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Osisko Intersects 738 Metres Averaging 0.31% Cu at Gaspé
Globenewswire· 2026-01-22 11:00
Core Insights - Osisko Metals Incorporated announced new drill results from the Gaspé Copper Project, indicating significant mineralization and potential resource upgrades [1][2]. Drill Results Summary - The recent drilling program included 29 mineralized intercepts from ten new drill holes, focusing on upgrading inferred mineral resources to measured or indicated categories and expanding resources outside the current model [2][21]. - Notable drill results include: - Drill hole 30-1155: 738.0 metres averaging 0.31% Cu (0.41% CuEq) [4][6]. - Drill hole 30-1156: 760.5 metres averaging 0.26% Cu (0.35% CuEq) [4][6]. - Drill hole 30-1151: 484.5 metres averaging 0.27% Cu (0.41% CuEq) [6][13]. Mineralization Characteristics - The mineralization at Gaspé Copper is of porphyry copper/skarn type, characterized by disseminations and stockworks of chalcopyrite, with notable occurrences of molybdenum [19][30]. - The drilling program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and explore deeper stratigraphic extensions [21][30]. Project Background - Osisko Metals acquired a 100% interest in the Gaspé Copper mine in July 2023, which is strategically located near existing infrastructure in Québec [30]. - The current Indicated Mineral Resources are estimated at 824 million tonnes averaging 0.34% CuEq, with Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [30].
Osisko Intersects 748 Metres Averaging 0.27% Cu at Gaspé
Globenewswire· 2026-01-15 11:00
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 Metals Announces C$15 Million "Bought Deal" Flow-Through Share Financing
Globenewswire· 2026-01-12 12:00
Core Viewpoint - Osisko Metals Incorporated has announced a bought deal private placement financing for 11,812,000 flow-through shares at a price of C$1.27 per share, aiming to raise gross proceeds of C$15,001,240 to fund Canadian exploration expenses related to its projects [1][2]. Group 1: Financing Details - The financing will involve the issuance of flow-through shares, which are designed to allow the company to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures [2]. - The offering is expected to close around February 3, 2026, pending approval from the Toronto Stock Exchange and other conditions [3]. - A cash commission of 5% of the gross proceeds will be paid to the underwriters for their services [4]. Group 2: Company Overview - Osisko Metals is focused on the critical metals sector, particularly copper and zinc, and has acquired a 100% interest in the Gaspé Copper mine, which is the largest undeveloped copper resource in eastern North America [6]. - The Gaspé Copper project has current indicated mineral resources of 824 million tonnes grading 0.34% CuEq and inferred mineral resources of 670 million tonnes grading 0.38% CuEq [6]. - The company is also advancing the Pine Point project, which has indicated mineral resources of 49.5 million tonnes at 5.52% ZnEq and inferred resources of 8.3 million tonnes at 5.64% ZnEq [7].
Osisko Metals Appoints COO
Globenewswire· 2026-01-05 21:01
Core Viewpoint - Osisko Metals Incorporated has appointed Jeff Hussey as Chief Operating Officer, effective immediately, to advance its Gaspé Copper Project [1][4]. Company Overview - Osisko Metals is a Canadian exploration and development company focused on critical metals, particularly copper and zinc [4]. - The company acquired a 100% interest in the Gaspé Copper mine from Glencore Canada Corporation in July 2023, which is located in Québec's Gaspé Peninsula [4]. - The Gaspé Copper mine hosts the largest undeveloped copper resource in eastern North America, with current Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [4]. Leadership Changes - Jeff Hussey has over 40 years of experience in the exploration and mining industries and has held various management positions within Osisko Metals, including CEO of Pine Point Mining Limited [2][3]. - He has resigned from the board of directors of Osisko Metals but will continue to support Pine Point Mining Limited while focusing on the Gaspé Copper project as COO [3]. Project Details - The Gaspé Copper project is currently focused on resource expansion and is undergoing economic evaluation, permitting, and startup phases [3]. - In addition to the Gaspé Copper project, Osisko Metals is advancing the Pine Point project, which has Indicated Mineral Resources of 49.5 million tonnes averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 million tonnes averaging 5.64% ZnEq [5].
