Lowhee Zone Overview
- Two rigs currently operating on
Lowhee Zone located onBarkerville Mountain . - Recent results include holes BM-21-001 to BM-21-018.
- Mineralized vein corridors are currently defined along 650 meters strike by 350 meters in the sandstone to a depth of 275 meters and is open in all directions.
- Lowhee is interpreted to be the strike extension of
Cow Mountain as shown in recent results. - Based on the Mineral Resource Estimate dated
October 5, 2020 , at a cut-off grade of 2.10 g/t Au, theLowhee Zone contains 46,000 oz in the indicated category and 105,000 oz Au in the inferred category based on only 23 drill holes. - A total of 73 drill holes have since been drilled in the
Lowhee Zone . - Detailed drilling results, a drill hole location plan map and vertical long section is presented at the end of this release.
Recent Drilling Highlights:
|
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’s folds 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.
A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/32f5593a-9a87-4647-a5d1-f7310956fabe
Figure 1: Cariboo Deposit Areas with drill locations.
A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/ca02fc23-228a-46e3-85cf-5d5c67129d2e
Figure 2: Lowhee detail area with drill intercept highlights
A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/d05dc705-fc30-45a1-abc2-d24a1610c35d
Figure 3: Lowhee Zone Long Section
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: Cariboo Gold Project Lowhee Zone 2021 Length Weighted Drill Hole Gold Composites
HOLE ID | FROM M | TO (M) | LENGTH (M) | AU G/T | |
BM-21-001 | 206.20 | 207.15 | 0.95 | 3.22 | |
219.65 | 222.25 | 2.60 | 13.22 | ||
INCLUDING | 219.65 | 220.15 | 0.50 | 45.40 | |
AND | 221.75 | 222.25 | 0.50 | 18.35 | |
226.80 | 227.95 | 1.15 | 3.11 | ||
227.95 | 228.45 | 0.50 | 3.55 | ||
233.55 | 234.05 | 0.50 | 4.78 | ||
251.50 | 253.00 | 1.50 | 6.92 | ||
INCLUDING | 251.50 | 252.00 | 0.50 | 17.05 | |
BM-21-002 | 127.25 | 133.80 | 6.55 | 6.14 | |
INCLUDING | 127.25 | 127.75 | 0.50 | 8.24 | |
AND | 130.55 | 131.15 | 0.60 | 43.70 | |
AND | 133.15 | 133.80 | 0.65 | 10.30 | |
194.70 | 195.20 | 0.50 | 9.56 | ||
226.50 | 227.00 | 0.50 | 4.41 | ||
272.30 | 275.95 | 3.65 | 4.78 | ||
INCLUDING | 274.80 | 275.40 | 0.60 | 6.86 | |
AND | 275.40 | 275.95 | 0.55 | 13.45 | |
304.60 | 305.10 | 0.50 | 7.08 | ||
434.95 | 435.65 | 0.70 | 25.70 | ||
BM-21-003 | 42.00 | 43.15 | 1.15 | 7.28 | |
147.80 | 148.40 | 0.60 | 3.63 | ||
220.00 | 220.55 | 0.55 | 6.30 | ||
238.80 | 239.55 | 0.75 | 16.30 | ||
351.00 | 351.50 | 0.50 | 12.95 | ||
BM-21-004 | 135.50 | 136.50 | 1.00 | 4.41 | |
151.00 | 151.50 | 0.50 | 4.65 | ||
188.00 | 188.50 | 0.50 | 3.77 | ||
189.00 | 190.00 | 1.00 | 3.90 | ||
BM-21-005 | 49.70 | 51.00 | 1.30 | 8.47 | |
141.00 | 141.50 | 0.50 | 5.11 | ||
143.95 | 144.50 | 0.55 | 3.50 | ||
183.85 | 184.40 | 0.55 | 5.55 | ||
359.20 | 359.80 | 0.60 | 5.08 | ||
381.55 | 383.50 | 1.95 | 8.88 | ||
INCLUDING | 381.55 | 382.90 | 1.35 | 11.45 | |
BM-21-006 | 35.10 | 35.80 | 0.70 | 4.31 | |
38.00 | 38.50 | 0.50 | 8.96 | ||
INCLUDING | 129.70 | 130.35 | 0.65 | 5.11 | |
AND | 131.70 | 132.35 | 0.65 | 4.57 | |
BM-21-007 | 191.20 | 191.70 | 0.50 | 5.63 | |
206.50 | 207.00 | 0.50 | 6.69 | ||
216.20 | 216.75 | 0.55 | 3.63 | ||
234.45 | 234.95 | 0.50 | 5.06 | ||
253.80 | 254.50 | 0.70 | 6.19 | ||
BM-21-008 | 143.20 | 143.70 | 0.50 | 7.08 | |
145.20 | 148.60 | 3.40 | 4.83 | ||
211.50 | 213.45 | 1.95 | 10.63 | ||
INCLUDING | 211.50 | 212.00 | 0.50 | 8.25 | |
AND | 212.70 | 213.45 | 0.75 | 22.00 | |
BM-21-009 | 46.50 | 47.15 | 0.65 | 3.96 | |
