Creating value in the base metals sector with a focus on zinc
Osisko Metals is a Canadian exploration and development company creating value in the base metal space with a focus on zinc mineral assets. In fact, the Corporation controls Canada’s two premier historical zinc mining camps: The Pine Point Mining Camp and the Bathurst Mining Camp.
The Pine Point lead-zinc project has a storied history, having been first discovered in 1898 by prospectors heading to the Klondike gold rush. Further, the project is located on the south shore of Great Slave Lake in the Northwest Territories. It is accessible directly and year-round by an all-weather highway from Hay River, the economic “Hub of the North”. Additionally, it comprises of mineral claims and mineral leases covering an area of 22,213 hectares. They contain key stratigraphy that hosts zinc and lead mineralization.
Geologically, extensive zinc and lead sulphide mineralization (sphalerite and galena) is hosted within an east-west trending dolomitized reef structure at shallow depths. Mineralization is by replacement and void-filling with sulphides deposited as colloform as well as coarse, vug-fill styles. Moreover, on the project scale, concentrated sulphides are present in two deposit types: 1) Tabular: consisting of horizontal, locally continuous, mineralization, and 2) Prismatic: consisting of near vertical pinnacles of strong sulphide development. It is likely that the tabular deposits represent lateral fluid channel ways that connect the prismatic bodies. Both types of deposits are abundant in three parallel trends named the North Trend, Main Trend and the South Trend.
“We’ve been able, to date, define 52 million tonnes of inferred resources near-surface, which makes it one of the premier zinc development stories in Canada.” says Chairman and CEO, Robert Wares.
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