Agnico Eagle Acquires 26M Osisko Metals Shares, Boosts Stake
ZACKS· 2025-12-17 17:31
Key Takeaways Agnico Eagle agreed to buy 26M Osisko Metals shares at C$0.48 in a non-brokered placement.AEM's holdings rise to 67.21M shares, equal to 9.85% non-diluted and 12.49% partially diluted ownership.AEM gains investor rights, including future financing participation and conditional board nomination. Agnico Eagle Mines Limited (AEM) has announced that it further strengthened its strategic equity interest in Osisko Metals Incorporated by acquiring 26 million common shares through a non-brokered priva ...
AGNICO EAGLE ANNOUNCES ADDITIONAL INVESTMENT IN OSISKO METALS INCORPORATED
Prnewswire· 2025-12-17 00:01
Core Viewpoint - Agnico Eagle Mines Limited has acquired 26 million common shares of Osisko Metals Incorporated for C$12.48 million as part of its strategy to secure strategic positions in high-potential geological opportunities [1][2]. Group 1: Acquisition Details - The acquisition was made at a price of C$0.48 per common share, totaling C$12,480,000 [1]. - Prior to the acquisition, Agnico Eagle owned 41,210,000 common shares and 20,605,000 warrants of Osisko, representing approximately 6.71% of the issued shares on a non-diluted basis and 9.73% on a partially-diluted basis [3]. - After the acquisition, Agnico Eagle's ownership increased to 67,210,000 common shares and 20,605,000 warrants, representing approximately 9.85% on a non-diluted basis and 12.49% on a partially-diluted basis [3]. Group 2: Strategic Intent - The acquisition aligns with Agnico Eagle's strategy of focusing on high-quality internal growth projects while complementing its pipeline with strategic equity investments [2]. - An amended investor rights agreement was established, granting Agnico Eagle rights to participate in future equity financings and the potential to nominate board members based on ownership thresholds [4]. Group 3: Future Considerations - Agnico Eagle may acquire additional shares or dispose of its holdings in Osisko depending on market conditions and strategic priorities [5].
Osisko Metals Announces $32.5 Million Private Placement with Strategic Investors
Globenewswire· 2025-12-03 11:00
Core Viewpoint - Osisko Metals Incorporated is set to complete a non-brokered private placement of approximately 67,666,666 common shares at an offering price of $0.48 per share, aiming for gross proceeds of about $32,480,000 to advance its Gaspé Copper project [1][4]. Group 1: Private Placement Details - The private placement will include subscriptions from strategic investors, with the size depending on contractual participation rights granted to Glencore Canada Corporation [2]. - Hudbay Minerals is expected to acquire 29,166,666 common shares, representing approximately 4.3% of the issued shares, while Agnico Eagle Mines is expected to own 87,815,000 shares, equating to about 12.5% ownership [3]. - The net proceeds from the private placement will be utilized for advancing the Gaspé Copper project, including drilling, permitting, and technical studies [4]. Group 2: Strategic Partnerships and Shareholder Support - The participation of Hudbay Minerals as a significant shareholder is viewed as a positive endorsement of the Gaspé Copper project's potential [3]. - An investor rights agreement will be established between the company and Hudbay, granting Hudbay certain rights, including top-up rights and future participation in offerings [3]. Group 3: Company Overview and Project Focus - Osisko Metals is focused on the critical metals sector, particularly copper and zinc, and has a 100% interest in the Gaspé Copper project, which is the largest undeveloped copper resource in eastern North America [6][8]. - The Gaspé Copper project has current indicated mineral resources of 824 million tonnes at a grade of 0.34% CuEq and inferred resources of 670 million tonnes at 0.38% CuEq [6]. - The company is also advancing the Pine Point project, which has indicated mineral resources of 49.5 million tonnes at 5.52% ZnEq [9].
