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Osisko Metals Intersects 731 Metres Averaging 0.29% Cu at Gaspé
MONTREAL, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the 'Company or "Osisko Metals") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec. Osisko Metals Chief Executive Officer Robert Wares commented: 'Drill results at Gaspé Copper continue to exceed expectations. These new data expand the deposit further south and at depth with drill holes 30-1092 and 30-872, located respectively 230 metres and 440 metres south of the 2024 Mineral Resource Estimate ('MRE') model. Additional holes are planned in this resource expansion target area in the coming months over a surface of 450 metres by 550 metres, which we believe will add significant new tonnage to the MRE update, planned for Q1 2026.'New analytical results are presented below (see Table 1), including 20 mineralized intercepts from 7 new drill holes. Infill intercepts are located inside the 2024 MRE model (see November 14, 2024 news release), and are focused on upgrading inferred mineral resources to measured or indicated categories, as applicable. Expansion intercepts are located outside the 2024 MRE model and may potentially lead to additional resources that will be classified appropriately within the next MRE update. Some of the reported intercepts have contiguous shallower infill as well as deeper expansion (noted on Table 1 below as 'Both**'). Maps showing hole locations are available at Highlights: Drill hole 30-1096 730.7 metres averaging 0.29% Cu (infill and expansion) Drill hole 30-1085 219.0 metres averaging 0.41% Cu (infill) 754.5 metres averaging 0.24% Cu (infill and expansion) Drill hole 30-1092 331.5 metres averaging 0.37% Cu (expansion) Drill hole 30-1095 309.5 metres averaging 0.26% Cu (infill) Drill hole 30-1098 115.0 metres averaging 0.29% Cu (infill) 124.5 metres averaging 0.20% Cu (expansion) Drill hole 30-1099 614.7 metres averaging 0.23% Cu (infill and expansion) Drill hole 30-0872 92.1 metres averaging 0.24% Cu (expansion) 47.2 metres averaging 1.14% Cu (expansion) Table 1: Infill and Expansion Drilling Results DDH No. From (m) To (m) Length (m) Cu % Ag g/t Mo % CuEq* Type** 30-0872 167.6 259.7 92.1 0.24 3.05 <0.005 0.25 Expansion And 342.0 389.2 47.2 1.14 11.84 <0.005 1.22 Expansion 30-1085 3.0 222.0 219.0 0.41 2.79 <0.005 0.44 Infill And 355.5 1110 754.5 0.24 1.63 0.019 0.32 Both (including) 355.5 763.3 407.8 0.21 1.49 0.020 0.30 Infill (including) 763.3 1110.0 346.7 0.27 1.79 0.019 0.36 Expansion 30-1092 15.0 346.5 331.5 0.37 3.21 <0.005 0.39 Expansion 30-1095 15.0 43.0 28.0 0.22 1.75 <0.005 0.23 Infill And 57.0 366.5 309.5 0.26 2.11 0.007 0.30 Infill And 425.9 482.0 56.1 0.23 1.70 <0.005 0.24 Expansion And 524.7 550.5 21.9 0.42 2.04 <0.005 0.43 Expansion 30-1096 27.0 78.0 51.0 0.21 1.40 <0.005 0.22 Infill And 129.0 177.0 48.0 0.17 1.20 <0.005 0.18 Infill And 331.5 1062.2 730.7 0.29 1.60 0.032 0.42 Both (including) 331.5 727.5 396.0 0.21 1.45 0.032 0.34 Infill (including) 727.5 1062.2 334.7 0.39 1.79 0.032 0.52 Expansion 30-1098 36.0 141.0 104.5 0.20 2.25 <0.005 0.21 Infill And 255.0 288.0 33.0 0.21 1.18 <0.005 0.22 Infill And 330.0 445.5 115.0 0.29 2.18 0.017 0.36 Infill And 606.0 730.5 124.5 0.20 1.57 0.014 0.26 Expansion And 753.0 813.0 60.0 0.35 2.88 0.006 0.39 Expansion 30-1099 31.5 66.0 34.5 0.22 1.08 <0.005 0.23 Infill And 105.3 720.0 614.7 0.23 1.59 0.016 0.30 Both (including) 105.3 578.0 472.7 0.23 1.61 0.017 0.30 Infill (including) 578.0 720.0 142.0 0.23 1.52 0.015 0.30 Expansion And 862.2 1000.5 138.0 0.13 1.01 0.028 0.24 Expansion * See explanatory notes below on copper equivalent values and Quality Assurance / Quality Control.