Osisko Development Intersects 19.81 g/t Au over 9.80 meters at Cariboo Gold Project, Shaft Zone
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 19.81 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 24.55 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 101.00 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
Tel: 514-299-4926
In Europe:
Swiss Resource Capital AG
Jochen Staiger
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 forward‐looking 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 forward‐looking statements. Forward‐looking 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 forward‐looking statements. Information contained in forward‐looking 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
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296
459
IM-21-181
594739
5884566
1366
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123
582
IM-21-182
594994
5884377
1299
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137
594
IM-21-183
594580
5884261
1421
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301
309
IM-21-184
594916
5884371
1335
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140
450
IM-21-185
594794
5884335
1377
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304
234
IM-21-186
594580
5884261
1421
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306
330
IM-21-187
594607
5884623
1378
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135
819
IM-21-188
594794
5884334
1378
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300
513
IM-21-189
594580
5884260
1421
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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
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125
606
IM-21-193
594582
5884261
1421
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135
322
IM-21-194
594582
5884260
1421
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138
360
IM-21-195
594795
5884335
1374
-55
300
489
IM-21-196
594739
5884566
1367
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126
70
IM-21-197
594794
5884333
1378
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298
459
IM-21-198
594915
5884370
1334
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145
543
IM-21-199
594739
5884566
1366
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126
738
IM-21-200
594582
5884260
1421
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141
321
IM-21-201
594995
5884376
1302
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121
633
IM-21-202
594792
5884330
1382
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300
30
IM-21-203
594796
5884333
1376
-54
300
426