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.

These results are positive as the Company prepares for the Q1 2024 exploration program. Currently there are geophysical surveys underway evaluating target areas for prismatic-style mineralization that were outlined over the summer months by the Joint Venture Exploration Team.

Highlights of Drill Hole Assay Composites:

  • K68-23-PP-001: 10.00 metres grading, 7.20% Zn and 0.73% Pb (7.93 Zn+Pb)
  • K68-23-PP-009: 6.00 metres grading, 11.37% Zn and 0.54% Pb (11.91 Zn+Pb)
  • K68-23-PP-020: 8.00 metres grading, 9.44% Zn and 1.20% Pb (10.63 Zn+Pb)
  • K68-23-PP-030: 10.00 metres grading, 5.20% Zn and 3.50 %Pb (8.71 Zn+Pb)
  • K68-23-PP-064B: 7.00 metres grading, 9.97% Zn and 4.49% Pb (14.45 Zn+Pb)

Drilling was conducted as part of the 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.

The Company would like to announce that as of September, Mr. Robin Adair has stepped down as Vice President of Exploration of Osisko Metals and has transitioned to Senior Technical Advisor for the PPML Joint Venture (holder of the Pine Point Project). The Company appreciates Mr. Adair's significant contribution over the years, and we will continue to collaborate and benefit from his knowledge in his new role with PPML.

Table 1: Drill Hole Assay Composites.

