Osisko Metals Says Latest Gaspe Copper Drill Results Point to Extended Mineralization
MT newswire2026/10/07 18:0502:05 PM EDT, 10/07/2026 (MT Newswires) -- Osisko Metals (OM.TO) said on Wednesday that the latest results from the Gaspe Copper project drill campaign in Quebec provided evidence of porphyry-hosted mineralization south of the main pit area, distinct from the two historically known porphyries in the main pit area. The company said drillhole 30-1258 intersected 121 meters averaging 0.71% copper and was hosted in a previously unknown porphyry intrusion. Assay results from other drillholes, include 94.4 meters averaging 1.47% copper, including 5.3 meters averaging 8.31% copper and 51.0 grams per tonne (g/t) silver and 185.5 meters averaging 0.41% copper at infill hole 30-1251. "This new set of holes includes excellent results from infill drilling within the 2026 MRE [mineral resource estimate] model, particularly from holes 30-1251 and 30-1258. Hole 30-1251 intersected impressive high-grade mineralization in porcellanite above the historic E Zone underground workings, returning 94.4 meters averaging 1.47% Cu," said Osisko Chief Executive Officer Robert Wares. Osisko Metals shares were last seen down CA$0.02 at CA$1.71 on the Toronto Stock Exchange. Price: 1.72, Change: -0.01, Percent Change: -0.58
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