Osisko Metals Intersects 8.45 % Zinc+Lead Over 8.25 Metres at Pine Point
Here is the latest round of drill results from Osisko Metals. A total of 27 holes are reported in the news release. The importance of the shallow mineralization helps support the case for an open pit but the key point comes from Jeff Hussy’s comment…
“If we can demonstrate continuous grades over reasonable widths along the entire East Mill Zone, we will effectively be able to connect a chain of individual historical near surface deposits into a continuous belt of potentially economic material.”
Also remember this is only one of the multiple land packages. “The Company controls Canada’s two premier zinc mining camps in Canada, namely the development-stage Pine Point Camp (“PPMC”) located in the Northwest Territories and the advanced-exploration Bathurst Mining Camp (“BMC”), located in northern New Brunswick.”
I will be chatting with Jeff in the coming days so if you have any questions please email them to me at Fleck@kereport.com.
Click here to listen to the last interview with Jeff.
…Here’s the news…
Pine Point Mining Camp Winter Drill Program Results B2
Pine Point Mining Camp Winter Drill Program Results B2
Osisko Metals Incorporated
MONTREAL, May 08, 2018 — Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V:OM) (FRANKFURT:OB51) is pleased to announce assay results from 27 shallow drill holes completed in the L27 deposit area. Drill hole EM-18-PP-017 intersected 7.05% Zn and 1.40% Pb over 8.25 metres. The L27 deposit is located 3.8 kilometres northeast of L36 reported previously (news release May 1, 2018). Both deposits are within the East Mill Zone which is a 7.6-kilometre trend of tabular-style, near-surface, and roughly flat lying mineralization that extends towards the east from the electrical substation area (see Osisko Metals website for additional geological background). Near-surface zinc and lead sulphides were intersected in 18 of the 24 holes above 40 metre depths.
Additional highlights are listed below in Table 1 and details are provided in Tables 2 & 3. (See 2018 Winter Drill Campaign East Mill Zone Map B2).
| Table 1: Highlights: | ||||||
| Hole Name | From | To | Width | Lead | Zinc | Lead + Zinc |
| (metres) | (metres) | (metres) | % | % | % | |
| EM-18-PP-017 | 26.75 | 35.00 | 8.25 | 1.40 | 7.05 | 8.45 |
| EM-18-PP-005 | 18.00 | 22.35 | 4.35 | 0.56 | 7.69 | 8.25 |
| EM-18-PP-054 | 27.45 | 33.25 | 5.80 | 0.51 | 7.06 | 7.57 |
| EM-18-PP-037 | 22.59 | 25.95 | 3.36 | 1.30 | 4.85 | 6.15 |
| EM-18-PP-025 | 20.04 | 25.70 | 5.66 | 0.37 | 4.30 | 4.67 |
| EM-18-PP-018 | 15.75 | 24.30 | 8.55 | 0.33 | 3.84 | 4.17 |
| EM-18-PP-013 | 20.65 | 29.30 | 8.65 | 0.36 | 3.73 | 4.09 |
| EM-18-PP-031 | 28.25 | 33.80 | 5.55 | 0.16 | 3.01 | 3.17 |
Jeff Hussey, President and CEO of Osisko Metals, commented: “These latest results strengthen our confidence in historically reported mineralization. If we can demonstrate continuous grades over reasonable widths along the entire East Mill Zone, we will effectively be able to connect a chain of individual historical near surface deposits into a continuous belt of potentially economic material. This entire belt could theoretically be mined by shallow open pit methods. More news is expected as assays from the remainder of the winter program are received followed by the restart of the drill program when weather permits”.
The objective of the 2018 drill program is to convert 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 extraction. 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.
Note regarding historical resource and Qualified Person
The above-mentioned historical resources do not conform to National Instrument 43-101 standards. The Company is reporting the historical estimates for reference purposes only. Neither Osisko Metals nor its consultants have completed sufficient work to verify the historical estimates and these should not be relied upon for investment purposes. A Qualified Person has not done sufficient work to classify the historical estimates as NI43-101 compliant mineral resources and there is no guarantee that such work will allow conversion of such historical resources.
Stanley G. Clemmer, P. Geo is the Qualified Person responsible for the technical data reported in this news release. He is a Professional Geologist registered in the Northwest Territories and is Chief Geologist for Pine Point Mining Limited, a wholly owned subsidiary of Osisko Metals Limited.
