Osisko Intersects 140 g/t Au Over 5.0 Metres At Lynx

(Toronto, January 9, 2018)  Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec. The 800,000 metre drill program combines definition, expansion and exploration drilling in and around the main Windfall gold deposit and the adjacent Lynx deposit (located immediately NE of Windfall). 

Significant new analytical results from 90 intercepts in 52 drill holes focused on infill and expansion drilling in the Lynx deposit are presented below. Osisko continues to extend the known Lynx zones of mineralization through the application of the Windfall geological model and as the density of drilling increases.

  • The main Lynx Corridor has been extended up plunge 250 metres SW from the last drill intercept for a total current strike length of confirmed mineralization over 1,550 metres and remains open.
  • Lynx HW is showing good continuity and grades towards the NE.
  • Lynx 4 has been extended 75 metres NE for a total current strike length of 1,350 metres and new infill drillholes continue to demonstrate continuity and robust gold grades between sections 3650E and 4225E.

Highlights from the new results include: 140 g/t Au over 5.0 metres in OSK-W-17-1343; 210 g/t Au over 2.4 metres in OSK-W-17-923;  28.3 g/t Au over 7.7 metres in OSK-W-17-1193; 83.0 g/t Au over 2.0 metres in OSK-W-17-1059;  43.1 g/t Au over 4.4 metres in OSK-W-1343-W2;  48.7 g/t Au over 2.6 metres in OSK-W-17-1104;  43.8 g/t Au over 2.5 metres in OSK-W-17-1242;  22.6 g/t Au over 4.8 metres in OSK-W-17-888;  16.0 g/t Au over 5.5 metres and 22.9 g/t Au over 2.4 metres in OSK-W-17-1177;  29.8 g/t Au over 2.2 metres in OSK-W-17-1085;  14.8 g/t Au over 4.4 metres in OSK-W-1193-W1;  27.9 g/t Au over 2.4 metres in OSK-W-17-1181-W1; and 20.6 g/t Au over 2.2 metres in OSK-17-W-945. Maps showing hole locations and full analytical results are available at www.osiskomining.com.

Hole No. From (m) To (m) Interval (m) Au (g/t) uncut Au (g/t)
cut to 100 g/t
Zone Corridor
OSK-W-17-883 229.0 231.0 2.0 10.3   Lynx 1 Lynx
OSK-W-17-888 235.2 240.0 4.8 22.6 21.8 Lynx 2 Lynx
including 236.0 237.2 1.2 52.3 48.9
including 236.3 236.75 0.45 109 100
OSK-W-17-888 248.0 250.0 2.0 17.8   Lynx 2 Lynx
including 248.5 249.1 0.6 58.1  
OSK-W-17-888 257.3 259.4 2.1 4.06   Lynx 2 Lynx
including 257.3 257.8 0.5 16.2  
OSK-W-17-902 398.0 400.0 2.0 3.67   QTV Lynx
including 398.8 399.2 0.4 16.8  
OSK-W-17-902 431.0 433.1 2.1 11.7   VNCR Lynx
including 431.0 432.1 1.1 22.0  
OSK-W-17-909-W2 795.8 797.9 2.1 19.2   Lynx 1 Lynx
including 797.4 797.9 0.5 61.6  
OSK-W-17-909-W3 824.0 826.0 2.0 5.93   Lynx 1 Lynx
including 824.7 825.0 0.3 39.0  
OSK-W-17-909-W3 836.2 838.3 2.1 5.86   Lynx 1 Lynx
OSK-W-17-923 890.1 892.5 2.4 210 44.3 Lynx 4 Lynx
including 890.8 891.8 1.0 498 100
including 890.8 891.3 0.5 838 100
OSK-W-17-945 466.6 468.8 2.2 20.6   Lynx 1 Lynx
including 466.6 467.6 1.0 44.5  
OSK-W-17-945 472.8 476.8 2.0 7.74   Lynx 1 Lynx
including 474.8 476.0 1.2 16.7  
OSK-W-17-953 370.0 372.0 2.0 6.02   Lynx 3 Lynx
including 370.8 371.1 0.3 38.1  
OSK-W-17-998 261.0 263.0 2.0 15.8   Lynx 1 + Lynx 2 Lynx
including 261.0 262.0 1.0 31.5  
OSK-W-17-1006 707.8 710.0 2.2 13.8   Lynx 4 Lynx
including 707.8 708.4 0.6 49.1  
OSK-W-17-1015 344.1 346.2 2.1 4.02   Lynx 2 Lynx
including 344.9 345.5 0.6 13.7  
OSK-W-17-1015 357.9 360.5 2.6 6.26   Lynx 2 Lynx
including 358.8 359.2 0.4 33.7  
OSK-W-17-1015 400.0 402.3 2.3 8.38   VNCR Lynx
including 400.7 401.7 1.0 19.0  
OSK-W-17-1019 227.0 229.0 2.0 11.3   Lynx 1 Lynx
including 227.5 228.5 1.0 22.6  
OSK-W-17-1019 329.0 331.2 2.2 3.21   Lynx 4 Lynx
including 329.5 330.0 0.5 13.5  
OSK-W-17-1019 589.0 591.0 2.0 9.04   Vein Lynx
OSK-W-17-1024 134.0 136.0 2.0 3.97   Lynx 1 Lynx
OSK-W-17-1024 138.0 140.0 2.0 3.64   Lynx 1 Lynx
OSK-W-17-1027 604.0 606.0 2.0 3.85   Lynx 2 Lynx
OSK-W-17-1027 625.0 627.2 2.2 12.2   Vein Lynx
including 626.0 627.2 1.2 22.3  
OSK-W-17-1027 779.5 782.0 2.5 3.47   Lynx HW Lynx
OSK-W-17-1028 76.0 78.0 2.0 8.18   Lynx 1 Lynx
including 770. 77.3 0.3 45.4  
OSK-W-17-1040 162. 164.0 2.0 15.9   Lynx 2 Lynx
including 162.3 162.7 0.4 68.3  
OSK-W-17-1043 374.0 376.0 2.0 3.11   Lynx 1 + Lynx 2 Lynx
OSK-W-17-1044 264.6 266.7 2.1 3.59   Lynx 2 Lynx
OSK-W-17-1059 264.0 266.0 2.0 83.0 55.9 Lynx 3 Lynx
including 264.9 266.0 1.1 149 100
OSK-W-17-1059 362.8 365.2 2.4 17.7   Lynx 1 Lynx
including 362.8 364.0 1.2 33.6  
OSK-W-17-1067 512.6 515.7 3.1 4.54   Lynx HW Lynx
OSK-W-17-1072-W2 842.8 845.9 3.1 5.24   Lynx 4 Lynx
OSK-W-17-1072-W2 885.2 887.2 2.0 17.7   Lynx 4 Lynx
including 886.9 887.2 0.3 98.2  
OSK-W-17-1072-W2 908.0 911.0 3.0 8.60   Lynx 4 Lynx
including 910.6 911.0 0.4 56.6  
OSK-W-17-1072-W2 915.0 917.0 2.0 10.9   Lynx 4 Lynx
including 915.5 916.2 0.7 30.9  
OSK-W-17-1072-W2 989.7 992.0 2.3 17.1   Lynx 4 Lynx
including 990.1 990.4 0.3 127  
OSK-W-17-1072-W2 1019.7 1022.0 2.3 4.16   Lynx 4 Lynx
including 1020.2 1020.5 0.3 31.0  
OSK-W-17-1072-W3 906.6 909.0 2.4 4.02   Lynx 4 Lynx
OSK-W-17-1085 230.0 232.5 2.5 4.41   Lynx 1 Lynx
OSK-W-17-1085 328.5 330.7 2.2 29.8   Lynx 2 Lynx
including 329.5 330.7 1.2 54.6  
OSK-W-17-1099 83.0 85.0 2.0 7.87   Lynx 1 Lynx
including 83.0 83.3 0.3 51.9  
OSK-W-17-1104 857.4 860.0 2.6 48.7 27.3 Vein Lynx
including 857.4 858.0 0.6 193 100
OSK-W-17-1112 603.0 605.1 2.1 9.96   Lynx HW Lynx
including 604.0 604.7 0.7 24.0  
OSK-W-17-1113 374.1 376.2 2.1 6.35   Lynx 2 Lynx
including 374.7 375.2 0.5 25.2  
OSK-W-17-1113 382.4 387.0 4.6 8.46   Lynx 1 + Lynx 2 Lynx
including 386.4 387.0 0.6 22.2  
OSK-W-17-1128 985.5 988.5 3.0 17.4   Lynx 4 Lynx
including 987.0 988.5 1.5 32.3  
OSK-W-17-1128 1256.0 1258.0 2.0 4.49   TBD Lynx
including 1257.0 1257.7 0.7 12.7  
OSK-W-17-1128 1286.1 1288.1 2.0 8.25   TBD Lynx
including 1286.1 1286.7 0.6 20.0  
OSK-W-17-1131 135.0 137.0 2.0 3.28   Lynx 1 Lynx
including 136.4 137.0 0.6 10.8  
OSK-W-17-1166-W1 662.0 665.0 3.0 3.32   TBD Lynx
OSK-W-17-1166-W1 676.3 682.0 5.7 3.13   TBD Lynx
including 676.3 677.0 0.7 11.4  
OSK-W-17-1166-W1 799.0 801.0 2.0 3.12   Lynx 1 Lynx
OSK-W-17-1166-W2 1048.6 1050.8 2.2 5.06   Vein Lynx
OSK-W-17-1166-W3 941.4 944.0 2.6 4.21   VNCR Lynx
OSK-W-17-1166-W3 969.4 971.5 2.1 6.63   QTV Lynx
including 969.4 970.0 0.6 16.1  
OSK-W-17-1166-W3 1267.0 1269.1 2.1 6.96   Lynx 6 Lynx
including 1267.5 1268.2 0.7 16.6  
OSK-W-17-1166-W3 1477.0 1479.0 2.0 4.05   TBD Lynx
including 1477.0 1477.4 0.4 16.8  
OSK-W-17-1168 213.0 217.0 4.0 6.05   Lynx 3 Lynx
including 216.0 217.0 1.0 14.5  
OSK-W-17-1169 624.0 627.0 3.0 9.75   Lynx 1 Lynx
including 625.5 627.0 1.5 19.4  
OSK-W-17-1170 232.0 234.0 2.0 4.22   VNCR Lynx
OSK-W-17-1170 417.0 419.0 2.0 3.23   Vein Lynx
including 417.0 417.5 0.5 12.3  
OSK-W-17-1177 571.0 576.5 5.5 16.0   Lynx 1 Lynx
including 572.2 573.0 0.8 97.6  
OSK-W-17-1177 764.0 766.4 2.4 22.9   TBD Lynx
including 765.3 766.0 0.7 77.0  
OSK-W-17-1181 933.5 936.0 2.5 4.46   Lynx 4 Lynx
including 934.25 935.1 0.85 12.7  
OSK-W-17-1181-W1 920.9 923.3 2.4 27.9 25.6 Lynx 1 Lynx
including 921.5 922.1 0.6 110 100
OSK-W-17-1181-W1 1030.0 1032.3 2.3 14.4   Lynx 4 Lynx
including 1031.1 1031.7 0.6 48.2  
OSK-W-17-1181-W1 1040.5 1042.6 2.1 4.66   Lynx 4 Lynx
including 1041.0 1041.8 0.8 12.2  
OSK-W-17-1181-W2 909.0 915.0 6.0 5.92   Lynx 1 Lynx
OSK-W-17-1181-W2 938.0 942.0 4.0 4.60   Lynx 4 Lynx
OSK-W-17-1181-W2 949.0 954.0 5.0 10.5   Lynx 4 Lynx
including 949.5 950.0 0.5 59.5  
OSK-W-17-1181-W2 961.1 963.2 2.1 41.0   Lynx 4 Lynx
OSK-W-17-1181-W3 1097.5 1101.0 3.5 5.31   Lynx 4 Lynx
OSK-W-17-1187 264.0 266.7 2.7 3.43   Lynx 3 Lynx
OSK-W-17-1193 971.3 979.0 7.7 28.3 24.9 Lynx 4 Lynx
including 971.3 974.4 3.1 66.5 58.1
OSK-W-17-1193-W1 947.6 952.0 4.4 14.8   VNCR Lynx
including 947.6 948.1 0.5 27.7  
including 950.5 951.5 1.0 45.5  
OSK-W-17-1242 820.0 822.5 2.5 3.68   Lynx 4 Lynx
including 821.3 822.1 0.8 9.25  
OSK-W-17-1242 871.0 873.0 2.0 4.38   Lynx 4 Lynx
including 871.7 872.2 0.5 15.3  
OSK-W-17-1242 1032.0 1034.5 2.5 43.8  12.3 Lynx 4 Lynx
including 1034.2 1034.5 0.3 362 100 
OSK-W-17-1242-W2 601.0 603.0 2.0 7.18   Lynx HW Lynx
including 602.1 603.0 0.9 13.2  
OSK-W-17-1320 61.8 64.3 2.5 4.72   Lynx 1 Lynx
OSK-W-17-1320 112.0 114.0 2.0 5.45   Lynx 1 Lynx
including 112.4 112.7 0.3 31.0  
OSK-W-17-1343 541.0 546.0 5.0 140 30.8 Lynx HW Lynx
including 544.7 545.6 0.9 704 100
OSK-W-17-1343-W2 507.3 511.7 4.4 34.1 29.5 Lynx HW Lynx
including 507.3 509.1 1.8 77.7 66.6
OSK-W-17-1343-W2 636.5 639.0 2.5 3.11   Lynx HW Lynx
OSK-W-17-1346 214.0 218.1 4.1 3.26   Lynx 1 + Lynx 2 Lynx
OSK-W-17-1350 386.7 388.7 2.0 6.31   Lynx 4 Lynx
OSK-W-17-1356 195.2 197.5 2.3 10.0   Lynx 1 Lynx
OSK-W-17-1364 301.0 307.1 6.1 15.0   Lynx 1 Lynx
including 303.8 305.1 1.3 35.0  

Notes:

  1. True widths are estimated at 65 – 80% of the reported core length interval.  See “Quality Control” below.
  2. Definitions: HW = Hanging Wall, VNCR = Crustiform Vein, TBD = To be determined, QTV: quartz tourmaline vein

Osisko Intersects 30 g/t Au Over 2.4 Metres At Windfall

(Toronto, December 5, 2017)  Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.  The 800,000 metre drill program combines definition, expansion and exploration drilling in and around the main Windfall gold deposit and the adjacent Lynx deposit (located immediately NE of Windfall).  Significant new analytical results from 52 intercepts in 40 drill holes focused on infill and expansion drilling in the Underdog, Caribou, Zone 27 and Mallard corridors of the Windfall deposit are presented below.

Highlights from the new results include: 30 g/t Au over 2.4 metres, in OSK-W-17-1141; 10.2 g/t Au over 5.4 metres in OSK-W-17-1125, 26.0 g/t Au over 2.2 metres in OSK-W-17-1125-W3 and 5.38 g/t Au over 9.0 metres in OSK-W-17-1186. Maps showing hole locations and full analytical results are available at www.osiskomining.com.

Hole Number Azimuth (°) Dip (°) Length (m) UTM E UTM N Section
OSK-W-17-883 326 -60 396 453455 5434983 3600
OSK-W-17-888 333 -52 402 453367 5434941 3500
OSK-W-17-902 331 -50 468 453390 5434852 3475
OSK-W-17-909-W2 131 -55 1071 453683 5435677 4125
OSK-W-17-909-W3 131 -55 1066 453683 5435677 4125
OSK-W-17-923 137 -56 1062 453607 5435603 4025
OSK-W-17-945 149 -50 557 453374 5435444 3750
OSK-W-17-953 131 -48 762 453218 5435353 3575
OSK-W-17-998 330 -57 372 453313 5434909 3425
OSK-W-17-1006 136 -49 762 453281 5435348 3625
OSK-W-17-1015 137 -51 474 453232 5435294 3550
OSK-W-17-1019 140 -52 606 452660 5434917 2875
OSK-W-17-1024 330 -53 360 453295 5434947 3450
OSK-W-17-1027 134 -59 825 453437 5435481 3825
OSK-W-17-1028 326 -59 807 452860 5434814 3000
OSK-W-17-1040 327 -45 294 453295 5434948 3450
OSK-W-17-1043 133 -47 438 453284 5435344 3625
OSK-W-17-1044 333 -70 381 453477 5435045 3650
OSK-W-17-1059 136 -46 660 453284 5435344 3625
OSK-W-17-1067 132 -48 653 453339 5435400 3700
OSK-W-17-1072-W2 144 -57 1059 453612 5435535 4000
OSK-W-17-1072-W3 144 -57 1110 453612 5435535 4000
OSK-W-17-1085 339 -68 447 453460 5435020 3625
OSK-W-17-1099 335 -56 264 453143 5434935 3300
OSK-W-17-1104 142 -50 1059 453383 5435455 3775
OSK-W-17-1112 136 -54 636 453437 5435481 3825
OSK-W-17-1113 138 -50 480 453280 5435347 3625
OSK-W-17-1128 129 -53 1419 453272 5435392 3625
OSK-W-17-1131 337 -60 342 453329 5435010 3500
OSK-W-17-1166-W1 132 -59 1516 453621 5435639 4050
OSK-W-17-1166-W2 132 -59 1197 453621 5435639 4050
OSK-W-17-1166-W3 132 -59 1551 453621 5435639 4050
OSK-W-17-1168 329 -57 717 453464 5435090 3650
OSK-W-17-1169 129 -55 1437 453330 5435468 3725
OSK-W-17-1170
Hole No. From (m) To (m) Interval (m) Au (g/t) uncut Au (g/t) cut to
100 g/t
Zone Corridor
OSK-W-17-885-W2 1199.0 1201.0 2.0 10.8   FW0 FW Underdog
including 1199.0 1200.0 1.0 21.3  
OSK-W-17-935 80.0 82.8 2.8 3.34   Mallard HW Mallard
including 82.0 82.8 0.8 9.71  
OSK-W-17-1013 9.2 12.0 2.8 4.56   27 Zone 27
including 9.6 10.1 0.5 24.9  
OSK-W-17-1025 94.9 96.9 2.0 4.17   TBD Caribou
OSK-W-17-1026 83.6 85.9 2.3 4.93   27 infill Zone 27
including 85.0 85.9 0.9 12.4  
  92.7 95.9 3.2 4.38   27 infill Zone 27
including 94.8 95.9 1.1 11.2  
OSK-W-17-1028 727.5 729.5 2.0 6.77   Caribou Extn Caribou
OSK-W-17-1042 84.0 86.3 2.3 3.53   27 infill Zone 27
OSK-W-17-1050 39.7 41.7 2.0 11.2   Z27 Zone 27
OSK-W-17-1065 31.9 34.2 2.3 3.28   Mallard 2 Mallard
OSK-W-17-1066 214.5 216.5 2.0 4.21   Vein Caribou
OSK-W-17-1095 113.0 116.0 3.0 4.09   27 infill Zone 27
OSK-W-17-1105 468.0 470.0 2.0 3.42   New TBD
including 468.0 469.0 1.0 6.71  
  772.0 774.0 2.0 4.49   27 Zone 27
including 772.3 772.9 0.6 14.5  
OSK-W-17-1125 753.6 759.0 5.4 10.2   FW2 Underdog
including 755.9 757.2 1.3 36.3  
OSK-W-17-1125-W3 516.8 519.0 2.2 26.0   Wolf HW Caribou
including 517.5 518.2 0.7 80.5  
OSK-W-17-1139 520.0 523.4 3.4 4.87   CN1 FW Caribou
including 521.6 521.9 0.3 19.8  
OSK-W-17-1140 937.3 942.0 4.7 3.56   27 Zone 27
OSK-W-17-1141 59.4 61.8 2.4 30.0   27 infill Zone 27
including 59.4 61.0 1.6 44.7  
  71.7 74.0 2.3 8.04   27 infill Zone 27
including 73.4 74.0 0.6 28.0  
OSK-W-17-1142 142.0 144.0 2.0 3.07   27 HW infill Zone 27
OSK-W-17-1147-W1 798.0 800.4 2.4 3.36   TBD Shear 
  909.0 911.0 2.0 3.94   TBD Caribou
OSK-W-17-1152 367.0 369.0 2.0 5.67   FW1 Underdog
including 368.0 368.6 0.6 16.6  
OSK-W-17-1155 327.0 329.7 2.7 3.64   VNCR Mallard
including 329.0 329.7 0.7 12.9  
OSK-W-17-1158 596.0 598.4 2.4 4.12   Caribou Extn Caribou
including 597.0 597.8 0.8 10.6  
OSK-W-17-1168 544.0 546.6 2.6 3.99   VNCR Caribou
including 546.0 546.6 0.6 15.4  
OSK-W-17-1179 742.8 745.5 2.7 4.56   New Underdog
including 742.8 743.7 0.9 11.6  
OSK-W-17-1186 228.0 237.0 9.0 5.38   Caribou Caribou
including 229.1 229.6 0.5 28.4  
including 236.0 237.0 1.0 23.6  
  863.0 866.0 3.0 15.7   FW3U Underdog
including 863.0 864.6 1.6 27.5  
OSK-W-17-1188 147.5 149.9 2.4 3.09   27 Zone 27
including 148.9 149.9 1.0 6.97  
  167.8 169.8 2.0 3.28   27 infill Zone 27
OSK-W-17-1196 155.5 158.0 2.5 3.26   27 infill Zone 27
OSK-W-17-1209 236.4 239.2 2.8 4.68   FW4 Underdog
including 236.4 237.1 0.7 17.2  
OSK-W-17-1212 215.0 217.0 2.0 6.87   Mallard Mallard
including 216.0 217.0 1.0 13.2  
OSK-W-17-1220 197.7 202.0 4.3 4.63   27 infill Zone 27
OSK-W-17-1221 707.4 709.4 2.0 7.28   Caribou 1 Caribou
including 707.4 708.0 0.6 23.7  
  715.8 719.7 3.9 3.45   Caribou 1 Caribou
OSK-W-17-1224 70.3 73.1 2.8 15.7   Mallard 2 Mallard
including 72.7 73.1 0.4 44.2  
OSK-W-17-1226 743.4 746.2 2.8 3.43   Caribou Extn Caribou
including 743.4 744.0 0.6 8.96  
  765.0 767.0 2.0 3.78   Caribou Extn Caribou
including 765.0 765.6 0.6 11.6  
  852.7 855.0 2.3 3.42   CN2 Caribou
OSK-W-17-1227 419.9 422.0 2.1 4.37   Vein Caribou
including 420.4 421.1 0.7 12.9  
  619.0 621.0 2.0 3.62   New TDB
OSK-W-17-1228 50.7 53.0 2.3 7.59   Vein Underdog
OSK-W-17-1232 149.0 151.5 2.5 5.50   27 infill Zone 27
  183.0 186.0 3.0 3.99   27 infill Zone 27
OSK-W-17-1243 99.6 101.6 2.0 5.23   27 infill Zone 27
including 101.0 101.6 0.6 13.6  
OSK-W-17-1246 34.5 39.9 5.4 5.62   27 HW infill Zone 27
OSK-W-17-1252 18.5 21.0 2.5 3.55   Mallard Mallard
including 19.3 20.3 1.0 8.74  
OSK-W-17-1253 43.0 47.3 4.3 4.88   27 Z27
  56.0 59.0 3.0 3.68   27 Z27

