Uncategorized
Osisko Metals Announces Final 2022 Drill Results With Up to 10.0 Metres Grading 13.5% Zinc and 4.1% Lead
Osisko Metals Incorporated (TSX-V: OM) (OTCQX: OMZNF) (FRANKFURT: 0B51) is pleased to announce all remaining results from the 2022 definition drilling program at its Pine Point Project, located in the Northwest Territories, Canada. This ongoing drill program is designed to achieve an average drill spacing of approximately 30 metres within the modelled mineral resources. This spacing is intended to upgrade resources presently classified as Inferred to the Indicated category in order to be used in the Feasibility Study to be initiated in H2 2023.
The Company intends to complete the remainder of the infill drill program by the end of H1 2023. Six diamond drills are currently active at Pine Point and the Company plans to drill approximately 29,000 metres before spring. This program is primarily designed to convert the majority of deposits to the Indicated Mineral Resource category and will also explore zones between deposits where previous widely-spaced drilling suggests the potential for continuous mineralization.
Drill Hole Assay Composite Highlights:
- K51-22-PP-002: 10.00 metres, grading 13.46% Zn and 4.14% Pb (17.60% Zn+Pb)
- N204-22-PP-007: 10.00 metres, grading 7.63% Zn and 2.49% Pb (10.12% Zn+Pb)
- N204-22-PP-013: 11.00 metres, grading 8.92% Zn and 2.15% Pb (11.07% Zn+Pb)
Robert Wares, CEO and Chairman of the board, commented: “These positive definition drilling results continue to meet or exceed our expectations. The final 29,000 metre winter definition drill program has started and will supply required infill results to allow for a new mineral resource estimate that will be integrated into the feasibility study that will commence in H2 2023. This is at a time when the zinc price is rising significantly due to historically low inventory levels on Metal Exchanges, currently less than ten percent of what is considered critical levels of inventory. Pine Point would produce exceptionally clean and high-grade zinc concentrate that would be sought after by any number of smelters and traders globally.”
All intercepts reported below were within, or immediately adjacent to, the currently modelled and proposed open pit shells designed for the PEA. The results reported in Tables 1 & 2 below are within expectations for the infill program needed to convert the North, C2, EM, and N204 Zone deposits (K51, L27, M40, N204, N32, N33, O26, O27, Y56, and Y58) to the Indicated Mineral Resource category (See Map).
All reported results are from Tabular-style deposits characterized by continuous, flat-lying mineralization. More vertically continuous Prismatic-style mineralization was locally encountered within the Tabular-style mineralization.
Table 1: Drill Hole Composites.
| Hole Name | Zone | Deposit | From | To | Drill Width | True Width | Zn | Pb | Zn+Pb |
| (m) | (m) | (m) | (m) | % | % | % | |||
| BO-22-PP-001 | Expl. | 134.50 | 135.00 | 0.50 | 0.50 | 0.63 | 0.00 | 0.63 | |
| BO-22-PP-002 | Expl. | 81.00 | 82.00 | 1.00 | 0.74 | 0.24 | 0.60 | 0.84 | |
| IP08-22-PP-001** | Expl. | 46.00 | 47.00 | 1.00 | 1.00 | 0.42 | 0.01 | 0.43 | |
| IP08-22-PP-002 | Expl. | 36.00 | 37.00 | 1.00 | 0.74 | 0.00 | 0.00 | 0.01 | |
| K51-22-PP-001 | C2 | K51 | 31.00 | 39.00 | 8.00 | 8.00 | 4.77 | 0.71 | 5.48 |
