Osisko Metals Announces Additional Drill Results From Pine Point With Up to 13.00 Metres Grading 11.11% Zinc and 1.44% Lead

Osisko Metals Announces Additional Drill Results From Pine Point With Up to 13.00 Metres Grading 11.11% Zinc and 1.44% Lead

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce additional assay results from its 2023 drilling program at the Pine Point Project, located in the Northwest Territories, Canada. The reported results are from the M67, L65, and M62 deposits. The M67 deposit consists of local prismatic development within a tabular apron of mineralization, while L65 and M62 are both tabular-style deposits in the Central Zone (C1). Drilling between M67 and L65 connected the tabular-style mineralization between these deposits over a strike length of 200 metres in an area that was not included in the 2022 PEA Mineral Resource Estimation (MRE).

Drilling was conducted as part of the Pine Point Mining Limited ("PPML") Joint Venture's larger 2023 definition drilling program designed to achieve an average drill spacing of approximately 30 metres within the currently modelled mineral resources reported in the 2022 PEA. This spacing is intended to upgrade the resources presently classified as Inferred to the Indicated category.

Drill Hole Assay Composite Highlights:

  • L65-23-PP-051: 11.00 metres, grading 3.64% Zn and 2.44% Pb (6.07% Zn+Pb)
  • M62-23-PP-015: 8.00 metres, grading 7.44% Zn and 0.01% Pb (7.46% Zn+Pb)
  • M67-23-PP-002: 10.00 metres, grading 8.78% Zn and 1.18% Pb (9.96% Zn+Pb)
  • M67-23-PP-004: 7.00 metres, grading 14.25% Zn and 3.37% Pb (17.62% Zn+Pb)
  • M67-23-PP-013 : 13.00 metres, grading 11.11% Zn and 1.44% Pb (12.55% Zn+Pb)
  • M67-23-PP-015: 12.00 metres, grading 11.92% Zn and 4.91% Pb (16.83% Zn+Pb)
  • M67-23-PP-027: 8.00 metres, grading 9.16% Zn and 3.92% Pb (13.08% Zn+Pb)

All mineralization occurs near surface between 51.00 and 87.00 metres vertical depth from surface and occurs as tabular-style semi-massive to massive colloform sphalerite and galena associated with intensely altered hydrothermal dolomite and limestone.

Robert Wares, CEO and Chairman of the Board, commented: "These drill results have met expectations when compared to previous drilling and the continuity between the M67 and L65 deposits has been confirmed and is welcomed news. This new data will be incorporated into the mineral resource update planned for later this year. We also look forward to launching the feasibility study in the new year."

Table 1: Drill Hole Assay Composites.

