Canadian Mining Journal

News

GOLD: Osisko makes new find in Urban Township



QUEBEC – Osisko Mining of Montreal has made a new gold discovery during exploration of its Urban-Barry property about 200 km northeast of Val d’Or. The company has one drill turning on this part of its Windfall Lake gold project.

The discovery hole, OSX-W-16-717, returned 3.22 g/t Au over 11.6 metres. The hole was drilled 3.7 km west-northwest of the main Windfall deposit. Gold mineralization occurs within a zone of strong texturally destructive sericite and silica alteration and andesite volcanics containing 2% to 3% pyrite stringers with tourmaline, fine grained pyrite disseminations and zones of silica filled brecciated stringers cross-cutting the interval, according to Osisko in a news release.

The current resource of the Windfall Lake deposit is 2.76 million indicated tonnes averaging 8.42 g/t Au (748,000 oz) and 3.51 million inferred tonnes at 7.62 g/t Au (860,000 oz).

More information is available at www.OsiskoMining.com.