** 'Both' indicates drill holes that have contiguous shallower infill as well as deeper expansion intercepts. Discussion Drill hole 30-0872 was an old Noranda hole from the 1990s from which core was recovered and analyzed. The hole is located 440 metres south of the southern limit of 2024 MRE model and returned 92.1 metres averaging 0.24% Cu and 3.05 g/t Ag followed by a higher grade second intercept of 47.2 metres averaging 1.14% Cu and 11.8 g/t Ag (at the level of the C Zone skarn horizon), extending mineralization to a vertical depth of 390 metres. The first intercept starts at a depth of 168 metres and the overlying stratigraphy (Indian Cove hornfels) is unmineralized, but this waste material may be included as necessary strip in the next Whittle pit shell. Drill hole 30-1085, located on top of Copper Mountain near the central part of the 2024 MRE model, intersected 219.0 metres averaging 0.41% Cu and 2.79 g/t Ag (infill), followed by a second intercept (starting 130 metres deeper) of 754.5 metres averaging 0.24% Cu, 1.63 g/t Ag and 0.019% Mo (both infill and expansion at depth).This hole extends mineralization near the centre of the deposit to a vertical depth of 1110 metres. Drill hole 30-1092 is located 230 metres south of the southern limit of 2024 MRE model and returned 331.5 metres averaging 0.37% Cu and 3.21 g/t Ag (from surface down to the P4 stratigraphic level below the C Zone). This hole is located approximately 15 metres west of previously-reported hole 30-1067, which had failed to drill through a pillar of the B Zone. Drill hole 30-1095, located in the south-central part of the 2024 MRE model, intersected 309.5 metres averaging 0.26% Cu and 2.11 g/t Ag (infill). This was followed by 56.1 metres averaging 0.23% Cu and 1.70 g/t Ag and then by another 21.9 metres averaging 0.42% Cu and 2.04 g/t Ag (both expansion), extending mineralization to a vertical depth of 550 metres. Drill hole 30-1096, located in the central part of the 2024 MRE model, intersected two short (51 and 48 metre-long) mineralized zones, followed by 730.7 metres averaging 0.29% Cu, 1.60 g/t Ag, and 0.032% Mo (0.42% CuEq). The latter includes an expansion lower intercept, below the base of the 2024 MRE model, of 334.7 metres averaging 0.39% Cu, 1.79 g/t Ag, and 0.032% Mo (0.52% CuEq). This hole extends mineralization to a vertical depth of 1062 metres. Drill hole 30-1098, located near the western margin of the 2024 MRE model, intersected 104.5 metres averaging 0.20% Cu and 2.25 g/t Ag (infill), followed by 115.0 metres averaging 0.29% Cu and 2.18 g/t Ag (infill). This was followed by 124.0 metres averaging 0.20% Cu and 1.57 g/t Ag and then by another 60.0 metres averaging 0.35% Cu and 2.88 g/t Ag (both expansion), extending mineralization to a vertical depth of 813 metres. Drill hole 30-1099, located near the central part of the 2024 MRE model, adjacent to the Copper Mountain pit, intersected a short (34-metre-long) mineralized zone followed by 614.7 metres averaging 0.23% Cu, 1.59 g/t Ag, and 0.016% Mo (both infill and expansion), followed by a third intersection of 138 metres that averaged 0.13% Cu, 1.01 g/t Ag, and 0.028% Mo (expansion), extending mineralization in the porphyry core of the deposit to a vertical depth of 1000 metres. Mineralization at Gaspé Copper is of porphyry copper/skarn type and occurs as disseminations and stockworks of chalcopyrite with pyrite or pyrrhotite and minor bornite and molybdenite. At least five retrograde vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier prograde skarn and porcellanite-hosted mineralization throughout the Gaspé Copper system. Porcellanite is a historical mining term used to describe bleached, pale green to white potassic-altered hornfels. Subvertical stockwork mineralization dominates at Copper Mountain whereas prograde bedding-replacement mineralization, that is mostly stratigraphically controlled, dominates in the area of Needle Mountain, Needle East, and Copper Brook. High