Canadian Mining Journal


GOLD: Osisko cuts 12.5 g/t over 8.5 metres at Windfall

QUEBEC – High grade results continue for Toronto-based Osisko Mining as it drills at the Windfall gold property 100 km east of Lebel-sur-Quevillon in Urban Township. New results include 12.5 g/t gold over 8.5 metres in hole 16-667 in the Underdog corridor.

Visible gold is a hallmark of the Lynx zone and occurs occasionally in the other zones at Windfall. Credit: Osisko Mining.

Core assays have also returned 12.4 g/t gold over 5.0 metres from hole 17-805 in the Lynx 2 zone and 15.9 g/t over 3.0 metres in hole 13-504 in a new extension of the Wolf zone in the Caribou corridor.

Osisko is working on a resource update before the end of 2017. The feasibility study and permitting will be done in 2018. Finally, construction could begin in 2019 and the first gold pour occur in 2020.

The Windfall Lake deposit has an estimated 2.76 million indicated tonnes grading 8.42 g/t gold (748,000 oz.) and 3.51 million inferred tonnes at 7.62 g/t (860,000 oz.) The bulk of the mineralization occurs in the Main zone, a southwest-northeast trending zone of stacked lenses striking at least 1,400 metres and about 600 metres wide. Mineralization has been intersected only 30 metres from the surface and as deep as 870 metres with potential to extend it up- and down-plunge and at depth.

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