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Osisko Metals Inc.
Summary
| Project: | Pine Point | |
|---|---|---|
| Deposit: | Pine Point | |
| Location: | Canada | |
| Commodities: | Lead-Zinc | |
| Date: | 10/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-10-2018: Osisko Metals Inc. announces an Exploration/Drilling Update report for its Pine Point deposit at the Pine Point project. Drilling results incl. 9.98m @ 13.91% Zn, 7.56% Pb from 14.32m. MONTREAL, Oct. 09, 2018 -- Osisko Metals Incorporated (the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stanley Clemmer (Internal) | |
| ABSTRACT: | MONTREAL, Oct. 09, 2018 -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; FRANKFURT: OB51) is pleased to announce assay results from 14 drill holes completed in the East Mill Zone in the Pine Point Mining Camp (“PPMC”). Drill hole EM-18-PP-140 intersected 13.91% Zinc and 7.56% Lead (21.47% Zinc + Lead) over 9.98 metres and hole EM-18-PP-152 intersected 4.22% Zinc and 2.56% Lead (21.47% Lead + Zinc) over 8.20 metres. All intersections are within a flat lying tabular-style deposit known as K-32 and all intercepts are located above 42 metre depths. (See 2018 Summer Drill East Mill Zone K-32). The historical K-32 deposit currently measures 410 metres in strike length with an average mineralized width of approximately 65 metres. It occurs within the East Mill Zone that hosts eight historical deposits containing unclassified historical resources reported by Cominco Ltd. (1988). The K-32 deposit is located along the main haulage road, 3.9 kilometres to the east of the existing electrical sub-station and former mill site. The East Mill Zone extends 7.6 kilometres to the east of the electrical substation and is adjacent to the main haul road along its entire length. Additional 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 drill 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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