Osisko and AdanacThreegold Phase 1 Drill Results
AD 09-01 - 1.5 m @ 0.22 g/t au
AD 09-02 - 3.8 m @ 0.26 g/t au
AD 09-04 - 2.1 m @ 0.41 g/t au
AD 09-05 - 29 m @ 0.23 g/t au
AD 09-06 - 3.5 m @ 0.31 g/t au
AD 09-07 - 2.0 m @ 0.27 g/t au
AD 09-08 - 5.7 m @ 0.44 g/t au
AD 09-09 - 30 m @ 0.24 g/t au
AD 09-11 - 14 m @ 0.2 g/t au
AD 09-13 - 3.4 m @ 0.21 g.t au
Based on these results testing shallow depths of the Adanac property the company did not manage to log one drill hole above ½ a gram per tonne gold.
Gold Bullion Phase 1 Drill Results
GR 09-01 - 62 m @ 0.56 g/t au
GR 09-02 - 32 m @ 1.75 g/t au
GR 09-03 - 52 m @ 1.78 g/t au
GR 09-04 - 14 m @ 1.7 g/t au
GR 09-05 - 55 m @ 1.3 g/t au
GR 09-06 - 14 m @ 0.2 g/t au
GR 09-07 - 17 m @ 1.3 g/t au
GR-09-08 - 51 m @ 0.93 g/t au
GR 10-17 - 99 m @ 0.95 g/t au
Based on these results testing medium depths at the Granada property the company hit mineralization in every hole shown by consistent drill results over 1 gram per tonne gold.
Sean Roosen, CEO of Osisko Mining knows the Cadillac Trend well as does he economic gold values in drill results. The decision to option the Adanac property from Threegold Resources could not possibly be based on drill results as the Granada property not only has much higher grades but these grades are over much larger intervals than that of Threegolds’.
The reason I believe Osisko has moved in next door to Gold Bullion is due to a potential 10 km strike length being confirmed from the Preliminary Block Model on the Granada property to the Adanac property which has already shown a 1.8 km gold trend despite mild gold values. Gold Bullion is just currently testing the Aukeko Shaft 2 km east of their Preliminary Block Model which would be the third confirmation of gold values along the 10 X 2 km gold trend. What’s most interesting about Osisko’s May 26th news released optioning the Adanac property from Threegold is that it came only two weeks after Gold Bullion’s statement that they would be testing Aukeko to 450 metres vertical. All of the outstanding results from Threegold’s Phase One drill program were reported as of February 2010 and there has been no work on the property since therefore it is confusing to say the least as to what catalyst of THG’s caused Osisko so suddenly on the property. What did they see now that they didn’t see over a year ago when no work has been done on the property? Osisko likely saw another low grade bulk tonnage gold deposit on strike with them emerging at Granada and wanted a foot in the door in the area before another major began sniffing around or made a move, especially as junior mining shares were being pummelled risking M & A hostility.