Also, the Company is reporting additional drilling results from the 200,000-meter 2021 exploration and category conversion drill program campaign. A total of ten diamond drill rigs are currently on the Project.
Highlights
- A 10,000 tonnes bulk sample will be collected on the
Cow Mountain deposit (Figure 1). - A total of 2,200 meters of development is planned (Figure 2).
- The project is intentionally designed to utilize existing surface disturbance to reduce environmental impact and portal construction is to begin immediately.
- Underground drill bays on Cow and Lowhee Deposits are part of the development plan to increase exploration and infill drilling.
- Development will be executed by the Sandvik Roadheader Mt-720 previously tested and commissioned at the Bonanza Ledge operation where promising performance was achieved.
- The ore extracted in the bulk sample will be processed in a newly purchased Ore Sorter from the company Steinert to further improve confidence of ore sorting technology.
- A total of 100,000 meters have been drilled thus far in 2021.
- Recent assay results include holes IM-21-037 to IM-21-068.
- Drilling highlights include 11.76 g/t Au over 7.4 meters in hole IM-21-037 that intersected a vein corridor on
Shaft Zone , open along strike to the south. - Exploration hole IM-21-048 on
Mosquito Creek tested for vein corridors at depth and intersected mineralized veins with assays including 21.2 g/t Au over 0.50 meters and 25.3 g/t over 0.80 meters at vertical depth of 325 meters. - Detailed drilling results and a drill hole location plan map are presented at the end of this release.
Assay Highlights (Figures 3, 4, 5 and 6)
- 11.76 g/t Au over 7.40 meters in hole IM-21-037 including
- 63.90 g/t Au over 1.00 meter
- 47.40 g/t Au over 1.15 meters in hole IM-21-043
- 6.96 g/t Au over 7.35 meters in hole IM-21-051
- 21.59 g/t Au over 2.50 meters in hole IM-21-052 including
- 73.20 g/t Au over 0.65 meters
- 87.30 g/t Au over 0.70 meters in hole IM-21-053
- 4.66 g/t Au over 7.40 meters in hole IM-21-060
- 8.90 g/t Au over 5.60 meters in hole IM-21-062 including
- 82.00 g/t Au over 0.50 meters
- 13.27 g/t Au over 2.85 meters in hole IM-21-064
- 6.73 g/t Au over 5.50 meters in hole IM-21-067
Sean Roosen, CEO of
Mineralized quartz veins on Cariboo are overall sub-vertical dip and northeast strike. Vein corridors are defined as a high-density network of mineralized quartz veins within the axis of the last folding event and hosted within a brittle meta-sandstone or calcareous meta-sandstone. Vein corridors are modelled at a minimum thickness of 2 meters and average about 4.5 meters true width. Individual mineralized veins within these corridors have widths varying from centimeters to several meters and strike lengths from a few meters to over 50 meters. These corridors have been defined from surface to a vertical depth averaging 300 meters and remain open for expansion at depth and along strike. Gold grades are intimately associated with quartz vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins.
True widths are estimated to be 60% to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays. Complete assay highlights are presented in Table 1, drill hole locations are listed in Table 2.
Figure 1: Cariboo deposit areas overview map
