Core Insights - Osisko Metals has announced new drill results from the Gaspé Copper Project, highlighting significant mineralization and potential resource expansion [1][2]. Summary by Category Drill Results - The recent drilling program included 35 mineralized intercepts from ten new drill holes, focusing on upgrading inferred mineral resources to measured or indicated categories [2]. - Drill hole 30-1143 (Southern Extension) reported 163.5 metres averaging 0.47% Cu and 3.41 g/t Ag, confirming higher grades in this zone [16]. - Drill hole 30-1142 showed 585.0 metres averaging 0.24% Cu and 245.0 metres averaging 0.55% Cu, indicating significant mineralization depth [15]. - Drill hole 30-1144 reported 748.0 metres averaging 0.27% Cu, extending mineralization to a vertical depth of 895 metres [17]. Mineral Resource Expansion - The current drill program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and test for deeper and lateral expansions [22]. - The Gaspé Copper Project hosts the largest undeveloped copper resource in eastern North America, with current Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq [29]. Geological Context - Mineralization at Gaspé Copper is characterized as porphyry copper/skarn type, with significant occurrences of chalcopyrite, pyrite, and molybdenite [20]. - The drilling strategy involves targeting altered calcareous stratigraphy, intersecting skarn/marble horizons that host the bulk of the disseminated copper mineralization [23]. Future Outlook - The next scheduled MRE update is anticipated in Q1 2026, incorporating new mineralized intersections below the previously defined resource limits [22].
Osisko Intersects 748 Metres Averaging 0.27% Cu at Gaspé