Drilling Summary
- A total of 68 holes and 30,000 drilled meters thus far in 2021 at
Valley Zone , located between the Shaft and Cow deposits. - Recent assay results include holes CM-21-001 to CM-21-016 (Figure 1).
- CM-21-005 intersected a modelled vein corridor that assayed 17.16 g/t Au over 10.7 meters, increasing confidence in the existing model (Figure 2).
- Drillhole CM-21-012 intersected 10 mineralized vein corridors at least 3 meters wide extending vein corridors down to vertical depths of 440 meters and additional high-grade samples including 150 g/t Au over 0.50 meters, 62.6 g/t Au over 0.50 meter and 52.9 g/t Au over 0.50 meter (Figure 3).
- Detailed drilling results, a drill hole location plan map and vertical cross section are presented at the end of this release.
Recent Drilling Highlights:
- 11.39 g/t Au over 4.35 meters in CM-21-002 including
- 93.60 g/t Au over 0.50 meter
- 15.01 g/t Au over 5.10 meters in CM-21-004 including
- 80.20 g/t Au over 0.85 meter
- 124.00 g/t Au over 0.65 meter in CM-21-004
- 11.54 g/t Au over 3.45 meters in CM-21-005 including
- 34.70 g/t Au over 1.00 meter
- 17.16 g/t Au over 10.70 meters in CM-21-005 including
- 80.00 g/t Au over 1.20 meters
- 7.86 g/t Au over 5.75 meters in CM-21-008 including
- 53.00 g/t Au over 0.80 meter
- 4.99 g/t Au over 9.65 meters in CM-21-008
- 5.83 g/t Au over 15.15 meters in CM-21-008
- 75.30 g/t Au over 0.85 meter in CM-21-010
- 55.30 g/t Au over 0.50 meter in CM-21-012
- 11.15 g/t Au over 5.50 meters in CM-21-012 including
- 38.50 g/t Au over 0.70 meter
- 73.32 g/t Au over 1.25 meters in CM-21-012 including
- 150.00 g/t Au over 0.60 meter in CM-21-012
- 13.35 g/t Au over 3.60 meters in CM-21-012
- 7.54 g/t Au over 5.40 meters in CM-21-012
- 62.60 g/t Au over 0.50 meter in CM-21-012
- 52.90 g/t Au over 0.50 meter in CM-21-012
- 5.62 g/t Au over 6.45 meters in CM-21-012
- 4.49 g/t Au over 12.00 meters in CM-21-013
- 6.81 g/t Au over 10.30 meters in CM-21-013
- 3.25 g/t Au over 16.35 meters in CM-21-015
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 events and hosted within a brittle meta-sandstone or calcareous meta-sandstone. Vein corridors are modelled at a minimum thickness of 2.0 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.
