To: Goose94 who wrote (22726 ) 11/8/2016 8:13:48 AM From: Goose94 Read Replies (1) | Respond to Osisko Mining (OSK-T) Intersects 6.1 g/t Au Over 35.4 Metres at Windfall Includes 12.2 g/t Au over 15.2 metres in near surface mineralization in Caribou Zone 24.4 g/t Au over 4.2 metres in significant extension of Underdog mineralization: 6.1 g/t Au over 35.4 metres (17.0 g/t Au over 35.4 metres uncut) including 12.2 g/t Au over 15.2 metres (37.6 g/t Au over 15.2 metres uncut) and 24.4 g/t Au over 4.2 metres in DDH OSK-W-16-735; 17.2 g/t Au over 2.4 metres in DDH OSK-W-16-728, and 15.7 g/t Au over 2.0 metres in DDH OSK-W-16-311-W1. The new results demonstrate the potential for significant near-surface mineralization, and the continuity and high potential for significant extensions of the gold mineralization below Red Dog. Details of the new results are outlined in the table below. Hole No. From To Interval Au (g/t) Au (g/t) Zone Corridor OSK-W-16-705 ext 899.0 901.9 2.9 3.54 FW3 Underdog including 901.1 901.9 0.8 12.3 FW3 Underdog OSK-W-16-728 363.0 365.4 2.4 42.2 17.2 New Cfm Vein including 363.6 364.0 0.4 250 100 New Cfm Vein 404.0 404.5 0.5 23.8 New Cfm Vein 752.2 754.9 2.7 4.69 Zone 27 Cfm Vein including 753.1 753.9 0.8 15.6 Zone 27 Cfm Vein OSK-W-16-311-W1 1118.0 1120.0 2.0 15.7 FW4 HW Underdog 1131.0 1132.9 1.9 8.32 FW4 Underdog including 1131.0 1132.0 1.0 15.7 FW4 Underdog OSK-W-16-311-W2 1149.3 1152.0 2.7 5.21 FW4 Underdog including 1150.3 1151.0 0.7 19.9 FW4 Underdog OSK-W-16-735 58.3 60.5 2.2 13.8 vein Shear vein including 58.3 58.9 0.6 48.7 vein Shear vein 101.8 137.2 35.4 17.0 6.1 Caribou Caribou including 101.8 117.0 15.2 37.6 12.2 Caribou Caribou and 103.0 103.5 0.5 10.1 Caribou Caribou including 112.0 113.0 1.0 486 100 Caribou Caribou and 113.0 113.7 0.7 79.2 Caribou Caribou 322.8 325.0 2.2 14.6 Zone 27 Zone 27 including 322.8 323.4 0.6 53.0 Zone 27 Zone 27 532.4 534.5 2.1 14.1 FW1 Underdog including 532.4 533.1 0.7 32.8 FW1 Underdog 554.4 557.8 3.4 10.8 FW1 FW Underdog including 554.4 554.8 0.4 76.9 FW1 FW Underdog 797.8 800.0 2.2 6.75 FW4 HW Underdog including 798.8 799.1 0.3 48.4 FW4 HW Underdog 812.0 814.9 2.9 8.57 FW4 HW Underdog including 814.4 814.9 0.5 43.0 FW4 HW Underdog 824.2 828.4 4.2 33.6 24.4 FW4 Underdog including 824.2 824.5 0.3 228 100 FW4 Underdog and 826.8 828.4 1.6 36.8 FW4 Underdog
Notes: (1) For complete drilling results please see www.osiskomining.com (2) True Widths are estimated at 65 - 80% of the reported core length interval. See "Quality Control" below. (3) FW = footwall; HW = hanging wall; Cfm = crustiform
Drill Hole Collar Coordinates and Information Hole Number Azimuth Dip Length UTM E UTM N Section OSK-W-16-311-W1 330.3 -62.4 1155 452311 5434424 2325 OSK-W-16-311-W2 330.3 -62.4 1181 452311 5434424 2325 OSK-W-16-705 332.0 -60.0 637.5 452598 5434584 2650 OSK-W-16-728 333.8 -65.7 1420.5 453055 5434890 3200 OSK-W-16-735 330.1 -63.8 1111.5 452288 5434576 2375
DDH OSK-W-16-705 ext was extended to test the FW3 Zone below Red Dog. The FW3 Zone contains pyrite stringers and disseminations in a moderately sericitized volcanic rock unit, returning 3.54 g/t Au over 2.9 metres and confirms continuity of the gold mineralization between two shallowly plunging higher grade shoots.DDH OSK-W-16-728 final assay results included several crustiform veins which returned 17.2 g/t Au over 2.4 metres and 23.8 g/t Au over 0.5 meters from the hanging wall of the Caribou Zone (the main zone, previously reported, returned 391 g/t Au over 3.1 metres, see September 19, 2016 press release). Another crustiform vein was intersected in the ENE extension of Zone 27 and returned 4.69 g/t Au over 2.7 metres.DDH OSK-W-16-311-W1 intersected 15.7 g/t Au over 2.0 metres in the hanging wall of the FW4 Zone below Red Dog. The FW4 Zone returned 8.32 g/t Au over 1.9 metres in a bleached andesite at the contact with a porphyry dyke containing pyrite.DDH OSK-W-16-311-W2 tested the FW4 Zone 90 metres to the SW of DDH OSK-W-16-311-W1, and intersected 5.21 g/t Au over 2.7 metres in a strongly silicified porphyry dyke containing pyrite stringers and disseminations.DDH OSK-W-16-735 further confirmed the near surface extension of the Caribou Zone with 6.1 g/t Au over 35.4 metres (17.0 g/t Au over 35.4 metres uncut) including 12.2 g/t Au over 15.2 metres (37.6 g/t Au over 12.2 metres uncut) . This intercept is located within 90 metres from surface and is 40 metres below previously reported hole EAG-10-240 which returned a similarly strong result of 16.1 g/t Au over 13.0 metres . The intercept contains pyrite stringers and dissemination and visible gold at the contact between volcanic rocks and a strongly silicified and sericitized porphyry dyke. 14.6 g/t Au over 2.2 metres in a strongly silicified and sericitized andesite with pyrite stringers with visible gold. This intercept expands Zone 27 by 36 metres along strike to the WSW.14.1 g/t Au over 2.1 metres in a strongly silicified and sericitized porphyry dyke containing pyrite stringers with visible gold. This intercept is a 200 metres step-out up-plunge from the known mineralization in FW1 and demonstrates the high potential to increase the size of the mineral resource below Red Dog. This intercept was followed by 10.8 g/t Au over 3.4 metres located 15 metres further to the NW in a strongly sericitized and silicified porphyry dyke containing pyrite stringers with visible gold.8.57 g/t Au over 2.9 metres in a strongly silicified porphyry dyke containing visible gold.24.4 g/t Au over 4.2 metres (33.6 g/t Au over 4.2 m uncut) at the strongly sericitized and silicified contact between two porphyry dykes with pyrite stringers and dissemination, and visible gold. This intercept is located 70 metres to the WSW from previously reported DDH OSK-W-16-704-W1 which returned 25.1 g/t Au over 2.0 metres in a very sparsely drilled sector below Red Dog. The intercept highlights the strong potential for expanding the Underdog mineralized zones with further drilling.www.osiskomining.com 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 below Red Dog 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. True widths of intercepts in the zones above the Red Dog are estimated at 65-80% of the reported core length intervals. 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, Québec, 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 $80 million in cash and cash equivalents as well as marketable securities of approximately $60 million. osiskomining.com
