Just three days after Osisko Metals (TSXV: OM) closed the $34-million acquisition of Pine Point Mining, it announced it had kicked off a 50,000-metre drill program at the historic Pine Point zinc-lead property, 65 km east of Hay River, Northwest Territories.
“We knew right away we wanted to convert Pine Point’s historical resources to National Instrument 43-101 compliant resources — that’s why we started so quickly,” Osisko Metals president and CEO Jeff Hussey says.
“The first phase of drilling is 50,000 metres. That’s a minimum that this camp needs because there are so many deposits – we’re looking at 40 to 46 different historical deposits.”
Osisko Metals collaborated with the previous owner to get moving as soon as possible, drilling 7,500 metres over the winter of 2018, and focusing on areas with poor summer access. Assays are pending from this part of the program.
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