ONTARIO – Montreal's Osisko Mining Corp. has drilled a newly discovered zone of disseminated gold mineralization at its Kirkland Lake project. The new zone, dubbed Canadian Kirkland, is located 750 metres south of Hwy 66, about 6.5 km southeast of the village of King Kirkland.
Assays from 12 holes drilled in the zone included several lengthy intersections: 105.0 metres at 1.41 g/t Au; 96.1 metres at 0.71; 92.0 metres at 0.68 g/t; 79.0 metres at 0.82 g/t; 63.0 metres at 0.67 g/t. One of the shorter intersections in hole MU14-32 returned 11.0 metres at 4.77 g/t Au including 1.00 metre at 24.7 g/t.
Osisko geologists say the mineralization is composed of fine disseminated gold and pyrite in a pinkish-gray to brick red altered lithology having a strong potassic alteration that replaces and partially brecciates the Temiskaming volcanic package.
Osisko management continues to urge its shareholders to reject the hostile takeover bid made by Goldcorp. Please visit Osisko.com.