To: Goose94 who wrote (21803 ) 8/29/2016 8:07:31 AM From: Goose94 Read Replies (1) | Respond to Osisko Mining (OSK-T) Makes New Gold Discovery in Urban Township - 3.22 g/t Au over 11.6 metres located 3.7 kilometres west of Windfall deposit3.22 g/t Au over 11.6 metres . DDH OSX-W-16-717 is located approximately 3.7 kilometres west - northwest of the main Windfall deposit, and lies approximately 1.4 kilometres northwest of exploration hole OBX-16-666 (183.5 g/t Au over 0.3 metres, see Osisko press release dated June 3, 2016). DDH OSX-W-16-717 is part of a fence of holes currently testing the westerly strike of the Windfall Deposit geological trend. A number of target styles are being investigated along this fence, including geophysical anomalies and as follow-up to earlier identified gold-in-till anomalies. Hole From (m) To (m) Interval Au Zone OSX-W-16-717 243.9 255.5 11.6 3.22 Fox including 243.9 245.0 1.1 3.83 including 245.0 246.0 1.0 1.85 including 246.0 247.0 1.0 5.38 Including 247.0 248.0 1.0 2.16 including 248.0 249.0 1.0 5.50 including 249.0 250.0 1.0 5.20 including 250.0 251.0 1.0 1.65 including 251.0 252.0 1.0 4.56 including 252.0 253.0 1.0 2.10 including 253.0 254.0 1.0 1.23 including 254.0 255.0 1.0 1.74 including 255.0 255.5 0.5 3.66
Drill Hole Collar Coordinates and Information: Hole Number Azimuth Dip Length UTM E UTM N OSX-W-16-717 331 -45 526.5 448759 5435644
OSX-W-16-717 targeted the contact between a magnetic high and low, 3.7 km to the WNW of the Main Zone at Windfall. The gold mineralization occurs within a zone of strong texturally-destructive sericite and silica alteration in andesite volcanics containing 2-3% pyrite stringers, with tourmaline, fine grained pyrite disseminations and zones of silica-filled brecciated stringers cross-cutting the interval. The mineralization is very similar to that seen at the nearby Windfall gold deposit.Qualified Person The scientific and technical content of this press release has been reviewed, prepared and approved by Mr. Jean-Philippe Desrochers, Ph.D., P.Geo. Senior Project Manager of the Windfall Lake gold project, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Quality Control True widths of the new exploration intercepts reported in this press release have yet to be determined. Additional drilling is planned for the immediate area which will enable the true width determination. Assays are uncut except where indicated. All NQ core assays reported were obtained by either 1 kg whole rock metallic screen/fire assay or standard 50 gram fire-assaying with AA or gravimetric finish at ALS Laboratories in Val d'Or, Québec or Sudbury, Ontario. The 1 kg metallic screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. All samples are also analysed for multi-elements, including silver, using an Aqua Regia-ICP-AES method at ALS laboratories. Drill program design, Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assays. About the Windfall Lake Gold Deposit The Windfall Lake gold deposit is located between Val-d'Or and Chibougamau in the Abitibi region of Québec, Canada. The current mineral resource comprises 2,762,000 tonnes at 8.42 g/t Au (748,000 ounces) in the indicated category and 3,512,000 tonnes at 7.62 g/t Au (860,000 ounces) in the inferred category (sourced from a technical report dated June 10, 2015 entitled "Preliminary Economic Assessment of the Windfall Lake Gold Property, Quebec, Canada" with an effective date of April 28, 2015, prepared in accordance with NI 43-101). The Windfall Lake gold deposit is currently one of the highest grade resource-stage gold projects in Canada. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1,400 metres long. The deposit is well defined from surface to a depth of 500 metres, and remains open along strike and at depth. Mineralization has been identified only 30 metres from surface in some areas and as deep as 870 metres in others, with significant potential to extend mineralization up and down-plunge and at depth. About Osisko Mining Inc. Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% in the high-grade Windfall Lake gold deposit located between Val-d'Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area (82,400 hectares), a 100% interest in the Marban project located in the heart of Québec's prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. The Corporation also holds interests and options in a number of additional properties in northern Ontario. Osisko continues to be well financed and has approximately $50 million in cash and cash equivalents as well as marketable securities of approximately $60 million. John Burzynski