molybdenum grades (up to 0.5% Mo) were locally obtained in both the C Zone and E Zone skarns away from Copper Mountain. The 2022 to 2024 Osisko Metals drill programs were focused on defining open-pit resources within the Copper Mountain stockwork mineralization (see May 6, 2024 MRE press release). Extending the resource model south of Copper Mountain into the poorly-drilled prograde skarn/porcellanite portion of the system subsequently led to a significantly increased resource, mostly in the Inferred category (see November 14, 2024 MRE press release). The current drill program is designed to convert the November 2024 MRE to Measured and Indicated categories, as well as test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East and Needle Mountain respectively. The November 2024 MRE was limited at depth to the base of the L1 skarn horizon (C Zone), and all mineralized intersections below this horizon represent potential depth extensions to the deposit, to be included in the next scheduled MRE update in Q1 2026. All holes are being drilled sub-vertically into the altered calcareous stratigraphy which dips 20 to 25 degrees to the north. The L1 (C Zone) the L2 (E Zone) skarn/marble horizons were intersected in most holes, as well as intervening porcellanites that host the bulk of the disseminated copper mineralization. Table 2: Drill hole locations DDH No. Azimuth (°) Dip (°) Length (m) UTM E UTM N Elevation 30-0872 0.00 -90.00 594.3 316531.1 5425181.2 706.3 30-1085 0.00 -90.00 1110.0 316020.0 5426400.0 742.5 30-1092 0.00 -90.00 741.0 316342.0 5425425.0 609.0 30-1095 0.00 -90.00 696.0 316409.1 5425733.0 572.8 30-1096 0.00 -90.00 1069.0 316198.0 5426305.0 753.3 30-1098 0.00 -90.00 861.0 316034.0 5425948.0 600.5 30-1099 0.00 -90.00 1041.0 315700.0 5426462.0 603.7 Copper Equivalent grades are expressed for purposes of simplicity and are calculated taking into account: 1) metal grades; 2) estimated long-term prices of metals: US$4.25/lb copper, $20.00/lb molybdenum and US$24/oz silver; 3) estimated recoveries of 92%, 70% and 70% for Cu, Mo and Ag respectively; and 4) net smelter return value of metals as percentage of the price, estimated at 86.5%, 90.7% and 75.0% for Cu, Mo and Ag scientific and technical content of this news release has been reviewed and approved by Mr. Bernard-Olivier Martel, P. Geo. (OGQ 492), an independent 'qualified person' as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ('NI 43-101').Mineralized intervals reported herein are calculated using an average 0.12% CuEq lower cut-off over contiguous 20-metre intersections (shorter intervals as the case may be at the upper and lower limits of reported intervals). Intervals of 20 metres or less are not reported unless indicating significantly higher grades. True widths are estimated at 90 – 92% of the reported core length intervals. Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses, including insertion of blanks and standards in the sample stream. Drill core is drilled in HQ or NQ diameter and securely transported to its core processing facility on site, where it is logged, cut and sampled. Samples selected for assay are sealed and shipped to ALS Canada Ltd.'s preparation facility in Sudbury. Sample preparation details (code PREP-31DH) are available on the ALS Canada website. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for Cu, Mo and Ag. The Company announces that, effective August 12, 2025, it has granted to an employee of the Company an aggregate of 125,000 stock options ('Options') pursuant to the Osisko Metals omnibus equity incentive plan. The Options have an exercise price of $0.44 per share and a five-year term from the date of grant, and vest annually in equal thirds beginning on the first anniversary of the date of Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec's Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current (in compliance with NI 43-101). For more information, see Osisko Metals' November 14, 2024 news release entitled "Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper". Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec. In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada's largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of (in compliance with NI 43-101). For more information, see Osisko Metals' June 25, 2024 news release entitled "Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq". The Pine Point project is located on the south shore of Great Slave Lake, NWT, close to infrastructure, with paved road access, an electrical substation and 100 kilometers of viable haul roads. For further information on this news release, visit or contact: Don Njegovan, PresidentEmail: info@ (416) 500-4129This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as "expects", or "does not expect", "is expected", "interpreted", 'management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "potential", "feasibility", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the tax treatment of the FT Units; the timing of incurring the Qualifying Expenditures and the renunciation of the Qualifying Expenditures; the ability to advance Gaspé Copper to a construction decision (if at all); the ability to increase the Company's trading liquidity and enhance its capital markets presence; the potential re-rating of the Company; the ability for the Company to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated resource expansion of the Gaspé Copper system and Gaspé Copper hosting the largest undeveloped copper resource in eastern North America. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company's public disclosure record on SEDAR+ ( under Osisko Metals' issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by accompanying this announcement are available at:
Globe and Mail
22-07-2025
- Business
- Globe and Mail
Osisko Metals Gaspé Copper Project Intersects 645 Metres Averaging 0.28% Cu
MONTREAL, July 22, 2025 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the ' Company" or " Osisko Metals") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec. Osisko Metals Chief Executive Officer Robert Wares commented: ' These new results underscore the overall large-scale potential of mineralization at Gaspé Copper, with drill hole 1082 cutting 853 metres of continuous mineralization, including the bottom 424 metres being located immediately below and outside the 2024 MRE model. Furthermore, drill hole 1088 intersected new mineralization 80 metres southwest of the 2024 MRE model, emphasizing the excellent potential for increasing the size of the known deposit at depth and to the south. ' Significant new analytical results are presented below (see Table 1) and include 35 mineralized intercepts from ten drill holes. Infill intercepts are all located inside the 2024 Mineral Resource Estimate model ('MRE', see November 14, 2024 news release), and are focused on upgrading inferred mineral resources to measured or indicated categories, as applicable. Expansion intercepts are all located outside the 2024 MRE model and may potentially lead to additional resources that will be classified appropriately within the next MRE update. Some of the reported intercepts have contiguous shallower infill as well as deeper expansion (noted on Table 1 below as 'Both**'). Maps showing hole locations are available at Highlights: Drill hole 30-1082 853.5 metres averaging 0.20% Cu (infill and expansion) 147.5 metres averaging 0.19% Cu (infill) Drill hole 30-1089 645.0 metres averaging 0.28% Cu (infill and expansion) 91.5 metres averaging 0.21% Cu (infill) Drill hole 30-1083 427.5 metres averaging 0.26% Cu (infill and expansion) 153 metres averaging 0.18% Cu (infill) Drill