Osisko Metals Intersects 19.68% Zinc+Lead Over 6.30 Metres at Pine Point
Osisko Metals Intersects 19.68% Zinc+Lead Over 6.30 Metres at Pine Point
MONTREAL, Oct. 01, 2018 -- Osisko Metals Incorporated (the “ Company” or “Osisko Metals”) (TSX-V: OM; FRANKFURT:
OB51) is pleased to announce assay results from 9 drill holes completed in the East Mill Zone located in the Pine Point
Mining Camp (“PPMC”). Drill hole EM-18-PP-133 intersected 12.71% Zinc and 6.97% Lead (19.68% Lead + Zinc) over 6.30
metres. Three other holes also intersected significant zones of mineralization: hole EM-18-PP-136 intersected 3.96% Zinc
and 2.29% Lead (6.25% Lead + Zinc) over 5.33 metres , hole EM-18-PP-147 intersected 6.36% Zinc and 0.80% Lead
(7.16% Lead + Zinc) over 7.85 metres, and hole EM-18-PP-148 intersected 7.65% Zinc and 1.33% Lead (8.98% Lead +
Zinc)over 8.98 metres
All intersections are within a flat lying tabular-style deposit known as L-36 and all intercepts are located above 40 metre
vertical depths. (See 2018 Summer Drill Campaign East Mill L-36).
The historical L-36 deposit currently measures 800 metres in strike length with an average mineralized width of approximately
120 metres. It occurs within the East Mill Zone that hosts eight historical deposits containing unclassified historical resources
reported by Cominco Ltd. (1988). The L-36 deposit is located 1.7 kilometres to the east of the existing electrical sub-station
and former mill site along the main haulage road. The East Mill Zone extends 7.6 kilometres to the east of the substation and
is adjacent to the main haul road along its entire length. Highlights are listed below in Table 1 and details are provided in
Tables 3 & 4.
Table 1 : Selected Drill Highlights L-36
Hole Name Area Historical
Deposit
From To Width Zinc Lead Lead +
Zinc
(metres) (metres) (metres) % % %
EM-18-PP-133 East Mill L-36 25.70 32.00 6.30 12.71 6.97 19.68
EM-18-PP-136 East Mill L-36 30.37 35.70 5.33 3.96 2.29 6.25
EM-18-PP-147 East Mill L-36 28.98 36.83 7.85 6.36 0.80 7.16
EM-18-PP-148 East Mill L-36 32.10 39.25 7.15 7.65 1.33 8.98
Note: Lead + zinc grades may not add up exactly due to rounding to 1/100.
The Company is also pleased to announce additional assay results from 7 drill holes completed in the Central Zone. Drill hole
M6263-18-PP-021 intersected 2.47% Zinc and 3.31% Lead (5.78% Lead + Zinc) over 6.37 metres . Of note is hole M6263-
18-PP-030 that intersected 12.95% Zinc and 0.88% Lead (13.83% Lead + Zinc) over a revised 2.72 metres in a zone
below the targeted horizon.
All intersections are within a flat lying tabular-style deposit known as M-62, M-63 and all intercepts are located above 85
metre vertical depths . (See 2018 Summer Drill Campaign Central Zone M-62, M-63).
All reported holes are from the historical M-62, M-63 deposit that currently measures 1,100 metres in length with an estimated
mineralized width between 80 and 110 metres. within the Central Zone. The Central Zone hosts twelve historical deposits with
unclassified historical resources reported by Cominco Ltd. (1988) over a distance of 7.6 kilometres, (including the M-62, M-63
deposit of 789,200 tonnes at 6.7% Zinc and 2.5% Lead, Cominco Ltd., 1988). This area is located 11 kilometres to the west of
the electrical sub-station along the main haulage road. Highlights are listed below in Table 2 and details are provided in Tables
3 & 4.
Table 2 : Selected Drill Highlights M-62, M-63
Hole Name Area Historical
Deposit
From To Width Zinc Lead Lead + Zinc
(metres) (metres) (metres) % % %
M6263-18-PP-021 Central M-62, M-63 66.58 72.95 6.37 2.47 3.31 5.78
M6263-18-PP-030* Central M-62, M-63 81.42 84.14 2.72 12.95 0.88 13.83
*M6263-18-PP-030 was previously reported (See news release: September 5, 2018) but additional assays have increased the
width of the intersection.
Note: Lead + zinc grades may not add up exactly due to rounding to 1/100.
The objective of the 2018 drill program is to upgrade approximately 50 million tonnes of unclassified near-surface historical
resources within known deposits (Cominco Ltd.) to NI43-101 Inferred Mineral Resources as quickly as possible in areas
amenable to open pit mining. This will then be used as a resource base for future economic studies.
The 2018 program consists of approximately 700 drill holes within the Main Trend, a 20-kilometre long, portion of the PPMC
that is located on the south shore of Great Slave Lake in the Northwest Territories, near infrastructure and paved highway
access and with 100km of haulage roads already in place.
Note regarding historical resource and Qualified Person
The above-mentioned historical resources do not conform to National Instrument 43-101 standards. The Company is reporting
the historical estimates for reference purposes only. Neither Osisko Metals nor its consultants have completed sufficient work
to verify the historical estimates and these should not be relied upon for investment purposes. A Qualified Person has not done
sufficient work to classify the historical estimates as NI43-101 compliant mineral resources and there is no guarantee that
such work will allow conversion of such historical resources.
Stanley G. Clemmer, P. Geo registered in the Northwest Territories and is Chief Geologist for Pine Point Mining Limited, a
wholly owned subsidiary of Osisko Metals Limited. 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 the Pine Point project area were securely transported to
its core facility in Hay River, Northwest Territories where they were logged and sampled. Samples selected for assay were
shipped via secure transportation to the ALS Canada Ltd.’s preparation facility in Yellowknife. Pulps were analyzed at the ALS
Canada Ltd. facility in North Vancouver, British Columbia. All samples are analyzed by four acid digestion followed by both
ICP-AES and ICP-MS for ultra-trace level detection for a multi-element suite with a 1% upper detection limit for base metals.
