Osisko Metals (TSX:OM)
MONTREAL, QUEBEC, CANADA, September 11, 2017 /EINPresswire.com/ — (Montréal, Québec – September 11, 2017) Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V:OM; FRANKFURT: OB5) is pleased to announce the commencement of an aggressive 10,000-meter maiden diamond drilling campaign in the world class Bathurst Mining Camp (the “BMC”) in New Brunswick, Canada. Drilling will focus on the historical Gilmore South, Mount Fronsac, Flat Landing Brook and Louvicourt deposits (see Figure 1).
This follows the strategic acquisition of known high-grade historical deposits and will be led by a very experienced exploration team. The objective is to investigate the peripheral continuity of mineralization to expand the deposits.
The Company has continued to consolidate its position in the prolific Bathurst Mining Camp with the addition of 519 new claim units (11,343 Ha) since the acquisition of the Mt Fronsac property (see news release dated July 6, 2017). Osisko Metals now controls over 51,647 hectares in the camp. This latest strategic claim acquisition covers the area east of the Brunswick Belt stratigraphy and also the interpreted Brunswick Horizon near the Carboniferous contact (see complete land package in Figure 1). These land holdings cover a significant portion of key favorable stratigraphy throughout the BMC.
Both the deposit scale and regional exploration programs will use the MiraGeoscience Common Earth Modelling technique that is an innovative modelling and target generation approach, in combination with the application of traditional and non-traditional geological models. This will generate a prioritized stream of highly potential drill targets.
This approach combines geological interpretation with geophysical and geochemical data sets that are merged into one common 3D-GIS (GOCAD) software platform to optimize drill targeting. Furthermore, this will lead toward the construction of the first 3D model of the entire BMC to identify new and untested stratigraphy.
The goal of these efforts is to quickly expand the Company’s resource base and to generate highly prospective brownfield and greenfield targets throughout the BMC.
President Jeff Hussey commented “We recognize the tremendous exploration opportunity in the Bathurst Mining Camp. Our first step is to build a resource base from historical deposits. Secondly, we continue to consolidate areas of interest as we initiate an aggressive mining camp scale exploration campaign. We are happy to now initiate the search for viable zinc resources through a drill-focused exploration strategy”.
About The Bathurst Mining Camp
The BMC is the third largest volcanogenic massive sulphide mining camp in the world, and it is well known for extensive zinc, lead, copper and silver mineralization as well as multiple deposits and base metal mines including the former Brunswick # 12 Mine that produced 137 million tonnes of ore grading 8.74% zinc, 3.44% lead, 0.37% copper and 102 g/t silver between 1964 and 2013.
About Osisko Metals
Osisko Metals is a Canadian base metal exploration and development company creating value in the zinc space in Canada. In 2017, the Company acquired over 50,000 hectares in the Bathurst Mining Camp (“BMC”). The objective is to develop a multi-deposit asset base that would feed a central concentrator. In Québec, the Company acquired 42,000 hectares that cover 12 grass-root zinc properties that will be selectively advanced through exploration. In parallel, Osisko Metals will be monitoring several zinc-oriented peers for other acquisition opportunities. Osisko Gold Royalties Ltd. (TSX/NYSE: OR) and Osisko Mining Inc. (TSX: OSK) are significant shareholders of the Company.
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Source: EIN Presswire