Osisko Metals Announces Final Results From Winter Drill Campaign

18 May 2021

MONTRÉAL, May 18, 2021 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the "Company" or "Osisko Metals") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce the final results from the winter drilling program at its Pine Point Project, located in the NWT.

The shallow mineralization reported herein is from two multi-purpose drill holes used for in-fill drilling and ongoing hydrogeological investigations. These holes are located within the R67 deposit in the South Trend and the periphery of the W85 Prismatic deposit in the Project’s North Trend (see Map 1 & Table 1).

• Drill hole R67-21-PP-001 intersected 6.67 metres grading 14.87% Zn and 0.40% Pb (15.27% Zn+Pb) as well as 7.00 metres grading 13.84% Zn and 4.24% Pb (18.08% Zn+Pb) in the R67 deposit.
• Drill hole W85-21-PP-001 intersected 3.00 metres grading 7.65% Zn and 1.56% Pb (9.21% Zn+Pb) outside of the in-pit resources at the W85 deposit, peripheral to Prismatic mineralization in the core of the deposit.

The R67 deposit occurs in the significantly underexplored South Trend that hosts only Prismatic-type mineralization and hosts the X15 deposit which was the largest deposit mined by Cominco.

Drill hole W85-21-PP-001 has extended the near-pit mineralization that may be expanded upon further with future drilling. Hydrogeological testing is ongoing for the purpose of characterizing the groundwater flow near deposits on both margins of the Pine Point reef structure. The Company expects to be able to release these results during H2 2021.

Table 1: Drill Hole Composite Assay Results. ... 

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