Osisko Intersects 694 Metres Averaging 0.31% Cu at Gaspe
Osisko Metals expands Gaspé footprint as high-grade intercepts confirm southern extension and deep porphyry potential
The most recent news (February 25, 2026) reports significant drill results from the Gaspé Copper Project. Key highlights include hole 30-1177, which intersected 315 metres averaging 0.42% Cu, including a high-grade core of 51 metres at 1.24% Cu. Crucially, hole 30-0888, located 625 metres south of the 2024 Mineral Resource Estimate (MRE) model, returned 92.9 metres at 0.35% Cu. This confirms that the mineralization is "wide open" to the south and southwest, well beyond the current resource boundaries.
The impact is Material - Positive. - Resource Expansion: The results from February 2026 and February 5, 2026 (Deep Porphyry Exploration Project - DPEX) demonstrate that the Gaspé project is significantly larger than the November 2024 MRE suggested. Finding 0.35% Cu over 600m away from the known resource is a major step toward a substantial tonnage increase. - Grade Confirmation: Intersecting 1.24% Cu over 51 metres provides the "sweetener" needed for a project that is primarily a large-tonnage, lower-grade porphyry. - Strategic Validation: These results follow the C$15 million financing closed on February 4, 2026, which included heavyweights Agnico Eagle and Hudbay Minerals. The technical success validates the recent capital injection at C$1.27 per flow-through share (a significant premium to the current market price).
Osisko Metals is focused on the Gaspé Copper Project in Quebec, acquired from Glencore in 2023. It is a past-producing mine (porphyry/skarn) with a current Indicated resource of 824 Mt @ 0.34% CuEq and Inferred resource of 670 Mt @ 0.38% CuEq. The company also holds a 40% interest in the Pine Point Zinc Project (JV with Appian), which is one of Canada's largest past-producing zinc camps.