 | 337 | -56 | 351 | 452596 | 5434392 | 401 | 2550 |
OSK-W-21-2523 | 340 | -58 | 114 | 452480 | 5434428 | 402 | 2475 |
OSK-W-21-2526 | 159 | -44 | 287 | 453519 | 5436029 | 406 | 4150 |
WST-20-0318 | 149 | -53 | 502 | 453227 | 5435125 | 135 | 3475 |
WST-20-0472 | 149 | -23 | 223 | 453493 | 5435287 | 117 | 3775 |
WST-21-0642 | 149 | -38 | 172 | 452955 | 5435003 | 253 | 3175 |
WST-21-0645 | 173 | 5 | 153 | 452954 | 5435002 | 255 | 3175 |
WST-21-0647 | 150 | -59 | 345 | 453228 | 5435126 | 135 | 3475 |
WST-21-0663 | 164 | -40 | 214 | 452954 | 5435003 | 253 | 3175 |
WST-21-0727A | 146 | -69 | 361 | 453507 | 5435327 | -7 | 3800 |
WST-21-0756 | 131 | -43 | 411 | 453357 | 5435273 | 15 | 3650 |
WST-21-0774 | 148 | -40 | 724 | 453373 | 5435296 | -26 | 3675 |
WST-21-0789B | 125 | -55 | 381 | 453106 | 5435066 | 231 | 3325 |
WST-21-0795A | 153 | -41 | 415 | 453257 | 5435209 | 96 | 3525 |
WST-21-0797 | 136 | -47 | 136 | 453322 | 5435235 | 55 | 3600 |
WST-21-0800 | 135 | -55 | 346 | 452954 | 5435003 | 252 | 3175 |
WST-21-0812 | 149 | -51 | 370 | 452954 | 5435003 | 253 | 3175 |
Caribou Zone
Mineralization most commonly occurs in gold-bearing pyrite stockworks as well as semi-massive pyrite replacement zones associated with phyllic alteration (sericite-pyrite ± silica) with sulphides, pyrite dominated with minor chalcopyrite and sphalerite ranging from trace to up to 20%, and local visible gold. Mineralization is hosted in rhyolites or mafic-intermediate volcanics frequently at or near faults or the contact with felsic porphyritic intrusions.
Zone 27
Mineralization most commonly occurs as replacement-type characterized by 5% to 50% disseminated, stringer, semi-massive or stockwork pyrite, ptygmatic tourmaline veins, quartz-tourmaline crustiform veins, local quartz-carbonate veins, and local visible gold. Mineralization is associated with moderate to strong sericite, weak to strong silica, weak chlorite and carbonate and locally weak fuchsite and is hosted in strongly altered andesites, in or at the contact of the rhyolite, or along the contacts with felsic porphyritic intrusions.
F-Zones
Mineralization is hosted in sheared andesites with carbonate replacement or quartz veining and occurs as quartz ± ankerite veinlets or as replacement type in shear zones and is characterised by trace to 10% pyrite with local visible gold. Alteration is dominated by sericite-fuchsite-tourmaline-pyrite.
Bobcat
Mineralization most commonly occurs in gold-bearing quartz-pyrite veins controlled by northeast trending faults and shears and to a lesser extent in minor crustiform quartz-tourmaline-ankerite-pyrite veins and pyrite replacement zones and stockwork. Mineralization is hosted in sheared mafic volcanics, rhyolites near faults, or at the contact with felsic porphyritic intrusions.
Underdog
Mineralization most commonly occurs in gold-bearing quartz-pyrite (± tourmaline) veins and as disseminated, stringer, semi-massive to massive pyrite with minor sphalerite, chalcopyrite and molybdenite associated with strong sericite and silica alteration. Mineralization is hosted along the intrusive contacts of a three-phase composite felsic porphyritic unit which cross-cuts felsic and mafic volcanic sequences.
Lynx Zone
Mineralization occurs as grey to translucent quartz-carbonate-pyrite-tourmaline veins and pyrite replacement zones and stockworks. Vein-type mineralization is associated with haloes of pervasive sericite-pyrite ± silica alteration and contain sulphides (predominantly pyrite with minor amounts of chalcopyrite, sphalerite, galena, arsenopyrite, and pyrrhotite) and local visible gold. Replacement mineralization is associated with strong pervasive silica-sericite-ankerite ± tourmaline alteration and contains disseminated pyrite from trace to 80% with local visible gold. Pyrite stockworks can form envelopes that reach several tens of metres thick. Fuchsite alteration is common and is spatially constrained to near the gabbros. Mineralization occurs at or near geological contacts between felsic porphyritic or fragmental intrusions and the host rhyolites or gabbros and locally can be hosted along the gabbro-rhyolite contact.
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), Director of Exploration for Osisko’s Windfall 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. NQ core assays 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, Vancouver, British Colombia, Lima, Peru or Vientiane, Laos (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 a Four Acid Digestion-ICP-MS 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 Gold Deposit
The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The Mineral Resource Estimate (“MRE“) defined by Osisko, as disclosed in the news release dated February 17, 2021 is supported by the technical report entitled “Preliminary Economic Assessment Update for the Windfall Project” dated April 26, 2021 (that includes Windfall Mineral Resource Estimate with an effective date of November 30, 2020), and assuming a cut-off grade of 3.50 g/t Au, comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 17, 2021 news release are further described in the full technical report prepared by BBA Inc. in accordance with NI 43-101 and is available on SEDAR (www.sedar.com) under the Corporation’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 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 gold 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 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. Any statement that involves 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”, “potential”, “feasibility”, “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 Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate disclosed in this news release; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the amount and type of drilling to be completed and the timing to complete such drilling; the focus of the remaining infill drilling; the trend of grade increase; the Lynx zone remaining open to expansion down plunge; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the significance of historic exploration activities and results. 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 (infill) drilling; property and royalty interests in the Windfall 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.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653
OSISKO CONTINUES TO ADD HIGH-GRADE AT LYNX
184 g/t Au Over 2.1 Metres
34.1 g/t Au over 7.1 Metres
(Toronto, June 17, 2021) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Significant new analytical results presented below include 68 intercepts in 22 drill holes (2 from surface, 20 from underground) and 15 wedges. The infill intercepts are located inside defined February 2021 mineral resource estimate (“MRE”) blocks (see Osisko news release dated February 17, 2021). The expansion intercepts are located outside the February 2021 MRE blocks and either expand resource wireframes or are in a defined zone or corridor but do not yet correlate to a specific wireframe.
Osisko Chief Executive Officer John Burzynski commented: “The continued success of the infill and expansion drill programs at Lynx demonstrate how robust the system is with respect to grade and growth. Windfall is demonstrating its consistency with more high-grade infill and expansion holes, and we expect to complete our major drill program as scheduled this fall.”
Selected high-grade intercepts include: 184 g/t Au over 2.1 metres in OSK-W-21-2480-W3; 34.1 g/t Au over 7.1 metres in OSK-W-21-2495-W1, 94.1 g/t Au over 2.0 metres in OSK-W-21-2487-W4, 40.3 g/t Au over 4.0 metres and 41.2 g/t Au over 2.9 metres in OSK-W-21-2067-W7; 36.0 g/t Au over 4.0 metres in OSK-W-21-2503; and 41.0 g/t Au over 2.5 metres in OSK-W-21-2465-W2. Maps showing hole locations and full analytical results are available at www.osiskomining.com
Infill Drilling
Hole Number | From (m) | To (m) | Interval (m) | Au (g/t) uncut | Au (g/t) cut to 100 g/t | Zone | Corridor |
OSK-W-21-2067-W7 | 1029.0 | 1033.0 | 4.0 | 5.08 | TLX_3183 | Triple Lynx | |
1039.5 | 1042.4 | 2.9 | 41.2 | 21.7 | TLX_3183 | Triple Lynx | |
including | 1039.5 | 1039.8 | 0.3 | 180 | 100 | ||
and | 1042.1 | 1042.4 | 0.3 | 209 | 100 | ||
1115.0 | 1119.0 | 4.0 | 40.3 | 18.6 | TLX_3170 | Triple Lynx | |
including | 1117.0 | 1117.5 | 0.5 | 274 | 100 | ||
1132.1 | 1134.2 | 2.1 | 34.2 | 15.5 | TLX_3172 | Triple Lynx | |
including | 1133.9 | 1134.2 | 0.3 | 231 | 100 | ||
OSK-W-21-2478-W3 | 891.1 | 893.4 | 2.3 | 5.78 | TLX_3161 | Triple Lynx | |
including | 892.7 | 893.4 | 0.7 | 14.2 | |||
OSK-W-21-2478-W4 | 842.8 | 846.5 | 3.7 | 7.00 | TLX_3171 | Triple Lynx | |
863.9 | 866.0 | 2.1 | 4.13 | TLX_3184 | Triple Lynx | ||
874.3 | 876.3 | 2.0 | 26.2 | TLX_3184 | Triple Lynx | ||
including | 874.3 | 874.7 | 0.4 | 90.3 | |||
877.7 | 880.2 | 2.5 | 5.65 | TLX_3161 | Triple Lynx | ||
including | 879.7 | 880.2 | 0.5 | 20.0 | |||
OSK-W-21-2480-W3 | 757.4 | 759.5 | 2.1 | 184 | 78.2 | LXM_3304 | Lynx |
including | 758.4 | 759.2 | 0.8 | 350 | 100 | ||
OSK-W-21-2480-W4 | 734.6 | 737.2 | 2.6 | 8.59 | LXM_3304 | Lynx | |
including | 734.6 | 735.2 | 0.6 | 23.3 | |||
OSK-W-21-2487-W4 | 686.0 | 688.0 | 2.0 | 94.1 | 27.2 | LX4_3414 | Lynx 4 |
including | 686.7 | 687.0 | 0.3 | 546 | 100 | ||
OSK-W-21-2492-W3 | 803.4 | 805.5 | 2.1 | 8.19 | LX4_3414 | Lynx 4 | |
including | 804.0 | 804.5 | 0.5 | 18.4 | |||
864.0 | 866.0 | 2.0 | 10.1 | LX4_3437 | Lynx 4 | ||
OSK-W-21-2495-W1 | 1038.0 | 1045.1 | 7.1 | 34.1 | 33.5 | LX4_3430 | Lynx 4 |
including | 1040.0 | 1041.0 | 1.0 | 105 | 100 | ||
OSK-W-21-2503 | 1008.0 | 1013.0 | 5.0 | 6.59 | TLX_3163 | Triple Lynx | |
1087.0 | 1089.0 | 2.0 | 3.53 | TLX_3162 | Triple Lynx | ||
including | 1088.3 | 1088.6 | 0.3 | 12.6 | |||
1113.0 | 1117.0 | 4.0 | 36.0 | 22.4 | TLX_3172 | Triple Lynx | |
including | 1115.1 | 1115.8 | 0.7 | 178 | 100 | ||
1120.0 | 1122.1 | 2.1 | 11.5 | TLX_3172 | Triple Lynx | ||
including | 1120.3 | 1120.6 | 0.3 | 72.8 | |||
OSK-W-21-2522 | 735.0 | 737.0 | 2.0 | 4.54 | LXM_3345 | Lynx | |
WST-21-0650 | 232.5 | 236.1 | 3.6 | 9.91 | LXSW_3507 | Lynx | |
including | 232.5 | 233.0 | 0.5 | 51.3 | |||
WST-21-0684 | 267.9 | 269.9 | 2.0 | 6.55 | LXSW_3556 | Lynx | |
including | 268.6 | 269.0 | 0.4 | 32.0 | |||
WST-21-0725 | 262.4 | 264.5 | 2.1 | 7.65 | TLX_3185 | Triple Lynx | |
WST-21-0727A | 334.1 | 336.1 | 2.0 | 15.0 | TLX_3163 | Triple Lynx | |
including | 334.1 | 334.7 | 0.6 | 44.7 | |||
WST-21-0734A | 323.7 | 325.9 | 2.2 | 6.99 | LXSW_3556 | Lynx | |
including | 325.2 | 325.9 | 0.7 | 21.1 | |||
WST-21-0736 | 202.0 | 204.0 | 2.0 | 14.0 | LXSW_3507 | Lynx | |
including | 202.0 | 202.7 | 0.7 | 35.1 | |||
297.0 | 299.6 | 2.6 | 13.4 | LXSW_3556 | Lynx | ||
including | 297.0 | 297.9 | 0.9 | 31.6 | |||
354.0 | 356.2 | 2.2 | 12.7 | LXSW_3502 | Lynx | ||
including | 355.3 | 355.6 | 0.3 | 33.9 | |||
WST-21-0768 | 365.0 | 367.0 | 2.0 | 17.0 | LXSW_3502 | Lynx | |
including | 366.1 | 366.7 | 0.6 | 56.2 | |||
WST-21-0769 | 79.1 | 81.3 | 2.2 | 10.3 | LXM_3311 | Lynx | |
including | 79.1 | 79.9 | 0.8 | 27.0 | |||
WST-21-0774 | 479.6 | 482.0 | 2.4 | 12.1 | LX4_3450 | Lynx 4 | |
including | 480.3 | 481.1 | 0.8 | 35.5 | |||
WST-21-0782 | 169.3 | 172.0 | 2.7 | 20.6 | LXM_3304 | Lynx | |
including | 169.3 | 170.2 | 0.9 | 49.1 | |||
WST-21-0787 | 129.4 | 133.0 | 3.6 | 5.66 | LXM_3334 | Lynx | |
WST-21-0790 | 95.0 | 97.3 | 2.3 | 5.00 | LXM_3339 | Lynx | |
including | 96.0 | 96.7 | 0.7 | 12.3 | |||
105.0 | 107.0 | 2.0 | 10.7 | LXM_3339 | Lynx | ||
including | 105.4 | 106.0 | 0.6 | 24.3 |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. LXM = Lynx Main, LX4 = Lynx 4, TLX = Triple Lynx, and LXSW = Lynx Southwest.
