All within a stone throw Osisko Intersects 57.0 g/t Au Over 2.7 Metres at Lynx
Lynx Discovery Confirmed Over 1.7 Kilometre Strike Length
TORONTO, ONTARIO--(Marketwired - July 25, 2017) - Osisko Mining Inc. (TSX:OSK) ("Osisko" or the "Corporation") is pleased to provide new results and a geological update on the Lynx deposit from the ongoing drill program at its 100% owned Windfall Lake gold project located in Urban Township, Qubec. The current 400,000 metre drill program at Windfall combines definition drilling above the Red Dog intrusion ("Red Dog"), expansion drilling above and below Red Dog, and expansion/definition drilling in the adjacent Lynx deposit located immediately to the NE of Windfall. Maps depicting Lynx and the new drill hole locations and full analytical results are available at www.osiskomining.com.
- Lynx deposit discovery extended by drilling to currently over 1.7 kilometres length and remains open to NE and SE
- Recently defined "Bank Fault" interpreted as key structure associated with intrusion-related gold mineralization at Windfall and Lynx, with potential regional extent
- 12 drills currently active on Lynx, 12 additional drills continue to define Windfall Deposit
Twenty-four drills are active on the overall Windfall Project. Twelve of those drills are currently focused on the principal Lynx deposit (Lynx HW, Lynx 1 and Lynx 2) and other subparallel Lynx zones (Lynx 3, 4, 5, and 6 and undesignated zones). Mineralization within individual zones of the Lynx deposit follow the same principal northeast oriented pathways along dike contacts as seen throughout the main Windfall deposit. One-hundred and sixty-five (165) holes have been completed in the Lynx deposit to date: complete assays have been received and released from 42 holes; partial assays have been received and released from an additional 41 holes; 82 holes are awaiting analysis.
Significant new assays from twenty-four intercepts in nineteen drill holes focused on infill and expansion drilling in the Lynx deposit are reported in the table below. Highlights from the new results include: 159 g/t Au over 2.7 metres, including 1.06 kilograms/tonne over 0.4 metres (17.0 g/t Au over 2.7 metres cut) from DDH OSK-W-17-857; 57.0 g/t Au over 2.7 (50.1 g/t Au over 2.7 metres cut) in DDH OSK-W-17-827; 57.8 g/t Au over 2.3 metres from DDH OSK-W-17-877; and 52.8 g/t Au over 2.3 metres from DDH OSK-W-17-879.
President and Chief Executive Officer John Burzynski noted: "Our exploration team has been working particularly hard over the past number of months absorbing the huge amount of new data from our large-scale drilling program, and with the new work on the Lynx discovery we are starting to see the emergence of a whole new high-grade deposit within our high-grade Windfall project. Windfall and Lynx are intrusive-related gold deposits with a proximal relationship to the Bank Fault. Although we are drilling towards a new resource estimate for Windfall by the end of this year, we believe the potential for expanding Windfall, Lynx and making new discoveries within the main deposit area is still completely wide-open."
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