Hole Name

Zone

Deposit

From To Drill
Width
True
Width
Zn Pb Zn+Pb
(m) (m) (m) (m) % % %
L65-23-PP-001 C1 L65 65.00 68.00 3.00 3.00 5.63 3.52 9.14
L65-23-PP-002 C1 L65 66.00 68.00 2.00 2.00 1.81 1.62 3.43
L65-23-PP-003A C1 L65 60.00 72.00 12.00 11.97 5.31 1.23 6.54
L65-23-PP-004 C1 L65 66.00 68.00 2.00 2.00 5.49 0.33 5.82
L65-23-PP-005 C1 L65 63.00 64.00 1.00 1.00 6.61 5.15 11.76
L65-23-PP-006 C1 L65 66.00 66.70 0.70 0.70 8.06 0.06 8.12
L65-23-PP-008 C1 L65 57.00 58.00 1.00 1.00 2.47 0.86 3.33
L65-23-PP-009 C1 L65 59.00 65.00 6.00 5.99 2.23 0.24 2.46
L65-23-PP-010 C1 L65 67.00 68.00 1.00 1.00 1.86 0.47 2.32
L65-23-PP-011 C1 L65 65.00 67.00 2.00 1.99 3.73 2.34 6.08
L65-23-PP-012 C1 L65 55.00 57.00 2.00 2.00 2.74 0.56 3.29
L65-23-PP-013 C1 L65 58.00 59.00 1.00 1.00 1.59 1.08 2.67
and C1 L65 63.00 65.00 2.00 2.00 17.39 3.19 20.58
L65-23-PP-014 C1 L65 55.00 56.00 1.00 1.00 2.58 2.31 4.89
L65-23-PP-015 C1 L65 51.00 52.00 1.00 1.00 8.06 0.01 8.07
L65-23-PP-016 C1 L65 62.00 65.00 3.00 2.99 5.65 1.87 7.52
and C1 L65 67.00 68.00 1.00 1.00 0.25 2.39 2.64
L65-23-PP-017 C1 L65 66.00 69.00 3.00 3.00 6.94 0.74 7.68
L65-23-PP-019 C1 L65 62.00 63.00 1.00 1.00 0.63 1.44 2.06
and C1 L65 65.00 67.00 2.00 2.00 2.25 3.23 5.48
L65-23-PP-020 C1 L65 64.00 68.00 4.00 3.99 3.38 2.07 5.45
L65-23-PP-021 C1 L65 64.00 67.00 3.00 3.00 2.50 2.16 4.65
and C1 L65 69.00 73.00 4.00 3.99 3.60 0.98 4.58
L65-23-PP-022 C1 L65 68.00 74.00 6.00 5.99 8.73 1.57 10.30
L65-23-PP-023 C1 L65 64.00 65.00 1.00 1.00 2.30 1.17 3.47
and C1 L65 68.00 69.00 1.00 1.00 3.02 2.41 5.43
L65-23-PP-024 C1 L65 59.00 65.00 6.00 5.99 4.36 1.24 5.61
L65-23-PP-025 C1 L65 59.00 62.00 3.00 2.99 6.00 15.25 21.25
L65-23-PP-027 C1 L65 58.00 63.00 5.00 4.99 1.77 0.78 2.56
L65-23-PP-029 C1 L65 58.80 59.50 0.70 0.70 3.56 7.74 11.30
L65-23-PP-030 C1 L65 63.00 64.00 1.00 1.00 6.58 0.16 6.74
L65-23-PP-032 C1 L65 52.00 54.00 2.00 2.00 3.94 0.05 3.99
and C1 L65 59.00 62.00 3.00 2.99 3.02 1.64 4.66
L65-23-PP-033 C1 L65 62.00 66.00 4.00 3.99 5.78 1.70 7.48
L65-23-PP-034 C1 L65 67.00 70.00 3.00 3.00 3.30 1.47 4.77
and C1 L65 72.00 73.00 1.00 1.00 8.26 3.77 12.03
L65-23-PP-035 C1 L65 63.00 67.00 4.00 3.99 1.87 2.10 3.97
L65-23-PP-036 C1 L65 59.00 60.00 1.00 1.00 4.77 0.08 4.85
and C1 L65 62.00 66.00 4.00 3.99 7.70 2.07 9.77
and C1 L65 70.00 72.00 2.00 2.00 5.85 1.52 7.37
L65-23-PP-037 C1 L65 61.00 63.00 2.00 1.99 11.31 2.51 13.82
and C1 L65 65.00 66.00 1.00 1.00 7.99 0.08 8.07
L65-23-PP-038 C1 L65 57.00 59.00 2.00 2.00 11.54 2.75 14.29
L65-23-PP-041 C1 L65 62.00 67.00 5.00 4.99 5.83 2.82 8.64
and C1 L65 72.00 73.00 1.00 1.00 2.26 0.07 2.33
L65-23-PP-042 C1 L65 76.00 80.00 4.00 3.99 5.90 1.04 6.94
and C1 L65 82.00 84.00 2.00 1.99 0.83 1.79 2.62
L65-23-PP-049 C1 L65 81.00 82.00 1.00 1.00 3.12 0.46 3.58
L65-23-PP-050 C1 L65 74.00 77.00 3.00 3.00 6.49 2.38 8.87
and C1 L65 81.00 87.00 6.00 5.99 9.52 1.46 10.99
L65-23-PP-051 C1 L65 67.00 78.00 11.00 10.96 3.64 2.44 6.07
and C1 L65 82.00 83.00 1.00 1.00 0.18 3.16 3.34
L65-23-PP-052 C1 L65 66.00 67.50 1.50 1.50 28.06 4.24 32.30
and C1 L65 70.00 71.00 1.00 1.00 3.77 0.09 3.86
L65-23-PP-053 C1 L65 68.00 71.00 3.00 3.00 4.26 0.86 5.11
L65-23-PP-056 C1 L65 68.00 69.00 1.00 1.00 3.53 0.76 4.29
L65-23-PP-057 C1 L65 64.50 68.00 3.50 3.50 3.75 3.45 7.20
and C1 L65 71.00 75.00 4.00 4.00 6.32 0.69 7.01
L65-23-PP-058 C1 L65 65.00 67.00 2.00 2.00 1.75 0.58 2.33
L65-23-PP-059 C1 L65 55.00 56.00 1.00 1.00 2.38 1.50 3.88
