At
Further highlights from drilling at Valley are presented below.
Valley Zone Drilling Highlights:
- CM-20-041: 9.97 g/t Au over 4.75 meters
- CM-20-041: 64.8 g/t Au over 0.70 meters
- CM-20-041: 9.41 g/t Au over 3.85 meters
- CM-20-045: 38.5 g/t Au over 1.5 meters
- CM-20-045: 4.68 g/t Au over 7.35 meters
- CM-20-046: 16.57 g/t Au over 2.80 meters including 62.2 g/t Au over 0.50 meters
- CM-20-046: 9.33 g/t Au over 12.1 meters including 62.9 g/t Au over 0.60 meters
- CM-20-047: 7.44 g/t Au over 7.40 meters
- CM-20-048: 31.34 g/t Au over 1.30 meters including 52.40 g/t Au over 0.70 meters
- CM-20-049: 5.98 g/t Au over 8.40 meters
- CM-20-050: 8.93 g/t Au over 4.65 meters
- CM-20-051: 167 g/t Au over 0.50 meters
- CM-20-051: 4.95 g/t Au over 16.3 meters including 41.8 g/t Au over 0.70 meters
- CM-20-052: 30.68 g/t Au over 2.05 meters
- CM-20-053: 17.52 g/t Au over 2.15 meters
- CM-20-056: 43.9 g/t Au over 1.10 meters
- CM-20-057: 7.76 g/t Au over 15.60 meters (Core photos in Figure 3)
- CM-20-059: 5.50 g/t Au over 9.50 meters including 60.9 g/t Au over 0.80 meters
“Mineralized quartz veins on the
True widths are estimated to be 60 to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays. Complete assay highlights are presented in Table 1, drill hole locations are listed in Table 2.
Figure 1 accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/349b798c-02fc-43a7-a203-3b3c84367401
Figure 2 accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8b490ac3-ce5c-4efb-9691-d92e565b8aab
Figure 3 accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/bd212d1f-3c96-434b-a681-e13084eec877
Figure 3: Drill core photos from CM-20-057. This vein corridor assayed 5.98 g/t Au over 23.40 meters (core length) from 217.2 to 240 .6 meters depth including a higher grade corridor from 7.31 g/t Au over 15.6 meters from 225 to 240.6 meters. The individual quartz veins host the gold mineralization and are modelled as vein corridors, defined as a high-density network of mineralized quartz veins within the prospective sandstone unit (black). The vein corridors include both the mineralized quartz veins and the unmineralized sandstone unit, therefore the vein corridors include some internal dilution over the composited interval.
Qualified Persons
Per National Instrument 43-101 Standards of Disclosure for Mineral Projects,
Quality Assurance – Quality Control
Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on site at a secured facility in
Drill core samples are submitted to ALS Geochemistry’s analytical facility in
About
For further information, please contact | |
VP Investor Relations jflemonde@osiskodev.com |
Forward-looking Statements
Certain statements contained in this press release may be deemed “forward‐looking statements” within the meaning of applicable Canadian and
