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Osisko Metals Inc.
Summary
| Project: | Gilmour South | |
|---|---|---|
| Deposit: | Gilmour South | |
| Location: | Canada | |
| Commodities: | Zinc-Lead-Copper-Silver-Gold | |
| Date: | 11/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-11-2017: Osisko Metals Inc. announces an Exploration/Drilling Update report for its Gilmour South deposit at the Gilmour South project. Drilling results incl. 7.55m @ 11.31% Zn, 2.10% Pb, 0.16% Cu, 20.95g/t Ag, 0.21g/t Au from 592.8m. (Montreal – Novem | |
| Resources: | (historic estimates only) | |
| CP/QP: | [Overall Report]: Robin Adair (Internal) | |
| ABSTRACT: | (Montreal – November 15, 2017) Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; FRANKFURT: OB5) is pleased to announce initial results from its Gilmour South Project located 35 km south west of Bathurst, New Brunswick. Drill hole GS-00-22W1 intersected 11.31% Zn; 2.10% Pb; 0.16% Cu; 20.95g/t Ag and 0.21 g/t Au over 7.55 metres. This drill hole provided insight into the massive sulphide-bearing geological trends present in the Gilmour South area and guided the design of subsequent stepout drilling described below. This drill hole was a close-proximity wedge cut, up-dip from the original drill hole GS-99-22 and was designed to confirm previously-obtained massive sulphide grades for NI43-101 regulation compliance. Jeff Hussey, President and CEO of Osisko Metals, commented: “These are the first drill results from Gilmour South project as we investigate the periphery of the deposit to potentially expand resources. Our exploration team has acquired recent airborne geophysical datasets and has combined them with historical data to develop new interpretations and targets as we move forward.” Location NB Stereographic GS-99-22W1** 2550547E, 7591396N -76o / 091o 592.8 600.4 7.55* 11.31 2.10 0.16 20.95 0.21 Original GS-99-22 597.8 605.4 7.98 9.61 1.02 0.20 32.28 NA Angle / Direction DDH From To Zn % Pb % Au g/t Core Length (m) Cu % Ag g/t 2 The initial objective of the drill program is to increase and upgrade historical resources to comply with NI43-101 regulations (see news releases dated October 19, 2017). A key part of this effort will be to investigate the potential for structural thickening of the high-grade sulphide mineralization that is typically associated to the major deposits in the Bathurst Mining Camp. | |
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