Hole Name
Zone
Deposit
From To Drill Width True Width Zn Pb Zn+Pb
(m) (m) (m) (m) % % %
J68-23-PP-002 C1 J68 60.00 61.00 1.00 1.00 2.65 0.26 2.91
J68-23-PP-006 C1 J68 24.00 27.00 3.00 3.00 3.13 0.90 4.03
and C1 J68 33.00 35.00 2.00 2.00 2.41 0.33 2.73
J68-23-PP-007 C1 J68 18.00 20.00 2.00 2.00 2.17 0.60 2.77
and C1 J68 42.50 44.00 1.50 1.50 3.00 0.11 3.11
K68-23-PP-001 C1 K68 56.00 66.00 10.00 9.99 7.20 0.73 7.93
K68-23-PP-002 C1 K68 59.00 62.00 3.00 2.99 1.39 1.33 2.71
and C1 K68 66.00 67.00 1.00 1.00 2.01 1.84 3.85
K68-23-PP-003 C1 K68 51.00 52.00 1.00 1.00 6.69 0.51 7.20
and C1 K68 61.00 65.00 4.00 4.00 3.01 0.20 3.20
K68-23-PP-004 C1 K68 62.00 63.00 1.00 1.00 5.06 1.79 6.86
and C1 K68 65.00 66.00 1.00 1.00 3.70 0.12 3.82
K68-23-PP-006 C1 K68 59.00 65.00 6.00 5.99 2.23 1.15 3.37
K68-23-PP-007 C1 K68 59.00 64.00 5.00 4.99 4.55 0.15 4.69
K68-23-PP-008 C1 K68 61.00 63.00 2.00 2.00 4.24 0.85 5.09
K68-23-PP-009 C1 K68 60.00 66.00 6.00 5.99 11.37 0.54 11.91
K68-23-PP-010 C1 K68 56.50 57.00 0.50 0.50 1.79 1.03 2.83
K68-23-PP-011 C1 K68 64.00 67.00 3.00 3.00 6.70 0.67 7.38
K68-23-PP-014 C1 K68 60.00 65.00 5.00 4.99 5.92 0.98 6.91
K68-23-PP-017 C1 K68 58.00 62.00 4.00 3.99 1.57 1.77 3.34
K68-23-PP-018 C1 K68 57.00 65.00 8.00 7.98 5.13 0.73 5.86
K68-23-PP-019 C1 K68 68.00 69.00 1.00 1.00 1.58 1.25 2.83
K68-23-PP-020 C1 K68 54.00 62.00 8.00 7.99 9.44 1.20 10.63
and C1 K68 64.00 67.00 3.00 3.00 5.46 1.35 6.81
K68-23-PP-021 C1 K68 58.00 59.00 1.00 1.00 2.07 0.09 2.16
and C1 K68 61.00 62.00 1.00 1.00 1.84 0.25 2.08
and C1 K68 65.00 67.00 2.00 2.00 7.77 0.34 8.11
K68-23-PP-022 C1 K68 60.00 65.00 5.00 4.99 4.88 0.22 5.10
K68-23-PP-024 C1 K68 62.00 63.00 1.00 1.00 1.83 0.43 2.26
K68-23-PP-025 C1 K68 56.00 57.00 1.00 1.00 2.04 0.18 2.22
and C1 K68 59.00 67.00 8.00 7.99 4.24 0.50 4.74
K68-23-PP-026 C1 K68 57.00 63.00 6.00 5.99 4.17 1.20 5.37
K68-23-PP-026 C1 K68 67.00 71.00 4.00 3.99 6.86 0.43 7.29
K68-23-PP-028 C1 K68 54.00 58.00 4.00 3.99 10.11 0.92 11.03
and C1 K68 60.00 62.00 2.00 2.00 2.01 0.17 2.19
K68-23-PP-029 C1 K68 65.00 66.00 1.00 1.00 2.66 0.08 2.74
K68-23-PP-030 C1 K68 50.00 60.00 10.00 9.99 5.20 3.50 8.71
and C1 K68 62.00 64.00 2.00 2.00 5.64 0.32 5.96
K68-23-PP-031 C1 K68 57.00 58.00 1.00 1.00 1.98 0.34 2.32
K68-23-PP-033 C1 K68 66.00 70.00 4.00 3.99 2.31 1.43 3.74
K68-23-PP-034 C1 K68 64.00 65.00 1.00 1.00 5.45 0.46 5.91
K68-23-PP-035 C1 K68 52.00 59.00 7.00 6.99 3.71 0.45 4.16