| K51-22-PP-002 | C2 | K51 | 37.00 | 47.00 | 10.00 | 10.00 | 13.46 | 4.14 | 17.60 |
| K51-22-PP-003 | C2 | K51 | 40.00 | 46.00 | 6.00 | 6.00 | 8.39 | 0.71 | 9.10 |
| K51-22-PP-007 | C2 | K51 | 35.00 | 37.00 | 2.00 | 2.00 | 7.34 | 0.50 | 7.83 |
| K51-22-PP-008 | C2 | K51 | 40.00 | 43.00 | 3.00 | 3.00 | 6.27 | 0.28 | 6.55 |
| K51-22-PP-010 | C2 | K51 | 37.00 | 38.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| K51-22-PP-011 | C2 | K51 | 31.00 | 32.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| K51-22-PP-012 | C2 | K51 | 45.00 | 46.00 | 1.00 | 1.00 | 0.51 | 0.13 | 0.64 |
| K51-22-PP-013 | C2 | K51 | 37.00 | 40.00 | 3.00 | 3.00 | 4.17 | 0.17 | 4.33 |
| K51-22-PP-014 | C2 | K51 | 24.00 | 25.00 | 1.00 | 1.00 | 0.65 | 0.02 | 0.67 |
| L27-22-PP-001 | C2 | K51 | 4.50 | 6.00 | 1.50 | 1.50 | 1.86 | 0.23 | 2.09 |
| L27-22-PP-002 | C2 | K51 | 6.00 | 7.00 | 1.00 | 1.00 | 0.01 | 1.25 | 1.26 |
| L27-22-PP-003 | C2 | K51 | 9.00 | 15.00 | 6.00 | 6.00 | 2.31 | 0.65 | 2.96 |
| L27-22-PP-004 | C2 | K51 | 8.00 | 18.00 | 10.00 | 10.00 | 4.72 | 0.79 | 5.50 |
| L27-22-PP-005 | C2 | K51 | 8.00 | 9.00 | 1.00 | 1.00 | 1.26 | 0.03 | 1.28 |
| M40-22-PP-001 | N204 | N204A | 34.00 | 35.00 | 1.00 | 1.00 | 3.63 | 0.09 | 3.72 |
| N204-22-PP-001 | N204 | N204A | 38.00 | 43.00 | 5.00 | 5.00 | 6.34 | 1.79 | 8.13 |
| N204-22-PP-002 | N204 | N204A | 38.00 | 41.00 | 3.00 | 3.00 | 5.67 | 1.24 | 6.91 |
| N204-22-PP-003 | N204 | N204A | 33.00 | 35.00 | 2.00 | 2.00 | 7.94 | 1.43 | 9.37 |
| N204-22-PP-004 | N204 | N204A | 41.00 | 42.00 | 1.00 | 1.00 | 6.58 | 1.51 | 8.09 |
| N204-22-PP-005 | N204 | N204A | 34.00 | 37.00 | 3.00 | 3.00 | 6.02 | 1.15 | 7.18 |
| N204-22-PP-006 | N204 | N204A | 44.00 | 50.00 | 6.00 | 6.00 | 7.20 | 2.14 | 9.33 |
| N204-22-PP-007 | N204 | N204A | 34.00 | 44.00 | 10.00 | 10.00 | 7.63 | 2.49 | 10.12 |
| N204-22-PP-008 | N204 | N204A | 41.00 | 44.00 | 3.00 | 3.00 | 3.92 | 1.00 | 4.92 |
| N204-22-PP-009 | N204 | N204A | 39.00 | 43.00 | 4.00 | 4.00 | 15.60 | 3.63 | 19.23 |
| N204-22-PP-010 | N204 | N204A | 39.00 | 44.00 | 5.00 | 5.00 | 10.96 | 2.49 | 13.46 |
| N204-22-PP-011 | N204 | N204A | 34.86 | 44.00 | 9.14 | 9.14 | 8.15 | 1.95 | 10.09 |
| N204-22-PP-012 | N204 | N204A | 39.00 | 41.00 | 2.00 | 2.00 | 8.73 | 2.71 | 11.44 |
| N204-22-PP-012 | N204 | N204A | 61.00 | 63.00 | 2.00 | 2.00 | 9.86 | 2.40 | 12.26 |
| N204-22-PP-013 | N204 | N204A | 39.00 | 50.00 | 11.00 | 11.00 | 8.92 | 2.15 | 11.07 |
| N204-22-PP-014 | N204 | N204A | 43.00 | 45.00 | 2.00 | 2.00 | 6.56 | 3.00 | 9.56 |
| N204-22-PP-015 | N204 | N204A | 36.00 | 37.00 | 1.00 | 1.00 | 7.95 | 2.32 | 10.27 |
| N204-22-PP-016 | N204 | N204A | 43.00 | 45.00 | 2.00 | 2.00 | 21.45 | 6.25 | 27.70 |
| N204-22-PP-017* | N204 | N204A | 41.00 | 46.00 | 5.00 | 5.00 | 2.40 | 0.84 | 3.24 |
| N204-22-PP-018 | N204 | N204A | 37.00 | 46.00 | 9.00 | 9.00 | 4.74 | 1.32 | 6.06 |
| N204-22-PP-019 | N204 | N204A | 39.00 | 43.00 | 4.00 | 4.00 | 4.92 | 1.45 | 6.36 |
| N204-22-PP-020 | N204 | N204A | 35.00 | 39.00 | 4.00 | 4.00 | 4.34 | 1.17 | 5.50 |
| N204-22-PP-021 | N204 | N204A | 36.00 | 40.00 | 4.00 | 4.00 | 6.72 | 1.04 | 7.76 |
| N204-22-PP-022 | N204 | N204A | 36.00 | 39.00 | 3.00 | 3.00 | 8.04 | 2.74 | 10.78 |
| N204-22-PP-023 | N204 | N204A | 34.00 | 36.00 | 2.00 | 2.00 | 4.37 | 1.39 | 5.76 |
| N32-22-PP-001 | EM | N32 | 16.00 | 17.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| N32-22-PP-002 | EM | N33 | 12.00 | 17.00 | 5.00 | 5.00 | 2.47 | 0.63 | 3.10 |
