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Osisko Development Intersects 19.81 g/t Au over 9.80 meters at Cariboo Gold Project, Shaft Zone

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MONTREAL, June 22, 2022 – Osisko Development Corp. (“Osisko Development” or the “Company” - https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/) is pleased to announce the remaining and final drilling results from the 2021 exploration and category conversion drill campaign of its Cariboo Gold Project (“Cariboo”) in central British Columbia.

Summary

  • Results released below are from holes IM-21-155 to IM-21-203. Figures 1 and 2 illustrate drillhole location maps.
  • A total of 60,272 meters were drilled in 163 holes at the Shaft Zone on Island Mountain in 2021. A total of 10,355 m were drilled in 40 holes at Mosquito Creek on Island Mountain. The final Mosquito Results were reported in a news release on December 7, 2021.
  • All holes reported were collared on Shaft Zone, and six holes intersected the Valley Zone deposit at depth, on the east side of the Jack of Clubs fault. See Figure 2 for deposit outlines and Table 1 for detailed results.
  • Shaft Zone highlights include 81 g/t Au over 9.80 meters in hole IM-21-184 including a high grade sample of 193.00 g/t Au over 0.90 meter.
  • Drillhole IM-21-201, collared on Shaft Zone, but drilling through to Valley zone at a depth of 391 meters down hole (250 meters from surface) intersected a mineralized vein corridor at Valley that assayed 55 g/t Au over 9.65 meters including a high grade sample of 224.00 g/t Au over 0.55 meters.
  • Additional high grade samples include 00 g/t Au over 0.50 meter, 159.00 g/t Au over 0.55 meter, 105.00 g/t Au over 0.50 meter, 104.00 g/t Au over 0.50 meter, 130.00 g/t Au over 0.80 meter, 102.50 g/t Au over 0.55 meter and 187.00 g/t Au over 0.60 meter.
  • The drill results show continuity of vein corridors from Shaft Zone to Valley Zone along the south east of Shaft, at depth and down plunge into Valley Zone. The Shaft and Valley Zones are separated by the Jack of Clubs fault however mineralized vein corridors are continuous across the fault within the prospective sandstone unit.
  • Detailed drilling results and a drill hole location plan map are presented at the end of this release.

Assay Highlights

· 85.35 g/t Au over 1.00 meter in hole IM-21-155 including

· 101.00 g/t Au over 0.50 meter

· 18.80 g/t Au over 6.70 meters in hole IM-21-159 including

· 159.00 g/t Au over 0.55 meter

· 39.87 g/t Au over 1.65 meters in hole IM-21-159 including

· 53.50 g/t Au over 1.15 meters

· 33.44 g/t Au over 2.10 meters in hole IM-21-161 including

· 75.80 g/t Au over 0.90 meter

· 10.22 g/t Au over 7.90 meters in hole IM-21-165

· 12.35 g/t Au over 5.50 meters in hole IM-21-166 including

· 105.00 g/t Au over 0.50 meter

· 65.90 g/t Au over 0.90 meter in hole IM-21-166

· 21.14 g/t Au over 5.70 meters in hole IM-21-170 including

· 104.00 g/t Au over 0.50 meter

· 37.76 g/t Au over 2.00 meters in hole IM-21-171 including

· 91.20 g/t Au over 0.70 meter

· 10.09 g/t Au over 5.00 meters in hole IM-21-171

· 54.04 g/t Au over 1.25 meters in hole IM-21-174 including

· 85.50 g/t Au over 0.75 meter

· 12.93 g/t Au over 4.75 meters in hole IM-21-176

· 14.10 g/t Au over 7.80 meters in hole IM-21-176

· 23.61 g/t Au over 5.80 meters in hole IM-21-176 including

· 130.00 g/t Au over 0.80 meter

· 30.43 g/t Au over 2.05 meters in hole IM-21-178

· 16.14 g/t Au over 3.35 meters in hole IM-21-181

· 26.94 g/t Au over 2.40 meters in hole IM-21-182 including

· 102.50 g/t Au over 0.55 meter

· 19.81 g/t Au over 9.80 meters in hole IM-21-184 including

· 193.00 g/t Au over 0.90 meter

· 58.60 g/t Au over 1.00 meter in hole IM-21-185

· 20.04 g/t Au over 4.75 meters in hole IM-21-190

· 40.70 g/t Au over 1.50 meters in hole IM-21-191

· 71.85 g/t Au over 2.05 meters in hole IM-21-192 including

· 187.00 g/t Au over 0.60 meter

· 24.55 g/t Au over 9.65 meters in hole IM-21-201 including

· 224.00 g/t Au over 0.55 meter and

· 68.90 g/t Au over 1.15 meters

 

Maggie Layman, Vice President of Exploration of Osisko Development commented: “We are pleased to report the remaining drill results from our 2021 exploration and category conversion drill campaign. The Shaft Zone and the Valley Zone are separated by the Jack of Clubs fault, a brittle fault structure striking north east and dipping approximately 50 degrees to the west. The 2021 drill campaign indicated vein corridors continuous on both sides of the fault and mineralized zones within the fault, indicating that the Shaft Zone vein corridors continue down plunge within the sandsone and are currently modelled to a depth of 560 meters from surface. The mineralized system remains open down plunge within the sandstone.”

