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.
NORTHWEST TERRITORIES – Osisko Metals, headquartered in Montreal, has updated the inferred pit resource for the Pine Point zinc-lead deposit near Hay River. The estimate was prepared by BBA Inc.
The Pine Point pit constrained, inferred resource is 38.4 million tonnes grading 4.58% zinc and 1.85% lead (6.58% zinc equivalent). Contained metals total 3.9 billion lb. of zinc and 1.6 billion lb. of lead. The East Mill, Central and North zones contain the bulk of the metals, hosting 2.3 billion lb. of zinc and 900 million lb. of lead. The estimate incorporates 42 new pits and expansions of two historical pits.
Osisko divides the in pit resource at Pine Point into five geographic zones or deposits – West, North, Central, East Mill and N204. (Image: Osisko Metals)
Next year Osisko plans to test the brownfield mineral potential along the entire 65-km Pine Point trend. A new resource estimate is planned for the second half of the year with the aim of upgrading a significant portion of current resources to the indicated category.
Osisko Metals corporate presentation includes details of the Pine Point project. See it at www.OsiskoMetals.com.
