The president and CEO of Osisko said the new results confirm their theory that high-grade mineralization extends beyond the known boundaries at Key Anacon.
Osisko Metals (TSXV:OM) has announced results from recent step-out drilling consisting of 15 holes at the main zone on its Key Anacon project in Bathurst, New Brunswick.
As quoted in the press release:
- Drill hole KAMZ-18-10, a step-out drill hole 30 metres below the main zone deposit, intersected 8.30 metres grading 10.47 percent zinc, 3.47 percent lead, 0.03 percent copper, and 92.0 grams per tonne (g/t) silver. This new hole indicates that the high-grade main zone continues at depth and remains open.
- Step-out hole, KAMZ-18-15, drilled 100 meters to the northwest of the main zone deposit, intersected 5.30 metres grading 14.87 percent zinc, 5.71 percent lead, 0.01 percent copper and 294.92 g/t silver and 7.0 metres of 9.85 percent zinc, 3.82 percent lead and 126.14 g/t silver. This drill hole tested an open area on the main zone longitudinal section measuring 200 by 200 metres. At this time, it is unknown if the intercepts in KAMZ-18-15 represent a new subzone parallel to the main zone or a broadening of the main zone. On a more local scale, it is felt that the two intercepts are fold repeated which is a common occurrence within the main zone deposit boundaries.
- Hole KAMZ-18-07, drilled 100 metres below KAMZ-18-15, intersected 3 metres of 5.62 percent zinc, 1.87 percent lead, 0.1 percent copper and 28.04 g/t silver.
President and CEO of Osisko Metals, Jeff Hussey said:
“We are very encouraged by the results of our step-out drilling. Prior interpretations showed the main zone deposit boundary at roughly 400 meters depth. These new results confirm our theory that high-grade mineralization extends beyond the known boundaries. We strongly believe these results are evidence of the 2 exploration upside at depth and along strike. Our exploration program at the Key Anacon main zone will continue to step-out from the current boundaries with an objective to grow the zinc, lead and silver – rich mineralization.”