Vein corridors are defined as high-density networks of mineralized quartz veins within the axis of the deposit’s last folding event. These mineralized structures are predominantly hosted within a brittle meta-sandstone or calcareous meta-sandstone. Vein corridors are modelled at a minimum thickness of 2.00 meters and average approximately 4.50 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 vein selvages.

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 and drill hole locations are listed in Table 2.

Figure 1: Cariboo Gold Project areas overview map (mineralized zones are shown in red)

Figure 2: Shaft and Valley Zone select drilling highlights

Qualified Persons

Per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, P.Geo. Vice President Exploration of Osisko Development Corp., is a Qualified Person and has prepared, validated, and approved the technical and scientific content of this news release.

 

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 Wells, BC. Numbered security tags are applied to lab shipments for chain of custody requirements. Quality control (“QC”) samples are inserted at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd.

Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed, and 250 grams is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (“AAS”) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 1,000g screen metallic fire assay. A selected number of samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (“ICP-AES”) and Inductively Coupled Plasma Mass Spectroscopy (“ICP-MS”).

About Osisko Development Corp.

Osisko Development Corp. is uniquely positioned as a premier gold development company in North America to advance the Cariboo Gold Project and other properties in the USA and Mexico, with the objective of becoming the next mid-tier gold producer. The Cariboo Gold Project, located in central British Columbia, Canada, is Osisko Development's flagship asset. The considerable exploration potential at depth and along strike distinguishes the Cariboo Gold Project relative to other development assets. Osisko Development's project pipeline is complemented by its interest in the San Antonio gold project, located in Sonora, Mexico and the Trixie gold test mine, located in Utah, U.S.A.

 

For further information about Osisko Development (ODV: TSX-V, NYSE), please visit www.osiskodev.com or contact Osisko Development Corp.:

Jean Francois Lemonde

VP Investor Relations

[email protected]

Tel: 514-299-4926

In Europe:

Swiss Resource Capital AG

Jochen Staiger

[email protected]

www.resource-capital.ch

 


Forward-looking Statements

Certain statements contained in this news release may be deemed "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. These forwardlooking statements, by their nature, require Osisko Development to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forwardlooking statements. Forwardlooking statements are not guarantees of performance. Words such as "may", "will", "would", "could", "expect", "believe", "plan", "anticipate", "intend", "estimate", "continue", or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forwardlooking statements. Information contained in forwardlooking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management's perceptions of historical trends, current conditions and expected future developments, results of further exploration work to define and expand mineral resources, and that the deposit remains open for expansion at depth and down plunge, as well as other considerations that are believed to be appropriate in the circumstances, and any other information herein that is not a historical fact may be "forward looking information". Material assumptions also include, management's perceptions of historical trends, current conditions and expected future developments, results of further exploration work to define or expand any mineral resources, as well as other considerations that are believed to be appropriate in the circumstances. Osisko Development considers its assumptions to be reasonable based on information currently available, but cautions the reader that their assumptions regarding future events, many of which are beyond the control of Osisko Development, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect Osisko Development and its business. Such risks and uncertainties include, among others, risks relating to capital market conditions, the ability to continue current production, regulatory framework, the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management's geological modelling; the ability of to complete further exploration activities, including drilling; property and stream interests in the Project; the ability of the Company to obtain required approvals; the results of exploration activities; risks relating to exploration, development and mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions and the responses of relevant governments to the COVID-19 outbreak and the effectiveness of such responses. Readers are urged to consult the disclosure provided under the heading "Risk Factors" in the Company's annual information form for the year ended December 31, 2021, as amended, which has been filed on SEDAR (www.sedar.com) under Osisko Development's issuer profile and on the SEC's EDGAR website (www.sec.gov), for further information regarding the risks and other factors applicable to the exploration results. Although the Company's believes the expectations conveyed by the forward-looking statements are reasonable based on information available at the date of preparation, no assurances can be given as to future results, levels of activity and achievements. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

 


 

Table 1: Cariboo Gold Project 2021 Length Weighted Drill Hole Gold Composites

 

HOLE ID

 

FROM (M)

TO (M)

LENGTH (M)

AU (G/T)

MINERAL ZONE

IM-21-155

272.00

273.00

1.00

85.35

Shaft

 

Including

272.50

273.00

0.50

101.00

 
 

392.90

393.70

0.80

7.56

Valley

 

399.50

401.30

1.80

4.56

 
 

Including

399.50

400.00

0.50

11.05

 
 

443.15

445.20

2.05

11.78

 
 

Including

443.15

443.75

0.60

21.70

 
 

and

444.70

445.20

0.50

22.10

 
 

450.15

450.65

0.50

8.95

 
 

455.80

457.20

1.40

33.13

 
 

Including

455.80

456.65

0.85

43.50

 
 

503.25

504.15

0.90

4.63

 
  

530.50

531.00

0.50

6.72

 

IM-21-156

No Significant Assays

  

 

Shaft

IM-21-157

 

179.35

180.55

1.20

6.88

Shaft

 

Including

179.35

180.05

0.70

10.85

 
  

239.65

240.25

0.60

3.90

 

IM-21-158

 

100.10

101.30

1.20

17.65

Shaft

IM-21-159

 

47.70

50.20

2.50

3.70

Shaft

 

Including

48.20

48.70

0.50

9.89

 
 

101.00

101.50

0.50

4.76

 
 

124.40

124.90

0.50

4.84

 
 

137.25

137.90

0.65

5.22

 
 

