- Osisko Mining Inc. (OSK) reported new high-grade gold exploration results from its Windfall Project
- Target hole OSK-22-1109-W2 successfully intercepted widths of high-grade gold
- Intercepts confirm the potential for a major down-plunge extension of the Lynx 4 zone
- The intercepts are 625 metres down plunge from the nearest resource block included in project’s recent mineral resource estimate
- Osisko Mining Inc. (OSK) is up 2.52 per cent trading at $2.44 per share as of 3:18 p.m. ET
Osisko Mining (OSK) reported new high-grade gold exploration results from its Windfall Project in Québec.
Target hole OSK-22-1109-W2 successfully intercepted significant widths of high-grade gold mineralization, including 81.8 grams of gold per tonne over 3.5 metres and 22.3 grams of gold per tonne over 4.1 metres.
The company stated these intercepts confirm the potential for a major down-plunge extension of the Lynx 4 zone, which could significantly expand the Windfall deposit.
The new intercepts are 625 metres down plunge from the nearest resource block included in Osisko’s most recent mineral resource estimate for Windfall. The new mineralization is considered to be typical of the area and included disseminated pyrite associated with strong alteration hosted in a structure with local visible gold.
Osisko’s CEO, John Burzynski commented,
“Windfall has scale and grade unparalleled in the global near-term development category… The addition of 625 metres length to one of our highest-grade Lynx 4 zones shows there is great potential for Windfall to move to the top of the class when compared to other significant Canadian long-life, high-grade gold deposits.”
The resource estimate for Windfall assumed a cut-off grade of 3.50 grams of gold per tonne and is made up of 297,000 ounces of gold for the measured mineral resource category, 3.75 million ounces for indicated resources, and 3.33 million ounces for inferred resources.
Osisko Mining Inc. (OSK) is up 2.52 per cent trading at $2.44 per share as of 3:18 p.m. ET.