Notes:

  1. True widths are estimated at 65 – 80% of the reported core length interval.  See “Quality Control” below.
  2. Definitions: FW = Foot Wall, HW = Hanging Wall, VNCR = Crustiform vein
Hole Number Azimuth (°) Dip (°) Length (m) UTM E UTM N Section
OSK-W-17-885-W2 334 -69 1229 452861 5434494 2850
OSK-W-17-935 327 -51 474 452025 5434827 2275
OSK-W-17-1013 333 -48 24 452246 5434866 2475
OSK-W-17-1025 330 -58 990 452486 5434439 2475
OSK-W-17-1026 129 -45 147 452119 5434787 2325
OSK-W-17-1028 326 -59 807 452860 5434814 3000
OSK-W-17-1042 146 -52 156 452119 5434786 2325
OSK-W-17-1050 148 -49 106 452053 5434749 2250
OSK-W-17-1065 334 -56 330 452290 5434903 2550
OSK-W-17-1066 332 -56 639 452488 5434436 2475
OSK-W-17-1095 147 -50 147 451959 5434734 2175
OSK-W-17-1105 328 -71 834 452920 5434843 3050
OSK-W-17-1125 331 -58 975 452563 5434568 2625
OSK-W-17-1125-W3 331 -58 1086 452563 5434568 2625
OSK-W-17-1139 333 -56 1092 452473 5434470 2500
OSK-W-17-1140 336 -55 975 453006 5434522 2975
OSK-W-17-1141 236 -65 252 452143 5434747 2325
OSK-W-17-1142 324 -45 275 452202 5434628 2325
OSK-W-17-1147-W1 335 -52 1212 453241 5434381 3125
OSK-W-17-1152 330 -53 885 451738 5434293 1750
OSK-W-17-1155 332 -71 477 452451 5435008 2725
OSK-W-17-1158 331 -59 696 453046 5434871 3175
OSK-W-17-1168 329 -57 717 453464 5435090 3650
OSK-W-17-1179 332 -57 777 451560 5434376 1650
OSK-W-17-1186 331 -54 984 452419 5434554 2475
OSK-W-17-1188 318 -57 201 452067 5434618 2200
OSK-W-17-1196 310 -59 210 452066 5434618 2200
OSK-W-17-1209 331 -60 429 451456 5434453 1600
OSK-W-17-1212 330 -62 324 452303 5434914 2550
OSK-W-17-1218 327 -62 405 453004 5435009 3225
OSK-W-17-1220 141 -47 303 452025 5434811 2275
OSK-W-17-1221 335 -51 1079 453082 5434544 3050
OSK-W-17-1224 333 -70 402 452304 5434914 2550
OSK-W-17-1226 331 -51 934 453371 5434726 3400
OSK-W-17-1227 329 -50 1164 453290 5434532 3225
OSK-W-17-1228 328 -59 657 451443 5434484 1600
OSK-W-17-1232 154 -47 351 452025 5434834 2275
OSK-W-17-1243 146 -49 189 452060 5434781 2275
OSK-W-17-1246 324 -50 191 452082 5434636 2225
OSK-W-17-1252 324 -46 231 452132 5434944 2400
OSK-W-17-1253 337 -52 186 452081 5434634 2225

 

OSK-W-17-885-W2 intersected FW0 FW within the Underdog Corridor returning 10.8 g/t Au over 2.0 metres. The interval is composed of trace pyrite stringers and 10% centimetre scale quartz veins hosted in a chloritized felsic intrusive dike.

OSK-W-17-935 intersected 3.34 g/t Au over 2.8 metres related to Mallard HW, within the Mallard Corridor. Mineralization is composed of trace disseminated pyrite and stringers hosted in a silicified and sericitized rhyolite.

OSK-W-17-1013 infilled Zone 27 with 4.56 g/t Au over 2.8 metres. Mineralization is composed of up to 6% pyrite stringers and 16% semi-massive pyrite with tourmaline in pervasive silica flooding zone hosted is a sericitized rhyolite.

OSK-W-17-1025 intersected 4.17 g/t Au over 2.0 metres. The interval is composed of trace pyrite dissemination and clusters in a silicified gabbro. This intersection does not correlate to a known zone.

OSK-W-17-1026 intersected Zone 27 returning 4.93 g/t Au over 2.3 metres and 4.38 g/t Au over 3.2 metres. Mineralization is composed of trace clustered and disseminated pyrite in a silicified and sericitized felsic intrusive.

 OSK-W-17-1028 intersected 6.77 g/t Au over 2.0 metres. Mineralization consists of traces of disseminated pyrite and chalcopyrite in a chloritized andesite with 10% quartz-carbonate veins. This intersection does not correlate to a known zone.

OSK-W-17-1042 intersected 3.53 g/t Au over 2.3 metres in Zone 27. Mineralization is composed of 2% pyrite stringers, 1% disseminated pyrite, and a decimetre scale quartz vein within a sericitized, chloritized and slightly silicified felsic dyke.  

OSK-W-17-1050 infilled Zone 27 with 11.2 g/t Au over 2.0 metres. Mineralization consists of trace disseminated and stringer pyrite in a sericitized rhyolite.

OSK-W-17-1065 intersected 3.28 g/t Au over 2.3 metres related to Mallard 2. The interval occurs in a faulted zone with silica and sericite alteration and traces of pyrite-tourmaline stringer, trace disseminated pyrite and 13% tourmaline-quartz centimetre scale veins.

OSK-W-17-1066 intersected 4.21 g/t Au over 2.0 metres within the Caribou Corridor. Mineralization is composed of 3% disseminated pyrite and 1% quartz vein with pyrite hosted in a chloritized and slightly sericitized andesite.

OSK-W-17-1095 intersected 4.09 g/t Au over 3.0 metres related to Zone 27. Mineralization is composed of 2% – 3% tourmaline-pyrite veins hosted in a partially bleached, slightly sericitized and silicified andesite.

OSK-W-17-1105 intersected two intervals: 3.42 g/t Au over 2.0 metres and 4.49 g/t Au over 2.0 metres. The first interval is a new zone within an area between Caribou and the Lynx zones, geometry is to be determined. Mineralization is composed of 2% pyrite stringers in strongly chloritized and sericitized andesite. The second interval is related to Zone 27. Mineralization is composed of 1% pyrite stringers and 3% pyrite in association with crustiform veins, hosted in a felsic porphyry dike with sericite, silica and carbonate alteration.

OSK-W-17-1125 intersected 10.2 g/t Au over 5.4 metres related to FW2 in the Underdog Corridor. Mineralization is composed of 10% pyrite stringers hosted in a bleached andesite with one centimetre scale tourmaline-pyrite veinlets.

OSK-W-17-1125-W3 intersected 26.0 g/t Au over 2.2 metres related to Wolf HW in the Caribou Corridor. Mineralization is composed of 10% pyrite stringers hosted in a sericitized, chloritized and slightly silicified andesite.

OSK-W-17-1139 intersected 4.87 g/t Au over 3.4 metres related to CN1 FW in the Caribou Corridor. The interval consists of 2% pyrite stringers, 10% centimeter scale quartz veins in an andesite with strong chlorite and carbonate alteration and slight sericitization.

OSK-W-17-1140 intersected 3.56 g/t Au over 4.7 metres related to Zone 27. Mineralization is composed up 10% pyrite stringers in a sericitized felsic porphyric dike.

OSK-W-17-1141 infilled Zone 27 intersecting 30.0 g/t Au over 2.4 metres and 8.04 g/t Au over 2.3 metres. Mineralization includes up to 8% pyrite, 5% tourmaline-pyrite stringers and 3% pyrite clusters hosted in a sericitized rhyolite with intense pervasive silica flooding.

OSK-W-17-1142 intersected 3.07 g/t Au over 2.0 metres related to Zone 27 HW. Mineralization is composed of 14% pyrite stringers over 10 centimetres with pervasive silica flooding hosted in a rhyolite.

OSK-W-17-1147-W1 intersected 3.36 g/t Au over 2.4 metres and 3.94 g/t Au over 2.0 metres. The first interval is composed of 1% disseminated pyrite, trace pyrite clusters in a sericitized and lightly silicified rhyolite. This intersection is not related to any known zone. The second interval is composed of 3% pyrite stringers and semi massive sulfides over 60 cm hosted in a felsic dike with pervasive silica flooding, within the Caribou Corridor.

OSK-W-17-1152 intersected 5.67g/t Au over 2.0 metres related to FW1 in Underdog Corridor. Mineralization is composed of up 20% pyrite stringers, and 2% disseminated sphalerite in a sericitized and strongly silicified andesite.

OSK-W-17-1155 intersected 3.64 g/t au over 2.7 metres related to the Mallard Corridor. Mineralization is composed of traces of pyrite and chalcopyrite in a crustiform vein hosted in an andesite with chlorite, sericite and carbonates alteration.

OSK-W-17-1158 intersected 4.12 g/t Au over 2.4 metres related to Zone 27. The interval is composed of 10% pyrite stringers and traces of tourmaline-pyrite veins and a centime scale quartz-tourmaline vein hosted in a sericitized and bleached andesite.

OSK-W-17-1168 intersected 3.99 g/t Au over 2.6 metres in the Caribou Corridor. Mineralization is related to a crustiform vein with 1% pyrite stringers in a silicified gabbro with fuchsite.

OSK-W-17-1179 intersected 4.56 g/t Au over 2.7 metres related to the Underdog Corridor. Mineralization is composed of 5% pyrite with pervasive silica flooding in a sericitized felsic porphyric dike. It is a new zone located in western part of Underdog Corridor.

OSK-W-17-1186 intersected 5.38 g/t Au over 9.0 metres related to Caribou and 15.7 g/t Au over 3.0 metres related to FW3U in the Underdog Corridor. The first interval is composed of 10% pyrite stringers in an altered felsic porphyry dike with intense pervasive silica flooding. The second interval is composed of 5% pyrite in pervasive silica flooding, 4% pyrite cluster and stringer, and 2% pyrite in carbonates veining hosted in a felsic porphyric dike.

OSK-W-17-1188 intersected 3.09 g/t Au over 2.4 metres and 3.28 g/t Au over 2.0 metres in the Zone 27 Corridor. The first interval is composed of traces of pyrite-tourmaline stringers in a sericitized felsic porphyric dike. The second interval, Zone 27 infill, is composed of up to 5% tourmaline stringers and traces of disseminated pyrite in a pervasive silica flooding zone hosted in a sericitized rhyolite and felsic porphyric dike.

OSK-W-17-1196 infilled Zone 27 intersecting 3.26 g/t Au over 2.5 metres. The interval is at the sericitized contact between gabbro and rhyolite injected by low core angle crustiform veins. Mineralization is composed of 10% pyrite stringers, 4% disseminated pyrite or in clusters, and minor quartz veining.

OSK-W-17-1209 intersected 4.68 g/t Au over 2.8 metres related to FW4 in the Underdog Corridor. Mineralization is composed of massive pyrite (up 80%) over 70 cm in an altered zone with intense pervasive flooding hosted in a sericitized felsic porphyric dike.

OSK-W-17-1212 intersected Mallard returning 6.87 g/t au over 2.0 metres. Mineralization consists of 3% pyrite-tourmaline stringers, 1% pyrite stringers and 1% pyrite clusters in a strongly sericitized andesite.

OSK-W-17-1220 infilled Zone 27 intersecting 4.63 g/t Au over 4.3 metres. Mineralization is composed of 3% disseminated pyrite, 2% pyrite stringers, in a sericitized and bleached felsic porphyric dike.

OSK-W-17-1221 intersected 7.28 g/t Au over 2.0 metres and 3.45 g/t au over 3.9 metres related to Caribou 1. Mineralization is composed of up 10% pyrite stringers (fracture controlled) and clusters in a sericitized, chloritized and slightly silicified andesite.

OSK-W-17-1224 intersected 15.7 g/t Au over 2.8 metres related to Mallard 2. Mineralization is in a sericitized and silicified felsic porphyric dike at contact with andesite, including a ptygmatic tourmaline-quartz vein with 5% pyrite over 0.4 metre and semi-massive pyrite (40%) over 1.8 metres related to a pervasive silica flooding zone.

OSK-W-17-1226 intersected three intervals within Caribou Corridor; 3.43 g/t Au over 2.8 metres, 3.78 g/t Au over 2.0 metres and 3.42 g/t au over 2.3 metres. The first interval is a new zone at a sericitized and silicified contact between rhyolite and felsic intrusive composed of 35% pyrite-tourmaline stringers and 1% sphalerite-pyrite stringers. The second and third intervals correspond with up to 3% disseminated pyrite and pyrite stringers in a sericitized and chloritized andesite.

OSK-W-17-1227 intersected 4.37 g/t Au over 2.1 metres and 3.62 g/t Au over 2.0 metres. The first interval corresponds with 1% pyrite stringers and 4% pyrite-quartz-carbonate veins in a sheared and sericitized andesite. The second interval, can be related to the Main zone north-east extension (or south-west extension of Lynx), geometry remains to be determined. Mineralization is composed of 6% pyrite, traces of chalcopyrite and sphalerite in association with silica flooding and quartz-tourmaline veins hosted in a small quartz porphyry dike.

OSK-W-17-1228 intersected 7.59 g/t Au over 2.3 metres in the Underdog Corridor. Mineralization is composed of 2% pyrite in quartz-carbonates veins, trace pyrite stingers and metre scale quartz-carbonate veins hosted in a sericitized and strongly silicified rhyolite.

OSK-W-17-1232 infilled Zone 27 intersecting 5.50 g/t Au over 2.5 metres and 3.99 g/t Au over 3.0 metres. Mineralization is composed of up to 2% disseminated pyrite, 5% pyrite stringers and 2% tourmaline-pyrite veins in a strongly sericitized and bleached andesite. The second interval corresponds with 7% pyrite stringers in a sericitized felsic porphyric dike.

OSK-W-17-1243 infilled Zone 27 returning 5.23 g/t Au over 2.0 metres. Mineralization is composed of up to 7% pyrite stringers in a strongly sericitized to lightly silicified felsic porphyric dike.

OSK-W-17-1246 intersected Z27 HW with 5.62 g/t Au over 5.4 metres. Mineralization is composed of 3% irregular pyrite stringers, 2% disseminated pyrite in a strongly sericitized and chloritized felsic porphyry dike.

OSK-W-17-1252 intersected 3.55 g/t Au over 2.5 metres related to Mallard. Mineralization is composed of 25% pyrite stringers with locally clustered pyrite in a pervasive silica flooding zone hosted in a sericitized and silicified rhyolite.

OSK-W-17-1253 infilled Zone 27 with 4.88 g/t Au over 4.3 metres and 3.68 g/t au over 3.0 metres. Mineralization consists in up to 4% pyrite stringers and 5% pyrite clusters in a sericitized felsic dike.

Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of the Windfall Lake gold project, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Quality Control and Reporting Protocols
True widths determinations are estimated at 65-80% of the reported core length intervals for most of the zones. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at ALS Laboratories in Val dOr, Québec, Thunder Bay and Sudbury, Ontario or Vancouver, British Colombia or Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using an Aqua Regia-ICP-AES method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.

About the Windfall Lake Gold Deposit
The Windfall Lake gold deposit is located between Val-dOr and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by the previous operator comprises 2,762,000 tonnes at 8.42 g/t Au (748.000 ounces) in the indicated category and 3,512,000 tonnes at 7.62 g/t Au (860,000 ounces) in the inferred category (sourced from a technical report dated June 10, 2015 entitled “Preliminary Economic Assessment of the Windfall Lake Gold Property, Québec, Canada” with an effective date of April 28, 2015, prepared in accordance with NI 43-101). The Windfall Lake gold deposit is currently one of the highest grade resource-stage gold projects in Canada. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1.400 metres long. The deposit is well defined from surface to a depth of 500 metres, and remains open along strike and at depth. Mineralization has been identified only 30 metres from surface in some areas and as deep as 870 metres in others, with significant potential to extend mineralization up and down-plunge and at depth.

About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% in the high-grade Windfall Lake gold deposit located between Val-dOr and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area (over 3,300 square kilometres), a 100% interest in the Marban project located in the heart of Québecs prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. The Corporation also holds interests and options in a number of additional properties in northern Quebec and Ontario.  Osisko continues to be well financed with approximately $220 million in cash and investments.

Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Windfall Lake gold deposit being one of the highest grade resource-stage gold projects in Canada; the current 800,000 metre drill program; the significance of new results from the ongoing drill program at the Windfall Lake gold project; the significance of assay results presented in this press release; the type of drilling included in the drill program (definition drilling, expansion drilling to the NE of the main deposit and adjacent Lynx deposit, and exploration drilling on the greater deposit and Urban-Barry project area); potential mineralization; the potential to extend mineralization up and down-plunge and at depth at the Windfall Lake gold deposit; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities, including the continuity or extension of any mineralization; and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “managements view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation at the time it was made. This involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in managements geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests in the Windfall Lake gold project; the ability of the Corporation to obtain required approvals and complete transactions on terms announced; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions. Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information, Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

For further information please contact:
John Burzynski. President and Chief Executive Officer
Telephone: (416) 363-8653

Osisko Intersects 479 g/t Au Over 2.0 Metres At Lynx

(Toronto, November 28, 2017)  Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.  The 800,000 metre drill program combines definition, expansion and exploration drilling in and around the main Windfall gold deposit and the adjacent Lynx deposit (located immediately NE of Windfall).  Significant new analytical results from 27 intercepts in 18 drill holes focused on infill and expansion drilling in the Lynx deposit are presented below.

