| Announcement Date: | 2022-02-08 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Osisko Mining Inc. |
| Project name: | Windfall |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 2.0m @ 362g/t Au from 45.8m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | TORONTO, Feb. 08, 2022 — Osisko Mining Inc. (OSK:TSX “Osisko” or the “Corporation”) is pleased to provide an update from the ongoing exploration program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec. New analytical results from 12.5 metre infill drilling targeting the Lynx 600 level bulk sample (the “Triple Lynx” bulk sample) area are presented below. The infill program was completed in support of a revised block model for the sample, predicting approximately 5,000 tonnes with an average capped grade of 36.7 g/t Au in the planned sample area. This capped grade is 350% higher than the average grade of the recently published Windfall mineral resource estimate (“MRE”) (see Osisko news release dated January 10, 2022) measured and indicated average grade of 10.5 g/t Au and demonstrates the potential for areas of the deposit to host a significant number of additional ounces. The infill intercepts are located inside defined January 2022 MRE blocks but were not included in the MRE (as they were received subsequent to the closure of the data base). Results include 25 intercepts in 22 drill holes (1 from surface, 21 from underground) and 3 wedges. Chief Executive Officer John Burzynski commented: “We are highly encouraged with these initial results from the planned Lynx 600 bulk sample area. |
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