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Osisko Metals Inc.
Summary
| Project: | Pine Point | |
|---|---|---|
| Deposit: | East Mill Zone | |
| Location: | Canada | |
| Commodities: | Lead-Zinc | |
| Date: | 4/24/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-4-2019: Osisko Metals Inc. announces an Exploration/Drilling Update report for its East Mill Zone deposit at the Pine Point project. Drilling results incl.12.17m @ 8.16% Zn, 1.24% Pb from 41.76m. MONTREAL, April 24, 2019 -- Osisko Metals Incorporated ( | |
| Resources: | (Resource, Inf.): 38.4Mt @ 4.58% Zn, 1.85% Pb | |
| CP/QP: | [Overall Report]: Stanley G. Clemmer (Internal) | |
| ABSTRACT: | MONTREAL, April 24, 2019 -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce assay results from 127 drill holes completed in the M-40 area within the East Mill Zone in the Pine Point Mining Camp (“PPMC”). The objective of the 2018 – 2019 drill program was to convert the Cominco Ltd. unclassified near-surface historical resources into current mineral resources and locally extend known zones of mineralization. These holes were not included in the Mineral Resource Estimate released in December 2018, and they will help to convert Inferred Resources to Indicated category. Highlights include drill hole M40-18-PP-072 that intersected 8.16% Zinc and 1.24% Lead over 12.17 metres from the definition drill program, while exploration drilling outside of mineralized pit-constrained resources returned 6.12% Zinc and 4.31% Lead over 6.00 metres in hole M40-18-PP-128. The M-40 area contains six (6) modeled pits in the reported current mineral resource estimate but also exhibits exploration potential for continuous high-grade mineralization between the modelled pits over a strike length of 1,070 metres. This area was poorly drilled during historical drill programs and geological evidence suggests two parallel tabular deposits to be further explored. Other high-grade intersections are noted in Tables 1 and 2. (See 2018 Fall Drill Campaign East Mill Zone - M-40 Detailed and 2018 Fall Drill Campaign East Mill Zone Regional - M40). All intersections are within a flat-lying tabular-style deposit type and all intercepts are located above 60 metre vertical depth. Composite assay details are provided in Tables 2, and please refer to the augmented press release posted on SEDAR and on the Osisko Metals website for drill hole collar information related to this disclosure. | |
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