Company News – Tue 19 Jun, 2018

2018_06_19 Pine Point East Zone Drill Campaign B7

Osisko Metals With More Nice Drill Results From Pine Point

Osisko Metals has been very busy releasing the remaining drill results from lots Pine Point Property. I missed the news last week as I was catching up on everything from my site visit so I included a link below with the current news. I will also include the links/titles of the releases back to early May when we got the first batch of results. Overall the Company has been hitting consistently high grades over some very nice widths and the market has overlooked them. On our last call we addressed some of the selling pressure coming from old Pine Point shareholders but that will start drying up.

I will be chatting with the Company next week. Please send me any and all questions you have for the Company – Fleck@kereport.com.

Here are the links to all the Pine Point news releases…

And the most recent news…

OSISKO METALS INTERSECTS 9.25% ZINC+LEAD OVER 7.82 METRES AT PINE POINT

Pine Point East Zone Drill Campaign B7

Osisko Metals Incorporated

Pine Point HZ Deposit Drill Campaign Batch 7

Osisko Metals Incorporated

MONTREAL, June 19, 2018 (GLOBE NEWSWIRE) — Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V:OM) (FRANKFURT:OB51) is pleased to announce assay results from the remaining 33 shallow drill holes completed during the winter drill program along the Central Zone trend, which includes the Hinge Zone (“HZ”) Deposit, and along the East Mill Zone trend in the L27 and K35 deposits. Highlights from the HZ Deposit and L27 Deposit are:

In the HZ deposit, drill hole HZ-18-PP-008 intersected 8.75% Zn and 0.49% Pb over 7.82 metres, and hole HZ-18-PP-002 intersected 9.16% Zn and 0.24% Pb over 5.10 metres. In the East Mill Zone – L27 deposit, hole EM-18-PP-092) intersected 2.7 metres grading 16.99% Zn and 4.35% Pb. All intersections are within near surface flat-lying tabular deposits. All intercepts reported in the HZ deposit are located above 83 metres depth. Reported intersections from the L27 deposit in the East Mill Zone are above 30 metres depth. (See 2018 Winter Drill Campaign East Mill Zone Map B7).

Highlights are listed below in Table 1 and details are provided in Tables 2 & 3.

Table 1:

Hole Name	Deposit	From	To	Width	Lead	Zinc	Lead + Zinc
		(metres)	(metres)	(metres)	%	%	%
HZ-18-PP-008	HZ	71.40	79.22	7.82	0.49	8.75	9.25
HZ-18-PP-002	HZ	61.70	66.80	5.10	0.24	9.16	9.41
EM-18-PP-092	L27	15.10	17.80	2.70	4.35	16.99	21.34

Note: Zinc + Lead grades are rounded to 1/100.

The Central Zone is a chain of deposits in intermittently mineralized dolomite alteration that trends over 7.5 kilometres and hosts the L65 deposit (see news release June 12^th, 2018) and the HZ deposit. Relatively continuous mineralization is currently traced for 3.0 kilometres in strike length. The eastern end of the Central Zone is located 11 kilometres to the west of the electrical sub-station along the main haulage road. Multiple mineralized zones were intersected in 3 drill holes in the HZ deposit. Historical resources reported by Cominco Limited for the HZ Deposit are 1.9Mt at 3.8% Zn and 0.9% Pb. (See 2018 Winter Drill Campaign Hinge Zone Map B7).

The East Mill Zone (see news releases May 1^st, May 15^th, May 29^th, June 7^th, and June 12^th, 2018) is a 7.6-kilometre trend that extends towards the east from the electrical substation area. Multiple mineralized intercepts were reported in 4 of the drill holes completed in the East Mill Zone. See Osisko Metals website for additional geological background on both the Central Zone and East Mill Zone.

Results from drilling to date are compatible with the historical Cominco Limited drill hole data base that has been compiled by the Company. Drilling is ongoing with the start of the summer program. One drill is active with 2 drills arriving shortly. An additional 6 drills are planned to arrive in early July. The summer drill program will consist of approximately 570 drill holes and will focus on the East Mill Zone and the Central Zone. This aggressive program is designed to bring the core areas to a drill spacing of approximately 30 metres to confirm historical intercepts drilled by Cominco Limited, required to utilize the historical holes in an upcoming compliant resource estimate. The majority of Cominco holes have been found in the field and locations are being surveyed to required standards.

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. (I would suggest to remove the historical reference within the text to omit the …read more

From:: The Korelin Economic Report