Map of the Pine Point project, including the Cluster deposits that are the site of the current 50,000-metre drill program. (Image: Osisko Metals)
NORTHWEST TERRITORIES – New owner Osisko Metals of Montreal is planning a 50,000-metre drilling program for its Pine Point zinc-lead property. Three rigs have been mobilized to the site, and the company plans to pay for the work from its cash balance.
Winter drilling is targeting high priority targets that have poor summer access. The program will continue for perhaps five weeks before spring break-up is expected. Drilling will then resume by May 2018. The aim of the work is to confirm and delineate existing historical resources as well as test new target areas. The historical targets are located at the electrical substation near to the site of the former concentrator and the Pine Point town site. Exploration will also include an airborne geophysical survey.
Osisko is also planning metallurgical testing, advanced baseline environmental studies, and engineering trade-off studies as part of what it calls “an aggressive development program” to be run concurrently to the exploration program.
More information is available at www.OsiskoMetals.com.