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     143  0 Kommentare Osisko Metals Delivers Milestone Year and Outlines Objectives for H1 2020

    MONTREAL, Jan. 17, 2020 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce a summary of 2019 highlights and a H1 2020 corporate plan and exploration outlook.

    Jeff Hussey, President and CEO, comments: “2019 was another banner year for Osisko Metals with the release of the updated 52 million tonne Mineral Resource Estimate for Pine Point, confirming Pine Point as the most exciting zinc project in North America. We also released a maiden MRE for our portfolio of assets in the Bathurst Mining Camp by unlocking potential and breathing new life into this prolific mining camp. We would like to thank all our stakeholders and shareholders as we continue to grow and advance our projects.”

    Robert Wares, Executive Chairman, comments: “Continuing on the 2019 milestones, particularly the updated Mineral Resource Estimate, the forthcoming year will be an exciting one for the Company, focusing on camp-wide exploration at Pine Point. Drill rigs are now testing multiple near-surface targets identified in the 2019 airborne gravity survey. Discoveries are made at the drill bit and with an aggressive exploration plan, 2020 will be an exciting year for Osisko Metals and its shareholders.”

    2019 Highlights:

    • On November 13th, the Company released a NI43-101 near-surface Inferred Mineral Resource Estimate (MRE”) of 52.4 million tonnes grading 4.64% zinc and 1.83% lead (6.47% ZnEq) that contains 5.3 billion pounds of zinc and 2.1 billion pounds of lead in situ. This is a 36% increase over the previous 2018 MRE at a similar grade. Over 90% of the quoted resource base is pit-constrained.
    • On December 19th, the Company announced the purchase of the pre-existing 3% NSR royalty payable to Karst on the Pine Point Project. With the concurrent sale of a 1.5% royalty to Osisko Gold Royalties, the total encumbrance on the project was decreased by 50%.
    • On September 30th, Collaboration Agreements between Osisko Metals and the Deninu Kue First Nation and the Northwest Territory Metis Nation were signed. The parties 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. Following the signing of these agreements, Osisko Metals was able to increase its mineral claim holding at Pine Point by over 100%.
    • On February 20th, Osisko Metals published a maiden MRE for the BMC project outlining 1.96Mt grading 9.00% ZnEq in the Indicated category and 3.85Mt grading 7.96% ZnEq in the Inferred category. Significant brownfield exploration potential exists at the Titan Zone where drill holes have intersected 75 metres of mineralization that is located 500 meters below the resource boundary.

    H1 2020 Outlook:

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    Osisko Metals Delivers Milestone Year and Outlines Objectives for H1 2020 MONTREAL, Jan. 17, 2020 (GLOBE NEWSWIRE) - Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce a summary of 2019 highlights and a H1 2020 corporate plan and exploration …