L65-23-PP-060 C1 L65 56.00 57.00 1.00 1.00 1.40 0.63 2.02
L65-23-PP-062 C1 L65 52.00 56.00 4.00 4.00 10.10 7.00 17.10
L65-23-PP-063 C1 L65 67.00 68.00 1.00 1.00 6.36 1.79 8.15
and C1 L65 70.00 72.00 2.00 2.00 2.85 2.91 5.76
M62-23-PP-001 C1 M62 63.00 65.00 2.00 2.00 9.66 4.68 14.34
M62-23-PP-003 C1 M62 53.60 54.60 1.00 1.00 21.70 12.90 34.60
and C1 M62 57.00 58.00 1.00 1.00 3.61 0.13 3.74
M62-23-PP-004 C1 M62 53.00 54.00 1.00 1.00 10.65 26.13 36.78
M62-23-PP-006B C1 M62 56.00 58.00 2.00 2.00 2.55 0.71 3.26
and C1 M62 61.00 62.00 1.00 1.00 4.57 0.42 4.99
M62-23-PP-007B C1 M62 57.00 58.00 1.00 1.00 5.22 0.61 5.83
M62-23-PP-008B C1 M62 57.00 58.00 1.00 1.00 12.85 0.94 13.79
M62-23-PP-009 C1 M62 59.00 61.00 2.00 2.00 6.68 1.97 8.65
M62-23-PP-010 C1 M62 59.00 60.00 1.00 1.00 5.28 0.01 5.29
M62-23-PP-011 C1 M62 58.00 62.00 4.00 3.99 7.00 1.82 8.81
and C1 M62 65.00 67.00 2.00 2.00 4.35 0.30 4.65
M62-23-PP-012 C1 M62 59.50 65.00 5.50 5.50 9.52 2.89 12.40
M62-23-PP-013 C1 M62 65.00 72.00 7.00 6.99 4.23 0.06 4.29
M62-23-PP-014B C1 M62 75.00 77.00 2.00 2.00 6.29 0.75 7.04
M62-23-PP-015 C1 M62 60.00 67.00 7.00 6.99 5.76 0.62 6.38
and C1 M62 69.00 77.00 8.00 7.99 7.44 0.01 7.46
M62-23-PP-016 C1 M62 65.00 68.00 3.00 3.00 9.79 0.02 9.81
M62-23-PP-017 C1 M62 63.00 67.00 4.00 3.99 18.72 0.19 18.91
M62-23-PP-018 C1 M62 63.00 67.00 4.00 3.99 24.06 5.40 29.46
and C1 M62 81.00 84.00 3.00 3.00 8.99 1.17 10.17
M62-23-PP-020 C1 M62 60.00 63.00 3.00 3.00 5.95 0.45 6.40
M67-23-PP-001 C1 M67 53.00 57.50 4.50 4.50 3.42 0.01 3.42
and C1 M67 62.00 63.00 1.00 1.00 3.78 1.16 4.93
M67-23-PP-002 C1 M67 52.75 55.00 2.25 2.25 3.46 0.00 3.47
and C1 M67 61.00 71.00 10.00 9.98 8.78 1.18 9.96
M67-23-PP-003 C1 M67 64.00 67.00 3.00 2.99 3.11 1.68 4.79
and C1 M67 70.00 71.40 1.40 1.40 0.91 1.16 2.07
and C1 M67 73.00 74.00 1.00 1.00 4.03 0.15 4.18
M67-23-PP-004 C1 M67 61.00 68.00 7.00 6.98 14.25 3.37 17.62
M67-23-PP-005 C1 M67 63.00 64.00 1.00 1.00 7.19 1.83 9.02
and C1 M67 75.00 76.00 1.00 1.00 3.66 0.58 4.24
M67-23-PP-007 C1 M67 63.00 67.00 4.00 3.99 2.90 1.27 4.16
and C1 M67 70.80 72.00 1.20 1.20 15.25 2.52 17.77
M67-23-PP-008 C1 M67 74.00 75.00 1.00 1.00 1.91 0.22 2.13
M67-23-PP-011 C1 M67 69.00 71.00 2.00 2.00 6.18 0.33 6.51
M67-23-PP-013 C1 M67 60.00 73.00 13.00 12.96 11.11 1.44 12.55
M67-23-PP-014 C1 M67 69.00 72.00 3.00 3.00 6.76 4.00 10.76
M67-23-PP-015 C1 M67 63.00 75.00 12.00 11.97 11.92 4.91 16.83
M67-23-PP-017 C1 M67 70.00 73.00 3.00 3.00 4.18 5.66 9.84
M67-23-PP-018 C1 M67 72.00 74.00 2.00 2.00 8.21 0.30 8.51
M67-23-PP-019 C1 M67 72.00 76.00 4.00 4.00 1.40 1.22 2.62
M67-23-PP-020 C1 M67 71.00 74.00 3.00 2.99 4.18 1.00 5.18
M67-23-PP-021 C1 M67 69.00 73.00 4.00 4.00 7.53 3.53 11.06
and C1 M67 78.00 82.00 4.00 4.00 8.07 15.55 23.62
M67-23-PP-022 C1 M67 69.00 74.35 5.35 5.33 4.83 0.89 5.72
and C1 M67 76.00 77.00 1.00 1.00 13.95 10.70 24.65
M67-23-PP-023 C1 M67 67.00 73.00 6.00 5.98 8.31 0.56 8.87
M67-23-PP-024 C1 M67 65.30 70.00 4.70 4.70 20.53 1.25 21.78
M67-23-PP-025 C1 M67 71.00 72.00 1.00 1.00 0.15 1.96 2.10
M67-23-PP-026 C1 M67 75.00 76.00 1.00 1.00 1.95 0.58 2.53
M67-23-PP-027 C1 M67 55.00 58.00 3.00 2.99 2.81 0.03 2.84
and C1 M67 61.00 69.00 8.00 7.96 9.16 3.92 13.08
M67-23-PP-028 C1 M67 59.00 60.00 1.00 1.00 1.25 0.77 2.02
and C1 M67 63.00 66.00 3.00 3.00 4.28 0.21 4.49
M67-23-PP-029 C1 M67 63.00 66.00 3.00 2.99 2.10 1.32 3.41
M67-23-PP-030 C1 M67 61.00 66.00 5.00 4.99 5.20 4.48 9.68

