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Osisko Metals Extends L37 Deposit at Pine Point Mining Camp in the Northwest Territories

Mining News - Published on Fri, 13 Dec 2019

Image Source: Osisko Metals Pine Point Mining Camp
Osisko Metals Incorporated announced new assay results from recently completed exploration drill holes in the East Mill Zone L37 deposit at its wholly owned Pine Point Mining Camp in the Northwest Territories. Highlights include drill hole L37-19-PP-028 that intersected 9.46% zinc and 0.79% lead over 11.85 metres and drill hole L37-19-PP-035 that intersected 14.83% zinc and 4.45% lead over 4.68 metres. Eight of the nine were drilled outside the current mineral resource boundary at L37. All intersections are located between 16 to 45 metres vertical depth. Osisko Metals President & CEO said Mr Jeff Hussey”A substantial portion of our newly published 52.4Mt Inferred Mineral Resource Estimate was dependent on Cominco Ltd.’s drilling. As Cominco Ltd. had different exploration objectives, many of the deposits outlined in our MRE remain open in all directions. These results demonstrate the upside potential of Pine Point, not just in identifying new exploration targets but also in expanding known mineralization across the Project area. With the forthcoming transition toward drilling untested gravity targets on the property over the coming days, we believe the best yet to come for Pine Point."

The reported results reflect exploration efforts to connect areas of Inferred Mineral Resources. Drilling is on-going and expected to continue during the first quarter of 2020. The focus of the current drill program will transition from resource boundary expansion to drilling newly identified prismatic targets that can be associated with tabular channels. The Company believes that these channels, as well as vertical geological structures, are two controlling factors of prismatic deposit development that were not realized in the past.

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Posted By : Arun Huidrom on Fri, 13 Dec 2019
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