OM.TO · 2017-12-06 12:00:00

Osisko Metals Intersects 12.4 Metres Assaying 9.3% Zinc + 2.8% Lead at the Mount Fronsac North Project

Drill Results

OSISKO METALS INTERSECTS 12.4 METRES ASSAYING 9.3% ZINC + 2.8% LEAD

AT THE MOUNT FRONSAC NORTH PROJECT

(Montreal – December 6 , 2017) Osisko Metals Incorporated (the “ Company” or “ Osisko Metals ”)

(TSX-V: OM; FRANKFURT: 0 B5) is pleased to announce the initial results from its maiden drilling

program on the Mount Fronsac North Project located 60 k ilometres west of Bathurst, New Brunswick. Drill

hole MF00-31-Wedge intersected 12.4 metres of 9.29% Zn and 2.84% Pb , and 45.1 grams per tonne

Ag.

Drill hole MF00-31-Wedge and another wedge cut from historical drill hole MF00-29, that is located 100m

south of MF00 -31-Wedge, were both drilled to confirm historical assays to comply with NI43-101

regulations that require using an accredited laboratory , and secondly to measure the variability of the

mineralization.

DDH Location NB

Stereographic

Angle /

Direction

From

(m)

Interval

(m)

(%)

(g/t)

MF00-31-

Wedge

N 7601617

E 2511564 -67o 270o 381.7 394.1 12.4 9.29 2.84 0.04 45.1 0.43

MF00-31

Original 382.4 389.7 7.4 9.51 2.38 0.02 41.9 0.31

MF00-29-

Wedge

N 7601523

E 2511560 -75o 268o 348.2 357.1 8.9 2.11 0.45 0.02 4.1 0.32

377.2 383.3 6.1 2.81 1.75 0.01 28.3 0.02

MF00-29

Original 348.0 359.0 11.0 2.05 1.39 0.02 29.4 0.21

377.4 383.8 6.4 5.50 4.41 0.01 52 0.07

MF17-43 N 7601573

E 2551561 -72o 268o

MF17-44 N 7601573

E 2551561 -61o 267o

MF17-45 N 7601733

E 2511471 -77o 268 o

MF17-46 N 7601733

E 2511471 -77o 268o

Assay results pending

and

Drill hole abandoned

Additional drill holes MF17-43 & 44 were both drilled between MF00-29 and MF00-31 in order to test the

high-grade mineralization at different elevations. Assay results are pending.

Click on link to open plan view map.

An additional d rill hole located 100 metres north of MF00 -31-Wedge, MF17 -46, was drilled to test

mineralization located 80 metres up dip from historical drill hole MF00-22 that intersected 2.3 metres of

1.44% Cu, 2.37% Zn, 1.07% Pb, 37.6 g/t Ag and 0.4 g/ t Au . MF17 -46 encountered 21.6 metres of

predominantly massive sulphide s from 363.8 to 385.4 meters (19.0m true thickness ) hosted in a broader

zone of semi massive and disseminated sulphides and stringer sulphides. Assay results are pending.

The next holes that are planned will test a 250-metre down dip gap between two mineralized historical

drill holes located 1 10 metres north of drill hole MF17-46. The lower and upper holes contained 4.87

metres of 1.27% Zn, 0.46% Pb and 7.9 g/ t Ag and 1.94 metres o f 2.12% Zn, 0.59% Pb, and 7.8 g/ t Ag

respectively.

The recently announced acquisition of the mineral claims to the north (see news release dated November

27,2017) that hosts the historical drill hole MF00 -26 contains 7.0 metres of 1.84% Cu and a separate

zone of 7.0 metres of 1.93 % Zn that is situated within a broader halo of 22.5 metres of semi-massive to

massive sulphide s. This drill hole is located approximately 180 metres north of the next holes planned

and almost 300 metres north of drill hole MF00-46.

Jeff Hussey, President and CEO of Osisko Metals, commented: “The Mount Fronsac North deposit is a

large sulphide zone that is currently defined by w idely spaced drill holes. Our objective is to extend the

boundaries of the high grade zones within the broader envelope of sulphide mineralization . Confirming

the grades of historical drill holes is an important first step in this process , and so far we ha ve been

successful in replicating significant intersections”.

Qualified Person

Mr. Gary Woods is the Senior Exploration Manager for Osisko Metals Incorporated and a Professional

Geologist registered in New Brunswick . He is the Qualified Person responsible for the technical data

reported in this news release.

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 New Brunswick. 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 b y fire assay -

atomic absorption.

About Mount Fronsac North

The Mount Fronsac North deposit contains a historical, non-NI43-101 compliant, unclassified resource of

1.26 million tonnes grading 7.65 % Zn, 2.18 % Pb, 0.14% Cu, 40.3 g/t Ag, and 0.40 g/t Au. This high-

grade zone is hosted within approximately 14 million tonnes of low-grade, semi-massive (>60%) to locally

massive sulfides that occur in an envelope of quartz-sericite ± chlorite schist.

The high-grade deposit has a north -south strike length of 525 metres and a down dip length of 600

metres. Thick ness varies between 2 to 20 metres. The alteration and disseminated mineralization halo

has a maximum thickness of 140 metres and contains up to 50 percent fine to coarse -grained

disseminated pyrite. The pyritic envelope is 900 metres long and extends down dip over 1,000 metres.

Massive sulfides are found throughout this alteration envelope, but preferentially occur at or near the

upper contact.

About Osisko Metals

Osisko Metals is a Canadian exploration and development company creating value in the base metal

space 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 could feed a central

concentrator. In parallel, Osisko Metals is monitoring several base metal oriented peers 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/N YSE: 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

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 applicable Canadian

securities legislation based on expectations, estimates and projections as at the date of this news

release. Forward -looking information involves risks, unce rtainties and other factors that could cause

actual events, results, performance, prospects and opportunities to differ materially from those expressed

or implied by such forward-looking information. Forward-looking information in this news release include s,

but is not limited to, the use of proceeds of the Offering; the timing and ability of the Corporation, if at all,

to obtain final approval of the Offering from the TSX Venture Exchange; an exemption being available

under MI 61-101 and Policy 5.9 of the TSX Venture Exchange from the minority shareholder approval and

valuation requirements for each related party transaction; objectives, goals or future plans; statements

regarding exploration results and exploration plans. Factors that could cause actual re sults to differ

materially from such forward -looking information include, but are not limited to, capital and operating

costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in

obtaining or failures to obt ain required governmental, environmental or other project approvals;

uncertainties relating to the availability and costs of financing needed in the future; changes in equity

markets; inflation; fluctuations in commodity prices; delays in the development o f projects; the other risks

involved in the mineral exploration and development industry; and those risks set out in the Corporation's

public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the

assumptions and factors used in preparing the forward -looking in formation in this news release are

reasonable, undue reliance should not be placed on such information, which only applies as of the date of

this news release, and no assurance can be given that such events will occur in the disclosed time

frames or at all . The Corporation disclaims any intention or obligation to update or revise any forward -

looking information, whether as a result of new information, future events or otherwise, other than as

required by law.

Neither the TSX Venture Exchange nor its Regula tion Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news

release. No stock exchange, securities commission or other regulatory authority has approved or

disapproved the information contained herein.

← Back to feed