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

MONTREAL, June 22, 2022 (GLOBE NEWSWIRE) — Osisko Development Corp. (“Osisko Development” or the “Company”) 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) is available at 

https://www.globenewswire.com/NewsRoom/AttachmentNg/18ec5342-8286-409a-bf9b-d67724c7a853

Figure 2: Shaft and Valley Zone select drilling highlights is available at 

https://www.globenewswire.com/NewsRoom/AttachmentNg/80faba46-f82a-47aa-b69c-13aa30d32185 

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
 

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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