K68-23-PP-038 C1 K68 53.00 56.00 3.00 3.00 4.31 7.27 11.59
K68-23-PP-039 C1 K68 61.00 62.00 1.00 1.00 4.58 2.37 6.95
K68-23-PP-040 C1 K68 53.00 54.00 1.00 1.00 2.21 0.37 2.58
K68-23-PP-041 C1 K68 48.00 52.00 4.00 4.00 3.27 0.22 3.49
and C1 K68 56.00 61.00 5.00 5.00 3.84 0.71 4.55
K68-23-PP-042 C1 K68 56.00 57.00 1.00 1.00 1.93 0.53 2.46
and C1 K68 63.56 65.00 1.44 1.44 3.17 0.46 3.63
K68-23-PP-044B C1 K68 57.00 59.00 2.00 2.00 1.95 0.57 2.52
and C1 K68 61.00 62.00 1.00 1.00 2.10 0.02 2.12
K68-23-PP-045 C1 K68 59.00 60.00 1.00 1.00 1.94 0.33 2.27
K68-23-PP-046 C1 K68 59.00 61.00 2.00 1.99 4.13 0.06 4.19
and C1 K68 67.00 68.00 1.00 1.00 3.30 0.19 3.49
K68-23-PP-048 C1 K68 58.00 59.00 1.00 1.00 1.93 0.13 2.05
and C1 K68 63.00 65.00 2.00 2.00 3.33 0.04 3.37
K68-23-PP-049 C1 K68 59.00 60.00 1.00 1.00 1.94 0.64 2.58
K68-23-PP-050 C1 K68 51.00 54.00 3.00 3.00 1.55 0.41 1.96
K68-23-PP-052 C1 K68 59.00 60.00 1.00 1.00 7.10 0.69 7.79
K68-23-PP-053 C1 K68 59.00 60.00 1.00 1.00 2.22 0.03 2.25
K68-23-PP-054 C1 K68 57.15 60.00 2.85 2.85 4.99 0.30 5.29
and C1 K68 62.00 64.00 2.00 2.00 9.69 7.69 17.37
K68-23-PP-055 C1 K68 61.00 66.00 5.00 4.99 3.93 0.22 4.15
K68-23-PP-056 C1 K68 61.00 66.00 5.00 4.99 14.92 4.31 19.23
K68-23-PP-057 C1 K68 66.00 69.00 3.00 2.99 17.18 19.71 36.89
K68-23-PP-058 C1 K68 64.00 68.00 4.00 3.99 8.90 1.76 10.66
K68-23-PP-060 C1 K68 53.00 54.00 1.00 1.00 1.95 0.06 2.00
and C1 K68 56.00 61.00 5.00 5.00 2.69 0.61 3.30
K68-23-PP-061 C1 K68 63.00 64.00 1.00 1.00 3.02 1.50 4.52
K68-23-PP-062 C1 K68 62.00 63.00 1.00 1.00 3.68 1.08 4.75
K68-23-PP-063 C1 K68 59.00 67.00 8.00 7.98 4.31 0.37 4.68
K68-23-PP-063B C1 K68 60.00 68.00 8.00 7.99 3.53 0.52 4.06
K68-23-PP-064 C1 K68 57.00 58.00 1.00 1.00 3.19 0.06 3.25
and C1 K68 63.00 68.00 5.00 4.99 10.84 1.43 12.27
K68-23-PP-064B C1 K68 63.00 70.00 7.00 6.99 9.97 4.49 14.45
K68-23-PP-065 C1 K68 54.00 65.00 11.00 10.99 4.96 0.71 5.67
K68-23-PP-066 C1 K68 61.00 65.00 4.00 3.99 6.13 0.22 6.36
K68-23-PP-068 C1 K68 62.00 67.00 5.00 4.99 5.53 1.43 6.97
K68-23-PP-069 C1 K68 59.00 66.00 7.00 6.99 5.36 0.48 5.85
and C1 K68 68.00 70.00 2.00 2.00 3.53 0.35 3.88
K68-23-PP-070 C1 K68 56.00 59.00 3.00 2.99 3.92 0.09 4.01
and C1 K68 62.00 64.00 2.00 2.00 3.97 0.33 4.31
K68-23-PP-071 C1 K68 64.00 65.00 1.00 1.00 1.78 0.23 2.01
K68-23-PP-072 C1 K68 59.00 62.00 3.00 3.00 5.41 1.74 7.15
K68-23-PP-073 C1 K68 56.00 61.00 5.00 5.00 5.84 2.06 7.90


