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Osisko Metals Incorporated

Publié le 25 mars 2014

Bowmore Starts Drill Program at La Scie

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Mots clés associés :   Canada | G Mexico |

Bowmore Starts Drill Program at La Scie

MONTREAL, QUEBEC--(Marketwired - Mar 25, 2014) - Bowmore Explorations Ltd. (the "Company" or "Bowmore") (TSX VENTURE:BOW)(0B5.F) is pleased to announce that it has obtained all necessary permits and licenses for its Phase One drill program on the La Scie Gold property, located on the eastern extremity of the Baie Verte peninsula in Newfoundland. The objective of the Phase One 1,500 metre diamond drill program will be to 1) test the three gold zones (Burton, Isaiah, and Jonah) that have thus far been identified on the property (see news release dated November 26, 2013), 2) test the broad zone of high purity silica averaging 99.4% SiO2 following the summer-fall 2013 regional rock sampling program (see news release dated January 16, 2014). The high purity silica zone is part of an E-W trending, 2,500 metre-long silicified zone and is exposed on surface with a minimum length of 290 metres by 3.5 to 15 metres in apparent width.

Further to the discovery of the high purity silica zone, the Company conducted detailed analytical tests to determine impurity levels within the silica. Trace element analyses were performed on the seven grab samples taken from this zone, producing excellent results as follows:

SILICA IMPURITY LEVELS

Analysis Fe
%
Ca
%
Ti
%
P
ppm
B
ppm
Max 0.05 0.02 0.001 0.001 10
Min 0.001

Mr. Paul Dumas, President and CEO of Bowmore Exploration Ltd., stated: "We are very pleased to see the drill program at our La Scie Gold property underway. We have three excellent gold targets to drill as well as the high grade silica zone which has returned exceptional values to date. All of these targets present great potential for the discovery of a significant deposit of either gold or high-purity silica, a valuable industrial mineral."

Samples reported above were sent for analysis at ALS Minerals laboratory in Vancouver, BC. (accreditation ISO 9001:2008 and ISO 17025) by using a 0.5g subsample from the pulps of the previous samples, crushed and pulverized to 70 microns by tungsten pulverizer. The samples were digested with aqua regia and analyzed by ICP-AES and ICP-MS methods (inductively couples plasma-atomic emission spectrometry). For QaQc protocols, ALS Minerals inserted one duplicate, one blank and 2 standard to compare and ensure accuracy of the results.

Jean-Marie Pronovost, P. Geo., Chief Geologist for Bowmore, is the Qualified Person who has reviewed this news release and is responsible for the technical information reported herein.

About BOWMORE

BOWMORE is a Canadian exploration mining company focused on precious metal exploration in Canada and Mexico. For further information on BOWMORE, visit www.bowmorexploration.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements:

Except for statements of historical facts, all statements in this news release regarding, without limitation, the Financing and future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions actual results and future events could differ materially from those anticipated in such statements. Factors that may cause the actual results to differ materially from those in forward-looking statements include the ability of GRIT to complete its stock exchange listing, the ability of the Company to resell the GRIT Shares, precious metal prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, continued availability of capital and financing and general economic, market or business conditions. The Company cautions the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Company's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. Please see the public filings of the Company at www.sedar.com.

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Osisko Metals Incorporated

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Osisko Metals est une société d’exploration minière basée au Canada.

Osisko Metals est cotée au Canada. Sa capitalisation boursière aujourd'hui est 14,6 millions CA$ (10,7 millions US$, 10,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 01 septembre 2017 à 1,74 CA$, et son plus bas niveau récent le 26 avril 2024 à 0,17 CA$.

Osisko Metals possède 88 570 000 actions en circulation.

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