154.20

154.70

0.50

10.55

 
 

163.70

164.20

0.50

15.65

 
 

185.00

191.70

6.70

18.80

 
 

Including

187.00

187.85

0.85

14.90

 
 

and

187.85

188.40

0.55

159.00

 
 

and

189.50

190.00

0.50

12.70

 
 

and

190.50

191.70

1.20

12.60

 
 

265.85

266.35

0.50

5.13

 
 

330.40

330.90

0.50

6.81

 
 

341.65

344.95

3.30

13.25

 
 

Including

341.65

342.70

1.05

38.70

 
 

and

344.45

344.95

0.50

5.76

 
 

364.85

366.50

1.65

39.87

 
 

Including

364.85

366.00

1.15

53.50

 
 

403.40

406.00

2.60

5.99

 
 

Including

405.00

405.50

0.50

13.15

 
  

409.90

413.00

3.10

3.87

 

IM-21-160

 

212.00

212.85

0.85

32.70

Shaft

 

247.35

248.10

0.75

5.28

 
 

258.85

263.00

4.15

5.23

 
 

Including

259.35

260.05

0.70

20.60

 
 

282.70

284.75

2.05

13.48

 
 

Including

282.70

283.55

0.85

21.40

 
 

293.45

294.05

0.60

6.14

 
 

298.20

308.35

10.15

3.88

 
 

Including

298.20

298.70

0.50

11.70

 
 

and

303.35

304.70

1.35

8.56

 
 

and

306.00

306.50

0.50

6.61

 

IM-21-161

 

23.70

24.25

0.55

21.30

Shaft

 

154.30

154.80

0.50

4.23

 
 

161.00

164.70

3.70

6.95

 
 

Including

162.80

163.30

0.50

10.65

 
 

and

163.30

164.10

0.80

11.50

 
 

170.75

171.70

0.95

11.10

 
 

179.50

182.25

2.75

3.79

 
 

Including

180.15

180.95

0.80

5.56

 
 

and

181.70

182.25

0.55

6.40

 
 

200.80

202.90

2.10

33.44

 
 

Including

200.80

201.70

0.90

75.80

 
 

224.20

225.30

1.10

8.60

 
 

Including

224.70

225.30

0.60

13.75

 
 

249.50

250.00

0.50

5.55

 
 

288.05

288.55

0.50

22.30

 
 

343.00

343.50

0.50

11.15

 
 

357.00

357.50

0.50

24.60

 
  

362.50

363.00

0.50

7.23

 

IM-21-162

 

167.20

168.00

0.80

6.91

Shaft

 

182.50

183.00

0.50

5.33

 
 

228.50

229.00

0.50

9.71

 
 

264.60

266.25

1.65

3.49

 
 

Including

264.60

265.15

0.55

7.72

 
 

278.60

280.00

1.40

8.59

 
 

Including

278.60

279.40

0.80

13.10

 

IM-21-163

 

276.00

276.50

0.50

80.00

Shaft

 

352.00

353.20

1.20

22.75

 
 

Including

352.00

352.70

0.70

34.60

 
 

401.85

408.00

6.15

5.38

 
 

Including

403.40

403.90

0.50

9.38

 
 

448.30

448.95

0.65

3.74

 
 

473.20

480.00

6.80

4.72

 
 

Including

475.00

475.80

0.80

7.30

 
 

and

477.20

478.30

1.10

14.40

 
 

506.05

506.55

0.50

30.20

 
 

529.25

529.75

0.50

36.60

 
  

559.85

560.60

0.75

6.32

 

IM-21-164

Hole Abandoned

   

 

 

IM-21-165

 

135.20

136.00

0.80

11.00

Shaft

 

158.30

166.20

7.90

10.22

 
 

Including

158.30

158.80

0.50

7.24

 
 

and

159.50

160.10

0.60

79.50

 
 

and

162.60

163.10

0.50

32.60

 
 

and

164.80

165.50

0.70

9.31

 
 

169.70

170.70

1.00

12.65

 
 

173.70

175.50

1.80

8.70

 
 

Including

174.70

175.50

0.80

15.90

 
 

186.00

190.00

4.00

10.16

 
 

Including

187.00

188.50

1.50

24.40

 
 

236.30

236.80

0.50

5.80

 
 

259.40

260.40

1.00

7.93

 
 

325.90

326.40

0.50

3.33

 
 

335.50

336.00

0.50

3.36

 
 

341.50

343.20

1.70

3.13

 
 

369.20

372.40

3.20

4.11

 
 

Including

369.20

369.90

0.70

7.50

 
 

and

370.40

370.90

0.50

9.06

 

IM-21-166

 

13.75

14.35

0.60

30.90

Shaft

 

69.00

70.20

1.20

14.40

 
 

112.50

115.00

2.50

11.72

 
 

Including

113.00

113.50

0.50

16.65

 
 

and

114.50

115.00

0.50

40.70

 
 

120.00

120.50

0.50

3.38

 
 

137.00

137.50

0.50

4.72

 
 

142.70

148.20

5.50

12.35

 
 

Including

143.20

143.70

0.50

105.00

 
 

and

143.70

144.30

0.60

7.55

 
 

and

147.20

147.70

0.50

14.00

 
 

157.75

158.25

0.50

8.95

 
 

165.50

166.30

0.80

5.16

 
 

177.65

180.50

2.85

4.49

 
 