147.40 | 152.00 | 4.60 | 2.23 | ||
INCLUDING | 147.40 | 148.00 | 0.60 | 11.25 | |
AND | 151.50 | 152.00 | 0.50 | 3.68 | |
173.50 | 174.00 | 0.50 | 7.28 | ||
271.65 | 272.15 | 0.50 | 9.75 | ||
BM-21-010 | NO SIGNIFICANT ASSAYS | ||||
BM-21-011 | 40.80 | 42.85 | 2.05 | 2.88 | |
INCLUDING | 40.80 | 41.45 | 0.65 | 5.82 | |
315.20 | 316.00 | 0.80 | 4.49 | ||
317.25 | 318.00 | 0.75 | 6.94 | ||
BM-21-012 | 153.00 | 153.70 | 0.70 | 8.41 | |
161.90 | 162.40 | 0.50 | 18.15 | ||
206.50 | 207.00 | 0.50 | 12.75 | ||
BM-21-013 | 120.25 | 120.75 | 0.50 | 3.33 | |
138.00 | 139.00 | 1.00 | 70.90 | ||
148.50 | 150.00 | 1.50 | 5.60 | ||
BM-21-014 | 147.50 | 148.75 | 1.25 | 11.57 | |
INCLUDING | 148.25 | 148.75 | 0.50 | 26.20 | |
163.40 | 164.50 | 1.10 | 7.22 | ||
INCLUDING | 163.40 | 163.95 | 0.55 | 11.25 | |
232.40 | 232.95 | 0.55 | 14.95 | ||
BM-21-015 | 182.90 | 190.50 | 7.60 | 6.26 | |
INCLUDING | 182.90 | 183.50 | 0.60 | 15.70 | |
AND | 183.50 | 184.00 | 0.50 | 17.00 | |
AND | 185.50 | 186.00 | 0.50 | 11.60 | |
AND | 189.10 | 189.95 | 0.85 | 22.00 | |
BM-21-016 | 155.85 | 156.40 | 0.55 | 4.47 | |
163.55 | 164.10 | 0.55 | 6.75 | ||
180.50 | 184.55 | 4.05 | 7.97 | ||
INCLUDING | 183.50 | 184.00 | 0.50 | 58.80 | |
192.60 | 193.10 | 0.50 | 6.38 | ||
195.25 | 196.45 | 1.20 | 7.27 | ||
203.50 | 204.50 | 1.00 | 21.10 | ||
233.75 | 234.50 | 0.75 | 3.99 | ||
256.00 | 256.60 | 0.60 | 7.27 | ||
288.00 | 288.80 | 0.80 | 3.92 | ||
BM-21-017 | 34.50 | 35.00 | 0.50 | 4.54 | |
48.50 | 49.00 | 0.50 | 3.40 | ||
67.00 | 68.00 | 1.00 | 6.46 | ||
73.00 | 76.50 | 3.50 | 4.93 | ||
INCLUDING | 73.00 | 73.50 | 0.50 | 24.80 | |
AND | 76.00 | 76.50 | 0.50 | 9.66 | |
121.40 | 122.50 | 1.10 | 41.39 | ||
121.40 | 122.00 | 0.60 | 70.20 | ||
129.00 | 129.50 | 0.50 | 3.86 | ||
198.00 | 199.00 | 1.00 | 4.18 | ||
BM-21-018 | 43.75 | 44.60 | 0.85 | 39.40 | |
48.30 | 49.40 | 1.10 | 4.91 | ||
INCLUDING | 65.80 | 67.00 | 1.20 | 4.96 | |
AND | 68.80 | 69.50 | 0.70 | 4.62 | |
AND | 71.50 | 72.00 | 0.50 | 10.95 | |
85.00 | 85.50 | 0.50 | 4.68 | ||
88.60 | 91.00 | 2.40 | 3.66 | ||
171.10 | 172.00 | 0.90 | 6.07 | ||
228.50 | 229.00 | 0.50 | 4.67 |
Table 2: Drill Hole Locations and Orientations
HOLE ID | EASTING | NORTHING | ELEV | DIP | AZI | DEPTH (M) |
BM-21-001 | 596552 | 5882836 | 1454 | -51 | 302 | 303 |
BM-21-002 | 596556 | 5882840 | 1453 | -45 | 300 | 513 |
BM-21-003 | 596553 | 5882838 | 1456 | -53 | 298 | 369 |
BM-21-004 | 596496 | 5882909 | 1428 | -51 | 307 | 494 |
BM-21-005 | 596556 | 5882842 | 1456 | -49 | 308 | 420 |
BM-21-006 | 596554 | 5882840 | 1455 | -49 | 303 | 134 |
BM-21-007 | 596556 | 5882840 | 1454 | -52 | 297 | 354 |
BM-21-008 | 596496 | 5882909 | 1427 | -60 | 306 | 252 |
BM-21-009 | 596556 | 5882841 | 1452 | -52 | 309 | 411 |
BM-21-010 | 596495 | 5882908 | 1427 | -52 | 283 | 192 |
BM-21-011 | 596554 | 5882839 | 1454 | -56 | 307 | 323 |
BM-21-012 | 596496 | 5882908 | 1427 | -58 | 288 | 240 |
BM-21-013 | 596496 | 5882909 | 1429 | -46 | 269 | 180 |
BM-21-014 | 596555 | 5882840 | 1455 | -52 | 306 | 240 |
BM-21-015 | 596496 | 5882910 | 1427 | -55 | 319 | 276 |
BM-21-016 | 596556 | 5882842 | 1457 | -50 | 312 | 348 |
BM-21-017 | 596552 | 5882746 | 1465 | -55 | 293 | 270 |
BM-21-018 | 596552 | 5882746 | 1466 | -56 | 301 | 249 |
Figure 1: Cariboo Deposit Areas with drill locations
Figure 1: Cariboo Deposit Areas with drill locations
Figure 2: Lowhee detail area with drill intercept highlights
Figure 2: Lowhee detail area with drill intercept highlights
Figure 3: Lowhee Zone Long Section
Figure 3: Lowhee Zone Long Section
2021 GlobeNewswire, Inc., source