Osisko Mining starts drilling on 1,400m step-out at Windfall gold project in Québec

6 February 2017 (Last Updated February 6th, 2017 18:30)

Osisko Mining has commenced drilling on the 1,400m step-out line north-east of the main Windfall deposit at its fully owned Windfall Lake gold project in Québec, Canada.

Osisko Mining has commenced drilling on the 1,400m step-out line north-east of the main Windfall deposit at its fully owned Windfall Lake gold project in Québec, Canada.

Osisko has already conducted drilling on the 200m, 400m and 600m step out lines, which have extended the site's known gold mineralisation area. The company is now drilling the 800m step-out line.

The new fence of drill holes on the 1,400m line is intended to explore the potential of the north-east-trending linear magnetic-low to an additional 800m beyond the last mineralised intercept.

Osisko is also scheduled to start drilling two additional exploration holes on a NNE trending fault of the Windfall structure, which features zones of magnetic depression.

These two planned holes are located 2.8km north and 1.9km WSW from the deposit respectively.

"These two planned holes are located 2.8km north and 1.9km WSW from the deposit respectively."

Situated between Val-d'Or and Chibougamau in the Abitibi region, the Windfall Lake gold deposit hosts nearly 2.762 million tonnes at 8.42g/t Au (748,000oz) in the indicated category and 3.512 million tonnes at 7.62g/t Au (860,000oz) in the inferred category, according to a technical report published in 2015.

Most of the mineralisation is within the main zone, a south-west / north-east trending area of stacked mineralised lenses that is 600m-wide and 1,400m-long.

A mineral exploration company, Osisko Mining focuses on precious metal resource properties in Canada.

Along with Windfall Lake gold project, Osisko holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area. It also has 100% ownership of the Marban project in the Abitibi gold mining district.