| N32-22-PP-003 | EM | N34 | 15.00 | 16.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| N32-22-PP-004 | EM | N35 | 21.25 | 22.50 | 1.25 | 1.25 | 0.01 | 0.02 | 0.02 |
| N32-22-PP-005 | EM | N36 | 15.00 | 16.00 | 1.00 | 1.00 | 0.05 | 0.02 | 0.07 |
| N32-22-PP-006 | EM | N37 | 16.00 | 22.00 | 6.00 | 6.00 | 3.01 | 1.51 | 4.52 |
| N32-22-PP-007 | EM | N38 | 11.00 | 12.00 | 1.00 | 1.00 | 8.26 | 2.03 | 10.29 |
| N33-22-PP-001 | EM | N39 | 8.00 | 13.00 | 5.00 | 5.00 | 2.09 | 16.82 | 18.91 |
| N33-22-PP-002 | EM | N40 | 15.00 | 19.00 | 4.00 | 4.00 | 5.16 | 0.37 | 5.53 |
| N33-22-PP-003 | EM | N41 | 13.00 | 20.00 | 7.00 | 7.00 | 3.90 | 3.28 | 7.18 |
| N33-22-PP-004 | EM | N42 | 12.00 | 13.00 | 1.00 | 1.00 | 0.01 | 0.00 | 0.01 |
| N33-22-PP-005 | EM | N43 | 11.00 | 12.00 | 1.00 | 1.00 | 1.51 | 0.93 | 2.44 |
| N33-22-PP-006 | EM | N44 | 9.00 | 10.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| O26-22-PP-001* | EM | O26 | 20.00 | 24.00 | 4.00 | 4.00 | 9.86 | 3.58 | 13.44 |
| O26-22-PP-001* | EM | O26 | 35.00 | 36.00 | 1.00 | 1.00 | 12.15 | 2.61 | 14.76 |
| O26-22-PP-002 | EM | O26 | 12.00 | 13.00 | 1.00 | 1.00 | 2.96 | 0.36 | 3.32 |
| O27-22-PP-001 | EM | O27 | 14.00 | 15.00 | 1.00 | 1.00 | 0.12 | 0.10 | 0.23 |
| O27-22-PP-002 | EM | O27 | 10.00 | 11.00 | 1.00 | 1.00 | 0.83 | 0.29 | 1.12 |
| O27-22-PP-003 | EM | O27 | 7.00 | 8.00 | 1.00 | 1.00 | 2.97 | 1.50 | 4.47 |
| O27-22-PP-004 | EM | O27 | 14.00 | 15.00 | 1.00 | 1.00 | 13.45 | 1.05 | 14.50 |
| O27-22-PP-005 | EM | O27 | 9.00 | 10.00 | 1.00 | 1.00 | 5.27 | 1.10 | 6.37 |
| O27-22-PP-005 | EM | O27 | 18.00 | 19.00 | 1.00 | 1.00 | 4.78 | 8.36 | 13.14 |
| O27-22-PP-006 | EM | O27 | 10.00 | 11.00 | 1.00 | 1.00 | 1.84 | 4.18 | 6.02 |
| O27-22-PP-007 | EM | O27 | 9.00 | 10.00 | 1.00 | 1.00 | 0.86 | 1.91 | 2.76 |
| O27-22-PP-008 | EM | O27 | 11.00 | 12.00 | 1.00 | 1.00 | 0.25 | 0.26 | 0.51 |
| O27-22-PP-009 | EM | O27 | 8.00 | 10.00 | 2.00 | 2.00 | 7.92 | 0.40 | 8.32 |
| O27-22-PP-009 | EM | O27 | 19.00 | 20.00 | 1.00 | 1.00 | 9.31 | 0.85 | 10.16 |
| O53-22-PP-001 | C2 | O53 | 57.00 | 60.00 | 3.00 | 3.00 | 13.41 | 0.08 | 13.49 |
| O53-22-PP-002* | C2 | O53 | 21.00 | 22.00 | 1.00 | 1.00 | 1.11 | 0.35 | 1.45 |
| O53-22-PP-003 | C2 | O53 | 59.00 | 60.00 | 1.00 | 1.00 | 3.47 | 0.00 | 3.47 |
| O53-22-PP-004 | C2 | O53 | 15.00 | 26.00 | 11.00 | 11.00 | 1.84 | 4.74 | 6.58 |
| O53-22-PP-005 | C2 | O53 | 18.00 | 19.00 | 1.00 | 1.00 | 1.52 | 0.10 | 1.61 |
| Y56-22-PP-001 | N1 | Y56 | 19.00 | 20.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.01 |
| Y56-22-PP-002 | N1 | Y56 | 19.00 | 24.80 | 5.80 | 5.80 | 2.84 | 0.05 | 2.89 |
| Y56-22-PP-003 | N1 | Y56 | 16.00 | 17.00 | 1.00 | 1.00 | 1.56 | 0.20 | 1.76 |
| Y56-22-PP-004 | N1 | Y56 | 9.35 | 10.00 | 0.65 | 0.65 | 4.03 | 0.32 | 4.35 |
| Y58-22-PP-001 | N1 | Y58 | 20.00 | 21.00 | 1.00 | 1.00 | 0.01 | 0.00 | 0.01 |
* Within-deposit hydrogeological drill hole
** Off-deposit hydrogeological drill hole
Hydrogeological Program Update
Hydrogeological measurements over the past two years have consisted of: 1) Profile Tracer Tests that measure groundwater flow and conductivity of the bedrock stratigraphy within the drill hole, 2) Injection Tests to model aquifer characteristics, and 3) Physio-chemical measurements of the water within the drill holes to characterize the groundwater in and around the deposits.
