Shallow Zinc Mineralisation Intersected In NWT
Osisko Metals Incorporated (TSXV: OM; OTCQX: OMZNF) announce the final results from the winter drilling programme at its Pine Point Project, located in the Northwest Territories (NWT), Canada.
The shallow mineralisation reported herein is from two multi-purpose drill holes used for in-fill drilling and ongoing hydrogeological investigations. These holes are located within the R67 deposit in the South Trend and the periphery of the W85 Prismatic deposit in the Project’s North Trend.
- Drill hole R67-21-PP-001 intersected 6.67m grading 14.87% Zn and 0.40% Pb (15.27% Zn+Pb) as well as 7.00 metres grading 13.84% Zn and 4.24% Pb (18.08% Zn+Pb) in the R67 deposit.
- Drill hole W85-21-PP-001 intersected 3.00m grading 7.65% Zn and 1.56% Pb (9.21% Zn+Pb) outside of the in-pit resources at the W85 deposit, peripheral to Prismatic mineralization in the core of the deposit.
The R67 deposit occurs in the significantly underexplored South Trend that hosts only Prismatic-type mineralisation and hosts the X15 deposit which was the largest deposit mined by Cominco.
Chairman and CEO, Robert Wares, said drill hole W85-21-PP-001 has extended the near-pit mineralization that may be expanded upon further with future drilling. Hydrogeological testing is ongoing for the purpose of characterising the groundwater flow near deposits on both margins of the Pine Point reef structure. The company expects to be able to release these results during H2 2021.
“The hydrogeological investigations and modelling are an important milestone in better quantifying dewatering costs at Pine Point. Preliminary water flow data collected to date is positive and we eagerly await a report in the second H2 2021,” Mr Wares said.
“Concurrent to this, the infill and expansion drilling will resume following spring break-up. Many deposits remain open along strike with today’s result at W85 highlighting this potential.”
