Outstanding Drill Results at Gaspé Copper Project
Osisko Metals Incorporated (the “Company” or "Osisko Metals") (TSX: OM; OTCQX: OMZNF; Frankfurt: 0B51) is excited to announce remarkable drilling outcomes from the Gaspé Copper Project located within the Gaspé Peninsula.
Recent Findings
The latest analytical data reveals incredible mineralized intercepts, showcasing 35 intercepts from ten new drill holes. These intercepts are designed to enhance the existing mineral resource estimates (MRE) for 2024. The infill drilling aims to upgrade inferred resources, transforming them into measured or indicated categories. Meanwhile, the expansion drilling, which lies outside the 2024 MRE model, paves the way for identifying additional resources in future updates.
Highlights of the Drill Results
Key outcomes from the drilling include:
- Drill hole 30-1128: 330.6 metres at 0.46% Cu (0.49% CuEq)
- Drill hole 30-1115: 33.0 metres at 1.28% Cu (1.36% CuEq)
- Drill hole 30-1117: 779.0 metres at 0.26% Cu (0.34% CuEq)
- Drill hole 30-1118: 555.9 metres at 0.20% Cu (0.26% CuEq)
- Drill hole 30-1123: Multiple intersections totaling over 500 metres with substantial copper grades.
Details of the Drilling
Drill hole 30-1115, situated along the eastern edge of the 2024 MRE model, uncovered a significant mineralization depth of up to 499 metres, including notable grades of 1.28 % Cu over a span of 33.0 metres. It also connected to a higher-grade section above the E Zone skarn horizon.
Drill hole 30-1117 encountered three mineralized sections, revealing a long interval of 779.0 metres with an average of 0.26 % Cu, extending to a remarkable vertical depth of 991 metres. This strengthens the resource assessment for this region.
Looking at Drill hole 30-1126, which found numerous intersections across varying depths, the results signify an expansive area of mineralized zones. The drilling strategy focused on enhancing both existing estimates and capturing new trends within the Copper Mountain area.
Future Steps at Gaspé
With the positive results indicating a substantial growth potential, Osisko Metals is committed to further exploring the Gaspé Copper Project, aiming to deepen and extend its mineral resource estimates. The drill program aims to transition existing resources to the Measured and Indicated categories while assessing further expansions. Ongoing efforts are expected to strengthen the Gaspé Copper’s profile as one of North America’s most promising undeveloped copper resources.
About Osisko Metals
Osisko Metals is a Canadian firm dedicated to advancing exploration in the critical metals sector, with a focus on copper and zinc. Since acquiring full ownership of the Gaspé Copper mine in 2023, Osisko Metals has redirected efforts toward optimizing and enhancing the project's viability.
Frequently Asked Questions
1. What were the results of the latest drilling at Gaspé?
The latest drilling revealed impressive results including 330.6 metres averaging 0.46% Cu in drill hole 30-1128.
2. What is the main focus of Osisko Metals?
Osisko Metals aims to advance exploration and development in the critical metals sector, particularly in copper and zinc.
3. Where is the Gaspé Copper Project located?
The Gaspé Copper Project is located in Canada, specifically within the Gaspé Peninsula region.
4. How does the recent drilling impact future resource estimates?
The recent drilling is designed to enhance existing resource estimates and identify additional resources for future MRE updates.
5. What should investors expect from Osisko Metals moving forward?
Investors can anticipate continued exploration efforts aimed at maximizing resource estimates and optimizing the Gaspé Copper Project.
