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Osisko Metals Inc.
Summary
| Project: | Pine Point | |
|---|---|---|
| Deposit: | Pine Point | |
| Location: | Canada | |
| Commodities: | Lead-Zinc | |
| Date: | 9/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-9-2018: Osisko Metals Inc. announces an Exploration/Drilling Update report for its Pine Point deposit at the Pine Point project. Drilling results incl. 6.23m @ 3.54% Zn, 16.95% Pb from 20.50m. MONTREAL, Sept. 17, 2018 -- Osisko Metals Incorporated (the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stanley Clemmer (Internal) | |
| ABSTRACT: | MONTREAL, Sept. 17, 2018 -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; FRANKFURT: OB51) is pleased to announce assay results from 7 near-surface drill holes completed in the East Mill Zone at the Pine Point Mining Camp (“PPMC”). Drill hole EM-18-PP-132 intersected 3.54% Zinc and 16.95% Lead over 6.23 metres and hole EM18-PP-134 intersected 4.21% Zinc and 7.31% Lead over 5.62 metres. While mineralization at Pine Point is predominantly rich in Zinc, with a typical ratio of approximately 3 to 1 zinc to lead, these intersections are in an area of particularly anomalous high-grade lead similar to hole EM-18-PP-113 which graded 7.00% Zinc and 18.00% Lead (see NR dated September 10, 2018) in the historical K-32 deposit. All intersections are within a flat lying tabular-style deposit known as L-36 and all intercepts are located above 40 metre depths. (See 2018 Summer Drill Campaign Central Zone L-36). The historical L-36 deposit currently measures 800 metres in strike length and occurs within the East Mill Zone. The East Mill Zone hosts eight deposits containing unclassified historical resources reported by Cominco Ltd. (1988). This 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 2 & 3. The objective of the 2018 drill program is to upgrade approximately 50 million tonnes of unclassified near-surface historical resources within known deposits (Cominco Ltd.) to NI43-101 Inferred Mineral Resources as quickly as possible in areas amenable to open pit mining. This will then be used as a resource base for future economic studies. The 2018 program consists of approximately 700 drill holes within the Main Trend, a 20-kilometre long, portion of the PPMC that is located on the south shore of Great Slave Lake in the Northwest Territories, near infrastructure and paved highway access and with 100km of haulage roads already in place. | |
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