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Osisko Metals Inc.
Summary
| Project: | Pine Point | |
|---|---|---|
| Deposit: | Pine Point | |
| Location: | Canada | |
| Commodities: | Lead-Zinc | |
| Date: | 10/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-10-2018: Osisko Metals Inc. announces an Exploration/Drilling Update report for its Pine Point deposit at the Pine Point project. Drilling results incl. 6.30m @ 12.71% Zn, 6.97% Pb from 25.70m. MONTREAL, Oct. 01, 2018 -- Osisko Metals Incorporated (the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stanley Clemmer (Internal) | |
| ABSTRACT: | MONTREAL, Oct. 01, 2018 -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; FRANKFURT: OB51) is pleased to announce assay results from 9 drill holes completed in the East Mill Zone located in the Pine Point Mining Camp (“PPMC”). Drill hole EM-18-PP-133 intersected 12.71% Zinc and 6.97% Lead (19.68% Lead + Zinc) over 6.30 metres. Three other holes also intersected significant zones of mineralization: hole EM-18-PP-136 intersected 3.96% Zinc and 2.29% Lead (6.25% Lead + Zinc) over 5.33 metres, hole EM-18-PP-147 intersected 6.36% Zinc and 0.80% Lead (7.16% Lead + Zinc) over 7.85 metres, and hole EM-18-PP-148 intersected 7.65% Zinc and 1.33% Lead (8.98% Lead + Zinc)over 8.98 metres All intersections are within a flat lying tabular-style deposit known as L-36 and all intercepts are located above 40 metre vertical depths. (See 2018 Summer Drill Campaign East Mill L-36). The historical L-36 deposit currently measures 800 metres in strike length with an average mineralized width of approximately 120 metres. It occurs within the East Mill Zone that hosts eight historical deposits containing unclassified historical resources reported by Cominco Ltd. (1988). The L-36 deposit is located 1.7 kilometres to the east of the existing electrical sub-station and former mill site along the main haulage road. The East Mill Zone extends 7.6 kilometres to the east of the substation and is adjacent to the main haul road along its entire length. Highlights are listed below in Table 1 and details are provided in Tables 3 & 4. The Company is also pleased to announce additional assay results from 7 drill holes completed in the Central Zone. Drill hole M6263-18-PP-021 intersected 2.47% Zinc and 3.31% Lead (5.78% Lead + Zinc) over 6.37 metres. Of note is hole M6263- 18-PP-030 that intersected 12.95% Zinc and 0.88% Lead (13.83% Lead + Zinc) over a revised 2.72 metres in a zone below the targeted horizon. All intersections are within a flat lying tabular-style deposit known as M-62, M-63 and all intercepts are located above 85 metre vertical depths. (See 2018 Summer Drill Campaign Central Zone M-62, M-63). All reported holes are from the historical M-62, M-63 deposit that currently measures 1,100 metres in length with an estimated mineralized width between 80 and 110 metres. within the Central Zone. The Central Zone hosts twelve historical deposits with unclassified historical resources reported by Cominco Ltd. (1988) over a distance of 7.6 kilometres, (including the M-62, M-63 deposit of 789,200 tonnes at 6.7% Zinc and 2.5% Lead, Cominco Ltd., 1988). This area is located 11 kilometres to the west of the electrical sub-station along the main haulage road. Highlights are listed below in Table 2 and details are provided in Tables 3 & 4. | |
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