Osisko Metals Incorporated announces new drill results from the Gaspé Copper Project in Eastern Québec. CEO Robert Wares expressed confidence in significant higher-grade mineralization, with notable results like 64.5 meters averaging 2.70% Cu in drill hole 30-1136. The new analytical results from eight drill holes aim to upgrade inferred mineral resources in the project.
The drill results include various mineralized intercepts from different drill holes, such as in drill hole 30-1120 with 598.5 meters averaging 0.28% Cu. These results contribute to extending mineralization in the area to various depths, such as 1140 meters in drill hole 30-1120. The mineralization at Gaspé Copper is of a porphyry copper/skarn type, with multiple vein/stockwork mineralizing events.
Osisko Metals aims to convert the previous Mineral Resource Estimate (MRE) into Measured and Indicated categories with the current drill program. The company also plans to test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest. The drill holes are sub-vertically drilled into the altered calcareous stratigraphy, intersecting key skarn/marble horizons.
The company’s focus on the Gaspé Copper project aims to create value in the critical metals sector, primarily copper and zinc. Osisko Metals also works with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance the Pine Point project, one of Canada’s largest past-producing zinc mining camps. The current mineral resource estimate for the Pine Point project consists of significant zinc-equivalent resources.
Forward-looking information in the news release outlines the company’s expectations, projections, and plans for future developments related to tax treatment, resource expansion, and advancing various projects. Osisko Metals adheres to a strict QA/QC program for core handling, sampling, and analysis to ensure accurate reporting of mineralized intervals. The company’s projects hold significant potential in the mining-friendly province of Québec and the Northwest Territories.
Read more at GlobeNewswire: Osisko Intersects 138 Metres Averaging 1.45% Cu in South