Osisko Metals Intersects 8.45 % Zinc+Lead Over 8.25 Metres at Pine Point
Osisko Metals Intersects 8.45 % Zinc+Lead Over 8.25 Metres at Pine Point
MONTREAL, May 08, 2018 -- Osisko Metals Incorporated (the “ Company” or “ Osisko Metals ”) (TSX-V:OM)
(FRANKFURT:OB51) is pleased to announce assay results from 27 shallow drill holes completed in the L27 deposit area. Drill
hole EM-18-PP-017 intersected 7.05% Zn and 1.40% Pb over 8.25 metres. The L27 deposit is located 3.8 kilometres
northeast of L36 reported previously (news release May 1, 2018). Both deposits are within the East Mill Zone which is a 7.6-
kilometre trend of tabular-style, near-surface, and roughly flat lying mineralization that extends towards the east from the
electrical substation area (see Osisko Metals website for additional geological background). Near-surface zinc and lead
sulphides were intersected in 18 of the 24 holes above 40 metre depths.
Additional highlights are listed below in Table 1 and details are provided in Tables 2 & 3. (See 2018 Winter Drill Campaign East
Mill Zone Map B2).
Table 1: Highlights:
Hole Name From To Width Lead Zinc Lead + Zinc
(metres) (metres) (metres) % % %
EM-18-PP-017 26.75 35.00 8.25 1.40 7.05 8.45
EM-18-PP-005 18.00 22.35 4.35 0.56 7.69 8.25
EM-18-PP-054 27.45 33.25 5.80 0.51 7.06 7.57
EM-18-PP-037 22.59 25.95 3.36 1.30 4.85 6.15
EM-18-PP-025 20.04 25.70 5.66 0.37 4.30 4.67
EM-18-PP-018 15.75 24.30 8.55 0.33 3.84 4.17
EM-18-PP-013 20.65 29.30 8.65 0.36 3.73 4.09
EM-18-PP-031 28.25 33.80 5.55 0.16 3.01 3.17
Jeff Hussey, President and CEO of Osisko Metals, commented: “These latest results strengthen our confidence in historically
reported mineralization. If we can demonstrate continuous grades over reasonable widths along the entire East Mill Zone, we
will effectively be able to connect a chain of individual historical near surface deposits into a continuous belt of potentially
economic material. This entire belt could theoretically be mined by shallow open pit methods. More news is expected as
assays from the remainder of the winter program are received followed by the restart of the drill program when weather
permits”.
The objective of the 2018 drill program is to convert 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 extraction. 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. Zinc and lead were analyzed by assay-grade four acid digestion with
ICP-AES finish for higher-grade samples and four acid digestion and ICP-AES for low grade-samples.
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-002 East Mill L27 15.55 20.00 4.45 4.18 0.16 1.34 1.50
EM-18-PP-005 East Mill L27 18.00 22.35 4.35 4.09 0.56 7.69 8.25
EM-18-PP-006 East Mill L27 17.10 17.65 0.55 0.42 1.54 0.01 1.55
EM-18-PP-006 East Mill L27 25.85 26.75 0.90 0.69 7.79 12.85 20.64
EM-18-PP-008 East Mill L27 18.65 20.45 1.80 1.69 0.64 2.68 3.32
EM-18-PP-009 East Mill L27 10.35 11.10 0.75 0.61 0.57 1.05 1.62
EM-18-PP-009 East Mill L27 13.55 14.55 1.00 0.82 0.53 2.99 3.51
EM-18-PP-012 East Mill L27 No significant results
EM-18-PP-013 East Mill L27 20.65 29.30 8.65 6.63 0.36 3.73 4.09
EM-18-PP-014 East Mill L27 No significant results
EM-18-PP-017 East Mill L27 26.75 35.00 8.25 6.32 1.40 7.05 8.45
EM-18-PP-018 East Mill L27 15.75 24.30 8.55 8.55 0.33 3.84 4.16
EM-18-PP-019 East Mill L27 21.60 24.85 3.25 2.95 0.43 5.36 5.78
EM-18-PP-020 East Mill L27 25.60 27.00 1.40 1.07 7.45 30.80 38.25
EM-18-PP-023 East Mill L27 16.50 17.00 0.50 0.43 1.64 1.17 2.81
EM-18-PP-024 East Mill L27 No significant results
EM-18-PP-025 East Mill L27 20.04 25.70 5.66 5.13 0.37 4.30 4.67
EM-18-PP-027 East Mill L27 21.40 22.10 0.70 0.61 3.80 3.63 7.43
EM-18-PP-027 East Mill L27 27.30 28.00 0.70 0.61 0.47 2.62 3.09
EM-18-PP-027 East Mill L27 30.15 31.90 1.75 1.52 0.07 1.61 1.68
EM-18-PP-027 East Mill L27 37.50 40.55 3.05 2.64 0.49 6.16 6.66
EM-18-PP-030 East Mill L27 No significant results
EM-18-PP-031 East Mill L27 28.25 33.80 5.55 4.81 0.16 3.01 3.17
EM-18-PP-032 East Mill L27 14.65 15.60 0.95 0.89 1.22 1.21 2.43
EM-18-PP-032 East Mill L27 28.15 29.60 1.45 1.36 0.42 3.14 3.56
EM-18-PP-036 East Mill L27 No significant results
EM-18-PP-037 East Mill L27 22.59 25.95 3.36 2.91 1.30 4.85 6.15
EM-18-PP-038 East Mill L27 23.82 24.43 0.61 0.50 1.77 0.00 1.77
EM-18-PP-039 East Mill L27 No significant results
EM-18-PP-045 East Mill L27 26.02 28.20 2.18 1.79 0.07 5.76 5.83
EM-18-PP-048 East Mill L27 23.80 26.45 2.65 2.40 0.29 3.68 3.97
EM-18-PP-054 East Mill L27 27.45 33.25 5.80 4.75 0.51 7.06 7.57
EM-18-PP-061 East Mill L27 22.45 23.90 1.45 1.26 0.55 3.80 4.35
Table 3: Drill hole collar locations (UTM NAD83 zone 11).
