Osisko Metals Intersects 3.1 Metres Assaying 12.3% Zinc + 5.4% Lead at the Mount Fronsac North Project
OSISKO METALS INTERSECTS 3.1 METRES ASSAYING 12.3% ZINC + 5.4% LEAD
AT THE MOUNT FRONSAC NORTH PROJECT
(Montreal – January 17, 2018) Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-
V: OM; FRANKFURT: 0B5) is pleased to announce additional results from its drill program on the Mount
Fronsac North Project located 60 kilometres west of Bathurst, New Brunswick. Drill hole MF17- 43
intersected 3.1 metres of 12.3% Zn and 5.4% Pb, and 91.9 g/t Ag, within 15.5 metres of semi massive
to massive sulphides. The holes being reported tested the deposit at different elevations to better target
high-grade zones within the deposit.
Drill hole MF17-46, encountered a 21.6 metre, (19.0m true thickness) predominantly copper rich massive
sulphide zone from 363.8 to 385.4 , which included 11.8 meters, grading 1.53% Cu, 0.43% Zn and
0.1% Pb. These copper rich massive sulphide s are similar to historical drillhole MF00 -26 that is located
300m to the north that intersected 1.84% Cu over 7.0 metres. Similar mineralization was also found in
historical drill hole MF00-22, located 80 metres down dip, that intersected 2.3 metres of 1.44% C u, 2.37%
Zn, 1.07% Pb, 37.6 g/t Ag and 0.4 g/t Au.
This discreet copper rich zone is significant and it is being interpreted as a cupriferous massive sulphide
lens rather than a copper rich stockwork feeder zone that typically underlie the massive sulphide lens. The
results being announced are in Table 1 and more assay results are included in Table 2 below. Future drilling
will continue to test the economic potential of this cu priferous massive sulphide lens to potentially build
additional resources of economic interest.
Hole No. From
(m) To (m) Drill
width(m)
Zn
(%)
Pb
(%)
Cu
(%)
Ag
(g/t)
Au
(g/t)
MF17-43 368.60 371.70 3.10 12.32 5.44 0.07 91.9 0.86
MF17-43 382.60 384.10 1.50 3.44 0.52 0.01 2.8 0.18
MF17-46 369.2 381.0 11.8 0.43 0.1 1.53 7.9 866
Table 1: Drill hole assay results.
Jeff Hussey, President and CEO of Osisko Metals, commented: “These higher -grade results are
encouraging as we continue to drill within this historical deposit. The extension of the cupriferous massive
sulphide lens adds a new interesting potential for Mount Fronsac North. Our objective is to continue defining
and extending both massive sulphide lenses within the deposit boundaries. Additionally, it is interesting to
see a thick section of barren sulphides associated with zinc -lead rich zones as this is a feature typical of
some of the larger volcanogenic massive sulphide systems in the camp.”
The results being announced are illustrated on the inclined longitudinal section linked here . D rill hole
MF17-43 and MF17-44 intersected the deposit half way in between drill holes MF00 -31Wedge and MF00-
29Wedge (these results were released on December 6th, 2017).
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More assays from this strongly mineralized zone are included in Table 2 below along with results from
MF17-44 that contained 13.2 metres of predominantly massive sulphides.
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
deposit is hosted within approximately 14 mill ion tonnes of low -grade, semi -massive (>60%) to locally
massive sulfides that occur in an envelope of quartz-sericite ± chlorite schist.
The deposit has a north-south strike length of 525 metres and a down dip length of 600 metres. Thickness
varies betwee n 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 me tres. Massive sulfides are found
throughout this alteration envelope, but preferentially occur at or near the upper contact .
Hole No. From
(m)
To
(m)
Interval
(m)
Zn
(%)
Pb
(%)
Cu
(%)
Ag
(g/t)
Au
(ppb)
MF-17-43 333.8 334.4 0.60 3.61 1.1 0.0 11.0 41
MF-17-43 337.0 337.9 0.90 3.56 1.5 0.0 29.0 108
MF-17-43 349.7 350.6 0.90 6.43 0.15 0.18 <3 409
MF-17-43 357.7 358.0 0.30 5.61 2.57 0.09 72.0 272
MF-17-43 360.6 361.0 0.40 8.4 2.57 0.07 84.0 98
MF-17-43 368.6 371.7 3.1 12.32 5.44 0.07 91.9 864
MF-17-43 382.6 384.1 1.5 3.44 0.52 0.01 2.8 185
MF-17-44 309.0 310.3 1.3 3.36 1.39 0.01 18.5 40
MF-17-44 335.0 335.8 0.80 2.94 1.7 0.01 18.0 139
MF-17-44 393.7 394.7 1.00 2.85 1.16 0.01 7.0 51
MF-17-46 369.2 381.0 11.8 0.43 0.1 1.53 7.9 866
MF-17-46 384.0 385.4 1.4 2.75 0.55 0.12 7.0 971
MF-17-46 412.0 412.4 0.4 6.38 2.77 0.02 22.3 20
Table 2: Mount Fronsac North Assays
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Table 3: Drill hole information and location in New Brunswick Double Stereographic Projection (NBS)
Qualified Person
Mr. Gary Woods is the Senior Exploration Manager for Osisko Metals Incorporated and a Professional
Geologist registered in New Brunswick . He is th e 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 by fire assay-atomic absorption.
About Osisko Metals
Osisko Metals is a C anadian exploration and development company creating value in the base metal space
with an emphasis on zinc. To date, the Company has consolidated over 63,000 hectares in the Bathurst Mining
Camp (“BMC”) in which it is focused on upgrading and expanding 6 historical deposits. The objective is to
develop a multi -deposit asset base that could feed a central concentrator. 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 projects and acquisition
opportunities. Osisko Gold Royalties Ltd. (TSX/NYSE: OR) and Osisko Mining Inc. (TSX: OSK) are significant
shareholders of the Company.
Hole
Number
Azimuth
(degrees)
Dip
(degrees) Length (m) Easting
NBS
Northing
NBS
MF17-43 268 -72 482.4 2511561 7601573
MF17-44 267 -61 446.0 2511561 7601573
MF17-45 268 -77 ABANDONED 2511471 7601733
MF17-46 268 -77 701.0 2511471 7601733
MF17-47 268 -62 623.0 2511632 7601811
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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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