| Announcement Date: | 2022-01-10 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | NI43-101 |
| Company name: | Osisko Mining Inc. |
| Project name: | Windfall |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | (Toronto, January 10, 2022) Osisko Mining Inc. (OSK:TSX, “Osisko” or the “Corporation”) is pleased to provide the updated mineral resource estimate (“MRE”) for its 100% owned world-class Windfall gold deposit, located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec. This MRE reflects the results of approximately 1.7 million metres of drilling, with 1.5 million metres completed by Osisko since October 2015, and includes all drilling completed as of September 2021 and all analytical results received as of October 20, 2021. An additional 70,000 metres of infill and expansion drilling has been completed since September 2021. This additional drilling and outstanding analytical results, together with ongoing surface and underground drilling, will be integrated into the database for the pending feasibility study expected to be completed in Q4 2022. Chief Executive Officer of Osisko John Burzynski commented: “The world-class Windfall deposit continues to impress with grade and scale. Infill drilling has again exceeded our expectations, with excellent conversion, and the M&I resource increasing by 73% with average gold grade moving past double digits to 10.5 g/t. This MRE forms a strong foundation for the upcoming feasibility study. |
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