Osisko Metals Expands Gaspé Copper Deposit with High-Grade Intercepts

Event summary

  • Osisko Metals intersected 694 metres averaging 0.31% Cu at its Gaspé Copper Project, including a high-grade zone of 51 metres averaging 1.24% Cu.
  • Re-assaying of historic drill core revealed additional positive results, with one hole showing 92.9 metres averaging 0.35% Cu.
  • The company expects to release an updated Mineral Resource Estimate (MRE) for Gaspé Copper towards the end of March 2026.
  • The current drill program aims to convert inferred resources to measured and indicated categories and test the expansion of the deposit.

The big picture

Osisko Metals' latest drill results at the Gaspé Copper Project demonstrate the potential for significant resource expansion, which could enhance the project's attractiveness to investors and partners. The project's strategic location in Québec, coupled with positive drill results, positions it as a key player in the critical metals sector. The company's focus on converting inferred resources and testing the deposit's expansion reflects its commitment to advancing the project towards a construction decision.

What we're watching

Resource Expansion
Whether the updated MRE will significantly increase the resource base and improve the project's economic viability.
High-Grade Potential
How the high-grade intercepts will impact the overall grade and quality of the mineral resource.
Execution Risk
The pace at which Osisko Metals can convert inferred resources to measured and indicated categories and advance the project towards production.

Related topics

Mining Copper