President & CEO of Osisko Metals, Jeff Hussey speaks on the company’s high grade, near surface mineralization zinc and lead project.
“Osisko Metal’s main commodity focus is zinc. In the last 18 months Osisko Metals has put together two of Canada’s premier zinc mining camps.
At Pine Point, we have the equivalent of 5.5 billion pounds of zinc and lead and just around 1 billion pounds in Bathurst.
We’re still at the exploration stage but we’re doing exploration and development concurrently.
Furthermore we want to grow that resource base even further through Brownfield Exploration by doing an airborne gravity and then follow up drilling right after.
It’s all above one hundred twenty five meters so, it’s very easy to access through open pit mining.
In 2019, we’re really focused on Pine Point and doing Brownfield exploration using innovative tools that should uncover great upside.
Zinc critic levels
The backdrop of the zinc metal market is at critically low levels. Metal inventories are at six days consumption, critical levels are at 10 and here’s a junior company with what could be considered by the majors a tier two asset.
Pine Point is an excellent asset, unique in the space, high grade near surface mineralization with 5.5 billion pounds of zinc and lead in one project.
Since we started the company the supply and demand fundamentals have been excellent and even at the price where it is today.
We still see that as a very positive as a long term price and we can only go up from here.” – Jeff Hussey, President & CEO of Osisko Metals
Focusing on zinc mineral assets
Osisko Metals is a Canadian exploration and development company creating value in the base metal space with a focus on zinc mineral assets.
The Company controls Canada’s two premier zinc mining camps. The Company’s flagship, the Pine Point Mining Camp (“PPMC”), located in the Northwest Territories, has an Inferred Mineral Resource of 38.4 Mt grading 4.58% zinc and 1.85% lead. Making it the largest high grade, pit constrained zinc deposit in Canada (please refer to the Amended Technical Report for further information).
Within the Bathurst Mining Camp (“BMC”), located in northern New Brunswick, the Company is focused on drilling and developing the Key Anacon Project, which previously had only sporadic exploration work performed since the 1960’s.
The Company will continue to diligently develop and explore in order to confirm and grow both projects.
In Québec, the Company owns 42,000 hectares that cover 12 grass-root zinc targets that will be selectively advanced through exploration.
For more information on Osisko Metals Inc. (OM:TSX.V, OMZNF:OTCQX) please fill out the form below.