Osisko Metals Announces Phase 1 Drill Program is Underway at the Mount Fronsac Project
OSISKO METALS ANNOUNCES PHASE 1 DRILL PROGRAM IS UNDERWAY AT
THE MOUNT FRONSAC PROJECT
(Montreal – November 2 , 2017) Osisko Metals Incorporated (the “ Company” or “ Osisko Metals ”)
(TSX-V: OM; FRANKFURT: OB5) is pleased to announce that drilling at the Mount Fronsac project is
underway. This maiden drill program is within the previously announced 50,000-metre program planned
for the Bathurst Mining Camp (“BMC”) that also includes the Gilmour South program (see news releases
dated September 11 and October 19, 2017).
Mount Fronsac is one of the most recent discoveries in the BMC and the unclassified historical resource
is listed in the New Brunswick Mineral Occurrence file (“NBMO”) as hosting 1,260,000 tonnes grading
7.65% zinc, 2.18% lead and 40.3 g/t silver. The objective of the drill program is to increase and upgrade
the historical resource to comply with NI43 -101 standards. The first phase of drilling will include 25
holes with intercepts spaced at 50 to 100m apart for a total of 10,000m.
Jeff Hussey, President and CEO of Osisko Metals, commented: “The Mount Fronsac project remains
largely unexplored. We strongly believe the property offers an excellent potential for resource expansion
in the BMC. This is the second of three projects targeted for drilling this fall and will provide steady news
flow into 2018.”
About Mount Fronsac
The relatively high-grade Mount Fronsac deposit is hosted within 14 million tonnes of low -grade, pyritic
semi-massive to massive sulfides that occur in an envelope of favorable alteration ( quartz-sericite ±
chlorite schist ). The amount of lower grade sulphide mineralization is indicative of a significant
mineralizing system which offers potential for additional high grade resources.
The higher-grade portion of the deposit has a north -south strike length of 525 metres and a down dip
length of 600 metres. Thickness varies from 2 metres up to a maximum of 20 metres. The host rocks at
Mount Fronsac North are contemporaneous and similar to the Brunswick Horizon in the BMC, which
hosted the world-class former Brunswick No. 12 mine.
The Osisko Metals claim group s in the Mt. Fronsac area also contain several kilometres of favorably
altered ( variably sulphidic with quartz-sericite ± chlorite) Brunswick Horizon host rocks . There is
potential for structural thickening in the area based on the regional interpretation of fold repetitions and
faulting.
The NBMO files referen ce several other Pb-Zn mineralized massive sulphide occurrences in the area,
including Devil’s Elbow located 4 km west -northwest of Mt Fronsac. Devil’s Elbow is host to an
unclassified historic resource of 362,000 tonnes grading 1.2% Cu. The deposit is thought to be a feeder
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zone that typically u nderlies polymetallic massive sulphide bodies . To date, only minor Pb -Zn
mineralization has been identified around Devil’s Elbow.
Figure 1: Osisko Metals ’ Mount Fronsac project as well as other d eposits in the BMC list unclassified historical
resources that are not NI43-101 compliant. The Company is not treating these hi storical estimates as current mineral
resources and they are shown for reference purposes only.
About Osisko Metals
Osisko Metals is a Canadian exploration and development company creating value in the base metal
markets with an emphasis on zinc. In 2017, the Company acquired over 50,000 hectares in t he Bathurst
Mining Camp (“BMC”). The objective is to develop a multi -deposit asset base that would feed a central
concentrator. In parallel, Osisko Metals is monitoring several base metal oriented peers for pr ojects
hosting zinc, copper, and nickel for acquisition opportunities. In Québec, the Company acquired 42,000
hectares that cover 12 grass -root zinc targets that will be selectively advanced through exploration .
Osisko Gold Royalties Ltd. (TSX/NYSE: OR) an d Osisko Mining Inc. (TSX: OSK) are significant
shareholders of the Company.
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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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