For additional information with respect to these and other factors and assumptions underlying the forward‐looking statements made in this press release, see the section entitled “Risk Factors” in the most recent Annual Information Form of Osisko which is filed with the Canadian securities commissions and available electronically under Osisko’s issuer profile on SEDAR at www.sedar.com and with the
Table 1:
HOLE ID | FROM (M) | TO (M) | LENGTH (M) | AU (G/T) | |
CM-20-037 | 87.25 | 87.75 | 0.50 | 3.96 | |
154.20 | 154.70 | 0.50 | 54.10 | ||
189.50 | 190.00 | 0.50 | 36.00 | ||
CM-20-038 | 142.25 | 143.05 | 0.80 | 3.99 | |
148.55 | 150.50 | 1.95 | 14.68 | ||
INCLUDING | 149.10 | 150.50 | 1.40 | 19.60 | |
177.00 | 178.50 | 1.50 | 6.67 | ||
224.75 | 225.25 | 0.50 | 20.10 | ||
CM-20-039 | 101.30 | 101.80 | 0.50 | 5.28 | |
152.05 | 152.85 | 0.80 | 3.54 | ||
CM-20-040 | 204.75 | 205.25 | 0.50 | 14.20 | |
247.50 | 248.00 | 0.50 | 5.65 | ||
252.25 | 253.20 | 0.95 | 4.09 | ||
269.00 | 269.50 | 0.50 | 3.55 | ||
309.40 | 310.50 | 1.10 | 7.00 | ||
333.00 | 333.75 | 0.75 | 5.80 | ||
343.15 | 347.50 | 4.35 | 3.70 | ||
INCLUDING | 343.75 | 344.70 | 0.95 | 13.35 | |
CM-20-041 | 144.75 | 145.25 | 0.50 | 10.30 | |
147.60 | 152.35 | 4.75 | 9.97 | ||
INCLUDING | 147.60 | 148.10 | 0.50 | 44.10 | |
AND | 149.70 | 150.30 | 0.60 | 33.70 | |
307.50 | 308.20 | 0.70 | 64.80 | ||
316.95 | 320.80 | 3.85 | 9.41 | ||
INCLUDING | 317.45 | 317.95 | 0.50 | 18.50 | |
AND | 317.95 | 318.45 | 0.50 | 32.60 | |
340.00 | 342.80 | 2.80 | 2.35 | ||
INCLUDING | 340.00 | 340.50 | 0.50 | 6.70 | |
AND | 342.30 | 342.80 | 0.50 | 5.12 | |
354.05 | 357.45 | 3.40 | 4.47 | ||
INCLUDING | 356.10 | 356.95 | 0.85 | 12.40 | |
437.35 | 439.25 | 1.90 | 7.01 | ||
INCLUDING | 437.35 | 438.00 | 0.65 | 12.40 | |
460.80 | 461.30 | 0.50 | 4.67 | ||
471.90 | 474.00 | 2.10 | 3.44 | ||
471.90 | 472.40 | 0.50 | 13.75 | ||
482.00 | 484.05 | 2.05 | 7.10 | ||
INCLUDING | 482.00 | 482.50 | 0.50 | 20.10 | |
CM-20-042 | 176.90 | 177.40 | 0.50 | 5.90 | |
205.40 | 209.20 | 3.80 | 3.44 | ||
228.30 | 234.15 | 5.85 | 4.01 | ||
INCLUDING | 228.30 | 228.80 | 0.50 | 7.85 | |
AND | 229.30 | 229.80 | 0.50 | 13.25 | |
AND | 232.35 | 233.00 | 0.65 | 12.05 | |
AND | 233.65 | 234.15 | 0.50 | 8.41 | |
261.30 | 263.15 | 1.85 | 6.13 | ||
INCLUDING | 262.40 | 263.15 | 0.75 | 13.50 | |
266.50 | 267.30 | 0.80 | 12.10 | ||
274.85 | 275.50 | 0.65 | 21.20 | ||
281.60 | 283.60 | 2.00 | 3.79 | ||
INCLUDING | 283.10 | 283.60 | 0.50 | 12.90 | |
286.50 | 290.95 | 4.45 | 3.70 | ||
INCLUDING | 287.50 | 288.00 | 0.50 | 17.45 | |
CM-20-043 | NO SIGNIFICANT ASSAYS | ||||
CM-20-044 | 86.70 | 87.20 | 0.50 | 3.49 | |
317.50 | 318.30 | 0.80 | 3.83 | ||
319.80 | 320.30 | 0.50 | 3.01 | ||
329.25 | 333.00 | 3.75 | 6.69 | ||
