Osisko Metals Incorporated (TSX-V: OM; OTCQX: OMZNF; Frankfurt: 0B51) delivered compelling drill results today, highlighting substantial copper mineralization at its Gaspé Copper Project in Québec, propelling shares higher by 3.80% to CAD 0.4100 in morning trading.
The standout drill hole, 30-1065, intersected a remarkable 323-metre interval grading 0.43% copper and 3.18 grams per tonne silver, including a higher-grade section of 13.3 metres averaging 2.50% copper and 17.8 grams per tonne silver. This result underscores Gaspé's potential as a significant copper resource with substantial high-grade zones enhancing its economic viability.
Moreover, drill hole 30-1067 significantly expanded the known mineralization footprint, intersecting 136.8 metres averaging 0.32% copper from surface, situated 215 metres south of the previously established Mineral Resource Estimate (MRE). This intercept indicates substantial open-ended growth potential towards the south, hinting at further upside for resource expansion through ongoing exploration.
CEO Robert Wares commented optimistically, stating: “These new drilling results further confirm our geological model, extending mineralization depth and demonstrating considerable southern expansion potential.” This adds crucial depth to the existing resource, as new mineralized intervals were found beneath the known C Zone skarn horizon, significantly extending the vertical scope of mineralization.
Investors welcomed today's news, lifting Osisko's market capitalization to approximately CAD 249.92 million, reflecting positive sentiment around the potential for resource growth. With shares trading well within a 52-week range of CAD 0.1600 to CAD 0.5500, Osisko continues to showcase resilience, driven by favorable exploration outcomes.
Strategically positioned near existing mining infrastructure in the mining-friendly jurisdiction of Québec, Gaspé Copper is recognized as Eastern North America's largest undeveloped copper resource. Beyond Gaspé, Osisko Metals also maintains its robust presence in critical minerals through its involvement in the Pine Point zinc project in Canada's Northwest Territories.
Today's results set the stage for further resource definition and upgrades expected in early 2026. With drilling set to continue aggressively, investors and stakeholders will closely monitor Osisko Metals as it aims to unlock significant additional value from its flagship projects.
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