(Kitco News) - Osisko Mining (TSX: OSK) today provided an updated mineral resource estimate (MRE) for its 100% owned Windfall gold deposit, located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
According to the company’s statement, updated mineral resources consist of 4.1 M oz Au measured & indicated (“M&I”) resource averaging 11.4 g/t Au, as well as 3.3 M oz Au inferred resource averaging 8.4 g/t Au.
Osisko noted that this robust MRE includes approximately 1.9 million metres of drilling, adding that the MRE will form the basis of the pending Windfall Project Feasibility Study, scheduled for delivery by YE2022.
CEO John Burzynski commented, "We’ve had a busy summer and have successfully completed another significant milestone at Windfall. With this final MRE update prior to our pending feasibility study, we have met and exceeded our objectives for the Windfall drill program: a robust measured and indicated resource of over 4 million ounces with an average grade of over 10 g/t Au.
“The scale of Windfall and the deposit grade has steadily increased since Osisko’s discovery of Lynx in late 2016. Lynx now represents almost two-thirds (65%) of the total gold in the MRE, and it continues to impress with a stand-alone total M&I resource of 3.1 M oz averaging 13.0 g/t Au.”
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d'Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding the Urban Barry area and nearby Quévillon area (over 2,400 square kilometres).
