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Osisko Metals: Innovative Airborne Gravity Gradiometry Survey to be Flown Across Pine Point Project
MONTREAL, July 17, 2019 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; OTCQX: OMZNF, FRANKFURT: 0B51) is pleased
About this update from Osisko Metals Incorporated
[{"type":"text","content":" MONTREAL, July 17, 2019 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; OTCQX: OMZNF, FRANKFURT: 0B51) is pleased to announce that it will be flying an Airborne Gravity Gradiometry (“AGG”) survey this month. The survey will be utilized to identify new “Prismatic Type” deposits in conjunction with a newly developed GIS compilation and drill hole database. The mineralization found at Pine Point is typically unresponsive to previously available airborne geophysical tools and the forthcoming AGG survey is a first for the property. The AGG survey will be operated and processed by CGG Canada Services Ltd. using their Falcon system. The survey will be flown on a helicopter platform known as HeliFalcon. It will fly slower and lower compared to other fixed wing options providing exceptional resolution for detailed mapping. The survey will be flown over the Central, North and East Mill Zone (see Figure 1). Jeffrey Hussey, President and CEO of Osisko Metals, comments: “With the tight line spacing of 50 metres and the ability to fly along the mineralized trends at Pine Point, we believe this survey offers a unique opportunity to make a new discovery in the camp. Previous operators simply did not have the tools we have today to generate targets at Pine Point. Combined with the scale of the trends, the potential to identify more Prismatic Type deposits is very compelling. Historically, Cominco Ltd. focused on the Prismatic type deposits as they were often easier to mine and higher grade relative to the “Tabular Type” deposit.” AGG surveys measure the change in density between the lighter host rock and denser sulphide mineralization. The Pine Point mineralization, including previously mined ore, is almost exclusively a combination of sphalerite (zinc sulphide mineral) and galena (lead sulphide mineral). This sharp density contrast should be well identified by the survey. Importantly, the majority of the host formation remains untested due to the scale of the property. Combined with the expected shallow depths of mineralization, the AGG survey will provide an unprecedented opportunity to identify new Prismatic Type targets at Pine Point. Prismatic Type deposits are generally contained within a small footprint relative to the more horizontally continuous “Tabular” deposits (see Figure 2 & 3). Im...