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

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).

 

VANCOUVER, British Columbia, Sept. 10, 2019 -- Chakana Copper Corp. (TSX-V: PERU; OTCQB: CHKKF; FRA: 1ZX) (the “Company” or “Chakana”), is pleased to announce that drilling has encountered an unexpected tabular body of mineralized breccia in close proximity to Breccia Pipe 5 (Bx 5). The body is very well mineralized, open and has important exploration implications to all the targets at Soledad. These results are part of Chakana’s fully funded 20,000m Phase 3 drill program at the Soledad copper-gold-silver project in central Peru.

MONTREAL, Aug. 07, 2019  -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; OTCQX: OMZNF, FRANKFURT: 0B51) is pleased to announce preliminary flotation test work results from the Pine Point Project in the Northwest Territories, Canada. These results were obtained from testing representative drill core samples from the 2018-2019 definition drilling campaign that were pre-concentrated using an X-Ray Transmission (“XRT”) material sorter. The resulting concentrate was analyzed for lead and zinc as well as a suite of deleterious elements typically associated with smelter penalties.

 

Results from the optimized cleaner testwork are as follows:

 

Zinc recovery ranged between 93.1 to 94.5%

Lead recovery ranged from 87.4 to 91.4%

Zinc concentrate grade ranged between 63.6 to 64.1% Zn

Lead concentrate grade ranged between 67.9 to 72.1% Pb

Zinc concentrate is significantly below penalty thresholds for all deleterious impurities except MgO, which is at threshold limits