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A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Osisko Mining has announced further infill and expansion results from its Windfall gold project, 200 km northeast of Val-d’Or, which continue to suggest the presence of high-grade mineralization. Intercepts of note include:
“We are very pleased with today’s results from Windfall, especially the continuing high-grade extension in Triple Lynx,” John Burzynski, the company’s president and CEO said in a release. “Drilling continues to deliver positive results and demonstrate the strong continuity of grade inside the known mineralized zones, many of which remain open in at least one direction.”
This latest release includes intercepts from the Lynx, Main and Triple 8 areas. While Lynx and Main are contributors to the company’s current resource inventory, Triple 8 appears to be a new discovery.
The infill results will be incorporated into an updated resource estimate for the project, expected for release in February.
Current resources at Windfall stand at 2.9 million tonnes in the indicated category grading 8.17 g/t gold for a total of 754,000 oz. with additional inferred resources of 10.4 million tonnes at 7.11 g/t gold for a total of 2.4 million oz.
(This article first appeared in the Canadian Mining Journal)
