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Osisko cuts bonanza grades at Windfall

The latest round of infill drilling results from Osisko Mining’s (TSX:OSK) Windfall Lake project in Quebec has returned bonanza grades of up to 2,223 grams per tonne gold over 2m.
Osisko cuts bonanza grades at Windfall Osisko cuts bonanza grades at Windfall Osisko cuts bonanza grades at Windfall Osisko cuts bonanza grades at Windfall Osisko cuts bonanza grades at Windfall

Osisko has intersected 2,223g/t gold over 2m at Windfall Lake

Staff Reporter

This is but the latest high-grade intercept from the 800,000m drilling campaign that started late in 2015.

Results from 53 intercepts in 24 holes and five wedges focused on infill drilling within the main Windfall gold deposit and the adjacent Lynx deposit (immediately north-east of Windfall), exploration and expansion drilling on the main mineralised zones, and deep exploration in the central areas of the intrusive system.

Further to the bonanza grades intersected in hole WST-18-0025, Osisko also hit 69.9g/t gold over 2.7m in OSK-W-18-1785; 64.2g/t over 2.1m in OSK-W-18-1785-W1; 12.3g/t over 10.7m in OSK-W-18-1797; 34.6g/t over 3.5m in OSK-W-18-1781; 45.5g/t over 2.6m in OSK-W-18-1706 and 30.5g/t over 3.5m in OSK-W-18-1756.

The Toronto-based company noted true widths were estimated at 65-80% of the reported core-length interval.

Osisko's Windfall Lake asset has continued to impress with better-than-expected Zone 27 bulk sampling results and an updated mineral resource statement late last year.

The stock closed Monday C17c or 5.52% lower at $2.91, as the TSX metals and mining index registered a 0.29% decline amid a generally buoyant market Monday. The company has a market value of $748.42 million.