Osisko Metals Inc. on Feb. 26 said a 50,000-meter drill program is underway on the Pine Point zinc-lead property in Canada's Northwest Territories.
The campaign is scheduled to continue over the next five weeks, then pause for the spring thaw and resume by May. Drilling aims to confirm and define historical resources and investigate new exploration targets.
"We are planning an aggressive exploration program to confirm, upgrade and expand the portfolio of over 40 historical deposits," President and CEO Jeff Hussey said. "Shallow mineralization will allow us to rapidly convert the historical resources into National Instrument 43-101 compliant mineral resource estimates and incorporate them into economic studies."
The company is also planning an airborne geophysical survey alongside metallurgical testing, environmental studies and engineering trade-off studies.
Osisko Metals completed the acquisition of Pine Point Mining Ltd. on Feb. 23, after outlining plans for the deal in mid-December 2017. The deal resulted in the formation of Generation Mining Ltd. to hold all of Pine Point Mining's assets and liabilities other than the Pine Point property.