https://www.globenewswire.com/NewsRoom/AttachmentNg/ca5283a8-331a-4e5d-b135-711be3bffa18
Figure 2: Underground development plan and bulk sample location
https://www.globenewswire.com/NewsRoom/AttachmentNg/1a645d0d-4749-4ef9-8ed5-19cf44795167
Figure 3:
https://www.globenewswire.com/NewsRoom/AttachmentNg/73dd9b5b-165a-4d41-9115-98a5828aa80e
Figure 4:
https://www.globenewswire.com/NewsRoom/AttachmentNg/47a737fa-ba1f-447b-bcad-97b2e3695d6e
Figure 5:
https://www.globenewswire.com/NewsRoom/AttachmentNg/3537dcc3-e79b-44a7-b21d-ddb8d85952a6
Figure 6:
https://www.globenewswire.com/NewsRoom/AttachmentNg/ae42a635-1190-4074-b893-39fc91e3912b
Qualified Persons
Per National Instrument 43-101 Standards of Disclosure for Mineral Projects,
Quality Assurance – Quality Control
Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on site at a secured facility in
Drill core samples are submitted to ALS Geochemistry’s analytical facility in
About
For further information, please contact | |
VP Investor Relations jflemonde@osiskodev.com Tel: 514-299-4926 |
Forward-looking Statements
Certain statements contained in this press release may be deemed “forward‐looking statements” within the meaning of applicable Canadian and
For additional information with respect to these and other factors and assumptions underlying the forward‐looking statements made in this news release concerning
Neither the
Table 1:
HOLE ID | FROM M | TO (M) | LENGTH (M) | AU G/T | TARGET | |
IM-21-037 | 41.05 | 42.05 | 1.00 | 6.64 | Shaft | |
Including | 41.55 | 42.05 | 0.50 | 11.20 | ||
47.00 | 48.00 | 1.00 | 7.26 | |||
72.00 | 76.30 | 4.30 | 4.11 | |||
Including | 74.35 | 75.00 | 0.65 | 16.40 | ||
272.10 | 279.50 | 7.40 | 11.76 | |||
Including | 277.65 | 278.50 | 0.85 | 22.30 | ||
and | 278.50 | 279.50 | 1.00 | 63.90 | ||
312.20 | 316.30 | 4.10 | 3.85 | |||
Including | 312.20 | 312.90 | 0.70 | 19.95 | ||
322.20 | 325.25 | 3.05 | 5.52 | |||
IM-21-038 | 33.00 | 34.00 | 1.00 | 3.71 | Shaft | |
IM-21-039 | No Significant Assays | Mosquito | ||||
IM-21-040 | 85.25 | 85.75 | 0.50 | 5.68 | Mosquito | |
135.20 | 135.70 | 0.50 | 20.00 | |||
172.75 | 176.15 | 3.40 | 8.50 | |||
Including | 174.70 | 175.65 | 0.95 | 15.75 | ||
208.60 | 209.50 | 0.90 | 7.53 | |||
258.10 | 258.70 | 0.60 | 17.35 | |||
289.30 | 289.80 | 0.50 | 19.75 | |||
342.50 | 346.50 | 4.00 | 4.60 | |||
Including | 342.50 | 343.00 | 0.50 | 25.60 | ||
and | 343.60 | 344.10 | 0.50 | 8.25 | ||
351.00 | 351.50 | 0.50 | 14.75 | |||
410.90 | 411.70 | 0.80 | 6.60 | |||
439.50 | 440.00 | 0.50 | 6.58 | |||
IM-21-041 | 112.90 | 113.60 | 0.70 | 6.71 | Shaft | |
160.50 | 161.15 | 0.65 | 5.23 | |||
274.25 | 274.75 | 0.50 | 4.33 | |||
300.00 | 300.70 | 0.70 | 3.10 | |||
303.00 | 304.10 | 1.10 | 5.24 | |||
IM-21-042 | 302.00 | 305.05 | 3.05 | 2.87 | Shaft | |
Including | 304.40 | 305.05 | 0.65 | 6.99 | ||
318.00 | 318.65 | 0.65 | 20.80 | |||
322.35 | 323.50 | 1.15 | 3.67 | |||
325.90 | 329.50 | 3.60 | 4.08 | |||
Including | 326.50 | 327.00 | 0.50 | 8.43 | ||
and | 329.00 | 329.50 | 0.50 | 6.59 | ||
388.60 | 389.25 | 0.65 | 4.40 | |||
IM-21-043 | 100.50 | 101.65 | 1.15 | 47.40 | Shaft | |
110.00 | 111.50 | 1.50 | 12.20 | |||
Including | 110.00 | 110.90 | 0.90 | 19.50 | ||
IM-21-044 | No Significant Assays | |||||
IM-21-045 | 91.75 | 92.30 | 0.55 | 3.40 | Shaft | |