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) Azimuth Dip Length (m)
J68-23-PP-001 C1 J68 627313 6744288 211 0 -90 29
J68-23-PP-001B C1 J68 627313 6744288 211 0 -90 62
J68-23-PP-002 C1 J68 627262 6744258 211 0 -90 65
J68-23-PP-003 C1 J68 627291 6744250 211 0 -90 65
J68-23-PP-004 C1 J68 627263 6744212 211 0 -90 68
J68-23-PP-005 C1 J68 627234 6744217 211 0 -90 65
J68-23-PP-006 C1 J68 627185 6744088 210 0 -90 77
J68-23-PP-007 C1 J68 627222 6744042 211 0 -90 53
K68-23-PP-001 C1 K68 628073 6743959 213 0 -90 68
K68-23-PP-002 C1 K68 628046 6743975 213 0 -90 68
K68-23-PP-003 C1 K68 628045 6743941 213 0 -90 72
K68-23-PP-004 C1 K68 628037 6743911 213 0 -90 71
K68-23-PP-005 C1 K68 628012 6743894 213 0 -90 71
K68-23-PP-006 C1 K68 628014 6743931 213 0 -90 68
K68-23-PP-007 C1 K68 628010 6743960 213 0 -90 68
K68-23-PP-008 C1 K68 627996 6743988 213 0 -90 68
K68-23-PP-009 C1 K68 627967 6743973 213 0 -90 68
K68-23-PP-010 C1 K68 627981 6743944 213 0 -90 71
K68-23-PP-011 C1 K68 627983 6743912 213 0 -90 71
K68-23-PP-012 C1 K68 627982 6743884 213 0 -90 71
K68-23-PP-013 C1 K68 627951 6743900 213 0 -90 71
K68-23-PP-014 C1 K68 627951 6743930 213 0 -90 68
K68-23-PP-015 C1 K68 627935 6743989 213 0 -90 65
K68-23-PP-016 C1 K68 627902 6743979 212 0 -90 65
K68-23-PP-017 C1 K68 627909 6743949 213 0 -90 68
K68-23-PP-018 C1 K68 627919 6743921 213 0 -90 68
K68-23-PP-019 C1 K68 627923 6743892 213 0 -90 74
K68-23-PP-020 C1 K68 627889 6743910 213 0 -90 71
K68-23-PP-021 C1 K68 627861 6743898 213 0 -90 74
K68-23-PP-022 C1 K68 627849 6743924 213 0 -90 71
K68-23-PP-023 C1 K68 627872 6743970 213 0 -90 65
K68-23-PP-024 C1 K68 627847 6743953 213 0 -90 68
K68-23-PP-025 C1 K68 627803 6743866 213 0 -90 74
K68-23-PP-026 C1 K68 627797 6743895 213 0 -90 71
K68-23-PP-027 C1 K68 627789 6743924 212 0 -90 68
K68-23-PP-028 C1 K68 627769 6743943 212 0 -90 62
K68-23-PP-029 C1 K68 627761 6743909 212 0 -90 68
K68-23-PP-030 C1 K68 627737 6743894 212 0 -90 65
K68-23-PP-031 C1 K68 627772 6743852 213 0 -90 71
K68-23-PP-032 C1 K68 627745 6743834 213 0 -90 68
K68-23-PP-033 C1 K68 627741 6743866 212 0 -90 74
K68-23-PP-034 C1 K68 627709 6743882 212 0 -90 65
K68-23-PP-035 C1 K68 627709 6743915 212 0 -90 59
K68-23-PP-036 C1 K68 627735 6743957 212 0 -90 56
K68-23-PP-037 C1 K68 627716 6743945 212 0 -90 59
K68-23-PP-038 C1 K68 627678 6743969 212 0 -90 59
K68-23-PP-039 C1 K68 627679 6743935 212 0 -90 62
K68-23-PP-040 C1 K68 627650 6743919 212 0 -90 63
K68-23-PP-041 C1 K68 627658 6743888 212 0 -90 63
K68-23-PP-042 C1 K68 627686 6743871 212 0 -90 65
K68-23-PP-043 C1 K68 627689 6743832 212 0 -90 72
K68-23-PP-044B C1 K68 627662 6743855 212 0 -90 80
K68-23-PP-045 C1 K68 627636 6743837 212 0 -90 66
K68-23-PP-046 C1 K68 627609 6743816 212 0 -90 72
K68-23-PP-047 C1 K68 627609 6743854 212 0 -90 69
K68-23-PP-048 C1 K68 627623 6743901 212 0 -90 68
K68-23-PP-049 C1 K68 627628 6743945 212 0 -90 65
K68-23-PP-050 C1 K68 627631 6743978 212 0 -90 62
K68-23-PP-051 C1 K68 627593 6744001 211 0 -90 68
K68-23-PP-052 C1 K68 627601 6743969 211 0 -90 65
K68-23-PP-053 C1 K68 627587 6743948 211 0 -90 65
K68-23-PP-054 C1 K68 627545 6743966 211 0 -90 65
K68-23-PP-055 C1 K68 627552 6743921 211 0 -90 70
K68-23-PP-056 C1 K68 627580 6743910 211 0 -90 71
K68-23-PP-057 C1 K68 627577 6743883 211 0 -90 74
K68-23-PP-058 C1 K68 627593 6743879 211 0 -90 71
K68-23-PP-059 C1 K68 627560 6743859 211 0 -90 68
K68-23-PP-060 C1 K68 627553 6743828 212 0 -90 65
K68-23-PP-061 C1 K68 627575 6743807 212 0 -90 66
K68-23-PP-062 C1 K68 627896 6743878 213 0 -90 68
K68-23-PP-063 C1 K68 628099 6743937 213 0 -90 68
K68-23-PP-063B C1 K68 628099 6743937 213 0 -90 92
K68-23-PP-064 C1 K68 628101 6743973 213 0 -90 68
K68-23-PP-064B C1 K68 628101 6743973 213 0 -90 92
K68-23-PP-065 C1 K68 627832 6743880 213 0 -90 80
K68-23-PP-066 C1 K68 628071 6743922 213 0 -90 92
K68-23-PP-067 C1 K68 628125 6743927 215 0 -90 95
K68-23-PP-068 C1 K68 628127 6743957 213 0 -90 95
K68-23-PP-069 C1 K68 628132 6743982 213 0 -90 80
K68-23-PP-070 C1 K68 628110 6743998 213 0 -90 80
K68-23-PP-071 C1 K68 628073 6743990 213 0 -90 74
K68-23-PP-072 C1 K68 628028 6744001 213 0 -90 77
K68-23-PP-073 C1 K68 627995 6744019 213 0 -90 77


