- Osisko Mining (OSK) announced a new regional exploration program on its Urban-Barry gold project in the Abitibi greenstone belt, Eeyou Istchee James Bay, Québec
- The regional exploration program will begin in early 2023 and will focus largely on areas outside the Windfall gold deposit in the Urban-Barry volcanic belt
- A follow-up prospecting program is in progress, and the new showing will be one of the areas covered by IP surveys in the coming program
- Osisko Mining Inc. (OSK) is down 0.68 per cent and is trading at $2.93 per share as of 10:50 am ET
Osisko Mining (OSK) announced a new regional exploration program on its Urban-Barry gold project.
The project is located in the Abitibi greenstone belt, Eeyou Istchee James Bay, Québec.
The regional exploration program will begin in early 2023 and will focus largely on areas outside the Windfall gold deposit in the Urban-Barry volcanic belt.
The program is set to start with 10,000 metres of drilling and induced polarization (IP) geophysical surveys. Near deposit exploration targets include a high-potential exploration area located 1.5 km from the Windfall deposit Lynx Zone. New work on previously identified showings (including Golden Bear and Fox), new showings and structures parallel to the main Windfall deposit will also be included in the program.
Exploration targets distant from Windfall include a recently discovered showing located 42 km from Windfall. Surface grab sample results from two outcrops include 90.3 g/t Au, 1.98 g/t Au and 1.21 g/t Au.
A follow-up prospecting program is in progress, and the new showing will be one of the areas covered by IP surveys in the coming program.
Osisko’s CEO, John Burzynski, said Windfall is the type of deposit for this district, and the team is confident that others can be found in the belt.
“We have had very good exploration success over the past 6 years testing exploration ideas within the 5 km² Windfall mineralized system, discovering Lynx, Lynx 4, Triple 8, Triple Lynx, and the recent down plunge extensions of Lynx. We will now be bringing everything we’ve learned from the extensive work defining Windfall to areas surrounding the deposit and to farther afield areas in similar geological contexts to try and find the next Windfall.”
The resource estimate for Windfall assumed a cut-off grade of 3.50 grams of gold per tonne and is made up of 297,000 ounces of gold for the measured mineral resource category, 3.75 million ounces for indicated resources, and 3.33 million ounces for inferred resources.
Osisko (OSK) is a precious metal mining company which engages in acquiring, exploring, and developing mineral properties.
Osisko Mining Inc. (OSK) is down 0.68 per cent and is trading at $2.93 per share as of 10:50 am ET.