Highlights from the new results include: 479 g/t Au over 2.0 metres in OSK-W-17-1169, and 27.4 g/t Au over 2.2 metres in OSK-W-17-1128.  Maps showing hole locations and full analytical results are available at www.osiskomining.com.

Hole No. From (m) To (m) Interval (m) Au (g/t) uncut Au (g/t)
cut to
100 g/t
Zone Corridor
OSK-W-17-1030 144.4 146.7 2.3 9.25   Lynx 1 Lynx
including 145.1 145.7 0.6 34.4  
OSK-W-17-1047 84.0 86.6 2.6 3.95   VNCR Lynx
OSK-W-17-1064 234.0 237.0 3.0 4.42   Lynx HW Lynx
including 235.5 237.0 1.5 8.41  
OSK-W-17-1072-W1 693.0 695.0 2.0 4.50   Lynx HW Lynx
including 694.0 695.0 1.0 8.76  
  818.0 820.0 2.0 3.79   Lynx 4 Lynx
including 819.0 819.3 0.3 23.0  
  825.0 827.0 2.0 9.52   Lynx 4 Lynx
including 825.0 826.0 1.0 19.0  
  911.0 914.0 3.0 6.09   Lynx 4 Lynx
including 911.0 912.0 1.0 17.5  
OSK-W-17-1096 58.8 61.1 2.3 3.48   Vein Lynx
OSK-W-17-1098 326.2 328.8 2.6 8.51   Lynx 2 Lynx
including 327.9 328.8 0.9 18.1  
OSK-W-17-1102 174.0 176.0 2.0 3.58   Lynx 1 Lynx
including 175.7 176.0 0.3 16.2  
OSK-W-17-1104 883.0 885.0 2.0 3.61   Lynx 4 Lynx
including 884.3 884.7 0.4 17.0  
OSK-W-17-1108 60.0 62.0 2.0 4.55   Lynx 1 Lynx
OSK-W-17-1111 204.0 206.0 2.0 11.0   Lynx 1 + Lynx 2 Lynx
including 204.0 205.0 1.0 21.7  
  259.0 261.0 2.0 4.18   Vein Lynx
OSK-W-17-1112 503.0 505.0 2.0 4.09   Lynx 1 Lynx
OSK-W-17-1113 389.6 395.0 5.4 4.66   Lynx 2 Lynx
including 389.6 389.9 0.3 20.1  
  418.4 420.7 2.3 3.11   Lynx 1 Lynx
including 419.5 419.8 0.3 22.9  
OSK-W-17-1120 210.0 212.0 2.0 4.93   Lynx 2 Lynx
including 210.0 211.0 1.0 9.12  
  329.0 331.2 2.2 3.24   Lynx HW Lynx
  334.0 336.7 2.7 5.68   Lynx HW Lynx
OSK-W-17-1128 916.4 918.6 2.2 27.4   Lynx 4 Lynx
  1181.0 1183.0 2.0 9.71   Lynx 6 Lynx
OSK-W-17-1132 501.0 503.0 2.0 8.28   VNCR Lynx
OSK-W-17-1149 346.8 349.0 2.2 11.0   Lynx HW Lynx
OSK-W-17-1153 149.0 151.1 2.1 10.4   Lynx 1 Lynx
including 150.3 151.1 0.8 25.6  
OSK-W-17-1169 761.0 763.0 2.0 479 30.3 Lynx Corridor Lynx
including 761.9 762.5 0.6 1595 100
  874.0 876.0 2.0 5.13   QTV Lynx
including 874.4 875.0 0.6 17.0  

Notes:

  1. True widths are estimated at 65 – 80% of the reported core length interval.  See “Quality Control” below.
  2. Definitions: HW = Hanging Wall, QTV = Quartz-Tourmaline Vein, VNCR = Crustiform Vein
Hole Number Azimuth (°) Dip (°) Length
(m)
UTM E UTM N Section
OSK-W-17-1030 332 -56 300 453346 5434982 3500
OSK-W-17-1047 333 -62 186 452937 5434890 3100
OSK-W-17-1064 330 -74 441 453460 5435020 3625
OSK-W-17-1072-W1 144 -57 948 453612 5435535 4000
OSK-W-17-1096 320 -46 120 453206 5434962 3375
OSK-W-17-1098 129 -48 425 453253 5435282 3575
OSK-W-17-1102 330 -50 345 453275 5434899 3400
OSK-W-17-1104 142 -50 1059 453383 5435455 3775
OSK-W-17-1108 330 -46 102 453133 5434954 3300
OSK-W-17-1111 335 -50 307 453275 5434899 3400
OSK-W-17-1112 136 -54 636 453437 5435481 3825
OSK-W-17-1113 138 -50 480 453280 5435347 3625
OSK-W-17-1120 154 -54 453 453457 5435338 3775
OSK-W-17-1128 129 -53 1419 453272 5435392 3625
OSK-W-17-1132 129 -49 600 453202 5435434 3600
OSK-W-17-1149 140 -47 489 453485 5435424 3825
OSK-W-17-1153 341 -45 615 453375 5434985 3525
OSK-W-17-1169 129 -55 1437 453330 5435468 3725

 

OSK-W-17-1030 intersected 9.25 g/t Au over 2.3 metres in Lynx 1. Mineralization consists of trace pyrite with local 5% pyrite in association with pervasive silica flooding hosted in a sericitized rhyolite.

OSK-W-17-1047 intersected 3.95 g/t Au over 2.6 metres related to Lynx 1 Corridor. Mineralization is composed of 7% disseminated to locally semi-massive pyrite and 2% stringers in a pseudo-crustiform vein hosted in gabbro.

OSK-W-17-1064 intersected Lynx HW returning 4.42 g/t Au over 3.0 metres. Mineralization is composed of trace disseminated pyrite in a chloritized, fuchsitized and slightly sericitized gabbro.

OSK-W-17-1072-W1 returned four intervals in Lynx Corridor: 4.50 g/t Au over 2.0 metres related to Lynx HW, 3.79 g/t Au over 2.0 metres, 9.52 g/t Au over 2.0 metres and 6.09 g/t Au over 3.0 metres all related to Lynx 4. The first interval is composed 10% pyrite with 5% ptygmatic tourmaline veinlets hosted in a silicified and sericitized gabbro. Mineralization from the Lynx 4 intervals is composed up to 5% pyrite in patches and stringers hosted in sericitized rhyolite with pervasive silica flooding.

OSK-W-17-1096 intersected 3.48 g/t Au over 2.3 metres. Mineralization is composed of 30% quartz veins with 2% pyrite hosted in a silicified and chloritized rhyolite.

OSK-W-17-1098 intersected 8.51 g/t Au over 2.6 meters related to Lynx 2. Mineralization includes up to 2% pyrite stringers and trace pyrite fragments in a sericitized and silicified fragmental felsic intrusive.

OSK-W-17-1102 intersected 3.58 g/t Au over 2.0 metres related to Lynx 1. Mineralization is composed of 5% pyrite stringer within a smoky quartz vein hosted in a sericitized and silicified rhyolite.

OSK-W-17-1104 intersected 3.61 g/t Au over 2.0 metres in Lynx 4. Mineralization is composed of 10% disseminated pyrite and 3% pyrite stringers hosted in a sericitized and silicified rhyolite with local breccia with carbonate matrix.

OSK-W-17-1108 intersected 4.55 g/t Au over 2.0 metres. The interval is related to Lynx 1 and consists of 5% pyrite-tourmaline stringers and 5% pyrite with pervasive silica flooding hosted in a fragmental felsic intrusive.

OSK-W-17-1111 intersected two intervals: 11.0 g/t Au over 2.0 metres and 4.18 g/t Au over 2.0 metres. The first interval is related to Lynx 1 and 2 and consists of trace pyrite in a strongly sericitized rhyolite. The second interval is composed of 10% centimetre-scale quartz veins with trace pyrite hosted in a sericitized rhyolite.

OSK-W-17-1112 intersected Lynx 1 returning 4.09 g/t Au over 2.0 metres. Mineralization is composed of 2% cluster and fragment pyrite and trace pyrite stringer in a sericitized fragmental felsic dike.

OSK-W-17-1113 intersected 4.66 g/t Au over 5.4 metres related to Lynx 2 and 3.11 g/t Au over 2.3 metres related to Lynx. The first interval is composed of 5% pyrite clusters and stringers within a pervasive silica flooding zone and trace pyrite-tourmaline vein at the contact between rhyolite and gabbro. The second interval from Lynx 1 corresponds with quartz veining and tourmaline veins creating a breccia texture with trace pyrite and chalcopyrite in a silicified gabbro.

OSK-W-17-1120 intersected Lynx 2 returning 4.93 g/t Au over 2.0 metres and Lynx HW with 3.24 g/t Au over 2.2 metres and 5.68 g/t Au over 2.7 metres. The first interval is composed of pyrite clusters and stringers and a quartz veining hosted in a slightly sericitized and silicified rhyolite. Mineralization in Lynx HW is up to 5% disseminated or clustered pyrite with pervasive silica flooding in a rhyolite.

OSK-W-17-1128 intersected 27.4 g/t Au over 2.2 metres related to Lynx 4 and 9.71 g/t Au over 2.0 metres related to Lynx 6. The mineralization from the first interval is composed of 5% pyrite stringers, 2% pyrite in tourmaline ptygmatic veins and a quartz-carbonate-chlorite vein hosted in a partially bleached andesite. The second interval consist of 1% pyrite stringers in a silicified and sericitized andesite.

OSK-W-17-1132 intersected 8.28 g/t Au over 2.0 metres within Lynx 3 Corridor. Mineralization consists of 3% pyrite both disseminated and as stringers within a low core angle crustiform veins hosted in a strongly fuschitized gabbro.

OSK-W-17-1149 intersected Lynx HW returning 11.0 g/t Au over 2.2 metres. Mineralization is composed of 15% pyrite-tourmaline stringers and quartz-carbonate veins and clusters in a strongly fuchsitized and silicified gabbro.

OSK-W-17-1153 intersected 10.4 g/t Au over 2.1 metres related to Lynx 1. Mineralization is composed of 5% disseminated pyrite and pyrite stringers in a pervasive silica flooding zone with sericite and fuchsite at contact between rhyolite and gabbro.

OSK-W-17-1169 intersected 479 g/t Au over 2.0 metres and 5.13 g/t Au over 2.0 metres related to the Lynx Corridor. The first interval is composed of local visible gold in centimeter scale smoky quartz with ptygmatic tourmaline veinlets and 7% pyrite stringers hosted in a bleached and fuchsitized gabbro at contact with felsic porphyry intrusive. The second interval consists in 2% pyrite within quartz tourmaline veins and disseminated pyrite in a chloritized and slightly sericitized gabbro.

Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of the Windfall Lake gold project, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Quality Control and Reporting Protocols
True widths determinations are estimated at 65-80% of the reported core length intervals for most of the zones. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at ALS Laboratories in Val dOr, Québec, Thunder Bay and Sudbury, Ontario or Vancouver, British Colombia or Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using an Aqua Regia-ICP-AES method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.

About the Windfall Lake Gold Deposit
The Windfall Lake gold deposit is located between Val-dOr and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by the previous operator comprises 2,762,000 tonnes at 8.42 g/t Au (748.000 ounces) in the indicated category and 3,512,000 tonnes at 7.62 g/t Au (860,000 ounces) in the inferred category (sourced from a technical report dated June 10, 2015 entitled “Preliminary Economic Assessment of the Windfall Lake Gold Property, Québec, Canada” with an effective date of April 28, 2015, prepared in accordance with NI 43-101). The Windfall Lake gold deposit is currently one of the highest grade resource-stage gold projects in Canada. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1.400 metres long. The deposit is well defined from surface to a depth of 500 metres, and remains open along strike and at depth. Mineralization has been identified only 30 metres from surface in some areas and as deep as 870 metres in others, with significant potential to extend mineralization up and down-plunge and at depth.

About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% in the high-grade Windfall Lake gold deposit located between Val-dOr and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area (over 3,300 square kilometres), a 100% interest in the Marban project located in the heart of Québecs prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. The Corporation also holds interests and options in a number of additional properties in northern Quebec and Ontario.  Osisko continues to be well financed with approximately $220 million in cash and investments.

Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Windfall Lake gold deposit being one of the highest grade resource-stage gold projects in Canada; the current 800,000 metre drill program; the significance of new results from the ongoing drill program at the Windfall Lake gold project; the significance of assay results presented in this press release; the type of drilling included in the drill program (definition drilling, expansion drilling to the NE of the main deposit and adjacent Lynx deposit, and exploration drilling on the greater deposit and Urban-Barry project area); potential mineralization; the potential to extend mineralization up and down-plunge and at depth at the Windfall Lake gold deposit; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities, including the continuity or extension of any mineralization; and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “managements view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation. at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in managements geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests in the Windfall Lake gold project; the ability of the Corporation to obtain required approvals and complete transactions on terms announced; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions. Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information, Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

For further information please contact:
John Burzynski. President and Chief Executive Officer
Telephone: (416) 363-8653

Osisko Intersects 301 g/t Au Over 6.2 Metres At Lynx

Lynx Corridor Confirmed 120 Metres to NE
Lynx 4 Zone Extended 300 Metres – Lynx 5 Zone Extended 120 Metres

(Toronto, November 14, 2017)  Osisko Mining Inc. (OSK:TSX “Osisko” or the “Corporation”) is pleased to provide new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in Urban Township, Abitibi, Québec.  The 800,000 metre drill program combines definition, expansion and exploration drilling in and around the main Windfall gold deposit and the adjacent Lynx deposit (located immediately NE of Windfall).  Significant new analytical results from 44 intercepts in 30 drill holes focused on infill and expansion drilling in the Lynx deposit are presented below.

Highlights from the new results include: 301 g/t Au over 6.2 metres, in OSK-W-17-909; 79.4 g/t Au over 2.6 metres in OSK-W-17-928; and 19.0 g/t Au over 6.8 metres in OSK-W-17-1111. Maps showing hole locations and full analytical results are available at www.osiskomining.com.

Hole No. From
(m)
To
(m)
Interval
(m)
Au (g/t)
uncut
Au (g/t)
cut to
100 g/t
Zone Corridor
OSK-W-17-895 179.1 181.3 2.2 24.3   Lynx 1 Lynx
Including 179.1 180.0 0.9 54.0  
  209.0 211.0 2.0 17.5   Lynx 2 Lynx
Including 209.0 210.0 1.0 34.4  
OSK-W-17-902 233.5 236.0 2.5 3.95   Lynx HW Lynx
  281.1 283.1 2.0 4.56   Lynx 1 Lynx
Including 281.1 282.1 1.0 9.07  
OSK-W-17-909 912.0 918.2 6.2 301 53.7 Lynx 1 Lynx
Including 913.6 914.9 1.3 1230 100
  922.0 928.0 6.0 10.7   Lynx 1 Lynx
  933.0 935.0 2.0 4.97   Lynx 1 Lynx
OSK-W-17-928 341.7 344.3 2.6 79.4 14.2 Lynx 1 Lynx
Including 341.7 342.0 0.3 665 100
OSK-W-17-941 188.3 190.5 2.2 13.4   Lynx HW Lynx
Including 189.3 189.6 0.3 85.1  
  197.7 200.0 2.3 5.77   Lynx 1 Lynx
Including 198.7 199.0 0.3 39.1  
OSK-W-17-948 475.0 477.0 2.0 4.39   Lynx 1 Lynx
Including 475.0 475.5 0.5 17.3  
  593.6 596.0 2.4 4.62   Lynx HW Lynx
OSK-W-17-949 403.5 406.5 3.0 3.97   Vein Lynx
OSK-W-17-950 1131.0 1133.0 2.0 4.49   VNCR Lynx
Including 1132.0 1132.4 0.4 21.7  
  1211.3 1215.5 4.2 6.52   Lynx 4 Lynx
OSK-W-17-958 1076.0 1078.0 2.0 9.51   Lynx 4 Lynx
Including 1077.0 1078.0 1.0 18.9  
OSK-W-17-967 259.0 261.0 2.0 10.9   VNCR Lynx
Including 259.0 260.0 1.0 21.4  
OSK-W-17-970 524.0 526.0 2.0 7.51   Lynx HW Lynx
Including 524.9 525.5 0.6 15.0  
OSK-W-17-972 224.5 226.5 2.0 5.23   QTV Lynx
Including 224.5 225.0 0.5 20.5  
OSK-W-17-981 828.9 831.0 2.1 6.21   Lynx HW Lynx
Including 830.0 831.0 1.0 12.5  
  890.0 892.0 2.0 5.23   Lynx 4 Lynx
Including 890.5 890.9 0.4 24.5  
OSK-W-17-986 263.0 265.0 2.0 6.74   Lynx 2 Lynx
Including 263.0 264.0 1.0 13.1  
OSK-W-17-987 132.7 135.0 2.3 4.97   Lynx HW Lynx
Including 134.0 135.0 1.0 11.4  
OSK-W-17-991 1149.0 1151.0 2.0 5.11   Lynx 1 Lynx
OSK-W-17-1007 238.6 240.6 2.0 6.54   Lynx 1 Lynx
Including 238.6 240.0 1.4 9.31  
  340.0 342.2 2.2 10.5   VNCR Lynx
OSK-W-17-1058 190.0 193.1 3.1 8.50   Lynx 2 Lynx
Including 190.0 190.3 0.3 15.4  
Including 192.8 193.1 0.3 64.5  
OSK-W-17-1064 326.0 328.0 2.0 8.92   Lynx 1 Lynx
OSK-W-17-1072 884.0 886.3 2.3 3.73   Lynx 4 Lynx
OSK-W-17-1072-W3 1095.0 1097.0 2.0 11.3   Lynx 4 Lynx
Including 1095.0 1096.0 1.0 20.6  
OSK-W-17-1073 409.0 411.0 2.0 8.65   Lynx 4 Lynx
  470.5 473.0 2.5 3.61   Vein Lynx
Including 470.5 471.2 0.7 12.7  
OSK-W-17-1085 254.8 257.0 2.2 4.83   Lynx 1 Lynx
  272.0 276.0 4.0 4.45   Lynx 2 Lynx
OSK-W-17-1098 249.9 252.3 2.4 13.7   Lynx 3 Lynx
Including 250.6 251.4 0.8 34.7  
OSK-W-17-1104 578.2 581.0 2.8 6.79   Lynx HW Lynx
Including 578.2 578.6 0.4 46.4  
  978.0 980.0 2.0 10.3   Lynx 5 Lynx
Including 978.6 979.3 0.7 29.3  
OSK-W-17-1111 278.7 285.5 6.8 19.0   Lynx 2 Lynx
Including 281.0 284.5 3.5 32.6  
OSK-W-17-1128 486.9 489.0 2.1 36.1 28.6 Lynx 2 Lynx
Including 487.6 488.0 0.4 139 100
OSK-W-17-1136 56.0 58.0 2.0 5.40   Lynx 2 Lynx
Including 56.6 57.0 0.4 26.2  
OSK-W-17-1143 67.5 69.6 2.1 27.9   Lynx 2 Lynx
Including 67.5 68.2 0.7 83.3  
  73.0 75.0 2.0 10.6   Lynx 2 Lynx
OSK-W-17-1190 762.3 764.4 2.1 6.03   Lynx 5 Lynx
  798.0 804.0 6.0 4.09   Lynx 5 Lynx

Notes:

  1. True widths are estimated at 65 – 80% of the reported core length interval.  See “Quality Control” below.
  2. Definitions: HW = Hanging Wall; VNCR = crustiform vein; QTV = Quartz-Tourmaline vein.
Hole Number Azimuth (°) Dip (°) Length
(m)
UTM E UTM N Section
OSK-W-17-895 332 -50 444 453349 5434937 3475
OSK-W-17-902 331 -50 468 453390 5434852 3475
OSK-W-17-909 131 -55 1119 453683 5435677 4125
OSK-W-17-928 333 -64 465 453433 5434905 3550
OSK-W-17-941 330 -49 444 453434 5434969 3575
OSK-W-17-948 144 -52 633 453406 5435465 3800
OSK-W-17-949 333 -55 423 453434 5434969 3575
OSK-W-17-950 131 -59 1269 453676 5435684 4125
OSK-W-17-958 143 -55 1212 453359 5435439 3725
OSK-W-17-967 337 -62 333 453176 5434908 3300
OSK-W-17-970 143 -51 714 453406 5435465 3800
OSK-W-17-972 333 -60 291 453176 5434910 3325
OSK-W-17-981 133 -62 1110 453606 5435603 4025
OSK-W-17-986 328 -66 360 453447 5435019 3600
OSK-W-17-987 339 -60 327 453224 5434909 3350
OSK-W-17-991 128 -58 1378 453980 5435994 4550
OSK-W-17-1007 334 -68 378 453477 5435045 3650
OSK-W-17-1058 332 -50 318 453201 5434911 3350
OSK-W-17-1064 330 -74 441 453460 5435020 3625
OSK-W-17-1072 144 -57 1086 453612 5435535 4000
OSK-W-17-1072-W3 144 -57 1110 453612 5435535 4000
OSK-W-17-1073 144 -51 603 452755 5434982 3000
OSK-W-17-1085 339 -68 447 453460 5435020 3625
OSK-W-17-1098 129 -48 425 453253 5435282 3575
OSK-W-17-1104 142 -50 1059 453383 5435455 3775
OSK-W-17-1111 335 -50 307 453275 5434899 3400
OSK-W-17-1128 129 -53 1419 453272 5435392 3625
OSK-W-17-1136 331 -45 156 453105 5434948 3275
OSK-W-17-1143 331 -46 159 453250 5435004 3425
OSK-W-17-1190 151 -49 1179 452905 5435152 3200

 

OSK-W-17-895 intersected 24.3 g/t Au over 2.2 metres in Lynx 1 and 17.5 g/t Au over 2.0 metres in Lynx 2. Mineralization consists of up to 15% disseminated pyrite, pyrite stringers and local visible gold in quartz veins and strongly silica altered felsic intrusions with porphyritic and fragmental textures.

