Osisko Discovers New Near Surface High-Grade Gold Zone at Windfall
TORONTO, May 28, 2019 -- Osisko Mining Inc. (OSK:TSX. "Osisko" or the "Corporation") is pleased to announce the discovery of a new shallow gold bearing zone at its 100% owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
The new zone (“Windfall North”) was discovered in a previously unexplored area 350 metres north of the main deposit, and consists of gold-bearing quartz veins hosted in a silica-carbonate-sericite alteration envelope locally up to six metres wide. Mineralization occurs between 50 metres - 275 metres vertical depth from surface and remains open at depth and along strike, as two sub-parallel zones following the same general trend of the main deposit (zones plunging at 45 degrees NE).
Osisko President and Chief Executive Officer John Burzynski commented: “Our extensive drill program at Windfall is continuing to deliver positive results on infill, expansion and exploration near the main deposit. This new shallow high-grade discovery is a very positive sign that there is good potential to add new ounces near surface. We expect to continue to grow the size of our deposit as we advance our work at Windfall, both near surface and with our deep drilling program.”
- Published: 29 May 2019
- Written by Editor