Osisko Metals Incorporated has unveiled promising new drill results from its Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec, highlighting substantial copper mineralization with intercepts reaching up to 694 meters averaging 0.31% copper. The findings, announced on February 25, 2026, include data from both new drilling and re-assayed historic core, underscoring the project's potential for resource expansion and grade improvement.
Key Drill Intercepts and Southern Extension Success
The company reported that drill hole 30-1168 intersected 694.0 meters averaging 0.31% Cu, equivalent to 0.38% CuEq, combining infill and expansion drilling. Notably, the Southern Extension area demonstrated robust mineralization, with drill hole 30-1177, situated 150 meters south of the 2024 Mineral Resource Estimate (MRE) model limit, returning 315.0 meters averaging 0.42% Cu, including a high-grade zone of 51.0 meters averaging 1.24% Cu and 14.5 g/t silver. This indicates the deposit remains open to the south, with additional potential for resource growth.
Historic Core Re-analysis Yields Positive Results
Re-assaying of historical Noranda drill holes further south revealed encouraging outcomes. Drill hole 30-0888, located 625 meters south of the 2024 MRE model, produced 92.9 meters averaging 0.35% Cu from surface, while hole 30-0874 yielded 59.8 meters averaging 0.28% Cu. These results contribute to the expanding footprint of the Gaspé Copper Project and support ongoing efforts to update the MRE, expected by the end of March.
CEO Comments and Project Outlook
Robert Wares, Chief Executive Officer of Osisko Metals, emphasized the significance of these findings, stating, "These new results include three holes for the Southern Extension, again demonstrating that the deposit is wide open to the south. We look forward to the updated MRE on Gaspé Copper due to be released towards the end of March." The company's drilling program aims to upgrade inferred mineral resources to measured or indicated categories and identify new resources through expansion intercepts outside the current model.
Additional Notable Intercepts
Other significant drill results include:
- Drill hole 30-1167: 816.5 meters averaging 0.24% Cu (0.34% CuEq)
- Drill hole 30-1171: 756.5 meters averaging 0.27% Cu (0.35% CuEq)
- Drill hole 30-1162: 705.3 meters averaging 0.25% Cu (0.33% CuEq)
- Drill hole 30-1174: 690.0 meters averaging 0.24% Cu (0.35% CuEq)
- Drill hole 30-1166: 643.5 meters averaging 0.25% Cu (0.35% CuEq)
- Drill hole 30-1179: 574.5 meters averaging 0.37% Cu (0.47% CuEq)
These intercepts, detailed in Table 1 provided by the company, represent a mix of infill drilling within the 2024 MRE model and expansion drilling outside it, with some holes featuring both types. The data is based on 53 mineralized intercepts from 19 new and 2 re-assayed drill holes, showcasing the project's extensive mineralization.
Implications for Copper Mining in Québec
The Gaspé Copper Project continues to position itself as a key asset in Québec's mining sector, with these results reinforcing its potential for economic copper extraction. As global demand for copper rises, driven by renewable energy and electrification trends, projects like Gaspé are critical for securing domestic supply chains. The upcoming MRE update will provide further insights into the project's resource base and development timeline.