Expansion Drilling
Hole Number | From (m) | To (m) | Interval (m) | Au (g/t) uncut | Au (g/t) cut to 100 g/t | Zone | Corridor |
OSK-W-21-2275-W5 | 1053.0 | 1057.1 | 4.1 | 17.2 | Triple Lynx | Triple Lynx | |
including | 1053.5 | 1053.8 | 0.3 | 37.2 | |||
and | 1056.3 | 1057.1 | 0.8 | 72.5 | |||
OSK-W-21-2391-W3 | 1251.0 | 1253.1 | 2.1 | 3.64 | Triple Lynx | Triple Lynx | |
OSK-W-21-2391-W4 | 1404.5 | 1406.5 | 2.0 | 6.39 | Triple Lynx | Triple Lynx | |
including | 1404.5 | 1404.8 | 0.3 | 36.2 | |||
1409.0 | 1412.2 | 3.2 | 6.03 | Triple Lynx | Triple Lynx | ||
including | 1409.0 | 1409.9 | 0.9 | 18.0 | |||
1417.0 | 1419.0 | 2.0 | 3.90 | Triple Lynx | Triple Lynx | ||
including | 1417.6 | 1418.1 | 0.5 | 12.5 | |||
OSK-W-21-2465-W2 | 763.7 | 766.2 | 2.5 | 41.0 | 39.1 | Triple Lynx | Triple Lynx |
including | 765.0 | 765.3 | 0.3 | 111 | 100 | ||
and | 765.6 | 766.2 | 0.6 | 99.6 | 97.1 | ||
OSK-W-21-2470-W2 | 921.0 | 923.0 | 2.0 | 4.27 | Triple Lynx | Triple Lynx | |
925.4 | 928.6 | 3.2 | 6.01 | Triple Lynx | Triple Lynx | ||
including | 925.4 | 925.9 | 0.5 | 18.5 | |||
991.7 | 995.0 | 3.3 | 4.20 | Triple Lynx | Triple Lynx | ||
including | 991.7 | 992.1 | 0.4 | 19.1 | |||
1125.0 | 1127.0 | 2.0 | 7.82 | Triple Lynx | Triple Lynx | ||
including | 1125.3 | 1125.6 | 0.3 | 29.8 | |||
OSK-W-21-2470-W3 | 975.7 | 977.7 | 2.0 | 8.24 | Triple Lynx | Triple Lynx | |
OSK-W-21-2480-W2 | 678.8 | 682.0 | 3.2 | 7.66 | Lynx | Lynx | |
OSK-W-21-2495-W1 | 604.0 | 606.1 | 2.1 | 4.18 | Lynx | Lynx | |
including | 605.3 | 605.7 | 0.4 | 15.4 | |||
1157.9 | 1160.0 | 2.1 | 5.79 | Lynx 4 | Lynx | ||
including | 1158.5 | 1159.3 | 0.8 | 12.6 | |||
1190.7 | 1193.0 | 2.3 | 4.83 | Lynx 4 | Lynx | ||
including | 1191.8 | 1192.2 | 0.4 | 26.8 | |||
WST-21-0661 | 171.0 | 173.0 | 2.0 | 5.37 | Lynx SW | Lynx SW | |
including | 171.9 | 172.4 | 0.5 | 21.4 | |||
WST-21-0663 | 191.0 | 193.0 | 2.0 | 5.65 | Lynx SW | Lynx SW | |
including | 191.0 | 191.4 | 0.4 | 27.4 | |||
WST-21-0681 | 419.0 | 421.9 | 2.9 | 10.4 | Triple Lynx | Triple Lynx | |
444.0 | 446.0 | 2.0 | 8.90 | Triple Lynx | Triple Lynx | ||
including | 445.0 | 446.0 | 1.0 | 17.4 | |||
WST-21-0734A | 192.0 | 194.0 | 2.0 | 4.76 | Lynx SW | Lynx SW | |
WST-21-0736 | 247.0 | 249.0 | 2.0 | 11.6 | Lynx SW | Lynx SW | |
WST-21-0767 | 268.0 | 270.2 | 2.2 | 4.67 | Lynx SW | Lynx SW | |
including | 268.6 | 269.3 | 0.7 | 12.1 | |||
WST-21-0768 | 263.0 | 265.2 | 2.2 | 18.2 | 14.3 | Lynx SW | Lynx SW |
including | 264.1 | 264.4 | 0.3 | 129 | 100 | ||
312.0 | 314.0 | 2.0 | 13.5 | Lynx SW | Lynx SW | ||
including | 313.0 | 313.3 | 0.3 | 83.5 | |||
WST-21-0769 | 320.0 | 322.0 | 2.0 | 4.38 | Lynx SW | Lynx SW | |
including | 320.4 | 321.2 | 0.8 | 10.9 | |||
329.3 | 331.3 | 2.0 | 17.1 | 15.6 | LXSW_3502 | Lynx SW | |
including | 329.3 | 329.6 | 0.3 | 110 | 100 | ||
WST-21-0774 | 332.0 | 334.0 | 2.0 | 3.64 | Triple Lynx | Triple Lynx | |
677.5 | 683.0 | 5.5 | 16.4 | 11.0 | Lynx 4 | Lynx | |
including | 677.5 | 677.8 | 0.3 | 198 | 100 | ||
WST-21-0777 | 311.0 | 313.0 | 2.0 | 3.59 | Lynx SW | Lynx SW | |
WST-21-0781 | 227.8 | 229.8 | 2.0 | 23.5 | Triple Lynx | Triple Lynx | |
including | 229.2 | 229.5 | 0.3 | 99.6 | |||
WST-21-0782 | 151.0 | 153.0 | 2.0 | 4.26 | Lynx | Lynx | |
including | 151.3 | 151.6 | 0.3 | 27.2 | |||
WST-21-0783 | 170.5 | 172.5 | 2.0 | 12.4 | Lynx | Lynx | |
including | 170.5 | 170.8 | 0.3 | 68.0 | |||
WST-21-0803 | 157.0 | 159.4 | 2.4 | 23.1 | Triple Lynx | Triple Lynx |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. LXSW = Lynx Southwest, SW = Southwest.
