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Osisko Metals Launches Fall 2019 Exploration Program at Pine Point

Mining News - Published on Thu, 29 Aug 2019

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Osisko Metals Incorporated announced it has launched its fall 2019 exploration drilling program at the Pine Point Project in the Northwest Territories, Canada. Jeff Hussey, P Geo, Osisko Metals President and CEO, said that we are excited to initiate our exploration program focused on new near-surface lead-zinc targets at Pine Point. Following extensive compilation work and advanced geological modelling, our exploration team has a better understanding of the structural controls associated to the distribution of lead-zinc mineralization in the 60-km long system. We have identified several high priority targets that were not explored by previous operators. The exploration upside is quite substantial across the entire property. We strongly believe there remains multiple opportunities to significantly increase the resource base beyond our current Mineral Resource Estimate of 38.4 Mt grading 6.58% ZnEq.

• Airborne gravity gradiometry survey completed and awaiting data processing
• Prioritized drill-ready targets defined from compilation of previous work
• 5000-meter drill program starting this week

Exploration Targets at Pine Point

1. Orphan Drill Holes: A compilation of the historical drill hole data into a new database identified over 100 drill holes with significant mineralization, indicative of near-surface mineralizing systems that were not pursued by previous operators. These holes are located outside of the current resource model.

2. Deeper Mineralization: The camp also hosts potential for mineralization in the deeper underlying Pine Point Formation (approximately 50-70 meters thick), which has seen less historical exploration. Analysis of the new drillhole database and resultant 3D modeling shows dolomite alteration, sulphide development and controlling structures to be present in this poorly explored formation that hosted the large, and previously mined X-15 deposit.

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Posted By : Rabi Wangkhem on Thu, 29 Aug 2019
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