95.00 | 97.00 | 2.00 | 7.67 | |||
Including | 95.00 | 96.00 | 1.00 | 14.25 | ||
339.50 | 343.80 | 4.30 | 4.11 | |||
Including | 339.50 | 340.00 | 0.50 | 20.20 | ||
and | 343.30 | 343.80 | 0.50 | 12.25 | ||
IM-21-046 | 62.00 | 62.50 | 0.50 | 5.51 | Shaft | |
80.55 | 81.20 | 0.65 | 17.30 | |||
IM-21-047 | 27.15 | 27.65 | 0.50 | 3.63 | Shaft | |
88.70 | 91.10 | 2.40 | 5.63 | |||
Including | 90.00 | 91.10 | 1.10 | 10.20 | ||
IM-21-048 | 121.20 | 122.80 | 1.60 | 5.70 | Mosquito | |
185.20 | 187.40 | 2.20 | 6.36 | |||
Including | 185.20 | 186.30 | 1.10 | 11.25 | ||
224.25 | 226.70 | 2.45 | 4.93 | |||
275.30 | 275.80 | 0.50 | 10.95 | |||
418.75 | 419.25 | 0.50 | 21.20 | |||
422.60 | 423.40 | 0.80 | 3.53 | |||
427.35 | 427.85 | 0.50 | 11.20 | |||
432.00 | 432.50 | 0.50 | 3.50 | |||
434.65 | 435.35 | 0.70 | 11.00 | |||
437.70 | 438.50 | 0.80 | 25.30 | |||
488.00 | 488.50 | 0.50 | 3.13 | |||
536.50 | 537.10 | 0.60 | 4.55 | |||
IM-21-049 | 28.25 | 28.75 | 0.50 | 3.97 | Shaft | |
32.00 | 32.50 | 0.50 | 5.84 | |||
IM-21-050 | No Significant Assays | |||||
IM-21-051 | 149.90 | 151.00 | 1.10 | 10.20 | Shaft | |
168.15 | 175.50 | 7.35 | 6.96 | |||
Including | 168.15 | 168.85 | 0.70 | 36.00 | ||
and | 173.15 | 174.65 | 1.50 | 15.55 | ||
227.20 | 227.70 | 0.50 | 10.75 | |||
IM-21-052 | 249.00 | 251.50 | 2.50 | 21.59 | Shaft | |
Including | 249.70 | 250.30 | 0.60 | 9.45 | ||
and | 250.30 | 250.95 | 0.65 | 73.20 | ||
328.15 | 328.65 | 0.50 | 12.75 | |||
363.45 | 364.95 | 1.50 | 4.67 | |||
Including | 363.45 | 363.95 | 0.50 | 10.05 | ||
IM-21-053 | 29.55 | 31.30 | 1.75 | 4.51 | Shaft | |
Including | 30.80 | 31.30 | 0.50 | 12.90 | ||
54.30 | 55.00 | 0.70 | 87.30 | |||
194.15 | 194.70 | 0.55 | 9.01 | |||
200.00 | 200.65 | 0.65 | 10.90 | |||
228.50 | 232.50 | 4.00 | 5.00 | |||
Including | 231.50 | 232.00 | 0.50 | 11.30 | ||
and | 232.00 | 232.50 | 0.50 | 12.35 | ||
IM-21-054 | 40.70 | 42.00 | 1.30 | 5.15 | Shaft | |
122.40 | 123.40 | 1.00 | 11.50 | |||
176.00 | 176.50 | 0.50 | 8.54 | |||
IM-21-055 | 72.50 | 74.00 | 1.50 | 4.45 | Shaft | |
IM-21-056 | 159.60 | 160.20 | 0.60 | 4.26 | Shaft | |
IM-21-057 | 39.00 | 40.00 | 1.00 | 4.46 | Shaft | |
109.00 | 109.70 | 0.70 | 5.46 | |||
IM-21-058 | 195.15 | 196.30 | 1.15 | 5.35 | Shaft | |
260.50 | 262.50 | 2.00 | 13.92 | |||
Including | 261.95 | 262.50 | 0.55 | 43.50 | ||
IM-21-059 | 24.00 | 25.00 | 1.00 | 7.82 | Shaft | |
157.35 | 157.85 | 0.50 | 11.00 | |||
IM-21-060 | 29.00 | 30.50 | 1.50 | 4.09 | Shaft | |
92.10 | 99.50 | 7.40 | 4.66 | |||
Including | 92.10 | 93.20 | 1.10 | 7.57 | ||
and | 95.40 | 96.00 | 0.60 | 15.75 | ||
and | 96.00 | 96.50 | 0.50 | 8.12 | ||
and | 99.00 | 99.50 | 0.50 | 9.01 | ||
105.20 | 106.30 | 1.10 | 22.00 | |||
182.00 | 183.50 | 1.50 | 6.79 | |||
Including | 183.00 | 183.50 | 0.50 | 14.40 | ||
IM-21-061 | 147.50 | 148.10 | 0.60 | 6.66 | Mosquito | |
IM-21-062 | 181.40 | 182.70 | 1.30 | 11.20 | Shaft | |
311.80 | 317.40 | 5.60 | 8.90 | |||
Including | 311.80 | 312.30 | 0.50 | 82.00 | ||
IM-21-063 | 20.50 | 22.10 | 1.60 | 15.72 | Shaft | |
Including | 21.60 | 22.10 | 0.50 | 46.90 | ||
28.00 | 28.65 | 0.65 | 7.55 | |||
318.00 | 318.65 | 0.65 | 6.49 | |||
330.95 | 331.95 | 1.00 | 6.35 | |||
IM-21-064 | 108.70 | 109.20 | 0.50 | 11.40 | Shaft | |
163.80 | 166.65 | 2.85 | 13.27 | |||
