Canadian Mining Journal


ZINC-LEAD: Osisko grows Pine Point mineralization

Drill core from the Pine Point zinc-lead project. Credit: Osisko Metals

Drill core from the Pine Point zinc-lead project. Credit: Osisko Metals

NORTHWEST TERRITORIES – Osisko Metals has released drill results from the East Mill zone at its Pine Point project with eight of the nine intercepts reported from outside of the current resource boundaries. This work was focused on connecting inferred resource areas. Drill highlights include:

  • 11.9 metres of 9.46% zinc and 0.79% lead;
  • 4.7 metres of 14.83% zinc and 4.45% lead;
  • 3.9 metres of 10.86% zinc and 4.44% lead.

“These results demonstrate the upside potential of Pine Point, not just in identifying new exploration targets but also in expanding known mineralization across the project area” Jeff Hussey, Osisko Metals president and CEO commented in the press release.

All of the intercepts reported are from vertical depths of 16 metres to 45 metres.

Osisko plans to start drilling untested prismatic deposit gravity targets at the project in the coming days. Based on a 2018 technical report, prismatic deposits are high grade, vertically continuous over up to 60 metres with typical widths of 15 metres to 50 metres.

Drilling is expected to continue into the first quarter of next year.

Based on a resource update released in November, Pine Point is host to an inferred resource of 52.4 million tonnes at 4.64% zinc and 1.83% lead. The majority of this resource is pit constrained.

According to the company, a large portion of the current resource is based on drilling previously completed by Cominco whose exploration objectives were different from Osisko’s. Osisko Metals acquired the project in February 2018.

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