BOWMORE (OSISKO METALS ) SIGNIFICANTLY INCREASES LAND POSITION IN THE BATHURST MINING CAMP Land position doubles in the BMC and now exceeds 40,000 hectares
BOWMORE (OSISKO METALS ) SIGNIFICANTLY INCREASES LAND POSITION IN
THE BATHURST MINING CAMP
Land position doubles in the BMC and now exceeds 40,000 hectares
(Montréal, Québec – June 5, 2017) Bowmore Exploration Ltd. (the “Company” or “Bowmore”)
(BOW: TSX -V) (FRANKFURT: OB5) is pleased to announce that it has acquired a significant land
position by staking an additional 1,164 mineral claim units covering a surface area of 24,572
hectares in the Bathurst Mining Camp (“BMC”) of New Brunswick . Following the acquisition o f the
Brunswick Belt in March (s ee March 7 press r elease), the Company now controls more than 40,000
hectares in th e district . The mineral claims are located southwest of the City of Bathurst, in New
Brunswick, and are illustrated on the following map . (LINK TO BMC MAP).
The Bathurst Mining Camp was a major producer of base metal ores for over fifty years, with total
production reaching approximately 1 36 M tonnes of 12% Zn+Pb before the closure of Brunswick
No.12 in 2013. Glencore Canada abandoned a significant number of claims in the camp in recent
months, allowing the Company to acquire key exploration ground.
The Company intends to change its name to O sisko Metals Incorporated (“Osisko Metals”) in order
to create a new base metal exploration and development company within the Osisko group of
companies (see June 1 press release) . Osisko Metals will be focused in Eastern Canada in the
medium term with an emphasis on zinc exploration and development pro jects.
Jeff Hussey, incoming President and CEO commented , “The Company’s increased land position in
the Bathurst Mining Camp gives Osisko Metals an excellent opportunity to explore in one of the
best areas in Canada for zinc . Modern geological interpretation has opened up new areas for
exploration in the BMC and the Company will capitalize on these new models. The near-term
strategy will focus on exploration and resource definition of multiple smaller scale deposits that can
potentially be combined into a centralized concentrator .”
Jeff Hussey P. Geo., is the Qualified Person who has reviewed this news release and is responsible
for the technical information reported herein.
About BOWMORE EXPLORATION LTD.
Osisko Metals Inc. (an Osisko group company) is a Canadian base metal exploration and development
company exploring to create value in the zinc space in Canada. In 2017 , the C ompany acquired 40,000
hectares in the Bathurst Mining Camp (“BMC”), a major zinc -lead-silver producing district. The objective is
to re-evaluate the BMC for a multi -deposit model combined with a central concentrator. Several deposits
are currently being reviewed. In Quebec , the C ompany acquired 42,000 hectare s that cover 12 grass -root
zinc properties that will be selectively advanced. In parallel , Osisko Metals will be monitoring zinc -oriented
peers for other opportunities. Osisko Gold Royalties Ltd. (OR:TSX / NYSE) is a significant shareholder of the
Company with approximately 20.5% ownership.
Paul Dumas
President & CEO
BOWMORE Exploration Ltd.
(514) 861 -4441
Email [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward -Looking Information
This news release contains "forward -looking information" within the meaning of the applicable Canadian securities
legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release.
The information provided in this news release about the exploration and/or r esource development projects, including new
results from drill programs, the significance of assay results, potential mineralization, including the discovery of new
mineralized zone, the potential to extend mineralization in any direction, the ability to c omplete any proposed
exploration activities and the results of such activities, the continuity or extension of any mineralization and any other
information herein that is not a historical fact, may all be forward -looking information. Any statement that inv olves
discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions,
future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected",
"interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts",
"estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or
results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact
and may be forward -looking information and are intended to identify forward -looking information. This forward -looking
information is based on reason able assumptions and estimates of management of the Company, at the time it was made,
involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of Company to be materially different fr om any future results, performance or achievements expressed or
implied by such forward -looking information. Such factors include, among others, risks relating to the ability of
exploration activities (including drill results) to accurately predict mineral ization; errors in management's geological
modelling; the ability of Company to complete further exploration activities, including drilling; property interests in the
relevant projects; the ability of the Company to obtain required approvals and complete t ransactions on terms
announced; the results of exploration activities; risks relating to mining activities; the global economic climate; metal
prices; dilution; environmental risks; and community and non -governmental actions. Although the forward -looking
information contained in this news release is based upon what management believes, or believed at the time, to be
reasonable assumptions, Company cannot guarantee shareholders and prospective purchasers of securities of the
Company that actual results will be consistent with such forward -looking information, as there may be other factors that
cause results not to be as anticipated, estimated or intended, and neither Company nor any other person assumes
responsibility for the accuracy and completeness of any such forward -looking information. Company does not undertake,
and assumes no obligation, to update or revise any such forward -looking statements or forward -looking information
contained herein to reflect new events or circumstances, except as may be requir ed by law.