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.

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/838aa1fb-6f85-4f67-bf91-a698b0eaad1d


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Osisko Metals Announces Award Grants

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: OB51) announces that that it has granted (i) an aggregate 12,500,000 restricted share units of the Company (" RSUs ") to certain executive directors and officers of the Company, and (ii) an aggregate of 1,750,000 deferred share units of the Company (" DSUs ") to certain independent directors of the Company.

All RSUs are scheduled to vest on the third anniversary of the date of grant and all DSUs are scheduled to vest upon the applicable recipient ceasing to be a director or officer of the Company, in each case, subject to terms of a newly adopted omnibus incentive plan (the " Plan ") and applicable award agreements and the policies of the TSX Venture Exchange (the " Exchange "). All RSUs and DSUs granted under the Plan may only be settled in cash until such time as the Plan and related grants have been approved by the shareholders of the Company and the Exchange.

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Osisko Metals Welcomes the Participation of the Quebec Government in Its Gaspé Copper Project

Osisko Metals Welcomes the Participation of the Quebec Government in Its Gaspé Copper Project

Osisko Metals Incorporated (the " Company or " Osisko Metals ") ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to welcome the participation of the Government of Quebec in its Gaspé Copper Project, located next to the Town of Murdochville in the Gaspé Peninsula, on the traditional territory of the Mi'gmaq First Nation of Gespe'gewa'gi.

The Government of Quebec will lead a pilot project to create a committee that seeks to maximize the economic benefits of the Gaspé Copper Project. The committee will be overseen by the Ministère des Ressources naturelles et des Forêts (Quebec Ministry of Natural Resources and Forests) and aims to optimize socio-economic benefits in the Gaspé Peninsula by ensuring strong collaboration with the business community throughout the project development process.

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Osisko Metals Corporate Update

Osisko Metals Corporate Update

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: OB51 ) announces, further to its news release dated November 18, 2024 (entitled " Osisko Metals Expands Leadership Team and Announces C$100 Million Bought Deal Financing " ), the following changes to Osisko Metals' leadership team:

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Osisko Metals Announces Closing of C$107.4 Million "Bought Deal" Private Placement

Osisko Metals Announces Closing of C$107.4 Million "Bought Deal" Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: OB51) is pleased to announce that it has closed its previously-announced "bought deal" brokered private placement offering (the " Offering ") for aggregate gross proceeds of C$107.4 million, including the partial exercise the option granted to the Underwriters (as defined herein). In connection with the Offering, the Company issued an aggregate of (i) 70,326,229 flow-through units of the Company (" FT Units ") consisting of 64,215,117 FT Units at an issue price of C$0.50 per FT Unit and 6,111,112 FT Units at an issue price of C$0.54 per FT Unit, for aggregate gross proceeds of C$35,407,558.98 and (ii) 277,051,466 units of the Company (" HD Units ") at a price of C$0.26 per HD Unit, for aggregate gross proceeds of C$72,033,381.16.

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Cygnus Starts Trading on OTCQB Market

Cygnus Starts Trading on OTCQB Market

HIGHLIGHTS:

  • Cygnus' common shares have qualified to trade on the OTCQB ® Venture Market ("OTCQB"), a U.S. marketplace operated by OTC Markets Group Inc. (the "OTC"),
  • Trading commences today under the ticker "CYGGF"

Cygnus Metals Limited (ASX: CY5; TSXV: CYG; OTCQB: CYGGF) ("Cygnus" or the "Company") is pleased to announce that its common shares have qualified to trade on the OTCQB ® Venture Market ("OTCQB"), a U.S. marketplace operated by OTC Markets Group Inc. (the "OTC"), and will commence trading today under the symbol "CYGGF". The common shares of the Company will continue to trade on the ASX and TSX Venture Exchange.

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WESTERN COPPER AND GOLD PROVIDES POSITIVE METALLURGICAL UPDATE

WESTERN COPPER AND GOLD PROVIDES POSITIVE METALLURGICAL UPDATE

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce results from a supplemental metallurgical program (the "Metallurgical Program") for its wholly owned Casino Copper-Gold Project (" Casino ").

Western Copper and Gold Corporation Logo (CNW Group/Western Copper and Gold Corporation)

The Metallurgical Program used drill core composites of material representing potential mill feed taken from the 2023 diamond drilling program with more variable copper, gold, and molybdenum levels than had been tested in previous drill campaigns and from a broader period of planned mining.

Attractive Recoveries – Standard processing methods continue to produce good recoveries for copper and gold, consistent with previous metallurgical work. The program achieved significantly higher recoveries for molybdenum (approximately 90% in hypogene material versus overall 71% in the Feasibility Study).

High Grade Concentrates with Low Impurities Casino would produce a high gold grade copper concentrate and a separate molybdenum concentrate. Both are expected to be highly marketable given the very low levels of impurities.