Drill hole location
Hole Number | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation | Section |
OSK-W-21-2067-W7 | 123 | -53 | 1166 | 453241 | 5435697 | 416 | 3750 |
OSK-W-21-2275-W5 | 127 | -49 | 1242 | 452888 | 5435583 | 409 | 3400 |
OSK-W-21-2391-W3 | 117 | -57 | 1566 | 453281 | 5435894 | 408 | 3900 |
OSK-W-21-2391-W4 | 117 | -57 | 1212 | 453281 | 5435894 | 408 | 3900 |
OSK-W-21-2465-W2 | 123 | -61 | 831 | 453397 | 5435557 | 413 | 3825 |
OSK-W-21-2470-W2 | 132 | -59 | 1197 | 453304 | 5435639 | 415 | 3775 |
OSK-W-21-2470-W3 | 132 | -59 | 1209 | 453304 | 5435639 | 415 | 3775 |
OSK-W-21-2478-W3 | 128 | -54 | 1080 | 452997 | 5435607 | 425 | 3500 |
OSK-W-21-2478-W4 | 127 | -53 | 744 | 452997 | 5435607 | 425 | 3500 |
OSK-W-21-2480-W2 | 121 | -55 | 789 | 453412 | 5435633 | 412 | 3875 |
OSK-W-21-2480-W3 | 121 | -55 | 810 | 453412 | 5435633 | 412 | 3875 |
OSK-W-21-2480-W4 | 121 | -55 | 780 | 453412 | 5435633 | 412 | 3875 |
OSK-W-21-2487-W4 | 359 | -73 | 768 | 454135 | 5435058 | 397 | 4225 |
OSK-W-21-2492-W3 | 122 | -53 | 720 | 453687 | 5435676 | 401 | 4125 |
OSK-W-21-2495-W1 | 123 | -54 | 1301 | 453426 | 5435565 | 410 | 3850 |
OSK-W-21-2503 | 126 | -58 | 1080 | 453333 | 5435641 | 413 | 3800 |
OSK-W-21-2522 | 128 | -54 | 450 | 453451 | 5435594 | 411 | 3900 |
WST-21-0650 | 139 | -60 | 466 | 452954 | 5435003 | 253 | 3175 |
WST-21-0661 | 163 | -34 | 253 | 452954 | 5435003 | 254 | 3175 |
WST-21-0663 | 164 | -40 | 214 | 452954 | 5435003 | 253 | 3175 |
WST-21-0681 | 160 | -43 | 721 | 453322 | 5435235 | 55 | 3600 |
WST-21-0684 | 150 | -44 | 301 | 452955 | 5435003 | 253 | 3175 |
WST-21-0725 | 160 | -67 | 391 | 453506 | 5435327 | -7 | 3800 |
WST-21-0727A | 146 | -69 | 361 | 453507 | 5435327 | -7 | 3800 |
WST-21-0734A | 129 | -56 | 360 | 452956 | 5435003 | 253 | 3175 |
WST-21-0736 | 146 | -53 | 448 | 452955 | 5435003 | 253 | 3175 |
WST-21-0767 | 175 | -55 | 354 | 453104 | 5435065 | 231 | 3325 |
WST-21-0768 | 169 | -53 | 453 | 453104 | 5435065 | 231 | 3325 |
WST-21-0769 | 171 | -49 | 396 | 453103 | 5435064 | 231 | 3325 |
WST-21-0774 | 148 | -40 | 724 | 453373 | 5435296 | -26 | 3675 |
WST-21-0777 | 144 | -49 | 352 | 452954 | 5435003 | 253 | 3175 |
WST-21-0781 | 129 | -59 | 283 | 453508 | 5435327 | -7 | 3800 |
WST-21-0782 | 123 | -36 | 207 | 453508 | 5435327 | -7 | 3800 |
WST-21-0783 | 119 | -28 | 201 | 453508 | 5435327 | -6 | 3800 |
WST-21-0787 | 143 | -46 | 517 | 453320 | 5435235 | 54 | 3600 |
WST-21-0790 | 171 | -65 | 64 | 453104 | 5435065 | 231 | 3325 |
WST-21-0803 | 162 | -44 | 364 | 453356 | 5435271 | 16 | 3650 |
Lynx Zone
Mineralization occurs as grey to translucent quartz-carbonate-pyrite-tourmaline veins and pyrite replacement zones and stockworks. Vein-type mineralization is associated with haloes of pervasive sericite-pyrite ± silica alteration and contain sulphides (predominantly pyrite with minor amounts of chalcopyrite, sphalerite, galena, arsenopyrite, and pyrrhotite) and local visible gold. Replacement mineralization is associated with strong pervasive silica-sericite-ankerite ± tourmaline alteration and contains disseminated pyrite from trace to 80% with local visible gold. Pyrite stockworks can form envelopes that reach several tens of metres thick. Fuchsite alteration is common and is spatially constrained to near the gabbros. Mineralization occurs at or near geological contacts between felsic porphyritic or fragmental intrusions and the host rhyolites or gabbros and locally can be hosted along the gabbro-rhyolite contact.
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), Director of Exploration for Osisko’s Windfall 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. NQ core assays 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, Vancouver, British Colombia, Lima, Peru or Vientiane, Laos (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 a Four Acid Digestion-ICP-MS 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 Gold Deposit
The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The Mineral Resource Estimate (“MRE“) defined by Osisko, as disclosed in the news release dated February 17, 2021 is supported by the technical report entitled “Preliminary Economic Assessment Update for the Windfall Project” dated April 26, 2021 (that includes Windfall Mineral Resource Estimate with an effective date of November 30, 2020), and assuming a cut-off grade of 3.50 g/t Au, comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 17, 2021 news release are further described in the full technical report prepared by BBA Inc. in accordance with NI 43-101 and is available on SEDAR (www.sedar.com) under the Corporation’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 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 gold 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 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. Any statement that involves 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”, “potential”, “feasibility”, “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 Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate disclosed in this news release; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the amount and type of drilling to be completed and the timing to complete such drilling; the focus of the remaining infill drilling; the trend of grade increase; the Lynx zone remaining open to expansion down plunge; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the significance of historic exploration activities and results. 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 (infill) drilling; property and royalty interests in the Windfall 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.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653
OSISKO HITS NEW DISCOVERY ONE KILOMETRE NORTH OF WINDFALL
Recon Drilling Returns High-Grade: 27.4 g/t Au Over 6.7 Metres
(Toronto, June 15, 2021) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to announce that a significant new high-grade gold discovery has been made north of its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Reconnaissance drilling approximately one kilometre north of Windfall identified the discovery area (“Golden Bear”), located along a sub-parallel splay of the Windfall Bank Fault.
Osisko Mining Chief Executive Officer John Burzynski commented: “It’s early days, but it looks like we’ve found another new high-grade system near Windfall in an area with little drilling. We are very excited by the Golden Bear discovery, particularly as this new mineralization is located less than a kilometre from the footprint of where we hope to build the Windfall mine and milling facility. When Osisko discovered the Lynx deposit in 2016 it was a game-changer for the overall scale and grade of Windfall. We believe that this new high-grade discovery may similarly have a significant positive effect on our development plans for the Windfall camp. It certainly underscores the highly prospective nature of Osisko’s strategic land package surrounding Windfall, the vast majority of which has yet to see any drilling.”
Golden Bear is situated within a package of andesitic to dacitic rock intruded by felsic porphyries. Mineralization in the discovery intersection consists of pyrrhotite ± pyrite-sphalerite-chalcopyrite with local visible gold in pervasive silica alteration and quartz-carbonate veins. Drilling on Golden Bear is now focused on confirming the discovery, its orientation and the extent of the mineralization. Additional drilling will include tight and wide step outs, and new results will be released as they are received.
Maps showing the drill hole location and full analytical results are available at www.osiskomining.com
Discovery Hole OSK-UB-21-232
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) uncut | Au (g/t) cut to 100 g/t | Zone | Corridor |
OSK-UB-21-232 | 503.0 | 509.7 | 6.7 | 27.4 | 17.2 | New | Golden Bear |
including | 507.0 | 509.7 | 2.7 | 63.6 | 38.2 |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below.
Discovery Hole Location
Hole Number | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation | Section |
OSK-UB-21-232 | 350 | -50 | 552 | 453190 | 5436568 | 408 | N.A. |
Golden Bear Discovery
Mineralization is hosted in an altered andesite and occurs as pyrrhotite replacement in grey to translucent pervasive silica and quartz-carbonate-pyrrhotite veins. Replacement mineralization is associated with strong pervasive silica alteration and contains trace to 15% disseminated and clustered pyrrhotite with local visible gold and trace amounts of sphalerite-chalcopyrite. Vein-type mineralization is associated with a halo of pervasive sericite-chlorite ± ankerite alteration containing sulphides (predominantly pyrrhotite with trace sphalerite, chalcopyrite, pyrite, galena and arsenopyrite) and local visible gold.
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), Director of Exploration for Osisko’s Windfall 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. NQ core assays 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, Vancouver, British Colombia, Lima, Peru or Vientiane, Laos (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 a Four Acid Digestion-ICP-MS 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 Gold Deposit
The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The Mineral Resource Estimate (“MRE”) defined by Osisko is supported by the technical report entitled “Preliminary Economic Assessment Update for the Windfall Project” dated April 26, 2021 (that includes Windfall Mineral Resource Estimate with an effective date of November 30, 2020) (the “2021 Windfall PEA“), and assuming a cut-off grade of 3.50 g/t Au, comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the MRE are further described in the 2021 Windfall PEA prepared by BBA Inc. in accordance with NI 43-101, which is available on SEDAR (www.sedar.com) under the Corporation’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 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 gold 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 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. Any statement that involves 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”, “potential”, “feasibility”, “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 significance of the new high-grade gold discovery; the prospects, if any, of Golden Bear; the mineralization of Golden Bear; the significance of drill results; the Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the prospects, if any, of the Windfall gold deposit; the Lynx zone remaining open to expansion down plunge; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the significance of historic exploration activities and results. 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 (infill) drilling; property and royalty interests in the Windfall 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.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653
OSISKO INFILL DRILLING RETURNS HIGH GRADE AT LYNX
248 g/t Au Over 2.2 Metres
164 g/t Au over 2.2 Metres
(Toronto, June 8, 2021) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Significant new analytical results presented below include 34 intercepts in 15 underground drill holes and 8 wedges. The infill intercepts are located inside defined February 2021 mineral resource estimate (“MRE”) blocks (see Osisko news release dated February 17, 2021).
Osisko Chief Executive Officer John Burzynski commented: “Infill drilling in Lynx consistently delivers evenly distributed high-grade throughout the Lynx zones. Top results released today are all greater than an ounce per ton over two metres.”