Including | 163.80 | 165.15 | 1.35 | 15.45 | ||
and | 166.15 | 166.65 | 0.50 | 33.90 | ||
IM-21-065 | Hole Abandoned | Mosquito | ||||
IM-21-066 | 183.90 | 188.10 | 4.20 | 5.59 | Shaft | |
Including | 183.90 | 184.40 | 0.50 | 7.05 | ||
and | 186.90 | 187.50 | 0.60 | 24.90 | ||
227.75 | 228.25 | 0.50 | 12.45 | |||
249.80 | 250.30 | 0.50 | 57.40 | |||
IM-21-067 | 120.00 | 125.50 | 5.50 | 6.73 | Shaft | |
Including | 120.00 | 120.60 | 0.60 | 21.80 | ||
and | 123.75 | 125.00 | 1.25 | 15.10 | ||
197.50 | 198.00 | 0.50 | 7.06 | |||
IM-21-068 | 70.15 | 71.20 | 1.05 | 6.43 | Mosquito | |
99.00 | 102.50 | 3.50 | 6.49 | |||
Including | 99.00 | 99.50 | 0.50 | 10.05 | ||
and | 102.00 | 102.50 | 0.50 | 11.15 | ||
262.50 | 263.60 | 1.10 | 12.27 |
Table 2: Drill Hole Locations and Orientations
HOLE ID | EASTING | NORTHING | ELEV | DIP | AZI | DEPTH (M) |
IM-21-037 | 594913 | 5884185 | 1293 | -64 | 145 | 348 |
IM-21-038 | 594383 | 5884721 | 1392 | -60 | 119 | 264 |
IM-21-039 | 593690 | 5885199 | 1396 | -46 | 118 | 324 |
IM-21-040 | 593945 | 5884991 | 1380 | -44 | 322 | 516 |
IM-21-041 | 594291 | 5884713 | 1407 | -47 | 127 | 315 |
IM-21-042 | 594986 | 5884348 | 1303 | -49 | 148 | 504 |
IM-21-043 | 594383 | 5884722 | 1391 | -60 | 118 | 173 |
IM-21-044 | 593689 | 5885197 | 1395 | -49 | 121 | 309 |
IM-21-045 | 594382 | 5884721 | 1394 | -65 | 142 | 357 |
IM-21-046 | 594291 | 5884713 | 1407 | -56 | 121 | 369 |
IM-21-047 | 594456 | 5884340 | 1438 | -51 | 316 | 154 |
IM-21-048 | 593945 | 5884993 | 1379 | -48 | 321 | 567 |
IM-21-049 | 594455 | 5884340 | 1437 | -57 | 321 | 213 |
IM-21-050 | 594384 | 5884722 | 1392 | -55 | 111 | 225 |
IM-21-051 | 594455 | 5884339 | 1434 | -46 | 326 | 243 |
IM-21-052 | 594986 | 5884349 | 1301 | -45 | 135 | 504 |
IM-21-053 | 594290 | 5884715 | 1408 | -54 | 110 | 357 |
IM-21-054 | 594455 | 5884338 | 1436 | -67 | 328 | 180 |
IM-21-055 | 594384 | 5884721 | 1392 | -52 | 133 | 216 |
IM-21-056 | 594455 | 5884340 | 1435 | -56 | 305 | 192 |
IM-21-057 | 594455 | 5884338 | 1436 | -68 | 305 | 192 |
IM-21-058 | 594384 | 5884722 | 1396 | -56 | 137 | 287 |
IM-21-059 | 594249 | 5884689 | 1415 | -46 | 134 | 219 |
IM-21-060 | 594473 | 5884351 | 1430 | -70 | 325 | 234 |
IM-21-061 | 593943 | 5884990 | 1379 | -53 | 294 | 198 |
IM-21-062 | 594985 | 5884348 | 1302 | -45 | 153 | 324 |
IM-21-063 | 594249 | 5884690 | 1415 | -52 | 133 | 468 |
IM-21-064 | 594473 | 5884351 | 1430 | -56 | 325 | 171 |
IM-21-065 | 593909 | 5885012 | 1369 | -48 | 282 | 93 |
IM-21-066 | 594384 | 5884722 | 1394 | -60 | 143 | 261 |
IM-21-067 | 594474 | 5884351 | 1430 | -60 | 330 | 201 |
IM-21-068 | 593910 | 5885015 | 1369 | -45 | 303 | 339 |
Figure 1: Cariboo deposit areas overview map
Figure 1: Cariboo deposit areas overview map
Figure 2: Underground development plan and bulk sample location
Figure 2: Underground development plan and bulk sample location
Figure 3: Mosquito Creek select drilling highlights
Figure 3: Mosquito Creek select drilling highlights
Figure 4: Shaft Zone select drilling highlights
Figure 4: Shaft Zone select drilling highlights
Figure 5: Shaft Zone select drilling highlights
Figure 5: Shaft Zone select drilling highlights
Figure 6: Shaft Zone select drilling highlights
Figure 6: Shaft Zone select drilling highlights
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