Corporate Matters
The Corporation is pleased to announce that incentive stock options have been granted to officers to purchase 492,600 common shares at a price of
The Company has also granted an aggregate total of 427,100 restricted share units (“RSUs”) to officers in accordance with the RSU Plan of the Company. All RSUs will vest on
Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8d35c79c-af98-4ed3-a27a-26ba85ff244d
Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7164bf5f-d4d9-4612-bbfd-34633198a28f
Figure 3 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4e1b881e-01b1-4f35-b0c6-eb0f084c7578
Qualified Persons
Per National Instrument 43-101 Standards of Disclosure for Mineral Projects,
Quality Assurance – Quality Control
Once received 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
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For further information, please contact |
Vice President, 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-21-001 | HOLE ABANDONDED | ||||
CM-21-002 | 80.90 | 82.40 | 1.50 | 7.65 | |
INCLUDING | 80.90 | 81.90 | 1.00 | 9.46 | |
217.55 | 221.90 | 4.35 | 11.39 | ||
INCLUDING | 219.50 | 220.00 | 0.50 | 93.60 | |
231.00 | 231.50 | 0.50 | 4.12 | ||
237.20 | 237.70 | 0.50 | 5.93 | ||
250.30 | 252.25 | 1.95 | 8.29 | ||
INCLUDING | 251.10 | 251.75 | 0.65 | 23.70 | |
CM-21-003 | 77.50 | 78.00 | 0.50 | 4.40 | |
151.00 | 151.60 | 0.60 | 21.20 | ||
157.80 | 158.50 | 0.70 | 16.40 | ||
168.50 | 169.00 | 0.50 | 9.54 | ||
179.00 | 181.90 | 2.90 | 3.34 | ||
INCLUDING | 179.50 | 180.50 | 1.00 | 8.74 | |
186.85 | 187.35 | 0.50 | 6.45 | ||
195.00 | 195.70 | 0.70 | 16.50 | ||
205.85 | 206.35 | 0.50 | 6.77 | ||
292.20 | 293.70 | 1.50 | 3.82 | ||
294.90 | 295.85 | 0.95 | 3.50 | ||
CM-21-004 | 10.50 | 11.75 | 1.25 | 5.60 | |
40.50 | 41.00 | 0.50 | 5.60 | ||
44.65 | 45.15 | 0.50 | 3.15 | ||
77.85 | 79.50 | 1.65 | 7.69 | ||
INCLUDING | 78.35 | 79.50 | 1.15 | 10.55 | |
93.55 | 98.65 | 5.10 | 15.01 | ||
INCLUDING | 97.80 | 98.65 | 0.85 | 80.20 | |
106.85 | 109.40 | 2.55 | 5.98 | ||
INCLUDING | 108.70 | 109.40 | 0.70 | 18.65 | |
121.45 | 122.10 | 0.65 | 124.00 | ||
167.50 | 169.55 | 2.05 | 3.77 | ||
INCLUDING | 167.50 | 168.00 | 0.50 | 11.25 | |
CM-21-005 | 162.10 | 162.60 | 0.50 | 4.07 | |
171.00 | 175.80 | 4.80 | 5.46 | ||
INCLUDING | 171.00 | 171.50 | 0.50 | 44.70 | |
200.40 | 201.75 | 1.35 | 5.11 | ||
INCLUDING | 201.00 | 201.75 | 0.75 | 7.41 | |