Selected high-grade intercepts include: 248 g/t Au over 2.2 metres in WST-21-0750; 164 g/t Au over 2.2 metres in OSK-W-21-2492-W1, 128 g/t Au over 2.3 metres in OSK-W-21-2067-W6, 56.5 g/t Au over 2.9 metres in WST-21-0655 and 46.8 g/t Au over 2.6 metres in WST-21-0727A. Maps showing hole locations and full analytical results are available at www.osiskomining.com
Infill 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-21-2067-W6 | 1078.7 | 1080.8 | 2.1 | 4.77 | TLX_3162 | Triple Lynx | |
1095.7 | 1098.0 | 2.3 | 128 | 19.0 | TLX_3170 | Triple Lynx | |
including | 1095.7 | 1096.1 | 0.4 | 725 | 100 | ||
OSK-W-21-2275-W5 | 909.0 | 911.0 | 2.0 | 24.7 | TLX_3129 | Triple Lynx | |
including | 910.0 | 911.0 | 1.0 | 47.6 | |||
918.0 | 920.0 | 2.0 | 36.9 | 21.5 | TLX_3129 | Triple Lynx | |
including | 918.9 | 919.3 | 0.4 | 177 | 100 | ||
OSK-W-21-2478-W1 | 583.0 | 588.0 | 5.0 | 4.10 | TLX_3178 | Triple Lynx | |
including | 587.0 | 588.0 | 1.0 | 13.1 | |||
OSK-W-21-2478-W3 | 901.0 | 903.0 | 2.0 | 9.94 | TLX_3161 | Triple Lynx | |
including | 902.0 | 903.0 | 1.0 | 19.8 | |||
OSK-W-21-2487-W3 | 674.3 | 676.3 | 2.0 | 19.8 | LX4_3414 | Lynx 4 | |
OSK-W-21-2492-W1 | 771.0 | 773.2 | 2.2 | 164 | 18.4 | LX4_3414 | Lynx 4 |
including | 771.8 | 772.2 | 0.4 | 902 | 100 | ||
OSK-W-21-2492-W2 | 759.0 | 762.0 | 3.0 | 4.22 | LX4_3424 | Lynx 4 | |
including | 761.2 | 762.0 | 0.8 | 14.7 | |||
794.0 | 796.0 | 2.0 | 4.40 | LX4_3414 | Lynx 4 | ||
OSK-W-21-2495-W1 | 668.0 | 670.0 | 2.0 | 28.0 | LXM_3304 | Lynx | |
including | 669.6 | 670.0 | 0.4 | 60.5 | |||
675.3 | 678.0 | 2.7 | 34.4 | LXM_3304 | Lynx | ||
including | 675.3 | 676.2 | 0.9 | 89.7 | |||
WST-21-0653A | 362.0 | 364.2 | 2.2 | 12.8 | LXSW_3556 | Lynx | |
including | 362.4 | 363.2 | 0.8 | 33.3 | |||
WST-21-0655 | 299.0 | 301.9 | 2.9 | 56.5 | 32.1 | Lynx SW | Lynx SW |
including | 301.0 | 301.9 | 0.9 | 179 | 100 | ||
WST-21-0664 | 85.2 | 88.0 | 2.8 | 34.7 | 25.2 | LXM_3307 | Lynx |
including | 85.2 | 85.9 | 0.7 | 138 | 100 | ||
477.8 | 479.9 | 2.1 | 11.0 | LX4_3450 | Lynx 4 | ||
including | 479.1 | 479.9 | 0.8 | 24.8 | |||
WST-21-0681 | 290.0 | 292.0 | 2.0 | 4.71 | TLX_3131 | Triple Lynx | |
including | 291.4 | 292.0 | 0.6 | 15.0 | |||
321.0 | 323.0 | 2.0 | 6.38 | TLX_3167 | Triple Lynx | ||
including | 321.4 | 321.8 | 0.4 | 31.5 | |||
482.0 | 484.2 | 2.2 | 10.8 | LX4_3450 | Lynx 4 | ||
WST-21-0705A | 243.3 | 245.3 | 2.0 | 4.56 | LXSW_3500 | Lynx SW | |
including | 244.6 | 245.3 | 0.7 | 13.0 | |||
WST-21-0718 | 25.9 | 28.0 | 2.1 | 15.0 | LXM_3303 | Lynx | |
including | 26.7 | 27.3 | 0.6 | 47.4 | |||
88.7 | 90.7 | 2.0 | 26.7 | LXM_3304 | Lynx | ||
including | 88.7 | 89.4 | 0.7 | 69.0 | |||
WST-21-0719 | 88.7 | 90.7 | 2.0 | 17.0 | LXM_3304 | Lynx | |
including | 89.3 | 90.0 | 0.7 | 48.2 | |||
WST-21-0727A | 260.1 | 262.7 | 2.6 | 46.8 | 22.0 | TLX_3161 | Triple Lynx |
including | 261.2 | 261.7 | 0.5 | 229 | 100 | ||
WST-21-0750 | 232.6 | 234.8 | 2.2 | 248 | 55.6 | TLX_3161 | Triple Lynx |
including | 233.8 | 234.3 | 0.5 | 740 | 100 | ||
WST-21-0755 | 318.0 | 320.0 | 2.0 | 4.92 | TLX_3131 | Triple Lynx | |
including | 319.2 | 320.0 | 0.7 | 12.0 | |||
WST-21-0757 | 200.5 | 202.7 | 2.2 | 21.9 | LXSW_3506 | Lynx | |
including | 201.0 | 201.3 | 0.3 | 75.2 | |||
255.0 | 257.0 | 2.0 | 11.3 | TLX_3131 | Triple Lynx | ||
including | 256.3 | 257.0 | 0.7 | 31.8 | |||
272.6 | 275.0 | 2.4 | 4.69 | TLX_3166 | Triple Lynx | ||
357.0 | 359.5 | 2.5 | 34.8 | 19.4 | TLX_3165 | Triple Lynx | |
including | 358.3 | 358.7 | 0.4 | 197 | 100 | ||
WST-21-0762 | 98.3 | 100.4 | 2.1 | 4.54 | LXM_3311 | Lynx | |
including | 98.7 | 99.4 | 0.7 | 11.6 | |||
WST-21-0768 | 281.0 | 283.0 | 2.0 | 12.8 | LXSW_3556 | Lynx | |
including | 281.3 | 281.6 | 0.3 | 77.7 | |||
WST-21-0769 | 268.0 | 270.0 | 2.0 | 8.16 | LXSW_3556 | Lynx SW | |
including | 268.7 | 269.6 | 0.9 | 17.9 | |||
WST-21-0787 | 489.0 | 491.1 | 2.1 | 10.3 | LX4_3450 | Lynx 4 | |
including | 490.3 | 490.7 | 0.4 | 53.4 |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. LXM = Lynx Main, LX4 = Lynx 4, TLX = Triple Lynx, and LXSW = Lynx Southwest.
.
Drill hole location
Hole Number | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation | Section |
OSK-W-21-2067-W6 | 123 | -53 | 1281 | 453241 | 5435697 | 416 | 3750 |
OSK-W-21-2275-W5 | 127 | -49 | 1242 | 452888 | 5435583 | 409 | 3400 |
OSK-W-21-2478-W1 | 128 | -54 | 764 | 452997 | 5435607 | 425 | 3500 |
OSK-W-21-2478-W3 | 128 | -54 | 1080 | 452997 | 5435607 | 425 | 3500 |
OSK-W-21-2487-W3 | 359 | -73 | 762 | 454135 | 5435058 | 397 | 4225 |
OSK-W-21-2492-W1 | 122 | -53 | 843 | 453687 | 5435676 | 401 | 4125 |
OSK-W-21-2492-W2 | 122 | -53 | 879 | 453687 | 5435676 | 401 | 4125 |
OSK-W-21-2495-W1 | 123 | -54 | 1301 | 453426 | 5435565 | 410 | 3850 |
WST-21-0653A | 155 | -65 | 427 | 453104 | 5435065 | 231 | 3325 |
WST-21-0655 | 162 | -63 | 402 | 453104 | 5435065 | 231 | 3325 |
WST-21-0664 | 140 | -51 | 760 | 453229 | 5435127 | 134 | 3475 |
WST-21-0681 | 160 | -43 | 721 | 453322 | 5435235 | 55 | 3600 |
WST-21-0705A | 161 | -57 | 351 | 453104 | 5435065 | 231 | 3325 |
WST-21-0718 | 162 | 0 | 100 | 453359 | 5435195 | 84 | 3625 |
WST-21-0719 | 163 | -4 | 100 | 453359 | 5435194 | 83 | 3625 |
WST-21-0727A | 146 | -69 | 361 | 453507 | 5435327 | -7 | 3800 |
WST-21-0750 | 124 | -54 | 280 | 453357 | 5435273 | 15 | 3650 |
WST-21-0755 | 158 | -48 | 358 | 453356 | 5435272 | 15 | 3650 |
WST-21-0757 | 145 | -50 | 706 | 453228 | 5435126 | 135 | 3475 |
WST-21-0762 | 136 | -60 | 381 | 453105 | 5435065 | 231 | 3325 |
WST-21-0768 | 169 | -53 | 453 | 453104 | 5435065 | 231 | 3325 |
WST-21-0769 | 171 | -49 | 396 | 453103 | 5435064 | 231 | 3325 |
WST-21-0787 | 143 | -46 | 517 | 453320 | 5435235 | 54 | 3600 |
Lynx Zone
Mineralization occurs as grey to translucent quartz-carbonate-pyrite-tourmaline veins and pyrite replacement zones and stockworks. Vein-type mineralization is associated with haloes of pervasive sericite-pyrite ± silica alteration and contain sulphides (predominantly pyrite with minor amounts of chalcopyrite, sphalerite, galena, arsenopyrite, and pyrrhotite) and local visible gold. Replacement mineralization is associated with strong pervasive silica-sericite-ankerite ± tourmaline alteration and contains disseminated pyrite from trace to 80% with local visible gold. Pyrite stockworks can form envelopes that reach several tens of metres thick. Fuchsite alteration is common and is spatially constrained to near the gabbros. Mineralization occurs at or near geological contacts between felsic porphyritic or fragmental intrusions and the host rhyolites or gabbros and locally can be hosted along the gabbro-rhyolite contact.
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), Director of Exploration for Osisko’s Windfall 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. NQ core assays 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, Vancouver, British Colombia, Lima, Peru or Vientiane, Laos (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 a Four Acid Digestion-ICP-MS 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 Gold Deposit
The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The Mineral Resource Estimate (“MRE“) defined by Osisko, as disclosed in the news release dated February 17, 2021 is supported by the technical report entitled “Preliminary Economic Assessment Update for the Windfall Project” dated April 26, 2021 (that includes Windfall Mineral Resource Estimate with an effective date of November 30, 2020), and assuming a cut-off grade of 3.50 g/t Au, comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 17, 2021 news release are further described in the full technical report prepared by BBA Inc. in accordance with NI 43-101 and is available on SEDAR (www.sedar.com) under the Corporation’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 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 gold 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 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. Any statement that involves 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”, “potential”, “feasibility”, “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 Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate disclosed in this news release; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the amount and type of drilling to be completed and the timing to complete such drilling; the focus of the remaining infill drilling; the trend of grade increase; the Lynx zone remaining open to expansion down plunge; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the significance of historic exploration activities and results. 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 (infill) drilling; property and royalty interests in the Windfall 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.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653
OSISKO CONTINUES TO ADD HIGH GRADE AT LYNX
280 g/t Au Over 2.2 Metres in Lynx
(Toronto, May 26, 2021) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Significant new analytical results presented below include 55 intercepts in 18 drill holes (3 from surface, 15 from underground) and 9 wedges. The infill intercepts are located inside defined February 2021 mineral resource estimate (“MRE”) blocks (see Osisko news release dated February 17, 2021). The expansion intercepts are located outside the February 2021 MRE blocks and either expand resource wireframes or are located in a defined zone or corridor but do not yet correlate to a specific wireframe.
Osisko Chief Executive Officer John Burzynski commented: “Today’s infill and expansion drilling results continue to return high grade intervals. Of note is hole OSK-W-21-2391-W3 which again extends Triple Lynx down plunge (initially extended OSK-W-21-2391, see March 17, 2021 news release).”
