| Announcement Date: | 2022-03-21 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Osisko Metals Inc. |
| Project name: | Pine Point |
| Location: | Canada |
| Commodities: | Lead,Zinc |
| Highlight: | Drilling results incl. 8.95m @ 11.92% Zn, 25.49% Pb from 50.65m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | (Montreal, March 21st, 2022) Osisko Metals Incorporated (the “Company” or “OsiskoMetals”) (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce further results from the definition drilling program at its Pine Point Project, located in the Northwest Territories, Canada. This program is designed to achieve an average drill spacing of approximately 30 metres and is required to upgrade deposits currently classified as Inferred Mineral Resources to the Indicated Mineral Resource category so that they can be included in a feasibility study. Currently, the Company is nearing completion of the 2022 PEA Update that will include updated commodity prices and reduced dewatering costs. The results reported today are from the late 2021 drill program and are located in the Central Zone and the East Mill Zone (see Map 1 and Tables 1 & 2). All intercepts were in Tabular-style mineralization and are within modelled open pit boundaries and underground stope areas. |
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