Mar 17 2016
Oban Mining Corporation is pleased to announce new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in Urban Barry Township, Québec. The 55,000 metre drill program combines definition drilling above the Red Dog intrusion and expansion drilling above and below Red Dog.
Highlights from 5 new drill holes include: 7.71 g/t Au over 6.9 metres in the extension of DDH EAG-11-269, 19.00 g/t Au over 3.0 metres in DDH OBM-16-583; 8.43 g/t Au over 4.6 metres including 230.0 g/t Au over 0.3 metres; 5.17 g/t Au over 2.2 metres in DDH OBM-16-593 and 12.85 g/t Au over 4.2 metres in DDH OBM-16-600. The table below outlines significant results from the new drill holes:
| Hole |
From(m) |
To (m) |
Interval (m) |
Au (g/t) |
Zone |
| EAG-11-269 ext |
737.1 |
744.0 |
6.9 |
7.71 |
FW3 below Red Dog |
| Including |
739.7 |
740.7 |
1.0 |
42.10 |
|
| OBM-16-583 |
774.0 |
777.0 |
3.0 |
19.00 |
- |
| including |
776.0 |
777.0 |
1.0 |
55.00 |
|
| OBM-16-593 |
46.4 |
48.6 |
2.2 |
5.17 |
Crustiform vein |
| |
53.0 |
57.6 |
4.6 |
8.43 |
Crustiform vein
cut to 100g/t Au |
| including |
55.3 |
55.6 |
0.3 |
230.0 |
|
| OBM-16-595 |
63.0 |
65.5 |
2.5 |
4.08 |
Main Zone |
| OBM-16-600 |
166.6 |
170.8 |
4.2 |
12.85 |
Zone 27 (hanging wall portion) |
| including |
166.6 |
167.7 |
1.1 |
18.85 |
| and |
169.7 |
170.8 |
1.1 |
23.50 |
| |
178.5 |
182.0 |
3.5 |
3.36 |
Zone 27 (central portion) |
Drill Hole Collar Coordinates and Information:
| Hole Number |
Azimuth(°) |
Dip(°) |
Length (m) |
UTM E |
UTM N |
Section |
| EAG-11-269 ext |
330.0 |
-56.0 |
997.3 |
452471 |
5434647 |
2575 |
| OBM-16-583 |
332.0 |
-55.0 |
802.5 |
451770 |
5434110 |
1700 |
| OBM-16-589 |
330.0 |
-70.0 |
84.0 |
452855 |
5434932 |
3050 |
| OBM-16-590 |
330.0 |
-55.0 |
748.5 |
451730 |
5434180 |
1700 |
| OBM-16-591 |
330.0 |
-59.0 |
120.0 |
452902 |
5434951 |
3100 |
| OBM-16-592 |
330.0 |
-78.0 |
51.0 |
452560 |
5434843 |
2750 |
| OBM-16-593 |
150.0 |
-72.0 |
78.0 |
452607 |
5434863 |
2800 |
| OBM-16-594 |
150.0 |
-78.0 |
150.0 |
452624 |
5434933 |
2850 |
| OBM-16-595 |
150.0 |
-79.0 |
75.0 |
452681 |
5435035 |
2950 |
| OBM-16-596 |
333.0 |
-60.0 |
27.0 |
452854 |
5434571 |
2875 |
| OBM-16-597 |
331.0 |
-51.0 |
277.5 |
452005 |
5434510 |
2100 |
| OBM-16-599 |
331.0 |
-50.0 |
271.5 |
451987 |
5434537 |
2100 |
| OBM-16-600 |
331.0 |
-48.0 |
253.5 |
452030 |
5434562 |
2150 |
Drilling above Red Dog is focused on expanding the known zones and upgrading the level of confidence in the mineral resource. Drilling below Red Dog is focused on testing three major corridors of mineralization and alteration (FW-1, FW-3, FW-4) oriented ENE and dipping steeply to the SE, similar to the known lenses of the Main Zone defined above Red Dog. Some of the deeper holes are designed to test gold mineralization both above Red Dog and the corridors of mineralization and alteration below Red Dog.
EAG-12-269 (section 2575) was extended from 567.2 metres to 997.3 metres to test the FW3 and FW4 lenses below the Red Dog intrusion. The FW3 lens returned 7.71 g/t Au over 6.9 metres in a zone carrying up to 15 percent pyrite and visible gold in a strongly silicified andesite. This new intercept is located between 9.96 g/t Au over 5.8 metres in EAG-11-289 (39 metres down-plunge) and 7.96 g/t Au over 2.1 metres in EAG-13-511 (117 metres up-plunge) This higher grade sector remains open up-plunge where another historical drill hole is currently being extended.
OBM-16-583 (section 1700) targeted the southwest extension of the FW3 lens below the Red Dog intrusion. The FW3 lens was intersected from 689.0 metres to 705.0 metres in a strongly altered porphyry dyke with 2-5% pyrite but did not return any significant results. OBM-16-583 intersected a zone of quartz veining at the contact between a gabbro dyke and a rhyolite assaying 19.0 g/t Au over 3.0 meters.
OBM-16-593 (section 2850) targeted the eastern extension of the Main Zone in an area characterized by high grade crustiform quartz veins. The drill hole intersected two crustiform veins surrounded by silicified and pyritized rhyolite that assayed 5.17 g/t Au over 2.2 metres and 8.43 g/t Au over 4.6 metres, including 230.0 g/t Au over 0.3 metres respectively. The higher grade vein expands by 10 metres down-dip (from 21.43 g/t Au over 1.82 metres in NOT-07-146) a known vein that extends for 100 metres along strike and 50 metres vertically.
OBM-16-595 (section 2950) was targeting the ENE of the modelled Caribou corridor. This drill hole intersected shallow mineralization with 4.08 g/t Au over 2.5 metres in a weakly altered rhyolite containing 2-3% pyrite in stringers.
OBM-16-600 (section 2150) targeted Zone 27 at 120 metres below surface in a relatively untested sector where low-grade gold mineralization was interpreted. This drill hole intersected Zone 27 and returned 12.85 g/t Au over 4.2 metres, including 18.85 g/t Au over 1.1 metres and 23.50 g/t Au over 1.1 metres at the mineralized contact between a gabbro dyke and a rhyolite unit This was followed by 3.36 g/t Au over 3.5 metres in a strongly silicified porphyry dyke containing 5% pyrite in stringers.
Holes OBM-16-589, OBM-16-591, OBM-16-592, and OBM-16-594 were designed to test shallow mineralization in the ENE extension of the Main Zone. Several gold-bearing intervals associated with crustiform quartz veining, were intersected, including: 2.31 g/t Au and 31.17 g/t Ag over 0.9 metres in OBM-16-584, 8.68 g/t Au over 0.4 metres in OBM-16-591 and 9.0 g/t Au over 1.5 metres in OBM-16-594. Drill hole OBM-16-592 did not intersect any significant mineralization. Drill holes OBM-16-590, OBM-16-597, and OBM-16-599 were drilled in the western extension of the Main Zone. OBM-16-599 intersected the extension of Zone 27 with 2.11 g/t gold over 5.6 metres whereas the other two drill holes did not return any significant results. Drill hole OBM-16-596 was abandoned due to technical difficulties.