NEWS OUT ON OBAN!Oban Mining Corp (2) Symbol C : OBM Shares Issued 58,694,202 Close 2016-01-13 C$ 1.03 Recent Sedar Documents View Original Document Oban Mining drills 20.4 m of 7.04 g/t Au at Windfall 2016-01-14 09:24 ET - News Release Mr. John Burzynski reports OBAN INTERSECTS 7.04 g/t Au OVER 20.4 METRES AT WINDFALL Oban Mining Corp.'s recent drilling at the Windfall Lake gold project located in Urban Barry township, Quebec, has intersected significant new gold mineralization. The results from the ongoing 55,000 metre drill program include the following highlights from intersections representing new intercepts and potential new mineralized lenses: 7.04 g/t Au over 20.4 metres (hole OBM-15- 559); 7.0 g/t Au over 10.0 metres (hole OBM-15-559); 10.0 g/t Au over 3.7 metres (hole OBM-15- 559); and 7.46 g/t Au over 4.7 metres (hole OBM-15-557). The table below outlines significant results from six new holes completed in late 2015 as part of the ongoing exploration and in-fill resource definition drill program at the Windfall Lake gold project: From To Interval Au Hole Zone (m) (m) (m) (g/t) OBM-15-552 449.0 452.0 3.0 5.70 Caribou S1 881.0 882.0 1.0 29.22 - including 881.0 881.5 0.5 57.30 - 901.0 901.8 0.8 15.62 - 951.5 951.8 0.3 10.95 Footwall FW3 1163.5 1164.5 1.0 8.09 FW4 OBM-15-554 1102.0 1105.0 3.0 6.33 Footwall FW4 including 1102.0 1103.0 1.0 18.15 Footwall FW4 OBM-15-555 282.8 284.2 1.4 14.85 - OBM-15-556 677.0 677.3 0.3 65.40 FW1 OBM-15-557 200.1 202.1 2.0 4.12 - including 200.1 200.8 0.7 9.94 - 350.7 351.2 0.5 9.33 - 852.7 855.0 2.3 4.19 FW1 894.5 901.3 6.8 5.27 (cut to 100g/t) including 894.5 894.8 0.3 2590.00 (uncut) 971.0 981.3 10.3 3.80 FW3 including 975.9 980.6 4.7 7.46 FW3 1136.7 1143.0 6.3 3.67 Potential New Lens 1 Including 1136.7 1137.5 0.8 20.60 OBM-15-559 271.5 272.5 1.0 6.06 - 545.8 547.0 2.2 6.76 Caribou S3 628.9 631.7 2.8 5.24 Potential New Lens 2 646.5 666.9 20.4 7.04 Potential New Lens 3 including 646.5 650.5 4.0 12.92 and 646.5 647.5 1.0 39.00 and 654.0 657.4 3.4 12.82 and 662.5 666.9 4.4 8.90 681.0 684.7 3.7 10.00 Potential New Lens 4 751.0 761.0 10.0 7.00 Potential New Lens 5 including 757.0 760.0 3.0 19.87 - 976.1 979.0 2.9 5.74 - including 977.3 978.0 0.7 23.00 - Notes: (1) For complete drilling results please see www.obanmining.com. (2) True widths are estimated at 65-80% of the reported core length interval. See "Quality Control" below. Holes drilled below the Red Dog dyke are designed to test three major corridors of alteration and mineralization (FW-1, FW-3, FW-4) that are oriented ENE and dipping steeply to the SE, similar to the known lenses of the Main Zone defined above the Red Dog dyke. In most cases, the alteration and mineralization was present at the interpreted projection of the lenses. Some of the holes intersected other lenses before reaching their deep targets. Hole OBM-15-552 (section 2300E) extended the Caribou S1 lens, located above the Red Dog dyke by 30 metres to the SW with an interval assaying 5.7 g/t gold over 3.0 metres at 449.0 metres hole depth. It also intersected the FW-1, FW-3, and FW-4 lenses with a best single assay 8.09 g/t gold over 1.0 metre in FW-4. OBM-15-554 (section 2150E) intersected strong pyrite mineralization in a moderately to strongly altered porphyry dyke within the FW- 3 lens, and strongly altered andesite within the FW-4 lens with anomalous assay values. An intercept of 18.15 g/t gold over 1.0 metre was obtained to the NW of the FW-4 lens, suggesting that additional gold mineralization may exist further to the northwest. OBM-15-556 (section 1700E) intersected strongly altered rock units within the three targeted lenses with a best assay of 65.4 g/t gold over 0.3 m in FW-1- lens. OBM 15-557 (section 2300E) tested the FW-3 lens at 815 metres below surface, and returned 7.46 g/t gold over 4.7 metres in a silicified porphyry dyke. OBM-15-559 (section 2775E) tested the down plunge extension of the high grade portion of the FW-3 lens at a vertical depth of 930 metres. This hole intersected a hydrothermal breccia in a fragmental porphyry dyke with 2-5% pyrite, traces of chalcopyrite and tourmaline-pyrite veinlets. Assays are pending for this lens. The hole also intersected significant gold mineralization immediately above the Red Dog