Osisko Metals Incorporated (TSX: OM; OTCQX: OMZNF; FRANKFURT: 0B51) has released the first results from its 2026 drill program at the Gaspé Copper Project, situated in the Gaspé Peninsula of Eastern Québec. The company currently has five drills operating on the property, with two additional drills scheduled to begin work this month.
Key Drill Intercepts
The new analytical results include four mineralized intercepts from two drill holes. Notable highlights are:
- Drill hole 30-1196: 80.0 metres averaging 1.93% Cu (1.97% CuEq) – classified as in-pit expansion.
- Drill hole 30-1195: 76.5 metres averaging 0.35% Cu (0.42% CuEq) – also in-pit expansion.
For the 2026 program, infill intercepts are those located within the 2026 Mineral Resource Estimate (MRE) model, aimed at upgrading inferred resources to measured or indicated categories. Expansion intercepts fall outside the 2026 MRE model and are divided into in-pit expansion (converting waste to resources within the Whittle pit) and outside expansion (potential new resources beyond the pit). Some intercepts may include both infill and expansion components.
CEO Commentary
Robert Wares, Chief Executive Officer of Osisko Metals, stated: “The 2026 drill program is off to an excellent start with three new significant intersections reported from the Needle Mountain expansion area, all within modelled waste rock of the 2026 MRE Whittle pit volume. With the launch of the 2026 drill program, we believe that there is excellent potential for conversion of currently categorized in-pit waste rock to new mineralized zones in the direction of Needle Mountain.”
Detailed Results
Drill hole 30-1195 is a vertical hole at the northern extremity of the Needle Mountain expansion area. It intersected two mineralized intervals:
- The first interval, within the 2026 Whittle pit volume, returned 76.5 metres averaging 0.35% Cu, 0.020% Mo, and 2.54 g/t Ag at the C Zone skarn horizon, just outside historical underground workings.
- The second interval, below the Whittle pit volume, returned 64.5 metres averaging 0.57% Cu, 0.008% Mo, and 1.74 g/t Ag within porcellanites below the E Zone horizon, extending mineralization to a vertical depth of 630 metres.
Drill hole 30-1196 returned two expansion intercepts: 64.5 metres averaging 0.57% Cu (Expansion 1) and 80.0 metres averaging 1.93% Cu (Expansion 1), including a higher-grade section of 30.0 metres at 3.49% Cu.
Table 1: Infill and Expansion Drilling Results
The company provided a detailed table of results, with copper equivalent (CuEq) values calculated based on metal prices and recoveries. Maps showing hole locations are available on the Osisko Metals website.
Osisko Metals continues to advance the Gaspé Copper Project, focusing on resource expansion and conversion. The 2026 program aims to demonstrate the potential to transform in-pit waste rock into economic mineralization.
