- Osisko Metals Inc. (OM) released initial drilling results from its Gaspé Copper project in Quebec
- Infill drilling at the Mount Copper deposit has shown a limited extent of oxidation and significant mineralization beyond the current Inferred mineral resource estimate
- 14 out of 16 holes drilled extended disseminated/stockwork copper-silver mineralization outside the current pit-constrained resource model
- Osisko Metals Inc. (OM) is up 3.23 per cent, trading at C$0.32 per share at 10:50 am ET
Osisko Metals (OM) released initial drilling results from its Gaspé Copper project in Quebec.
Infill drilling at the Mount Copper deposit has shown a limited extent of oxidation and significant mineralization beyond the current Inferred mineral resource estimate.
14 out of 16 holes drilled extended disseminated/stockwork copper-silver mineralization outside the current pit-constrained resource model.
Drill hole 30-0977 intersected 375.3 metres grading 0.20 per cent Cu and 1.31g/t Ag while Drill hole 30-0985 intersected 528.0 metres grading 0.26 per cent Cu and 1.72g/t Ag, including 46.5 metres grading 1.1 per cent Cu and 6.19g/t Ag.
The company’s CEO, Robert Wares stated that most of the reported results were from holes collared on top of Mount Copper, where historical drilling was relatively scarce.
“We can now confirm that this area is mineralized with limited oxide copper and that the potential for further expansion of the deposit appears to be significant as most of these holes ended in mineralization. With four drill rigs on site currently, I am excited to build upon what is already the largest undeveloped copper resource in Eastern North America.”
Osisko Metals is a Canadian exploration and development company.
Osisko Metals Inc. (OM) is up 3.23 per cent, trading at C$0.32 per share at 10:50 am ET.