205.50 | 206.00 | 0.50 | 17.60 | ||
208.75 | 212.20 | 3.45 | 11.54 | ||
INCLUDING | 211.20 | 212.20 | 1.00 | 34.70 | |
217.45 | 222.00 | 4.55 | 3.74 | ||
INCLUDING | 217.45 | 218.25 | 0.80 | 6.95 | |
AND | 219.25 | 220.05 | 0.80 | 2.64 | |
AND | 221.45 | 222.00 | 0.55 | 16.80 | |
228.10 | 238.80 | 10.70 | 17.16 | ||
INCLUDING | 228.10 | 229.35 | 1.25 | 20.20 | |
AND | 229.35 | 230.85 | 1.50 | 9.67 | |
AND | 231.60 | 232.35 | 0.75 | 34.30 | |
AND | 232.35 | 233.20 | 0.85 | 22.10 | |
AND | 233.20 | 234.40 | 1.20 | 80.00 | |
263.40 | 264.80 | 1.40 | 4.67 | ||
318.70 | 319.40 | 0.70 | 5.05 | ||
CM-21-006 | 95.40 | 96.00 | 0.60 | 5.78 | |
103.45 | 104.50 | 1.05 | 4.53 | ||
INCLUDING | 103.45 | 103.95 | 0.50 | 6.48 | |
120.30 | 120.90 | 0.60 | 4.88 | ||
160.10 | 161.00 | 0.90 | 3.07 | ||
177.00 | 177.60 | 0.60 | 8.66 | ||
294.00 | 295.50 | 1.50 | 10.30 | ||
309.70 | 312.65 | 2.95 | 5.16 | ||
INCLUDING | 312.00 | 312.65 | 0.65 | 7.49 | |
419.20 | 422.30 | 3.10 | 7.43 | ||
INCLUDING | 419.20 | 420.15 | 0.95 | 18.95 | |
447.30 | 448.10 | 0.80 | 14.05 | ||
460.00 | 460.50 | 0.50 | 3.96 | ||
462.70 | 463.20 | 0.50 | 4.89 | ||
481.00 | 481.80 | 0.80 | 3.43 | ||
504.50 | 505.60 | 1.10 | 4.14 | ||
514.40 | 520.30 | 5.90 | 3.53 | ||
INCLUDING | 518.10 | 518.70 | 0.60 | 27.50 | |
AND | 519.80 | 520.30 | 0.50 | 5.05 | |
527.25 | 527.80 | 0.55 | 11.25 | ||
CM-21-006-1 | 179.50 | 185.80 | 6.30 | 2.82 | |
INCLUDING | 180.00 | 180.50 | 0.50 | 22.60 | |
287.50 | 288.00 | 0.50 | 5.27 | ||
314.50 | 316.50 | 2.00 | 8.40 | ||
INCLUDING | 314.50 | 315.00 | 0.50 | 18.40 | |
AND | 315.00 | 315.50 | 0.50 | 13.10 | |
438.60 | 439.10 | 0.50 | 8.98 | ||
442.40 | 443.45 | 1.05 | 7.97 | ||
447.50 | 448.00 | 0.50 | 3.73 | ||
449.00 | 449.50 | 0.50 | 6.59 | ||
453.20 | 453.70 | 0.50 | 2.97 | ||
468.05 | 470.65 | 2.60 | 4.25 | ||
475.50 | 476.00 | 0.50 | 20.20 | ||
493.25 | 498.00 | 4.75 | 3.46 | ||
INCLUDING | 495.65 | 497.10 | 1.45 | 7.40 | |
716.85 | 717.85 | 1.00 | 6.19 | ||
INCLUDING | 716.85 | 717.35 | 0.50 | 10.25 | |
CM-21-007 | 50.35 | 50.85 | 0.50 | 3.90 | |
81.90 | 82.55 | 0.65 | 3.08 | ||
96.65 | 100.00 | 3.35 | 2.91 | ||
INCLUDING | 96.65 | 97.80 | 1.15 | 6.48 | |
161.75 | 162.40 | 0.65 | 5.36 | ||
241.00 | 241.60 | 0.60 | 6.35 | ||
CM-21-008 | 146.25 | 152.00 | 5.75 | 7.86 | |
INCLUDING | 151.20 | 152.00 | 0.80 | 53.00 | |
169.50 | 179.15 | 9.65 | 4.99 | ||
INCLUDING | 169.50 | 170.90 | 1.40 | 9.18 | |
