Summary
- A total of 138,000 meters have been drilled thus far in 2021. Of that, 46,000 meters have been drilled in the
Valley Zone . - Recent assay results include holes CM-21-030 to CM-21-043 (Figure 1).
- CM-21-033 assayed 100.00 g/t Au over 0.50 meter, CM-21-041 assayed 112.50 g/t Au over 0.50 meter and 115.50 g/t Au over 0.95 meter (Figure 2).
- CM-21-038 intersected multiple mineralized vein corridors including 13.32 g/t Au over 11.40 meters with high-grade samples of 31.40 g/t Au over 0.50 meter, 27.40 g/t Au over 1.00 meter, 23.30 g/t Au over 1.40 meter, 47.40 g/t Au over 1.30 meters, and 20.10 g/t Au over 0.60 meter.
- CM-21-043 assayed 7.09 g/t Au over 12.70 meters including samples of 19.40 g/t Au over 1.30 meters, 10.45 g/t Au over 1.40 meters, 16.80 g/t Au over 0.60 meters, 14.50 g/t Au over 0.50 meter, 10.55 g/t Au over 0.60 meter and 14.05 g/t Au over 0.50 meter. This interval is open along strike and at depth.
- Detailed drilling results and a drill hole location plan map are presented at the end of this release.
Assay Highlights
- 13.05 g/t Au over 4.65 meters in hole CM-21-030 including
- 62.70 g/t Au over 0.90 meter
- 10.83 g/t Au over 3.90 meters in hole CM-21-030 including
- 71.90 g/t Au over 0.50 meter
- 63.90 g/t Au over 1.05 meters in hole CM-21-031
- 51.00 g/t Au over 0.50 meter in hole CM-21-031
- 16.63 g/t Au over 4.50 meters in hole CM-21-033 including
- 100.00 g/t Au over 0.50 meter
- 84.10 g/t Au over 1.10 meters in hole CM-21-034
- 13.10 g/t Au over 3.15 meters in hole CM-21-034
- 17.60 g/t Au over 2.90 meters in hole CM-21-035 including
- 35.60 g/t Au over 0.80 meter
- 58.10 g/t Au over 0.50 meter in hole CM-21-037
- 4.44 g/t Au over 10.10 meters in hole CM-21-037
- 19.37 g/t Au over 2.60 meters in hole CM-21-038 including
- 55.00 g/t Au over 0.75 meter
- 13.32 g/t Au over 11.40 meters in hole CM-21-038 including
- 47.40 g/t Au over 1.30 meters
- 6.51 g/t Au over 17.90 meters in hole CM-21-039 including
- 31.90 g/t Au over 1.30 meters
- 61.50 g/t Au over 0.50 meter in hole CM-21-039
- 11.15 g/t Au over 3.00 meters in hole CM-21-039
- 10.23 g/t Au over 2.85 meters in hole CM-21-040
- 38.50 g/t Au over 0.65 meter in hole CM-21-041
- 112.50 g/t Au over 0.50 meter in hole CM-21-041
- 7.38 g/t Au over 11.35 meters in hole CM-21-041
- 115.50 g/t Au over 0.95 meter in hole CM-21-041
- 7.98 g/t Au over 8.10 meters in hole CM-21-042 including
- 92.30 g/t Au over 0.50 meter
- 11.99 g/t Au over 7.30 meters in hole CM-21-043
- 6.17 g/t Au over 7.00 meters in hole CM-21-043
- 7.09 g/t Au over 12.70 meters in hole CM-21-043
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.