INCLUDING | 330.35 | 331.15 | 0.80 | 11.10 | |
AND | 332.10 | 333.00 | 0.90 | 10.05 | |
CM-20-045 | 74.50 | 76.00 | 1.50 | 38.50 | |
199.30 | 199.80 | 0.50 | 26.80 | ||
265.65 | 273.00 | 7.35 | 4.68 | ||
INCLUDING | 269.10 | 269.65 | 0.55 | 41.30 | |
CM-20-046 | 51.80 | 52.30 | 0.50 | 11.05 | |
71.50 | 74.30 | 2.80 | 16.57 | ||
INCLUDING | 71.50 | 72.70 | 1.20 | 12.75 | |
AND | 73.80 | 74.30 | 0.50 | 62.20 | |
84.00 | 84.80 | 0.80 | 4.14 | ||
144.60 | 145.25 | 0.65 | 4.84 | ||
158.00 | 159.00 | 1.00 | 11.30 | ||
168.50 | 169.30 | 0.80 | 3.35 | ||
178.50 | 190.60 | 12.10 | 9.33 | ||
INCLUDING | 178.50 | 179.00 | 0.50 | 50.30 | |
AND | 183.50 | 185.00 | 1.50 | 11.65 | |
AND | 187.25 | 187.75 | 0.50 | 62.60 | |
AND | 188.50 | 189.10 | 0.60 | 62.90 | |
193.50 | 194.50 | 1.00 | 3.00 | ||
205.20 | 205.70 | 0.50 | 58.10 | ||
226.00 | 227.00 | 1.00 | 4.51 | ||
241.75 | 243.25 | 1.50 | 5.79 | ||
INCLUDING | 242.25 | 242.75 | 0.50 | 11.65 | |
246.75 | 247.25 | 0.50 | 3.01 | ||
249.10 | 250.70 | 1.60 | 3.93 | ||
252.85 | 253.35 | 0.50 | 4.49 | ||
CM-20-047 | 151.80 | 152.50 | 0.70 | 34.60 | |
211.60 | 212.10 | 0.50 | 5.73 | ||
242.00 | 243.00 | 1.00 | 3.08 | ||
252.80 | 260.20 | 7.40 | 7.44 | ||
INCLUDING | 253.40 | 254.00 | 0.60 | 38.30 | |
AND | 259.10 | 260.20 | 1.10 | 16.50 | |
262.60 | 265.45 | 2.85 | 3.91 | ||
273.00 | 274.30 | 1.30 | 6.98 | ||
CM-20-048 | 74.50 | 76.00 | 1.50 | 3.85 | |
84.00 | 85.50 | 1.50 | 11.53 | ||
156.47 | 157.22 | 0.75 | 5.43 | ||
192.20 | 194.60 | 2.40 | 10.81 | ||
INCLUDING | 192.20 | 193.10 | 0.90 | 23.20 | |
AND | 194.00 | 194.60 | 0.60 | 7.13 | |
206.80 | 208.00 | 1.20 | 6.61 | ||
215.60 | 216.90 | 1.30 | 31.34 | ||
INCLUDING | 216.20 | 216.90 | 0.70 | 52.40 | |
228.50 | 229.00 | 0.50 | 23.90 | ||
241.00 | 251.80 | 10.80 | 6.77 | ||
INCLUDING | 249.45 | 250.50 | 1.05 | 33.70 | |
AND | 250.50 | 251.80 | 1.30 | 22.90 | |
CM-20-049 | 101.50 | 102.15 | 0.65 | 18.60 | |
104.95 | 106.45 | 1.50 | 4.17 | ||
120.10 | 120.60 | 0.50 | 12.35 | ||
296.00 | 299.30 | 3.30 | 3.72 | ||
INCLUDING | 296.00 | 296.60 | 0.60 | 8.32 | |
AND | 298.00 | 298.70 | 0.70 | 7.02 | |
355.60 | 364.00 | 8.40 | 5.98 | ||
INCLUDING | 357.40 | 358.15 | 0.75 | 18.40 | |
CM-20-050 | 32.70 | 33.20 | 0.50 | 7.10 | |
91.50 | 95.10 | 3.60 | 4.83 | ||
INCLUDING | 93.60 | 95.10 | 1.50 | 9.98 | |
203.65 | 204.50 | 0.85 | 32.80 | ||
317.00 | 321.65 | 4.65 | 8.93 | ||
INCLUDING | 317.00 | 318.50 | 1.50 | 9.96 | |
AND | 318.50 | 319.55 | 1.05 | 15.35 | |
331.40 | 332.35 | 0.95 | 12.75 | ||
368.50 | 369.95 | 1.45 | 4.48 | ||
CM-20-051 | 127.50 | 128.00 | 0.50 | 3.68 | |
130.50 | 132.00 | 1.50 | 4.76 | ||
193.00 | 193.50 | 0.50 | 10.15 | ||
250.70 | 251.20 | 0.50 | 167.00 | ||
256.90 | 273.20 | 16.30 | 4.95 | ||
INCLUDING | 258.15 | 258.70 | 0.55 | 16.50 | |
AND | 262.40 | 263.40 | 1.00 | 12.55 | |