This data was used to corroborate the results of the hydrogeological model used in the 2022 Preliminary Economic Assessment. In Q1 2023 the Company will evaluate various life-of-mine “Cluster” strategies in preparation for the FS. The Cluster strategy uses an area of approximately three kilometres by one kilometre in the North-South direction. The concept is that dewatering a mine site will impact and lower the amount of water to be pumped from nearby mine sites.
The hydrogeological model is continuously evolving as new field data is incorporated. The updated hydrogeological model will be used to continuously improve forecasts for dewatering volume estimates for the upcoming Pine Point FS. Additional hydrogeological monitoring wells will continue to be added as the 2023 infill drilling is completed this winter.
Qualified Person
Mr. Robin Adair is the Qualified Person and the Vice President of Exploration for Osisko Metals Incorporated. He is responsible for the technical data reported in this news release and is a Professional Geologist registered in the Northwest Territories.
Quality Assurance / Quality Control
Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation, and analyses. Drill core samples from the Pine Point project area are securely transported to its core facility on-site, where they are logged and sampled. Samples selected for assay are shipped to ALS Canada Ltd.’s preparation facility in Yellowknife. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for a multi-element suite with a 1% upper detection limit for base metals. Samples reporting over 1% for Zn and 1% for Pb are analyzed by assay grade, four acid digestion, and ICP-AES analysis with an upper detection limit of 30% and 20%, respectively. Samples with Zn >30% and or Pb >20% are analyzed by traditional titration.
Table 2: Drill Hole Collar Locations (NAD83 (CSRS) Zone 11)
| Hole Name | Zone | Deposit | Easting | Northing | Elev. (m) | Azm. | Dip | Length (m) |
| BO-22-PP-001 | Expl | 627372.0 | 6750481.9 | 177.4 | 0 | -90 | 198.0 | |
| BO-22-PP-002 | Expl | 627371.9 | 6750482.2 | 177.4 | 150 | -45 | 135.0 | |
| IP08-22-PP-001* | Expl | 632817.0 | 6743647.6 | 229.2 | 0 | -90 | 127.0 | |
| IP08-22-PP-002 | Expl | 632817.2 | 6743647.6 | 229.2 | 150 | -45 | 72.0 | |
| K51-22-PP-001 | C2 | K51 | 635165.4 | 6747899.8 | 213.1 | 0 | -90 | 51.0 |
| K51-22-PP-002 | C2 | K51 | 635142.4 | 6747886.0 | 213.1 | 0 | -90 | 54.0 |
| K51-22-PP-003 | C2 | K51 | 635150.1 | 6747857.3 | 213.2 | 0 | -90 | 54.0 |
| K51-22-PP-007 | C2 | K51 | 635024.4 | 6747888.1 | 213.0 | 0 | -90 | 48.0 |
| K51-22-PP-008 | C2 | K51 | 635113.2 | 6747884.6 | 213.1 | 0 | -90 | 51.0 |
| K51-22-PP-010 | C2 | K51 | 635011.2 | 6747919.6 | 212.9 | 0 | -90 | 48.0 |
| K51-22-PP-011 | C2 | K51 | 634983.3 | 6747898.7 | 212.9 | 0 | -90 | 48.0 |
| K51-22-PP-012 | C2 | K51 | 635000.2 | 6747873.2 | 213.0 | 0 | -90 | 48.0 |
| K51-22-PP-013 | C2 | K51 | 635041.5 | 6747848.2 | 213.1 | 0 | -90 | 51.0 |
| K51-22-PP-014 | C2 | K51 | 635092.5 | 6747843.3 | 213.0 | 0 | -90 | 51.0 |
