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.”