Infill Drilling Encounters High-Grade Gold At Lynx

 

TORONTO - Osisko Mining Inc. reported new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec. The 800,000 meter drill program combines definition, expansion and exploration drilling in and around the main Windfall gold deposit and the adjacent Lynx deposit (located immediately NE of Windfall).

Significant new analytical results from 19 intercepts in 12 drill holes and 5 wedges focused on infill drilling in the Lynx deposit. The infill drilling results will not be included in the pending mineral resource scheduled this month.

Highlights from the new results include: 115 g/t Au over 8.4 metres in OSK-W-17-1363; 58.7 g/t Au over 5.1 meters in OSK-W-17-1343-W1; 118 g/t Au over 2.5 meters and 85.1 g/t Au over 2.0 meters in OSK-W-17-1169-W2; 72.8 g/t Au over 3.1 meters in OSK-W-17-1166; 68.8 g/t Au over 2.0 meters in OSK-W-17-928; 67.0 g/t Au over 2.0 meters in OSK-W-17-1396; 50.3 g/t Au over 2.3 meters in OSK-W-17-986; and 43.0 g/t Au over 2.6 meters in OSK-W-17-1320. 

The Windfall Lake gold deposit is located between Val-d'Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by the previous operator comprises 2,762,000 tonnes at 8.42 g/t Au (748.000 ounces) in the indicated category and 3,512,000 tonnes at 7.62 g/t Au (860,000 ounces) in the inferred category (sourced from a technical report dated June 10, 2015 entitled "Preliminary Economic Assessment of the Windfall Lake Gold Property, Québec, Canada" with an effective date of April 28, 2015, prepared in accordance with NI 43-101). The Windfall Lake gold deposit is currently one of the highest grade resource-stage gold projects in Canada. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 meters wide and at least 1,400 meters long. The deposit is well defined from surface to a depth of 500 meters, and remains open along strike and at depth. Mineralization has been identified only 30 meters from surface in some areas and as deep as 870 meters in others, with significant potential to extend mineralization up and down-plunge and at depth.