Currently viewing Global edition

Osisko cuts more bonanza grades at Lynx

The Lynx corridor is proving its worth at Osisko Mining’s Windfall Lake property after the company reported a fresh round of bonanza-grade intercepts.
Osisko cuts more bonanza grades at Lynx Osisko cuts more bonanza grades at Lynx Osisko cuts more bonanza grades at Lynx Osisko cuts more bonanza grades at Lynx Osisko cuts more bonanza grades at Lynx

Osisko Mining continues to report strong gold intercepts from the Lynx corridor at Windfall Lake, Quebec

Staff Reporter

So good was the continuity of high-grade mineralisation within the corridor on the Urban Township, Quebec-based property, CEO John Burzynski said it had given management pause to rethink its approach to the Windfall deposit.

"We continue to see good continuity of high-grade mineralisation at Lynx and now Triple Lynx, and both zones remain open for expansion down-plunge. The Lynx Extension and Triple Lynx are adding important ounces and these two recent discoveries are once again demonstrating the importance of the Lynx corridor in the Windfall mineralised system."

Among the most recent results were standout intercepts of 72.3 grams per tonne gold over 12.7m in the Triple Lynx deposit, and 145g/t over 3.5m in the Lynx extension.

Osisko also recently reported further high-grade intercepts from infill drilling on Lynx, which is just north-east of the Windfall deposit. Drilling has shown good continuity within the known zones, including particularly strong intercepts in the Lynx zone.

Among the Lynx infill highlights were 80.7g/t over 5.8m; 104g/t over 3.6m; 151g/t over 2.1m and 114g/t over 2.1m.

The massive 800,000m-plus drill programme was recently expanded by a another 200,000m to further drill test the Lynx corridor, while exploration and expansion drilling on the main mineralised zones, and deep exploration in the central areas of the mineralised intrusive system continues.

Sixteen drills are currently active at Lynx and Triple Lynx, with another seven drills leading infill and exploration drilling on other areas of the deposit.

Osisko's Toronto-listed stock (TSX:OSK) has given back about 13% in the past five days to trade at C$3.19. With about 272 million shares outstanding, the company has a current market capitalisation of about $893 million.