OSK-W-17-902 intersected two intervals: 3.95 g/t Au over 2.5 metres and 4.56 g/t Au over 2.0 metres. Mineralization is composed of up to 5% disseminated pyrite and local pyrite stringers associated with quartz veins in the Lynx hanging wall and Lynx 1.

OSK-W-17-909 returned three proximal intervals in Lynx 1: 301 g/t Au over 6.2 metres, 10.7 g/t Au over 6.0 metres and 4.97 g/t Au over 2.0 metres. Mineralization is composed of up to 15% pyrite stringers, up to 5% pyrite clusters, 1% galena and local visible gold. The intervals are at the contact between a gabbro and rhyolite and characterized by strong silica, sericite and fuchsite alteration, in an area known as the “Northern Lights”.

OSK-W-17-928 returned 79.4 g/t Au over 2.6 meters in Lynx 1. Local visible gold occurs at the contact between a felsic porphyritic dike and a gabbro. Mineralization includes 4% pyrite stringers and 10% quartz-tourmaline veins within moderate silica alteration.

OSK-W-17-941 intersected two intervals: 13.4 g/t Au over 2.2 metres and 5.77 g/t Au over 2.3 metres. The first interval, related to the Lynx hanging wall, consists of sericitized and strongly silicified rhyolite with traces of pyrite stringer and ptygmatic tourmaline veins. The mineralization in the second interval, related to Lynx 1, is similar but at the contact with a gabbro.

OSK-W-17-948 intersected 4.39 g/t Au over 2.0 metres and 4.62 g/t Au over 2.4 metres. The first interval, related to Lynx 1, consists of 1% pyrite stringers, 2% pyrite-quartz veins within a silicified and sericitized fragmental felsic dike. The second interval is related to Lynx hanging wall. Mineralization is at the silicified, sericitized and chloritized contact between a rhyolite and a gabbro, and includes 3% pyrite stringers and 1% pyrite-tourmaline-quartz veins.

OSK-W-17-949 intersected a quartz-carbonate vein within the Lynx corridor returning 3.97 g/t Au over 3.0 metres. Mineralization is composed of traces of disseminated pyrite.

OSK-W-17-950 intersected 4.49 g/t Au over 2.0 metres and 6.52 g/t Au over 4.2 metres. The first interval is related to a crustiform quartz-tourmaline vein with local visible gold within the gabbro. The second interval, related to Lynx 4, consists of up to 4% pyrite-tourmaline stringers with pervasive silica flooding in a felsic porphyric dike. This intersection extends Lynx 4 by 300 metres to the north-east and down plunge from OSK-W-17-1169 (21.2 g/t Au over 4.3 metres previously reported October 12, 2017).

OSK-W-17-958 returned 9.51 g/t Au over 2.0 metres in Lynx 4. Mineralization is composed of trace disseminated pyrite within a sericitized rhyolite.

OSK-W-17-967 returned 10.9 g/t Au over 2.0 metres within a crustiform vein. The mineralization is composed of trace disseminated pyrite within a chloritized gabbro.

OSK-W-17-970 intersected 7.51 g/t Au over 2.0 metres in the Lynx hanging wall. Mineralization is composed of 3% pyrite with fuchsite in a silicified andesite. The andesite interval is between a fragmental felsic dike and a large quartz eyes porphyritic felsic intrusion.

OSK-W-17-972 intersected 5.23 g/t Au over 2.0 metres. The mineralization consists of 2% pyrite and 30% quartz-tourmaline veins within a gabbro.

OSK-W-17-981 returned 6.21 g/t Au over 2.1 metres in Lynx hanging wall and 5.23 g/t Au over 2.0 metres in Lynx 4. In the Lynx hanging wall the mineralization is composed of 3% disseminated pyrite and traces of pyrite stringers within a strongly sericitized rhyolite. Lynx 4 is composed of up to 5% stringers within the gabbro.

OSK-W-17-986 intersected 6.74 g/t Au over 2.0 metres in Lynx 2. Mineralization is composed of 1% pyrite fragments and traces of disseminated pyrite in a silicified fragmental felsic intrusion.

OSK-W-17-987 intersected 4.97 g/t Au over 2.3 metres in the Lynx hanging wall. Mineralization is composed of traces of disseminated pyrite with local pervasive silica flooding and carbonate veins hosted in a sericitized and strongly chloritized gabbro.

OSK-W-17-991 returned 5.11 g/t Au over 2.0 metres in Lynx 1. Mineralization is composed of 3% pyrite stringers at the contact between a chloritized gabbro and the fragmental felsic intrusion. The interval extends Lynx 1 120 metres north-east of OSK-W-17-929 (18.0 g/t Au over 2.0 metres previously reported October 3, 2017).

OSK-W-17-1007 intersected two intervals: 6.54 g/t Au over 2.0 metres in Lynx 1 and 10.5 g/t Au over 2.2 metres in a crustiform vein. The Lynx 1 mineralization is composed of 10% pyrite stringers in a chloritized and sericitized andesite at the contact with a fragmental felsic intrusion. The crustiform vein is within the Lynx 3 zone and includes 5% disseminated pyrite, 5% pyrite-tourmaline stringers and 1% crustiform quartz veins hosted in chloritized gabbro.

OSK-W-17-1058 intersected 8.50 g/t Au over 3.1 metres in Lynx 2. Mineralization is composed of a decimeter scale crustiform vein with local visible gold, 1% pyrite, disseminated sphalerite and tourmaline veins. The interval is hosted in a strongly silicified rhyolite.

OSK-W-17-1064 intersected Lynx 1 returning 8.92 g/t Au over 2.0 metres. Mineralization is composed of 3% disseminated pyrite and a crustiform vein within a pervasively silica flooded, and fuchsite altered gabbro.

OSK-W-17-1072 intersected 3.73 g/t Au over 2.3 metres in Lynx 4. Local visible gold occurs in a centimetre scale quartz vein. Mineralization also includes up to 4% pyrite-tourmaline stringers in a moderately sericitized rhyolite.

OSK-W-17-1072-W3 intersected 11.3 g/t Au over 2.0 metres in Lynx 4. Mineralization is composed of 8% pyrite stringers associated with interstitial carbonate veinlets hosted in chloritized and slightly sericitized rhyolite.

OSK-W-17-1073 intersected two intervals: 8.65 g/t Au over 2.0 metres and 3.61 g/t Au over 2.5 metres in the south-west extension of Lynx 4 near the main zone. The first interval is hosted in rhyolite and composed of 20% pyrite with silica flooding. The second interval is hosted in the andesite and is composed of 10% disseminated pyrite and quartz-carbonate veins. These intervals are 200 metres south-west of OSK-W-17-1109 (16.9 g/t Au over 4.0 metres previously reported October 12, 2017).

OSK-W-17-1085 intersected Lynx 1 and Lynx 2: 4.83 g/t Au over 2.2 metres and 4.45 g/t Au over 4.0 metres, respectively. Both intersects are hosted in a silica altered fragmental intrusion and composed of up to 3% disseminated pyrite, 2% pyrite clusters and 1% quartz-tourmaline veins.

OSK-W-17-1098 intersected 13.7 g/t Au over 2.4 metres in Lynx 3. Mineralization is composed of up to 3% pyrite stringers with quartz-carbonate veins hosted in a moderately silicified and sericitized fragmental felsic intrusion.

OSK-W-17-1104 intersected two intervals: 6.79 g/t Au over 2.8 metres in Lynx hanging wall and 10.3 g/t Au over 2.0 metres in Lynx 5. The first interval is hosted in a sericitized and fuchsitized gabbro and is composed of 1% disseminated pyrite and 1% pyrite stringers. The second interval is composed of 5% pyrite with silica flooding at the contact between the andesite and the rhyolite. Lynx 5 is extended 120 metres north-east of OSK-W-17-907 (25.9 g/t Au over 2.1 metres previously reported October 30, 2017).

OSK-W-17-1111 intersected 19.0 g/t Au over 6.8 metres in Lynx 2. The interval consists in a sericitized rhyolite with 10% pyrite stringers and pervasive silica flooding.

OSK-W-17-1128 intersected 36.1 g/t Au over 2.1 metres in Lynx 2. Mineralization is composed of up to 2% pyrite stringers within a strongly silicified and sercitized contact between a porphyritic felsic dike and the gabbro.

OSK-W-17-1136 returned 5.40 g/t Au over 2.0 metres in Lynx 2. Mineralization is composed of 15% pyrite with silica flooding within a strongly silicified fragmental felsic intrusion.

OSK-W-17-1143 returned two intervals: 27.9 g/t Au over 2.1 metres and 10.6 g/t Au over 2.0 metres. The first interval is composed of local visible gold and 30% pyrite stringers at the contact between the gabbro and the rhyolite. The second interval is within a sericitized fragmental felsic intrusion and composed of traces of disseminated pyrite. Both intervals are in Lynx 2.

OSK-W-17-1190 intersected with 6.03 g/t Au over 2.1 metres and 4.09 g/t Au over 6.0 metres. The first interval is composed of up to 20% disseminated pyrite with a centimeter scale smoky quartz vein, hosted in andesite. The second interval is a sericitized andesite containing up to 20% disseminated to locally semi-massive pyrite (50%). These intervals are 500 metres south-west of OSK-W-17-907 (30.2 g/t Au over 2.0 metres previously reported September 18, 2017) in the general up-plunge trend of Lynx 5, geometry of the zone remains to be determined.

Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of the Windfall Lake gold project, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Quality Control and Reporting Protocols
True widths determinations are estimated at 65-80% of the reported core length intervals for most of the zones. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at ALS Laboratories in Val dOr, Québec, Thunder Bay and Sudbury, Ontario or Vancouver, British Colombia or Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using an Aqua Regia-ICP-AES method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.

About the Windfall Lake Gold Deposit
The Windfall Lake gold deposit is located between Val-dOr and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by the previous operator comprises 2,762,000 tonnes at 8.42 g/t Au (748.000 ounces) in the indicated category and 3,512,000 tonnes at 7.62 g/t Au (860,000 ounces) in the inferred category (sourced from a technical report dated June 10, 2015 entitled “Preliminary Economic Assessment of the Windfall Lake Gold Property, Québec, Canada” with an effective date of April 28, 2015, prepared in accordance with NI 43-101). The Windfall Lake gold deposit is currently one of the highest grade resource-stage gold projects in Canada. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1.400 metres long. The deposit is well defined from surface to a depth of 500 metres, and remains open along strike and at depth. Mineralization has been identified only 30 metres from surface in some areas and as deep as 870 metres in others, with significant potential to extend mineralization up and down-plunge and at depth.

About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% in the high-grade Windfall Lake gold deposit located between Val-dOr and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area (over 3,300 square kilometres), a 100% interest in the Marban project located in the heart of Québecs prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. The Corporation also holds interests and options in a number of additional properties in northern Quebec and Ontario.  Osisko continues to be well financed with approximately $220 million in cash and investments.

Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Windfall Lake gold deposit being one of the highest grade resource-stage gold projects in Canada; the current 800,000 metre drill program; the significance of new results from the ongoing drill program at the Windfall Lake gold project; the significance of assay results presented in this press release; the type of drilling included in the drill program (definition drilling, expansion drilling to the NE of the main deposit and adjacent Lynx deposit, and exploration drilling on the greater deposit and Urban-Barry project area); potential mineralization; the potential to extend mineralization up and down-plunge and at depth at the Windfall Lake gold deposit; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities, including the continuity or extension of any mineralization; and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “managements view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation. at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in managements geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests in the Windfall Lake gold project; the ability of the Corporation to obtain required approvals and complete transactions on terms announced; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions. Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information, Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

For further information please contact:
John Burzynski. President and Chief Executive Officer
Telephone: (416) 363-8653

Osisko Intersects 4.96 g/t Au Over 13.5 Metres At Garrison

(Toronto, October 31, 2017).  Osisko Mining Inc. (OSK:TSX, “Osisko” or the “Corporation”) is pleased to announce new results from the ongoing drill program at its 100% owned Garrison gold project located in Garrison Township, Ontario.  Over 70,000 metres of new drilling have been conducted by Osisko on the Garrison Project to date.  A total of twenty-four new intercepts in eighteen holes are reported in this release, with significant assay results presented in the table below.

Significant new results include:  4.96 g/t Au over 13.5 metres in OSK-G17-414; 2.01 g/t Au over 21.5 metres and 3.10 g/t Au over 17.0 metres in OSK-G17-395; 3.60 g/t Au over 9.0 metres and 4.45 g/t Au over 5.5 metres in OSK-G17-423; 6.12 g/t Au over 6.0 metres and 10.6 g/t Au over 3.5 metres in OSK-G17-438; 2.13 g/t Au over 17.0 metres in OSK-G17-380; 8.14 g/t Au over 2.7 metres in OSK-G17-426; 7.69 g/t Au over 4.5 metres in OSK-G17-427; 1.34 g/t Au over 22.2 metres in OSK-G17-388; 1.24 g/t Au over 20.9 metres in OSK-G17-391.

The new results continue to confirm the extent of known mineralization in the Garrcon zone. The 2017 drill program is exploring the extensions of the mineralized zones within the Garrcon, Jonpol and 903 zones.  Maps and sections showing hole locations and complete drilling results are available at www.osiskomining.com.

Hole No. From
(m)
To (m) Interval
(m)
Au (g/t)
uncut
Au (g/t)
cut to 30 g/t
Zone
OSK-G17-336 6.0 7.0 1.0 37.1 30.0 Garrcon
OSK-G17-380 226.4 243.4 17.0 2.13   Garrcon
OSK-G17-388 56.1 78.3 22.2 1.34   Garrcon
OSK-G17-391 69.9 90.8 20.9 1.24   Garrcon
OSK-G17-395 25.50 47.0 21.5 2.01   Garrcon
Including 35.8 38.1 2.3 9.78  
  75.0 92.0 17.0 3.10   Garrcon
OSK-G17-401 35.0 54.8 19.8 1.16   Garrcon
OSK-G17-402 155.7 165.5 9.8 2.86   Garrcon
  256.0 266.0 10.0 1.72   Garrcon
OSK-G17-403 79.0 94.0 15.0 1.50   Garrcon
OSK-G17-405 91.6 98.5 6.9 4.28   Garrcon
OSK-G17-409 82.1 91.0 8.9 1.57   Garrcon
OSK-G17-410 55.0 63.8 8.8 1.16   Garrcon
OSK-G17-414 42.0 55.5 13.5 4.96   Garrcon
OSK-G17-419 35.8 45.8 10.0 1.44   Garrcon
  128.8 132.3 3.5 4.63   Garrcon
OSK-G17-423 50.0 59.0 9.0 3.60   Garrcon
  162.0 167.5 5.5 4.45   Garrcon
OSK-G17-426 48.5 50.5 2.0 6.30   Garrcon
  222.0 224.7 2.7 8.14   Garrcon
OSK-G17-427 210.5 215.0 4.5 7.69   Garrcon
Including 212.0 214.0 2.0 15.6  
  244.0 245.0 1.0 58.1 30.0 Garrcon
OSK-G17-438 113.0 119.0 6.0 6.12   Garrcon
Including 113.9 115.5 1.6 19.8  
  599.5 603.0 3.5 10.6   Garrcon

Notes:  True Widths are estimated at 65 – 80% of the reported core length interval.  See “Quality Control” below.

Hole Number Azimuth (°) Dip (°) Length (m) UTM E UTM N Section
OSK-G17-336 337 -55 970 578439 5373928 1400W
OSK-G17-380 339 -47 465 578690 5373821 1200W
OSK-G17-388 281 -45 147 578592 5373861 1300W
OSK-G17-391 280 -60 216 578592 5373861 1300W
OSK-G17-395 280 -60 192 578583 5373886 1300W
OSK-G17-401 278 -61 186 578591 5373906 1275W
OSK-G17-402 340 -45 685 578714 5373764 1200W
OSK-G17-403 277 -45 162 578598 5373941 1250W
OSK-G17-405 280 -59 189 578598 5373941 1250W
OSK-G17-407 282 -45 90 578577 5373970 1250W
OSK-G17-409 282 -60 93 578577 5373970 1250W
OSK-G17-410 281 -45 101 578665 5373876 1200W
OSK-G17-414 281 -46 156 578701 5373894 1175W
OSK-G17-419 282 -45 144 578712 5373917 1175W
OSK-G17-423 280 -45 183 578685 5373950 1175W
OSK-G17-426 280 -60 244 578685 5373950 1175W
OSK-G17-427 270 -90 575 578691 5374046 1125W
OSK-G17-438 243 -90 777 578627 5373858 1250W

 

OSK-G17-388, 391, 395, 401, 403, 405, 407, 409 were drilled as part of a program to test the extension of a mineralized zone bulk sampled in prior work.  During a bulk sample program conducted in 2014 – 2015 by the previous property operator, testing focused on a N-NE trending mineralized corridor marked by zones of quartz-iron carbonate breccias. The mineralized corridor was found to dip shallowly to the east. New drilling involved a series of shallow west oriented holes designed to intersect the mineralized corridor at high angles to its strike.

The new results include:

  •  1.34 g/t Au over 22.2 metres in OSK-G17-388
  •  1.24 g/t Au over 20.9 metres in OSK-G17-391
  •  2.01 g/t Au over 21.5 metres and
  •  3.10 g/t Au over 17.0 metres in OSK-G17-395
  •  1.16 g/t Au over 19.8 metres in OSK-G17-401
  •  1.50 g/t Au over 15.0 metres in OSK-G17-403
  •  4.28 g/t Au over   6.9 metres in OSK-G17-405
  •  1.57 g/t Au over   8.9 metres in OSK-G17-409

Previous reported holes (see August 22, 2017 press release) from this program included OSK-G17-386 (1.20 g/t Au over 33.8 metres), OSK-G17-393 (1.12 g/t Au over 59.3 metres) and OSK-G17-398 (1.13 g/t Au over 22.8 metres).

