Osisko Mining – WOW

Canada gold, junior mining companies

Masters of understatement there at Osisko Mining (T.OSK):

WST-18-0025 intersected two intervals in Zone 27: 7.96 g/t Au over 2.0 metres and 2223 g/t Au over 2.0 metres. The first interval contains disseminated pyrite and quartz-carbonate veins within a moderate chlorite and carbonate gabbro. The second interval contains local visible gold, semi-massive pyrite and pyrite-tourmaline stringers hosted in a moderate sericite and silica altered felsic volcanic. WST-18-0025 was drilled from underground drill station AN-140-270-S located 140 metres below surface from section 2575E. link

Now the rest of the holes in the release were not as exciting but virtually all of them had intervals of 10 gpt+ gold.

Apparently, the market was not very excited by nearly 5 pounds per ton of gold over 2 meters. OSK shares traded off $0.18 at $2.90.

Eventually, the market will realize that these sorts of results mean that Osisko Mining is almost certainly going to have a gold mine at its Windfall Lake gold project located in the Abitibi greenstone belt. Potentially a very rich mine.


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