Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Lets take it back 7 years...for fun.

Lets take it back 7 years...for fun.

posted on Feb 01, 2010 11:41PM
For something to do, I went into Osisko's Press Archives to read about their previous relationship with GNH. I was surprised at how intense it was. It appeared that OSK was loving GNH back in the day. They were dating long before Osisko became the superstar it is, and Goldenhope became the talented cast-off that everybody forgot about. The people and times are different now.


Check out the excerpts from this one, in July of 2003. Bulk pit sampling of 8.0 g/t?! I don't get it. Either this is the best kept secret going or I am a complete idiot. I'm willing to accept either scenario....


July 29, 2003
DRILLING BEGINS ON BELLECHASSE GOLD PROPERTY

Osisko Exploration Ltd. (TSX Venture-OSK) is pleased to announce that a 2000 meter (6560 ft) drill program has begun on the Bellechasse gold project, located in southern Quebec, approximately 100 km (62 miles) southeast of Quebec City. The drill program will focus on the Timmins Zone, a near surface gold-bearing vein stockwork that is exposed over a 120 x 80 meter (394 x 262 ft) area.

The Timmins Zone was discovered in the early 1950's. Mineralization is hosted by quartz-carbonate veins with an average of 2% sulfides, locally comprising coarse grained free gold. Previous work included ground geophysics, drilling and bulk pit sampling in the 1960's, trenching and sampling in 1975, and ground geophysics, stripping, surface sampling and limited drilling during the period 1986-1991. The average gold content of 520 surface grab samples collected from the Timmins zone (1960 to 1991) is 8.0 g/t Au (0.26 oz/t Au), using fire assay or metallic sieve analyses. Several bonanza-grade surface samples (395 g/t to 1836 g/t Au, or 12.7 to 59.0 oz/t Au) were collected from veins showing visible gold. Bulk samples taken in the 1960's from 3 pits excavated in selected veins produced a weighted average of 16.9 g/t Au (0.54 oz/t Au) from a total of 39.3 metric tons (43 short tons) of material.

Records of past drilling in the Timmins Zone report erratic gold values from partial assaying of drill core. Approximately 75% of the core drilled in the previous programs was not assayed. An independent evaluation of previous work commissioned by Osisko indicates that the incomplete sampling and inadequate analytical methods severely handicapped previous grade evaluations. Osisko management believes that it is likely that the gold content of the deposit has been underestimated.

http://www.osisko.com/en/press/2003/07/29/6/drilling-begins-on-bellechasse-gold-property.html

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Feb 02, 2010 02:34PM
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