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) | |
CM-21-030 | 82.50 | 83.00 | 0.50 | 10.20 | |
127.50 | 128.70 | 1.20 | 6.31 | ||
181.85 | 183.95 | 2.10 | 3.75 | ||
194.10 | 194.70 | 0.60 | 4.21 | ||
201.75 | 206.40 | 4.65 | 13.05 | ||
Including | 202.25 | 202.75 | 0.50 | 4.73 | |
and | 205.50 | 206.40 | 0.90 | 62.70 | |
218.60 | 222.50 | 3.90 | 10.83 | ||
Including | 218.60 | 219.10 | 0.50 | 71.90 | |
and | 222.00 | 222.50 | 0.50 | 9.46 | |
294.65 | 296.75 | 2.10 | 6.10 | ||
Including | 295.15 | 295.75 | 0.60 | 7.55 | |
and | 295.75 | 296.25 | 0.50 | 15.85 | |
330.00 | 331.90 | 1.90 | 3.77 | ||
Including | 330.00 | 330.90 | 0.90 | 6.19 | |
420.60 | 421.10 | 0.50 | 5.38 | ||
CM-21-031 | 33.95 | 35.00 | 1.05 | 63.90 | |
53.40 | 55.00 | 1.60 | 17.91 | ||
Including | 53.40 | 54.00 | 0.60 | 5.04 | |
and | 54.50 | 55.00 | 0.50 | 51.00 | |
CM-21-032 | 26.70 | 27.20 | 0.50 | 5.62 | |
35.85 | 36.35 | 0.50 | 6.99 | ||
52.90 | 54.60 | 1.70 | 8.50 | ||
Including | 53.90 | 54.60 | 0.70 | 17.25 | |
89.50 | 90.00 | 0.50 | 6.32 | ||
339.05 | 341.75 | 2.70 | 4.51 | ||
Including | 341.15 | 341.75 | 0.60 | 16.35 | |
348.85 | 349.40 | 0.55 | 8.24 | ||
355.70 | 360.00 | 4.30 | 4.78 | ||
Including | 359.05 | 360.00 | 0.95 | 14.65 | |
407.50 | 408.10 | 0.60 | 4.46 | ||
418.95 | 422.10 | 3.15 | 4.95 | ||
Including | 418.95 | 420.00 | 1.05 | 5.69 | |
and | 420.00 | 420.50 | 0.50 | 15.30 | |
429.50 | 430.00 | 0.50 | 8.52 | ||
448.20 | 448.70 | 0.50 | 6.00 | ||
CM-21-033 | 109.00 | 113.50 | 4.50 | 16.63 | |
Including | 110.15 | 110.65 | 0.50 | 100.00 | |
and | 113.00 | 113.50 | 0.50 | 46.90 | |
132.00 | 132.60 | 0.60 | 4.43 | ||
139.90 | 140.40 | 0.50 | 19.05 | ||
163.50 | 164.40 | 0.90 | 9.02 | ||
174.80 | 175.30 | 0.50 | 3.26 | ||
176.50 | 177.00 | 0.50 | 3.19 | ||
186.50 | 187.60 | 1.10 | 5.93 | ||
CM-21-034 | 137.40 | 138.45 | 1.05 | 28.30 | |
Including | 137.95 | 138.45 | 0.50 | 45.80 | |
153.20 | 154.30 | 1.10 | 84.10 | ||
159.25 | 160.15 | 0.90 | 21.80 | ||
172.40 | 175.95 | 3.55 | 3.06 | ||
Including | 172.40 | 172.90 | 0.50 | 11.90 | |
and | 172.90 | 173.40 | 0.50 | 4.74 | |
186.00 | 186.50 | 0.50 | 3.65 | ||
207.50 | 208.00 | 0.50 | 3.24 | ||
226.75 | 229.90 | 3.15 | 13.10 | ||
Including | 226.75 | 227.25 | 0.50 | 23.90 | |
and | 228.80 | 229.90 | 1.10 | 25.90 | |
241.50 | 243.60 | 2.10 | 4.35 | ||
Including | 241.50 | 242.00 | 0.50 | 16.70 | |
301.10 | 301.60 | 0.50 | 8.66 | ||
422.55 | 423.05 | 0.50 | 11.25 | ||
CM-21-035 | 27.70 | 28.20 | 0.50 | 12.55 | |
36.30 | 36.80 | 0.50 | 7.23 | ||
60.50 | 64.50 | 4.00 | 1.78 | ||
Including | 61.00 | 61.50 | 0.50 | 9.49 | |
99.20 | 102.10 | 2.90 | 17.60 | ||