Drill holes not reported in this table with a collar location tabulated in Table 2 contained no significant assay results.

Qualified Person

Mr. Robin Adair is the Qualified Person and the Senior Technical Advisor for Pine Point Mining Limited. He is responsible for the technical data reported in this news release and is a Professional Geologist registered in the Northwest Territories.

Quality Assurance / Quality Control

Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation, and analyses. Drill core samples from the Pine Point project area are securely transported to its core facility on-site, where they are logged and sampled. Samples selected for assay are shipped to ALS Canada Ltd.'s preparation facility in Yellowknife. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for a multi-element suite with a 1% upper detection limit for base metals. Samples reporting over 1% for Zn and 1% for Pb are analyzed by assay grade, four acid digestion, and ICP-AES analysis with an upper detection limit of 30% and 20%, respectively. Samples with Zn >30% and or Pb >20% are analyzed by traditional titration.

Table 2: Drill Hole Collar Locations (NAD83 (CSRS) Zone 11).

Hole Name Zone Deposit Easting Northing Elev. (m) Azm. Dip Length (m)
L65-23-PP-001 C1 L65 628205.5 6743688.9 214.7 0 -90 78
L65-23-PP-002 C1 L65 628247.0 6743666.4 214.9 0 -90 90
L65-23-PP-003 C1 L65 628235.7 6743691.6 214.8 0 -90 18
L65-23-PP-003A C1 L65 628235.7 6743691.6 214.8 0 -90 75
L65-23-PP-004 C1 L65 628226.7 6743709.4 214.7 0 -90 69
L65-23-PP-005 C1 L65 628197.6 6743719.3 214.4 0 -90 75
L65-23-PP-006 C1 L65 628157.9 6743717.7 214.2 0 -90 90
L65-23-PP-007 C1 L65 628146.3 6743742.1 214.1 0 -90 90
L65-23-PP-008 C1 L65 628165.1 6743772.4 213.9 0 -90 90
L65-23-PP-009 C1 L65 628175.3 6743750.2 214.1 0 -90 90
L65-23-PP-010 C1 L65 628184.3 6743730.9 214.3 0 -90 90
L65-23-PP-011 C1 L65 628214.6 6743738.0 214.4 0 -90 90
L65-23-PP-012 C1 L65 628203.5 6743762.0 214.2 0 -90 78
L65-23-PP-013 C1 L65 628193.0 6743785.6 214.1 0 -90 90
L65-23-PP-014 C1 L65 628224.5 6743784.5 214.3 0 -90 90
L65-23-PP-015 C1 L65 628238.0 6743759.5 214.5 0 -90 66
L65-23-PP-016 C1 L65 628248.4 6743737.6 214.8 0 -90 90
L65-23-PP-017 C1 L65 628256.9 6743718.6 214.9 0 -90 72
L65-23-PP-018 C1 L65 628276.0 6743677.3 215.0 0 -90 90
L65-23-PP-019 C1 L65 628304.6 6743683.5 215.1 0 -90 92
L65-23-PP-020 C1 L65 628332.0 6743697.8 215.2 0 -90 92
L65-23-PP-021 C1 L65 628294.8 6743707.6 215.0 0 -90 92
L65-23-PP-022 C1 L65 628324.0 6743718.7 215.3 0 -90 92
L65-23-PP-023 C1 L65 628284.9 6743730.5 215.0 0 -90 92
L65-23-PP-024 C1 L65 628274.1 6743752.0 214.8 0 -90 92
L65-23-PP-025 C1 L65 628264.7 6743772.6 214.6 0 -90 95
L65-23-PP-026 C1 L65 628255.6 6743793.2 214.5 0 -90 92
L65-23-PP-027 C1 L65 628279.3 6743811.6 214.9 0 -90 90
L65-23-PP-028 C1 L65 628307.4 6743822.1 215.1 0 -90 92
L65-23-PP-029 C1 L65 628290.7 6743785.8 214.8 0 -90 92
L65-23-PP-030 C1 L65 628302.6 6743764.2 214.6 0 -90 71
L65-23-PP-031 C1 L65 628319.9 6743795.5 215.2 0 -90 90
L65-23-PP-032 C1 L65 628329.7 6743774.9 215.0 0 -90 92
L65-23-PP-033 C1 L65 628313.4 6743738.4 215.1 0 -90 92
L65-23-PP-034 C1 L65 628350.1 6743731.1 215.3 0 -90 91
L65-23-PP-035 C1 L65 628339.6 6743752.3 215.0 0 -90 76
L65-23-PP-036 C1 L65 628358.5 6743784.1 215.3 0 -90 75
L65-23-PP-037 C1 L65 628385.0 6743781.7 215.6 0 -90 73
L65-23-PP-038 C1 L65 628352.1 6743813.4 215.4 0 -90 69
L65-23-PP-039 C1 L65 628335.3 6743833.5 215.3 0 -90 41
L65-23-PP-039B C1 L65 628335.3 6743833.5 215.3 0 -90 71
L65-23-PP-040 C1 L65 628356.6 6743847.2 215.2 0 -90 74
L65-23-PP-041 C1 L65 628398.8 6743841.4 215.8 0 -90 76
L65-23-PP-042 C1 L65 628390.8 6743861.0 215.5 0 -90 87
L65-23-PP-043 C1 L65 628368.8 6743867.5 215.1 0 -90 82
L65-23-PP-044 C1 L65 628390.8 6743877.7 215.5 0 -90 91
L65-23-PP-045 C1 L65 628338.0 6743898.5 214.4 0 -90 82
L65-23-PP-046 C1 L65 628363.5 6743911.5 214.4 0 -90 85
