Osisko hits 4.7% copper beneath Gaspé workings
The company expanded the Gaspé Copper mine's footprint, indicating potential for higher-grade minerals near old workings.
Osisko Metals (TSX: OM; US-OTC: OMZNF) has discovered copper-rich mineralization 4.7% copper at its Gaspé Copper project, situated in eastern Quebec, Canada. The new findings from hole 30-1228 extend the mine's footprint to a depth of 275 metres and provide a glimpse of higher-grade mineralization within the Gaspé Peninsula, a historic mining area.
The impressive hole 30-1228 revealed a 28.5-metre section with 4.74% copper and 27.4 grams silver per tonne, indicating potential for future growth in copper production. The company aims to rebuild the mineral resource through drilling, targeting an eventual production capacity of up to 160,000 tonnes per day, positioning Gaspé among Canada's largest operations.
Osisko's latest results of 28 mineralized intercepts from 12 holes continue a series of strong drilling outcomes this year. The positive drilling trend is expected to support the conversion of inferred resources into measured and indicated categories, as well as expand mineralization beyond the current resource model.
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