Including | 99.20 | 100.00 | 0.80 | 35.60 | |
and | 100.00 | 101.00 | 1.00 | 15.10 | |
and | 101.00 | 101.60 | 0.60 | 11.75 | |
CM-21-036 | 338.75 | 339.70 | 0.95 | 3.08 | |
487.25 | 494.70 | 7.45 | 2.55 | ||
Including | 487.25 | 488.05 | 0.80 | 4.12 | |
and | 489.75 | 491.05 | 1.30 | 5.04 | |
and | 491.05 | 491.65 | 0.60 | 6.99 | |
and | 491.65 | 492.15 | 0.50 | 6.15 | |
507.50 | 508.25 | 0.75 | 5.88 | ||
CM-21-037 | 77.95 | 81.80 | 3.85 | 3.14 | |
Including | 79.60 | 80.15 | 0.55 | 7.37 | |
and | 80.15 | 81.00 | 0.85 | 4.23 | |
93.75 | 94.25 | 0.50 | 4.25 | ||
115.55 | 116.05 | 0.50 | 3.30 | ||
190.65 | 191.15 | 0.50 | 3.54 | ||
195.65 | 196.15 | 0.50 | 5.57 | ||
200.00 | 200.50 | 0.50 | 4.81 | ||
249.65 | 250.80 | 1.15 | 7.22 | ||
Including | 250.15 | 250.80 | 0.65 | 10.50 | |
260.60 | 261.40 | 0.80 | 12.70 | ||
301.50 | 302.00 | 0.50 | 6.83 | ||
310.45 | 310.95 | 0.50 | 58.10 | ||
334.30 | 337.85 | 3.55 | 4.32 | ||
Including | 335.30 | 335.80 | 0.50 | 21.50 | |
362.50 | 363.00 | 0.50 | 9.99 | ||
375.60 | 376.10 | 0.50 | 11.20 | ||
472.95 | 474.00 | 1.05 | 8.32 | ||
578.70 | 588.80 | 10.10 | 4.44 | ||
Including | 579.70 | 580.50 | 0.80 | 17.50 | |
and | 588.30 | 588.80 | 0.50 | 36.90 | |
CM-21-038 | 293.95 | 296.55 | 2.60 | 19.37 | |
Including | 293.95 | 294.70 | 0.75 | 55.00 | |
and | 295.40 | 296.55 | 1.15 | 7.42 | |
305.90 | 308.90 | 3.00 | 5.35 | ||
Including | 307.25 | 307.90 | 0.65 | 5.92 | |
and | 308.40 | 308.90 | 0.50 | 19.20 | |
315.50 | 321.10 | 5.60 | 3.81 | ||
Including | 315.50 | 316.00 | 0.50 | 26.90 | |
and | 319.00 | 319.50 | 0.50 | 10.50 | |
327.00 | 327.50 | 0.50 | 3.42 | ||
329.80 | 341.20 | 11.40 | 13.32 | ||
Including | 329.80 | 330.30 | 0.50 | 31.40 | |
and | 333.50 | 334.50 | 1.00 | 27.40 | |
and | 334.50 | 335.90 | 1.40 | 23.30 | |
and | 337.70 | 339.00 | 1.30 | 47.40 | |
and | 339.00 | 339.60 | 0.60 | 20.10 | |
CM-21-039 | 58.90 | 59.40 | 0.50 | 5.42 | |
60.40 | 60.90 | 0.50 | 4.49 | ||
62.60 | 63.10 | 0.50 | 3.58 | ||
119.10 | 137.00 | 17.90 | 6.51 | ||
Including | 126.70 | 127.20 | 0.50 | 10.95 | |
and | 127.20 | 127.70 | 0.50 | 7.89 | |
and | 127.70 | 129.00 | 1.30 | 31.90 | |
and | 130.50 | 132.00 | 1.50 | 16.70 | |
and | 132.00 | 133.50 | 1.50 | 7.65 | |
186.00 | 186.50 | 0.50 | 61.50 | ||
204.00 | 205.00 | 1.00 | 4.10 | ||
205.70 | 206.70 | 1.00 | 5.06 | ||
210.50 | 211.50 | 1.00 | 5.32 | ||
224.00 | 224.50 | 0.50 | 4.43 | ||
239.70 | 242.70 | 3.00 | 11.15 | ||
Including | 241.00 | 241.50 | 0.50 | 32.60 | |
and | 242.20 | 242.70 | 0.50 | 17.25 | |
275.00 | 276.40 | 1.40 | 10.05 | ||
343.50 | 344.00 | 0.50 | 9.58 | ||
353.80 | 354.60 | 0.80 | 3.30 | ||