hole 30-0974 351.0 metres averaging 0.20% Cu (expansion) 295.5 metres averaging 0.29% Cu (infill) Drill hole 30-1087 334.5 metres averaging 0.23% Cu (infill) 74.5 metres averaging 0.62% Cu (expansion) Drill hole 30-1094 227.5 metres averaging 0.26% Cu (infill) 49.9 metres averaging 0.24% Cu (expansion) Drill hole 30-1088 122.7 metres averaging 0.24% Cu (expansion) 79.5 metres averaging 0.31% Cu (expansion) Drill hole 30-1091 42.6 metres averaging 1.14% Cu (expansion) 210 metres averaging 0.21% Cu (infill) Table 1: Infill and Expansion Drilling Results DDH No. From (m) To (m) Length (m) Cu % Ag g/t Mo % CuEq* Type 30-0974 6.0 301.5 295.5 0.29 1.88 <0.005 0.30 Infill And 322.5 673.5 351.0 0.20 1.72 0.017 0.27 Expansion And 733.5 781.5 48.0 0.32 2.00 <0.005 0.33 Expansion 30-1082 21.0 69.0 48.0 0.19 1.46 <0.005 0.20 Infill And 112.0 259.5 147.5 0.19 1.86 <0.005 0.20 Infill And 286.5 1140.0 853.5 0.20 1.43 0.023 0.30 Both** (including) 286.5 716.0 429.5 0.20 1.52 0.020 0.28 Infill (including) 716.0 1140.0 424.0 0.21 1.33 0.026 0.32 Expansion 30-1083 65.0 101.0 36.0 0.22 1.78 <0.005 0.23 Infill And 138.0 174.0 36.0 0.15 1.66 <0.005 0.16 Infill And 202.5 355.5 153.0 0.18 1.56 0.011 0.31 Infill And 388.5 816.0 427.5 0.26 1.54 0.021 0.35 Both** (including) 388.5 488.0 99.5 0.31 1.90 0.025 0.42 Infill (including) 488.0 816.0 328.0 0.24 1.43 0.020 0.32 Expansion And 846.0 900.0 55.5 0.16 1.34 0.006 0.19 Expansion 30-1087 13.8 54.0 40.2 0.17 1.82 <0.005 0.18 Infill And 78.0 412.4 334.5 0.23 1.93 0.011 0.28 Infill And 447.0 521.5 74.5 0.62 3.19 0.004 0.65 Expansion And 550.2 598.5 48.3 0.36 2.83 0.013 0.43 Expansion 30-1088 69.0 111.0 42.0 0.32 2.20 <0.005 0.33 Expansion And 139.5 262.2 122.7 0.24 2.63 <0.005 0.25 Expansion And 445.0 524.3 79.5 0.31 2.19 0.005 0.34 Expansion 30-1089 5.2 96.0 91.5 0.21 1.54 <0.005 0.22 Infill And 211.5 235.5 25.5 0.13 1.54 0.006 0.14 Infill And 268.5 294.0 27.0 0.16 1.54 <0.005 0.14 Infill And 319.5 964.5 645.0 0.28 1.46 0.023 0.37 Both** (including) 319.5 567.8 248.3 0.26 1.65 0.023 0.36 Infill (including) 567.8 964.5 396.7 0.30 1.34 0.023 0.40 Expansion 30-1091 5.5 28.5 23.0 0.50 6.62 <0.005 0.54 Infill And 109.5 135.0 25.5 0.13 1.35 <0.005 0.14 Infill And 169.5 379.5 210.0 0.21 2.10 <0.005 0.22 Infill And 408.0 446.0 38.0 0.22 1.50 0.013 0.28 Expansion And 540.4 583.0 42.6 1.14 5.86 0.009 1.20 Expansion 30-1093 14.0 126.0 112.0 0.25 2.73 <0.005 0.26 Infill And 346.0 373.5 27.5 0.13 1.19 <0.005 0.14 Expansion And 576.5 643.5 67.0 0.20 2.13 <0.005 0.21 Expansion And 714.8 738.7 23.9 0.50 4.57 <0.005 0.53 Expansion And 811.5 834.4 22.9 0.48 5.40 <0.005 0.51 Expansion 30-1094 8.0 235.5 227.5 0.26 2.11 <0.005 0.27 Infill And 268.5 325.5 57.0 0.13 1.33 0.020 0.21 Infill And 388.5 414.5 26.0 0.49 3.00 0.008 0.54 Expansion And 511.1 561.0 49.9 0.24 1.99 <0.005 0.25 Expansion * Please see explanatory notes below on copper equivalent values and Quality Assurance / Quality Control. ** 'Both' indicates these drill holes have contiguous shallower infill as well as deeper expansion intercepts. Discussion Drill hole 30-0974 was an extension of a shallow (300 m) hole drilled in 2019, located near the southwestern margin of the 2024 MRE model. It returned 295.5 metres averaging 0.29% Cu and 1.88 g/t Ag (infill) followed by a second intercept of 351.2 metres averaging 0.20% Cu and 1.72 g/t Ag (expansion) and a third deeper intercept of 48.0 metres averaging 0.32% Cu and 2.00 g/t Ag (expansion), extending mineralization to a vertical depth of 780 metres. Drill hole 30-1082, located on top of Copper Mountain near the central part of the 2024 MRE model, intersected 48.0 metres averaging 0.19% Cu and 1.46 g/t Ag (infill), followed by a second intercept of 147.5 metres averaging 0.19% Cu and 1.86 g/t Ag (infill), followed by a third deeper intercept of 853.5 metres averaging 