Osisko Metals Boosts Gaspé Copper Resources by 119%
Event summary
- Osisko Metals reports a 119% increase in Measured and Indicated copper resources at Gaspé Copper, totaling 1.83 billion tonnes at 0.27% Cu.
- Inferred resources add 0.24 billion tonnes at 0.41% Cu, potentially expanding the deposit further.
- 2026 drill programs will target resource conversion and expansion, with 50,000 meters planned for May.
- Gaspé Copper now holds 10.8 billion pounds of contained copper, making it one of North America's largest undeveloped copper-molybdenum deposits.
The big picture
Osisko Metals' significant resource upgrade at Gaspé Copper positions the project as a potential cornerstone of Québec's critical mineral strategy. The deposit's scale and location in a mining-friendly jurisdiction align with growing demand for copper in global decarbonization efforts. The upcoming drill programs will be critical in determining the project's long-term economic potential and its role in North America's copper supply chain.
What we're watching
- Resource Conversion
- Whether the 2026 drill program can successfully upgrade inferred resources to indicated categories, enhancing economic viability.
- Deposit Expansion
- The pace at which drilling extends the mineralized system towards Needle Mountain and Porphyry Mountain, potentially unlocking additional high-grade zones.
- Economic Viability
- How the updated resource estimate influences future economic evaluations and the path to production decisions.
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