AND | 269.00 | 270.15 | 1.15 | 9.20 | |
AND | 272.50 | 273.20 | 0.70 | 41.80 | |
342.50 | 343.20 | 0.70 | 5.80 | ||
344.20 | 345.00 | 0.80 | 3.24 | ||
CM-20-052 | 70.00 | 70.83 | 0.83 | 21.00 | |
161.70 | 162.25 | 0.55 | 10.80 | ||
170.80 | 171.30 | 0.50 | 32.30 | ||
178.50 | 180.00 | 1.50 | 3.73 | ||
218.10 | 220.15 | 2.05 | 30.68 | ||
225.95 | 229.10 | 3.15 | 3.26 | ||
226.70 | 227.20 | 0.50 | 11.60 | ||
314.60 | 317.40 | 2.80 | 9.85 | ||
INCLUDING | 315.30 | 316.10 | 0.80 | 14.00 | |
CM-20-053 | 275.55 | 277.70 | 2.15 | 17.52 | |
INCLUDING | 275.55 | 276.10 | 0.55 | 44.50 | |
AND | 277.20 | 277.70 | 0.50 | 19.10 | |
286.60 | 287.55 | 0.95 | 15.95 | ||
307.50 | 308.40 | 0.90 | 33.20 | ||
311.85 | 315.10 | 3.25 | 8.56 | ||
INCLUDING | 312.80 | 313.80 | 1.00 | 13.90 | |
AND | 313.80 | 314.60 | 0.80 | 11.40 | |
330.00 | 330.90 | 0.90 | 17.20 | ||
CM-20-054 | 22.50 | 24.00 | 1.50 | 17.55 | |
43.50 | 45.50 | 2.00 | 3.20 | ||
58.75 | 60.00 | 1.25 | 3.73 | ||
69.20 | 69.70 | 0.50 | 3.72 | ||
156.35 | 156.85 | 0.50 | 40.50 | ||
169.80 | 172.35 | 2.55 | 5.94 | ||
INCLUDING | 169.80 | 170.85 | 1.05 | 12.80 | |
181.25 | 182.00 | 0.75 | 11.70 | ||
193.60 | 194.25 | 0.65 | 36.20 | ||
222.00 | 222.50 | 0.50 | 14.05 | ||
CM-20-055 | 32.10 | 33.00 | 0.90 | 6.53 | |
CM-20-056 | 42.40 | 42.90 | 0.50 | 3.96 | |
354.70 | 355.45 | 0.75 | 8.06 | ||
402.00 | 402.50 | 0.50 | 3.48 | ||
415.50 | 416.00 | 0.50 | 5.06 | ||
429.00 | 429.50 | 0.50 | 16.10 | ||
493.55 | 494.65 | 1.10 | 43.90 | ||
CM-20-057 | 172.15 | 173.25 | 1.10 | 9.52 | |
209.20 | 209.70 | 0.50 | 12.95 | ||
217.20 | 240.60 | 23.40 | 5.98 | ||
INCLUDING | 217.20 | 217.70 | 0.50 | 14.15 | |
AND | 219.80 | 220.90 | 1.10 | 7.31 | |
INCLUDING | 225.00 | 240.60 | 15.60 | 7.76 | |
INCLUDING | 225.00 | 226.30 | 1.30 | 22.20 | |
AND | 227.30 | 227.85 | 0.55 | 22.00 | |
AND | 228.60 | 229.60 | 1.00 | 15.45 | |
AND | 230.70 | 231.70 | 1.00 | 23.00 | |
AND | 239.60 | 240.60 | 1.00 | 21.30 | |
CM-20-058 | 131.85 | 132.40 | 0.55 | 6.05 | |
217.00 | 217.60 | 0.60 | 27.70 | ||
242.80 | 244.20 | 1.40 | 15.90 | ||
CM-20-059 | 43.85 | 44.35 | 0.50 | 11.05 | |
105.10 | 107.00 | 1.90 | 4.82 | ||
INCLUDING | 105.95 | 106.45 | 0.50 | 6.03 | |
114.55 | 115.10 | 0.55 | 6.68 | ||
246.35 | 249.65 | 3.30 | 6.42 | ||
INCLUDING | 246.35 | 246.85 | 0.50 | 30.70 | |
270.00 | 279.50 | 9.50 | 5.50 | ||
INCLUDING | 274.00 | 274.80 | 0.80 | 60.90 | |
CM-20-060 | HOLE ABANDONED | ||||
CM-20-061 | 266.50 | 269.00 | 2.50 | 11.22 | |
INCLUDING | 267.85 | 268.50 | 0.65 | 38.10 | |
272.65 | 274.20 | 1.55 | 3.98 | ||
INCLUDING | 273.65 | 274.20 | 0.55 | 6.61 | |
282.40 | 288.60 | 6.20 | 3.24 | ||
INCLUDING | 284.70 | 285.30 | 0.60 | 13.85 | |
CM-20-062 | 44.60 | 45.35 | 0.75 | 12.35 | |
61.00 | 62.30 | 1.30 | 6.65 | ||