AND | 170.90 | 171.70 | 0.80 | 3.21 | |
AND | 175.00 | 176.50 | 1.50 | 9.06 | |
AND | 178.65 | 179.15 | 0.50 | 37.60 | |
192.50 | 193.00 | 0.50 | 6.24 | ||
205.90 | 207.00 | 1.10 | 4.09 | ||
232.00 | 235.00 | 3.00 | 4.63 | ||
INCLUDING | 234.15 | 235.00 | 0.85 | 10.05 | |
349.65 | 364.80 | 15.15 | 5.83 | ||
INCLUDING | 349.65 | 350.15 | 0.50 | 7.36 | |
AND | 350.75 | 352.00 | 1.25 | 16.25 | |
AND | 353.00 | 354.50 | 1.50 | 11.10 | |
AND | 358.00 | 358.60 | 0.60 | 7.27 | |
AND | 361.50 | 362.00 | 0.50 | 30.40 | |
AND | 362.50 | 363.00 | 0.50 | 14.65 | |
AND | 363.00 | 363.50 | 0.50 | 7.29 | |
418.50 | 419.00 | 0.50 | 3.14 | ||
CM-21-009 | 17.50 | 18.00 | 0.50 | 5.52 | |
52.10 | 52.70 | 0.60 | 22.90 | ||
82.50 | 83.15 | 0.65 | 6.11 | ||
101.00 | 102.00 | 1.00 | 14.25 | ||
188.65 | 192.85 | 4.20 | 3.52 | ||
INCLUDING | 188.65 | 189.15 | 0.50 | 19.85 | |
AND | 192.30 | 192.85 | 0.55 | 6.78 | |
CM-21-010 | 82.95 | 83.80 | 0.85 | 75.30 | |
95.85 | 96.85 | 1.00 | 4.05 | ||
98.85 | 100.00 | 1.15 | 3.02 | ||
190.10 | 190.85 | 0.75 | 4.71 | ||
242.05 | 242.55 | 0.50 | 12.70 | ||
260.55 | 261.20 | 0.65 | 3.13 | ||
CM-21-011 | 38.00 | 41.50 | 3.50 | 3.23 | |
INCLUDING | 38.00 | 38.50 | 0.50 | 19.35 | |
115.90 | 117.00 | 1.10 | 6.28 | ||
288.20 | 288.80 | 0.60 | 5.70 | ||
CM-21-012 | 56.90 | 57.40 | 0.50 | 55.30 | |
123.75 | 124.25 | 0.50 | 6.47 | ||
241.85 | 242.50 | 0.65 | 3.03 | ||
248.45 | 252.15 | 3.70 | 5.97 | ||
INCLUDING | 248.45 | 248.95 | 0.50 | 28.80 | |
258.60 | 262.50 | 3.90 | 3.28 | ||
INCLUDING | 261.50 | 262.00 | 0.50 | 8.27 | |
265.00 | 270.50 | 5.50 | 11.15 | ||
INCLUDING | 265.50 | 266.20 | 0.70 | 38.50 | |
AND | 266.20 | 266.90 | 0.70 | 14.50 | |
AND | 266.90 | 267.40 | 0.50 | 19.25 | |
273.65 | 275.80 | 2.15 | 7.25 | ||
INCLUDING | 273.65 | 274.15 | 0.50 | 16.50 | |
274.80 | 275.80 | 1.00 | 7.29 | ||
307.75 | 309.00 | 1.25 | 73.32 | ||
INCLUDING | 308.40 | 309.00 | 0.60 | 150.00 | |
319.10 | 319.70 | 0.60 | 8.47 | ||
339.80 | 340.30 | 0.50 | 3.75 | ||
362.75 | 366.35 | 3.60 | 13.35 | ||
INCLUDING | 362.75 | 363.25 | 0.50 | 31.30 | |
AND | 363.25 | 364.10 | 0.85 | 25.50 | |
AND | 365.75 | 366.35 | 0.60 | 10.65 | |
371.25 | 375.00 | 3.75 | 5.26 | ||
INCLUDING | 371.25 | 371.80 | 0.55 | 15.50 | |
AND | 374.00 | 374.50 | 0.50 | 19.90 | |
381.40 | 381.90 | 0.50 | 3.59 | ||
383.50 | 388.90 | 5.40 | 7.54 | ||
INCLUDING | 384.25 | 384.75 | 0.50 | 7.96 | |
