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Osisko (TSX:OSK) hits gold at Windfall project

Mining
16 July 2020 11:01 (EST)
Osisko Mining - CEO, John Burzynski.

Source: 03 Mining.

Osisko Mining (OSK) has revealed the latest results from its drilling program at the Windfall gold project in Quebec.

The company was carrying out a resource expansion drilling program on Windfall, testing the Lynx deposit on the property.

The company drilled 15 drills holes, 22 wedges and 3 extensions into Lynx, with some drills returning grades as high as 34.8 grams per tonne gold over 10.4 metres.

Other results included 26.1 grams per tonne gold over 5.3 metres and 59.7 grams per tonne over 2.2 metres. The final high-grade intercept was a 42.6 gram per tonne gold result over 2.2 metres.

The Windfall project is a sizeable exploration property in the fabulously productive Abitibi Greenstone Belt.

The aforementioned mineral estimate for Windfall assumes roughly 4.13 million tonnes of indicated gold grading at 9.1 grams per tonne, alongside 14,352 tonnes of gold in the inferred category grading at 8.40 grams per tonne gold.

Osisko President and Chief Executive, John Burzynski said the Lynx system remains open both towards surface and down plunge. 

“Clearly the highest-grade portion of our Windfall deposit, Lynx continues to impress and provide good upside scale of our growing resource.

“Lynx gave important additions to our February 2020 resource update and we expect to see that pattern continue,” he said. 

Osisko Mining (OSK) is down 2.3 per cent and is trading at C$3.76 per share at 11:30 am EDT. 

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