OSK-G17-410, 414, 419, 423, 426 were designed to test the mineralized zone dipping below the Garrcon east bulk sample pit. The east bulk sample pit tested in 2014 – 2015 showed a parallel zone to the west bulk sample pit trending N-NE and comprised mainly of multiple parallel 1-10 cm quartz-iron carbonate veins hosted within metasediment. Similar to the west bulk sample pit, the mineralized corridor has a shallow east dip.

The new results include:

  •  1.16 g/t Au over   8.8 metres in OSK-G17-410
  •  4.96 g/t Au over 13.5 metres in OSK-G17-414
  •  1.44 g/t Au over 10.0 metres and
  •  4.63 g/t Au over   3.5 metres in OSK-G17-419
  •  3.60 g/t Au over   9.0 metres and
  •  4.45 g/t Au over   5.5 metres in OSK-G17-423
  •  6.30 g/t Au over   2.0 metres and
  •  8.14 g/t Au over   2.7 metres in OSK-G17-426

In both bulk sample pits the mineralization is closely associated with the N-NE trending quartz iron carbonate veins, breccias and fractures showing a strong iron carbonate alteration of the host rock.  Mineralization consists of pyrite concentrations up to 2% along with local visible gold.

OSK-G17-336 was drilled north west of the Garrcon west bulk sample pit intersecting a fracture zone within metasediment near the collar of the hole, with local visible gold returning 37.1 g/t Au over 1.0 metre.

OSK-G17-402, 380 were infill holes in the Garrcon Zone along section 1200W, drilling across the host metasediment.  OSK-G17-380 intersected 2.13 g/t Au over 17.0 metres within a zone of quartz-iron carbonate fracturing showing moderate hematite alteration. OSK-G17-402 intersected two significant mineralized zones including 2.86 g/t Au over 9.8 metres comprised of a broad zone of quartz-iron carbonate veins from 1-5 cm containing 1-2% pyrite, and local visible gold within an iron carbonate alteration halo.  A second interval returned 1.71 g/t Au over 10.0 metres within a fractured zone including minor quartz-iron carbonate and disseminated pyrite.

OSK-G17-427 intersected 7.69 g/t Au over 4.5 metres within a broad quartz-iron carbonate breccia within iron carbonate altered metasediment. This zone correlates with historical drill hole GAR-11-70, 25 metres north which intersected 5.65 g/t Au over 3.0 metres and GAR-12-159 located 40 metres south which intersected 8.39 g/t over 2.0 metres. A second mineralized zone within the hole returned 58.1 g/t Au over 1.0 metre within a zone containing quartz-iron carbonate fracturing and pervasive hematite altered metasediment.

OSK-G17-438 was drilled vertically between the two bulk sample pits at Garrcon. The hole intersected the down dip extension of the mineralized zone in the west bulk sample pit averaging 6.12 g/t Au over 6.0 metres. This interval is hosted within iron carbonate altered metasediment containing multiple 1 cm quartz-iron carbonate. A second intercept of the Garrcon deep zone returned 10.6 g/t Au over 3.5 metres.

OSK-G17-407 did not intersect significant mineralization.

Qualified Person
The scientific and technical content of this press release has been reviewed, prepared and approved by Mr. Greg Matheson, P.Geo. Senior Project Manager of the Garrison gold project, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Quality Control
True widths of the new exploration intercepts reported in this press release have yet to be determined, but are typically 65 – 90% of reported core lengths. Additional work is planned for the immediate area which will enable the true width determination. Assays are uncut except where indicated, and calculated intervals are reported over a minimum length of 2 metres using a lower cutoff of 1.0 g/t Au. All HQ core assays reported were obtained by either whole sample rock metallic screen/fire assay or standard 30 gram fire-assaying with ICP finish at SGS Minerals Services in Cochrane, Ontario or through AAS finish at Bureau Veritas Mineral Laboratories in Timmins, Ontario. The whole sample metallic screen assay method is selected by the geologist when samples contain coarse gold or any samples displaying gold initial fire assay values greater than 4g/t. Drill program design, Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a Quality Assurance/Quality Control program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for Quality Assurance/Quality Control purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assays.

About the Garrison Project
The Garrison Project area is comprised of 214 mineral claims, 25 mining leases, and 87 patent claims encompassing approximately 8,000 hectares.  Both Garrcon and Jonpol have resource estimates that are described in a technical report prepared in accordance with NI 43-101, which was completed by a previous operator Northern Gold Mining Inc. (entitled “Technical Report on the Golden Bear Project – Garrison Property: Larder Lake Mining Division, Garrison Township, Ontario, Canada”) dated December 30, 2013, with an effective date of December 30, 2013 (the “Garrison Technical Report”). The Garrison Technical Report was prepared by A.C.A. Howe International Limited for Northern Gold Mining Inc. (a wholly-owned subsidiary of Osisko) and is available on Osiskos website at www.osiskomining.com and on SEDAR under Northern Gold Mining Inc.s issuer profile at www.sedar.com.

Resource estimates were conducted by A.C.A. Howe International Limited according to CIM standards. The Garrcon Zone estimates showed 15.1 million tonnes with an average grade of 1.07 g/t Au (521,000 oz) in measured resources; 14.1 million tonnes averaging 1.16 g/t Au (526,000 oz) in indicated resources; and 1.7 million tonnes averaging 0.72 g/t Au (39,000 oz) in inferred resources. Potential underground resources of 5.1 million tonnes averaging 3.49 g/t Au (577,000 oz) in the inferred category were also outlined. Resources were reported at a cut-off grade of 0.4 g/t Au for open pit extraction and 1.5 g/t in a bulk underground mining scenario using a gold price of US$1,250/oz.

At the Jonpol Zone, resources were estimated as 0.87 million tonnes averaging 5.34 g/t Au (150,000 oz) in the indicated category; and 1.07 million tonnes averaging 5.56 g/t Au (192,000 oz) in inferred resources. Resources were reported at a cut-off grade of 3.0 g/t Au and assume an underground extraction scenario using a gold price of US$1,250/oz.

Readers are cautioned that inferred resources have a great amount of uncertainty as to their existence and as to whether they can be mined economically. It cannot be assumed that all or any part of the inferred resources will ever be upgraded to a higher category. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

Garrcon Zone
The Garrcon Zone has a shallow plunge eastward along the footwall of the Destor-Porcupine Fault Zone with the bulk of the resource in the western, more densely drilled area. The zone is exposed at surface and has potential for open pit bulk mining at an estimated overall stripping ratio of 1.8:1. There is potential for additional underground resources below the pit and along the easterly plunge of the zone, which is open for further exploration down dip and along strike.

The Garrcon shaft was sunk in 1935 and 1936 by the Consolidated Mining and Smelting Co. of Canada (“Cominco”) and the Shaft and South Zones were tested for high grade gold mineralization. Cominco drove approximately 1,430 metres of drifts and cross cuts, mining underground veins. Diamond drilling by Cominco and Lac Minerals Ltd. in the mid-to-late 1980s identified broad sections of low grade mineralization. In 2006-2007, ValGold Resources Ltd. conducted additional drilling confirming these zones. From 2009-2013 Northern Gold Mining Inc. conducted 97,000 metres of diamond drilling which delineated the current resource.

In 2014, Northern Gold Mining Inc. was granted a trial mining permit allowing the extraction of up to 150,000 tonnes. Northern Gold Mining Inc. mined 73,534 dry tonnes which was processed at the nearby Holt mill facility recovering 3,516 oz at an average head grade of 1.55 g/t and recovery of 95.9%. The trial production permit remains active.

Jonpol Zone
Jonpol is situated in the Munro Fault Zone, a west striking splay off the north side of the Destor-Porcupine Fault. Hosted in a shear zone tens of metres wide in altered mafic volcanic rocks, the deposit consists of four high grade gold mineralized zones (JP, JD, RP and East) over a strike length of 1.7 kilometers. Gold mineralization is hosted in quartz carbonate veins, in mafic and ultramafic host rocks, and is associated with intense albite and/or sericite alteration and pyrite mineralization.

In 1997, a 49,087 tonne bulk sample was extracted from the central part of the JP zone by Hillsborough Resources Limited with an average grade of 6.7 g/t which produced 9,476 ounces Au. From 1985-2013, over 130,000 metres of drilling was completed on the property by previous operators. Development work on the JP zone included the sinking of a 184 metre shaft as well as development of a ramp to the 150 metre level with mining on six sublevels. The Jonpol infrastructure underwent reclamation in the late 1990s and was closed out in 2001, but the existing ramp and shaft are preserved.

About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% in the high-grade Windfall Lake gold deposit located between Val-dOr and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area (82,400 hectares), a 100% interest in the Marban project located in the heart of Québecs prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Garrcon and Jonpol zones on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. The Corporation also holds interests and options in a number of additional properties in northern Ontario.  Osisko continues to be well financed and has approximately $240 million in cash and equity investment.

Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the ongoing drill program at the Garrison gold project; results of the current drill program; the significance of new drill results reported in this press release; the ability of new drill results to demonstrate potential for expansion of the previously defined Garrcon, Jonpol and 903 mineralized zones at the Garrison project; the scope of the 2017 drill program; that the 2017 drill program will follow new extensions of these mineralized zones to further define the scale of mineralization at the Garrison project; potential mineralization; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities; the continuity or extension of any mineralization; and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “managements view”, “anticipates” or “does not anticipate”,  “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in managements geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests; the ability of the Corporation to obtain required approvals and complete transactions on terms announced; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

For further information please contact:
John Burzynski, President and Chief Executive Officer
Telephone: (416) 363-8653

Osisko Intersects 39.4 g/t Au Over 2.4 Metres At Windfall

(Toronto, October 25, 2017)  Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in Urban Township, Abitibi, Québec.  The 800,000 metre drill program combines definition, expansion and exploration drilling in and around the main Windfall gold deposit and the adjacent Lynx deposit (located immediately NE of Windfall).  Significant new analytical results from 18 intercepts in 11 infill holes (at 15 metre spacings) between section 2150E – 2450E, and 4 infill/expansion holes in Zone 27 of the Windfall deposit are presented below.

Highlights from the new results include: 39.4 g/t Au over 2.4 metres in OSK-W-17-1186; 18.8 g/t Au over 4.2 metres in OSK-W-17-1154; 25.7 g/t Au over 2.6 metres in OSK-W-17-903-W1;  and 7.90 g/t Au over 8.0 metres. Maps showing hole locations and full analytical results are available at www.osiskomining.com.

Osisko is performing definition drilling in Zone 27.  The definition program is focused on infilling a 200 metre wide by 200 metre deep area of Zone 27 with a 15 metres drill spacing.  The area is between section 2150E and 2350E.

Hole Number From
(m)
To
(m)
Interval
(m)
Au (g/t)
uncut
Au (g/t)
cut to
100 g/t
Zone Corridor
OSK-W-17-864 516.0 524.0 8.0 7.90   Z27 Z27
OSK-W-17-903-W1 577.6 580.2 2.6 25.7   Z27 FW Z27
including 577.6 578.5 0.9 73.7  
OSK-W-17-1009 108.0 110.7 2.7 5.73   Z27 (15m infill) Z27
including 109.0 110.0 1.0 13.7  
OSK-W-17-1018 10.0 12.0 2.0 3.93   Z27 Z27
OSK-W-17-1023 134.4 138.0 3.6 4.00   Z27 (15m infill) Z27
including 134.4 135.2 0.8 13.1  
OSK-W-17-1038 97.4 99.7 2.3 16.4   Z27 (15m infill) Z27
OSK-W-17-1050 76.5 80.0 3.5 6.55   Z27 (15m infill) Z27
OSK-W-17-1103 79.8 82.0 2.2 15.4   Z27 (15m infill) Z27
OSK-W-17-1106 19.0 21.2 2.2 3.02   Z27 (15m infill) Z27
including 20.9 21.2 0.3 18.6  
OSK-W-17-1122 63.0 65.2 2.2 7.05   Z27 (15m infill) Z27
OSK-W-17-1129 206.8 209.0 2.2 8.20   Z27 (15m infill) Z27
OSK-W-17-1154 91.0 95.2 4.2 18.8   Z27 (15m infill) Z27
including 92.0 93.0 1.0 44.1  
OSK-W-17-1164 132.0 139.8 7.8 7.12   Z27 (15m infill) Z27
including 139.3 139.8 0.5 64.9  
OSK-W-17-1180 71.0 74.0 3.0 5.04   Z27 (15m infill) Z27
  80.0 85.0 5.0 18.0   Z27 (15m infill) Z27
including 80.9 81.9 1.0 49.6  
  142.8 146.0 3.2 3.98   Z27 (15m infill) Z27
  156.5 158.7 2.2 3.47   Z27 (15m infill) Z27
OSK-W-17-1186 522.0 524.4 2.4 39.4   Z27 Z27
including 523.0 524.0 1.0 87.8  

Notes:

  1. True widths are estimated at 65 – 80% of the reported core length interval.  See “Quality Control” below.
  2. Definitions: FW = Foot Wall
Hole Number Azimuth (°) Dip (°) Length (m) UTM E UTM N Section
OSK-W-17-864 330 -53 813 452467 5434581 2525
OSK-W-17-903-W1 329 -56 657 452539 5434692 2650
OSK-W-17-1009 147 -49 183 452107 5434809 2325
OSK-W-17-1018 333 -47 300 452247 5434865 2475
OSK-W-17-1023 145 -48 228 452033 5434796 2275
OSK-W-17-1038 147 -49 120 452067 5434773 2275
OSK-W-17-1050 148 -49 106 452053 5434749 2250
OSK-W-17-1103 148 -49 111 452016 5434722 2200
OSK-W-17-1106 330 -50 342 452152 5434730 2325
OSK-W-17-1122 150 -47 114 452063 5434736 2250
OSK-W-17-1129 325 -49 249 452213 5434606 2325
OSK-W-17-1154 149 -49 174 452020 5434762 2250
OSK-W-17-1164 143 -58 336 451960 5434752 2175
OSK-W-17-1180 322 -45 189 452066 5434618 2175
OSK-W-17-1186 331 -54 984 452419 5434554 2475

 

OSK-W-17-864 intersected 7.9 g/t Au over 8.0 metres. Mineralization is composed of up to 20% pyrite stringers within strong pervasive silica alteration. The andesite host is also sericite and fuchsite altered. Traces of chalcopyrite are observed along the interval.

OSK-W-17-903-W1 intersected 25.7 g/t Au over 2.6 metres in the Zone 27 Footwall. The mineralization is hosted in a strongly sericitized andesite, cut by the Red Dog intrusion, and composed of 3% pyrite stringers. The interval is 30 metre south-west of OSK-W-17-903 (10.7 g/t Au over 2.0 metres previously reported September 20, 2017).

OSK-W-17-1009 intersected 5.73 g/t Au over 2.7 metres. Mineralisation is in a porphyritic felsic intrusion and composed of massive pyrite stringers and pyrite-tourmaline veins. The intrusion is strongly sericitized and silicified.

OSK-W-17-1018 intersected 3.93 g/t Au over 2.0 metres. Mineralisation is composed of 6% semi-massive pyrite and 8% pyrite stringers within a strong silica and sericite altered rhyolite. The interval is 45 metres north-west of the main Zone 27.

OSK-W-17-1023 intersected 4.00 g/t Au over 3.6 metres. Mineralization is at the contact between the felsic intrusion and the rhyolite. Up to 4% pyrite stringers and few quartz-tourmaline veins are within a strong silica and sericite alteration envelope.

OSK-W-17-1038 intersected 16.4 g/t Au over 2.3 metres. Mineralization is composed of up to 5% pyrite stringers in a silica altered felsic porphyritic intrusion.

OSK-W-17-1050 intersected 6.55 g/t Au over 3.5 metres. Mineralization is composed of up to 4% pyrite stringers, 5% pyrite clusters and 1% quartz-tourmaline veins within a strongly sericitized and silicified rhyolite.

OSK-W-17-1103 intersected 15.4 g/t Au over 2.2 metres. Mineralization is composed of 10% pyrite-silica flooding at the contact between the andesite and the felsic porphyritic intrusion.

OSK-W-17-1106 intersected 3.02 g/t Au over 2.2 metres. Mineralisation is composed of trace disseminated pyrite and trace pyrite stringers hosted in a strongly sericitized rhyolite.

OSK-W-17-1122 intersected 7.05 g/t Au over 2.2 metres. Mineralization is composed of up to 10% pyrite stringers hosted in a strongly silicified and sericitized felsic dike.

OSK-W-17-1129 intersected 8.2 g/t Au over 2.2 metres. Mineralization is composed of up to 30% pyrite-silica flooding within a strongly sericitized rhyolite.

OSK-W-17-1154 intersected 18.8 g/t Au over 4.2 metres. Mineralization is composed of 10% semi-massive pyrite and 10% pyrite stringers within a strongly silicified and sericitized felsic intrusion.

OSK-W-17-1164 intersected 7.12 g/t Au over 7.8 metres. Mineralization is composed of trace pyrite stringers and trace pyrite clusters hosted in a sericite altered large quarts eyes, porphyritic felsic dike.

OSK-W-17-1080 intersected four intervals: 5.04 g/t Au over 3.0 metres, 18.0 g/t Au over 5.0 metres, 3.98 g/t Au over 3.2 metres and 3.47 g/t Au over 2.2 metres. The mineralization is composed of up to 15% pyrite stringers, 5% pyrites clusters and disseminated pyrite. Mineralization correlates with felsic intrusions, fragmental or porphyritic textured, hosted in strongly sericitized and silicified rhyolite or andesite.

OSK-W-17-1186 intersected 39.4 g/t Au over 2.4 metres. Mineralization is composed of 5% pyrite stringers and 5-10% disseminated pyrite within a strongly sericitized and silicified andesite.

Qualified Person

The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of the Windfall Lake gold project, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Quality Control and Reporting Protocols

True widths determinations are estimated at 65-80% of the reported core length intervals for most of the zones. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at ALS Laboratories in Val dOr, Québec, Thunder Bay and Sudbury, Ontario or Vancouver, British Colombia or Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using an Aqua Regia-ICP-AES method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.

About the Windfall Lake Gold Deposit

The Windfall Lake gold deposit is located between Val-dOr and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by the previous operator comprises 2,762,000 tonnes at 8.42 g/t Au (748.000 ounces) in the indicated category and 3,512,000 tonnes at 7.62 g/t Au (860,000 ounces) in the inferred category (sourced from a technical report dated June 10, 2015 entitled “Preliminary Economic Assessment of the Windfall Lake Gold Property, Québec, Canada” with an effective date of April 28, 2015, prepared in accordance with NI 43-101). The Windfall Lake gold deposit is currently one of the highest grade resource-stage gold projects in Canada. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1.400 metres long. The deposit is well defined from surface to a depth of 500 metres, and remains open along strike and at depth. Mineralization has been identified only 30 metres from surface in some areas and as deep as 870 metres in others, with significant potential to extend mineralization up and down-plunge and at depth.

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% in the high-grade Windfall Lake gold deposit located between Val-dOr and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area (over 3,300 square kilometres), a 100% interest in the Marban project located in the heart of Québecs prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. The Corporation also holds interests and options in a number of additional properties in northern Quebec and Ontario.  Osisko continues to be well financed with approximately $250 million in cash and investments.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Windfall Lake gold deposit being one of the highest grade resource-stage gold projects in Canada; the current 800,000 metre drill program; the significance of new results from the ongoing drill program at the Windfall Lake gold project; the significance of assay results presented in this press release; the type of drilling included in the drill program (definition drilling, expansion drilling to the NE of the main deposit and adjacent Lynx deposit, and exploration drilling on the greater deposit and Urban-Barry project area); potential mineralization; the potential to extend mineralization up and down-plunge and at depth at the Windfall Lake gold deposit; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities, including the continuity or extension of any mineralization; and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “managements view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation. at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in managements geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests in the Windfall Lake gold project; the ability of the Corporation to obtain required approvals and complete transactions on terms announced; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions. Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information, Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

For further information please contact:
John Burzynski. President and Chief Executive Officer
Telephone: (416) 363-8653

Osisko Intersects 31.4 g/t Au Over 6.0 Metres At Windfall

Drake Extended 100 Metres to NE

Caribou Extension Confirmed to NE

(Toronto, October 18, 2017)  Osisko Mining Inc. (OSK:TSX, “Osisko” or the “Corporation”) is pleased to provide new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in Urban Township, Abitibi, Québec.  The 800,000 metre drill program combines definition, expansion and exploration drilling in and around the main Windfall gold deposit and the adjacent Lynx deposit (located immediately NE of Windfall).  Significant new analytical results from 36 intercepts in 24 drill holes focused on infill and expansion drilling in the Underdog, Caribou, and Mallard corridors of the Windfall deposit are presented below.