Including

177.65

179.10

1.45

8.21

 
 

191.00

191.90

0.90

65.90

 
 

233.25

234.45

1.20

19.30

 
 

239.50

240.50

1.00

3.32

 
 

249.75

251.40

1.65

19.68

 
 

Including

249.75

250.25

0.50

53.80

 
 

and

250.90

251.40

0.50

10.70

 
 

331.50

332.00

0.50

4.59

 
 

347.60

348.10

0.50

14.35

 
 

352.55

356.05

3.50

5.17

 
 

Including

354.00

354.75

0.75

17.70

 
 

357.70

358.20

0.50

3.29

 
 

374.20

375.75

1.55

4.23

 
 

Including

374.95

375.75

0.80

6.13

 

IM-21-167

 

237.60

238.30

0.70

31.50

Shaft

 

252.00

253.15

1.15

3.97

 
 

265.95

266.45

0.50

13.95

 
 

294.30

294.80

0.50

4.49

 
 

299.00

299.50

0.50

11.00

 
 

342.10

342.60

0.50

5.21

 
 

361.40

362.30

0.90

3.76

 
  

407.55

408.20

0.65

7.08

 

IM-21-168

 

101.30

102.40

1.10

10.55

Shaft

 

110.90

114.20

3.30

7.58

 
 

Including

110.90

111.60

0.70

30.00

 
 

and

113.70

114.20

0.50

7.75

 
 

176.65

177.70

1.05

18.81

 
 

Including

176.65

177.20

0.55

34.20

 
 

188.50

189.50

1.00

5.36

 
 

Including

188.50

189.00

0.50

8.73

 
 

206.50

207.00

0.50

3.68

 
 

222.45

223.45

1.00

7.70

 
 

Including

222.95

223.45

0.50

14.30

 

IM-21-169

 

58.40

59.90

1.50

3.93

Shaft

 

Including

59.40

59.90

0.50

9.28

 
 

113.00

115.50

2.50

4.46

 
 

Including

113.00

113.50

0.50

10.95

 
 

and

115.00

115.50

0.50

8.96

 
 

142.50

143.20

0.70

3.77

 
 

149.25

150.85

1.60

7.97

 
 

Including

149.25

149.85

0.60

13.50

 
 

and

150.35

150.85

0.50

9.27

 
 

156.50

157.50

1.00

4.61

 
 

Including

157.00

157.50

0.50

8.22

 
 

184.80

186.30

1.50

4.99

 
 

198.00

198.90

0.90

4.55

 
 

229.00

229.55

0.55

3.76

 
 

253.10

254.45

1.35

4.05

 
 

334.30

335.90

1.60

12.64

 
 

Including

334.80

335.30

0.50

14.35

 
 

and

335.30

335.90

0.60

19.60

 

IM-21-170

 

177.45

177.95

0.50

5.60

Shaft

 

272.85

273.55

0.70

7.84

 
 

278.00

278.50

0.50

77.10

 
 

337.70

338.20

0.50

22.20

 
 

341.10

342.70

1.60

5.26

 
 

Including

341.10

341.70

0.60

8.41

 
 

355.40

355.90

0.50

4.12

 
 

361.00

362.00

1.00

12.85

 
 

382.00

387.70

5.70

21.14

 
 

Including

383.10

383.60

0.50

47.50

 
 

and

385.00

385.55

0.55

25.50

 
 

and

385.55

386.10

0.55

22.30

 
 

and

386.60

387.10

0.50

104.00

 
 

399.30

400.00

0.70

5.65

Valley

 

406.40

407.60

1.20

27.20

 
 

412.25

413.40

1.15

16.07

 
 

Including

412.25

412.90

0.65

22.40

 
 

417.50

418.00

0.50

3.23

 
 

439.90

441.90

2.00

24.41

 
 

Including

439.90

440.40

0.50

43.60

 
 

and

440.40

440.90

0.50

19.60

 
 

and

440.90

441.40

0.50

32.60

 
 

470.70

471.80

1.10

9.14

 
 

Including

470.70

471.20

0.50

16.40

 
 

497.30

497.80

0.50

3.67

 
  

560.00

561.10

1.10

3.07

 

IM-21-171

 

348.60

349.10

0.50

17.90

Shaft

 

374.75

379.50

4.75

5.11

 
 

Including

374.75

375.30

0.55

21.40

 
 

and

378.85

379.50

0.65

14.00

 
 

430.00

430.60

0.60

4.09

 
 

473.30

474.20

0.90

4.60

 
 

491.90

492.90

1.00

3.58

 
 

Including

492.40

492.90

0.50

4.57

 
 

496.35

496.85

0.50

4.32

 
 

500.70

501.40

0.70

3.77

 
 

527.50

528.30

0.80

4.37

 
 

602.90

603.40

0.50

3.49

 
 

623.70

624.30

0.60

44.20

 
 

637.00

637.70

0.70

19.50

 
 

662.00

664.00

2.00

37.76

 
 

Including

662.00

662.70

0.70

91.20

 
 

676.80

677.80

1.00

6.11

 
 

Including

677.30

677.80

0.50

10.15

 
 

723.00

728.00

5.00

10.09

 
 

Including

723.00

724.20

1.20

19.70

 
 

and

726.80

727.40

0.60

28.20

 

IM-21-172

 

219.95

220.45

0.50

18.45

Shaft

 

