Boliden closing in on deal for Lundin’s European mines
A deal would cement Boliden’s position as one of Europe’s biggest producers of zinc.
Osisko Metals (CVE: OM) of Montreal has released results of the drill program at the Titan zone on its Key Anacon property 20 km south of Bathurst. Recent hole KAT-18-08 returned 8.0 metres of massive sulphides grading 9.53% zinc, 3.63% lead, 0.20% copper, and 68.62 g/t silver.
The same hole also intersected a separate copper rich zone that assayed 1.18% copper, 0.82% zinc, 0.12% lead and 8.9 g/t silver over 16.2 metres.
Drill hole KAT-18-13 intersected the same near surface, high grade mineralized zone 75 metres below KAT-18-08 and cut 6.5 metres grading 5.34% zinc, 2.81% lead, 0.62% copper and 24.4 g/t silver. This intersection occurred within an overlapping polymetallic zone of 26.6 metres grading 0.93% copper, 1.79% zinc, 0.88% lead and 19.08 g/t silver.
Finally, drill hole KAT-18-10 intersected 6.1 metres of 4.3% zinc, 2.82% lead and 44.07 g/t silver at a vertical depth of 170 metres. This hole extends the deposit boundary towards the southeast and is open along strike at that depth.
Osisko Metals president and CEO Jeff Hussey called Key Anacon the company’s best asset in the Bathurst camp. The Titan zone is known to plunge more than 1,100 metres deep, and the zone is now at least twice as long vertically as the Main zone that has also been drilled at Key Anacon. Both zones lie in the same stratigraphic horizon that hosted both the Brunswick No.12 and No.6 zinc-lead mines.