| L27-22-PP-001 | EM | L27 | 644765.5 | 6752907.5 | 206.8 | 0 | -90 | 12.0 |
| L27-22-PP-002 | EM | L27 | 644806.7 | 6752896.7 | 209.0 | 0 | -90 | 12.0 |
| L27-22-PP-003 | EM | L27 | 644756.2 | 6752872.6 | 211.0 | 0 | -90 | 18.0 |
| L27-22-PP-004 | EM | L27 | 644834.3 | 6752832.2 | 214.1 | 0 | -90 | 24.0 |
| L27-22-PP-005 | EM | L27 | 644822.7 | 6752804.2 | 214.0 | 0 | -90 | 12.0 |
| M40-22-PP-001 | EM | M40 | 639637.0 | 6749557.7 | 222.9 | 0 | -90 | 42.0 |
| N204-22-PP-001* | N204 | N204A | 659460.4 | 6760866.5 | 180.5 | 0 | -90 | 63.0 |
| N204-22-PP-002 | N204 | N204A | 659501.3 | 6760846.3 | 180.4 | 0 | -90 | 63.0 |
| N204-22-PP-003 | N204 | N204A | 659538.9 | 6760843.7 | 178.5 | 0 | -90 | 51.0 |
| N204-22-PP-004 | N204 | N204A | 659411.3 | 6760838.3 | 182.0 | 0 | -90 | 60.0 |
| N204-22-PP-005 | N204 | N204A | 659535.0 | 6760809.2 | 179.8 | 0 | -90 | 54.0 |
| N204-22-PP-006 | N204 | N204A | 659369.1 | 6760728.5 | 184.0 | 0 | -90 | 60.0 |
| N204-22-PP-007 | N204 | N204A | 659625.8 | 6760684.0 | 182.3 | 0 | -90 | 54.0 |
| N204-22-PP-008 | N204 | N204A | 659520.3 | 6760674.1 | 183.3 | 0 | -90 | 61.5 |
| N204-22-PP-009 | N204 | N204A | 659483.3 | 6760673.1 | 183.3 | 0 | -90 | 60.0 |
| N204-22-PP-010 | N204 | N204A | 659472.0 | 6760649.3 | 183.4 | 0 | -90 | 60.0 |
| N204-22-PP-011 | N204 | N204A | 659606.9 | 6760645.9 | 183.7 | 0 | -90 | 56.0 |
| N204-22-PP-012 | N204 | N204A | 659512.4 | 6760642.4 | 184.1 | 0 | -90 | 63.0 |
| N204-22-PP-013 | N204 | N204A | 659543.3 | 6760584.7 | 185.3 | 0 | -90 | 57.0 |
| N204-22-PP-014 | N204 | N204A | 659484.3 | 6760555.0 | 185.5 | 0 | -90 | 63.0 |
| N204-22-PP-015 | N204 | N204A | 659625.8 | 6760553.8 | 183.3 | 0 | -90 | 54.0 |
| N204-22-PP-016 | N204 | N204A | 659533.3 | 6760539.0 | 185.3 | 0 | -90 | 60.0 |
| N204-22-PP-017* | N204 | N204A | 659559.5 | 6760521.3 | 184.3 | 0 | -90 | 72.0 |
| N204-22-PP-018 | N204 | N204A | 659587.7 | 6760516.1 | 183.0 | 0 | -90 | 51.0 |
| N204-22-PP-019 | N204 | N204A | 659549.0 | 6760478.7 | 183.5 | 0 | -90 | 60.0 |
| N204-22-PP-020 | N204 | N204A | 659592.0 | 6760456.7 | 181.3 | 0 | -90 | 60.0 |
| N204-22-PP-021 | N204 | N204A | 659573.3 | 6760419.3 | 181.4 | 0 | -90 | 54.0 |
| N204-22-PP-022 | N204 | N204A | 659556.6 | 6760395.9 | 181.6 | 0 | -90 | 53.0 |
| N204-22-PP-023 | N204 | N204A | 659548.6 | 6760279.4 | 178.3 | 0 | -90 | 48.0 |
| N32-22-PP-001 | EM | N32 | 643126.0 | 6751246.4 | 221.6 | 0 | -90 | 24.0 |
| N32-22-PP-002 | EM | N32 | 643206.6 | 6751149.2 | 212.4 | 0 | -90 | 21.0 |
| N32-22-PP-003 | EM | N32 | 643225.2 | 6751103.6 | 208.3 | 0 | -90 | 22.5 |
| N32-22-PP-004 | EM | N32 | 643179.3 | 6751098.2 | 214.9 | 0 | -90 | 22.5 |
| N32-22-PP-005 | EM | N32 | 643083.4 | 6750936.0 | 214.4 | 0 | -90 | 21.0 |
| N32-22-PP-006 | EM | N32 | 643132.2 | 6750927.9 | 214.2 | 0 | -90 | 27.0 |
| N32-22-PP-007 | EM | N32 | 643062.5 | 6750914.4 | 214.3 | 0 | -90 | 21.0 |
| N33-22-PP-001 | EM | N33 | 642611.8 | 6750692.1 | 215.0 | 0 | -90 | 18.0 |
| N33-22-PP-002 | EM | N33 | 642687.7 | 6750668.6 | 215.1 | 0 | -90 | 21.0 |