289.50

293.35

3.85

7.15

 
 

Including

291.00

291.75

0.75

11.25

 
 

and

292.30

292.85

0.55

10.85

 

IM-21-173

 

122.50

123.00

0.50

4.43

Shaft

 

177.25

177.75

0.50

32.00

 
 

285.80

286.80

1.00

16.72

 
 

Including

285.80

286.30

0.50

28.60

 

IM-21-174

 

114.45

115.30

0.85

11.50

Shaft

 

323.40

324.00

0.60

7.79

 
 

332.50

333.00

0.50

4.08

 
 

375.80

378.80

3.00

5.10

 
 

Including

377.65

378.80

1.15

11.60

 
 

454.10

454.60

0.50

24.70

 
 

487.80

488.30

0.50

4.61

 
 

492.50

493.75

1.25

54.04

 
 

Including

493.00

493.75

0.75

85.50

 
 

510.00

510.80

0.80

3.87

 
 

598.00

600.65

2.65

5.23

 
 

Including

598.00

598.50

0.50

6.53

 
 

and

599.95

600.65

0.70

14.95

 
 

620.75

621.40

0.65

26.30

 
  

626.30

628.00

1.70

15.45

 

IM-21-175

 

113.55

115.40

1.85

6.22

Shaft

 

Including

113.55

114.30

0.75

12.40

 
 

173.60

174.45

0.85

19.30

 
  

288.00

288.50

0.50

4.34

 

IM-21-176

 

265.25

270.00

4.75

12.93

Shaft

 

Including

265.25

265.80

0.55

34.30

 
 

and

268.00

268.80

0.80

7.61

 
 

and

269.30

270.00

0.70

51.70

 
 

276.00

276.75

0.75

14.00

 
 

295.50

296.75

1.25

8.70

 
 

304.95

306.10

1.15

3.09

 
 

368.00

368.50

0.50

4.67

 
 

382.70

390.50

7.80

14.10

 
 

Including

385.20

385.85

0.65

25.70

 
 

and

385.85

386.35

0.50

13.85

 
 

and

388.45

389.30

0.85

34.80

 
 

and

389.30

389.80

0.50

60.50

 
 

408.20

414.00

5.80

23.61

Valley

 

Including

408.70

409.25

0.55

42.00

 
 

and

410.80

411.60

0.80

130.00

 
 

426.00

430.00

4.00

3.97

 
 

Including

426.00

427.00

1.00

11.05

 
 

and

429.00

430.00

1.00

4.66

 
 

456.00

456.85

0.85

4.01

 
 

469.00

469.50

0.50

4.58

 
 

472.50

473.55

1.05

3.61

 
 

Including

473.00

473.55

0.55

5.87

 

IM-21-177

 

188.50

189.40

0.90

5.44

Shaft

IM-21-178

 

121.55

122.15

0.60

3.41

Shaft

 

284.80

286.85

2.05

30.43

 
 

Including

285.30

285.85

0.55

63.20

 
 

and

286.35

286.85

0.50

47.00

 
 

295.50

297.85

2.35

7.82

 
 

Including

296.65

297.85

1.20

14.00

 
  

329.50

330.00

0.50

5.47

 

IM-21-179

 

154.00

155.25

1.25

6.25

Shaft

 

Including

154.00

154.60

0.60

10.30

 
 

167.15

168.40

1.25

4.33

 
 

Including

167.15

167.90

0.75

6.37

 
 

229.20

230.00

0.80

3.75

 
 

238.85

241.30

2.45

4.43

 
 

Including

239.40

240.00

0.60

13.20

 

IM-21-180

 

102.50

103.00

0.50

3.96

Shaft

 

112.15

115.50

3.35

8.49

 
 

Including

112.15

112.75

0.60

6.46

 
 

and

114.85

115.50

0.65

36.20

 
 

128.35

130.25

1.90

8.83

 
 

Including

128.35

128.85

0.50

31.20

 
 

137.25

139.40

2.15

3.43

 
 

Including

138.75

139.40

0.65

8.24

 
 

146.00

146.70

0.70

16.10

 
 

167.00

169.10

2.10

4.08

 
 

Including

167.00

167.75

0.75

10.25

 
 

254.50

255.00

0.50

3.38

 
 

270.50

271.00

0.50

5.75

 
 

351.00

353.15

2.15

8.46

 
 

Including

351.00

352.00

1.00

9.67

 
 

and

352.00

352.50

0.50

15.10

 

IM-21-181

 

168.00

168.50

0.50

5.59

Shaft

 

502.25

503.25

1.00

4.54

 
 

509.65

510.15

0.50

19.90

 
 

512.25

512.75

0.50

4.10

 
 

529.00

532.35

3.35

16.14

 
 

Including

529.00

529.50

0.50

47.00

 
 

and

529.50

531.00

1.50

14.95

 

IM-21-182

 

270.00

272.10

2.10

19.96

Shaft

 

Including

270.00

270.60

0.60

39.70

 
 

and

271.60

272.10

0.50

21.60

 
 

275.00

275.50

0.50

4.02

 
 

290.00

291.80

1.80

5.28

 
 

Including

290.50

291.10

0.60

10.95

 
 

342.65

345.05

2.40

26.94

 
 

Including

342.65

343.45

0.80

10.25

 
 

and

344.50

345.05

0.55

102.50

 
 

366.55

368.40

1.85

3.15

 
 

