Osisko Metals to Begin Drilling Gravity Targets at Pine Point and Provides Corporate Update

MONTREAL, Nov. 18, 2019 -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce that drilling will begin to targeting sixty (60) initial prismatic-style targets have been chosen based on processing and analyses of the 2019 airborne gravity gradiometry (“AGG”) survey data in conjunction with LiDAR features and newly-interpreted structural controls on mineralization.
These targets are specifically identified on criteria that are indicative of prismatic mineralization based on responses over known, in-situ, high grade prismatic deposits as measured by ground-based gravity surveys used as a control for the AGG system. The targets are distributed both within, and between, mineralized trends with many occurring in very sparsely drilled areas within the East Mill, Central and North Zone.
Jeff Hussey, President & CEO of Osisko Metals, commented: “During the work leading up to the release of our 2019 MRE (see press release dated November 13, 2019) outlining 52.4Mt grading 6.47% ZnEq, we completed the first part of our interpretation of the airborne gravity gradiometry survey. The start of this phase of the exploration campaign marks an exciting time for Osisko Metals as we leverage tools never available to previous operators to potentially make new discoveries.”
Read more: Osisko Metals Incorporated ( OM )

Osisko Metals Expands Known Mineralization at N204 Zone

MONTREAL, Oct. 28, 2019 -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce assay results from 8 recently completed drill holes in the N204 Zone, the easternmost deposit in the portfolio, at its wholly owned Pine Point Mining Camp (“PPMC”) in the Northwest Territory. Drill hole N204-19-PP-008 intersected 5.78% zinc and 2.08% lead over 9.00 metres and hole N204-19-PP-001 intersected 6.73% zinc and 1.57% lead over 3.00 metres (see N204 Surface Map).
Additionally, the results of re-assaying and re-logging 22 historical holes from the Cominco Limited era between 1964 and 1988 are reported. Of significance are four holes with unsampled mineralization including historical drill hole N204-240 that intersected 4.08% zinc and 1.13% lead over 9.15 metres that is located approximately 100 meters outside of previously modelled resources. Other highlighted intersections are noted in Table 1 below.
Read more: Osisko Metals Incorporated ( OM )

Pan Global Drills up to 3.43% Cu Eq over 7 Meters at 48 Meters down Hole Depth at Escacena Project, Spain

Vancouver, British Columbia--(October 23, 2019) - Pan Global Resources Inc. (TSXV: PGZ) (OTC: PGNRF) (the "Company") is very pleased to announce positive results for the first drill holes at the La Romana target of the Escacena project, located approximately 5 km West of the former Aznalcollar open pit mine in the Iberian Pyrite Belt, southern Spain.
Tim Moody, Pan Global President and CEO states: "I am very pleased and excited with these excellent first drill results at the Escacena project. The presence of appreciable tin in hole LRD-02 materially adds to the copper equivalent. Furthermore, the potential to significantly expand the mineralization is highlighted by a strong correlation between the highest copper grades and the gravity, IP and DHEM conductor anomalies. We now plan to extend the geophysics program in preparation for the next round of drilling."
Read more: Pan Global Resources ( PGZ )

Osisko Metals Intersects 11.13% Zinc+Lead Over 6.40 Metres at Pine Point

MONTREAL, Oct. 21, 2019 -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce first drilling results from the Fall 2019 drill program at Pine Point. Twenty-six exploration drill holes were completed in the L-37 and N-38 areas within the East Mill Zone. Highlights include drill hole L37-19-PP-001 that  intersected 8.68% zinc and 2.45% lead over 6.40 metres and drill hole L37-19-PP-011 intersected 6.43% zinc and 0.87% lead over 14 metres. All intersections are within flat-lying tabular-style deposits and are located between 7 to 36 metres vertical depth, adding more near-surface, high grade mineralization in proximity to the Company’s current Inferred Mineral Resource Estimate (MRE). Other highlighted intersections are noted in Table 1 below. (See East Mill L37 Surface Map).
The focus in this area of the East Mill Zone is to connect the mineralization between two existing tabular deposits. Drill hole composites and location details are provided in Tables 2 & 3
Read more: Osisko Metals Incorporated ( OM )

Osisko Metals Announces the Staking of Additional Mineral Claims at Pine Point

MONTREAL, Oct. 15, 2019  -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce that it has entered into a binding term sheet with Karst Investments LLC ("Karst") and its owners to acquire a 100% interest in Karst, which holds a 3% net smelter returns royalty on the mineral leases comprising the Pine Point Project (the "Karst Purchase"). Osisko Metals will acquire Karst in exchange for an aggregate consideration of US$8.5 million in cash and 2 million common shares of the Corporation.
Osisko Metals will, within 60 days, enter into a definitive purchase agreement with Karst and its owners providing for the Karst Purchase.
Following the closing of the Karst Purchase, the Pine Point Project will not be subject to any other royalties, back-in rights, payments, or other agreements or encumbrances other than the territorial royalty (calculated as a tax but called a royalty by the NWT government).
Read more: Osisko Metals Incorporated ( OM )

Videos / Webinars

View all videos