Osisko Metals has announced assay results from 27 shallow drill holes completed in the L27 deposit area in the Northwest Territories.
Osisko Metals (TSXV:OM) has announced assay results from 27 shallow drill holes completed in the L27 deposit area in the Northwest Territories.
As highlighted in the press release:
Drill hole EM-18-PP-017 intersected 7.05 percent zinc and 1.40 percent lead over 8.25 metres. The L27 deposit is located 3.8 kilometres northeast of L36 reported previously. Both deposits are within the East Mill Zone which is a 7.6-kilometre trend of tabular-style, near-surface, and roughly flat lying mineralization that extends towards the east from the electrical substation area. Near-surface zinc and lead sulphides were intersected in 18 of the 24 holes above 40 metre depths.
As quoted in the press release, president and chief executive officer of Osisko Metals, Jeff Hussey said:
“These latest results strengthen our confidence in historically reported mineralization. If we can demonstrate continuous grades over reasonable widths along the entire East Mill Zone, we will effectively be able to connect a chain of individual historical near surface deposits into a continuous belt of potentially economic material. This entire belt could theoretically be mined by shallow open pit methods. More news is expected as assays from the remainder of the winter program are received followed by the restart of the drill program when weather permits”.