Northwire Canada EditionTuesday, November 3, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0% Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0%
Drill Results Routine +

Osisko Intersects 80 Metres Averaging 1.93% Cu at Gaspe

Osisko Metals reports high-grade copper intersections from expansion drilling at its Gaspé project, confirming the trajectory for resource growth.

By The Northwire Desk — AI Analysis Jun 09, 2026 · 06:00 OM · 1.55 Osisko Metals Incorporated
Executive Summary
  • Osisko Metals released initial results from its 2026 drill program at the Gaspé Copper Project in Eastern Québec, reporting four new mineralized intercepts across two drill holes.
  • The program targets in-pit and out-of-pit expansion areas, specifically focusing on converting inferred resources to measured/indicated categories and testing lateral expansion toward Needle Mountain and Needle East.
  • Five drills are currently active on the property, with two additional rigs commencing work to support the company's resource expansion and pit-constrained resource growth strategy.
  • Key intercepts include 80.0m @ 1.93% Cu (1.97% CuEq) within the 2026 MRE Whittle pit volume, including a high-grade sub-interval of 30.0m @ 3.49% Cu. Another hole reported 76.5m @ 0.35% Cu within the pit volume and a deeper 61.5m @ 0.27% Cu extending mineralization to 630m vertical depth.
  • The results build upon the April 2026 Mineral Resource Estimate (MRE) which reported 1.83 billion tonnes of Measured & Indicated resources grading 0.32% CuEq.
  • The Deep Porphyry Exploration Project (DPEX) is also underway to test depths of the Porphyry Mountain deposit, with a maiden Inferred MRE targeted for year-end 2026.
Material Impact
  • The June 9, 2026 release represents the execution phase of the previously announced 2026 exploration program. The market was already aware of the planned 50,000-metre drill program following the April 2026 MRE update and the May 2026 NI 43-101 technical report filing.
  • The reported intercepts are consistent with the company's stated objectives of upgrading inferred resources and testing lateral/depth extensions. The high-grade sub-interval (30m @ 3.49% Cu) is encouraging but remains within the expected geological model.
  • This is an incremental, expected update that validates the ongoing exploration strategy rather than introducing a paradigm shift. It does not materially alter the April MRE framework or the company's near-term capital requirements.
  • The news is routine in nature, serving as a progress report on a multi-year drilling campaign. It reinforces management's execution capability but lacks the surprise element required for a material re-rating.
OM · Price
Company Overview
  • Osisko Metals Inc. is a Canadian exploration and development company focused on critical minerals.
  • Flagship asset: Gaspé Copper Project, located on the Gaspé Peninsula in Eastern Québec, adjacent to Murdochville.
  • The project features a large, undeveloped copper-molybdenum-silver deposit with extensive infrastructure access, including paved highways, port facilities at Sainte-Anne-des-Monts, and Hydro-Québec electrical substation proximity.
  • The company is transitioning from pure exploration to resource definition and economic evaluation, targeting a feasibility study in early 2028.
Read the original news release →

More from Osisko Metals Incorporated

Oct 07, 2026 · 06:00

Osisko’s high-grade Gaspé infill drilling confirms the pit model and identifies the deep porphyry as a free option.

Drill Results Sep 28, 2026 · 06:00

Osisko’s Gaspé Westward drill holes confirm the deposit’s scale, though grades and lengths trail the September anchor intercepts.

Drill Results Sep 21, 2026 · 08:00

Osisko raised C$250 million through special warrants following overwhelming investor demand for its mining operations.

Financings Sep 16, 2026 · 18:17

Osisko secures C$100 million in spin-out financing for its critical minerals portfolio in New Brunswick.

Financings Sep 15, 2026 · 16:30

Osisko spun out its New Brunswick assets to concentrate on the Gaspé Copper project.

M&A / Property Sep 10, 2026 · 06:00

Osisko’s 256.5m at 0.85% Cu step-out west of Gaspé strengthens the grade-growth case pending confirmation from one additional drill hole.

Drill Results