Highlights from the new results include: 250 g/t Au over 2.0 metres and 73.6 g/t over 2.0 metres in OSK-W-17-903 in the Underdog corridor; 108 g/t Au over 2.3 metres in OSK-W-17-1179; 31.4 g/t Au over 6.0 metres in OSK-W-17-820 in the Caribou corridor; and 36.6 g/t Au over 3.4 metres in OSK-W-17-867 in the Wolf Zone footwall.  Maps showing hole locations and full analytical results are available at www.osiskomining.com.

Hole Number From
(m)
To
(m)
Interval
(m)
Au (g/t)
uncut
Au (g/t)
cut to
100 g/t
Zone Corridor
OSK-EAG-13-503 342.5 344.9 2.4 8.96   New Underdog
including 343.5 344.9 1.4 13.3  
OSK-OBM-16-601 795.0 797.8 2.8 5.26   FW4 Underdog
including 797.1 797.8 0.7 20.7  
OSK-OBM-16-664 649.0 652.0 3.0 12.8   FW3U HW Underdog
OSK-W-17-664-W1 754.0 756.4 2.4 4.89   FW3U Underdog
including 754.9 755.8 0.9 12.8  
OSK-W-17-820 558.5 564.5 6.0 31.4 25.4 CS1 Caribou
including 561.0 563.0 2.0 83.0 65.0
OSK-W-17-854-W1 489.6 492.0 2.4 7.97   Wolf FW Caribou
including 491.3 492.0 0.7 15.1  
  498.0 501.0 3.0 5.18   Wolf FW Caribou
OSK-W-17-855-W2 759.9 762.0 2.1 11.1   FW1 Underdog
including 759.9 761.0 1.1 20.8  
  861.0 863.0 2.0 8.88   FW2 Underdog
including 862.0 863.0 1.0 17.4  
OSK-W-17-862-W2 640.0 643.0 3.0 13.4   Wolf FW Caribou
including 642.0 643.0 1.0 38.9  
OSK-W-17-867 714.1 717.5 3.4 36.6 29.9 Wolf FW Caribou
including 715.0 716.0 1.0 123 100
OSK-W-17-871 23.2 25.8 2.6 5.39   TBD  
including 24.1 25.0 0.9 15.2  
  269.0 271.4 2.4 6.21   Caribou Caribou
OSK-W-17-903 668.5 670.5 2.0 250 50.1 Vein Underdog
including 668.5 669.5 1.0 501 100    
  778.0 780.0 2.0 73.6 40.2 FW3U Underdog
including 779.2 780.0 0.8 184 100
OSK-W-17-913 533.8 536.5 2.7 5.09   TBD Caribou
including 533.8 535.0 1.2 11.1  
  791.0 793.0 2.0 13.5   Wolf HW Caribou
including 791.0 792.0 1.0 26.2  
OSK-W-17-926 123.8 126.3 2.5 5.18   Mallard Mallard
OSK-W-17-937 782.0 784.4 2.4 8.09   Wolf 2 Caribou
including 783.0 783.8 0.8 22.4  
OSK-W-17-969 210.6 213.0 2.4 10.1   Mallard Mallard
including 210.6 211.0 0.4 53.0  
OSK-W-17-996 359.0 361.2 2.2 9.62   Mallard FW Mallard
including 359.7 360.4 0.7 24.1  
OSK-W-17-999 91.5 94.0 2.5 5.18   TBD NEW Caribou
including 91.5 93.0 1.5 8.54  
  400.7 403.9 3.2 3.68   Caribou ext. Caribou
  432.9 436.4 3.5 5.79   Caribou ext. Caribou
  459.4 462.0 2.6 5.19   Caribou ext. Caribou
including 460.0 461.0 1.0 10.4  
OSK-W-17-1031 182.0 184.0 2.0 3.14   Drake Mallard
including 182.3 182.6 0.3 18.7  
OSK-W-17-1051 303.0 305.1 2.1 7.85   TBD  
  846.0 848.0 2.0 27.8   FW3 Underdog
including 847.0 848.0 1.0 53.8  
OSK-W-17-1066 412.0 415.4 3.4 4.72   CS1 HW Caribou
  458.6 460.9 2.3 4.48   CS1 Caribou
  514.0 517.0 3.0 7.98   CN1 Caribou
including 515.6 516.1 0.5 43.1  
OSK-W-17-1079 597.0 599.3 2.3 108 17.5 CN1 FW Caribou
including 597.6 598.0 0.4 618 100
OSK-W-17-1119 527.4 529.5 2.1 10.7   CN1 Caribou
including 528.3 528.7 0.4 44.4  
  534.3 540.4 6.1 3.08   CN1 Caribou
including 539.2 540.4 1.2 9.48  
OSK-W-17-1147-W1 1129.0 1131.0 2.0 7.52   Caribou ext. Caribou
including 1130.0 1130.5 0.5 29.2  
OSK-W-17-1189 718.5 723.7 5.2 6.58   Caribou Caribou
including 718.5 719.0 0.5 49.8  

Notes:

  1. True widths are estimated at 65 – 80% of the reported core length interval.  See “Quality Control” below.
  2. Definitions: FW = Foot Wall; HW = Hanging Wall; TBD = To Be Determine.
Hole Number Azimuth (°) Dip (°) Length (m) UTM E UTM N Section
OSK-EAG-13-503 330 -56 918 451969 5434525 2075
OSK-OBM-16-601 332 -51 801 452476 5434677 2600
OSK-OBM-16-664 329 -55 810 452396 5434618 2500
OSK-W-17-664-W1 329 -55 996 452394 5434619 2500
OSK-W-17-820 332 -66 1106 452670 5434484 2675
OSK-W-17-854-W1 331 -53 844 452485 5434592 2550
OSK-W-17-855-W2 334 -64 1197 452309 5434384 2300
OSK-W-17-862-W2 332 -55 759 452683 5434577 2725
OSK-W-17-867 315 -50 1029 452800 5434550 2825
OSK-W-17-871 328 -54 533 452402 5434623 2500
OSK-W-17-903 329 -56 801 452539 5434692 2650
OSK-W-17-913 334 -52 954 452878 5434419 2825
OSK-W-17-926 329 -54 216 451981 5434828 2225
OSK-W-17-937 333 -57 935 452897 5434430 2850
OSK-W-17-969 328 -48 324 452200 5434867 2425
OSK-W-17-996 328 -56 393 452270 5434844 2500
OSK-W-17-999 330 -61 516 452861 5434813 3000
OSK-W-17-1031 336 -62 390 452296 5434867 2525
OSK-W-17-1051 138 -68 1248 452313 5435323 2775
OSK-W-17-1066 332 -56 585 452488 5434436 2475
OSK-W-17-1079 332 -58 615 452541 5434452 2550
OSK-W-17-1119 331 -55 609 452541 5434452 2550
OSK-W-17-1147-W1 335 -52 1212 453241 5434381 3125
OSK-W-17-1189 335 -47 1005 452945 5434561 2950

 

OSK-EAG-13-503 intersected 8.96 g/t Au over 2.4 metres (including 13.3 g/t Au over 1.4 metres). Mineralization is composed of semi-massive pyrite stringers and up to 3% disseminated pyrite within a sericitized felsic intrusion. The interval occurs directly under the Red Dog intrusion on section 2075E.

OSK-OBM-16-601 intersected 5.26 g/t Au over 2.8 metres (including 20.7 g/t Au over 0.7 metres). Mineralization is composed of 1% disseminated pyrite within a strongly chloritized andesite. The interval is 60 metres north-west of and parallel to FW3 and aligns with FW4 projections.

OSK-OBM-16-664 intersected 12.8 g/t Au over 3.0 metres in FW3U HW. Mineralization is composed of trace pyrite stringers and small quartz-tourmaline-pyrite veins hosted in rhyolite.

OSK-W-17-664-W1 intersected 4.89 g/t Au over 2.4 metres (including 12.8 g/t Au over 0.9 metres). Mineralization is composed of 2% pyrite stringers within a strongly sericitized andesite.

OSK-W-17-820 intersected 31.4 g/t Au over 6.0 metres uncut (including 83.0 g/t Au over 2.0 metres). Mineralization occurs with strong silica, chlorite and fuchsite alteration in a sheared andesite with up to 25% pyrite clusters and 15% interstitial sphalerite. The interval correlates to CS1 Zone.

OSK-W-17-854-W1 intersected two intervals within the Wolf FW: 7.97 g/t Au over 2.4 metres (including 15.1 g/t Au over 0.7 metres) and 5.18 g/t Au over 3.0 metres. Both intervals occur at the sericite, chlorite and silica altered contact between the felsic porphyritic intrusion and andesite. Mineralization is composed of up to 20% disseminated pyrite, up to 3% pyrite stringers and local quartz-tourmaline ptygmatic veins.

OSK-W-17-855-W2 intersected two intervals: 11.1 g/t Au over 2.1 metres (including 20.8 g/t Au over 1.1 metres) in FW1 and 8.88 g/t over 2.0 metres (including 17.4 g/t Au over 1.0 metre) in FW2. Both intervals contain up to 1% disseminated pyrite and pyrite stringers within and at the contacts along felsic porphyritic dikes.

OSK-W-17-862-W2 intersected 13.4 g/t Au over 3.0 metres (including 38.9 g/t Au over 1.0 metre) in the Wolf Footwall. The mineralization is composed of semi-massive pyrite within a strongly sericitized andesite.

OSK-W-17-867 intersected 36.6 g/t Au over 3.4 metres uncut, (including 123 g/t Au over 1.0 metre) in the Wolf footwall. Trace pyrite mineralization is hosted in weak sericite alteration at the contact between a felsic porphyritic dike and andesite. Two quartz-carbonate veins occur along the contact.

OSK-W-17-871. Intersected a new zone returning 5.39 g/t Au over 2.6 metres (including 15.2 g/t Au over 0.9 metres). The interval is 70 metres south-east of the main Caribou Corridor. Mineralization is composed of disseminated pyrite at the contact between a felsic porphyritic dike and a sericitized andesite. A second intersection returned 6.21 g/t Au over 2.4 metres in the main Caribou Zone. Mineralization is composed of up to 7% pyrite stringers and 3% disseminated pyrite hosted in a strongly sericitized rhyolite.

OSK-W-17-903 intersected two intervals. The first interval returned 250 g/t Au over 2.0 metres uncut (including 501 g/t Au over 1.0 metres) in a tension quartz vein within the Red Dog intrusion. The second interval returned 73.6 g/t Au over 2.0 metres uncut (including 184 g/t Au over 0.8 metres) in FW3.  Mineralization is composed of up to 2% pyrite stringers and disseminated pyrite and local quartz-carbonate veins within a chloritized andesite.

OSK-W-17-913 intersected two intervals: 5.09 g/t Au over 2.7 metres (including 11.1 g/t Au over 1.2 metres) and 13.5 g/t Au over 2.0 metres (including 26.2 g/t Au over 1.0 metre). The first interval is composed of disseminated pyrite at the contact between the rhyolite and the andesite, 55 metres south-east of the main Caribou Corridor. The second interval is within the Wolf hanging wall and is composed of disseminated pyrite and pyrite stringers within a large quartz eyes porphyritic felsic intrusion.

OSK-W-17-926 intersected 5.18 g/t Au over 2.5 metres in Mallard. Mineralization is in a strongly sericitized andesite containing 1% disseminated pyrite, pyrite stringers and local quartz-tourmaline veins.  Mineralization follows a porphyritic felsic dike contact and extends the Mallard Zone 35 metres north-east from OSK-W-17-919 (4.32 g/t Au over 2.5 metres previously reported August 14, 2017).

OSK-W-17-937 intersected 8.09 g/t Au over 2.4 metres (including 22.4 g/t Au over 0.8 metres). Mineralization occurs at the contact between a felsic intrusion and a sericitized rhyolite, with 15% pyrite stringers. The interval correlates to Wolf 2.

OSK-W-17-969 intersected Mallard returning 10.1 g/t Au over 2.4 metres (including 53.0 g/t Au over 0.4 metres).  Mineralization is within a sericitized andesite as 2% pyrite and up to 55% pyrite stringers. Interval is located 60 metres above the OSK-W-17-977 (12.0 g/t Au over 2.2 metres, previously reported September 20, 2017).

OSK-W-17-996 intersected 9.62 g/t Au over 2.2 metres (including 24.1 g/t Au over 0.7 metres). The interval correlates to the Mallard footwall and is composed of 4% disseminated pyrite, 5% crustiform veins and 1% ptygmatic tourmaline veins, occurring along the Red Dog contact within a moderate sericite altered andesite. It extends the Mallard zone 60 metres northeast of OSK-W-17-977 (12.0 g/t Au over 2.2 metres, previously reported September 20, 2017).

OSK-W-17-999 intersected four interval:  the first returned 5.18 g/t Au over 2.5 metres (including 8.54 g/t Au over 1.5 metres) 100 metres south-east of the main Caribou Corridor, mineralization within a fragmental felsic intrusion, with disseminated pyrite correlating with strong sericite alteration. The three other intervals are in the north-east extension of the Caribou Corridor, 50 metres north-east of OBM-16-580 and OBM-16-701 (4.30 g/t Au over 5.4 metres and 4.82 g/t Au over 7.0 metres, respectively reported February 18 and August 25, 2016). The three intervals returned 3.68 g/t Au over 3.2 metres; 5.79 g/t Au over 3.5 metres; and 5.19 g/t Au over 2.6 metres (including 10.4 g/t Au over 1.0 metre). Mineralization occurs in a strongly sericitized and silicified andesite with up to 40% pyrite stringers.

OSK-W-17-1031 intersected 3.14 g/t Au over 2.0 metres (including 18.7 g/t Au over 0.3 metres). Mineralization includes 4% pyrite stringers and 1% disseminated pyrite within a strongly silicified and sericitized andesite. This interval extends the Drake Zone 100 metres northeast of OSK-W-17-969 (7.39 g/t Au over 3.3 metres, previously reported August 24, 2017).

OSK-W-17-1051 intersected a new mineralized contact between a felsic intrusion and the andesite, returning 7.85 g/t Au over 2.1 metres. The interval is 160 metres north-west of the Mallard Corridor, along strike of the F-17 and F-51 zones.  OSK-W-17-1051 also intersected FW3 returning 27.8 g/t Au over 2.0 metres (including 53.8 g/t Au over 1.0 metre). Local visible gold is found with pervasive silica alteration and within a large quartz eyes porphyritic dike, as 8% disseminated pyrite and 4% pyrite-tourmaline stringers.

OSK-W-17-1066 intersected three intervals: 4.72 g/t Au over 3.4 metres; 4.48 g/t Au over 2.3 metres; and 7.98 g/t Au over 3.0 metres (including 43.1 g/t Au over 0.5 metres). The first two zones correlate to CS1 with up to 20% pyrite stringers in a chloritized rhyolite and strongly sericitized andesite. The third interval correlates to CN1 and includes up to 10% pyrite clusters along the contact between a sericitized andesite and a large quartz eyes porphyritic dike.

OSK-W-17-1079 intersected 108 g/t Au over 2.3 metres uncut (including 618 g/t Au over 0.4 metres). Mineralization is included in a sericitized gabbro with local visible gold and 1% pyrite. The interval correlates to CN1, just above the Red Dog contact.

OSK-W-17-1119 intersected two intervals in CN1: 10.7 g/t Au over 2.1 metres (including 44.4 g/t Au over 0.4 metres) and 3.08 g/t Au over 6.1 metres (including 9.48 g/t Au over 1.2 metres). Mineralization is composed of up to 20% pyrite stringers and 5-10% disseminated pyrite within a strongly sericitized andesite.

OSK-W-17-1147-W1 intersected 7.52 g/t Au over 2.0 metres (including 29.2 g/t Au over 0.5 metres) at the contact between an andesite and a porphyritic felsic dike with up to 5% disseminated pyrite and 1% pyrite stringers. The interval is in the north-east extension of the Caribou Corridor.

OSK-W-17-1189 intersected 6.58 g/t Au over 5.2 metres (including 49.8 g/t Au over 0.5 metres). Mineralization is composed of 5% disseminated pyrite, 2% pyrite clusters, in a strongly sericitized andesite in contact with a felsic intrusion. The interval is in the north-east extension of the Caribou Corridor.

Qualified Person

The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of the Windfall Lake gold project, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Quality Control and Reporting Protocols

True widths determinations are estimated at 65-80% of the reported core length intervals for most of the zones. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at ALS Laboratories in Val dOr, Québec, Thunder Bay and Sudbury, Ontario or Vancouver, British Colombia or Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using an Aqua Regia-ICP-AES method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.

About the Windfall Lake Gold Deposit

The Windfall Lake gold deposit is located between Val-dOr and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by the previous operator comprises 2,762,000 tonnes at 8.42 g/t Au (748.000 ounces) in the indicated category and 3,512,000 tonnes at 7.62 g/t Au (860,000 ounces) in the inferred category (sourced from a technical report dated June 10, 2015 entitled “Preliminary Economic Assessment of the Windfall Lake Gold Property, Québec, Canada” with an effective date of April 28, 2015, prepared in accordance with NI 43-101). The Windfall Lake gold deposit is currently one of the highest grade resource-stage gold projects in Canada. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1.400 metres long. The deposit is well defined from surface to a depth of 500 metres, and remains open along strike and at depth. Mineralization has been identified only 30 metres from surface in some areas and as deep as 870 metres in others, with significant potential to extend mineralization up and down-plunge and at depth.

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% in the high-grade Windfall Lake gold deposit located between Val-dOr and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area (over 3,300 square kilometres), a 100% interest in the Marban project located in the heart of Québecs prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. The Corporation also holds interests and options in a number of additional properties in northern Quebec and Ontario.  Osisko continues to be well financed with approximately $250 million in cash and investments (pro-forma recently announced financing).

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Windfall Lake gold deposit being one of the highest grade resource-stage gold projects in Canada; the current 800,000 metre drill program; the significance of new results from the ongoing drill program at the Windfall Lake gold project; the significance of assay results presented in this press release; the type of drilling included in the drill program (definition drilling, expansion drilling to the NE of the main deposit and adjacent Lynx deposit, and exploration drilling on the greater deposit and Urban-Barry project area); potential mineralization; the potential to extend mineralization up and down-plunge and at depth at the Windfall Lake gold deposit; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities, including the continuity or extension of any mineralization; and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “managements view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation. at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in managements geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests in the Windfall Lake gold project; the ability of the Corporation to obtain required approvals and complete transactions on terms announced; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions. Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information, Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

For further information please contact:
John Burzynski. President and Chief Executive Officer
Telephone: (416) 363-8653

Osisko Intersects 61.8 g/t Au Over 2.5 Metres At Lynx

Lynx 4 Extended 235 Metres to NE

(Toronto, October 12, 2017)  Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in Urban Township, Abitibi, Québec.  The 800,000 metre drill program combines definition, expansion and exploration drilling in and around the main Windfall gold deposit and the adjacent Lynx deposit (located immediately NE of Windfall).  Significant new analytical results from 19 intercepts in 11 drill holes focused on infill and expansion drilling in the Lynx deposit are presented below.

Highlights from the new results include: 61.8 g/t Au over 2.5 metres in OSK-W-17-953; 21.2 g/t Au over 4.3 metres in OSK-W-17-1169; 16.9 g/t Au over 4.0 metres in OSK-W-17-1190; and 29.8 g/t Au over 2.0 metres in OSK-W-17-881. Maps showing hole locations and full analytical results are available at www.osiskomining.com.

