Osisko Metals Inc. is pleased to announce that a 50,000-metre drill program has started at Pine Point, which the Company will fund from its cash balance. Jeff Hussey, President and CEO, commented: "The Pine Point transaction has closed and it represents an important step for Osisko Metals as we initiate rapid development plans in one of Canada's once most profitable former producing zinc mining camps. We are planning an [...]
Pine Point Mining are pleased to announce the successful completion of their previously-announced arrangement pursuant to which, among other things, Osisko Metals acquired all of the issued and outstanding shares of Pine Point, and a newly-formed corporation, Generation Mining, has been created to hold all of the assets and liabilities of Pine Point, with the exception of the Pine Point project located in the Northwest [...]
Osisko Metals and Pine Point Mining are pleased to announce that Pine Point has received final approval from the Ontario Superior Court of Justice for the proposed arrangement pursuant to which, among other things, Osisko Metals will acquire all of the issued and outstanding common shares of Pine Point, and a newly formed spinco, Generation Mining Limited, has been created to hold all of the assets and liabilities of Pine [...]
Osisko Metals and Pine Point Mining are pleased to announce that the special resolution in connection with their previously announced proposed business combination to be completed by way of a plan of arrangement was overwhelmingly approved today at the special meeting of shareholders of Pine Point . Shareholder Approvals At the Meeting, the special resolution authorizing the Arrangement was approved by 98.36% of the [...]
Osisko Metals Inc. is pleased to present a summary of its 2017 corporate milestones and its outlook for 2018. Jeff Hussey, President and CEO, remarked: "2017 was a very successful year for Osisko Metals and we look forward to 2018 on many different fronts. Consolidating one of Canada's largest historical zinc mining camps in Bathurst, New Brunswick, was a major move for the Company, as well was attracting a management [...]
Osisko Metals Inc. is pleased to announce new drill results from the Gilmour South project located 35 km south west of Bathurst, New Brunswick. Drill hole GS-17-02 intersected 7.74% Zn; 2.42% Pb; 0.48% Cu; 79.34g/t Ag and 0.24g/t Au over 11.40 metres in a previously unrecognized massive sulphide extension of the deposit. Diamond drill hole GS-17-05A intersected 7.11% Zn, 1.25% Pb, 0.36% Cu, 32.48g/t Ag and 0.25g/t Au over [...]
Osisko Metals Inc. is pleased to announce the closing of its acquisition of a 100% undivided interest in Claim Block 1837 known as the Key Anacon claims, consisting of 45 mineral claim units located within the Bathurst Mining Camp approximately 19 km due south of the town of Bathurst, New Brunswick, and surrounding area , pursuant to the definitive purchase agreement dated December 21, 2017 with Hunter Brook Holdings [...]
Osisko Metals Inc. is pleased to announce additional results from its drill program on the Mount Fronsac North Project located 60 kilometres west of Bathurst, New Brunswick. Drill hole MF17- 43 intersected 3.1 metres of 12.3% Zn and 5.4% Pb, and 91.9 g/t Ag, within 15.5 metres of semi massive to massive sulphides. The holes being reported tested the deposit at different elevations to better target high-grade zones within [...]
Osisko Metals Inc. is pleased to announce that it has signed a definitive agreement with Canadian Continental Exploration Corporation to acquire 27 mineral claims in the Bathurst Mining Camp . The individual mineral claims comprising the CCEC Properties consist of 4 to 48 claim units totalling 320 claim units or 6,976 hectares. The Properties cover 27 distinct coincident gravity and electromagnetic geophysical anomalies [...]
Osisko Metals Inc. is pleased to announce that it has signed a Definitive Purchase Agreement to acquire a 100% undivided interest in the Key Anacon claims and surrounding area from Hunter Brook Holdings Limited . Key Anacon is located within the Bathurst Mining Camp and is roughly 19 km due south of the town of Bathurst, New Brunswick and 16 km southeast of the former Brunswick #12 Mine. Key Anacon is comprised of 45 [...]
Osisko Metals and Pine Point Mining are pleased to announce that they have entered into a definitive arrangement agreement dated December 15, 2017 pursuant to which, among other things, Osisko Metals has agreed to acquire all of the issued and outstanding common shares of Pine Point, and a newly formed company will be created to hold all of the assets and liabilities of Pine Point, with the exception of the Pine Point [...]
Osisko Metals Inc. is pleased to announce the initial results from its maiden drilling program on the Mount Fronsac North Project located 60 kilometres west of Bathurst, New Brunswick. Drill hole MF00-31-Wedge intersected 12.4 metres of 9.29% Zn and 2.84% Pb, and 45.1 grams per tonne Ag. Drill hole MF00-31-Wedge and another wedge cut from historical drill hole MF00-29, that is located 100m south of MF00-31-Wedge, were [...]