CM-21-040 | 127.20 | 127.70 | 0.50 | 10.95 | |
131.00 | 131.50 | 0.50 | 5.05 | ||
148.30 | 153.60 | 5.30 | 4.88 | ||
Including | 148.30 | 148.80 | 0.50 | 30.00 | |
and | 152.45 | 153.00 | 0.55 | 14.20 | |
160.35 | 161.10 | 0.75 | 3.89 | ||
164.40 | 165.50 | 1.10 | 8.08 | ||
Including | 165.00 | 165.50 | 0.50 | 15.25 | |
170.70 | 171.20 | 0.50 | 3.17 | ||
176.25 | 176.80 | 0.55 | 3.99 | ||
203.20 | 204.00 | 0.80 | 6.32 | ||
249.60 | 250.10 | 0.50 | 5.02 | ||
251.15 | 251.65 | 0.50 | 3.31 | ||
255.10 | 255.70 | 0.60 | 6.29 | ||
261.00 | 262.60 | 1.60 | 5.04 | ||
Including | 261.00 | 261.85 | 0.85 | 7.96 | |
265.85 | 266.70 | 0.85 | 4.46 | ||
274.20 | 274.70 | 0.50 | 7.30 | ||
289.00 | 291.85 | 2.85 | 10.23 | ||
Including | 289.00 | 289.80 | 0.80 | 21.00 | |
and | 290.60 | 291.30 | 0.70 | 11.75 | |
295.30 | 296.30 | 1.00 | 3.88 | ||
297.90 | 298.55 | 0.65 | 3.18 | ||
358.70 | 359.70 | 1.00 | 3.50 | ||
404.10 | 405.30 | 1.20 | 3.67 | ||
433.40 | 434.20 | 0.80 | 4.01 | ||
443.30 | 444.50 | 1.20 | 4.14 | ||
CM-21-041 | 32.60 | 33.10 | 0.50 | 16.05 | |
74.25 | 74.90 | 0.65 | 38.50 | ||
244.80 | 245.30 | 0.50 | 112.50 | ||
273.20 | 274.80 | 1.60 | 3.72 | ||
Including | 274.30 | 274.80 | 0.50 | 6.39 | |
292.05 | 303.40 | 11.35 | 7.38 | ||
Including | 292.05 | 292.75 | 0.70 | 19.45 | |
and | 296.00 | 296.50 | 0.50 | 7.94 | |
and | 297.10 | 297.70 | 0.60 | 8.45 | |
and | 298.80 | 299.50 | 0.70 | 40.30 | |
and | 299.50 | 300.00 | 0.50 | 8.51 | |
and | 302.00 | 302.90 | 0.90 | 18.55 | |
308.80 | 309.75 | 0.95 | 115.50 | ||
416.00 | 416.55 | 0.55 | 5.68 | ||
493.95 | 495.05 | 1.10 | 11.65 | ||
508.70 | 511.25 | 2.55 | 3.37 | ||
581.00 | 581.75 | 0.75 | 6.79 | ||
619.70 | 621.00 | 1.30 | 4.92 | ||
CM-21-042 | 99.10 | 99.60 | 0.50 | 30.20 | |
131.45 | 132.80 | 1.35 | 19.16 | ||
Including | 132.30 | 132.80 | 0.50 | 43.30 | |
137.20 | 137.80 | 0.60 | 4.02 | ||
144.95 | 145.45 | 0.50 | 3.39 | ||
157.00 | 157.50 | 0.50 | 5.54 | ||
195.15 | 195.65 | 0.50 | 8.50 | ||
200.90 | 201.40 | 0.50 | 3.16 | ||
211.65 | 212.45 | 0.80 | 13.00 | ||
239.00 | 239.50 | 0.50 | 9.98 | ||
249.40 | 257.50 | 8.10 | 7.98 | ||
Including | 252.00 | 252.70 | 0.70 | 19.65 | |
and | 254.50 | 255.00 | 0.50 | 92.30 | |
268.75 | 269.25 | 0.50 | 8.52 | ||
289.25 | 289.75 | 0.50 | 10.65 | ||
482.70 | 483.20 | 0.50 | 9.72 | ||
507.00 | 507.50 | 0.50 | 4.74 | ||
516.40 | 517.20 | 0.80 | 8.79 | ||
544.95 | 549.05 | 4.10 | 3.87 | ||
Including | 544.95 | 545.45 | 0.50 | 6.84 | |
and | 547.80 | 548.30 | 0.50 | 7.27 | |
and | 548.30 | 549.05 | 0.75 | 11.60 | |
565.35 | 566.30 | 0.95 | 8.33 | ||
572.75 | 573.40 | 0.65 | 4.06 | ||