Selected high-grade intercepts include: 280 g/t Au over 2.0 metres in WST-21-0712; 69.3 g/t Au over 2.0 metres in OSK-W-21-2498, 23.9 g/t Au over 5.1 metres in OSK-W-21-2067-W6, 25.4 g/t Au over 4.7 metres in OSK-W-21-2480, 44.4 g/t Au over 2.5 metres in OSK-W-21-2473, 26.3 g/t Au over 3.8 metres in OSW-W-21-2492-W1, 39.3 g/t Au over 2.3 metres in WST-21-0756, 12.6 g/t Au over 3.7 metres in OSK-W-2391-W3 and 21.0 g/t Au over 2.0 metres in WST-21-0751. Maps showing hole locations and full analytical results are available at www.osiskomining.com
Infill 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-21-2067-W6 | 1010.9 | 1013.1 | 2.2 | 4.61 | TLX_3183 | Triple Lynx | |
including | 1010.9 | 1011.2 | 0.3 | 13.1 | |||
1015.0 | 1017.0 | 2.0 | 3.82 | TLX_3183 | Triple Lynx | ||
including | 1016.0 | 1016.4 | 0.4 | 13.1 | |||
1032.5 | 1034.5 | 2.0 | 6.53 | TLX_3163 | Triple Lynx | ||
1108.9 | 1114.0 | 5.1 | 23.9 | TLX_3172 | Triple Lynx | ||
including | 1109.2 | 1110.2 | 1.0 | 48.4 | |||
1119.0 | 1121.0 | 2.0 | 9.48 | TLX_3172 | Triple Lynx | ||
1129.7 | 1131.9 | 2.2 | 34.2 | 14.9 | TLX_3172 | Triple Lynx | |
including | 1131.0 | 1131.3 | 0.3 | 241 | 100 | ||
OSK-W-21-2275-W5 | 800.8 | 807.5 | 6.7 | 5.20 | TLX_3171 | Triple Lynx | |
including | 800.8 | 801.1 | 0.3 | 31.3 | |||
and | 806.8 | 807.5 | 0.7 | 17.0 | |||
809.0 | 811.0 | 2.0 | 4.57 | TLX_3171 | Triple Lynx | ||
including | 809.8 | 810.2 | 0.4 | 15.0 | |||
826.6 | 828.6 | 2.0 | 4.53 | TLX_3184 | Triple Lynx | ||
including | 827.0 | 827.4 | 0.4 | 19.3 | |||
OSK-W-21-2416-W4 | 951.6 | 954.6 | 3.0 | 6.74 | TLX_3171 | Triple Lynx | |
968.9 | 971.0 | 2.1 | 15.6 | TLX_3161 | Triple Lynx | ||
including | 968.9 | 969.6 | 0.7 | 41.4 | |||
992.0 | 994.0 | 2.0 | 12.5 | TLX_3164 | Triple Lynx | ||
including | 992.0 | 992.5 | 0.5 | 48.1 | |||
OSK-W-21-2470-W2 | 886.0 | 889.0 | 3.0 | 23.4 | TLX_3163 | Triple Lynx | |
including | 886.9 | 887.4 | 0.5 | 90.4 | |||
OSK-W-21-2480 | 1111.0 | 1113.2 | 2.2 | 23.6 | LX4_3430 | Lynx 4 | |
including | 1112.0 | 1112.6 | 0.6 | 49.5 | |||
1119.5 | 1124.2 | 4.7 | 25.4 | LX4_3430 | Lynx 4 | ||
including | 1119.5 | 1120.4 | 0.9 | 65.3 | |||
OSK-W-21-2480-W2 | 731.5 | 733.5 | 2.0 | 13.5 | LXM_3304 | Lynx | |
including | 731.8 | 732.5 | 0.7 | 38.4 | |||
OSK-W-21-2487-W2 | 667.0 | 669.0 | 2.0 | 11.0 | LX4_3424 | Lynx 4 | |
including | 667.6 | 667.9 | 0.3 | 70.6 | |||
OSK-W-21-2492-W1 | 765.2 | 769.0 | 3.8 | 26.3 | LX4_3424 | Lynx 4 | |
including | 768.5 | 769.0 | 0.5 | 64.3 | |||
OSK-W-21-2498 | 779.9 | 782.0 | 2.1 | 10.2 | TLX_3199 | Triple Lynx | |
including | 780.3 | 781.0 | 0.7 | 28.3 | |||
825.7 | 827.7 | 2.0 | 69.3 | 35.1 | TLX_3195 | Triple Lynx | |
including | 826.2 | 826.8 | 0.6 | 214 | 100 | ||
WST-21-0651 | 323.7 | 325.7 | 2.0 | 31.5 | LXSW_3556 | Lynx | |
including | 324.3 | 325.1 | 0.8 | 77.9 | |||
335.0 | 337.0 | 2.0 | 15.7 | LXSW_3502 | Lynx | ||
including | 335.7 | 336.4 | 0.7 | 44.8 | |||
WST-21-0653A | 368.8 | 371.3 | 2.5 | 24.9 | LXSW_3556 | Lynx | |
376.0 | 378.0 | 2.0 | 11.4 | LXSW_3556 | Lynx | ||
including | 376.0 | 377.0 | 1.0 | 22.8 | |||
WST-21-0696 | 48.2 | 50.8 | 2.6 | 3.82 | LXM_3339 | Lynx | |
WST-21-0712 | 78.0 | 80.0 | 2.0 | 280 | 25.3 | LXM_3304 | Lynx |
including | 78.8 | 79.3 | 0.5 | 1120 | 100 | ||
WST-21-0715 | 79.0 | 81.0 | 2.0 | 8.56 | LXM_3304 | Lynx | |
including | 80.1 | 81.0 | 0.9 | 19.0 | |||
WST-21-0751 | 222.7 | 225.7 | 3.0 | 7.04 | TLX_3161 | Triple Lynx | |
232.5 | 234.9 | 2.4 | 9.44 | TLX_3161 | Triple Lynx | ||
including | 233.5 | 233.9 | 0.4 | 50.6 | |||
WST-21-0752 | 207.0 | 209.2 | 2.2 | 14.5 | TLX_3161 | Triple Lynx | |
WST-21-0760 | 356.4 | 359.4 | 3.0 | 9.13 | TLX_3165 | Triple Lynx | |
including | 359.0 | 359.4 | 0.4 | 44.8 | |||
WST-21-0806 | 178.3 | 181.0 | 2.7 | 32.1 | LXM_3304 | Lynx | |
including | 179.9 | 181.0 | 1.1 | 74.8 |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. LXM = Lynx Main, LX4 = Lynx 4, TLX = Triple Lynx and LSX = Lynx Southwest (SW).
Expansion 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-21-2275-W5 | 584.9 | 587.0 | 2.1 | 5.00 | Triple Lynx | Triple Lynx | |
OSK-W-21-2391-W3 | 1383.3 | 1387.0 | 3.7 | 12.6 | 11.9 | TLX_3172 | Triple Lynx |
including | 1383.3 | 1383.6 | 0.3 | 109 | 100 | ||
OSK-W-21-2416-W4 | 987.4 | 989.5 | 2.1 | 4.53 | Triple Lynx | Triple Lynx | |
including | 987.4 | 987.8 | 0.4 | 23.6 | |||
OSK-W-21-2470-W2 | 913.0 | 915.0 | 2.0 | 5.14 | Triple Lynx | Triple Lynx | |
OSK-W-21-2473 | 679.5 | 682.0 | 2.5 | 44.4 | 33.8 | Lynx | Lynx |
including | 680.3 | 681.1 | 0.8 | 133 | 100 | ||
842.0 | 844.0 | 2.0 | 6.88 | Triple Lynx | Triple Lynx | ||
OSK-W-21-2478-W3 | 553.4 | 555.6 | 2.2 | 9.58 | Triple Lynx | Triple Lynx | |
OSK-W-21-2480-W2 | 689.2 | 691.6 | 2.4 | 4.68 | Lynx | Lynx | |
including | 690.0 | 690.6 | 0.6 | 10.9 | |||
OSK-W-21-2498 | 835.0 | 837.0 | 2.0 | 4.40 | Triple Lynx | Triple Lynx | |
899.0 | 901.2 | 2.2 | 7.73 | Triple Lynx | Triple Lynx | ||
including | 899.0 | 899.3 | 0.3 | 24.2 | |||
986.0 | 988.0 | 2.0 | 3.83 | Triple Lynx | Triple Lynx | ||
including | 986.7 | 987.0 | 0.3 | 13.4 | |||
WST-21-0640A | 79.6 | 82.0 | 2.4 | 3.52 | LXM_3361 | Lynx | |
including | 79.6 | 80.3 | 0.7 | 9.79 | |||
WST-21-0680 | 474.0 | 476.1 | 2.1 | 4.68 | Lynx 4 | Lynx | |
including | 475.4 | 475.8 | 0.4 | 23.9 | |||
476.9 | 479.0 | 2.1 | 7.35 | Lynx 4 | Lynx | ||
including | 478.2 | 478.5 | 0.3 | 43.1 | |||
WST-21-0694 | 303.0 | 305.0 | 2.0 | 4.83 | Lynx SW | Lynx SW | |
including | 304.3 | 304.6 | 0.3 | 28.7 | |||
WST-21-0751 | 268.1 | 270.1 | 2.0 | 21.0 | 15.2 | Triple Lynx | Triple Lynx |
including | 269.5 | 269.8 | 0.3 | 139 | 100 | ||
WST-21-0756 | 158.7 | 161.0 | 2.3 | 39.3 | 28.0 | Lynx | Lynx |
including | 159.2 | 159.8 | 0.6 | 144 | 100 | ||
WST-21-0760 | 192.3 | 194.5 | 2.2 | 16.7 | Lynx | Lynx | |
including | 193.3 | 193.8 | 0.5 | 72.9 | |||
314.7 | 317.5 | 2.8 | 3.67 | Triple Lynx | Triple Lynx | ||
including | 314.7 | 315.0 | 0.3 | 13.6 | |||
WST-21-0761 | 300.8 | 303.0 | 2.2 | 3.77 | Triple Lynx | Triple Lynx | |
363.0 | 365.0 | 2.0 | 3.74 | Triple Lynx | Triple Lynx | ||
including | 363.0 | 363.7 | 0.7 | 10.1 | |||
WST-21-0786 | 30.6 | 32.6 | 2.0 | 5.04 | Lynx | Lynx | |
WST-21-0806 | 202.1 | 205.9 | 3.8 | 10.5 | Lynx | Lynx |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. LXM = Lynx Main, TLX = Triple Lynx and SW = Southwest.