| N33-22-PP-003 | EM | N33 | 642543.9 | 6750660.0 | 215.2 | 0 | -90 | 24.0 |
| N33-22-PP-004 | EM | N33 | 642869.2 | 6750481.9 | 215.6 | 0 | -90 | 15.0 |
| N33-22-PP-005 | EM | N33 | 642813.9 | 6750454.7 | 215.7 | 0 | -90 | 15.0 |
| N33-22-PP-006 | EM | N33 | 642852.1 | 6750438.3 | 215.7 | 0 | -90 | 15.0 |
| O26-22-PP-001* | EM | O26 | 646635.6 | 6751907.5 | 207.5 | 0 | -90 | 42.0 |
| O26-22-PP-002 | EM | O26 | 646601.1 | 6751876.8 | 207.5 | 0 | -90 | 21.0 |
| O27-22-PP-001 | EM | O27 | 646542.9 | 6752227.6 | 208.6 | 0 | -90 | 21.0 |
| O27-22-PP-002 | EM | O27 | 646521.8 | 6752210.1 | 208.5 | 0 | -90 | 15.0 |
| O27-22-PP-003 | EM | O27 | 646592.7 | 6752204.5 | 208.0 | 0 | -90 | 15.0 |
| O27-22-PP-004 | EM | O27 | 646541.1 | 6752192.8 | 208.5 | 0 | -90 | 27.0 |
| O27-22-PP-005 | EM | O27 | 646563.2 | 6752160.4 | 208.1 | 0 | -90 | 30.0 |
| O27-22-PP-006 | EM | O27 | 646519.1 | 6752147.4 | 208.2 | 0 | -90 | 27.0 |
| O27-22-PP-007 | EM | O27 | 646581.8 | 6752129.1 | 207.7 | 0 | -90 | 24.0 |
| O27-22-PP-008 | EM | O27 | 646497.2 | 6752122.5 | 208.2 | 0 | -90 | 15.0 |
| O27-22-PP-009 | EM | O27 | 646543.7 | 6752095.2 | 207.7 | 0 | -90 | 24.0 |
| O53-22-PP-001 | C2 | O53 | 633903.8 | 6745683.6 | 225.1 | 0 | -90 | 72.0 |
| O53-22-PP-002* | C2 | O53 | 634243.5 | 6745668.3 | 225.5 | 0 | -90 | 80.0 |
| O53-22-PP-003 | C2 | O53 | 634189.0 | 6745661.1 | 225.6 | 0 | -90 | 78.0 |
| O53-22-PP-004 | C2 | O53 | 634221.9 | 6745687.4 | 225.7 | 0 | -90 | 27.0 |
| O53-22-PP-005 | C2 | O53 | 634214.7 | 6745669.5 | 225.2 | 0 | -90 | 27.0 |
| Y56-22-PP-001 | N1 | Y56 | 633894.3 | 6752141.1 | 183.3 | 0 | -90 | 27.0 |
| Y56-22-PP-002 | N1 | Y56 | 633839.8 | 6752135.6 | 183.1 | 0 | -90 | 27.0 |
| Y56-22-PP-003 | N1 | Y56 | 633761.4 | 6752119.3 | 186.9 | 0 | -90 | 21.0 |
| Y56-22-PP-004 | N1 | Y56 | 633859.4 | 6752110.6 | 183.3 | 0 | -90 | 21.0 |
| Y58-22-PP-001 | N1 | Y58 | 633901.4 | 6751914.7 | 184.5 | 0 | -90 | 27.0 |
* Within-deposit hydrogeological drill hole
** Off-deposit hydrogeological drill hole
About Osisko Metals
Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical base metals space. The Company controls one of Canada’s premier past-producing zinc mining camps, the Pine Point Project, located in the Northwest Territories for which the 2022 PEA has indicated an after-tax NPV of $602M and an IRR of 25%. The study is based on the current Mineral Resource Estimates that are amenable to open pit and shallow underground mining and consist of 15.7Mt grading 5.55% ZnEq of Indicated Mineral Resources and 47.2Mt grading 5.94% ZnEq of Inferred Mineral Resources. Please refer to the technical report entitled “Preliminary Economic Assessment, Pine Point Project, Hay River, Northwest Territories, Canada” dated July 30th, 2022 that has been filed on SEDAR. The Pine Point Project is located on the south shore of Great Slave Lake in the Northwest Territories, near infrastructure and paved highway access, and also has an electrical substation as well as 100 kilometres of viable haulage roads already in place on site.
