Osisko Metals (TSXV: OM) has released new drill results from its high-grade, large tonnage and near-surface Pine Point zinc-lead deposit on the south shore of Great Slave Lake in the Northwest Territories.<\/p>\n
Highlights include 12.74 metres grading 8.07% zinc and 6.80% lead from 16.31 metres downhole; 4.35 metres averaging 11.78% zinc and 6.01% lead from 20.90 metres downhole; six metres of 10.90% zinc and 4.28% lead from 15 metres; and 8.50 metres of 4.85% zinc and 0.78% lead from 18 metres.<\/p>\n Jeff Hussey, the company\u2019s president and CEO, describes Pine Point as \u201cunique among its peer group,\u201d given that \u201cnearly 90% of zinc mine production globally is sourced from underground mines, underscoring the rarity of open-pit zinc assets.\u201d<\/p>\n The company released an inferred pit-constrained resource for the deposit in December 2018.<\/p>\n Pine Point contains 38.4 million inferred tonnes grading 4.58% zinc and 1.85% lead (6.58% zinc-equivalent) for 3.9 billion pounds of contained zinc and 1.6 billion pounds of lead.<\/p>\n More than 40,000 metres of additional drilling were completed following the cut-off date for the resource estimate.<\/p>\n A new resource estimate is planned in the second half of the year with the aim of converting a significant proportion of the current resource to the indicated category.<\/p>\n Osisko Metals will continue infill drilling in early 2019 and begin a substantial exploration program in mid-2019 to test the brownfield mineral potential along the entire 65 km Pine Point trend.<\/p>\n The K-32 pit is situated within the East Mill zone and measures 300 metres in strike length with an average mineralized north-south width of about 130 metres.<\/p>\n The project benefits from nearby infrastructure. It is accessible directly year-round by an all-weather highway from Hay River, and is 4.5 km east of an electrical sub-station along a main haul road. On-site infrastructure consists of roughly 100 km of intact haulage roads that link the mineralized zones, as well as the electrical substation located in the middle of the property.<\/p>\n (This article originally appeared in The Northern Miner<\/a>)<\/em><\/p>\n The post Osisko Metals releases more high-grade drill results from Pine Point<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Jeff Hussey, describes Pine Point as “unique among its peer group,” because of the rarity of open-pit zinc assets.<\/p>\n The post Osisko Metals releases more high-grade drill results from Pine Point<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":68,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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Point contains 38.4 million inferred tonnes grading 4.58% zinc and 1.85% lead (6.58% zinc-equivalent) for 3.9 billion pounds of contained zinc and 1.6 billion pounds of lead.<\/q><\/p>\n