Drill hole location
Hole Number | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation | Section |
OSK-W-21-2067-W6 | 123 | -53 | 1281 | 453241 | 5435697 | 416 | 3750 |
OSK-W-21-2275-W5 | 127 | -49 | 1242 | 452888 | 5435583 | 409 | 3400 |
OSK-W-21-2391-W3 | 117 | -57 | 1566 | 453281 | 5435894 | 408 | 3900 |
OSK-W-21-2416-W4 | 123 | -54 | 1125 | 453169 | 5435624 | 412 | 3650 |
OSK-W-21-2470-W2 | 132 | -59 | 1197 | 453304 | 5435639 | 415 | 3775 |
OSK-W-21-2473 | 123 | -56 | 1272 | 453420 | 5435610 | 413 | 3875 |
OSK-W-21-2478-W3 | 128 | -54 | 1080 | 452997 | 5435607 | 425 | 3500 |
OSK-W-21-2480 | 121 | -55 | 1230 | 453412 | 5435633 | 412 | 3875 |
OSK-W-21-2480-W2 | 121 | -55 | 789 | 453412 | 5435633 | 412 | 3875 |
OSK-W-21-2487-W2 | 359 | -73 | 777 | 454135 | 5435058 | 397 | 4225 |
OSK-W-21-2492-W1 | 122 | -53 | 843 | 453687 | 5435676 | 401 | 4125 |
OSK-W-21-2498 | 129 | -57 | 999 | 453007 | 5435385 | 412 | 3400 |
WST-21-0640A | 165 | -51 | 456 | 453104 | 5435064 | 231 | 3325 |
WST-21-0651 | 153 | -52 | 400 | 452954 | 5435003 | 253 | 3175 |
WST-21-0653A | 155 | -65 | 427 | 453104 | 5435065 | 231 | 3325 |
WST-21-0680 | 161 | -47 | 559 | 453322 | 5435235 | 55 | 3600 |
WST-21-0694 | 162 | -61 | 384 | 453103 | 5435065 | 231 | 3325 |
WST-21-0696 | 137 | -49 | 492 | 453229 | 5435127 | 134 | 3475 |
WST-21-0712 | 156 | -3 | 91 | 453359 | 5435194 | 83 | 3625 |
WST-21-0715 | 158 | -9 | 94 | 453359 | 5435194 | 83 | 3625 |
WST-21-0751 | 133 | -56 | 331 | 453357 | 5435273 | 15 | 3650 |
WST-21-0752 | 148 | -53 | 562 | 453357 | 5435273 | 15 | 3650 |
WST-21-0756 | 131 | -43 | 411 | 453357 | 5435273 | 15 | 3650 |
WST-21-0760 | 145 | -37 | 575 | 453257 | 5435209 | 96 | 3525 |
WST-21-0761 | 149 | -34 | 485 | 453258 | 5435209 | 96 | 3525 |
WST-21-0786 | 150 | -40 | 169 | 453320 | 5435235 | 54 | 3600 |
WST-21-0806 | 112 | -33 | 93 | 453508 | 5435327 | -7 | 3800 |
Lynx Zone
Mineralization occurs as grey to translucent quartz-carbonate-pyrite-tourmaline veins and pyrite replacement zones and stockworks. Vein-type mineralization is associated with haloes of pervasive sericite-pyrite ± silica alteration and contain sulphides (predominantly pyrite with minor amounts of chalcopyrite, sphalerite, galena, arsenopyrite, and pyrrhotite) and local visible gold. Replacement mineralization is associated with strong pervasive silica-sericite-ankerite ± tourmaline alteration and contains disseminated pyrite from trace to 80% with local visible gold. Pyrite stockworks can form envelopes that reach several tens of metres thick. Fuchsite alteration is common and is spatially constrained to near the gabbros. Mineralization occurs at or near geological contacts between felsic porphyritic or fragmental intrusions and the host rhyolites or gabbros and locally can be hosted along the gabbro-rhyolite contact.
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), Director of Exploration for Osisko’s Windfall 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. NQ core assays 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, Vancouver, British Colombia, Lima, Peru or Vientiane, Laos (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 a Four Acid Digestion-ICP-MS 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 Gold Deposit
The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The Mineral Resource Estimate (“MRE“) defined by Osisko, as disclosed in the news release dated February 17, 2021 is supported by the technical report entitled “Preliminary Economic Assessment Update for the Windfall Project” dated April 26, 2021 (that includes Windfall Mineral Resource Estimate with an effective date of November 30, 2020), and assuming a cut-off grade of 3.50 g/t Au, comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 17, 2021 news release are further described in the full technical report prepared by BBA Inc. in accordance with NI 43-101 and is available on SEDAR (www.sedar.com) under the Corporation’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 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 gold 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 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. Any statement that involves 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”, “potential”, “feasibility”, “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 Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate disclosed in this news release; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the amount and type of drilling to be completed and the timing to complete such drilling; the focus of the remaining infill drilling; the trend of grade increase; the Lynx zone remaining open to expansion down plunge; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the significance of historic exploration activities and results. 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 (infill) drilling; property and royalty interests in the Windfall 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.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653
OSISKO DRILLING ADDS MORE HIGH GRADE AT WINDFALL
78.5 g/t Au Over 2.0 Metres in Zone 27
(Toronto, May 18, 2021) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Significant new analytical results presented below include 61 intercepts in 20 drill holes (15 from surface, 5 from underground) and 9 wedges. The infill intercepts are located inside defined February 2021 mineral resource estimate (“MRE”) blocks (see Osisko news release dated February 17, 2021). The expansion intercepts are located outside the February 2021 MRE blocks and either expand resource wireframes or are located in a defined zone or corridor but do not yet correlate to a specific wireframe.
Osisko Chief Executive Officer John Burzynski commented: “Today’s drilling results in the Main Zone areas of Windfall, including Underdog, mirror the results reported over the past weeks in Lynx: infill drilling continues to define grade continuity inside our MRE blocks and expansion drilling is adding ounces in the immediate surrounding areas. All infill and expansion drilling at Windfall is in support of our upcoming feasibility study.”
Selected high-grade intercepts include: 78.5 g/t Au over 2.0 metres, 58.3 g/t Au over 2.0 metres and 40.0 g/t Au over 2.0 metres in OSK-W-21-2479, 43.5 g/t Au over 2.7 metres and 38.5 g/t Au over 2.7 metres in OSK-W-21-2442-W1, 18.3 g/t Au over 6.1 metres in OSK-W-21-2496, 40.3 g/t Au over 2.4 metres in OSK-W-21-2455-W1, 44.4 g/t Au over 2.0 metres in OSK-W-21-2463, 42.8 g/t Au over 2.0 metres in WST-21-0643, and 40.2 g/t Au over 2.0 metres in OSK-W-20-2439. Maps showing hole locations and full analytical results are available at www.osiskomining.com
Infill Drilling
Hole Number | From (m) | To (m) | Interval (m) | Au (g/t) uncut | Au (g/t) cut to 100 g/t | Zone | Corridor |
OSK-W-17-777 | 839.0 | 841.0 | 2.0 | 3.52 | Underdog_4101 | Underdog | |
849.0 | 851.0 | 2.0 | 5.41 | Underdog_4101 | Underdog | ||
including | 850.6 | 851.0 | 0.4 | 20.0 | |||
856.9 | 858.9 | 2.0 | 5.63 | Underdog_4101 | Underdog | ||
including | 857.5 | 857.8 | 0.3 | 27.0 | |||
OSK-W-20-913-W2 | 801.0 | 803.0 | 2.0 | 5.04 | Caribou_2220 | Caribou | |
OSK-W-21-1827-W2 | 504.0 | 506.0 | 2.0 | 15.3 | Caribou_2231 | Caribou | |
including | 504.9 | 505.5 | 0.6 | 42.7 | |||
511.3 | 513.9 | 2.6 | 5.11 | Caribou_2231 | Caribou | ||
including | 511.3 | 512.1 | 0.8 | 11.5 | |||
OSK-W-21-2442-W1 | 447.0 | 449.0 | 2.0 | 5.81 | Z27_1203 | Zone 27 | |
including | 448.3 | 449.0 | 0.7 | 16.3 | |||
637.3 | 640.0 | 2.7 | 43.5 | 31.5 | Underdog_4101 | Underdog | |
including | 637.3 | 637.6 | 0.3 | 74.5 | |||
and | 639.6 | 640.0 | 0.4 | 181 | 100 | ||
960.1 | 962.8 | 2.7 | 38.5 | 34.7 | Underdog_4910 | Underdog | |
including | 962.5 | 962.8 | 0.3 | 134 | 100 | ||
OSK-W-21-2455-W1 | 588.6 | 590.7 | 2.1 | 4.72 | Caribou_2232 | Caribou | |
661.6 | 663.6 | 2.0 | 5.50 | Caribou_2208 | Caribou | ||
including | 663.0 | 663.6 | 0.6 | 17.0 | |||
666.5 | 668.8 | 2.3 | 4.86 | Caribou_2208 | Caribou | ||
770.6 | 773.0 | 2.4 | 40.3 | 37.6 | Caribou | Caribou | |
including | 772.1 | 773.0 | 0.9 | 107 | 100 | ||
OSK-W-21-2463 | 843.0 | 845.0 | 2.0 | 44.4 | 22.6 | Underdog_4111 | Underdog |
including | 843.3 | 843.7 | 0.4 | 209 | 100 | ||
OSK-W-21-2463-W2 | 840.6 | 843.0 | 2.4 | 3.75 | Underdog_4110 | Underdog | |
including | 840.6 | 840.9 | 0.3 | 15.9 | |||
927.0 | 929.0 | 2.0 | 17.3 | Underdog_4101 | Underdog | ||
including | 927.4 | 928.1 | 0.7 | 41.2 | |||
959.0 | 961.0 | 2.0 | 4.27 | Underdog_4100 | Underdog | ||
including | 960.0 | 960.5 | 0.5 | 14.3 | |||
972.0 | 974.0 | 2.0 | 4.77 | Underdog_4102 | Underdog | ||
including | 972.0 | 972.5 | 0.5 | 18.1 | |||
1082.0 | 1084.0 | 2.0 | 5.38 | Underdog_4511 | Underdog | ||
including | 1082.6 | 1083.0 | 0.4 | 26.5 | |||
OSK-W-21-2479 | 638.0 | 640.0 | 2.0 | 40.0 | 37.2 | Underdog_4100 | Underdog |
including | 639.0 | 639.7 | 0.7 | 108 | 100 | ||
642.6 | 649.5 | 6.9 | 8.06 | Underdog_4100 | Underdog | ||
including | 645.3 | 646.1 | 0.8 | 22.0 | |||
and | 649.0 | 649.5 | 0.5 | 22.8 | |||
OSK-W-21-2486 | 533.0 | 535.3 | 2.3 | 4.89 | Caribou_2232 | Caribou | |
including | 534.6 | 535.3 | 0.7 | 10.2 | |||
OSK-W-21-2496 | 208.0 | 214.1 | 6.1 | 18.3 | F51_6008 | F-51 | |
including | 209.0 | 210.0 | 1.0 | 45.3 | |||
OSK-W-21-2504 | 163.0 | 165.4 | 2.4 | 5.69 | F51_6008 | F-51 | |
including | 163.5 | 164.5 | 1.0 | 13.3 | |||
OSK-W-21-777-W1 | 610.7 | 612.9 | 2.2 | 17.1 | Caribou_2233 | Caribou | |
OSK-W-21-777-W2 | 568.0 | 570.0 | 2.0 | 35.2 | Caribou_2211 | Caribou | |
572.0 | 574.4 | 2.4 | 4.90 | Caribou_2211 | Caribou | ||
611.0 | 613.0 | 2.0 | 9.76 | Caribou_2233 | Caribou |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below.
