28 October 2019
Osisko Metals Incorporated is pleased to announce assay results from 8 recently completed drill holes in the N204 Zone, the easternmost deposit in the portfolio, at its wholly owned Pine Point Mining Camp (“PPMC”) in the Northwest Territory. Drill hole N204-19-PP-008 intersected 5.78% zinc and 2.08% lead over 9.00 metres and hole N204-19-PP-001 intersected 6.73% zinc and 1.57% lead over 3.00 metres (see N204 Surface Map).
Additionally, the results of re-assaying and re-logging 22 historical holes from the Cominco Limited era between 1964 and 1988 are reported. Of significance are four holes with unsampled mineralization including historical drill hole N204-240 that intersected 4.08% zinc and 1.13% lead over 9.15 metres that is located approximately 100 meters outside of previously modelled resources. Other highlighted intersections are noted in Table 1 below.
All intersections are hosted within laterally continuous, stratabound layers within tabular mineralization of the N204 Zone located between 8 to 50 metres vertical depth. The focus of the program in this area is to confirm and expand historical resources, reduce drill spacing, and collect samples for metallurgical tests. Drill hole composites and location details are provided in Tables 2 & 3.
Jeff Hussey, President & CEO of Osisko Metals, commented: “We recognized early on that the historical core in the Cominco Limited core inventory stockpiled at Pine Point contained unsampled mineralization that was not of interest before 1988. We are proving that several holes contain significant, economic mineralization in todays context that was not assayed. We will continue to relog and assay historical core from the entire property as a cost effective way to increase value by increasing mineral resources and outlining future exploration targets.”
Read complete release by clicking link below.