0.20% Cu, 1.43 g/t Ag and 0.023% Mo. The latter incudes an expansion lower intercept, below the base of the 2024 MRE model, of 424.0 metres averaging 0.21% Cu, 1.33 g/t Ag and 0.026% Mo. This hole extends mineralization near the centre of the deposit to a vertical depth of 1140 metres. Drill hole 30-1083, located in the south-central part of the 2024 MRE model, intersected two short 36 metre-long mineralized zones followed by 153.0 metres averaging 0.18% Cu and 1.56 g/t Ag (infill), followed by a deeper intercept of 427.5 metres averaging 0.26% Cu, 1.54 g/t Ag and 0.021% Mo. The latter incudes an expansion lower intercept, below the base of the 2024 MRE model, of 328.0 metres averaging 0.24% Cu, 1.43 g/t Ag and 0.020% Mo. This was followed by a final intercept of 55.5 metres averaging 0.16% Cu and 1.34 g/t Ag. This hole extends mineralization to a vertical depth of 900 metres. Drill hole 30-1087, located in the south-central part of the 2024 MRE model, intersected a short 40 metre-long mineralized zone followed by 334.5 metres averaging 0.23% Cu, 1.93 g/t Ag and 0.011% Mo (infill). This was followed by 74.5 metres averaging 0.62% Cu and 3.19 g/t Ag and then by another 48.3 metres averaging 0.36% Cu and 2.83 g/t Ag (both expansion), extending mineralization to a vertical depth of 598 metres. Drill hole 30-1088, located 80 metres outside the southwestern limit of the 2024 MRE model, intersected 42.0 metres averaging 0.32% Cu and 2.20 g/t Ag followed by 122.7 metres averaging 0.24% Cu and 2.63 g/t Ag. A third intersection at depth comprised 79.5 metres averaging 0.31% Cu and 2.19 g/t Ag (all expansion). Previously undocumented mineralization in this sector reached a vertical depth of 524 metres. Drill hole 30-1089, located in the south-central part of the 2024 MRE model, intersected 91.5 metres averaging 0.21% Cu and 1.54 g/t Ag (infill), followed by two short 26 to 27 metre-long mineralized zones, followed by 645.0 metres averaging 0.28% Cu, 1.46 g/t Ag and 0.023% Mo. The latter incudes an expansion lower intercept, below the base of the 2024 MRE model, of 396.7 metres averaging 0.30% Cu, 1.34 g/t Ag and 0.023% Mo. This hole extends mineralization to a vertical depth of 965 metres. Drill hole 30-1091, located in the southeastern part of the 2024 MRE model, intersected two short 23 to 26 metre-long mineralized zones, followed by 210.0 metres averaging 0.21% Cu and 2.10 g/t Ag (infill). This was followed by 38.0 metres averaging 0.22% Cu and 1.50 g/t Ag and then by another 42.6 metres averaging 1.14% Cu and 5.86 g/t Ag (both expansion), extending mineralization to a vertical depth of 583 metres where the hole was stopped in an open stope of historical E Zone mining operations. Drill hole 30-1093, located near the southeastern margin of the 2024 MRE model, intersected 112.0 metres averaging 0.25% Cu and 2.73 g/t Ag (infill), followed by four short 23 to 67 metre-long mineralized zones (all expansion), which extended mineralization to a vertical depth of 834 metres. Drill hole 30-1094, located near the southern limit of the 2024 MRE model, intersected 227.5 metres averaging 0.26% Cu and 2.11 g/t Ag (infill), followed by 57.0 metres averaging 0.13% Cu and 1.33 g/t Ag (infill), followed by two short 26 to 50 metre-long mineralized zones (both expansion), which extended mineralization to a vertical depth of 561 metres. Mineralization occurs as disseminations and stockworks of chalcopyrite with pyrite or pyrrhotite and minor bornite and molybdenite. At least five retrograde vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier prograde skarn and porcellanite-hosted mineralization throughout the Gaspé Copper system. Porcellanite is a historical mining term used to describe bleached, pale green to white potassic-altered hornfels. Subvertical stockwork mineralization dominates at Copper