Positive Drill Results At The Windfall Gold Project

MONTREAL - Osisko Gold Royalties Ltd reported that significant high-grade drill results at its Windfall gold project.  Osisko Mining announced a diamond drill intercept that graded 1,475 grams per tonne uncut over 4.6 meters at Windfall’s Lynx zone representing one of the best intercepts at the project to date. 

Sean Roosen, Chair and CEO said, “We would like to extend our congratulations to the Osisko Mining team, led by John Burzynski, for this excellent achievement and also for having delivered very positive results from the Lynx bulk sample. The Windfall project will deliver substantial benefits to the province of Québec, the area’s First Nations communities and other stakeholders.”

Osisko owns a 1.5% net smelter return (NSR) royalty on Windfall.  The Company initially acquired a 0.5% NSR royalty in April of 2014 as part of the acquisition of Virginia Mines Inc., and later increased its royalty in October 2016 in a transaction with Osisko Mining where it acquired an additional 1% NSR royalty. 

True width determination is estimated at 55-80% of the reported core length interval for the zone. Assays are uncut. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at ALS Laboratories.