"During the following September, Osisko Mining began a series of large capital raises as management turned its focus to this very promising deposit. I was in attendance on September 15th, during the company’s presentation at the Precious Metals Summit in Beaver Creek, Colorado, when they unveiled their plan to concentrate specifically on this new discovery at Windfall. Management informed the audience they believed there could possibly be a 5 million oz. gold deposit at Windfall and they were going to focus on this deposit with a major drill campaign.
Then, in late December, the company announced a 250,000 meter drill program at Windfall as they continued to hit high grade intercepts on the property. On February 6th, the company announced a C$30M bought deal equity raise, which was immediately bumped up to C$52M. This was the company’s fifth financing since the aforementioned August discovery of last year. They also increased the drill program to 400,000 meters. This series of events led to a sudden explosion in interest in the Urban-Windfall District."
By David Erfle Contributor to Kitco News
December 19, 2016 08:00 ET
Osisko increases drill program at Windfall by 250,000 metres
MONTRAL, QUBEC--(Marketwired - Dec. 19, 2016) - Osisko Mining Inc. (TSX:OSK)("Osisko" or the "Corporation") is pleased to announce that it is increasing the scale of the ongoing drill program at its 100% owned Windfall Lake gold project located in the Urban Township, Qubec.
Since late October 2015, Osisko has drilled approximately 115,000 metres as part of an originally announced 50,000 metre program (expanded twice to the current 150,000.
December 19, 2016 08:00 ET
Osisko increases drill program at Windfall by 250,000 metres