Osisko Metals Inc. is pleased to announce first drilling results from the Fall 2019 drill program at Pine Point. Twenty-six exploration drill holes were completed in the L-37 and N-38 areas within the East Mill Zone. Highlights include drill hole L37-19-PP-001 that intersected 8.68% zinc and 2.45% lead over 6.40 metres and drill hole L37-19-PP-011 intersected 6.43% zinc and 0.87% lead over 14 metres. All intersections are [...]
In a release issued earlier today by Osisko Metals Inc. , please note that the headline should be "Osisko Metals Announces Agreement to Purchase 3% NSR Royalty on Pine Point Project" and not "Osisko Metals Announces the Staking of Additional Mineral Claims at Pine Point" as previously stated. The corrected release follows: Osisko Metals Announces Agreement to Purchase 3% NSR Royalty on Pine Point Project [...]
Osisko Metals Inc. is pleased to announce that it has entered into a binding term sheet with Karst Investments LLC and its owners to acquire a 100% interest in Karst, which holds a 3% net smelter returns royalty on the mineral leases comprising the Pine Point Project . Osisko Metals will acquire Karst in exchange for an aggregate consideration of US$8.5 million in cash and 2 million common shares of the Corporation [...]
Osisko Metals Inc. is pleased to announce that it has completed a staking initiative that will more than double its mineral claim holdings for the Pine Point Project A total of 84 claims were staked, covering a surface area totaling 24,340 hectares and increasing the Project’s total surface area to 46,553 hectares or 465km2. Registration of the claims is pending The staking initiative includes mineral rights in the [...]
Osisko Metals Inc. is pleased to announce that it has entered into two separate Collaboration Agreements regarding the Pine Point Project with the Deninu Kue First Nation and the Northwest Territory Metis Nation. These parties have entered into the agreements in order to promote a cooperative and mutually respectful relationship governing the proposed exploration and development activities in the area of Pine Point. The [...]
Osisko Metals Inc. is pleased to announce an update on its Quebec greenfield base metals exploration program, which includes the launching of an 8,000 metre drill program on the 100%-owned Ascension project, the signing of an option agreement with O3 Mining Inc. to earn a 50% interest in the Ashuanipi Project, and the continuation of its exploration program on the previously announced Quévillon base metals earn-in [...]
Osisko Metals Inc. is pleased to provide an update for its wholly owned assets in Bathurst, New Brunswick. Snapshot: Drilling to begin on a 5000-metre program in September Priority exploration targets at Key Anacon followed by the prolific Brunswick Belt Ten targets in the pipeline with new emerging targets being developed Follow-up drilling planned in winter 2020 Jeff Hussey, P. Geo., Osisko Metals President and CEO [...]
Osisko Metals Inc. is pleased to announce it has launched its fall 2019 exploration drilling program at the Pine Point Project in the Northwest Territories, Canada. Highlights: Airborne gravity gradiometry survey completed and awaiting data processing Prioritized drill-ready targets defined from compilation of previous work 5000-meter drill program starting this week Jeff Hussey, P. Geo., Osisko Metals President and CEO [...]
Osisko Metals Inc. is pleased to announce preliminary flotation test work results from the Pine Point Project in the Northwest Territories, Canada. These results were obtained from testing representative drill core samples from the 2018-2019 definition drilling campaign that were pre-concentrated using an X-Ray Transmission material sorter. The resulting concentrate was analyzed for lead and zinc as well as a suite of [...]
Osisko Metals Inc. would like to announce that its Board of Directors has approved the granting of an additional 100,000 incentive stock options to a new Director, to acquire a total of 100,000 common shares of Osisko Metals Inc.. The option grant is exercisable for a period of 5 years at a price of $0.57 per share. The options grant is subject to a vesting period of 3 years and all common shares issuable pursuant to the [...]
Osisko Metals Inc. is pleased to announce that it will be flying an Airborne Gravity Gradiometry survey this month. The survey will be utilized to identify new “Prismatic Type” deposits in conjunction with a newly developed GIS compilation and drill hole database. The mineralization found at Pine Point is typically unresponsive to previously available airborne geophysical tools and the forthcoming AGG survey [...]
Osisko Metals Inc. is pleased to announce that it has closed its previously-announced "best efforts" brokered private placement, pursuant to which the Corporation sold an aggregate of 13,553,114 common shares of the Corporation that will qualify as "flow-through shares" of the Income Tax Act ) for aggregate gross proceeds of approximately $10 million . Under the Offering, 6,410,257 Flow-Through Shares were issued at a [...]
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