Further Potential Upside – Primary grind size for Casino is expected to be 210μm which compares quite favorably versus other similar projects.  Initial coarse particle separation tests, conducted during this program, suggest an opportunity to further increase primary grind size without sacrificing recoveries.

"The latest metallurgical testing complements the work released in 2023 and now creates a fairly comprehensive picture of the attractive recoveries and metallurgical characteristics of the Casino Project. The project has the ability to produce highly sought after, high-grade concentrates into a market experiencing significant tightness, especially for cleaner concentrates such as those from Casino ." said Sandeep Singh , President and CEO.

Metallurgical Program

The outline of the Metallurgical Program and the review of the results were developed by Western's Technical and Sustainability Committee, which is comprised of members from Western, Rio Tinto and Mitsubishi Materials.

The fifteen composites of approximately 200 kg were subjected to detailed mineralogy, comminution testing, flotation testing and detailed analysis of copper concentrates. Composite preparation and all metallurgical test work was completed at ALS Metallurgy in Kamloops, B.C.

Table 1 shows the analysis of the composites and their associated lithology, either Supergene Sulphide (SUS) or Hypogene (HYP). The target composition was achieved for all composites except Composite 14, which contained very low grades and was subject to limited testing. Composite 8 was also excluded from the results below, as it was intentionally selected as an outlier to maximize deleterious content.

Casino has two main copper-gold zones, the Supergene Sulphide Zone which represents about 25% of the resource and the Hypogene Zone, which represents about 70% of the resource. The remaining 5% of the resource is represented by oxide materials.

Table 1 – Composites Used in Metallurgical Program

Composite

Zone

Cu

Cu (WAS) 1

Au

Mo

( %)

( %)

(g/t)

( %)

1

SUS

0.26

0.023

0.40

0.015

2

HYP

0.10

0.001

0.12

0.002

3

SUS

0.29

0.016

0.38

0.018

4

HYP

0.26

0.005

0.35

0.021

5

HYP

0.17

0.003

0.20

0.013

6

HYP

0.12

0.002

0.13

0.008

7

SUS

0.25

0.025

0.25

0.005

8

HYP

0.25

0.003

0.31

0.013

9

HYP

0.24

0.003

0.34

0.027

10

HYP

0.16

0.003

0.18

0.015

11

SUS

0.29

0.036

0.17

0.029

12

SUS

0.37

0.046

0.44

0.029

13

SUS

0.31

0.071

0.40

0.011

14

HYP

0.06

0.004

0.08

0.009

15

SUS

0.22

0.025

0.16

0.004


1 Cu (WAS) is the percentage of copper in the composite determined by weak acid soluble copper analysis

Flotation Test Results

Casino proposes using flotation to produce saleable copper-gold and molybdenum concentrates using an industry standard process flowsheet. Gold values are expected to be recovered within a copper concentrate and be payable under typical copper concentrate smelting terms and molybdenum is separated from a bulk copper-molybdenum concentrate to produce separate copper and molybdenum concentrates.

Table 2 depicts metallurgical recoveries obtained for hypogene composites using locked cycle testing. Hypogene samples demonstrate consistently high copper recoveries and very good quality copper concentrates. An average molybdenum recovery to a bulk copper-molybdenum concentrate of 90%, significantly higher than previous testing, was achieved for the hypogene composites without including Composite 2, which had a very low molybdenum head grade.

Table 2 – Summary of Locked-Cycle Flotation Results for Hypogene Composite Samples

Composite

Copper Concentrate Grade

Recoveries to Concentrate

Cu (%)

Au (g/t)

Cu (%)

Mo (%)

Au (%)

2

24.4

16.1

85.5

54.3

53.7

4

27.7

27.3

87.8

90.2

63.2

5

26.2

21.7

86.9

90.9

61.7

6

26.9

20.0

87.5

84.9

60.7

9

28.2

27.2

88.8

94.5

63.0

10

26.5

23.3

82.9

89.9

53.3

Table 3 shows locked cycle test results for supergene sulphide samples. Copper concentrate grade does not appear to be significantly impacted when processing supergene sulphide weathered materials. The reduction in overall copper recovery in flotation is a function of the weak acid soluble copper content (shown in Table 1) and is in line with previous test work. Molybdenum and gold recoveries are similar to previous test work.

