8 March 2021
Osisko Metals Incorporated is pleased to announce initial results from the current drilling program at its Pine Point Project, located in the NWT. This drill program comprises both an infill program designed to provide data needed to convert current Inferred Mineral Resources to the Indicated category, and a hydrogeological program designed to characterize water flow throughout the host dolomites on the property. The drill holes reported herein are for the R190 deposit, located in the West Zone of the property that hosts higher-grade, vertical prismatic deposits (See Map and Table 1 in the release):
•Drill hole R190-21-PP-001 intersected 27.50 metres grading 31.15% Zn and 11.57% Pb, near the center of the R190 prismatic deposit. This infill hole exceeded grade expectations and met thickness expectations.
•Drill hole R190-21-PP-002 intersected 25.8 metres grading 24.39% Zn and 14.74% Pb, also near the center of the R190 prismatic deposit. This hole exceeded grade expectations and met thickness expectations and was a duplicate hole to test for grade as well as a hydrogeological testing hole.
•R190-21-PP-003 intersected 7.00 metres grading 6.33% Zn and 1.50% Pb as well as 8.80 metres grading 9.38% Zn and 1.70% Pb on the northwest fringe of R190. Grade and thickness of the two intersections of this infill hole exceeded expectations.
•Drill hole R190-21-PP-004 was drilled as a hydrogeological hole, 25 metres outside of the main mineralized prismatic body. A thin, unexpected interval of 0.5 metres grading 33.42% Zn and 4.96% Pb was intersected; the Company believes good exploration potential exists north of the R190 deposit where historical drilling is sparse.