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Drills at Gaspé Site by Osisko Metals Yield 731 meters with an average of 0.29% Copper content

Osisko Metals Inc., identified as Company or Osisko Metals, has announced fresh drill results hailing from the Gaspe Copper Project, situated in the Gaspe Peninsula, Eastern Quebec. Remarking on the matter, Osisko Metals' CEO Robert Wares stated: "..."

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Drilled 731 meters with an average of 0.29% copper at the Gaspé region, as reported by Osisko...
Drilled 731 meters with an average of 0.29% copper at the Gaspé region, as reported by Osisko Metals.

Osisko Metals Announces Promising Results from Gaspé Copper Project

Drills at Gaspé Site by Osisko Metals Yield 731 meters with an average of 0.29% Copper content

Osisko Metals Incorporated has unveiled new drill results from its Gaspé Copper Project, showcasing continued progress and significant discoveries. The project, located in Eastern Québec, is one of the largest undeveloped copper deposits in the region.

Recent Drill Results

The latest findings include a series of mineralized intercepts from seven new drill holes. Notable among these is drill hole 30-1092, which averaged 331.5 metres with a copper grade of 0.37%. Other impressive results include:

  • Drill hole 30-1099: 614.7 metres at 0.23% copper
  • Drill hole 30-1096: 730.7 metres at 0.29% copper
  • Drill hole 30-1098: 115.0 metres at 0.29% copper and 124.5 metres at 0.20% copper
  • Drill hole 30-1085: 219.0 metres at 0.41% copper and 754.5 metres at 0.24% copper
  • Drill hole 30-0872: 92.1 metres at 0.24% copper and 47.2 metres at 1.14% copper

The new data expands the deposit further south and at depth, setting the stage for additional drilling in the coming months.

Planned Expansion Targets

The focus of the current expansion is on expanding the deposit further south over a surface area of 450 metres by 550 metres. This expansion is aimed at adding significant new tonnage to the Mineral Resource Estimate (MRE), with an update expected in Q1 2026. A minimum of 110,000 metres of drilling is scheduled for 2025, aimed at enhancing the project's resource base.

Project Timeline

The Gaspé Copper Project is on track with a seven-year timeline from the initial acquisition to potential production start-up. Key milestones include:

  1. Acquisition and initial drilling phases (2022-2024)
  2. Ongoing 110,000-metre drill program (2025)
  3. Updated MRE and Preliminary Economic Assessment (PEA) (2026)
  4. Feasibility Study (FS) (2027)
  5. Project financing, construction, and planned start of production (2029-2032)

Quality Assurance and Quality Control

Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation, and analyses. This includes the insertion of blanks and standards in the sample stream. All samples are analyzed by four-acid digestion followed by both ICP-AES and ICP-MS for copper, molybdenum, and silver. Samples selected for assay are sealed and shipped to ALS Canada Ltd.'s preparation facility in Sudbury.

Moving Forward

The Gaspé Copper Project is progressing well with promising drill results and an ambitious expansion plan. With these latest findings, the project positions itself as a significant copper development project in North America.

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