The Company is also in the process of acquiring, from Glencore Canada, a 100% interest in the past-producing Gaspé Copper Mine, located near Murdochville in the Gaspé peninsula of Quebec. The Company is currently focused on resource evaluation of the Mount Copper Expansion Project that currently hosts a NI43-101 Inferred Mineral Resource Estimate of 456Mt grading 0.31% Cu (see April 28, 2022 press release). Gaspé Copper hosts the largest undeveloped copper resource in Eastern North America, strategically located near existing infrastructure in the mining-friendly province of Quebec.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e2d755d9-a924-47e9-b25f-98a4ff836c2b
Posted January 12, 2023
MORE or "UNCATEGORIZED"
Aya Gold & Silver Reports High-Grade Silver Exploration Results Near Pit and at Depth at Zgounder
Aya Gold & Silver Inc. (TSX: AYA; NASDAQ: AYA) is pleased to... READ MORE
September 16, 2026
New Break Resources Ltd. (CSE: NBRK) (OTCQB: NBRKF) (FSE: O91) has received results from the last four holes of a ten-hole, 1,996 metre summer drilling program in the Zavitz gold zone at the Company's 100% owned Moray gold project. In total, New Break has completed 5,372 metres of drilling in 32 drillholes in 2026. Moray is located 49 km southeast of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc. Select results from the final four of ten holes drilled in the summer drilling program are presented below in Table 1, while drillhole collar locations are detailed in Table 2 in Appendix A. Table 1 – Moray Summer 2026 Final Drill Results Hole ID Length (m) From (m) To (m) Width (1) (m) Au Grade (2) (g/t) NBR-26-29 322.0 77.3 78.8 1.5 0.42 and 138.0 139.1 1.1 0.38 and 162.5 173.3 10.8 (3) 1.61 and 227.4 229.0 1.6 1.21 and 231.5 232.1 0.6 1.72 NBR-26-30 250.0 37.0 38.0 1.0 0.30 and 102.8 103.5 0.7 0.60 and 121.5 122.5 1.0 0.36 and 124.5 125.5 1.0 0.33 and 128.5 129.0 0.5 0.90 and 131.0 132.0 1.0 0.36 and 169.8 174.0 4.2 2.65 and 178.0 179.5 1.5 0.77 and 183.5 186.6 3.1 1.22 and 190.0 190.5 0.5 1.06 and 191.5 192.5 1.0 1.48 and 196.0 200.5 4.5 2.53 and 203.5 204.0 0.5 2.15 and 206.5 212.0 5.5 1.57 NBR-26-31 274.0 169.0 170.5 1.5 0.37 and 184.5 186.0 1.5 0.51 and 197.0 200.0 3.0 0.94 and 201.5 202.0 0.5 0.50 and 203.5 210.0 6.5 (3) 3.12 NBR-26-32 352.0 73.5 74.0 0.5 0.44 and 174.0 174.6 0.6 0.52 and 194.0 195.0 1.0 0.66 and 199.8 203.3 3.5 2.29 and 227.3 228.0 0.7 0.97 (1) Intervals are drill intersections and do not necessarily represent true widths. (2) All intervals are presented using a cut-off grade of 0.3 g/t Au and internal dilution of no more than 1.0 metres at grades less than 0.3 g/t Au and assays are not capped (see QA/QC Procedures). (3) Drill core photos shown in Appendix B. Figure 1 – Newly Reported Drillholes NBR-26-29, 30 Figure 2 – Newly Reported Drillholes NBR-26-30, 31, 32 Note: The bottom of NBR-26-30 deviated southeast and is represented in both sections. Figure 1: Section B-B1 incorporates drillholes NBR-26-06, 07, 08, 25, 26, 27, 28, 29 and part of 30. Gold mineralization extends southeast into the syenite as exhibited in NBR-26-29. NBR-26-30 is identified in both sections A-A1 and B-B1 as the drillhole was collared along section A-A1 but deviated southeast, intersecting gold mineralization in the mafic volcanics in section B-B1. Figure 2: A-A1 incorporates drillholes NBR-26-03, 04, 05, 23, 24, 30, 31 and 32. NBR-26-31 exhibits gold mineralization both within the syenite (at the contact) and within a "flow breccia" within the hematite altered mafic volcanic at the contact. NBR-26-32 is typified by blocky faulted ground with lamprophyre dykes and gold mineralization in the hematite altered mafic volcanics in a brecciated quartz vein with angular syenitic fragments. William Love, Chief Executive Officer of New Break commented, "Ongoing drilling this summer in the Zavitz gold zone continues to deliver significant gold values, with gold mineralization intercepted in every drillhole. As depicted in Figures 1 and 2, gold mineralization has been encountered predominantly within the mafic volcanics. Importantly, drillholes NR-26-29 and NR-26-32, the deepest drilled to date, demonstrate that gold mineralization extends into the syenite to the southeast at the contact with the mafic volcanics." He further noted, "The intrusive-mafic volcanic contact in the Zavitz gold zone has a distinctive magnetic high. This could be reflective of the higher proportion of iron in these mafic volcanics, which is associated with the higher gold values. This same magnetic and IP signature has been identified elsewhere in areas also believed to be along the intrusive-mafic volcanic contact. Drilling these never before tested targets with the goal of identifying gold mineralization similar to that encountered in the Zavitz zone represents the potential for significantly expanding the Moray gold discovery. There is also the belief that the Zavitz zone could represent the first of a series of stacked mineralized gold zones, which would point to the potential for a much larger gold system at depth. We plan to test this through deeper drilling directly into the Zavitz zone." About the Moray Gold Project The Moray property is located in the heart of the Ontario Abitibi greenstone belt, 49 km southeast of Timmins surrounded by a number of significant gold producing companies and existing mills (see Figure 3). The Young-Davidson gold mine operated by Alamos Gold Inc., with its 8,000 tonne per