Mr. Jeff Husseyof Osisko Metals reports
OSISKO METALS INTERSECTS 8.45 % ZINC+LEAD OVER 8.25 METRES AT PINE POINT
Osisko Metals Inc. has released assay results from 27 shallow drill holes completed in the L27 deposit area. Drill hole EM-18-PP-017 intersected 7.05 per cent zinc and 1.40 per cent lead over 8.25 metres. The L27 deposit is located 3.8 kilometres northeast of L36, which was reported previously (see news release from 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 extending toward 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.
A figure associated with this news release are available on-line.
Additional highlightsand details are presented in the associated tables.
HIGHLIGHTS HoleFromToWidthLead Zinc Lead and zinc(m) (m)(m) (%)(%) (%)EM-18-PP-017 26.75 35.00 8.251.40 7.058.45 EM-18-PP-005 18.00 22.35 4.350.56 7.698.25 EM-18-PP-054 27.45 33.25 5.800.51 7.067.57 EM-18-PP-037 22.59 25.95 3.361.30 4.856.15 EM-18-PP-025 20.04 25.70 5.660.37 4.304.67 EM-18-PP-018 15.75 24.30 8.550.33 3.844.17 EM-18-PP-013 20.65 29.30 8.650.36 3.734.09 EM-18-PP-031 28.25 33.80 5.550.16 3.013.17
Jeff Hussey, president and chief executive officer 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 National Instrument 43-101 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, which 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 National Instrument 43-101-compliant mineral resources and there is no guarantee that such work will allow conversion of such historical resources.
Stanley Clemmer, PGeo, 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 Ltd., a wholly owned subsidiary of Osisko Metals.
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, NWT, 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 facility in North Vancouver, B.C. 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.
COMPOSITE ASSAY RESULTSHoleArea DepositFrom ToWidth True widthLeadZinc Lead and zinc(m)(m)(m)(m) (%) (%) (%)EM-18-PP-002 East Mill L27 15.5520.00 4.45 4.180.161.341.50EM-18-PP-005 East Mill L27 18.0022.35 4.35 4.090.567.698.25EM-18-PP-006 East Mill L27 17.1017.65 0.55 0.421.540.011.55EM-18-PP-006 East Mill L27 25.8526.75 0.90 0.697.79 12.85 20.64EM-18-PP-008 East Mill L27 18.6520.45 1.80 1.690.642.683.32EM-18-PP-009 East Mill L27 10.3511.10 0.75 0.610.571.051.62EM-18-PP-009 East Mill L27 13.5514.55 1.00 0.820.532.993.51EM-18-PP-012 East Mill L27 No significant resultsEM-18-PP-013 East Mill L27 20.6529.30 8.65 6.630.363.734.09EM-18-PP-014 East Mill L27 No significant resultsEM-18-PP-017 East Mill L27 26.7535.00 8.25 6.321.407.058.45EM-18-PP-018 East Mill L27 15.7524.30 8.55 8.550.333.844.16EM-18-PP-019 East Mill L27 21.6024.85 3.25 2.950.435.365.78EM-18-PP-020 East Mill L27 25.6027.00 1.40 1.077.45 30.80 38.25EM-18-PP-023 East Mill L27 16.5017.00 0.50 0.431.641.172.81EM-18-PP-024 East Mill L27 No significant resultsEM-18-PP-025 East Mill L27 20.0425.70 5.66 5.130.374.304.67EM-18-PP-027 East Mill L27 21.4022.10 0.70 0.613.803.637.43EM-18-PP-027 East Mill L27 27.3028.00 0.70 0.610.472.623.09EM-18-PP-027 East Mill L27 30.1531.90 1.75 1.520.071.611.68EM-18-PP-027 East Mill L27 37.5040.55 3.05 2.640.496.166.66EM-18-PP-030 East Mill L27 No significant resultsEM-18-PP-031 East Mill L27 28.2533.80 5.55 4.810.163.013.17EM-18-PP-032 East Mill L27 14.6515.60 0.95 0.891.221.212.43EM-18-PP-032 East Mill L27 28.1529.60 1.45 1.360.423.143.56EM-18-PP-036 East Mill L27 No significant resultsEM-18-PP-037 East Mill L27 22.5925.95 3.36 2.911.304.856.15EM-18-PP-038 East Mill L27 23.8224.43 0.61 0.501.770.001.77EM-18-PP-039 East Mill L27 No significant resultsEM-18-PP-045 East Mill L27 26.0228.20 2.18 1.790.075.765.83EM-18-PP-048 East Mill L27 23.8026.45 2.65 2.400.293.683.97EM-18-PP-054 East Mill L27 27.4533.25 5.80 4.750.517.067.57EM-18-PP-061 East Mill L27 22.4523.90 1.45 1.260.553.804.35
About Osisko Metals Inc.
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, namely the development-stage Pine Point camp located in the Northwest Territories, and the advanced-exploration Bathurst mining camp, 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 National Instrument 43-101 compliance and conducting brownfield exploration using new innovative 3-D techniques.
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