Forward-Looking Statements
Certain statements contained in this press release may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that Osisko expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "scheduled" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur including, without limitation, the continued development of the Upper Beaver project and more specifically the development of the exploration shaft. Although Osisko believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, including, without limitation, that all technical, economical and financial conditions will be met in order to achieve such events qualified by the foregoing cautionary note regarding forward looking statements, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include gold prices, access to skilled consultants, mining development and construction personnel, results of exploration and development activities, Osisko's limited experience with production and mining operations, uninsured risks, regulatory framework and changes, defects in title, availability of personnel, materials and equipment, timeliness of government approvals, actual performance of facilities, equipment and processes relative to specifications and expectations, unanticipated environmental impacts on operations market prices, continued availability of capital and financing and general economic, market or business conditions. These factors are discussed in greater detail in Osisko's most recent Annual Information Form and in the most recent Management Discussion and Analysis filed on SEDAR, which also provide additional general assumptions in connection with these statements. Osisko cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. Osisko believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.
Table 1. Significant Upper Beaver Assay Results (January 2013)
---------------------------------------------------------------------------- From To Interval Cu AuHole # (m) (m) (m) (%) (g/t) Comment----------------------------------------------------------------------------UB12-161W9 1022.0 1024.0 2.0 0.33 5.59 Infill - NC West---------------------------------------------------------------------------- 1096.0 1099.0 3.0 0.56 15.14 Infill - Porphyry Zone West----------------------------------------------------------------------------UB12-161W10 1094.0 1105.0 11.0 0.66 3.19 Infill - Porphyry Zone West----------------------------------------------------------------------------UB12-161W11 1053.0 1067.0 14.0 0.21 2.43 Infill - Porphyry Zone West----------------------------------------------------------------------------including 1053.0 1059.0 6.0 0.37 4.18 Infill - Porphyry Zone West----------------------------------------------------------------------------and 1057.0 1059.0 2.0 0.51 9.33 Infill - Porphyry Zone West----------------------------------------------------------------------------UB12-161W12 968.0 970.0 2.0 trace 5.28 Infill - Porphyry Zone West---------------------------------------------------------------------------- 1038.0 1043.0 5.0 trace 3.64 Infill - Porphyry Zone West----------------------------------------------------------------------------including 1041.0 1042.0 1.0 trace 15.09 Infill - Porphyry Zone West----------------------------------------------------------------------------UB12-250W1 877.0 883.0 6.0 trace 5.64 Exploration - FW East----------------------------------------------------------------------------including 880.0 883.0 3.0 trace 9.70 Exploration - FW East---------------------------------------------------------------------------- 892.0 902.0 10.0 trace 3.43 Exploration - FW East----------------------------------------------------------------------------including 896.3 898.0 1.7 trace 12.28 Exploration - FW East----------------------------------------------------------------------------UB12-250W2 783.0 785.0 2.0 trace 2.87 Exploration - Porphyry Zone East---------------------------------------------------------------------------- 795.0 796.0 1.0 trace 4.52 Exploration - Porphyry Zone East---------------------------------------------------------------------------- 839.0 840.0 1.0 trace 3.53 Exploration - FW East----------------------------------------------------------------------------UB12-254 641.0 667.0 26.0 0.33 3.14 Infill - Porphyry Zone East----------------------------------------------------------------------------including 661.0 667.0 6.0 0.28 9.67 Infill - Porphyry Zone East----------------------------------------------------------------------------and 666.0 667.0 1.0 trace 44.36 Infill - Porphyry Zone East----------------------------------------------------------------------------UB12-254W1 644.0 650.0 6.0 0.20 12.59 Infill - Porphyry Zone East----------------------------------------------------------------------------including 647.0 648.0 1.0 0.38 57.90 Infill - Porphyry Zone East----------------------------------------------------------------------------UB12-257 67.0 86.0 19.0 0.39 0.95 Exploration - West---------------------------------------------------------------------------- 170.0 184.0 14.0 0.17 0.86 Exploration - West---------------------------------------------------------------------------- 224.0 245.0 21.0 0.24 0.73 Exploration - West---------------------------------------------------------------------------- 315.0 340.0 25.0 0.18 0.80 Exploration - West---------------------------------------------------------------------------- 363.0 370.0 7.0 0.17 2.06 Exploration - West----------------------------------------------------------------------------UB12-259 534.0 536.0 2.0 trace 5.86 Infill - NC East---------------------------------------------------------------------------- 591.0 598.0 7.0 trace 1.48 Infill - Porphyry Zone East----------------------------------------------------------------------------UB12-260 60.0 66.0 6.0 0.19 1.06 Exploration - West---------------------------------------------------------------------------- 199.0 200.0 1.0 trace 41.63 