Osisko Metals Expands Gaspé Copper Resource with High-Grade…

Event summary

Osisko Metals reported new drill results from its Gaspé Copper Project, including a 211.5-meter intercept averaging 0.59% Cu and an 86.5-meter intercept averaging 1.36% Cu.
High-grade intercepts were found in holes 30-1236 and 30-1243, located 500 to 600 meters west of the 2026 Mineral Resource Estimate (MRE) model.
The results include both infill drilling to upgrade existing resources and expansion drilling to potentially increase the resource base.
The drill program is focused on converting Inferred Mineral Resources to Measured or Indicated categories and testing lateral expansions.

The big picture

Osisko Metals' latest drill results at the Gaspé Copper Project highlight the potential for significant resource expansion, which could enhance the project's economic prospects. The findings are strategically important as they aim to upgrade existing resources and explore new areas, aligning with broader industry trends of resource optimization and exploration in established mining regions. The project's location in Québec, a mining-friendly province with existing infrastructure, further supports its development potential.

What we're watching

Resource Expansion: Whether the high-grade intercepts will lead to a significant increase in the mineral resource estimate and support a westerly pit expansion.
Grade Improvement: How the grade improvement around Needle Mountain will impact the economic viability of the project.
Drill Program Success: The pace at which Osisko Metals can convert Inferred Mineral Resources to Measured or Indicated categories and identify new resources.