Expansion Drilling
Hole Number | From (m) | To (m) | Interval (m) | Au (g/t) uncut | Au (g/t) cut to 100 g/t | Zone | Corridor |
OSK-W-20-2399-W1 | 451.0 | 453.6 | 2.6 | 4.00 | Caribou | Caribou | |
OSK-W-20-2406 | 404.0 | 406.0 | 2.0 | 4.76 | Caribou | Caribou | |
506.0 | 508.0 | 2.0 | 11.5 | Caribou | Caribou | ||
including | 506.4 | 507.0 | 0.6 | 28.2 | |||
OSK-W-20-2432 | 405.0 | 407.0 | 2.0 | 3.65 | Caribou | Caribou | |
763.0 | 767.0 | 4.0 | 11.7 | Caribou | Caribou | ||
including | 763.0 | 764.0 | 1.0 | 40.7 | |||
OSK-W-20-2439 | 35.0 | 37.0 | 2.0 | 40.2 | F11 | F11 | |
including | 35.0 | 36.0 | 1.0 | 77.0 | |||
OSK-W-20-2440 | 314.0 | 316.9 | 2.9 | 3.67 | Caribou | Caribou | |
OSK-W-20-2441 | 181.5 | 184.4 | 2.9 | 5.07 | Caribou | Caribou | |
OSK-W-21-1882-W1 | 744.0 | 746.0 | 2.0 | 5.16 | Underdog | Underdog | |
OSK-W-21-2442-W1 | 945.0 | 947.1 | 2.1 | 8.49 | Underdog | Underdog | |
948.0 | 950.0 | 2.0 | 3.52 | Underdog | Underdog | ||
OSK-W-21-2451 | 436.0 | 438.0 | 2.0 | 4.32 | Caribou | Caribou | |
including | 436.4 | 437.0 | 0.6 | 14.0 | |||
OSK-W-21-2455 | 440.0 | 442.0 | 2.0 | 3.66 | Caribou | Caribou | |
OSK-W-21-2463 | 323.0 | 325.0 | 2.0 | 3.55 | Caribou | Caribou | |
including | 324.0 | 324.4 | 0.4 | 10.2 | |||
962.0 | 964.1 | 2.1 | 5.85 | Underdog | Underdog | ||
including | 963.1 | 964.1 | 1.0 | 12.2 | |||
1126.9 | 1129.0 | 2.1 | 7.07 | Underdog | Underdog | ||
including | 1126.9 | 1127.3 | 0.4 | 28.1 | |||
OSK-W-21-2463-W2 | 940.0 | 942.0 | 2.0 | 4.23 | Underdog | Underdog | |
1051.0 | 1053.0 | 2.0 | 4.17 | Underdog | Underdog | ||
OSK-W-21-2479 | 482.0 | 484.0 | 2.0 | 78.5 | 16.8 | Z27 | Zone 27 |
including | 482.3 | 482.6 | 0.3 | 511 | 100 | ||
485.4 | 489.0 | 3.6 | 10.4 | Z27 | Zone 27 | ||
616.0 | 618.3 | 2.3 | 11.3 | Underdog | Underdog | ||
including | 617.0 | 617.3 | 0.3 | 84.3 | |||
625.1 | 627.1 | 2.0 | 27.8 | Underdog | Underdog | ||
including | 626.3 | 627.1 | 0.8 | 69.0 | |||
630.0 | 632.0 | 2.0 | 4.97 | Underdog | Underdog | ||
including | 630.6 | 631.0 | 0.4 | 22.6 | |||
899.9 | 901.9 | 2.0 | 58.3 | 37.3 | Underdog | Underdog | |
including | 900.2 | 900.9 | 0.7 | 160 | 100 | ||
913.7 | 916.8 | 3.1 | 25.0 | 17.7 | Underdog | Underdog | |
including | 916.5 | 916.8 | 0.3 | 176 | 100 | ||
OSK-W-21-2483 | 282.2 | 284.5 | 2.3 | 7.55 | Caribou | Caribou | |
OSK-W-21-2490 | 436.9 | 439.0 | 2.1 | 5.06 | Caribou | Caribou | |
including | 437.9 | 438.2 | 0.3 | 35.0 | |||
560.1 | 562.1 | 2.0 | 4.32 | Caribou | Caribou | ||
including | 561.3 | 561.6 | 0.3 | 10.7 | |||
WST-21-0597 | 17.7 | 19.9 | 2.2 | 6.48 | Bobcat | Bobcat | |
WST-21-0642 | 150.0 | 152.0 | 2.0 | 4.13 | Bobcat | Bobcat | |
including | 150.6 | 151.0 | 0.4 | 16.8 | |||
WST-21-0643 | 163.0 | 165.0 | 2.0 | 42.8 | Bobcat | Bobcat | |
including | 163.0 | 164.0 | 1.0 | 85.4 | |||
WST-21-0644 | 86.4 | 89.6 | 3.2 | 6.69 | Bobcat | Bobcat | |
including | 86.4 | 87.2 | 0.8 | 17.2 | |||
WST-21-0651 | 88.0 | 90.2 | 2.2 | 3.83 | Bobcat | Bobcat | |
including | 88.3 | 89.0 | 0.7 | 8.60 |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below.
Drill hole location
Hole Number | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation | Section |
OSK-W-17-777 | 330 | -59 | 1221 | 452678 | 5434500 | 403 | 2675 |
OSK-W-20-2399-W1 | 333 | -54 | 876 | 452875 | 5434553 | 398 | 2875 |
OSK-W-20-2406 | 333 | -56 | 693 | 452633 | 5434281 | 400 | 2525 |
OSK-W-20-2432 | 333 | -57 | 864 | 452809 | 5434415 | 404 | 2750 |
OSK-W-20-2439 | 147 | -50 | 360 | 452515 | 5436029 | 406 | 3275 |
OSK-W-20-2440 | 330 | -52 | 807 | 452738 | 5434475 | 401 | 2725 |
OSK-W-20-2441 | 338 | -59 | 405 | 452715 | 5434606 | 397 | 2775 |
OSK-W-20-913-W2 | 334 | -52 | 913 | 452878 | 5434419 | 401 | 2825 |
OSK-W-21-1827-W2 | 331 | -58 | 690 | 452506 | 5434390 | 403 | 2475 |
OSK-W-21-1882-W1 | 328 | -57 | 1197 | 452469 | 5434405 | 400 | 2450 |
OSK-W-21-2442-W1 | 347 | -53 | 1011 | 452315 | 5434419 | 399 | 2325 |
OSK-W-21-2451 | 330 | -58 | 803 | 452809 | 5434415 | 404 | 2750 |
OSK-W-21-2455 | 328 | -53 | 780 | 452738 | 5434476 | 401 | 2725 |
OSK-W-21-2455-W1 | 328 | -53 | 798 | 452738 | 5434476 | 401 | 2725 |
OSK-W-21-2463 | 339 | -65 | 1335 | 452616 | 5434449 | 403 | 2600 |
OSK-W-21-2463-W2 | 339 | -65 | 1325 | 452616 | 5434449 | 403 | 2600 |
OSK-W-21-2479 | 344 | -55 | 993 | 452315 | 5434419 | 399 | 2325 |
OSK-W-21-2486 | 334 | -57 | 1167 | 452596 | 5434392 | 401 | 2550 |
OSK-W-21-2483 | 328 | -58 | 756 | 452731 | 5434634 | 397 | 2800 |
OSK-W-21-2490 | 338 | -61 | 786 | 452756 | 5434466 | 400 | 2725 |
OSK-W-21-2496 | 158 | -50 | 279 | 453484 | 5435967 | 403 | 4100 |
OSK-W-21-2504 | 161 | -47 | 186 | 453533 | 5435947 | 403 | 4125 |
OSK-W-21-777-W1 | 330 | -59 | 969 | 452678 | 5434500 | 403 | 2675 |
OSK-W-21-777-W2 | 330 | -59 | 1170 | 452678 | 5434500 | 403 | 2675 |
WST-21-0597 | 151 | -2 | 132 | 452817 | 5434943 | 275 | 3025 |
WST-21-0642 | 149 | -38 | 172 | 452955 | 5435003 | 253 | 3175 |
WST-21-0643 | 129 | -41 | 220 | 452955 | 5435003 | 253 | 3175 |
WST-21-0644 | 130 | -4 | 120 | 452955 | 5435003 | 254 | 3175 |
WST-21-0651 | 153 | -52 | 400 | 452954 | 5435003 | 253 | 3175 |
Caribou Zone
Mineralization most commonly occurs in gold-bearing pyrite stockworks as well as semi-massive pyrite replacement zones associated with phyllic alteration (sericite-pyrite ± silica) with sulphides, pyrite dominated with minor chalcopyrite and sphalerite ranging from trace to up to 20%, and local visible gold. Mineralization is hosted in rhyolites or mafic-intermediate volcanics frequently at or near faults or the contact with felsic porphyritic intrusions.
Zone 27
Mineralization most commonly occurs as replacement-type characterized by 5% to 50% disseminated, stringer, semi-massive or stockwork pyrite, ptygmatic tourmaline veins, quartz-tourmaline crustiform veins, local quartz-carbonate veins, and local visible gold. Mineralization is associated with moderate to strong sericite, weak to strong silica, weak chlorite and carbonate and locally weak fuchsite and is hosted in strongly altered andesites, in or at the contact of the rhyolite, or along the contacts with felsic porphyritic intrusions.
F-Zones
Mineralization is hosted in sheared andesites with carbonate replacement or quartz veining and occurs as quartz ± ankerite veinlets or as replacement type in shear zones and is characterised by trace to 10% pyrite with local visible gold. Alteration is dominated by sericite-fuchsite-tourmaline-pyrite.
Bobcat
Mineralization most commonly occurs in gold-bearing quartz-pyrite veins controlled by northeast trending faults and shears and to a lesser extent in minor crustiform quartz-tourmaline-ankerite-pyrite veins and pyrite replacement zones and stockwork. Mineralization is hosted in sheared mafic volcanics, rhyolites near faults, or at the contact with felsic porphyritic intrusions.
Underdog
Mineralization most commonly occurs in gold-bearing quartz-pyrite (± tourmaline) veins and as disseminated, stringer, semi-massive to massive pyrite with minor sphalerite, chalcopyrite and molybdenite associated with strong sericite and silica alteration. Mineralization is hosted along the intrusive contacts of a three-phase composite felsic porphyritic unit which cross-cuts felsic and mafic volcanic sequences.
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), Director of Exploration for Osisko’s Windfall 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. NQ core assays 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, Vancouver, British Colombia, Lima, Peru or Vientiane, Laos (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 a Four Acid Digestion-ICP-MS 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 Gold Deposit
The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The Mineral Resource Estimate (“MRE“) defined by Osisko, as disclosed in the news release dated February 17, 2021 is supported by the technical report entitled “Preliminary Economic Assessment Update for the Windfall Project” dated April 26, 2021 (that includes Windfall Mineral Resource Estimate with an effective date of November 30, 2020), and assuming a cut-off grade of 3.50 g/t Au, comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 17, 2021 news release are further described in the full technical report prepared by BBA Inc. in accordance with NI 43-101 and is available on SEDAR (www.sedar.com) under the Corporation’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 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 gold 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 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. Any statement that involves 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”, “potential”, “feasibility”, “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 Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate disclosed in this news release; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the amount and type of drilling to be completed and the timing to complete such drilling; the focus of the remaining infill drilling; the trend of grade increase; the Lynx zone remaining open to expansion down plunge; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the significance of historic exploration activities and results. 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 (infill) drilling; property and royalty interests in the Windfall 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.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653
OSISKO DRILLING RETURNS HIGH GRADE AT LYNX
180 g/t Au Over 2.2 Metres
46.8 g/t Au Over 3.3 Metres
(Toronto, May 11, 2021) Osisko Mining Inc. (OSK:TSX “Osisko” or the “Corporation”) is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Significant new analytical results presented below include 28 intercepts in 18 drill holes (5 from surface, 13 from underground) and 3 wedges. The infill intercepts are located inside defined February 2021 mineral resource estimate (“MRE”) blocks (see Osisko news release dated February 17, 2021). The expansion intercepts are located outside the February 2021 MRE blocks and either expand resource wireframes or are located in a defined zone or corridor but do not yet correlate to a specific wireframe.