382.00

383.00

1.00

14.10

 
 

413.10

414.10

1.00

11.42

Valley

 

Including

413.10

413.60

0.50

17.90

 
 

441.00

442.10

1.10

11.09

 
 

Including

441.00

441.60

0.60

16.15

 
 

474.00

474.60

0.60

7.57

 
 

497.80

498.70

0.90

4.55

 
  

505.90

507.00

1.10

15.65

 

IM-21-183

 

113.50

114.00

0.50

10.60

Shaft

 

125.90

126.90

1.00

12.54

 
 

Including

125.90

126.40

0.50

20.70

 
 

169.20

170.55

1.35

10.87

 
 

Including

170.05

170.55

0.50

21.50

 
 

233.90

237.10

3.20

6.37

 
 

Including

235.90

237.10

1.20

10.75

 

IM-21-184

 

71.20

73.10

1.90

10.38

Shaft

 

Including

71.20

72.15

0.95

13.80

 
 

270.50

271.00

0.50

75.70

 
 

278.35

288.15

9.80

19.81

 
 

Including

278.35

279.25

0.90

193.00

 
 

and

283.80

284.30

0.50

25.90

 
 

348.20

348.70

0.50

5.50

 
 

420.00

422.00

2.00

3.55

 
 

Including

420.00

420.70

0.70

7.40

 
  

431.40

432.50

1.10

6.91

 

IM-21-185

 

20.00

21.00

1.00

4.67

Shaft

 

115.50

117.55

2.05

11.63

 
 

Including

116.75

117.55

0.80

29.10

 
 

135.85

136.35

0.50

5.84

 
 

149.60

151.40

1.80

23.90

 
 

Including

149.60

150.80

1.20

34.80

 
 

158.00

159.00

1.00

58.60

 
 

191.90

192.40

0.50

3.06

 
 

194.50

197.90

3.40

11.89

 
 

Including

195.00

196.40

1.40

24.90

 
 

228.00

231.30

3.30

4.45

 
 

Including

228.00

228.60

0.60

7.83

 
 

and

230.80

231.30

0.50

15.30

 

IM-21-186

 

108.25

108.75

0.50

3.03

Shaft

 

224.15

225.85

1.70

3.21

 
 

Including

225.35

225.85

0.50

8.66

 

IM-21-187

 

300.50

301.00

0.50

26.00

Shaft

 

349.40

351.00

1.60

3.86

 
 

386.70

387.20

0.50

40.30

 
 

439.50

440.00

0.50

3.44

 
 

476.00

476.60

0.60

3.51

 
 

550.10

551.50

1.40

7.30

 
 

554.70

555.20

0.50

3.96

 
 

559.10

564.70

5.60

8.42

 
 

Including

559.65

560.25

0.60

29.40

 
 

and

561.10

561.65

0.55

32.00

 
 

573.00

573.50

0.50

4.04

 
 

579.25

581.50

2.25

3.97

 
 

605.00

605.50

0.50

13.80

 
 

611.30

615.20

3.90

8.96

 
 

Including

611.30

611.80

0.50

17.70

 
 

and

611.80

613.10

1.30

14.60

 
 

and

614.60

615.20

0.60

11.30

 
 

619.70

622.00

2.30

9.07

 
 

Including

619.70

620.50

0.80

23.90

 
 

629.30

630.00

0.70

31.50

 
 

639.60

640.30

0.70

63.20

 
 

646.90

649.50

2.60

5.25

 
 

Including

646.90

647.40

0.50

10.80

 
 

679.60

680.10

0.50

3.66

 
 

729.95

730.65

0.70

12.55

 
 

735.75

736.55

0.80

3.64

 
 

748.60

751.00

2.40

18.17

 
 

Including

750.00

750.50

0.50

52.00

 
 

and

750.50

751.00

0.50

21.60

 
 

787.95

791.65

3.70

12.68

 
 

Including

787.95

788.60

0.65

10.05

 
 

and

790.95

791.65

0.70

57.30

 
  

796.70

797.20

0.50

4.73

 

IM-21-188

 

83.50

84.00

0.50

12.90

Shaft

 

114.80

117.85

3.05

10.11

 
 

Including

115.70

116.20

0.50

47.90

 
 

and

117.25

117.85

0.60

8.68

 
 

130.00

131.40

1.40

9.31

 
 

Including

130.85

131.40

0.55

18.20

 
 

139.10

139.70

0.60

3.16

 
 

158.15

158.65

0.50

3.48

 
 

163.75

164.25

0.50

21.20

 
 

177.90

179.00

1.10

4.29

 
 

238.65

239.15

0.50

9.98

 
 

240.35

240.85

0.50

4.24

 
 

261.60

262.10

0.50

3.70

 
 

284.40

284.90

0.50

3.11

 
 

340.00

341.00

1.00

6.76

 
 

Including

340.00

340.50

0.50

10.80

 
 

351.60

352.10

0.50

3.76

 
 

354.70

355.20

0.50

33.80

 
  

394.90

397.40

2.50

3.65

 

IM-21-189

 

116.50

118.00

1.50

3.63

Shaft

 

Including

116.50

117.00

0.50

8.07

 
  

119.00

119.80

0.80

3.70

 

IM-21-190

 

130.35

130.85

0.50

3.58

Shaft

 

219.20

220.20

1.00

3.46

 
 

302.35

303.30

0.95

4.94

 
 