Quality Assurance / Quality Control
Osisko Metals adheres to a strict Quality Assurance and Quality Control program with regard to core handling, sampling, transportation of samples and lab analyses. Drill core samples from the Pine Point project area were securely transported to its core facility in Hay River, Northwest Territories where they were logged and sampled. Samples selected for assay were shipped via secure transportation to the ALS Canada Ltd’s preparation facility in Yellowknife. Pulps were analyzed at the ALS Canada Ltd. facility in North Vancouver, British Columbia. Zinc and lead were analyzed by assay-grade four acid digestion with ICP-AES finish for higher-grade samples and four acid digestion and ICP-AES for low grade-samples.
| Table 2: Composite Assay Results | |||||||||
| Hole Name | Area | Historical Deposit |
From | To | Width | True Width | Lead | Zinc | Lead + Zinc |
| (metres) | (metres) | (metres) | (metres) | % | % | % | |||
| EM-18-PP-002 | East Mill | L27 | 15.55 | 20.00 | 4.45 | 4.18 | 0.16 | 1.34 | 1.50 |
| EM-18-PP-005 | East Mill | L27 | 18.00 | 22.35 | 4.35 | 4.09 | 0.56 | 7.69 | 8.25 |
| EM-18-PP-006 | East Mill | L27 | 17.10 | 17.65 | 0.55 | 0.42 | 1.54 | 0.01 | 1.55 |
| EM-18-PP-006 | East Mill | L27 | 25.85 | 26.75 | 0.90 | 0.69 | 7.79 | 12.85 | 20.64 |
| EM-18-PP-008 | East Mill | L27 | 18.65 | 20.45 | 1.80 | 1.69 | 0.64 | 2.68 | 3.32 |
| EM-18-PP-009 | East Mill | L27 | 10.35 | 11.10 | 0.75 | 0.61 | 0.57 | 1.05 | 1.62 |
| EM-18-PP-009 | East Mill | L27 | 13.55 | 14.55 | 1.00 | 0.82 | 0.53 | 2.99 | 3.51 |
| EM-18-PP-012 | East Mill | L27 | No significant results | ||||||
| EM-18-PP-013 | East Mill | L27 | 20.65 | 29.30 | 8.65 | 6.63 | 0.36 | 3.73 | 4.09 |
| EM-18-PP-014 | East Mill | L27 | No significant results | ||||||
| EM-18-PP-017 | East Mill | L27 | 26.75 | 35.00 | 8.25 | 6.32 | 1.40 | 7.05 | 8.45 |
| EM-18-PP-018 | East Mill | L27 | 15.75 | 24.30 | 8.55 | 8.55 | 0.33 | 3.84 | 4.16 |
| EM-18-PP-019 | East Mill | L27 | 21.60 | 24.85 | 3.25 | 2.95 | 0.43 | 5.36 | 5.78 |
| EM-18-PP-020 | East Mill | L27 | 25.60 | 27.00 | 1.40 | 1.07 | 7.45 | 30.80 | 38.25 |
| EM-18-PP-023 | East Mill | L27 | 16.50 | 17.00 | 0.50 | 0.43 | 1.64 | 1.17 | 2.81 |
| EM-18-PP-024 | East Mill | L27 | No significant results | ||||||
| EM-18-PP-025 | East Mill | L27 | 20.04 | 25.70 | 5.66 | 5.13 | 0.37 | 4.30 | 4.67 |
| EM-18-PP-027 | East Mill | L27 | 21.40 | 22.10 | 0.70 | 0.61 | 3.80 | 3.63 | 7.43 |
| EM-18-PP-027 | East Mill | L27 | 27.30 | 28.00 | 0.70 | 0.61 | 0.47 | 2.62 | 3.09 |
| EM-18-PP-027 | East Mill | L27 | 30.15 | 31.90 | 1.75 | 1.52 | 0.07 | 1.61 | 1.68 |
| EM-18-PP-027 | East Mill | L27 | 37.50 | 40.55 | 3.05 | 2.64 | 0.49 | 6.16 | 6.66 |
| EM-18-PP-030 | East Mill | L27 | No significant results | ||||||
| EM-18-PP-031 | East Mill | L27 | 28.25 | 33.80 | 5.55 | 4.81 | 0.16 | 3.01 | 3.17 |
| EM-18-PP-032 | East Mill | L27 | 14.65 | 15.60 | 0.95 | 0.89 | 1.22 | 1.21 | 2.43 |
| EM-18-PP-032 | East Mill | L27 | 28.15 | 29.60 | 1.45 | 1.36 | 0.42 | 3.14 | 3.56 |
| EM-18-PP-036 | East Mill | L27 | No significant results | ||||||
| EM-18-PP-037 | East Mill | L27 | 22.59 | 25.95 | 3.36 | 2.91 | 1.30 | 4.85 | 6.15 |
| EM-18-PP-038 | East Mill | L27 | 23.82 | 24.43 | 0.61 | 0.50 | 1.77 | 0.00 | 1.77 |
| EM-18-PP-039 | East Mill | L27 | No significant results | ||||||
| EM-18-PP-045 | East Mill | L27 | 26.02 | 28.20 | 2.18 | 1.79 | 0.07 | 5.76 | 5.83 |
| EM-18-PP-048 | East Mill | L27 | 23.80 | 26.45 | 2.65 | 2.40 | 0.29 | 3.68 | 3.97 |
