Osisko Metals Announces Promising Copper Drill Results from Gaspé Project in Eastern Québec
Osisko Metals Incorporated, a Canadian mining exploration company, has released new analytical results from its Gaspé Copper Project located in the Gaspé Peninsula of Eastern Québec. The company, trading under symbols TSX: OM, OTCQX: OMZNF, and FRANKFURT: 0B51, reported significant mineralized intercepts from ten new drill holes, with highlights including a remarkable 738.0-meter section averaging 0.31% copper.
Detailed Drill Results Show Substantial Mineralization
The latest drilling campaign has yielded 29 mineralized intercepts that fall into two primary categories: infill drilling and expansion drilling. Infill intercepts are situated within the boundaries of the 2024 Mineral Resource Estimate (MRE) model and aim to upgrade inferred mineral resources to measured or indicated classifications. Expansion intercepts extend beyond the existing MRE model and could potentially contribute to additional resources in future updates.
Several drill holes exhibited both infill and expansion characteristics, noted as "Both" in the company's reporting. These comprehensive results demonstrate the continuity and depth of mineralization at the Gaspé Copper Project.
Notable Drill Hole Highlights
The most impressive results from the recent drilling include:
- Drill hole 30-1155: 738.0 meters averaging 0.31% Cu (0.41% CuEq – infill and expansion)
- Drill hole 30-1156: 760.5 meters averaging 0.26% Cu (0.35% CuEq – infill and expansion)
- Drill hole 30-1154: 726.0 meters averaging 0.21% Cu (0.31% CuEq – infill and expansion)
- Drill hole 30-1148: 613.5 meters averaging 0.22% Cu (0.32% CuEq – infill and expansion)
- Drill hole 30-1151: 484.5 meters averaging 0.27% Cu (0.41% CuEq – infill and expansion)
Additional significant intercepts ranged from 228.0 to 395.0 meters in length, with copper grades between 0.21% and 0.26%. These results indicate substantial mineralized zones that could enhance the project's overall resource potential.
Specific Drill Hole Analysis
Drill hole 30-1147, positioned at the base of the western flank of Copper Mountain, intersected five mineralized intervals. These included 162.7 meters averaging 0.17% copper and 1.08 g/t silver (infill), followed by 54.0 meters averaging 0.13% copper and 1.71 g/t silver (infill). The hole then cut through 246.0 meters averaging 0.18% copper, 1.03 g/t silver, and 0.013% molybdenum (infill and expansion). Two expansion intervals extended mineralization to a vertical depth of 946 meters.
Drill hole 30-1148, located on the western flank of Copper Mountain near the center of the 2024 MRE model, intersected two mineralized zones. The first was 169.0 meters averaging 0.17% copper and 1.52 g/t silver (infill), followed by 613.5 meters averaging 0.22% copper, 1.48 g/t silver, and 0.027% molybdenum (infill and expansion). This drilling extended mineralization to a vertical depth of 958 meters in this area.
Strategic Implications for Resource Development
The new drill results from the Gaspé Copper Project represent a significant step forward in Osisko Metals' exploration efforts. The combination of infill and expansion drilling provides valuable data for potentially upgrading existing resources and identifying new mineralized zones. The substantial intercept lengths and consistent copper grades suggest robust mineralization that could support future mining operations.
As the company continues its exploration program, these results will inform the next Mineral Resource Estimate update, potentially increasing the project's overall resource classification and economic viability. The Gaspé Copper Project continues to demonstrate its potential as a significant copper asset in Eastern Québec's mining landscape.