Hole Number From
(m)
To
(m)
Interval
(m)
Au (g/t)
uncut
Au (g/t)
cut to
100 g/t
Zone Corridor
OSK-W-17-856 270.4 276.0 5.6 5.03   Lynx 2 Lynx
including 270.4 271.0 0.6 13.1  
including 274.0 275.0 1.0 15.2  
OSK-W-17-881 360.5 364.7 4.2 6.54   Lynx 2 FW Lynx
including 362.0 363.4 1.4 15.1  
  384.0 386.0 2.0 29.8   Lynx 2 FW Lynx
including 385.0 386.0 1.0 59.4  
OSK-W-17-923 928.2 931.2 3.0 4.33   Lynx 4 corridor Lynx
OSK-W-17-953 433.0 435.5 2.5 61.8 33.3 Lynx 2 Lynx
including 433.7 434.5 0.8 189 100
OSK-W-17-998 325.0 329.5 4.5 4.78   VNCR Lynx
OSK-W-17-1003 131.1 133.7 2.6 5.18   Lynx 1 Lynx
including 131.1 131.9 0.8 16.8  
  213.1 215.1 2.0 19.5   Lynx 2 Lynx
including 213.1 213.9 0.8 46.3  
OSK-W-17-1121 335.4 337.7 2.3 19.0   VNCR Lynx
including 336.2 336.9 0.7 58.8  
  421.9 424.0 2.1 3.34   VNCR Lynx
  435.0 437.7 2.7 8.62   VNCR Lynx
including 436.0 437.7 1.7 13.7  
OSK-W-17-1123 130.0 132.1 2.1 11.6   Lynx 2 Lynx
including 130.9 131.3 0.4 47.5  
OSK-W-17-1128 423.5 429.0 5.5 3.85   Lynx 3 Lynx
  459.0 461.0 2.0 5.00   Lynx 2 Lynx
  1203.9 1206.2 2.3 14.0   Lynx 6 Lynx
including 1205.0 1206.2 1.2 25.7  
OSK-W-17-1169 1037.7 1040.1 2.4 7.14   Lynx 4 Lynx
including 1039.7 1040.1 0.4 21.8  
  1104.2 1108.5 4.3 21.2   Lynx 4 Lynx
including 1107.5 1108.5 1.0 42.4  
OSK-W-17-1190 538.6 541.1 2.5 11.0   Lynx 4 corridor Lynx
  548.0 552.0 4.0 16.9   Lynx 4 corridor Lynx
including 549.0 549.7 0.7 57.2  

Notes:
1. True widths are estimated at 65 – 80% of the reported core length interval.  See “Quality Control” below.
2. Definitions: FW = Foot Wall; VNCR = crustiform vein.

Hole Number Azimuth (°) Dip (°) Length (m) UTM E UTM N Section
OSK-W-17-856 331 -52 291 453292 5434909 3425
OSK-W-17-881 136 -48 867 453217 5435342 3575
OSK-W-17-923 137 -56 1062 453607 5435603 4025
OSK-W-17-953 131 -48 762 453218 5435353 3575
OSK-W-17-998 330 -57 372 453313 5434909 3425
OSK-W-17-1003 329 -59 366 453223 5434910 3350
OSK-W-17-1121 335 -64 465 453436 5434958 3550
OSK-W-17-1123 336 -46 345 453313 5434972 3475
OSK-W-17-1128 129 -53 1419 453272 5435392 3650
OSK-W-17-1169 129 -55 1437 453330 5435468 3725
OSK-W-17-1190 151 -49 1179 452905 5435152 3200

 

OSK-W-17-856 intersected Lynx 2 returning 5.03 g/t Au over 5.6 metres (including 13.1 g/t Au over 0.6 metres and 15.2 g/t Au over 1.0 metre). Mineralization includes up to 18% pyrite, 5% quartz-carbonate veins and ptygmatic tourmaline veins related to rich silica bands.

OSK-W-17-881 intersected two intervals: 6.54 g/t Au over 4.2 metres (including 15.1 g/t Au over 1.4 metres) and 29.8 g/t Au over 2.0 metres (including 59.4 g/t Au over 1.0 metre). Both intervals are related to Lynx 2 Footwall at the contacts between a rhyolite and a gabbro. Mineralization is composed of up to 1% pyrite stringers and quartz-tourmaline veins within sericite and fuchsite alteration.

OSK-W-17-923 intersected 4.33 g/t Au over 3.0 metres in a strongly sericite and fuchsite altered gabbro. The mineralization is composed of up to 2% pyrite, 2% pyrite stringers and small crustiform veins. The interval correlates to the Lynx 4 corridor, extending the zone235 metres north-east of OSK-W-17-836 (116 g/t Au over 2.4 metres, uncut, previously reported May 23, 2017).

OSK-W-17-953 intersected Lynx 2 returning 61.8 g/t Au over 2.5 metres, uncut, (including 189 g/t Au over 0.8 metres) or 33.3 g/t Au over 2.5 metres cut. The mineralization is within a strongly silicified, sericitized and fuchsitized gabbro with 3% pyrite stringers, 2% disseminated pyrite and small crustiform veins.

OSK-W-17-998 intersected a crustiform vein returning 4.78 g/t Au over 4.5 metres between the Lynx 2 and Lynx 3 Zones. The vein contains up to 7% disseminated pyrite, 3% tourmaline and ptygmatic veins.

OSK-W-17-1003 intersected two intervals: 5.18 g/t Au over 2.6 metres (including 16.8 g/t Au over 0.8 metres) in Lynx 1 and 19.5 g/t over 2.0 metres (including 46.3 g/t Au over 0.8 metres) in Lynx 2. The first interval includes up to 5% pyrite clusters, 5% chalcopyrite and crustiform veins within a strongly sericitized gabbro. The second interval is at the contact between a gabbro and a strongly sericitized rhyolite. Fuchsite is also observed. The mineralization is composed of 10% pyrite stringers and few tourmaline ptygmatic veins.

OSK-W-17-1121 contains three intervals in crustiform veins: 19.0 g/t Au over 2.3 metres (including 58.8 g/t Au over 0.7 metres), 3.34 g/t Au over 2.1 metres and 8.62 g/t Au over 2.7 metres (including 13.7 g/t Au over 1.7 metres). The first is between Lynx 1 and Lynx 2 and the second and third are inside Lynx 3 Zone. All are hosted in a silica altered gabbro and mineralization is composed of up to 6% disseminated pyrite, up to 2% disseminated sphalerite and pyrite stringers.

OSK-W-17-1123 intersected 11.6 g/t Au over 2.1 metres (including 47.5 g/t Au over 0.4 metres) in Lynx 2. Mineralization is composed of 20% pyrite stringers within a strong silica alteration at the contact between a rhyolite and an andesite.

OSK-W-17-1128 intersected three intervals: 3.85 g/t Au over 5.5 metres in Lynx 3, 5.00 g/t Au over 2.0 metres in Lynx 2 and 14.0 g/t Au over 2.3 metres (including 25.7 g/t Au over 1.2 metres) in Lynx 6. The first interval is composed of up to 2% smoky quartz veins within a strongly silicified rhyolite, the second interval is within the gabbro and the third interval composed of up to 1% disseminated pyrite is at the contact between a felsic porphyritic intrusion and a gabbro.

OSK-W-17-1169 intersected two intervals 7.14 g/t Au over 2.4 metres (including 21.8 g/t Au over 0.4 metres) and 21.2 g/t Au over 4.3 metres (including 42.4 g/t Au over 1.0 metre). Both intervals correlate to Lynx 4. The first interval is a felsic porphyritic dike crosscutting the hosting rhyolite. The mineralization is composed of up to 15% pyrite stringers and pyrite-tourmaline stringers. The second interval is composed of semi-massive pyrite and trace of sphalerite hosted in a strongly silicified rhyolite.

OSK-W-17-1190 intersected two intervals: 11.0 g/t Au over 2.5 metres and 16.9 g/t Au over 4.0 metres (including 57.2 g/t Au over 0.7 metres). The mineralization in both intervals is composed of up to 10% disseminated pyrite and quartz-tourmaline veins. The first interval is within a strongly sericitized rhyolite, and the second interval is at the contact between a rhyolite and a felsic porphyritic dike. Both intersections correlate to the Lynx 4 corridor  300 meters up plunge of OSK-W-17-827 (57.0 g/t Au over 2.7 metres previously reported July 25, 2017).

Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of the Windfall Lake gold project, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Quality Control and Reporting Protocols
True widths determinations are estimated at 65-80% of the reported core length intervals for most of the zones. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at ALS Laboratories in Val dOr, Québec, Thunder Bay and Sudbury, Ontario or Vancouver, British Colombia or Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using an Aqua Regia-ICP-AES method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.

About the Windfall Lake Gold Deposit
The Windfall Lake gold deposit is located between Val-dOr and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by the previous operator comprises 2,762,000 tonnes at 8.42 g/t Au (748.000 ounces) in the indicated category and 3,512,000 tonnes at 7.62 g/t Au (860,000 ounces) in the inferred category (sourced from a technical report dated June 10, 2015 entitled “Preliminary Economic Assessment of the Windfall Lake Gold Property, Québec, Canada” with an effective date of April 28, 2015, prepared in accordance with NI 43-101). The Windfall Lake gold deposit is currently one of the highest grade resource-stage gold projects in Canada. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1.400 metres long. The deposit is well defined from surface to a depth of 500 metres, and remains open along strike and at depth. Mineralization has been identified only 30 metres from surface in some areas and as deep as 870 metres in others, with significant potential to extend mineralization up and down-plunge and at depth.

About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% in the high-grade Windfall Lake gold deposit located between Val-dOr and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area (over 3,300 square kilometres), a 100% interest in the Marban project located in the heart of Québecs prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. The Corporation also holds interests and options in a number of additional properties in northern Quebec and Ontario.  Osisko continues to be well financed with approximately $250 million in cash and investments (pro-forma recently announced financing).

Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Windfall Lake gold deposit being one of the highest grade resource-stage gold projects in Canada; the current 800,000 metre drill program; the significance of new results from the ongoing drill program at the Windfall Lake gold project; the significance of assay results presented in this press release; the type of drilling included in the drill program (definition drilling, expansion drilling to the NE of the main deposit and adjacent Lynx deposit, and exploration drilling on the greater deposit and Urban-Barry project area); potential mineralization; the potential to extend mineralization up and down-plunge and at depth at the Windfall Lake gold deposit; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities, including the continuity or extension of any mineralization; and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “managements view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation. at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in managements geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests in the Windfall Lake gold project; the ability of the Corporation to obtain required approvals and complete transactions on terms announced; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions. Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information, Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

For further information please contact:
John Burzynski. President and Chief Executive Officer
Telephone: (416) 363-8653

Osisko Intersects 7.14 g/t Au Over 12.7 Metres At Garrison

(Toronto, October 5, 2017).  Osisko Mining Inc. (OSK:TSX, “Osisko” or the “Corporation”) is pleased to announce new results from the ongoing drill program at its 100% owned Garrison gold project located in Garrison Township, Ontario.  Over 70,000 metres of new drilling have been conducted by Osisko on the Garrison Project to date.  A total of seventeen new intercepts in sixteen holes are reported in this release, with significant assay results presented in the table below.

Significant new results include: 7.14 g/t Au over 12.7 metres in OSK-G17-420; 5.18g/t Au over 17.0 metres and 1.62 g/t Au over 16.1 metres in OSK-G17-412; 1.37g/t Au over 30.2 metres in OSK-G17-408; 2.84 g/t over 7.1 metres in OSK-G17-415.

The new results continue to demonstrate the potential to expand the extent of known mineralization in the 903 Zone. The 2017 drill program will continue to explore extensions of the mineralized zones within the Garrcon, Jonpol and 903 zones.  Maps and sections showing hole locations and complete drilling results are available at www.osiskomining.com

Hole No. From (m) To (m) Interval
(m)
Au (g/t)
uncut
Au (g/t)
cut to

30 g/t
Zone

OSK-G17-367

186.9 202.2 15.3 1.20   903

 

229.8 240.8 11.0 2.03   903

OSK-G17-370

179.6 188.7 9.1 2.65   903

 

310.0 322.0 12.0 1.33   903

OSK-G17-371A

203.6 216.6 13.0 1.65   903

 

305.8 317.2 11.4 2.00   903

OSK-G17-379

249.3 251.3 2.0 5.37   903

OSK-G17-396

48.6 64.6 16.0 1.03   903

OSK-G17-400

177.0 179.0 2.0 6.44   903

OSK-G17-406

122.7 130.7 8.0 2.44   903

 

155.9 171.0 15.1 1.43   903

OSK-G17-408

47.8 78.0 30.2 1.37   903

OSK-G17-412

170.9 187.0 16.1 1.62   903

 

264.0 281.0 17.0 5.18   903

including

264.0 269.0 5.0 14.6   903

 

289.0 291.0 2.0 10.4   903

OSK-G17-415

92.5 99.6 7.1 2.84   903

OSK-G17-420

114.0 126.7 12.7 7.14   903

Notes:  True Widths are estimated at 65 – 80% of the reported core length interval.  See “Quality Control” below.

 

Hole Number Azimuth
(°)
Dip
(°)
Length
(m)
UTM E UTM N Section
OSK-G17-345 346 -51 180 576870 5373421 3050W
OSK-G17-367 339 -47 372 577307 5373101 2750W
OSK-G17-370 331 -47 516 577594 5373044 2500W
OSK-G17-371A 339 -50 551 576899 5372903 3200W
OSK-G17-374A 334 -45 354 576661 5372970 3400W
OSK-G17-382 340 -60 429 576587 5372885 3500W
OSK-G17-379 339 -53 504 577048 5373076 3000W
OSK-G17-396 338 -45 297 576986 5373248 3000W
OSK-G17-400 340 -47 361 577027 5373284 2950W
OSK-G17-404 340 -45 240 576764 5373116 3250W
OSK-G17-406 340 -46 246 577010 5373183 3000W
OSK-G17-408 339 -45 282 577387 5373317 2600W
OSK-G17-411 341 -47 414 577355 5373113 2700W
OSK-G17-412 339 -45 396 577069 5373168 2950W
OSK-G17-415 340 -46 417 577260 5373080 2800W
OSK-G17-420 341 -45 303 577228 5373169 2800W

 

OSK-G17-367 was drilled in the central section of the 903 Zone targeting extensions of the main 903 syenite body to depth. Two intervals in the 903 syenite intersected 1.20 g/t Au over 15.3 metres and 2.03 g/t Au over 11.0 metres. The two broad zones are hosted in syenite showing a porphyritic texture and significant fracturing containing specular hematite and pyrite mineralization.

OSK-G17-370 targeted the eastern extension of the main 903 Zone and 903 South Zone along strike. The hole intersected a new shallow mineralized zone along the flow contact between an ultramafic volcanic and mafic volcanic. This horizon contains limited syenite surrounded by a broad quartz carbonate veining over 10 metres and averaging 2.65 g/t Au over 9.1 metres. A second mineralized zone was intersected along the eastern extension of the 903 South Zone horizon characterized by intense quartz and iron carbonate fracturing adjacent to diabase and hosted within ultramafic volcanic. This interval reported a average of 1.33 g/t Au over 12.0 metres.

OSK-G17-371A, 374A and 382 were drilled southwest of the main 903 syenite, targeting a linear magnetic low that may represent a fault offset extension of the main 903 Zone extending west. All three holes intersected a zone of mariposite alteration ranging from 50 to 75 metres in width containing syenite coincident with the magnetic low. Anomalous gold grades were reported from holes 374A and 382. OSK-G17-371A intersected two separate syenite dykes ranging in width from 15 to 40 metres. The first syenite dyke showed a brick red hematite alteration and limited quartz veining which averaged 1.65 g/t Au over 13.0 metres. The second broader syenite contained considerable quartz – iron carbonate veining up to 1 metre in width a long with minor hematite alteration and disseminated pyrite; this interval averaged 2.00 g/t Au over 11.4 metres.

OSK-G17-379, 396, 406 were drilled along section 3000W in the western section of the main 903 Zone. Each of the holes intersected syenite within the 903 Zone. A strong interval of quartz – iron carbonate veining and hematite alteration was found in OSK-G17-396 reporting a shallow intercept averaging 1.03 g/t Au over 16.0 metres. Drilling 55 metres below this intercept hole OSK-G17-406 also intersected syenite containing significant iron – carbonate veining along with a moderate hematite alteration believed to be the extension of the zone found in OSK-G17-396. Within the syenite dykes two mineralized zones averaged 2.44 g/t Au over 8.0 metres and 1.43 g/t Au over 15.1 metres.  Below this interval (110 metres) OSK-G17-379 intersected syenite dykes hosted within mariposite schist. An interval within the dyke assayed 5.37 g/t Au over 2.0 metres also coincident with veining and hematite alteration.

OSK-G17-400, 412 were drilled along section 2950W within the main 903 Zone. Drill hole OSK-G17-400 was drilled north of the main syenite body and did not intersected any significant dykes; drilling into the footwall metasediment the hole intersected a 5 cm quartz-iron carbonate vein and surrounding fracturing that averaged 6.44 g/t Au over 2.0 metres. Testing 120 metres below OSK-G17-400,OSK-G17-412 intersected a broad zone of syenite along the main trend of the 903 Zone. Within the syenite was quartz-iron carbonate veining with moderate hematite alteration of the syenite as well as along fractures and showing disseminated pyrite within the syenite; this interval averaged 1.62 g/t Au over 16.1 metres. This hole also intersected the footwall metasediment within which a broad chlorite alteration zone containing quartz and iron carbonate veining from 2-40 cm in width and showing disseminated pyrite within the metasediment, averaging 5.18 g/t Au over 17.0 metres. A second interval within the metasediment showing only limited quartz-iron carbonate fracturing to 1 cm width averaged 10.4 g/t Au over 2.0 metres.

OSK-G17-408 was drilled along the eastern strike extension of the 903 Zone targeting the up dip extension of syenite intersected in OSK-G17-332 (1.09 g/t Au over 17.0 metres, March 15, 2017). The hole intersected syenite 35 metres up dip of OSK-G17-332. The syenite contained moderate quartz – iron carbonate veins from 10 to 20 cm in width along with hematite alteration and disseminated pyrite. This shallow interval averaged 1.37 g/t Au over 30.2 metres

OSK-G17-415, 420 were drilled along section 2800W in the central 903 Zone. OSK-G17-415 was drilled 50 metres down dip of OSK-G17-335 (1.57g/t Au over 10.0 metres and 1.49 g/t Au over 9.0 metres, March 15, 2017). The hole successfully intersected the main 903 syenite dyke at a vertical depth of 185 metres but reported limited mineralization. The upper part of hole OSK-G17-415 intersected the southern 903 Zone within highly altered metasediment containing sericite and iron carbonate alteration. Very fine disseminated pyrite along with 1-2 cm quartz – iron carbonate veins contained within the metasediment averaged 2.84 g/t Au over 7.1 metres.  OSK-G17-420 was drilled 50 metres up dip from OSK-G17-335, intersecting a 75 metre wide syenite body. Within the upper contact of the syenite there is considerable strong hematite alteration along with limited quartz – iron carbonate veining and 2-3% coarse disseminated pyrite; this interval returned 7.14 g/t Au over 12.7 metres.

OSK-G17-345, -404, -411 did not intersect significant mineralization.

Qualified Person
The scientific and technical content of this press release has been reviewed, prepared and approved by Mr. Greg Matheson, P.Geo. Senior Project Manager of the Garrison gold project, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Quality Control
True widths of the new exploration intercepts reported in this press release have yet to be determined, but are  typically 65 – 90% of reported core lengths. Additional drilling is planned for the immediate area which will enable the true width determination. Assays are uncut except where indicated, and calculated intervals are reported over a minimum length of 2 metres using a lower cutoff of 1.0 g/t Au. All HQ core assays reported were obtained by either whole sample rock metallic screen/fire assay or standard 30 gram fire-assaying with ICP finish at SGS Minerals Services in Cochrane, Ontario. The whole sample metallic screen assay method is selected by the geologist when samples contain coarse gold or any samples displaying gold initial fire assay values greater than 4g/t. Drill program design, Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a Quality Assurance/Quality Control program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for Quality Assurance/Quality Control purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assays.