| EM-18-PP-054 | East Mill | L27 | 27.45 | 33.25 | 5.80 | 4.75 | 0.51 | 7.06 | 7.57 |
| EM-18-PP-061 | East Mill | L27 | 22.45 | 23.90 | 1.45 | 1.26 | 0.55 | 3.80 | 4.35 |
| Table 3: Drill hole collar locations (UTM NAD83 zone 11). | ||||||||
| Hole Name | Deposit | Area | Easting | Northing | Elevation | Azimuth | Dip | Depth (m) |
| EM-18-PP-002 | East Mill | L27 | 645109.6 | 6752885.5 | 213.95 | 145 | -70 | 36.00 |
| EM-18-PP-005 | East Mill | L27 | 645142.5 | 6752893.0 | 213.83 | 90 | -70 | 33.00 |
| EM-18-PP-006 | East Mill | L27 | 645190.6 | 6752913.4 | 213.61 | 270 | -50 | 45.00 |
| EM-18-PP-008 | East Mill | L27 | 645137.0 | 6752932.3 | 213.88 | 125 | -70 | 36.00 |
| EM-18-PP-009 | East Mill | L27 | 645171.7 | 6752931.5 | 214.02 | 345 | -55 | 36.00 |
| EM-18-PP-012 | East Mill | L27 | 645244.8 | 6752930.5 | 213.94 | 285 | -60 | 42.00 |
| EM-18-PP-013 | East Mill | L27 | 645228.2 | 6752965.1 | 213.64 | 295 | -50 | 45.00 |
| EM-18-PP-014 | East Mill | L27 | 645261.7 | 6752977.2 | 213.43 | 65 | -60 | 36.00 |
| EM-18-PP-017 | East Mill | L27 | 645248.4 | 6752985.6 | 213.71 | 310 | -50 | 42.00 |
| EM-18-PP-018 | East Mill | L27 | 645257.6 | 6753014.3 | 213.55 | 0 | -90 | 38.00 |
| EM-18-PP-019 | East Mill | L27 | 645249.6 | 6753036.2 | 213.59 | 330 | -65 | 42.00 |
| EM-18-PP-020 | East Mill | L27 | 645273.7 | 6753029.3 | 213.75 | 120 | -50 | 48.00 |
| EM-18-PP-023 | East Mill | L27 | 645252.1 | 6753071.4 | 213.57 | 140 | -60 | 45.00 |
| EM-18-PP-024 | East Mill | L27 | 645278.4 | 6753051.2 | 213.29 | 0 | -90 | 39.00 |
| EM-18-PP-025 | East Mill | L27 | 645314.0 | 6753014.6 | 213.19 | 90 | -65 | 40.00 |
| EM-18-PP-027 | East Mill | L27 | 645198.7 | 6753017.4 | 213.94 | 150 | -60 | 45.00 |
| EM-18-PP-030 | East Mill | L27 | 645223.1 | 6753026.3 | 213.88 | 155 | -60 | 45.00 |
| EM-18-PP-031 | East Mill | L27 | 645328.4 | 6753122.8 | 213.24 | 90 | -60 | 48.00 |
| EM-18-PP-032 | East Mill | L27 | 645314.0 | 6753103.0 | 214.00 | 20 | -70 | 45.00 |
| EM-18-PP-036 | East Mill | L27 | 645321.7 | 6753067.5 | 212.95 | 85 | -60 | 48.00 |
| EM-18-PP-037 | East Mill | L27 | 645321.6 | 6753067.4 | 212.86 | 310 | -60 | 48.00 |
| EM-18-PP-038 | East Mill | L27 | 645360.3 | 6753008.0 | 213.13 | 90 | -55 | 42.00 |
| EM-18-PP-039 | East Mill | L27 | 645358.6 | 6753007.9 | 213.15 | 250 | -55 | 45.00 |
| EM-18-PP-045 | East Mill | L27 | 645366.4 | 6752966.3 | 213.77 | 295 | -55 | 40.00 |
| EM-18-PP-048 | East Mill | L27 | 645365.3 | 6752941.0 | 214.14 | 240 | -65 | 30.00 |
| EM-18-PP-054 | East Mill | L27 | 645201.0 | 6752939.2 | 213.07 | 155 | -55 | 42.00 |
| EM-18-PP-061 | East Mill | L27 | 645097.8 | 6752973.9 | 214.86 | 145 | -60 | 45.00 |
About Osisko Metals
Osisko Metals is a Canadian exploration and development company creating value in the base metal space with a focus on zinc mineral assets. The Company controls Canada’s two premier zinc mining camps in Canada, namely the development-stage Pine Point Camp (“PPMC”) located in the Northwest Territories and the advanced-exploration Bathurst Mining Camp (“BMC”), located in northern New Brunswick. The Company is currently drilling in both camps a combined 100,000 metres that will focus on upgrading and expanding historical deposits, bringing high-priority targets into NI 43-101 compliance and conducting brownfield exploration using new innovative 3D techniques. In Québec, the Company owns 42,000 hectares that cover 12 grass-root zinc targets that will be selectively advanced through exploration. In parallel, Osisko Metals …read more
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