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Osisko Metals Inc.
Summary
| Project: | Pine Point | |
|---|---|---|
| Deposit: | Pine Point | |
| Location: | Canada | |
| Commodities: | Lead-Zinc | |
| Date: | 5/29/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-5-2018: Osisko Metals Inc. announces an Exploration/Drilling Update report for its Pine Point deposit at the Pine Point project. Drilling results incl. 5.95m @ 2.22% Pb, 22.97% Zn from 22.20m. MONTREAL, May 29, 2018 -- Osisko Metals Incorporated (the “ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stanley Clemmer (Internal) | |
| ABSTRACT: | MONTREAL, May 29, 2018 -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V:OM) (FRANKFURT:OB51) is pleased to announce assay results from 11 shallow drill holes completed along the East Mill Zone trend in the K-35 deposit area. Drill hole EM-18-PP-073 intersected 22.97% Zn and 2.22% Pb over 5.95 metres. Also worthy of mention are results from drill hole EM-18-PP-079 containing 7.75 metres of 11.27% Zn+Pb and hole EM-18-PP-088 that intersected 5.75 metres of 12.36% Zn+Pb. All of the reported drill holes reported in this news release intersected near-surface mineralization above 51 metres vertical depth, with multiple mineralized intercepts reported in 7 drill holes. The reported drilling was focused within the East Mill Zone on the area located 1.1 kilometres northeast of the L-35 and L-36 deposit areas reported previously (news releases May 1, and May 15, 2018). All intersections reported to date from the winter program in the East Mill Zone are part of flat lying tabular-style zinc-lead deposits in the east Mill Zone and all intercepts are located above 65 metre vertical depth. (See 2018 Winter Drill Campaign East Mill Zone Map B4). All three deposits are within the East Mill Zone which is a 7.6-kilometre trend that extends towards the east from the electrical substation area (see Osisko Metals website for additional geological background). The core of the K-35 deposit hosts unclassified historical resources reported by Cominco Ltd. (1988) of 0.86 million tonnes grading 3.67% zinc and 1.12% Pb. Additional highlights are listed below in Table 1 and details are provided in Tables 2 & 3. Jeff Hussey, President and CEO of Osisko Metals, commented: “These East Mill Zone results are very interesting due to their high grade and proximity to surface. The location is also adjacent to a 25-metre-wide haulage road and within 5 kilometres to the East of the electrical substation. We eagerly await commencement of our summer drilling program”. The objective of the 2018 drill program is to upgrade approximately 50 million tonnes of unclassified near-surface historical resources to NI43-101 Indicated Resources as quickly as possible in areas amenable to open pit mining. The program consists of approximately 700 drill holes (129 now completed) in the central 20-kilometre long portion of the Pine Point Mining Camp (“PPMC”) that is located on the south shore of Great Slave Lake in the Northwest Territories, near infrastructure and paved highway access. | |
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