Osisko Chief Executive Officer John Burzynski commented: “Today’s infill results continue to demonstrate the strong continuity inside defined MRE blocks as well as our ability to add resources in the immediate surrounding areas.”
Selected high-grade intercepts include: 180 g/t Au over 2.2 metres in OSK-W-21-2495; 46.8 g/t Au over 3.3 metres in OSK-W-21-2470, 32.2 g/t Au over 2.4 metres in OSK-W-21-2480, 27.2 g/t Au over 2.0 metres in WST-20-0585 and 21.9 g/t Au over 2.3 metres in WST-20-0639B. Maps showing hole locations and full analytical results are available at www.osiskomining.com
Infill Drilling
Hole Number | From (m) | To (m) | Interval (m) | Au (g/t) uncut | Au (g/t) cut to 100 g/t | Zone | Corridor |
OSK-W-20-2313-W9 | 826.3 | 829.0 | 2.7 | 6.53 | TLX_3184 | Triple Lynx | |
including | 827.2 | 827.9 | 0.7 | 24.0 | |||
832.7 | 835.0 | 2.3 | 7.10 | TLX_3184 | Triple Lynx | ||
including | 833.5 | 834.4 | 0.9 | 17.4 | |||
OSK-W-20-2394-W3 | 659.0 | 663.0 | 4.0 | 4.16 | TLX_3171 | Triple Lynx | |
OSK-W-21-2470 | 993.0 | 996.3 | 3.3 | 46.8 | 34.3 | TLX_3164 | Triple Lynx |
including | 993.4 | 993.8 | 0.4 | 203 | 100 | ||
OSK-W-21-2482 | 625.3 | 627.6 | 2.3 | 10.4 | TLX_3171 | Triple Lynx | |
including | 626.4 | 627.0 | 0.6 | 23.2 | |||
OSK-W-21-2495 | 1023.0 | 1025.0 | 2.0 | 4.80 | LX4_3430 | Lynx | |
including | 1023.0 | 1023.3 | 0.3 | 18.0 | |||
1027.0 | 1029.2 | 2.2 | 180 | 30.7 | LX4_3430 | Lynx | |
including | 1027.5 | 1028.1 | 0.6 | 646 | 100 | ||
WST-20-0585 | 157.7 | 159.7 | 2.0 | 27.2 | LXM_3359 | Lynx | |
including | 158.2 | 159.0 | 0.8 | 63.4 | |||
WST-20-0639B | 269.0 | 271.3 | 2.3 | 21.9 | LSX_3510 | Lynx SW | |
including | 269.5 | 270.4 | 0.9 | 41.7 | |||
298.0 | 300.0 | 2.0 | 3.62 | LSX_3556 | Lynx | ||
including | 298.4 | 298.8 | 0.4 | 11.1 | |||
WST-21-0665 | 328.4 | 331.0 | 2.6 | 4.59 | TLX_3166 | Triple Lynx | |
including | 330.4 | 331.0 | 0.6 | 11.4 | |||
WST-21-0677 | 490.4 | 492.4 | 2.0 | 11.8 | LX4_3450 | Lynx | |
including | 491.8 | 492.4 | 0.6 | 39.1 | |||
WST-21-0696 | 276.6 | 279.2 | 2.6 | 3.66 | TLX_3166 | Triple Lynx | |
including | 277.4 | 278.2 | 0.8 | 10.8 | |||
WST-21-0709 | 27.0 | 29.3 | 2.3 | 6.72 | LXM_3303 | Lynx | |
including | 27.6 | 28.7 | 1.1 | 13.8 | |||
WST-21-0710 | 28.0 | 30.0 | 2.0 | 5.14 | LXM_3303 | Lynx | |
79.0 | 81.0 | 2.0 | 18.5 | LXM_3304 | Lynx | ||
including | 79.6 | 80.3 | 0.7 | 52.5 | |||
WST-21-0729 | 398.0 | 403.0 | 5.0 | 3.69 | TLX_3165 | Triple Lynx | |
including | 402.6 | 403.0 | 0.4 | 14.7 | |||
WST-21-0735 | 338.0 | 340.1 | 2.1 | 5.06 | LSX_3501 | Lynx SW | |
including | 338.8 | 339.1 | 0.3 | 34.5 |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. LXM = Lynx Main, LX4 = Lynx 4, TLX = Triple Lynx and LSX = Lynx Southwest (SW).
Expansion Drilling
Hole Number | From (m) | To (m) | Interval (m) | Au (g/t) uncut | Au (g/t) cut to 100 g/t | Zone | Corridor |
OSK-W-21-2480 | 997.8 | 1000.2 | 2.4 | 32.2 | 25.1 | Lynx 4 | Lynx |
including | 998.9 | 999.5 | 0.6 | 129 | 100 | ||
OSK-W-21-2487 | 691.2 | 693.3 | 2.1 | 5.28 | Lynx 4 | Lynx | |
including | 691.7 | 692.5 | 0.8 | 12.2 | |||
OSK-W-21-2487-W2 | 655.0 | 657.0 | 2.0 | 5.14 | Lynx 4 | Lynx | |
OSK-W-21-2495 | 986.0 | 988.0 | 2.0 | 4.46 | Lynx 4 | Lynx | |
WST-21-0640A | 308.7 | 311.0 | 2.3 | 4.90 | Lynx SW | Lynx SW | |
342.0 | 344.0 | 2.0 | 4.85 | Lynx SW | Lynx SW | ||
including | 342.5 | 343.1 | 0.6 | 16.0 | |||
WST-21-0680 | 51.5 | 54.0 | 2.5 | 4.11 | Lynx | Lynx | |
WST-21-0692 | 532.3 | 534.9 | 2.6 | 12.7 | Triple Lynx | Triple Lynx | |
including | 532.3 | 532.6 | 0.3 | 71.8 | |||
WST-21-0729 | 421.3 | 425.3 | 4.0 | 5.72 | Lynx 4 | Lynx | |
including | 421.3 | 421.8 | 0.5 | 26.9 | |||
WST-21-0757 | 630.9 | 633.0 | 2.1 | 6.99 | Lynx 4 | Lynx | |
including | 630.9 | 631.7 | 0.8 | 18.3 |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. SW = Lynx Southwest (SW).
Drill hole location
Hole Number | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation | Section |
OSK-W-20-2313-W9 | 134 | -52 | 1218 | 452965 | 5435583 | 420 | 3450 |
OSK-W-20-2394-W3 | 138 | -52 | 1020 | 452923 | 5435467 | 414 | 3375 |
OSK-W-21-2470 | 132 | -59 | 1230 | 453304 | 5435639 | 415 | 3775 |
OSK-W-21-2480 | 121 | -55 | 1230 | 453412 | 5435633 | 412 | 3875 |
OSK-W-21-2482 | 131 | -57 | 939 | 453009 | 5435387 | 413 | 3400 |
OSK-W-21-2487 | 359 | -73 | 897 | 454135 | 5435058 | 397 | 4225 |
OSK-W-21-2487-W2 | 359 | -73 | 777 | 454135 | 5435058 | 397 | 4225 |
OSK-W-21-2495 | 123 | -54 | 1257 | 453426 | 5435565 | 410 | 3850 |
WST-20-0585 | 161 | -25 | 189 | 453418 | 5435305 | 69 | 3725 |
WST-20-0639B | 147 | -54 | 351 | 453105 | 5435065 | 231 | 3325 |
WST-21-0640A | 165 | -51 | 456 | 453104 | 5435064 | 231 | 3325 |
WST-21-0665 | 141 | -52 | 552 | 453229 | 5435127 | 134 | 3475 |
WST-21-0677 | 144 | -42 | 652 | 453257 | 5435209 | 96 | 3525 |
WST-21-0680 | 161 | -47 | 559 | 453322 | 5435235 | 55 | 3600 |
WST-21-0692 | 157 | -54 | 541 | 453356 | 5435272 | 16 | 3650 |
WST-21-0696 | 137 | -49 | 492 | 453229 | 5435127 | 134 | 3475 |
WST-21-0709 | 155 | -7 | 94 | 453360 | 5435194 | 83 | 3625 |
WST-21-0710 | 154 | -9 | 94 | 453360 | 5435195 | 83 | 3625 |
WST-21-0729 | 132 | -49 | 510 | 453229 | 5435127 | 135 | 3475 |
WST-21-0735 | 132 | -58 | 475 | 452956 | 5435003 | 253 | 3175 |
WST-21-0757 | 145 | -50 | 706 | 453228 | 5435126 | 135 | 3475 |
Lynx Zone
Mineralization occurs as grey to translucent quartz-carbonate-pyrite-tourmaline veins and pyrite replacement zones and stockworks. Vein-type mineralization is associated with haloes of pervasive sericite-pyrite ± silica alteration and contain sulphides (predominantly pyrite with minor amounts of chalcopyrite, sphalerite, galena, arsenopyrite, and pyrrhotite) and local visible gold. Replacement mineralization is associated with strong pervasive silica-sericite-ankerite ± tourmaline alteration and contains disseminated pyrite from trace to 80% with local visible gold. Pyrite stockworks can form envelopes that reach several tens of metres thick. Fuchsite alteration is common and is spatially constrained to near the gabbros. Mineralization occurs at or near geological contacts between felsic porphyritic or fragmental intrusions and the host rhyolites or gabbros and locally can be hosted along the gabbro-rhyolite contact.
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), Director of Exploration for Osisko’s Windfall 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. NQ core assays 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, Vancouver, British Colombia, Lima, Peru or Vientiane, Laos (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 a Four Acid Digestion-ICP-MS 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 Gold Deposit
The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The Mineral Resource Estimate (“MRE“) defined by Osisko, as disclosed in the news release dated February 17, 2021 is supported by the technical report entitled “Preliminary Economic Assessment Update for the Windfall Project” dated April 26, 2021 (that includes Windfall Mineral Resource Estimate with an effective date of November 30, 2020), and assuming a cut-off grade of 3.50 g/t Au, comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 17, 2021 news release are further described in the full technical report prepared by BBA Inc. in accordance with NI 43-101 and is available on SEDAR (www.sedar.com) under the Corporation’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 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 gold 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 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. Any statement that involves 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”, “potential”, “feasibility”, “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 Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate disclosed in this news release; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the amount and type of drilling to be completed and the timing to complete such drilling; the focus of the remaining infill drilling; the trend of grade increase; the Lynx zone remaining open to expansion down plunge; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the significance of historic exploration activities and results. 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 (infill) drilling; property and royalty interests in the Windfall 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.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653