AND | 386.15 | 387.00 | 0.85 | 19.25 | |
AND | 387.00 | 387.70 | 0.70 | 19.90 | |
396.85 | 397.35 | 0.50 | 62.60 | ||
404.70 | 408.10 | 3.40 | 5.17 | ||
INCLUDING | 404.70 | 405.20 | 0.50 | 9.76 | |
AND | 406.30 | 407.10 | 0.80 | 12.15 | |
415.15 | 415.75 | 0.60 | 12.10 | ||
428.75 | 429.30 | 0.55 | 8.12 | ||
446.50 | 448.00 | 1.50 | 4.01 | ||
471.15 | 471.70 | 0.55 | 13.20 | ||
487.25 | 487.75 | 0.50 | 5.75 | ||
490.80 | 495.10 | 4.30 | 5.41 | ||
INCLUDING | 492.65 | 493.25 | 0.60 | 9.73 | |
AND | 493.80 | 494.60 | 0.80 | 12.45 | |
524.90 | 525.40 | 0.50 | 52.90 | ||
559.50 | 560.00 | 0.50 | 5.14 | ||
572.80 | 576.45 | 3.65 | 6.15 | ||
INCLUDING | 572.80 | 573.30 | 0.50 | 16.50 | |
AND | 573.30 | 573.80 | 0.50 | 10.85 | |
AND | 575.85 | 576.45 | 0.60 | 10.40 | |
588.00 | 588.50 | 0.50 | 4.44 | ||
599.00 | 600.50 | 1.50 | 5.37 | ||
INCLUDING | 599.00 | 599.50 | 0.50 | 13.00 | |
608.85 | 609.35 | 0.50 | 10.70 | ||
610.95 | 617.40 | 6.45 | 5.62 | ||
INCLUDING | 610.95 | 611.45 | 0.50 | 5.69 | |
AND | 614.10 | 614.60 | 0.50 | 13.10 | |
AND | 614.60 | 615.10 | 0.50 | 7.18 | |
AND | 615.10 | 615.80 | 0.70 | 21.30 | |
AND | 616.30 | 616.90 | 0.60 | 6.17 | |
CM-21-013 | 60.55 | 61.05 | 0.50 | 16.75 | |
126.90 | 128.30 | 1.40 | 7.95 | ||
166.00 | 178.00 | 12.00 | 4.49 | ||
INCLUDING | 167.50 | 168.65 | 1.15 | 16.90 | |
AND | 169.95 | 171.40 | 1.45 | 6.48 | |
210.00 | 211.50 | 1.50 | 9.69 | ||
255.55 | 265.85 | 10.30 | 6.81 | ||
INCLUDING | 255.55 | 256.10 | 0.55 | 21.30 | |
AND | 258.85 | 260.00 | 1.15 | 11.35 | |
AND | 262.20 | 263.00 | 0.80 | 30.70 | |
276.00 | 276.70 | 0.70 | 5.29 | ||
333.25 | 334.00 | 0.75 | 7.02 | ||
353.50 | 354.40 | 0.90 | 6.22 | ||
371.50 | 373.10 | 1.60 | 7.47 | ||
INCLUDING | 372.45 | 373.10 | 0.65 | 11.70 | |
392.40 | 395.75 | 3.35 | 5.32 | ||
INCLUDING | 392.40 | 393.35 | 0.95 | 7.46 | |
AND | 395.15 | 395.75 | 0.60 | 17.50 | |
474.50 | 475.45 | 0.95 | 8.50 | ||
618.00 | 618.50 | 0.50 | 3.25 | ||
641.50 | 649.40 | 7.90 | 3.17 | ||
INCLUDING | 642.30 | 643.00 | 0.70 | 6.28 | |
AND | 646.30 | 646.80 | 0.50 | 11.35 | |
CM-21-014 | 155.70 | 159.30 | 3.60 | 6.43 | |
INCLUDING | 155.70 | 156.20 | 0.50 | 22.80 | |
AND | 158.80 | 159.30 | 0.50 | 21.80 | |
266.80 | 275.50 | 8.70 | 2.78 | ||
INCLUDING | 266.80 | 267.30 | 0.50 | 20.00 | |
AND | 272.00 | 272.80 | 0.80 | 5.29 | |
AND | 274.20 | 275.50 | 1.30 | 6.31 | |
313.25 | 318.50 | 5.25 | 4.32 | ||