Table 3 – Summary of Locked-Cycle Flotation Results for Supergene Sulphide Composite Samples

Composite

Copper Concentrate Grade

Recoveries to Concentrate

Cu (%)

Au (g/t)

Cu (%)

Mo (%)

Au (%)

1

26.7

32.2

76.5

74.2

58.8

3

28.8

32.8

77.0

85.3

59.6

7

19.3

13.5

83.4

74.3

62.5

11

27.6

13.5

79.6

76.4

57.6

12

27.7

26.2

87.0

86.7

62.9

13

18.1

17.8

73.6

86.4

58.6

15

27.4

20.9

71.0

34.4

58.6

Copper Concentrate Quality

The flotation concentrates produced from Casino continue to demonstrate very good grades in terms of copper and gold, as well as low levels of potential penalty elements. Table 4 shows a summary of copper concentrates produced from the recent test work, including key elements relevant to smelter terms. Average values for penalty elements, including As, Sb, Hg and F are shown to be well below typical smelter contract terms.

Table 4 – Casino Concentrate Analysis

Composite

Copper Concentrate Grades

Smelter Sensitive Elements

Cu (%)

Au (g/t)

As (%)

Sb (%)

Hg (g/t)

F (g/t)

1

26.7

32.2

0.01

0.00

0.33

50

2

20.3

13.6

0.17

0.09

0.12

140

3

28.8

32.8

0.02

0.00

0.04

70

4

29.1

26.5

0.01

0.00

0.02

60

5

29.7

22.3

0.01

0.00

0.02

60

6

29.4

18.7

0.03

0.01

0.03

60

7

19.3

13.5

0.20

0.06

0.59

70

9

30.1

28.7

0.34

0.09

0.13

90

10

26.2

22.1

0.07

0.17

0.23

90

11

27.6

13.5

0.01

0.00

0.23

70

12

27.7

26.2

0.18

0.11

0.47

100

13

18.1

17.8

0.03

0.01

0.27

70

15

27.4

20.9

0.18

0.05

0.86

290

Coarse Particle Separation Testing

A hypogene master composite was prepared for coarse particle flotation to test the impact on recoveries while increasing the primary grind size. In a single test, the grind size was increased from the project baseline of 210μm to 292μm with no significant change in overall copper and gold recoveries, and a small reduction in molybdenum recovery. The initial testing was promising and warrants future testing and evaluation.

Qualified Persons

The metallurgical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 Standards of Disclosures for Minerals Projects of the Canadian Securities Administrators ("NI 43-101") and supervised, reviewed, and verified by Jeffrey B. Austin , P.Eng., President of International Metallurgical and Environmental Inc., a "Qualified Person" as defined by NI 43-101.

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.  For more information, visit www.westerncopperandgold.com .

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
President and CEO
western copper and gold corporation

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding the expected metallurgical performance, the marketability of the concentrates, the potential for further process optimization through grind size adjustments, and the broader market outlook for copper and molybdenum concentrates. These statements are based on current test results and interpretations, which may evolve as further metallurgical work is conducted.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to current metallurgical test results being representative of future recoveries, the availability of market demand for copper and molybdenum concentrates, and such other assumptions and factors as set out herein, and in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company's views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-and-gold-provides-positive-metallurgical-update-302376534.html

SOURCE western copper and gold corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/13/c4898.html

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Yalgoo - Remorse Metallurgical Testing Commences

Yalgoo - Remorse Metallurgical Testing Commences

Tempest Minerals (TEM:AU) has announced Yalgoo - Remorse Metallurgical Testing Commences


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Silver47 Identifies Critical Minerals Antimony and Gallium Potential in Addition to the High-Grade Silver-Gold-Zinc at the Red Mountain Project, Alaska

Silver47 Identifies Critical Minerals Antimony and Gallium Potential in Addition to the High-Grade Silver-Gold-Zinc at the Red Mountain Project, Alaska

Silver47 Exploration Corp. (TSXV: AGA) ("Silver47" or the "Company), has identified anomalous concentrations of several elements listed by both the United States and Canada as 'critical metals.' Following the 2024 drill program, a full review of historic and recent drill assays was undertaken with a focus on critical mineral potential. In addition to the high-grade zinc-silver-gold-lead-copper defined in the inferred resource, elevated amounts antimony (Sb), gallium (Ga), niobium (Nb), and vanadium (V) were found to occur within the Dry Creek (DC) and West Tundra Flats (WTF) resource zones.

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