Hole Name Deposit Area Easting Northing Elevation Azimuth Dip Depth (m)
EM-18-PP-002 East Mill L27 645109.6 6752885.5 213.95 145 -70 36.00
EM-18-PP-005 East Mill L27 645142.5 6752893.0 213.83 90 -70 33.00
EM-18-PP-006 East Mill L27 645190.6 6752913.4 213.61 270 -50 45.00
EM-18-PP-008 East Mill L27 645137.0 6752932.3 213.88 125 -70 36.00
EM-18-PP-009 East Mill L27 645171.7 6752931.5 214.02 345 -55 36.00
EM-18-PP-012 East Mill L27 645244.8 6752930.5 213.94 285 -60 42.00
EM-18-PP-013 East Mill L27 645228.2 6752965.1 213.64 295 -50 45.00
EM-18-PP-014 East Mill L27 645261.7 6752977.2 213.43 65 -60 36.00
EM-18-PP-017 East Mill L27 645248.4 6752985.6 213.71 310 -50 42.00
EM-18-PP-018 East Mill L27 645257.6 6753014.3 213.55 0 -90 38.00
EM-18-PP-019 East Mill L27 645249.6 6753036.2 213.59 330 -65 42.00
EM-18-PP-020 East Mill L27 645273.7 6753029.3 213.75 120 -50 48.00
EM-18-PP-023 East Mill L27 645252.1 6753071.4 213.57 140 -60 45.00
EM-18-PP-024 East Mill L27 645278.4 6753051.2 213.29 0 -90 39.00
EM-18-PP-025 East Mill L27 645314.0 6753014.6 213.19 90 -65 40.00
EM-18-PP-027 East Mill L27 645198.7 6753017.4 213.94 150 -60 45.00
EM-18-PP-030 East Mill L27 645223.1 6753026.3 213.88 155 -60 45.00
EM-18-PP-031 East Mill L27 645328.4 6753122.8 213.24 90 -60 48.00
EM-18-PP-032 East Mill L27 645314.0 6753103.0 214.00 20 -70 45.00
EM-18-PP-036 East Mill L27 645321.7 6753067.5 212.95 85 -60 48.00
EM-18-PP-037 East Mill L27 645321.6 6753067.4 212.86 310 -60 48.00
EM-18-PP-038 East Mill L27 645360.3 6753008.0 213.13 90 -55 42.00
EM-18-PP-039 East Mill L27 645358.6 6753007.9 213.15 250 -55 45.00
EM-18-PP-045 East Mill L27 645366.4 6752966.3 213.77 295 -55 40.00
EM-18-PP-048 East Mill L27 645365.3 6752941.0 214.14 240 -65 30.00
EM-18-PP-054 East Mill L27 645201.0 6752939.2 213.07 155 -55 42.00
EM-18-PP-061 East Mill L27 645097.8 6752973.9 214.86 145 -60 45.00
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 development-
stage Pine Point Camp (“PPMC”) located in the Northwest Territories and the advanced-exploration Bathurst Mining Camp
(“BMC”), located in northern New Brunswick. The Company is currently drilling in both camps a combined 100,000 metres that
will focus on upgrading and expanding historical deposits, bringing high-priority targets into NI 43-101 compliance and
conducting brownfield exploration using new innovative 3D techniques. 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. Osisko Gold Royalties Ltd. (TSX/NYSE: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 Christina Lalli
President & CEO Director, Investor Relations
Osisko Metals Incorporated Osisko Metals Incorporated
(514) 861-4441 (514) 861-4441
Email: [email protected] Email: [email protected]
www.osiskometals.com www.osiskometals.com
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
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