day mill is the closest and within a short trucking distance of approximately 45 km by road from Moray. The understanding of gold mineralization at Moray continues to evolve with each round of drilling. The occurrence of gold mineralization extending into the syenite to the southeast of the Zavitz zone and in the deepest drillholes is noteworthy given the presence of syenite-hosted mineralization at Young-Davidison. More recent examination of the drill core also suggests that the gold mineralization discovered to date may resemble an intrusion related style of deposit like Agnico Eagle's Upper Beaver gold deposit east of Kirkland Lake, as opposed to a structurally hosted gold system. Both Young-Davidson and Upper Beaver host multi-million ounce gold deposits. Figure 3 – Moray Location Map: Surrounding Gold Producers and Upper Beaver Gold Project Technical Content and Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by Peter C. Hubacheck, P. Geo, consulting geologist to New Break, and an independent Qualified Person as defined by National Instrument 43-101. Mr. Hubacheck certifies that this news release fairly and accurately reflects the technical information and data presented. New Break conducts its exploration activities in accordance with CIM Best Practices Guidelines. QA/QC Procedures QA/QC procedures were executed to ensure all work is conducted in accordance with best practices. All drill core was sawn in half with one half of the core prepared for shipment and the other half retained for future verification. All core is under watch from the drill site to the core processing facility. Drill core is BQTK size and sample intervals range from 0.5 metres to 1.0 metres in length. Commercially prepared certified reference material ("CRM") standards and blanks were inserted with each shipment at a rate of 1 QAQC sample in every 12 core samples. Samples from New Break's 2026 Moray drilling program were analyzed at Activation Laboratories in Timmins, Ontario, which is ISO 17025 certified, by 30-gram fire assay with atomic absorption finish. Any sample assaying greater than 10.0 g/t Au was re-assayed with fire assay gravimetric analysis. Grade composite intervals over core lengths are calculated using a weighted average grade with a cut-off grade of 0.3 g/t Au. Up to 1.0 m of internal dilution (consecutive interval below cut-off grade) are included within specific geologic domains and alteration assemblages, except as otherwise noted. The composites are constrained geologically by metasomatic alteration processes sourcing from the Fiset syenite intrusion and contact mafic volcanic rocks. Elevated gold values are coincident with hematite, silica, sericite and pyrite mineralization within structurally prepared brecciated corridors flanking the intrusion. Intervals are not true widths and no top cutting has been applied to the higher gold values. About New Break Resources Ltd. New Break is a Canadian mineral exploration company focused on its Moray gold project located 49 km southeast of Timmins, Ontario, in a well-established mining camp within proximity to existing infrastructure, and 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. Shareholders are also leveraged to exploration success in Nunavut, Canada, through New Break's 20% carried interest in the Sundog gold project and ownership of 6.0 million shares of Guardian Exploration Inc. (TSXV: GX). The Company is supported by a highly experienced team of mining professionals. Appendix A – Drillhole Data and Locations Table 2 – Moray Summer 2026 Drillhole Collar Locations Hole ID Length (m) UTM Easting UTM Northing UTM Elevation Azimuth (degrees) Dip (degrees) NBR-26-29 322.0 492703 5320285 363 220 -70 NBR-26-30 250.0 492708 5320329 363 220 -47 NBR-26-31 274.0 492708 5320329 363 220 -60 NBR-26-32 352.0 492708 5320329 363 220 -70 Total 1,198.0 Coordinates are reported in UTM Zone 17 North, with units in metres. Figure 4 – Zavitz Gold Zone – Surface Traces of 2025 and 2026 Drillholes. All of the drilling at Moray has been completed by Enviro North Exploration Inc. out of Sturgeon Falls, Ontario. Drilling in the Zavitz gold zone is shown in figure 4, with the 1,996 metres in 10 holes drilled this summer depicted in red, the 2,807 metres in 20 holes drilled from January to April 2026 shown in blue and the 1,817 metres in 8 holes drilled in 2025 shown in black. In total, 6,620 metres in 38 drillholes have been completed in the Zavitz gold zone, while New Break has completed a total of 5,372 metres in 32 drillholes of our planned 2026, 10,000 metre drilling program. Appendix B – Drill Core Photos From NBR-26-29 and NBR-26-31
New Break Resources Ltd. (CSE: NBRK) (OTCQB: NBRKF) (FSE: O91) ha... READ MORE
September 16, 2026
New Found Gold Declares Commercial Production at Hammerdown Gold Mine
New Found Gold Corp. (TSX: NFGC) (NYSE American: NFGC) is pleased... READ MORE
September 16, 2026
G Mining Ventures Extends High-Grade Mineralization at Gurupi and Confirms Continuity at Depth at TZ
G Mining Ventures Corp. (TSX:GMIN | OTCQX:GMINF) provides an upda... READ MORE
September 16, 2026
Goliath Reports Multiple Holes With Visible Gold And Up To 13.81 g/t Au Over 4.85 Meters From Golden Gate Zone, 5.27 g/t AuEq Over 9.85 Meters From Surebet Zone At The High-Grade Gold Surebet Discovery that Remains Open for Expansion, Golden Triangle, B.C.
Assay results for drill holes GD-26-414, GD-26-426, GD-26-439, GD... READ MORE
September 16, 2026
