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Osisko Metals Inc.
Summary
| Project: | Key Anacon | |
|---|---|---|
| Deposit: | Key Anacon | |
| Location: | Canada | |
| Commodities: | Lead-Zinc-Copper-Silver-Gold | |
| Date: | 2/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-2-2019: Osisko Metals Inc. announces an Exploration/Drilling Update report for its Key Anacon deposit at the Key Anacon project. Drilling results incl. 20.70m @ 7.92% Zn, 4.72% Pb, 0.19% Cu, 185.39g/t Ag from 253.40m. MONTREAL, Feb. 07, 2019 -- Osisko M | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Charles Kodors (Internal) | |
| ABSTRACT: | MONTREAL, Feb. 07, 2019 -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; FRANKFURT: OB5) is pleased to announce assay results from 10 drill holes from the Main Zone of its wholly owned Key Anacon project, located 20 km south of the city of Bathurst, New Brunswick. Two drill holes targeted the core of the Main Zone in order to confirm historical drill results. Drill hole KAMZ-18-27 intersected 20.70 metres of massive sulphides grading 7.92% zinc, 4.72% lead, 0.19% copper and 185.39 g/t silver (see Main Zone Longitudinal map and Table 1). Additionally, drill hole KAMZ-18-28 drilled 8.86 metres grading 9.13% zinc, 3.61% lead, 0.01% copper, and 132.87 g/t silver. Jeff Hussey, President and CEO of Osisko Metals, commented: “We are very pleased with the robust grade and continuity of the Main Zone. These drill results continue to demonstrate that the Key Anacon project is one of the best undeveloped assets in the Bathurst Camp. We are in the process of compiling the 22,000m of 2018 drill results in both the Main and Titan Zones. We look forward to releasing a NI43-101 Mineral Resource Estimate in the first quarter of 2019.” About Key Anacon The Key Anacon project is located approximately 20 km south of the town of Bathurst, New Brunswick and 16 km southeast of the former Brunswick No.12 mine. It is accessible by paved roads. The property contains two known Bathurst-type volcanogenic massive sulphide deposits containing zinc, lead, copper and silver. The Key Anacon Main Zone and Titan Zone deposits are situated at the same stratigraphic horizon that hosted the Brunswick No. 12 & No. 6 mines. The property covers approximately 12 kilometres of favorable Nepisiguit Falls stratigraphy that also extends onto the surrounding claims held 100% by Osisko Metals. No mineral resource estimates have been calculated under NI43-101 guidelines. Except for exploration programs conducted in 1992-1993 and 2000, almost all of the drilling was completed in the 1950’s and 60’s, prior to currently required standards for quality assurance and quality control. The earlier drilling led to the establishment of a 460-metre-deep shaft, a ventilation raise, eight levels and three sub-levels at the Main Zone. The Government of New Brunswick, Department of Energy and Resource Development, Energy and Mines Division reports the Main Zone deposit as having a historical resource (Non-NI 43-101 compliant) of 1.87 million tonnes grading 6.93% Zn, 2.63% Pb, 0.16% Cu, and 84 g/t Ag (R. Irrinki, 1988, unpublished) in multiple folded lenses. The deposit is open at depth and along strike. | |
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