Sunday, April 17, 2016

Oban Mining Corporation - OBM.t

Oban Mining Corporation - OBM.t is advancing the flagship Windfall Lake gold deposit. The high-grade Windfall Lake gold deposit is located between Val-d'Or and Chibougamau in Québec, Canada.



On April 14, 2016 the company released News

"Oban Mining Corporation(OBM:TSX, "Oban" or the "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 ("Red Dog") and expansion drilling above and below Red Dog.

Highlights from 9 new drill holes include: 24.7 g/t Au over 6.8 metres in the extension of DDH EAG-11-254; 5.21 g/t Au over 11.2 metres in DDH OBM-16-609; 18.9 g/t Au over 2.4 metres in DDH OBM-16-616; 6.94 g/t Au over 5.7 metres in DDH OBM-16-617; and 11.2 g/t Au over 3.4 metres in DDH OBM-16-614. The new results continue to demonstrate the lateral and vertical continuity of high grade gold mineralization in Zone 27 and highlights additional new gold mineralization below Red Dog. The table below outlines significant new results(1)(2):
HoleFrom
(m)
To
(m)
Interval
(m)
Au
(g/t)
Zone
EAG-11-254 ext684.1690.96.824.7(3)FW3
including686.5688.72.259.7(3)
OBM-16-605320.0322.02.03.64Caribou Zone
OBM-16-609426.5437.711.25.21Zone 27
OBM-16-61187.091.54.54.44Upper Zone 27
 177.6182.04.43.44Zone 27
including177.6178.50.95.70
OBM-16-613151.0153.22.24.83Caribou Zone
 157.8160.02.24.43Footwall Caribou Zone
OBM-16-6141026.81030.23.411.2New zone between FW1 and FW3
including1029.91030.20.384.9
 1036.71039.02.33.99
OBM-15-61554.557.02.54.35Zone 27
OBM-16-616122.4124.82.418.9FW3
including123.8124.50.737.3
OBM-16-61744.350.05.76.94Zone 27
 
Notes:
         (1) For complete drilling results please see www.obanmining.com.
         (2) True widths are estimated at 65-80% of the reported core length interval. See "Quality Control" below.
         (3) High grade values cut to 100 g/t Au.
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