Osisko Metals Intersects 5.10% Zinc+Lead Over 8.45 Metres at Pine Point
Osisko Metals Intersects 5.10% Zinc+Lead Over 8.45 Metres at Pine Point
MONTREAL, June 07, 2018 -- Osisko Metals Incorporated (the “ Company” or “ Osisko Metals ”) (TSX-V:OM)
(FRANKFURT:OB51) is pleased to announce assay results from an additional 13 shallow drill holes completed along the East
Mill Zone trend in the K-35 and L-35 deposit areas. Drill hole EM-18-PP-107 intersected 4.95% Zn and 0.16% Pb over 4.50
metres. Also warranting mention is hole EM-18-PP-106 that intersected 10.69% zinc + lead over 4.50 metres. All intersections
are part of flat lying tabular-style deposits and all intercepts are located above 45 metre depths. ( See 2018 Winter Drill
Campaign East Mill Zone Map B5).
The reported drilling was focused on the area located 1.1 kilometres northeast of the L-35 and L-36 deposit areas reported
previously (news releases May 1, and May 15, 2018) and compliments previous results for the K-35 deposit (news release
May 29 th, 2018). Near-surface mineralization was intersected above 46 metres vertical depth, with multiple mineralized
intercepts reported in 3 drill holes.
All three deposits are within the East Mill Zone which is a 7.6-kilometre trend that extends towards the east from the electrical
substation area (see Osisko Metals website for additional geological background). The core of the K-35 deposit hosts
unclassified historical resources reported by Cominco Ltd. (1988) of 0.86 million tonnes grading 3.67% zinc and 1.12% Pb.
Additional highlights are listed below in Table 1 and details are provided in Tables 2 & 3.
Table 1 : Highlights:
Hole Name From To Width Lead Zinc Lead + Zinc
(metres) (metres) (metres) % % %
EM-18-PP-107 27.85 36.30 8.45 0.16 4.95 5.10
EM-18-PP-106 31.50 36.00 4.50 0.63 10.06 10.69
EM-18-PP-105 32.35 37.05 4.70 11.34 0.56 11.90
EM-18-PP-104 44.60 50.50 5.90 0.41 3.88 4.29
The objective of the 2018 drill program is to upgrade approximately 50 million tonnes of unclassified near-surface historical
resources to NI43-101 Indicated Resources as quickly as possible in areas amenable to open pit mining. The program
consists of approximately 700 drill holes (129 now completed) in the central 20-kilometre long portion of the Pine Point Mining
Camp (“PPMC”) that is located on the south shore of Great Slave Lake in the Northwest Territories, near infrastructure and
paved highway access.
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 is the Qualified Person responsible for the technical data reported in this news release. He is a
Professional Geologist registered in the Northwest Territories and is Chief Geologist for Pine Point Mining Limited, a wholly
owned subsidiary of Osisko Metals Limited.
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 2: Composite Assay Results
Hole Name Area Historical
Deposit
From To Width True Width Lead Zinc Lead + Zinc
(metres) (metres) (metres) (metres) % % %
EM-18-PP-096 East Mill K35 22.60 24.50 1.90 1.79 0.04 3.11 3.15
EM-18-PP-097 East Mill K35 No significant results
EM-18-PP-098 East Mill K35 30.80 33.05 2.25 2.04 0.37 3.01 3.38
EM-18-PP-099 East Mill K35 No significant results
EM-18-PP-100 East Mill K35 33.00 34.05 1.05 0.91 0.00 2.27 2.27
EM-18-PP-100 East Mill K35 41.00 43.00 2.00 1.73 1.80 13.50 15.30
EM-18-PP-100 East Mill K35 48.00 48.30 0.30 0.26 2.00 49.87 51.87
EM-18-PP-101 East Mill K35 38.20 38.80 0.60 0.56 0.03 1.28 1.31
EM-18-PP-102 East Mill K35 31.30 32.15 0.85 0.70 0.01 1.04 1.04
EM-18-PP-103 East Mill K35 34.10 37.50 3.40 3.28 0.63 3.34 3.97
EM-18-PP-104 East Mill K35 31.60 32.35 0.75 0.75 0.17 1.80 1.96
EM-18-PP-104 East Mill K35 33.85 34.75 0.90 0.90 1.11 6.43 7.54
EM-18-PP-104 East Mill K35 44.60 50.50 5.90 5.90 0.41 3.88 4.29
EM-18-PP-105 East Mill K35 32.35 37.05 4.70 4.70 11.34 0.56 11.90
EM-18-PP-106 East Mill K35 31.50 36.00 4.50 4.50 0.63 10.06 10.69
EM-18-PP-107 East Mill K35 27.85 36.30 8.45 8.45 0.16 4.95 5.10
EM-18-PP-107 East Mill K35 40.55 40.95 0.40 0.40 0.35 4.95 5.30
EM-18-PP-108 East Mill K35 31.75 33.50 1.75 1.69 0.23 3.87 4.10
EM-18-PP-108 East Mill K35 35.85 38.00 2.15 2.08 0.09 2.61 2.70
EM-18-PP-108 East Mill K35 40.50 41.70 1.20 1.16 0.14 1.66 1.80
Table 3: Drill hole collar locations (UTM NAD83 zone 11)
Hole Name Deposit Area Easting Northing Elevation Azimuth Dip Depth (m)
EM-18-PP-096 East Mill K35 643053.1 6751989.7 213.80 330 -70 51.00
EM-18-PP-097 East Mill K35 642981.4 6752030.7 213.87 230 -70 51.00
EM-18-PP-098 East Mill K35 642995.9 6751998.4 213.69 270 -65 51.00
EM-18-PP-099 East Mill K35 643006.9 6751977.7 213.74 225 -70 48.00
EM-18-PP-100 East Mill K35 643006.6 6751977.7 213.76 55 -60 51.00
EM-18-PP-101 East Mill K35 642935.1 6751965.6 213.62 280 -70 51.00
EM-18-PP-102 East Mill K35 642934.0 6751964.7 213.70 50 -55 54.00
EM-18-PP-103 East Mill K35 642084.5 6751463.7 217.28 340 -75 60.00
EM-18-PP-104 East Mill K35 642061.3 6751460.4 217.15 0 -90 57.00
EM-18-PP-105 East Mill K35 642035.6 6751462.0 217.36 0 -90 57.00
EM-18-PP-106 East Mill K35 642005.3 6751458.4 217.23 0 -90 60.00
EM-18-PP-107 East Mill K35 641973.9 6751451.8 217.32 0 -90 58.50
EM-18-PP-108 East Mill K35 641942.8 6751438.4 217.36 0 -75 58.50
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 (42,000 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 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
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, uncertainties 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 includes, 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 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
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 information 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 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 news release. No stock exchange, securities
commission or other regulatory authority has approved or disapproved the information contained herein.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/bf6a411f-
a2ed-4799-acd5-adb1f2851b91