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Osisko Metals Intersects 19.42% Zinc+Lead Over 13.11 Metres at Pine Point
MONTREAL, May 22, 2019 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; FRANKFURT: 0B51; OTCQX: OMZNF) is pleased t
About this update from Osisko Metals Incorporated
[{"type":"text","content":" MONTREAL, May 22, 2019 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; FRANKFURT: 0B51; OTCQX: OMZNF) is pleased to announce additional assay results from 145 drill holes completed in the L-36 and L-35 areas within the East Mill Zone in the Pine Point Mining Camp (“PPMC”). Drill hole EM-18-PP-331 intersected 10.23% zinc and 9.19% lead over 13.11 metres and hole EM-18-PP-209 intersected 9.60% zinc and 1.53% lead over 13.50 metres. Other highlighted intersections are noted in Table 1 below. (See EMZ L36 map) All intersections are within flat-lying tabular-style deposits, and are located between 9 to 51 metres vertical depths. Drill hole composites and location details are provided in Tables 2 & 3. Table 1: Selected Drill Highlights Hole Name Zone Area From To Width Zinc Lead Lead + Zinc (metres) (metres) (metres) % % % EM-18-PP-331 East Mill L-35 26.40 39.51 13.11 10.23 9.19 19.42 EM-18-PP-211 East Mill L-35 36.00 42.00 6.00 20.28 5.92 26.20 EM-18-PP-209 East Mill L-36 33.50 47.00 13.50 9.60 1.53 11.13 EM-18-PP-351 East Mill L-36 30.00 40.00 10.00 11.62 2.50 14.12 Jeff Hussey, President & CEO of Osisko Metals, commented: “With this last set of results in hand, we have completed our initial definition drilling campaign on the PPMC, which began in 2018. Drilling completed to date will be incorporated into the next Mineral Resource Estimate, slated for release in Q3, and we anticipate that most of the existing resources will be upgraded to the Indicated category. With the upcoming summer season, we will embark on a brownfield exploration program at Pine Point, focused on increasing the resource base and making new discoveries. We believe the property holds significant exploration upside at depth and along its 65km of strike length.” The objective of the 2018 – 2019 drill program was to convert the Cominco Ltd. unclassified near-surface historical resources into current mineral resources and to locally extend known zones of mineralization. An initial 2018 Inferred Mineral Resource of 38.4 Mt grading 4.58% zinc and 1.85% lead was calculated on historical drilling and using the initial 317 drill holes out of a total of 1031 holes that were drilled by Osisko Metals during the 2018 and 2019 campaign. These latest East Mill Zone drill holes were not included in this 2...