Osisko Metals’ holdings in the Bathurst mining camp of New Brunswick. Historic resource amounts are not 43-101 compliant. (Image: Osisko Metals)
NEW BRUNSWICK – Montreal-based Osisko Metals has expanded its holdings in the Bathurst Mining Camp with the purchase of the Key Anacon claims and surrounding area. The vendor, Hunter Brook Holdings, will receive a total of $2 million in cash and shares.
The Key Anacon property lies 19 km south of the town of Bathurst and 16 km southeast of the former Brunswick No.12 mine. The property contains two Bathurst type volcanogenic massive sulphide deposits, the Main and East deposits hosted in the Brunswick Horizon.
The claims were previously drilled by Rio Algom in 1993 when the best grade was reported from hole 93-42 intersected 19.9 metres grading 7.86% zinc, 3.58 % lead, 0.33% copper and 78 g/t silver within a mineralized interval of 82.3 metres that averaged 3.38% zinc, 1.35% lead, 0.75% copper and 40.94 g/t silver.
Read more about Osisko’s base metal holdings at www.OsiskoMetals.com.