Mountain whereas prograde bedded replacement mineralization, which is mostly stratigraphically controlled, dominates in the area of Needle Mountain, Needle East and Copper Brook. High molybdenum grades (up to 0.5% Mo) were locally obtained in both the C Zone and E Zone skarns away from Copper Mountain. The 2022 to 2024 Osisko Metals drill programs were focused on defining open-pit resources within the Copper Mountain stockwork mineralization (see May 6, 2024 MRE press release). Extending the resource model south of Copper Mountain into the poorly-drilled prograde skarn/porcellanite portion of the system subsequently led to a significantly increased resource, mostly in the Inferred category (see November 14, 2024 MRE press release). The current drill program is designed to convert of the November 2024 MRE to Measured and Indicated categories, as well as test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East and Needle Mountain respectively. The November 2024 MRE was limited at depth to the base of the L1 skarn horizon (C Zone), and all mineralized intersections below this horizon represent potential depth extensions to the deposit, to be included in the next scheduled MRE update in Q1 2026. All holes are being drilled sub-vertically into the altered calcareous stratigraphy which dips 20 to 25 degrees to the north. The L1 (C Zone) and the L2 (E Zone) skarn/marble horizons were intersected in most holes, as well as intervening porcellanites that host the bulk of the disseminated copper mineralization. Table 2: Drill hole locations DDH No. Azimuth (°) Dip (°) Length (m) UTM E UTM N Elevation 30-0974 42 -88 501.0 316178.9 5425842.2 585.3 30-1082 0 -90 1161.0 316097.0 5426259.0 754.8 30-1083 0 -90 930.0 316300.0 5426004.9 642.3 30-1087 0 -90 770.5 316411.0 5425787.0 583.7 30-1088 0 -90 654.0 316100.0 5425613.0 570.6 30-1089 0 -90 1032.0 316273.8 5426098.5 686.9 30-1091 0 -90 583.0 316500.0 5425897.0 608.1 30-1093 0 -90 849.0 316687.0 5425707.0 577.5 30-1094 0 -90 720.0 316178.9 5425842.2 720.0 Explanatory note regarding copper-equivalent grades Copper Equivalent grades are expressed for purposes of simplicity and are calculated taking into account: 1) metal grades; 2) estimated long-term prices of metals: US$4.25/lb copper, $20.00/lb molybdenum and US$24/oz silver; 3) estimated recoveries of 92%, 70% and 70% for Cu, Mo and Ag respectively; and 4) net smelter return value of metals as percentage of the price, estimated at 86.5%, 90.7% and 75.0% for Cu, Mo and Ag respectively. Qualified Person The scientific and technical content of this news release has been reviewed, prepared, and approved by Mr. Bernard-Olivier Martel, P. Geo. (OGQ 492), an independent 'qualified person' as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ('NI 43-101'). Quality Assurance / Quality Control Mineralized intervals reported herein are calculated using an average 0.12% CuEq lower cut-off over contiguous 20-metre intersections (shorter intervals as the case may be at the upper and lower limits of reported intervals). Intervals of 20 metres or less are reported unless indicating significantly higher grades. True widths are estimated at 90 – 92% of the reported core length intervals. Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses, including insertion of blanks and standards in the sample stream. Drill core is drilled in HQ or NQ diameter and securely transported to its core processing facility on site, where it is logged, cut and sampled. Samples selected for assay are sealed and shipped to ALS Canada Ltd.'s preparation facility in Sudbury. Sample preparation details (code PREP-31DH) are available on the ALS Canada website. