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Osisko Metals Announces 17.15 % Zinc+Lead Over 11.0 Metres at Gilmour South

 

 

 

 

 

Osisko Metals Incorporated (TSX-V:OM) (FRANKFURT:OB51) is pleased to announce additional results from its drill program on the Gilmour South Project located 40 kilometres southwest of Bathurst, New Brunswick. Drill hole GS-18-19 intersected 13.76% Zn, 3.39% Pb, 0.23% Cu and 50.81g/t Ag over 11.00 metres within the targeted massive sulphide trend that now clearly links previous and historical intercepts not previously interpreted as a continuous zone. Additional results reported here suggest that the thicker massive sulphide portion of the trend extends over a lateral strike length of 420 metres as one continuous zone. See longitudinal map here.

 

 

Table 1: Drill hole assay results

 

 

 

Hole No. From
(m)
To (m) Drill
width(m)*
Zn (%) Pb
(%)
Cu
(%)
Ag
(g/t)
Au
(g/t)
GS-17-07A 626.65 633.30 6.65 3.48 0.51 0.37 18.77 0.28
GS-17-09 607.35 609.60 2.25 4.85 1.42 0.25 0.02 0.37
GS-18-11 668.33 672.70 4.37 5.35 1.93 0.28 16.87 0.29
GS-18-12A 629.00 630.00 1.00 0.15 0.01 0.16 0.00 0.01
GS-18-14 559.30 560.30 1.00 0.01 0.00 0.00 1.10 0.00
GS-18-15 790.73 791.30 0.57 0.49 0.06 0.84 1.20 0.00
GS-18-16 907.50 908.00 0.50 0.03 0.00 0.76 1.80 13.00
GS-18-17 584.00 591.00 7.00 0.95 0.15 0.03 2.77 0.03
GS-18-19 674.80 685.80 11.00 13.76 3.39 0.23 50.81 0.23

 

* True width is approximately 87% of core width unless otherwise noted

 

 

Jeff Hussey, President and CEO of Osisko Metals, commented: “The Gilmour South drill program has developed nicely since the start in Q3 2017. Previously interpreted as 3 lenses of mineralization, the exploration team has re-interpreted them into one larger zone that extends over 1.4 kilometres. Drill hole GS-18-19 opens up potential to expand the central thicker portion of the deposit boundary, that is mentioned above, further southward. As drilling continues, this target area will be a high priority. We are continuing the compilation of recent results and planning of the extended drill program at Gilmour South.”

 

 

Qualified Person

 

 

Mr. Robin Adair is the Qualified Person responsible for the technical data reported in this news release. He is a Professional Geologist registered in New Brunswick and is Vice President Exploration of Osisko Metals Incorporated.

 

 

Quality Assurance / Quality Control

 

 

Osisko Metals adheres to a strict Quality Assurance and Quality Control program with regard to core handling, sampling, transportation of samples and lab analyses. Drill core samples from Osisko Metals were securely transported to its core facility in Bathurst, New Brunswick where they were logged and sampled. Samples selected for assay were shipped via secure transportation to Activation Laboratories preparation facility in Fredericton. Pulps were analyzed at Activation Laboratories facility in Ancaster, Ontario. Zinc, lead and copper were analyzed by assay grade peroxide fusion (total digestion) with ICP-AES finish. Silver was analyzed by gravimetric fire assay and gold by fire assay-atomic absorption.

 

 

About Gilmour South

 

 

The Gilmour South project hosts the “Brunswick Horizon” and is located 20km south of the former Brunswick No. 12 mine and 7 km south of the former Brunswick No. 6 Mine. These mines produced approximately 150 million tonnes of +12% zinc equivalent. Brunswick No. 12 was the largest underground zinc mine for nearly 50 years, processing 10,500 tonnes per day on average. Both mines occurred in structural corridors that enhanced the thickness and grade of the sulphide horizon. 

 

 

The Brunswick Horizon is present at the Gilmour South property over a strike length of 2.7 kilometres based on host-rock types and alteration similar to the Brunswick Mines stratiform zinc-lead sulphide deposits otherwise known as the “Brunswick Horizon”.  Zinc and lead-bearing sulphide mineralization has been encountered over 1.4 kilometers of this strike length. Previously mineralization was not well-delineated and was investigated by relatively sparse historical drilling at approximately 200 metre centres.

 

 

About Osisko Metals

 

 

Osisko Metals is a Canadian exploration and development company creating value in the base metal space with a focus on zinc mineral assets. The Company controls Canada’s two premier zinc mining camps, namely the development-stage Pine Point Camp located in the Northwest Territories and the advanced-exploration Bathurst Mining Camp located in northern New Brunswick. The Company is currently drilling in both camps a combined 100,000 metres that will focus on upgrading and expanding historical deposits, bringing high-priority targets into NI 43-101 compliance and conducting brownfield exploration using new innovative 3D techniques. In Québec, the Company owns 42,000 hectares that cover 12 grass-root zinc targets that will be selectively advanced through exploration. In parallel, Osisko Metals is monitoring several base metal-oriented peers for opportunities. Osisko Gold Royalties Ltd. (TSX/NYSE: OR) and Osisko Mining Inc. (TSX: OSK) are significant shareholders of the Company.

 

Posted April 11, 2018

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