61.50 | 62.30 | 0.80 | 8.55 | ||
306.00 | 306.50 | 0.50 | 29.40 | ||
309.25 | 309.75 | 0.50 | 24.10 | ||
319.20 | 322.00 | 2.80 | 4.06 | ||
353.00 | 353.50 | 0.50 | 37.90 | ||
414.00 | 414.50 | 0.50 | 12.55 | ||
422.50 | 427.10 | 4.60 | 5.29 | ||
INCLUDING | 425.20 | 425.70 | 0.50 | 8.08 | |
AND | 426.55 | 427.10 | 0.55 | 31.00 | |
452.20 | 453.70 | 1.50 | 3.91 | ||
INCLUDING | 475.75 | 476.30 | 0.55 | 3.49 | |
CM-20-063 | 210.20 | 210.85 | 0.65 | 3.90 | |
220.95 | 221.75 | 0.80 | 5.71 | ||
249.65 | 251.05 | 1.40 | 17.37 | ||
INCLUDING | 249.65 | 250.25 | 0.60 | 25.80 |
Table 2: Drill Hole Locations and Orientations
HOLE ID | EASTING | NORTHING | ELEV | DIP | AZI | DEPTH (M) |
CM-20-037 | 595706 | 5884029 | 1244 | -54 | 318 | 321 |
CM-20-038 | 595620 | 5883878 | 1248 | -54 | 306 | 249 |
CM-20-039 | 595706 | 5884030 | 1244 | -56 | 316 | 300 |
CM-20-040 | 595620 | 5883878 | 1248 | -50 | 307 | 363 |
CM-20-041 | 595706 | 5884029 | 1244 | -56 | 307 | 492 |
CM-20-042 | 595620 | 5883878 | 1249 | -52 | 308 | 405 |
CM-20-043 | 595706 | 5884030 | 1244 | -58 | 298 | 78 |
CM-20-044 | 595627 | 5883992 | 1238 | -53 | 311 | 360 |
CM-20-045 | 595706 | 5884031 | 1243 | -48 | 317 | 389 |
CM-20-046 | 595628 | 5883992 | 1238 | -46 | 308 | 282 |
CM-20-047 | 595740 | 5883951 | 1250 | -46 | 299 | 390 |
CM-20-048 | 595627 | 5883992 | 1238 | -48 | 311 | 297 |
CM-20-049 | 595741 | 5883950 | 1251 | -51 | 303 | 384 |
CM-20-050 | 595628 | 5883992 | 1238 | -56 | 311 | 411 |
CM-20-051 | 595739 | 5883950 | 1249 | -50 | 296 | 369 |
CM-20-052 | 595627 | 5883992 | 1238 | -50 | 314 | 362 |
CM-20-053 | 595740 | 5883950 | 1250 | -53 | 293 | 393 |
CM-20-054 | 595628 | 5883992 | 1239 | -49 | 307 | 229 |
CM-20-055 | 595631 | 5883991 | 1239 | -49 | 305 | 139 |
CM-20-056 | 595741 | 5883950 | 1250 | -45 | 304 | 528 |
CM-20-057 | 595636 | 5883909 | 1248 | -53 | 311 | 252 |
CM-20-058 | 595636 | 5883910 | 1250 | -56 | 312 | 270 |
CM-20-059 | 595740 | 5883951 | 1250 | -49 | 305 | 360 |
CM-20-060 | 595637 | 5883909 | 1248 | -56 | 295 | 60 |
CM-20-061 | 595636 | 5883908 | 1249 | -57 | 301 | 318 |
CM-20-062 | 595742 | 5883952 | 1251 | -44 | 310 | 501 |
CM-20-063 | 595662 | 5883960 | 1245 | -54 | 296 | 264 |
Figure 1: Cariboo Deposit Areas
![](https://ml.globenewswire.com/media/349b798c-02fc-43a7-a203-3b3c84367401/medium/figure-1-cariboo-deposit-areas.jpg)
Figure 1: Cariboo Deposit Areas
Figure 2: Drill Hole Cross Section
![](https://ml.globenewswire.com/media/8b490ac3-ce5c-4efb-9691-d92e565b8aab/medium/figure-2-drill-hole-cross-section.jpg)
Figure 2: Drill Hole Cross Section
Figure 3: Drill core photos
![](https://ml.globenewswire.com/media/bd212d1f-3c96-434b-a681-e13084eec877/medium/figure-3-drill-core-photos.jpg)
Figure 3: Drill core photos
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