Some historical perspective for our deposit-From the Osisko Website:
posted on
Mar 14, 2010 09:13AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
I know Brattymack has reported these historical results before, but they bare repeating now that we seem to have a larger audience. These were all taken directly from the Osisko website starting on page 26 of their archives dating back to 2003.
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.
Results from holes BD2003-01 to BD2003-08 are reported in the table below:
DDH | From (m) | To (m) | Int. (m) | Int. (ft) | Au (g/tonne) | Au (oz/ton) | |
BD2003-01 | 0.60 | 40.83 | 40.23 | 132.0 | 2.82 | 0.08 | |
(including) | 21.81 | 23.66 | 1.85 | 6.1 | 8.47 | 0.25 | |
(including) | 33.38 | 36.32 | 2.94 | 9.6 | 25.50 | 0.74 | (Rico) |
BD2003-02 | 17.30 | 18.10 | 0.80 | 2.6 | 7.21 | 0.21 | |
27.30 | 48.60 | 21.30 | 69.9 | 2.68 | 0.08 | ||
(including) | 27.30 | 27.60 | 0.30 | 1.0 | 81.80 | 2.39 | |
(including) | 37.95 | 39.30 | 1.35 | 4.4 | 17.20 | 0.50 | (Rico) |
97.20 | 98.30 | 1.10 | 3.6 | 6.92 | 0.20 | ||
BD2003-03 | 28.70 | 39.20 | 10.50 | 34.5 | 6.30 | 0.18 | |
(including) | 35.60 | 37.90 | 2.30 | 7.5 | 20.70 | 0.60 | (Rico) |
106.4 | 108.0 | 1.60 | 5.2 | 5.20 | 0.15 | ||
BD2003-04 | 4.80 | 18.50 | 13.70 | 44.9 | 1.06 | 0.03 | |
(including) | 15.15 | 15.60 | 0.45 | 1.5 | 11.70 | 0.34 | (Rico |
DDH | From (m) | To (m) | Int. (m) | Int. (ft) | Au (g/tonne) | Au (oz/ton) | |
BD2003-05 | 0.50 | 15.70 | 15.20 | 49.9 | 5.24 | 0.15 | |
(including) | 11.15 | 12.20 | 1.05 | 3.4 | 66.6 | 1.94 | (Rico) |
24.40 | 29.40 | 5.00 | 16.4 | 4.67 | 0.14 | ||
BD2003-06 | 22.80 | 28.05 | 5.25 | 17.2 | 0.94 | 0.03 | |
BD2003-07 | 0.55 | 26.90 | 26.35 | 86.5 | 0.65 | 0.02 | |
47.70 | 58.20 | 10.50 | 34.4 | 1.84 | 0.05 | ||
BD2003-08 | 1.55 | 15.75 | 15.20 | 49.9 | 1.54 | 0.04 | |
33.50 | 38.10 | 5.10 | 16.7 | 4.22 | 0.12 | ||
45.40 | 50.50 | 5.10 | 16.7 | 1.21 | 0.04 |
The Rico vein, which is the main high-grade mineralized structure within the Timmins zone, was again intersected in hole BD2003-19, returning 25.2 g/T Au over a width of 0.90 meters (0.74 oz/t gold over 2.9 ft). The Phase I drill program successfully traced the Rico vein near the surface over a strike length of 100 meters (330 ft). The vein was intersected to a maximum vertical depth of 54 meters (175 ft) at the southwestern end of the Timmins zone (DDH BD2003-13). The vein appears to pinch at a depth of approximately 30 meters (100 ft) at the northeastern end of the Timmins zone in DDH BD2003-14 and BD2003-18.
The weighted average of eleven drill intersections through the Rico vein, diluted over an average width of 2.1 meters (6.9 ft), is 12.86 g/T Au (0.375 oz/t gold). The Rico vein dips steeply to the northwest, and is open at depth, to the northeast and to the southwest.
DDH
|
From-To
(m) |
Interval
(m) |
Interval
(ft) |
Au
(g/T) |
Au
(oz/t) |
BD2003-09
|
14.30-44.75
|
30.45
|
99.9
|
1.35
|
0.04
|
(including)
|
37.50-38.05
|
0.55
|
1.8
|
26.6
|
0.78
|
BD2003-10
|
31.00-32.05
|
1.05
|
3.4
|
3.78
|
0.11 (Rico)
|
60.90-65.85
|
4.95
|
16.2
|
|
5.35
|
0.16
|
(including)
|
64.00-64.50
|
0.5
|
1.6
|
26.7
|
0.78
|
BD2003-11
|
14.70-16.70
|
2
|
6.6
|
11.2
|
0.33 (Rico)
|
50.00-72.30
|
22.3
|
73.2
|
|
0.78
|
0.02
|
BD2003-12
|
78.10-78.60
|
0.5
|
1.6
|
23.5
|
0.69
|
BD2003-13
|
69.10-69.90
|
0.8
|
2.6
|
19.8
|
0.58 (Rico)
|
183.90-185.65
|
1.75
|
5.7
|
|
6.4
|
0.19 (TE)
|
BD2003-14
|
No significant results
|
|
|
|
|
BD2003-15
|
19.25-21.60
|
2.35
|
7.7
|
5.19
|
0.15 (Rico)
|
DDH | From (m) | To (m) | Int. (m) | Int. (ft) | Au (g/T) | Au (oz/t) | |
BD2003-16 | 4.60 | 15.75 | 11.15 | 36.6 | 1.04 | 0.03 | |
BD2003-17 | No significant results | ||||||
BD2003-18 | No significant results | ||||||
BD2003-19 | 14.00 | 20.00 | 6.00 | 19.7 | 4.89 | 0.14 | |
(including) | 17.60 | 18.50 | 0.90 | 2.9 | 25.2 | 0.74 | (Ric |
Osisko Exploration Ltd. (OSK:TSX-V) and Golden Hope Mines (GNH:TSX-V) are pleased to announce that the Phase two drill program has begun on the Bellechasse gold project, Quebec. The 2000 meter (6500 ft.) drill program has two main objectives, which are to extend the high grade Rico structure, as well as the Timmins Extension structure, along strike and at depth. As previously reported, the Phase one drill program successfully traced the Rico structure near the surface over a strike length of 100 meters (330 ft). The vein was intersected to a maximum vertical depth of 54 meters (175 ft) at the southwestern end of the Timmins zone. The weighted average of eleven drill intersections through the Rico structure, diluted over an average width of 2.1 meters (6.9 ft), is 12.86 g/T Au (0.375 oz/t gold).
Now, the funny thing, is on the Osisko website, there seems to be no further mention of anything regarding results from this area. They turned their attention to Malartic shortly after which they owned 100% as opposed to only 50% here with Golden Hope. If anyone finds results from phase 2 drilling, I would be very curious to see them. The main thing here is that it confirms some very good grade for us at timmins and we seem to be confirming that with our latest results. Reading thru Osisko's archives and looking at their share price history, it is hard not to get very excited for what Osisko left behind here...especially since they are back in the area buying claims agressively.
Glorieux