L65-23-PP-047 C1 L65 628374.5 6743935.3 214.4 0 -90 82
L65-23-PP-048 C1 L65 628390.8 6743917.8 214.8 0 -90 88
L65-23-PP-049 C1 L65 628412.7 6743935.2 214.8 0 -90 85
L65-23-PP-050 C1 L65 628406.3 6743895.4 215.5 0 -90 97
L65-23-PP-051 C1 L65 628445.5 6743869.9 216.3 0 -90 91
L65-23-PP-052 C1 L65 628527.1 6743955.2 216.2 0 -90 79
L65-23-PP-053 C1 L65 628519.5 6743982.6 215.3 0 -90 79
L65-23-PP-054 C1 L65 628546.5 6744003.0 215.2 0 -90 79
L65-23-PP-055 C1 L65 628567.3 6743990.6 215.8 0 -90 64
L65-23-PP-056 C1 L65 628594.6 6743973.7 217.1 0 -90 79
L65-23-PP-057 C1 L65 628820.4 6743999.3 217.4 0 -90 83
L65-23-PP-058 C1 L65 628846.3 6744003.4 217.1 0 -90 77
L65-23-PP-059 C1 L65 628681.7 6744175.6 213.6 0 -90 65
L65-23-PP-060 C1 L65 628710.2 6744206.1 213.5 0 -90 74
L65-23-PP-061 C1 L65 628695.1 6744229.2 213.4 0 -90 71.1
L65-23-PP-062 C1 L65 628665.0 6744219.1 213.4 0 -90 68
L65-23-PP-063 C1 L65 628229.3 6743658.0 214.6 0 -90 78
M62-23-PP-001 C1 M62 630064.7 6744825.8 216.2 0 -90 88
M62-23-PP-002 C1 M62 630066.4 6744800.9 216.6 0 -90 58
M62-23-PP-003 C1 M62 630002.5 6744774.6 216.1 0 -90 67
M62-23-PP-004 C1 M62 629975.6 6744791.7 216.1 0 -90 61
M62-23-PP-005* C1 M62 629867.6 6744775.4 215.5 0 -90 57
M62-23-PP-006 C1 M62 629844.0 6744758.1 215.7 0 -90 23
M62-23-PP-006B C1 M62 629844.0 6744758.1 215.7 0 -90 63
M62-23-PP-007 C1 M62 629815.6 6744759.7 215.7 0 -90 54
M62-23-PP-007B C1 M62 629815.6 6744759.7 215.7 0 -90 65
M62-23-PP-008 C1 M62 630126.2 6744498.4 219.7 0 -90 23
M62-23-PP-008B C1 M62 630126.2 6744498.4 219.7 0 -90 62
M62-23-PP-009 C1 M62 630093.1 6744466.3 219.6 0 -90 67
M62-23-PP-010 C1 M62 630082.9 6744493.1 219.7 0 -90 73
M62-23-PP-011 C1 M62 630063.6 6744478.9 219.7 0 -90 69
M62-23-PP-012 C1 M62 630051.4 6744439.2 219.4 0 -90 71
M62-23-PP-013 C1 M62 629811.4 6744581.8 219.1 0 -90 84
M62-23-PP-014 C1 M62 629761.1 6744584.9 218.4 0 -90 36
M62-23-PP-014B C1 M62 629761.1 6744584.9 218.4 0 -90 87
M62-23-PP-015 C1 M62 629791.9 6744546.9 220.0 0 -90 87
M62-23-PP-016 C1 M62 629778.3 6744519.1 221.8 0 -90 90
M62-23-PP-017 C1 M62 629785.4 6744486.7 224.0 0 -90 90
M62-23-PP-018 C1 M62 629748.2 6744482.9 223.3 0 -90 90
M62-23-PP-019 C1 M62 629718.6 6744482.4 222.2 0 -90 90
M62-23-PP-020 C1 M62 629749.6 6744452.2 223.2 0 -90 90
M67-23-PP-001* C1 M67 627896.3 6743459.1 214.2 0 -90 72
M67-23-PP-002 C1 M67 627888.2 6743480.0 214.1 0 -90 75
M67-23-PP-003 C1 M67 627961.0 6743512.7 214.0 0 -90 75
M67-23-PP-004 C1 M67 627987.7 6743495.5 214.2 0 -90 75
M67-23-PP-005 C1 M67 628004.1 6743513.8 214.2 0 -90 78
M67-23-PP-006 C1 M67 628012.4 6743480.1 214.5 0 -90 72
M67-23-PP-007 C1 M67 628025.1 6743503.2 214.3 0 -90 75
M67-23-PP-008 C1 M67 628042.1 6743477.5 214.4 0 -90 75
M67-23-PP-009 C1 M67 628057.3 6743511.8 214.2 0 -90 81
M67-23-PP-010 C1 M67 628067.7 6743490.2 214.3 0 -90 72
M67-23-PP-011 C1 M67 628080.4 6743517.9 214.3 0 -90 78
M67-23-PP-012 C1 M67 628108.4 6743517.0 214.5 0 -90 75
M67-23-PP-013 C1 M67 628124.7 6743539.0 214.4 0 -90 81
M67-23-PP-014 C1 M67 628130.9 6743564.4 214.3 0 -90 81
M67-23-PP-015 C1 M67 628038.9 6743570.0 214.2 0 -90 81
M67-23-PP-016 C1 M67 628029.5 6743587.9 214.2 0 -90 81
M67-23-PP-017 C1 M67 628039.1 6743621.9 214.1 0 -90 81
M67-23-PP-018 C1 M67 628064.8 6743667.5 214.1 0 -90 81
M67-23-PP-019 C1 M67 628103.3 6743662.0 214.0 0 -90 81
M67-23-PP-020 C1 M67 628100.7 6743635.3 214.1 0 -90 84
M67-23-PP-021 C1 M67 628140.0 6743621.7 214.3 0 -90 84
M67-23-PP-022 C1 M67 628137.8 6743643.1 214.3 0 -90 84
M67-23-PP-023 C1 M67 628125.1 6743683.0 214.1 0 -90 75
M67-23-PP-024 C1 M67 628156.6 6743686.5 214.3 0 -90 78
M67-23-PP-025 C1 M67 628174.8 6743675.2 214.5 0 -90 78
M67-23-PP-026 C1 M67 628195.2 6743674.4 214.6 0 -90 78
M67-23-PP-027 C1 M67 627958.2 6743481.2 214.1 0 -90 69
M67-23-PP-028 C1 M67 627930.8 6743513.2 214.0 0 -90 69
M67-23-PP-029 C1 M67 627908.7 6743497.5 214.0 0 -90 66
M67-23-PP-030 C1 M67 627923.7 6743471.2 214.2 0 -90 69