About the Garrison Project
The Garrison Project area is comprised of 214 mineral claims, 25 mining leases, and 87 patent claims encompassing approximately 8,000 hectares.  Both Garrcon and Jonpol have resource estimates that are described in a technical report prepared in accordance with NI 43-101, which was completed by a previous operator Northern Gold Mining Inc. (entitled “Technical Report on the Golden Bear Project – Garrison Property: Larder Lake Mining Division, Garrison Township, Ontario, Canada”) dated December 30, 2013, with an effective date of December 30, 2013 (the “Garrison Technical Report”). The Garrison Technical Report was prepared by A.C.A. Howe International Limited for Northern Gold Mining Inc. (a wholly-owned subsidiary of Osisko) and is available on Osiskos website at www.osiskomining.com and on SEDAR under Northern Gold Mining Inc.s issuer profile at www.sedar.com.

Resource estimates were conducted by A.C.A. Howe International Limited according to CIM standards. The Garrcon Zone estimates showed 15.1 million tonnes with an average grade of 1.07 g/t Au (521,000 oz) in measured resources; 14.1 million tonnes averaging 1.16 g/t Au (526,000 oz) in indicated resources; and 1.7 million tonnes averaging 0.72 g/t Au (39,000 oz) in inferred resources. Potential underground resources of 5.1 million tonnes averaging 3.49 g/t Au (577,000 oz) in the inferred category were also outlined. Resources were reported at a cut-off grade of 0.4 g/t Au for open pit extraction and 1.5 g/t in a bulk underground mining scenario using a gold price of US$1,250/oz.

At the Jonpol Zone, resources were estimated as 0.87 million tonnes averaging 5.34 g/t Au (150,000 oz) in the indicated category; and 1.07 million tonnes averaging 5.56 g/t Au (192,000 oz) in inferred resources. Resources were reported at a cut-off grade of 3.0 g/t Au and assume an underground extraction scenario using a gold price of US$1,250/oz.

Readers are cautioned that inferred resources have a great amount of uncertainty as to their existence and as to whether they can be mined economically. It cannot be assumed that all or any part of the inferred resources will ever be upgraded to a higher category. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

Garrcon Zone
The Garrcon Zone has a shallow plunge eastward along the footwall of the Destor-Porcupine Fault Zone with the bulk of the resource in the western, more densely drilled area. The zone is exposed at surface and has potential for open pit bulk mining at an estimated overall stripping ratio of 1.8:1. There is potential for additional underground resources below the pit and along the easterly plunge of the zone, which is open for further exploration down dip and along strike.

The Garrcon shaft was sunk in 1935 and 1936 by the Consolidated Mining and Smelting Co. of Canada (“Cominco”) and the Shaft and South Zones were tested for high grade gold mineralization. Cominco drove approximately 1,430 metres of drifts and cross cuts, mining underground veins. Diamond drilling by Cominco and Lac Minerals Ltd. in the mid-to-late 1980s identified broad sections of low grade mineralization. In 2006-2007, ValGold Resources Ltd. conducted additional drilling confirming these zones. From 2009-2013 Northern Gold Mining Inc. conducted 97,000 metres of diamond drilling which delineated the current resource.

In 2014, Northern Gold Mining Inc. was granted a trial mining permit allowing the extraction of up to 150,000 tonnes. Northern Gold Mining Inc. mined 73,534 dry tonnes which was processed at the nearby Holt mill facility recovering 3,516 oz at an average head grade of 1.55 g/t and recovery of 95.9%. The trial production permit remains active.

Jonpol Zone
Jonpol is situated in the Munro Fault Zone, a west striking splay off the north side of the Destor-Porcupine Fault. Hosted in a shear zone tens of metres wide in altered mafic volcanic rocks, the deposit consists of four high grade gold mineralized zones (JP, JD, RP and East) over a strike length of 1.7 kilometers. Gold mineralization is hosted in quartz carbonate veins, in mafic and ultramafic host rocks, and is associated with intense albite and/or sericite alteration and pyrite mineralization.

In 1997, a 49,087 tonne bulk sample was extracted from the central part of the JP zone by Hillsborough Resources Limited with an average grade of 6.7 g/t which produced 9,476 ounces Au. From 1985-2013, over 130,000 metres of drilling was completed on the property by previous operators. Development work on the JP zone included the sinking of a 184 metre shaft as well as development of a ramp to the 150 metre level with mining on six sublevels. The Jonpol infrastructure underwent reclamation in the late 1990s and was closed out in 2001, but the existing ramp and shaft are preserved.

About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% in the high-grade Windfall Lake gold deposit located between Val-dOr and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area (82,400 hectares), a 100% interest in the Marban project located in the heart of Québecs prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Garrcon and Jonpol zones on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. The Corporation also holds interests and options in a number of additional properties in northern Ontario.  Osisko continues to be well financed and has approximately $246 million in cash and equity investment.

Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the ongoing drill program at the Garrison gold project; results of the current drill program; the significance of new drill results reported in this press release; the ability of new drill results to demonstrate potential for expansion of the previously defined Garrcon, Jonpol and 903 mineralized zones at the Garrison project; the scope of the 2017 drill program; that the 2017 drill program will follow new extensions of these mineralized zones to further define the scale of mineralization at the Garrison project; potential mineralization; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities; the continuity or extension of any mineralization; and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “managements view”, “anticipates” or “does not anticipate”,  “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in managements geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests; the ability of the Corporation to obtain required approvals and complete transactions on terms announced; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

For further information please contact:
John Burzynski, President and Chief Executive Officer
Telephone: (416) 363-8653

Osisko Intersects 27 g/t Au Over 2.7 Metres At Lynx

High Grade Lynx Deposit Expanded Additional 210 Meters to NE

(Toronto, October 3, 2017)  Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in Urban Township, Abitibi, Québec.  The 800,000 metre drill program combines definition, expansion and exploration drilling in and around the main Windfall gold deposit and the adjacent Lynx deposit (located immediately NE of Windfall).  Significant new analytical results from 23 intercepts in 17 drill holes focused on infill and expansion drilling in the Lynx deposit are presented below.

Highlights from the new results include: 27.0 g/t Au over 2.7 metres in OSK-W-17-906; 11.6 g/t Au over 4.4 metres in OSK-W-17-1039; 13.0 g/t Au over 3.6 metres in OSK-W-17-1102; 23.4 g/t Au over 2.0 metres in OSK-W-17-918; and 22.0 g/t Au over 2.0 metres in OSK-W-17-958. Maps showing hole locations and full analytical results are available at www.osiskomining.com.

Hole Number From
(m)
To
(m)
Interval
(m)
Au (g/t)
uncut
Au (g/t)
cut to
100 g/t
Zone Corridor
OSK-W-17-899 243.0 245.0 2.0 4.46   Lynx 2 Lynx
OSK-W-17-906 169.3 172.0 2.7 27.0   Lynx HW Lynx
including 169.3 170.2 0.9 76.9  
  174.0 176.5 2.5 4.25   Lynx HW Lynx
including 174.6 175.0 0.4 21.9      
  276.0 280.0 4.0 5.05   Lynx 2 FW Lynx
OSK-W-17-909 869.0 872.7 3.7 4.33   VNCR Lynx
including 872.0 872.7 0.7 18.6  
OSK-W-17-918 238.0 240.0 2.0 23.4   Lynx 2 Lynx
including 238.7 239.3 0.6 61.3  
OSK-W-17-929 936.5 938.5 2.0 18.9   Lynx 1 Lynx
including 937.2 937.6 0.4 62.6  
OSK-W-17-939 246.0 248.0 2.0 12.1   Lynx 1 Lynx
including 246.0 247.0 1.0 20.6  
  296.0 298.0 2.0 4.71   Lynx 2 Lynx
OSK-W-17-958 500.0 502.0 2.0 22.0   Lynx 1 Lynx
including 500.0 500.5 0.5 87.0  
  712.0 717.0 5.0 5.74   Lynx 4 Lynx
  1070.0 1072.0 2.0 5.36   TBD Lynx
OSK-W-17-986 317.0 320.1 3.1 5.69   VNCR Lynx
including 317.0 318.0 1.0 15.9  
OSK-W-17-987 270.2 272.2 2.0 5.77   VNCR Lynx
including 270.7 271.9 1.2 9.06  
OSK-W-17-1021 68.0 70.2 2.2 9.72   VNCR Lynx
OSK-W-17-1039 436.9 441.3 4.4 11.6   Lynx 1 Lynx
including 436.9 437.9 1.0 34.4  
OSK-W-17-1044 242.0 244.1 2.1 3.03   Lynx 1 Lynx
OSK-W-17-1068 451.9 454.3 2.4 4.77   Lynx HW Lynx
OSK-W-17-1091 60.4 62.7 2.3 11.3   Lynx 1 Lynx
including 61.0 62.0 1.0 25.2  
OSK-W-17-1102 280.9 284.5 3.6 13.0   Lynx 2 Lynx
including 280.9 281.6 0.7 55.4  
OSK-W-17-1121 303.0 305.0 2.0 4.29   Lynx 1 Lynx
  309.5 313.5 4.0 7.78   Lynx 1 Lynx
including 309.5 311.2 1.7 14.9  
OSK-W-17-1169 573.0 576.5 3.5 4.23   Lynx 2 Lynx
including 575.6 576.5 0.9 12.6  

Notes:

  1. True widths are estimated at 65 – 80% of the reported core length interval.  See “Quality Control” below.
  2. Definitions: HG = Hanging wall; FW = Foot Wall; VNCR = crustiform vein; TBD = to be determined.
Hole Number Azimuth (°) Dip (°) Length (m) UTM E UTM N Section
OSK-W-17-899 334 -57 303 453219 5434913 3350
OSK-W-17-906 331 -56 441 453349 5434937 3475
OSK-W-17-909 131 -55 1119 453683 5435677 4125
OSK-W-17-918 335 -57 372 453387 5434953 3525
OSK-W-17-929 130 -58 1218 453871 5435782 4350
OSK-W-17-939 327 -51 414 453376 5434898 3475
OSK-W-17-958 143 -55 1212 453359 5435439 3725
OSK-W-17-986 328 -66 360 453447 5435019 3600
OSK-W-17-987 339 -60 327 453224 5434909 3350
OSK-W-17-1021 333 -55 621 452990 5434889 3150
OSK-W-17-1039 147 -49 513 453361 5435436 3725
OSK-W-17-1044 333 -70 381 453477 5435045 3650
OSK-W-17-1068 130 -45 513 453253 5435282 3575
OSK-W-17-1091 332 -51 246 453207 5434962 3375
OSK-W-17-1102 330 -50 345 453275 5434899 3400
OSK-W-17-1121 335 -64 465 453436 5434958 3550
OSK-W-17-1169 129 -55 1437 453330 5435468 3725

 

OSK-W-17-899 intersected Lynx 2 returning 4.46 g/t Au over 2.0 metres. Mineralization includes up to 6% pyrite as disseminations and clusters and pyrite stringers hosted within weak to moderate chloritized rhyolite, and 1-3% pyrite within weakly developed crustiform veins occurring near the contact between the rhyolite and gabbro. This interval expands the Lynx 2 corridor 35 metres north-east of OSK-W-17-805 (12.4 g/t Au over 5.0 metres previously reported June 16, 2017).

OSK-W-17-906 intersected three intervals:  27.0 g/t Au over 2.7 metres, 4.25 g/t Au over 2.5 metres, both related to Lynx HW and finally 5.05 g/t Au over 4.0 metres related to Lynx 2 FW. Mineralization is hosted in a felsic volcanic cut by quartz veins (pervasive silica flooding) with 30% disseminated pyrite and local visible gold. The second interval is in a porphyritic felsic intrusion cut by small quartz veins with 5-7% disseminated pyrite. Mineralization for the third interval consists of up to 2% disseminated pyrite hosted in a weak sericitized and strong silicified felsic volcanic. This intersection extends Lynx 2 corridor 35 metres north-east of OSK-W-17-803 (5.23 g/t Au over 2.3 metres previously reported April 11, 2017).

OSK-W-17-909 intersected 4.33 g/t Au over 3.7 metres related to crustiform veins containing 3% disseminated pyrite.  The crustiform veins do not correlate to a known zone within the Lynx corridor.

OSK-W-17-918 intersected 23.4 g/t Au over 2.0 metres in Lynx 2. The interval includes 10-15% pervasive silica flooding, 3-5% pyrite tourmaline stringers within a sericitized fragmental felsic intrusion. It is located 10 metres below OSK-W-17-825 (4.06 g/t Au over 2.0 metres previously reported May 10, 2017).

OSK-W-17-929 intersected 18.9 g/t Au over 2.0 metres in Lynx 1, containing locally 8% disseminated pyrite within a moderately to strongly silicified gabbro. It is 210 metres down plunge and north-east of OSK-W-17-909 (11.8 g/t Au over 2.0 metres previously reported September 18, 2017).

OSK-W-17-939 intersected two intervals: 12.1 g/t Au over 2.0 metres in Lynx 1 and 4.71 g/t over 2.0 metres in Lynx 2. The first interval includes trace pyrite and 5% pyrite tourmaline stringers within a weakly sericitized felsic intrusion. The second interval is similar but hosted at the contact between a felsic dike and a volcanic. This interval is 35 metres up plunge and north-east of OSK-W-17-788 (17.0 g/t Au over 17.3 metres, previously reported April 5, 2017).

OSK-W-17-958 intersected three intervals: 22.0 g/t Au over 2.0 metres in Lynx 1, 5.74 g/t Au over 5 metres in Lynx 4  and 5.36 g/t Au over 2.0 metres. The first interval, weakly bleached by sericite and moderate patchy silica alteration, contains 5-7% pyrite stringers, traces of chalcopyrite and quartz-tourmaline veining.  It correlates 25 metres east to OSK-W-17-887 (24.3 g/t Au over 2.6 metres previously reported July 25, 2017). The second interval is strongly altered by fuchsite and locally strongly altered by pervasive silica flooding with up to 10-15% disseminated pyrite and traces of chalcopyrite. This interval contains 20% crustiform veins. The second interval corresponds to a new extension of the Lynx 4 HW and correlates 170 metres north-east of OSK-W-17-817 (13.3 g/t Au over 2 metres previously reported July 12, 2017).  The third interval contains trace pyrite in a quartz vein hosted by a weak silicified and sericitized and strong chloritized gabbro. This interval is within the Lynx corridor, zone to be determined.

OSK-W-17-986 intersected 5.69 g/t Au over 3.1 metres related to a crustiform vein in the Lynx Corridor. Mineralization consists of crustiform quartz-carbonate veins (20-60 centimetres) with pervasive silica flooding hosted in a bleached gabbro with 15% disseminated pyrite, tourmaline-pyrite stringers and local visible gold. The crustiform veins are located 30 metres below and northeast of another crustiform vein previously reported in OSK-W-17-859 (73.5 g/t Au over 2.2 metres, July 12, 2017).

OSK-W-17-987 intersected 5.77 g/t Au over 2.0 metres. Mineralization contains 2% pyrite stringers associated with quartz carbonate and tourmaline veins hosted in a fuschitized and chloritized gabbro, and correlates to a crustiform vein in the Lynx 2 corridor above another crustiform vein in OSK-W-16-740 (5.69 g/t Au over 4.6 metres previously reported January 11, 2017).

OSK-W-17-1021 intersected 9.72 g/t Au over 2.2 metres. Mineralization consists of two crustiform veins with 1% pyrite silicified bands surrounded by felsic intrusion with 2% disseminated pyrite.

OSK-W-17-1039 intersected 11.6 g/t Au over 4.4 metres. The interval is a strongly silicified fragmental felsic intrusion which contains 5% disseminated pyrite and 5% pyrite in a quartz-tourmaline vein (over 10 centimetres). It is located 30 metres north-east of OSK-W-17-912 (6.65 g/t Au over 2.8 metres previously reported August 24, 2017).

OSK-W-17-1044 intersected 3.03 g/t Au over 2.1 metres in Lynx 1. Mineralization is hosted in a bleached, chloritized and epidotized mafic volcanic containing 2% pyrite clusters and 3% pyrite stringers. The hole is 50 metres north-east of OSK-W-17-790 (11.3 g/t Au over 3.6 metres previously reported March 28, 2017).

OSK-W-17-1068 intersected 4.77 g/t Au over 2.4 metres in the Lynx HW Zone. This interval contains pervasive silica flooding with 20% pyrite clusters and 10% pyrite stringers. Both lower and upper contacts are ptygmatic tourmaline veins, hosted in a sericitized large quartz eye felsic intrusion. The interval is 80 metres south-west of OSK-W-17-848 (15.1 g/t Au overs 2.1 metres previously released September 18).

OSK-W-17-1091 intersected 11.3 g/t Au over 2.3 metres in Lynx 1. The interval is within a strongly sericitized felsic volcanic with trace pyrite clusters and traces of pyrite stringers, located 5 metres up plunge and west of OSK-W-16-755 (11.8 g/t Au over 6.0 metres previously reported January 11, 2017).

OSK-W-17-1102 intersected 13.0 g/t Au over 3.6 metres in Lynx 2. This interval consists of a quartz-tourmaline vein (5 centimetres) with 7% pyrite and a pervasive silica flooding with 15% pyrite and 1% pyrite stringer in a sericitized and silicified rhyolite. The interval is 15 metres down plunge and north-east of OSK-W-17-899 (4.46 g/t Au over 2.0 metres, this press release).

OSK-W-17-1121 intersected two intervals: 4.29 g/t Au over 2.0 metres and 7.78 g/t Au over 4.0 metres, both in Lynx 1. The mineralization is hosted at a rhyolite and felsic intrusion contact and composed of 2-3% of pervasive silica flooding with up to 3% pyrite stringers and disseminated pyrite.  The intersection is 15 metres south-west of OSK-W-17-792 (42.1g/t Au over 9.2 metres, previously reported April 5, 2017).

OSK-W-17-1169 intersected 4.23 g/t Au over 3.5 metres in Lynx 2. Mineralization consists of 10% disseminated pyrite in silica altered gabbro. It is 120 metres down plunge and east OSK-W-17-958 (9.18 g/t Au overs 2.2 metres previously reported September 18, 2017).

Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of the Windfall Lake gold project, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Quality Control and Reporting Protocols
True widths determinations are estimated at 65-80% of the reported core length intervals for most of the zones. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at ALS Laboratories in Val dOr, Québec, Thunder Bay and Sudbury, Ontario or Vancouver, British Colombia or Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using an Aqua Regia-ICP-AES method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.

About the Windfall Lake Gold Deposit
The Windfall Lake gold deposit is located between Val-dOr and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by the previous operator comprises 2,762,000 tonnes at 8.42 g/t Au (748.000 ounces) in the indicated category and 3,512,000 tonnes at 7.62 g/t Au (860,000 ounces) in the inferred category (sourced from a technical report dated June 10, 2015 entitled “Preliminary Economic Assessment of the Windfall Lake Gold Property, Québec, Canada” with an effective date of April 28, 2015, prepared in accordance with NI 43-101). The Windfall Lake gold deposit is currently one of the highest grade resource-stage gold projects in Canada. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1.400 metres long. The deposit is well defined from surface to a depth of 500 metres, and remains open along strike and at depth. Mineralization has been identified only 30 metres from surface in some areas and as deep as 870 metres in others, with significant potential to extend mineralization up and down-plunge and at depth.

About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% in the high-grade Windfall Lake gold deposit located between Val-dOr and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area (over 3,300 square kilometres), a 100% interest in the Marban project located in the heart of Québecs prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. The Corporation also holds interests and options in a number of additional properties in northern Quebec and Ontario.  Osisko continues to be well financed with approximately $246 million in cash and investments (pro-forma recently announced financing).

Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Windfall Lake gold deposit being one of the highest grade resource-stage gold projects in Canada; the current 800,000 metre drill program; the significance of new results from the ongoing drill program at the Windfall Lake gold project; the significance of assay results presented in this press release; the type of drilling included in the drill program (definition drilling, expansion drilling to the NE of the main deposit and adjacent Lynx deposit, and exploration drilling on the greater deposit and Urban-Barry project area); potential mineralization; the potential to extend mineralization up and down-plunge and at depth at the Windfall Lake gold deposit; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities, including the continuity or extension of any mineralization; and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “managements view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation. at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in managements geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests in the Windfall Lake gold project; the ability of the Corporation to obtain required approvals and complete transactions on terms announced; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions. Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information, Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

For further information please contact:
John Burzynski. President and Chief Executive Officer
Telephone: (416) 363-8653