24 April 2019
Osisko Metals Incorporated is pleased to announce assay results from 127 drill holes completed in the M-40 area within the East Mill Zone in the Pine Point Mining Camp.
The objective of the 2018 – 2019 drill program was to convert the Cominco Ltd. unclassified near-surface historical resources into current mineral resources and locally extend known zones of mineralization. These holes were not included in the Mineral Resource Estimate released in December 2018, and they will help to convert Inferred Resources to Indicated category.
Highlights include drill hole M40-18-PP-072 that intersected 8.16% Zinc and 1.24% Lead over 12.17 metres from the definition drill program, while exploration drilling outside of mineralized pit-constrained resources returned 6.12% Zinc and 4.31% Lead over 6.00 metres in hole M40-18-PP-128. The M-40 area contains six (6) modeled pits in the reported current mineral resource estimate but also exhibits exploration potential for continuous high-grade mineralization between the modelled pits over a strike length of 1,070 metres. This area was poorly drilled during historical drill programs and geological evidence suggests two parallel tabular deposits to be further explored. Other high-grade intersections are noted in Tables 1 and 2. (See 2018 Fall Drill Campaign East Mill Zone - M-40 Detailed and 2018 Fall Drill Campaign East Mill Zone Regional - M-40).