*Hydrogeological drill holes

About Osisko Metals

Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals space, more specifically copper and zinc. The Company is a joint venture partner with Appian Capital Advisory LLP for the advancement of one of Canada's premier past-producing zinc mining camps, the Pine Point Project, located in the Northwest Territories, for which the 2022 PEA (as defined herein) has indicated an after-tax NPV of C$602 million and an IRR of 25%, based on long-term zinc price of US$1.37/lb and the current mineral resource estimates that are amenable to open pit and shallow underground mining. The current mineral resource estimate in the 2022 PEA consists of 15.7Mt grading 5.55% ZnEq of Indicated Mineral Resources and 47.2Mt grading 5.94% ZnEq of Inferred Mineral Resources . Please refer to the technical report entitled "Preliminary Economic Assessment, Pine Point Project, Hay River, Northwest Territories, Canada" dated August 26, 2022 (with an effective date of July 30, 2022), which was prepared for Osisko Metals and PPML by representatives of BBA Engineering Inc., HydroRessources Inc., PLR Resources Inc. and WSP Canada Inc. (the " 2022 PEA "). Please refer to the full text of the 2022 PEA, a copy of which is available on SEDAR ( www.sedar.com ) under the Osisko Metals' issuer profile, for the assumptions, methodologies, qualifications and limitations described therein. The Pine Point Project is located on the south shore of Great Slave Lake in the Northwest Territories, near infrastructure, with paved highway access, an electrical substation, as well as 100 kilometres of viable haulage roads.

In addition, the Company also acquired in July 2023, from Glencore Canada Corporation, a 100% interest in the past-producing Gaspé Copper Mine, located near Murdochville in the Gaspé peninsula of Québec. The Company is currently focused on resource evaluation of the Mount Copper Expansion Project that hosts an Inferred Mineral Resource (in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ) of 456Mt grading 0.31% Cu (see April 28, 2022 news release of Osisko Metals entitled "Osisko Metals Announces Maiden Resource at Gaspé Copper – Inferred Resource of 456Mt Grading 0.31% Copper" ). Gaspé Copper hosts the largest undeveloped copper resource in Eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec.

About Appian

Appian Capital Advisory LLP is a London-headquartered investment advisor to long-term value-focused private capital funds that invest solely in mining and mining-related companies.

Appian is a leading investment advisor in the metals and mining industry, with global experience across South America, North America, Europe, Australia and Africa and a successful track record of supporting companies to achieve their development targets, with a global operating portfolio overseeing nearly 6,300 employees. Appian has a global team of 65 experienced professionals with presences in London, Toronto, Vancouver, Montreal, New York, Lima, Belo Horizonte, Perth, Mexico City and Dubai. The Appian team, through its private capital funds, has a long history of successfully bringing mines through development and into production, having completed 9 mine builds in the last 6 years.

For more information, please visit www.appiancapitaladvisory.com , or find us on LinkedIn, Instagram and Twitter.

For further information on this news release, visit www.osiskometals.com or contact:

Robert Wares, Chairman & CEO of Osisko Metals Incorporated

Email: info@osiskometals.com
www.osiskometals.com

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance are not statements of historical fact and constitute forward-looking information. This news release may contain forward-looking information pertaining to the closing of the Gaspe Copper Project Definitive Agreement or the Pine Point Project. For Pine Point, statements including, among other things, the results of the 2022 PEA and the IRR, NPV and estimated costs, production, production rate and mine life; the expectation that the Project will be a robust operation and profitable at a variety of prices and assumptions; the ability to identify additional resources and reserves (if any) and exploit such resources and reserves on an economic basis; the expected high quality of the Pine Point concentrates; the potential impact of the Pine Point Project in the Northwest Territories, including but not limited to the potential generation of tax revenue and contribution of jobs; the Pine Point Project having the potential for mineral resource expansion and new discoveries; the timing and ability for the Pine Point Project to reach construction decision (if at all); the estimated costs to take the Pine Point Project to construction decision (if at all); the ability of the Company to realize the anticipated benefits of the Transaction; and the impact to the Company of the disposition of ownership interest and control in the Pine Point Project, which is a material property of the Company. There can be no certainty on the timing, costs and ability for the joint venture parties to take the Pine Point Project to reach a construction decision or pursue planned exploration and development as presently contemplated.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: favourable equity and debt capital markets; the ability and timing for the parties to fund cash calls to advance the development of the Pine Point Project and pursue planned exploration and development; future prices of zinc and lead; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; operating conditions being favourable; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of equipment; the economic viability of the Pine Point Project; and positive relations with local groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company's public disclosure record on SEDAR (www.sedar.com) under Osisko Metals' issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.


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Osisko Metals Reports Additional Drill Results From Pine Point With Up to 10 Metres Grading 8.71% Zn + Pb

Osisko Metals Reports Additional Drill Results From Pine Point With Up to 10 Metres Grading 8.71% Zn + Pb

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce additional results from the 2023 drilling program at the Pine Point Mining Limited ("PPML") Joint Venture Project, located in the Northwest Territories, Canada. The reported results are from the J68 and K68 deposits in the C1 Area (C1) of the Central Zone.

