74 74 Page 74 By Gregory Reynolds Encouraging diamond drill results has Osisko Mining Inc going ahead with an investigation of extensions of the mineralized zones within the Garrison Gold Project in Northeastern Ontario The ongoing drill program at its 100 owned Garrison located in Garrison T ownship At 35000 metre drill program was designed to further test the known Garrcon Jonpol and 903 Zones with six drill rigs A total of four new holes were report ed in February Signifcant new results included 167 gt Au over 164 metres 852 gt Au over 164 metr es cut and 762 gt Au over 26 metres in OSKG17326 The company said the new results demonstrate the potential to expand the extent of known mineralization in the 903 Zone The ongoing 2017 drill program will continue to investigate extensions of the mineralized zones within the Garrcon Jonpol and 903 Zones OSKG16312 tar geted deep miner alization within the Jonpol Zone by drilling through the Garrcon mineral ized horizon It successfully identifed a new zone of mineralization within the western portion of the Garrcon Zone The new mineralization is hosted within metasedimentary rocks along the south contact of an iron formation and averaged 363 gt Au over 52 metres Osisko is a mineral exploration com pany focused on the acquisit ion ex ploration and development of pre cious metal resource properties in Canada Osisko holds a 100 in the highgrade W indfall Lake gold de posit located between V al dOr and Chibougamau in Quebec and holds a 100 undivided interest in a lar ge area of claims in the surrounding Ur ban Barry area 82400 hectares a 100 interest in the Marban project located in the heart of Quebec s pro lifc Abitibi gold mining district and properties in the Larder Lake Mining Division in Northeast Ontario includ ing the Garrcon and Jonpol zones on the Garrison property the Bufonta 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 fnanced and has approximately 90 million in cash and cash equivalents as well as equity investments of approximately 50 million In T immins Osisko owns the for mer Desantis Mine in Ogden T own ship The mine operated from 1939 to 1942 producing 179000 tonnes at a grade of 651 gt gold The company also owns the Cote Project located 15km south of Kirk land Lake that comprises over 4000 Ha in prospective ground The focus will be to explore for alka line intrusives aligned along the Cath erine fault and to look for Archean high grade vein hosted gold along the Pacaud and Catharine structures The 100 per cent owned W indfall Lake Property is Osisko s key asset in Quebec 12400 ha comprising 285 mineral claims in the Abitibi minerali zed belt Located within the region covered by Quebec s Plan Nord A Preliminary Economic Assess ment study was recently completed with the following parameters 1 1200 tpd under ground mine pro ducing 106kozyear average gold pro duction through an existing ramp 78 year mine life 826 gt head grade Preliminary metallur gical tests of 957 gold recovery using fotation and leaching LOM total gold production of 828 koz Au C558oz total lifeofmine average cash costs A verage mining cost of 76t C2406MM development capital C2414 MM NPV 5 on a pre tax basis C1352MM NPV 5 on a post tax basis 34 years pay back on a pretax ba sis Engineering studies commencing Osisko has an ongoing drill program at its W indfall Lake gold project lo cated in Urban T ownship The current 400000 metre drill pro gram combines defnition drilling above the Red Dog intrusion expan sion drilling above and below Red Dog expansion drilling to the NE of the main deposit and exploration drilling on the greater deposit and Ur banBarry Project area New analytica l results from one drill hole focused on expansion and infll drilling in the L ynx Corridor Signifcant new results includ e 643 gt Au over 23 metres and 194 gt Au over 20 metres in OSKW 16761 W ork on Osisko s Garrison Pr oject leads to positive decision on drilling Page 75 Sudbury Br anch 9 0 Red Deer Lake Road North W ahnapit ae Ont ario P0M 3C0 T 7 0 56 9 459 59