Osisko Mining Inc. Announces Results from the 2017 Drill Program at its 100% Owned Garrison Gold Project Located in Garrison Township, Ontario
January 16, 2018 at 02:50 am IST
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Osisko Mining Inc. announced new results from the 2017 drill program at its 100% owned Garrison gold project located in Garrison Township, Ontario. Over 85,000 metres of new drilling have been conducted by Osisko at the Garrison Project since its acquisition in late 2015. A total of fifty-four new intercepts in twenty-eight holes are reported in this release, with significant assay results presented in the table below. Highlights from the new drilling include: 2.65 g/t Au over 70.1 metres in OSK-G17-390; 521 g/t Au over 1.0 metre in OSK-G17-450; 1.53 g/t Au over 62.8 metres in OSK-G17-425; 1.81 g/t Au over 32.0 metres in OSK-G17-424; 5.12 g/t Au over 5.0 metres and 3.21 g/t Au over 16.0 metres in OSK-G17- 435; 2.72 g/t Au over 17.8 metres in OSK-G17-439; 3.73 g/t Au over 12.0 metres in OSK-G17-429; 1.10 g/t Au over 32.4 metres in OSK-G17-387; 1.15 g/t Au over 27.0 metres in OSK-G17-421; 1.47 g/t Au over 20.9 metres in OSK-G17-469; 2.00 g/t Au over 14.7 metres in OSK-G17-392; 3.41 g/t Au over 19.0 metres in OSK-G-17-431; and 14.9 over 2.0 metres in OSK-G-17-446. OSK-G17-363, and OSK-G17-397 were drilled in the eastern part of the 903 Zone, along the same section 2400W. OSK-G17-363 intersected two mineralized zones: 1.04 g/t Au over 15 metres in a quartz-iron carbonate breccia/iron carbonate + hematite altered metasediment; the second mineralized zone intersected 1.03 g/t Au over 6.0 metres within a strong albite-hematite altered porphyritic syenite. OSK-G17-387 and OSK-G17-425 were drilled in the same section 2850W in the central part of the 903 Zone. OSK-G17-387 intersected three mineralized zones: 2.39 g/t Au over 7.9 metres and 2.88 g/t Au over 9.0 metres associated with quartz veining, albite alteration and sulfides within a sub-vertical syenite dyke. The third mineralized zone returned 1.10 g/t Au over 32.4 metres, and is hosted by metasediments at the base of their discordant contact with ultramafic rocks. OSK-G17-425 intersected two mineralized zones: 1.53 g/t Au over 62.8 metres within a massive albite-hematite altered porphyritic syenite. The second mineralized zone is hosted within a shear zone in ultramafic rocks, with fragments of syenite and lamprophyre, averaging 10.18 g/t Au over 2.0 metres. OSK-G17-390 intercepted 1.42 g/t Au over 4.0 metres associated with a minor brown dyke altered with albite and biotite, with quartz veinlets and pyrite dissemination. The hole also intercepted a wide syenite dyke with strong albite-hematite alteration and zones of abundant quartz veining, specularite and euhedral pyrite dissemination returning 2.65 g/t Au over 70.1 metres. OSK-G17-390 represents one of the best mineralized zones intercepted so far at the 903 Zone. OSK-G17-392 was drilled 200 metres west of hole OSK-G17-387 and OSK-G17-425 in the central 903 Zone, intersecting two mineralized zones associated to iron carbonate + hematite altered metasediments, near the discordant contact between sediments and ultramafic rocks. The first interval averaged 2.66 g/t Au over 3.0 metres, and the second zone averaged 2.00 g/t Au over 14.7 metres. This deeper zone represents the strike extension of the zone. OSK-G17-413, -416, -421 were designed to test the mineralized zone dipping below the Garrcon east bulk sample pit. OSK-G17-413 intersected 1.16 g/t Au over 7.0 metres and 4.99 g/t Au over 2.0 metres; OSK-G17-416 intersected 0.87 g/t Au over 29.5 metres; OSK-G17-421 intersected 1.40 g/t Au over 10.0 metres, 0.83 g/t Au over 31.5 metres, and 1.15 g/t over 27.0 metres. Mineralization is closely associated with the N-NE trending, east dipping, quartz iron carbonate veins, breccias and fractures showing albite, sericite, and iron carbonate alteration of the host rock. Local pyrite concentrations up to 2% along with local visible gold within the veins mark the most common mineralization seen.
Osisko Mining Inc. is a Canada-based mineral exploration company. The Company is focused on the acquisition, exploration, and development of precious metal resource properties in Canada. It holds a 50% interest in the high-grade Windfall gold deposit located between Val-d'Or and Chibougamau in Quebec and holds a 50% interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area (over 2,300 square kilometers). The Windfall property consists of over 286 individual claims covering an aggregate area of 12,523 hectares (ha). The Windfall project is located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec, Canada. The Urban Barry properties are located in the Urban Township, in Quebecâs Eeyou Istchee James Bay region, approximately 700 kilometers (km) north-northwest of Montreal, and 100 km east of Lebel-sur-Quevillonâs municipality. The Quevillon property consists of over 2815 individual claims covering an area of 150,163 ha.