306.15

306.75

0.60

3.76

 
 

320.60

321.30

0.70

3.55

 
 

419.15

423.90

4.75

20.04

 
 

Including

419.15

420.00

0.85

38.00

 
 

and

420.50

421.45

0.95

28.30

 
 

and

421.95

422.45

0.50

29.60

 
 

435.00

435.60

0.60

8.71

 
 

441.95

442.95

1.00

5.94

 
 

Including

442.45

442.95

0.50

9.49

 
 

562.30

562.80

0.50

11.40

 
 

569.60

570.60

1.00

14.20

 
 

572.10

572.60

0.50

5.16

 
 

578.00

580.60

2.60

9.32

 
 

Including

578.00

578.50

0.50

24.60

 
 

and

580.10

580.60

0.50

23.70

 
 

588.50

589.00

0.50

20.40

 
 

594.30

598.70

4.40

7.68

 
 

Including

594.30

595.00

0.70

18.95

 
 

and

597.35

598.00

0.65

27.60

 
 

603.70

604.20

0.50

11.20

 
 

619.00

621.50

2.50

3.21

 
 

Including

620.00

620.80

0.80

6.55

 
 

626.50

628.00

1.50

7.46

 
  

666.00

666.50

0.50

10.90

 

IM-21-191

 

26.00

27.40

1.40

24.50

Shaft

 

137.00

138.50

1.50

40.70

 
 

153.80

154.40

0.60

28.00

 
 

394.00

394.50

0.50

3.52

 
 

425.80

426.30

0.50

4.06

 
 

427.20

427.75

0.55

3.87

 
 

454.20

458.10

3.90

3.92

 
 

Including

456.60

458.10

1.50

7.03

 
 

473.65

474.15

0.50

5.35

 
 

481.00

481.55

0.55

4.07

 
 

508.70

509.20

0.50

9.29

Valley

 

510.00

510.50

0.50

5.58

 
 

513.25

513.75

0.50

4.87

 
  

518.00

518.50

0.50

3.35

 

IM-21-192

 

275.05

277.10

2.05

71.85

Shaft

 

Including

275.05

275.75

0.70

45.90

 
 

and

276.50

277.10

0.60

187.00

 
 

396.00

397.25

1.25

19.79

 
 

Including

396.50

397.25

0.75

31.60

 
 

426.10

426.60

0.50

7.88

 
 

444.50

445.30

0.80

17.80

 
 

460.70

461.50

0.80

12.30

 
 

480.25

481.25

1.00

5.53

 
  

505.80

506.30

0.50

3.37

 

IM-21-193

 

79.35

79.85

0.50

3.62

Shaft

  

306.30

307.15

0.85

3.03

 

IM-21-194

No Significant Assays

  

 

Shaft

IM-21-195

 

60.00

60.50

0.50

31.80

Shaft

 

113.35

113.85

0.50

4.42

 
 

127.75

128.25

0.50

4.35

 
 

135.50

136.00

0.50

42.10

 
 

145.50

146.00

0.50

83.50

 
 

190.60

191.10

0.50

6.26

 
 

195.00

195.50

0.50

14.35

 
 

202.75

205.50

2.75

4.07

 
 

Including

204.25

204.75

0.50

13.35

 
 

265.40

266.40

1.00

7.96

 
 

Including

265.40

265.90

0.50

12.80

 
 

286.70

287.20

0.50

7.62

 
 

325.50

326.00

0.50

25.90

 
 

330.45

330.95

0.50

4.60

 
 

409.50

410.00

0.50

3.23

 
 

420.80

424.70

3.90

3.09

 
 

Including

420.80

421.30

0.50

10.40

 
 

and

424.00

424.70

0.70

9.16

 

IM-21-196

Hole Abondoned

   

 

Shaft

IM-21-197

 

123.00

125.10

2.10

5.60

Shaft

 

Including

123.00

124.10

1.10

7.22

 
 

135.50

137.55

2.05

6.96

 
 

Including

135.50

136.40

0.90

13.00

 
 

141.25

141.75

0.50

4.84

 
 

175.50

176.00

0.50

4.02

 
 

184.00

185.50

1.50

3.01

 
 

209.05

211.70

2.65

3.07

 
 

Including

209.05

210.00

0.95

5.13

 
 

219.50

220.00

0.50

50.00

 
 

398.20

401.45

3.25

9.31

 
 

Including

399.20

399.70

0.50

30.90

 
 

and

400.90

401.45

0.55

21.70

 
  

407.20

408.20

1.00

5.12

 

IM-21-198

 

120.00

120.65

0.65

14.05

Shaft

 

155.90

156.40

0.50

12.55

 
 

160.90

163.00

2.10

5.68

 
 

Including

160.90

161.45

0.55

12.80

 
 

277.95

280.00

2.05

3.13

 
 

Including

279.50

280.00

0.50

6.81

 
 

292.85

295.45

2.60

4.62

 
 

Including

292.85

293.35

0.50

8.66

 
 

and

294.50

295.45

0.95

8.03

 
 

330.20

330.70

0.50

5.48

 
 

349.35

350.00

0.65

48.60

 
 

400.15

405.85

5.70

4.51

 
 

Including

400.15

400.75

0.60

37.50

 
  

455.50

456.50

1.00

10.65

 

IM-21-199

 

275.90

278.20

2.30

6.41

Shaft

 

