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Osisko Metals Inc.
Summary
| Project: | Pine Point | |
|---|---|---|
| Deposit: | Pine Point | |
| Location: | Canada | |
| Commodities: | Lead-Zinc | |
| Date: | 11/13/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-11-2019: Osisko Metals Inc. announces a Resource Estimation report for its Pine Point deposit at the Pine Point project. Updated mineral resource estimate at project. MONTREAL, Nov. 13, 2019 -- Osisko Metals Incorporated (the “Company” or “Osisko Metal | |
| Resources: | (Resource, Inf.): 52.4Mt @ 1.83% Pb, 4.64% Zn | |
| CP/QP: | [Resources]: Pierre Luc Richard (BBA Inc.) | |
| ABSTRACT: | MONTREAL, Nov. 13, 2019 -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce the 2019 Mineral Resource Estimate Update (“2019 MRE”) for its 100% owned Pine Point Project (“Pine Point” or “the Project”), located near Hay River, in the Northwest Territories of Canada. The 2019 MRE was prepared by BBA Inc. (“BBA”). Cut-off grades are based on estimated long-term metal prices, mining costs, metal recoveries, concentrate transport, and smelter costs. Jeff Hussey, President & CEO of Osisko Metals, commented: “Following our maiden MRE in December 2018, we are very pleased to again demonstrate significant asset growth at Pine Point. Global zinc and lead projects with all supportive infrastructure and more than 50Mt in near-surface resources are extremely rare and we are delighted that Pine Point now enters this select group. There is a depleted pipeline of quality zinc development projects globally and we believe Pine Point will place Osisko Metals at the forefront of junior base metal exploration and development companies.” “Having achieved our objective of increasing the resource base to the 50Mt threshold, we now believe that the Project could develop into a mine large enough to enter the top 10 global zinc mines on an annual zinc-in-concentrate basis. We would also emphasize that exploration at Pine Point has been minimal in the last 30 years, we believe there is more to come for the Project.” | |
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