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Osisko Metals Inc.
Summary
| Project: | Pine Point | |
|---|---|---|
| Deposit: | East Mill | |
| Location: | Canada | |
| Commodities: | Lead-Zinc | |
| Date: | 10/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-10-2018: Osisko Metals Inc. announces an Exploration/Drilling Update report for its East Mill deposit at the Pine Point project. Drilling results incl. 11.16m @ 5.04% Zn, 1.39% Pb from 27.75m. MONTREAL, Oct. 22, 2018 -- Osisko Metals Incorporated (the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stanley Clemmer (Internal) | |
| ABSTRACT: | MONTREAL, Oct. 22, 2018 -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; FRANKFURT: 0B51) is pleased to announce assay results from 14 drill holes completed at the M-40 deposit at the west end of the East Mill Zone in the Pine Point Mining Camp (“PPMC”). Drill hole M40-18-PP-021 intersected 5.04% Zinc and 1.39% Lead over 11.16 metres and hole M40-18-PP-008 intersected 8.73% Zinc and 3.77% Lead over 3.85 metres. All intersections are within a flat lying tabular-style deposit known as M-40 and all intercepts are located above 45 metre depths. (See 2018 Summer Drill Campaign East Mill Zone M-40). The historical M-40 deposit currently measures 750 metres in strike length with an average mineralized width of approximately 340 metres. It occurs within the East Mill Zone and is located 1.4 kilometres south of the electrical sub-station along a main haul road. The M-40 deposit was mined underground by Cominco and produced 350,870 tonnes of 5.5% Zinc and 2.2% Lead. Cominco Ltd. lists remaining unclassified historic resources of 1.76 million tonnes of 5.4% Zinc and 1.2% Lead at M-40 (not NI43-101 compliant). The East Mill Zone hosts eight deposits containing unclassified historical resources reported by Cominco Ltd. (1988) occurring over 7.6 kilometres. They are located to the east of the electrical substation and adjacent to the main haulage road along its entire length. Additional highlights are listed below in Table 1 and details are provided in Tables 2 & 3. | |
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