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Exploration Firm Returns 'More Positive Assay Results' at Quebec Project

Streetwise Reports, Streetwise Reports
0 Comments| December 27, 2019

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The latest findings are reviewed in an Echelon Wealth Partners report.


In a Dec. 16 research note, Echelon Wealth Partners analyst Ryan Walker reported that Osisko Mining Inc.'s (OSK:TSX) recent drill results showed the "Lynx zone growls." The Lynx deposit is part of Osisko's Windfall Lake gold project in Quebec.

Walker reviewed the new results, which are from one surface and six wedge holes at Lynx.

He highlighted that one of the wedge holes, OSK-W-19-1731-W2, returned the highest-grade metal factor (grade times length) ever encountered at Windfall. It showed 1,475 grams per ton (1,475 g/t) gold uncut over 4.6 meters (4.6m), from 882.7m downhole, including 8,030 g/t gold uncut over 0.7m from 886.3m downhole. Because the zone remains open downplunge, Osisko plans to drill more there.

(That particular hole is about 50m up-plunge of previously reported hole OSK-W-19-2069-W2 that showed 8m of 161 g/t gold.)

Walker provided numerous additional intercepts from this same batch of recent holes. Among them were 2.5m of 37.5 g/t and 1m at 237 g/t from OSK-W-19-1181-W12 and 2.5m of 22.3 g/t from OSK-W-19-2068-W3. Grades are uncut, and true widths are an estimated 55–80% of reported core intervals.

Results from previous recent bulk sampling in Lynx zone 311 showed "an impressive 89% positive grade bias with a 5,716 ton sample averaging 17.8 g/t Au," indicated Walker.

Considering the results from bulk sampling and drilling together, he wrote, "We contend that combined, the latest results demonstrate the potential for the application of a possibly too aggressive top cutting factor and for higher-grade blow-outs during any eventual production at Windfall."

Echelon has a Speculative Buy rating and a CA$3.80 per share target price on Osisko Mining. The company's current share price is about CA$3.59.

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Disclosures from Echelon Wealth Partners, Osisko Mining Inc, December 16, 2019

Echelon Wealth Partners compensates its Research Analysts from a variety of sources. The Research Department is a cost centre and is funded by the business activities of Echelon Wealth Partners including, Institutional Equity Sales and Trading, Retail Sales and Corporate and Investment Banking.

I, Ryan Walker, hereby certify that the views expressed in this report accurately reflect my personal views about the subject securities or issuers. I also certify that I have not, am not, and will not receive, directly or indirectly, compensation in exchange for expressing the specific recommendations or views in this report.

Important Disclosures:
Is this an issuer related or industry related publication? Issuer.

Does the Analyst or any member of the Analyst’s household have a financial interest in the securities of the subject issuer? No

The name of any partner, director, officer, employee or agent of the Dealer Member who is an officer, director or employee of the issuer, or who serves in any advisory capacity to the issuer. No

Does Echelon Wealth Partners Inc. or the Analyst have any actual material conflicts of interest with the issuer? No

Does Echelon Wealth Partners Inc. and/or one or more entities affiliated with Echelon Wealth Partners Inc. beneficially own common shares (or any other class of common equity securities) of this issuer which constitutes more than 1% of the presently issued and outstanding shares of the issuer? No

During the last 12 months, has Echelon Wealth Partners Inc. provided financial advice to and/or, either on its own or as a syndicate member, participated in a public offering, or private placement of securities of this issuer? Yes

During the last 12 months, has Echelon Wealth Partners Inc. received compensation for having provided investment banking or related services to this Issuer? Yes. Advisor on spinout of non-core assets to Chantrell Ventures Corp.

Has the Analyst had an onsite visit with the Issuer within the last 12 months? No

Has the Analyst or any Partner, Director or Officer been compensated for travel expenses incurred as a result of an onsite visit with the Issuer within the last 12 months? No

Has the Analyst received any compensation from the subject company in the past 12 months? No

Is Echelon Wealth Partners Inc. a market maker in the issuer’s securities at the date of this report? No


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