Including

275.90

276.50

0.60

8.63

 
 

and

277.70

278.20

0.50

19.15

 
 

412.80

414.40

1.60

5.07

 
 

Including

412.80

413.60

0.80

8.89

 
 

426.00

428.60

2.60

10.84

 
 

Including

426.00

427.30

1.30

12.65

 
 

and

427.80

428.60

0.80

14.65

 
 

439.20

441.10

1.90

13.20

 
 

Including

439.20

439.90

0.70

14.75

 
 

and

439.90

440.50

0.60

21.50

 
 

582.50

583.45

0.95

34.80

 
 

604.85

605.35

0.50

22.90

 
 

623.90

624.40

0.50

4.36

 
 

645.50

646.00

0.50

4.23

 
  

692.80

693.40

0.60

4.80

 

IM-21-200

No Significant Assays

  

 

Shaft

IM-21-201

 

187.30

187.80

0.50

6.37

Shaft

 

301.10

302.60

1.50

16.83

 
 

Including

302.10

302.60

0.50

45.70

 
 

356.00

357.00

1.00

18.15

 
 

391.00

400.65

9.65

24.55

 
 

Including

391.00

392.40

1.40

9.04

Valley

 

and

393.80

394.35

0.55

224.00

 
 

and

395.80

396.40

0.60

8.87

 
 

and

397.05

397.95

0.90

14.40

 
 

and

399.50

400.65

1.15

68.90

 
 

423.95

427.05

3.10

4.72

 
 

Including

424.80

425.40

0.60

15.20

 
 

and

426.55

427.05

0.50

6.70

 
 

441.60

442.40

0.80

8.09

 
 

472.20

473.00

0.80

12.05

 
  

483.25

483.75

0.50

4.21

 

IM-21-202

Hole Abondoned

   

 

Shaft

IM-21-203

 

110.85

111.35

0.50

7.32

Shaft

 

121.00

121.50

0.50

4.23

 
 

143.50

145.00

1.50

4.06

 
 

151.50

152.00

0.50

8.06

 
 

189.00

189.50

0.50

14.40

 
 

257.00

257.55

0.55

33.40

 
 

389.60

390.40

0.80

3.17

 
 

395.80

396.75

0.95

6.57

 
  

400.15

401.00

0.85

3.04

 

 

 

 

Table 2: Drill Hole Locations and Orientations

 

HOLE ID

EASTING

NORTHING

ELEV

DIP

AZI

DEPTH (M)

IM-21-155

594995

5884375

1301

-61

127

540

IM-21-156

594287

5884533

1438

-58

142

171

IM-21-157

594580

5884262

1422

-59

333

243

IM-21-158

594671

5884231

1391

-56

154

297

IM-21-159

594796

5884335

1375

-57

306

531

IM-21-160

594579

5884260

1421

-61

325

342

IM-21-161

594673

5884231

1392

-57

322

408

IM-21-162

594579

5884260

1421

-58

316

417

IM-21-163

594995

5884375

1300

-64

127

573

IM-21-164

594673

5884233

1393

-54

322

51

IM-21-165

594673

5884231

1392

-54

322

378

IM-21-166

594796

5884334

1375

-54

305

510

IM-21-167

594580

5884261

1421

-61

332

430

IM-21-168

594672

5884229

1391

-65

298

351

IM-21-169

594795

5884334

1375

-56

303

583

IM-21-170

594994

5884376

1299

-63

131

570

IM-21-171

594649

5884604

1376

-45

132

743

IM-21-172

594672

5884229

1391

-68

307

312

IM-21-173

594579

5884260

1420

-62

319

357

IM-21-174

594697

5884547

1375

-45

125

690

IM-21-175

594672

5884229

1391

-61

302

327

IM-21-176

594994

5884376

1299

-62

135

513

IM-21-177

594580

5884260

1421

-55

315

270

IM-21-178

594916

5884370

1335

-53

141

471

IM-21-179

594580

5884261

1420

-57

306

282

IM-21-180

594795

5884335

1374

-56

296

459

IM-21-181

594739

5884566

1366

-50

123

582

IM-21-182

594994

5884377

1299

-64

137

594

IM-21-183

594580

5884261

1421

-61

301

309

IM-21-184

594916

5884371

1335

-56

140

450

IM-21-185

594794

5884335

1377

-59

304

234

IM-21-186

594580

5884261

1421

-63

306

330

IM-21-187

594607

5884623

1378

-50

135

819

IM-21-188

594794

5884334

1378

-60

300

513

IM-21-189

594580

5884260

1421

-61

297

306

IM-21-190

594738

5884566

1366

-51

135

681

IM-21-191

594915

5884371

1334

-58

140

543

IM-21-192

594995

5884376

1302

-66

125

606

IM-21-193

594582

5884261

1421

-60

135

322

IM-21-194

594582

5884260

1421

-61

138

360

IM-21-195

594795

5884335

1374

-55

300

489

IM-21-196

594739

5884566

1367

-50

126

70

IM-21-197

594794

5884333

1378

-53

298

459

IM-21-198

594915

5884370

1334

-54

145

543

IM-21-199

594739

5884566

1366

-50

126

738

IM-21-200

594582

5884260

1421

-57

141

321

IM-21-201

594995

5884376

1302

-67

121

633

IM-21-202

594792

5884330

1382

-54

300

30

IM-21-203

594796

5884333

1376

-54

300

426

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