Results from the K68 deposit indicate a new extension of tabular-style mineralization towards the east of the known deposit boundaries with localized increases in grade and thickness suggesting that there is exploration potential for new prismatic-style deposits in proximity to the C1 Area. Drilling at J68 defined the limits of that prismatic deposit.

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Osisko Metals Inc. Invites Shareholders and Investment Community to visit us at the Deutsche Goldmesse in Frankfurt, November 24-25, 2023

Osisko Metals Inc. Invites Shareholders and Investment Community to visit us at the Deutsche Goldmesse in Frankfurt, November 24-25, 2023

Osisko Metals Inc. (TSXV: OM), Osisko Metals is a Canadian exploration and development company creating value in the base metal space with a focus on copper and zinc mineral assets., will be participating in the Deutsche Goldmesse Fall Conference, which will take place on November 24 and 25 at The Westin Grand Frankfurt.

Members of the Osisko Metals Inc. management team will be taking meetings throughout the day, and will also present at 11:15 CET on November 24th to an audience of European investors.

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BTV Showcases: West Red Lake Gold, Lion One Metals, ION Energy & Osisko Metals

BTV Showcases: West Red Lake Gold, Lion One Metals, ION Energy & Osisko Metals

On BNN Bloomberg broadcast on Oct 14 & 15, 2023 - BTV-Business Television interviews emerging companies in the markets including:

West Red Lake Gold Ltd. (TSXV: WRLG) (OTCQB: WRLGF) - BTV explores West Red Lake Gold whose fueling growth in the renowned Red Lake Gold District. With a 35,000-meter drill program in 2024 and a forthcoming Preliminary Economic Assessment, the company is primed for expansion. The mission is straightforward: elevate operations and target production resumption by 2025.

Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) - Positioned to emerge as a prominent high-grade gold producer in the South Pacific. Expedited construction of a 500-tonne per day plant by 2024, coupled with strong performance, offers a unique investment opportunity. With the inaugural gold pour successfully completed and near-surface mining operations underway, Lion One has established itself as the next Fijian success story.

ION Energy Ltd. (TSXV: ION) (OTCQB: IONGF) - BTV explores ION Energy's strategic commitment to unlocking Mongolia's untapped lithium potential. Supported by a strong management and technical team, ION is well positioned to harness this valuable resource. Recently ION strengthened their global supplier status by acquiring valuable lithium assets in the Northwest Territories Lithium District, solidifying its presence in the industry.

Osisko Metals Incorporated (TSXV: OM) (OTCQX: OMZNF) - Osisko Metals is ready to capitalize on the global copper shortage. With copper demand expected to double by 2050 in line with decarbonization goals, Osisko Metals is positioned as a strategic investment opportunity in Quebec. With a preliminary resource estimate of ~455 million tonnes and crucial infrastructure in place, Osisko is on track to be a leading player in North American copper resources. Backed by CEO Bob Wares and the Quebec Government, Osisko Metals presents a promising prospect for investors.

About BTV - Business Television:

On air for 25 years, BTV - Business Television, a half-hour investment TV show, features analysts, experts and emerging companies on location. With Hosts, Taylor Thoen and Jessica Katrichak, BTV shares up-and-coming companies and investment opportunities. Discover Investment Opportunities.

TV BROADCAST NETWORKS and TIMES:

CANADA:

BNN Bloomberg - Saturday Oct 14 @ 8:00pm ET, Sunday Oct 15 @ 5:30pm ET
US National TV:
Biz Television Network - Sun Oct 22 @ 1:00pm ET
Suggest a Company to Feature!

Contact: (604) 664-7401 x3 info@b-tv.com. To receive BTV news, subscribe.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/183698

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Osisko Metals Announces New Pine Point Drill Results With Up to 28.0 Metres Grading 10.9% Zinc and 8.0% Lead

Osisko Metals Announces New Pine Point Drill Results With Up to 28.0 Metres Grading 10.9% Zinc and 8.0% Lead

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce additional assay results from its 2023 drilling program at the Pine Point Project, located in the Northwest Territories, Canada. The reported results are from the P499 and O556 deposits, both prismatic-style deposits with associated tabular-style aprons in the West Zone ("WZ"). Results within the prismatic pipes defined by historical drilling were thick, high-grade intersections consistent with historical results. Drillhole P499-23-PP-004 extends the known prismatic style mineralization towards the West and remains open for further exploration.

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Osisko Metals Announces New Drill Results at Pine Point With up to 33.00 Metres Grading 11.26% Zinc and 2.71% Lead

Osisko Metals Announces New Drill Results at Pine Point With up to 33.00 Metres Grading 11.26% Zinc and 2.71% Lead

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce initial assay results from its 2023 drilling program at Pine Point Project, located in the Northwest Territories, Canada. The reported results are from the X25 deposit, a prismatic-style deposit with a tabular-style apron in the West Zone.

Drilling was conducted as part of the Pine Point Joint Venture's larger 2023 definition drilling program that is designed to achieve an average drill spacing of approximately 30 metres within the current modelled mineral resources reported in the 2022 PEA deposits. This spacing is intended to upgrade resources presently classified as Inferred to the Indicated category.

