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Osisko Metals: Pine Point Summer Drill Campaign Accelerated
Jul. 24, 2018 10:33AM PST
Base Metals Investing Osisko Metals has provided an exploration update at its Pine Point project, as the company has resumed drilling following spring break-up.
Osisko Metals (TSXV:OM) has provided an exploration update at its Pine Point project, as the company has resumed drilling following spring break-up.
Osisko Metals is currently executing one of Canada’s largest base metal exploration programs in two of Canada’s premiere former zinc producing mining camps.
According to Osisko, the objective of the 2018 drill program at Pine Point is to convert 50Mt of unclassified near-surface historical resources to NI43-101 Inferred and Indicated Resources by Q1 2019. In order to remain on track with its objective, the company applied for and obtained the necessary permits to increase its drill rig count, going from 3 to 7 drills within the next two weeks.
President and CEO of Osisko Metals, Jeff Hussey said:
“The team has been working diligently at obtaining the permits to allow us to increase the number of drill rigs at Pine Point. It’s our intention to keep moving this project forward aggressively in order to capitalize on the current favorable zinc market fundamentals. Delivering the resource remains a priority for us to unlock the true value potential of this camp. We expect to proceed with an extensive brownfield exploration campaign in 2019 following the historical resource conversion program.”
Click here to read the full Osisko Metals (TSXV:OM) press release.