Osisko Intersects 138 Metres Averaging 1.45% Cu in South Extension at Gaspé
Globenewswire· 2025-11-20 11:00
Core Insights - Osisko Metals has announced new drill results from the Gaspé Copper Project, confirming significant higher-grade mineralization, particularly in the southern extension, with drill hole 30-1136 returning 64.5 metres averaging 2.70% Cu [2][6] - The company is optimistic about the growth of the project and anticipates an updated Mineral Resource Estimate (MRE) in early 2026 [2][27] Drill Results Summary - Drill hole 30-1136 reported 284.5 metres averaging 0.41% Cu, including a high-grade interval of 64.5 metres averaging 2.70% Cu [6][12] - Drill hole 30-1120 showed 598.5 metres averaging 0.28% Cu, contributing to infill and expansion efforts [6][8] - Drill hole 30-1129 revealed 881.0 metres averaging 0.22% Cu, with significant mineralization extending to a vertical depth of 897.9 metres [6][9] - Drill hole 30-1133 indicated 550.5 metres averaging 0.28% Cu, confirming mineralization to a depth of 831 metres [6][10] - Drill hole 30-1134 demonstrated 309.0 metres averaging 0.17% Cu and a deeper intersection of 228.5 metres averaging 0.41% Cu [6][11] - Drill hole 30-1138 confirmed mineralization with 685.8 metres averaging 0.27% Cu [6][13] - Drill hole 30-1139 showed 873.0 metres averaging 0.23% Cu, confirming mineralization to a depth of 815 metres [6][14] - Drill hole 30-1140 reported five intersections of mineralization, including 105.0 metres averaging 0.43% Cu [6][15] Project Overview - The Gaspé Copper Project is characterized by porphyry copper/skarn type mineralization, with significant historical mining potential [16][27] - The current drill program aims to convert the November 2024 MRE to Measured and Indicated categories and explore deeper and lateral expansions of the mineralization [18][27] - Osisko Metals acquired a 100% interest in the Gaspé Copper mine in July 2023, which hosts the largest undeveloped copper resource in eastern North America [27][28]
Osisko Intersects 592 Metres Averaging 0.33% Cu at Gaspé
Globenewswire· 2025-10-29 10:00
Core Viewpoint - Osisko Metals has announced new drill results from the Gaspé Copper Project, confirming and expanding the resource model with significant copper and molybdenum mineralization, particularly in the southern extension of the deposit [1][2][29]. Summary by Category Drill Results - The latest drilling results include 33 mineralized intercepts from nine new drill holes, with infill intercepts aimed at upgrading inferred resources and expansion intercepts potentially leading to additional resources [5][8]. - Notable drill holes include: - **30-1107**: 592.0 metres averaging 0.33% Cu (0.46 CuEq) [9] - **30-1112**: 868.5 metres averaging 0.23% Cu (0.30 CuEq) [9] - **30-1114**: 142.1 metres averaging 0.39% Cu (0.47 CuEq) [9] - **30-1116**: 565.5 metres averaging 0.22% Cu (0.29 CuEq) [9] - **30-1119**: 46.4 metres averaging 1.10% Cu (1.25 CuEq) [9] Market Context - The copper spot price is nearing US$5/lb, silver at US$47/oz, and molybdenum over US$30/lb, indicating a favorable market environment for the project [2]. 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 towards Needle East and Needle Mountain [21][29]. - 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 and Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [29][30]. Geological Insights - Mineralization at Gaspé Copper is characterized as porphyry copper/skarn type, with significant stockwork mineralization and high molybdenum grades observed in certain zones [18][19].
Sean Roosen and John Burzynski Join Falco as Special Advisors
Globenewswire· 2025-09-24 12:30
Core Insights - Falco Resources Ltd. has appointed Mr. Sean Roosen and Mr. John Burzynski as Special Advisors to enhance marketing, financing, and project development strategies for the Horne 5 Project [1][6] Company Overview - Falco Resources is a significant mineral claim holder in Quebec, with rights to approximately 67,000 hectares in the Noranda Mining Camp, representing 67% of the camp [7] - The Horne 5 Project is a world-class deposit with an estimated annual production of approximately 220,000 oz Au (330,000 AuEq) over a 15-year mine life [2] - The project is expected to produce 247 million pounds of copper and 1,190 million pounds of zinc, making Falco one of the largest producers of these metals in Quebec [2] Leadership Background - Mr. Sean Roosen and Mr. John Burzynski have extensive experience in the mining industry, having been involved in the successful development and financing of the Canadian Malartic mine, which produced over 500,000 oz Au annually [3][4] - Mr. Roosen has over 44 years of experience and has been recognized for his contributions to the mining industry, including being named "best CEO in North America" by Mines and Money Americas [4] - Mr. Burzynski has over 35 years of experience and was instrumental in the discovery and sale of the Windfall Gold project for $2.2 billion [5] Project Potential - The Horne 5 Project has significant exploration upside with rights to over 67,000 hectares of land, which includes 13 former gold and base metal mining sites [7] - The project is located beneath the former Horne mine, which historically produced 11.6 million ounces of gold and 2.5 billion pounds of copper [7]