INCLUDING | 313.25 | 314.25 | 1.00 | 14.05 | |
AND | 317.90 | 318.50 | 0.60 | 8.28 | |
CM-21-015 | 66.15 | 82.50 | 16.35 | 3.25 | |
INCLUDING | 68.60 | 69.25 | 0.65 | 11.40 | |
AND | 73.05 | 74.45 | 1.40 | 12.80 | |
AND | 77.10 | 77.60 | 0.50 | 4.21 | |
AND | 77.60 | 78.10 | 0.50 | 12.85 | |
AND | 81.25 | 82.50 | 1.25 | 4.57 | |
110.25 | 110.75 | 0.50 | 29.10 | ||
126.05 | 126.55 | 0.50 | 15.90 | ||
288.75 | 289.25 | 0.50 | 9.88 | ||
293.50 | 294.00 | 0.50 | 24.00 | ||
303.70 | 304.20 | 0.50 | 5.29 | ||
316.70 | 319.35 | 2.65 | 13.67 | ||
INCLUDING | 316.70 | 317.55 | 0.85 | 16.35 | |
AND | 317.55 | 318.05 | 0.50 | 33.90 | |
321.00 | 321.50 | 0.50 | 9.83 | ||
324.50 | 327.75 | 3.25 | 3.48 | ||
INCLUDING | 325.30 | 325.80 | 0.50 | 11.70 | |
AND | 327.25 | 327.75 | 0.50 | 7.22 | |
331.40 | 332.00 | 0.60 | 19.75 | ||
CM-21-016 | 25.00 | 26.10 | 1.10 | 6.09 | |
38.60 | 39.10 | 0.50 | 8.93 | ||
50.65 | 51.30 | 0.65 | 7.47 |
Table 2: Drill Hole Locations and Orientations
HOLE ID | EASTING | NORTHING | ELEV | DIP | AZI | DEPTH (M) |
CM-21-001 | 595545 | 5883877 | 1227 | -45 | 307 | 60 |
CM-21-002 | 595688 | 5883850 | 1267 | -49 | 302 | 366 |
CM-21-003 | 595545 | 5883877 | 1229 | -45 | 307 | 327 |
CM-21-004 | 595666 | 5883770 | 1282 | -45 | 309 | 360 |
CM-21-005 | 595545 | 5883877 | 1228 | -48 | 305 | 471 |
CM-21-006 | 595535 | 5884102 | 1224 | -45 | 308 | 654 |
CM-21-006-1 | 595535 | 5884102 | 1224 | -45 | 308 | 759 |
CM-21-007 | 595666 | 5883770 | 1282 | -48 | 310 | 330 |
CM-21-008 | 595545 | 5883879 | 1229 | -52 | 305 | 546 |
CM-21-009 | 595667 | 5883770 | 1283 | -50 | 303 | 324 |
CM-21-010 | 595666 | 5883769 | 1283 | -51 | 309 | 441 |
CM-21-011 | 595568 | 5884044 | 1225 | -49 | 292 | 333 |
CM-21-012 | 595491 | 5883969 | 1206 | -44 | 328 | 634 |
CM-21-013 | 595491 | 5883969 | 1206 | -50 | 328 | 677 |
CM-21-014 | 595569 | 5884044 | 1225 | -54 | 299 | 567 |
CM-21-015 | 595535 | 5884102 | 1224 | -48 | 317 | 428 |
CM-21-016 | 595569 | 5884044 | 1224 | -62 | 291 | 60 |
Figure 1: Cariboo deposit areas with drill locations.
Figure 1: Cariboo deposit areas with drill locations.
Figure 2: Valley Zone select drilling highlights plan map.
Figure 2: Valley Zone select drilling highlights plan map.
Figure 3: Valley Zone cross section CM-21-012 and CM-21-013 with select highlights
Figure 3: Valley Zone cross section CM-21-012 and CM-21-013 with select highlights
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