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Pampa Metals Options Copper-Gold Project Along San Juan Porphyry Belt. Historical Unaudited Intervals Include 413.5m from 167 @ 0.47% Cu and 0.52 g/t Au *

Pampa Metals Options Copper-Gold Project Along San Juan Porphyry Belt. Historical Unaudited Intervals Include 413.5m from 167 @ 0.47% Cu and 0.52 g/t Au *

Pampa Metals Corp. ("PMC" or the "Company") (CSE:PM)(FSE:FIRA)(OTCQX:PMMCF) is pleased to announce that on November 30, 2023 it entered into an option and joint venture agreement with Compañia Minera Piuquenes S.A (a Panamanian entity) to acquire an 80% interest in the Piuquenes porphyry copper-gold project located in the San Juan province, Argentina. Proximal to the globally significant El Pachón (Glencore) and Altar (Aldebaran Resources) Projects, the Piuquenes porphyry copper-gold project has been privately held since its discovery

Piuquenes Porphyry Copper-Gold Project

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Dr. Jack Milton and the Fireweed Metals Team Receive the 2023 AME H.H. "Spud" Huestis Award

Dr. Jack Milton and the Fireweed Metals Team Receive the 2023 AME H.H. "Spud" Huestis Award

Fireweed Metals CORP. ("Fireweed") (TSXV: FWZ; OTCQB: FWEDF; FSE: M0G) is pleased to share that Dr. Jack Milton, VP Geology, and the Fireweed Team have been announced as the recipients of the prestigious 2023 Association for Mineral Exploration (AME) H.H. "Spud" Huestis Award for applying a combination of progressive and innovative prospecting techniques and geoscientific technologies leading to the discovery of Boundary West and the expansion of significant mineral resources at the Macmillan Pass ("Macpass") Project, Yukon.

Highlights

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Heritage Mining - Drill Program Update and Planned Alcona Phase II Drill Program

Heritage Mining - Drill Program Update and Planned Alcona Phase II Drill Program

(TheNewswire)

Heritage Mining Ltd.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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Canadian North Resources Inc. Reports Exceptional Operational and Financial Results for the Third Quarter Ended September 30, 2023

Canadian North Resources Inc. Reports Exceptional Operational and Financial Results for the Third Quarter Ended September 30, 2023

Highlights:

  • Completed 21,126 metres in 78 holes for the planned 20,000-metre drilling program in 2023.
  • Intersected high-grade nickel, copper, cobalt, palladium and platinum massive to semi-massive sulphides and wide disseminated sulphide mineralized zones, e.g.,
    • 10 metres grading 0.48% Ni, 1.48% Cu, 0.06% Co, 1.28g/t Pd and 0.06g/t Pt in hole FL23-481B.
    • 112.5 metres grading 0.16% Ni, 0.23% Cu, 0.02% Co, 0.35g/t Pd and 0.06g/t Pt in hole FL23-527B.
  • Expanded >3,000 metres in total of the main mineralized zones along the strike (1,600 m in West Zone and 1,400 m in East Zone); extended the satellite mineralized zones for 200-450 metres.
  • Adding results of 39,270 metres in 145 holes of new diamond drilling in 2021-23 to the project database for the completion of an updated Mineral Resources estimation.

Canadian North Resources Inc. ("the Company", TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to report the operational and financial results for the third quarter ended September 30, 2023.

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Canadian North Resources Inc. Further Extends Three Copper-Nickel-Cobalt-PGM Sulphide Mineralized Zones and Continues Unveiling Growth Potential at the Ferguson Lake Project in Canada

Canadian North Resources Inc. Further Extends Three Copper-Nickel-Cobalt-PGM Sulphide Mineralized Zones and Continues Unveiling Growth Potential at the Ferguson Lake Project in Canada

Highlights:

  • Three copper-nickel sulphide zones further extended along strike for: 200 m west of West Zone; 450 m of M-Zone, and 300 by 200 m of Anomaly-51 Zone;
  • Two new sulphide zones confirmed: northeast extension of Anomaly-51 Zone and south of Central Zone.
  • Significant (>3 – 15 metres) massive to semi-massive sulphides and widened (up to 112.5 metres) disseminated sulphide mineralized zones intersected:
    • 15.0 metres grading 0.36%Ni, 0.48% Cu, 0.05% Co, 0.70g/t Pd, 0.08g/t Pt and 0.06g/t Rh in FL23-527 hole.
    • 112.5 metres grading 0.16% Ni, 0.23% Cu, 0.02% Co, 0.35g/t Pd, 0.06g/t Pt and 0.02g/t Rh in FL23-527B hole.

Canadian North Resources Inc. ("the Company", TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to report the return of assay results from 26 remaining holes drilled during the summer, which is the final portion of the 21,126-metre 2023 diamond drilling program completed at its 100% owned Ferguson Lake Project ("Ferguson Lake Project") in Nunavut, Canada.

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Fabled Copper Receives Drill Permit and Outlines Proposed 2024 Drill Program on Davis Keays Eagle Vein

Fabled Copper Receives Drill Permit and Outlines Proposed 2024 Drill Program on Davis Keays Eagle Vein

Fabled Copper Corp. ("Fabled Copper" or the "Company") (CNSX:FABL)(FRA:XZ7) announces that it has received its Mines Act Permit which entitles the Company to drill from 15 drill stations over a period of 2 years on the Muskwa Copper Project

The Muskwa Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. The Neil Property area was granted the drilling permit and in particular the Davis Keays Eagle Vein area is the Company's first priority interest. See Figure 1 below.

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