dyke with 7.04 g/t gold over 20.4 metres. This interval is located 70 metres to the ENE of hole EAG-12-448 (9.09 g/t gold over 5.7 metres, historic Eagle Hill intercept) and 32 metres WSW of hole NOT-07-169 (15.89 g/t gold over 1.8 metres, historic Noront intercept). The new results suggest the possible continuity of gold over 100 metres for this newly defined lens that remains open down dip for another 100 metres above the Red Dog dyke and along its strike extension. Hole OBM-15-559 also intersected two potential new lenses at 681 metres with 10.00 g/t gold over 3.7 metres and at 751 metres with 7.00 g/t gold over 10.0 metres immediately above the Red Dog intrusion. Both intersections remain open along their strike to the ENE where drilling is non-existant. OBM-15-553, OBM-15-555, and OBM-15-558 were abandoned due to excessive direction deviation. Historical hole EAG-11-311 (section 2200E) was extended from 1037 metres to 1226 metres to test the FW-4 mineralized corridor at a vertical depth of 965 metres below surface. The corridor was intersected from 1114.6 to 1135.1 metres with 3-10% pyrite in an altered andesite intruded by porphyry dykes. The interval was anomalous in gold with 0.19 g/t gold over 20.5 metres. The Company has also started a large airborne electromagnetic (EM) geophysical survey to cover its Urban-Barry property. The survey will include approximately 11,500 line-kilometres of EM data collection at a line spacing of 200 metres and a detailed line spacing of 50 metres over the Windfall Lake area. The selected EM method has the potential of identifying mineralization similar to that of the Windfall Lake gold deposit as well as massive sulphide lenses. The Urban-Barry property contains one of the largest remaining belts of under-explored felsic volcanic rocks in the Superior Province that have the potential to host polymetallic, gold-rich massive sulfide mineralization. Qualified Person The scientific and technical content of this press release has been reviewed by Mr. Gernot Wober, P.Geo., Vice President Exploration for Oban Mining Corporation, who is a Qualified Person as defined by National Instrument 43-101. Quality Control True widths are estimated at 65-80% of the reported core length interval. 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. All NQ core assays reported were obtained by either 1 kg screen fire assay or standard 50g fire-assaying-AA finish or gravimetric finish at ALS Laboratories in Val d'Or, Quebec or Sudbury, Ontario. The 1 kg screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. All samples are also analysed for multi-elements, including silver, using an Aqua Regia-ICP-AES method at ALS laboratories. Drill program design, Quality Assurance/Quality Control 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 Company as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay. About the Windfall Lake Gold Deposit The Windfall Lake gold deposit is located between Val-d'Or and Chibougamau in the Abitibi region of Quebec, Canada. The current mineral resource comprises 2,762,000 tonnes at 8.42 g/t gold (748,000 ounces) in the indicated category and 3,512,000 tonnes at 7.62 g/t gold (860,000 ounces) in the inferred category (NI 43-101 compliant report, dated November 13, 2014). These grades make the Windfall Lake gold deposit one of the highest grade resource-stage gold projects in the Americas. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1,400 metres long. The deposit is well defined from surface to a depth of 500 metres, and remains open along strike and at depth. Mineralization has been identified only 30 metres from surface in some areas and as deep as 870 metres in others, with significant potential to extend mineralization up and down-plunge and at depth. For more information on the Windfall Lake gold project, please see the "Technical Report for the Windfall Lake Gold Project, Quebec" dated April 17, 2014 (effective date March 3, 2014) filed on SEDAR under the issuer profile of Eagle Hill Exploration Corporation at www.sedar.com. Please note that the Windfall Lake PEA (as defined below) is based on a mineral resource estimate with an effective date of November 13, 2014. We seek Safe Harbor. 2016 Canjex Publishing Ltd. All rights reserved.