MONTREAL, Aug. 27, 2020  -- Osisko Metals Incorporated (the "Company" or "Osisko Metals") (; ; ) is pleased to announce that drilling activities at Pine Point have restarted. Following recommendations from the Northwest Territories Health and Social Services Authority, Osisko Metals reopened its camp to support planned permitting and environmental initiatives in July and has now increased its scope to include drilling.

 

Jeff Hussey, President and COO, commented: “At this time, we have one drill operational at Pine Point. However, with the multitude of targets and type of targets throughout the property, we will aim to increase our drill count in the fall while maintaining health and safety standards to minimize COVID-19 risk in the NWT. This initial phase of drilling will look to expand deposits modeled in the 2020 Mineral Resource Estimate (“2020MRE”) released concurrent to our Preliminary Economic Assessment on June 15th, with focus on prismatic and high-grade tabular mineralization. Following the successful increase in tonnage in the East Mill Zone in the 2020 MRE, we sought similar targets across Pine Point. Our initial work highlighted 11 open deposits within the East Mill, Central and North Zones with widely spaced and high-grade intercepts located outside of deposit boundaries.”

VANCOUVER, BC, Aug. 18, 2020 - District Metals Corp. (TSXV: DMX) (FRA: DFPP); ("District" or the "Company") is pleased to announce the execution of a definitive purchase agreement (the "Agreement") dated August 17, 2020 for District's high grade copper-silver Bakar Property ("Bakar" or the "Property") located on northern Vancouver Island in British Columbia with Sherpa II Holdings Corp. ("Sherpa II") (TSX-V: SHRP.P).

 

Transaction Highlights

Under the Agreement Sherpa II will acquire an 80% interest in the Bakar Property by cash payment, the issuance of shares to District, and work expenditures, as described below.  The cash payment and common shares of Sherpa II will be transferred to District upon closing of the transaction on or before September 17, 2020, and the work expenditures are scheduled to be completed within six months from the closing.

 

$50,000 cash payment.

1,000,000 common shares of Sherpa II.

$200,000 in work expenditures.

Carry over of the 2.0% NSR from the royalty agreement dated July 12, 2019 between District and Longford Capital Corp. on one of the eight mineral claims that comprises Bakar, which covers 1,352 hectares (ha) out of the 15,687 ha Property. The 2.0% NSR may be repurchased entirely for $6.5M.

Overview of the Bakar Property

Fully-Funded 15,000m Drill Program to Focus on Paloma and Hurancarama Breccia Pipes

 

Vancouver, British Columbia- July 28th, 2020-  Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the "Company" or "Chakana"), is pleased to announce that it is expected to commence its fully-funded 15,000m drill program at the expanded Soledad Project (Fig. 1) on August 15, 2020. The company has a drill rig on site and initial drilling will focus on the Paloma East and Paloma West breccia pipes before proceeding to the Huancarama Breccia Complex (Fig. 2) and may include other high-priority drill-ready targets.

 

"Our team is very excited to restart drilling at Soledad where surface and trench samples in this newly permitted area have given us several very impressive gold-rich targets. The work program will also include surface channel sampling of multiple breccia pipes that are expected to be included in an initial resource estimate. We will provide further detailed information on targets once the field program and drilling are underway. As we commence this phase of field work, we would like to reassure all stakeholders that we have a full COVID-19 protocol in place and are working with the local authorities to ensure that all of our employees and communities are safe," stated David Kelley, President and CEO.

VANCOUVER, BC, July 13, 2020 - District Metals Corp. (TSX-V: DMX) ("District" or the "Company") is pleased to announce that an airborne electromagnetic ("EM") and magnetic survey has commenced on the Tomtebo Property ("Tomtebo" or the "Property"), located in the Bergslagen Mining District in south-central Sweden.

 

Garrett Ainsworth, CEO of District, commented: "The Bergslagen Mining District is known for large high grade polymetallic mineralized systems that can be identified by their conductive and magnetic properties.  For such a prolific district, the lack of EM and detailed magnetic coverage is astounding.  The recently commenced SkyTEM312 HP survey represents the first time a deep penetrating airborne EM survey (greater than 200 m depth) has been carried out on the Tomtebo Property.  This is significant because we know that these systems in the Bergslagen Mining District can have mineral resources from surface to depths of 1600 m, such as is the case at Boliden's Garpenberg Mine and Lundin Mining's Zinkgruvan Mine."