Samples reporting over 1% for Zn and 1% for Pb are analyzed by assay grade four acid digestion and ICP-AES analysis with
an upper detection limit of 30% and 20% respectively. Samples reporting Zn >30% and or Pb >20% are analyzed by
traditional titration.
Table 3: Composite Assay Results
Hole Name Historical
Deposit
From To Drilled
Width
True
Width Zinc Lead Lead + Zinc
(metres) (metres) (metres) (metres) % % %
EM-18-PP-133 L-36 25.70 32.00 6.30 6.30 12.71 6.97 19.68
EM-18-PP-135 L-36 29.00 31.45 2.45 2.45 13.26 2.29 15.54
EM-18-PP-135 L-36 40.05 40.70 0.65 0.65 13.10 3.18 16.28
EM-18-PP-136 L-36 30.37 35.70 5.33 5.33 3.96 2.29 6.25
EM-18-PP-144 L-36 25.54 29.45 3.91 3.91 0.64 1.06 1.70
EM-18-PP-144 L-36 37.15 40.50 3.35 3.35 2.09 0.17 2.26
EM-18-PP-146 L-36 32.80 44.04 11.24 11.24 2.98 0.48 3.46
EM-18-PP-147 L-36 28.98 36.83 7.85 7.85 6.36 0.80 7.16
EM-18-PP-148 L-36 32.10 39.25 7.15 7.15 7.65 1.33 8.98
EM-18-PP-149 L-36 33.24 33.66 0.42 0.42 2.70 0.48 3.18
EM-18-PP-173 L-36 33.60 38.00 4.40 4.40 3.19 1.09 4.28
EM-18-PP-173 L-36 47.46 49.32 1.86 1.86 1.56 0.03 1.59
M6263-18-PP-003 M-62, M-63 66.00 67.00 1.00 1.00 1.03 0.23 1.26
M6263-18-PP-003 M-62, M-63 73.65 74.90 1.25 1.23 17.15 1.10 18.25
M6263-18-PP-012 M-62, M-63 67.75 69.70 1.95 1.92 4.76 0.01 4.77
M6263-18-PP-012 M-62, M-63 77.00 79.00 2.00 2.00 1.34 0.27 1.61
M6263-18-PP-018 M-62, M-63 65.00 65.30 0.30 0.30 2.44 0.32 2.76
M6263-18-PP-018 M-62, M-63 71.30 73.00 1.70 1.70 2.34 0.03 2.37
M6263-18-PP-021 M-62, M-63 66.58 72.95 6.37 6.27 2.47 3.31 5.78
M6263-18-PP-030 M-62, M-63 81.42 84.14 2.72 2.72 12.95 0.88 13.83
M6263-18-PP-037 M-62, M-63 70.70 75.85 5.15 4.67 2.49 0.14 2.63
M6263-18-PP-041 M-62, M-63 73.30 75.28 1.98 1.98 1.40 0.02 1.42
Table 4: Drill hole collar locations (UTM NAD83 zone 11)
Hole Name Area Deposit Easting Northing Elevation Azimuth Dip Depth
(metres)
EM-18-PP-133 East Mill L-36 641466.5 6750824.3 218.73 0 -90 56.00
EM-18-PP-135 East Mill L-36 641513.3 6750854.6 217.71 0 -90 55.00
EM-18-PP-136 East Mill L-36 641539.7 6750876.7 217.85 0 -90 53.30
EM-18-PP-144 East Mill L-36 641532.0 6750830.0 217.52 0 -90 55.90
EM-18-PP-146 East Mill L-36 641587.7 6750864.9 217.48 0 -90 56.90
EM-18-PP-147 East Mill L-36 641545.4 6750811.7 217.61 0 -90 59.00
EM-18-PP-148 East Mill L-36 641576.6 6750820.3 217.60 0 -90 55.40
EM-18-PP-149 East Mill L-36 641604.9 6750834.7 217.60 0 -90 57.40
EM-18-PP-173 East Mill L-36 641606.8 6750884.9 217.60 0 -90 60.50
M6263-18-PP-003 Central M-62, M-63 629445.5 6744308.0 220.51 75 -80 91.50
M6263-18-PP-012 Central M-62, M-63 629574.3 6744432.2 221.81 0 -90 93.50
M6263-18-PP-018 Central M-62, M-63 629529.9 6744444.5 220.11 0 -90 87.00
M6263-18-PP-021 Central M-62, M-63 629685.5 6744367.1 222.81 120 -80 98.00
M6263-18-PP-030 Central M-62, M-63 629735.2 6744469.1 224.47 0 -90 93.50
M6263-18-PP-037 Central M-62, M-63 629809.7 6744490.4 223.95 55 -65 96.00
M6263-18-PP-041 Central M-62, M-63 629799.4 6744605.8 219.31 0 -90 96.00
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 in Canada, namely the Pine Point Camp
(“PPMC”) located in the Northwest Territories (22,000 ha) and the Bathurst Mining Camp (“BMC”), located in northern New
Brunswick (63,000 ha). The Company is currently drilling in both camps for a combined 100,000 metres. The focus of these
programs is to upgrade historical resources to comply with NI43-101 regulations and also on exploration around historical
deposits. Brownfield exploration includes new innovative 3D compilation techniques, updated geological interpretation, and
modern geophysics. 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.
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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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 results 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 obtain 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 of projects; the other risks involved in the mineral exploration and development industry; and those
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the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue
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