Osisko Metals Announces 17.15 % Zinc+Lead Over 11.0 Metres at Gilmour South
Osisko Metals Announces 17.15 % Zinc+Lead Over 11.0 Metres at Gilmour
South
MONTREAL, April 11, 2018 -- Osisko Metals Incorporated (the “ Company” or “ Osisko Metals ”) (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 nee ws 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 (“PPC”) located in the Northwest Territories and the advanced-exploration Bathurst Mining Camp (“BMC”), 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:OR) (NYSE:OR) and Osisko Mining Inc. (TSX:OSK) are
significant shareholders of the Company.
For further information on Osisko Metals, visit www.osiskometals.com or contact:
Jeff Hussey
President & CEO
Osisko Metals Incorporated
(514) 861-4441
Email: [email protected]
www.osiskometals.com
Christina Lalli
Director, Investor Relations
Osisko Metals Incorporated
(514) 861-4441
Email: [email protected]
www.osiskometals.com
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Exchange) accepts responsibility for the adequacy or accuracy of this release.
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based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves
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that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital
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Table 2: Drill hole information and location in New Brunswick Double Stereographic Projection (NBS)
Hole Number Azimuth (degrees) Dip (degrees) Length (m)
Easting Northing Elev.
NBS NBS (m)
GS-17-07A 85 -71 708.0 2,550,475 7,591,452 114.2
GS-17-09 78 -70 659.0 2,550,475 7,591,502 114.0
GS-18-11 85 -80 815.5 2,550,398 7,591,100 118.0
GS-18-12A 85 -70 674.0 2,550,479 7,591,552 118.0
GS-18-14 95 -70 753.3 2,550,580 7,590,565 115.1
GS-18-15 90 -83 818.0 2,550,410 7,591,915 121.0
GS-18-16 92 -80 1118.8 2,550,383 7,590,990 118.5
GS-18-17 80 -65 725.0 2,550,475 7,591,502 114.0
GS-18-18A 91 -80 926.5 2,550,398 7,591,100 118.1
GS-18-19 110 -79 758.0 2,550,550 7,591,346 112.6.