Exploration - West---------------------------------------------------------------------------- 293.0 302.0 9.0 0.48 2.46 Exploration - West----------------------------------------------------------------------------including 296.0 298.0 2.0 1.14 9.09 Exploration - West---------------------------------------------------------------------------- 430.0 466.0 36.0 0.23 0.45 Exploration - West---------------------------------------------------------------------------- 649.0 650.0 1.0 trace 8.57 Exploration - West----------------------------------------------------------------------------UB12-262 605.0 608.0 3.0 trace 5.99 Infill - NC West---------------------------------------------------------------------------- 715.0 717.0 2.0 trace 12.94 Infill - NC West---------------------------------------------------------------------------- 785.0 794.0 9.0 0.87 12.80 Infill - Porphyry Zone West----------------------------------------------------------------------------including 791.0 794.0 3.0 1.48 36.77 Infill - Porphyry Zone West----------------------------------------------------------------------------UB12-262W1 762.0 784.7 22.7 0.18 1.92 Infill - Porphyry Zone West---------------------------------------------------------------------------- 787.7 788.8 1.1 0.62 5.69 Infill - Porphyry Zone West----------------------------------------------------------------------------UB12-262W2 693.0 695.0 2.0 trace 5.33 Infill - NC West---------------------------------------------------------------------------- 766.0 779.0 13.0 0.20 16.86 Infill - Porphyry Zone West----------------------------------------------------------------------------including 776.0 778.0 2.0 trace 89.98 Infill - Porphyry Zone West---------------------------------------------------------------------------- 782.0 789.0 7.0 0.12 3.19 Infill - Porphyry Zone West----------------------------------------------------------------------------UB12-262W3 830.0 884.0 54.0 0.60 5.54 Infill - Porphyry Zone West----------------------------------------------------------------------------including 830.0 841.0 11.0 1.89 18.65 Infill - Porphyry Zone West----------------------------------------------------------------------------and 851.0 865.0 14.0 0.40 2.25 Infill - Porphyry Zone West----------------------------------------------------------------------------and 869.0 876.0 7.0 0.42 6.49 Infill - Porphyry Zone West----------------------------------------------------------------------------UB12-263 551.0 567.0 16.0 trace 2.79 Infill - Porphyry Zone West----------------------------------------------------------------------------including 558.0 568.0 10.0 trace 4.05 Infill - Porphyry Zone West----------------------------------------------------------------------------including 560.0 565.0 5.0 trace 7.06 Infill - Porphyry Zone West----------------------------------------------------------------------------UB12-264 153.0 155.0 2.0 trace 2.09 Exploration - West----------------------------------------------------------------------------UB12-265 341.0 342.0 1.0 trace 11.01 Exploration - West---------------------------------------------------------------------------- 561.0 565.0 4.0 0.11 6.16 Exploration - West----------------------------------------------------------------------------UB12-266 331.0 332.0 1.0 trace 2.32 Exploration - East----------------------------------------------------------------------------UB12-267 579.0 580.0 1.0 trace 10.35 Infill - Porphyry Zone East----------------------------------------------------------------------------UB12-268 618.0 624.0 6.0 0.26 0.88 Exploration - West----------------------------------------------------------------------------UB12-269 568.0 569.0 1.0 trace 5.07 Exploration - West---------------------------------------------------------------------------- 575.0 576.0 1.0 0.37 5.35 Exploration - West---------------------------------------------------------------------------- 803.0 804.0 1.0 trace 10.46 Exploration - West----------------------------------------------------------------------------UB12-269W1 580.0 582.0 2.0 0.15 3.29 Exploration - West---------------------------------------------------------------------------- 592.0 596.0 4.0 trace 27.66 Exploration - West---------------------------------------------------------------------------- 830.0 832.0 2.0 trace 3.45 Exploration - West----------------------------------------------------------------------------UB12-270 227.0 231.0 4.0 trace 4.77 Exploration - East----------------------------------------------------------------------------including 228.0 229.0 1.0 trace 15.19 Exploration - East----------------------------------------------------------------------------UB12-271 19.0 22.0 3.0 trace 1.36 Exploration - East---------------------------------------------------------------------------- 31.0 32.0 1.0 trace 6.61 Exploration - East----------------------------------------------------------------------------UB12-272 638.0 639.0 1.0 trace 1.92 Exploration - East---------------------------------------------------------------------------- 741.9 743.0 1.1 trace 4.01 Exploration - East----------------------------------------------------------------------------UB12-274 198.0 199.0 1.0 trace 18.24 Exploration - East---------------------------------------------------------------------------- 244.0 249.0 5.0 trace 2.17 Exploration - East----------------------------------------------------------------------------
NOTE: True widths are interpreted based on drill-hole intercepts and interpreted orientations of intersected lithologies and are estimated at 65-80% of the core length interval. Assays are uncut. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Holes UB12-258, UB12-261 and UB12-273 intersected no significant value. NC=North Contact Zone, FW=Footwall Zone.
Contacts:
John Burzynski
Vice-President Corporate Development
(416) 363-8653
www.osisko.com
Sylvie Prud'homme
Director of Investor Relations
(514) 735-7131
Toll Free: 1-888-674-7563