CM-21-043 | 306.75 | 308.65 | 1.90 | 5.69 | |
Including | 306.75 | 307.65 | 0.90 | 10.95 | |
314.35 | 314.85 | 0.50 | 13.60 | ||
320.10 | 320.80 | 0.70 | 21.20 | ||
329.75 | 337.05 | 7.30 | 11.99 | ||
Including | 330.80 | 331.40 | 0.60 | 15.00 | |
and | 331.40 | 331.95 | 0.55 | 12.75 | |
and | 332.90 | 333.40 | 0.50 | 18.75 | |
and | 333.90 | 334.40 | 0.50 | 35.90 | |
and | 335.25 | 335.95 | 0.70 | 31.40 | |
and | 336.50 | 337.05 | 0.55 | 28.60 | |
349.40 | 350.25 | 0.85 | 4.41 | ||
380.40 | 387.40 | 7.00 | 6.17 | ||
Including | 380.40 | 381.65 | 1.25 | 10.60 | |
and | 382.55 | 383.50 | 0.95 | 7.58 | |
and | 383.50 | 384.00 | 0.50 | 7.02 | |
and | 384.50 | 385.40 | 0.90 | 9.03 | |
481.20 | 493.90 | 12.70 | 7.09 | ||
Including | 481.20 | 482.50 | 1.30 | 19.40 | |
and | 485.80 | 487.20 | 1.40 | 10.45 | |
and | 489.50 | 490.10 | 0.60 | 16.80 | |
and | 490.10 | 490.60 | 0.50 | 14.50 | |
and | 492.15 | 492.75 | 0.60 | 10.55 | |
and | 492.75 | 493.25 | 0.50 | 14.05 | |
538.45 | 542.20 | 3.75 | 3.23 | ||
Including | 538.95 | 539.45 | 0.50 | 12.65 | |
559.15 | 559.65 | 0.50 | 9.05 | ||
610.75 | 611.45 | 0.70 | 6.48 | ||
615.35 | 616.40 | 1.05 | 16.45 | ||
635.00 | 639.80 | 4.80 | 4.33 | ||
Including | 635.00 | 635.50 | 0.50 | 12.30 | |
and | 636.25 | 636.75 | 0.50 | 15.40 | |
644.30 | 644.80 | 0.50 | 5.21 |
Table 2: Drill Hole Locations and Orientations
HOLE ID | EASTING | NORTHING | ELEV | DIP | AZI | DEPTH (M) |
CM-21-030 | 595535 | 5884102 | 1224 | -44 | 290 | 735 |
CM-21-031 | 595570 | 5884046 | 1225 | -56 | 325 | 321 |
CM-21-032 | 595570 | 5884047 | 1224 | -55 | 315 | 510 |
CM-21-033 | 595490 | 5883969 | 1206 | -46 | 308 | 215 |
CM-21-034 | 595490 | 5883969 | 1206 | -50 | 308 | 522 |
CM-21-035 | 595571 | 5884047 | 1225 | -56 | 340 | 162 |
CM-21-036 | 595563 | 5884069 | 1224 | -46 | 310 | 522 |
CM-21-037 | 595535 | 5884100 | 1224 | -46 | 296 | 642 |
CM-21-038 | 595564 | 5884069 | 1224 | -61 | 308 | 384 |
CM-21-039 | 595481 | 5883922 | 1209 | -46 | 315 | 495 |
CM-21-040 | 595481 | 5883921 | 1209 | -50 | 317 | 496 |
CM-21-041 | 595564 | 5884069 | 1224 | -58 | 309 | 684 |
CM-21-042 | 595544 | 5884126 | 1223 | -45 | 305 | 621 |
CM-21-043 | 595562 | 5884069 | 1224 | -44 | 308 | 789 |
Figures accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/2f5f19fb-d081-4203-9a1b-2289c0feae95
https://www.globenewswire.com/NewsRoom/AttachmentNg/7a634d8b-bbc3-4e91-84d1-17511cfc124e
Figure 1: Cariboo deposit areas overview map
Figure 1: Cariboo deposit areas overview map
Figure 2: Valley Zone select drilling highlights
Figure 2: Valley Zone select drilling highlights
2021 GlobeNewswire, Inc., source