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for Cu, Mo and Ag. About Osisko Metals Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec ' s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt averaging 0.34% CuEq and Inferred Mineral Resources of 670 Mt averaging 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals' November 14, 2024 news release entitled "Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper". Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec. In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada ' s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt averaging 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals ' June 25, 2024 news release entitled "Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq". The Pine Point project is located on the south shore of Great Slave Lake, NWT, close to infrastructure, with paved road access, an electrical substation and 100 kilometers of viable haul roads. For further information on this news release, visit or contact: Don Njegovan, President Email: info@ Phone: (416) 500-4129 Cautionary Statement on Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as "expects", or "does not expect", "is expected", "interpreted", 'management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "potential", "feasibility", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the tax treatment of the FT Units; the timing of incurring the Qualifying Expenditures and the renunciation of the Qualifying Expenditures; the ability to advance Gaspé Copper to a construction decision (if at all); the ability to increase the Company's trading liquidity and enhance its capital markets presence; the potential re-rating of the Company; the ability for the Company to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated resource expansion of the Gaspé Copper system and Gaspé Copper hosting the largest undeveloped copper resource in eastern North America. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company's public disclosure record on SEDAR+ ( under Osisko Metals' issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Hamilton Spectator
22-07-2025
- Business
- Hamilton Spectator
Osisko Metals Gaspé Copper Project Intersects 645 Metres Averaging 0.28% Cu
MONTREAL, July 22, 2025 (GLOBE NEWSWIRE) — Osisko Metals Incorporated (the 'Company' or 'Osisko Metals') ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec. Osisko Metals Chief Executive Officer Robert Wares commented: ' These new results underscore the overall large-scale potential of mineralization at Gaspé Copper, with drill hole 1082 cutting 853 metres of continuous mineralization, including the bottom 424 metres being located immediately below and outside the 2024 MRE model. Furthermore, drill hole 1088 intersected new mineralization 80 metres southwest of the 2024 MRE model, emphasizing the excellent potential for increasing the size of the known deposit at depth and to the south. ' Significant new analytical results are presented below (see Table 1) and include 35 mineralized intercepts from ten drill holes. Infill intercepts are all located inside the 2024 Mineral Resource Estimate model ('MRE', see November 14, 2024 news release ), and are focused on upgrading inferred mineral resources to measured or indicated categories, as applicable. Expansion intercepts are all located outside the 2024 MRE model and may potentially lead to additional resources that will be classified appropriately within the next MRE update. Some of the reported intercepts have contiguous shallower infill as well as deeper expansion (noted on Table 1 below as 'Both**'). Maps showing hole locations are available at . Highlights: Table 1: Infill and Expansion Drilling Results * Please see explanatory notes below on copper equivalent values and Quality Assurance / Quality Control. ** 'Both' indicates these drill holes have contiguous shallower infill as well as deeper expansion intercepts. Discussion Drill hole 30-0974 was an extension of a shallow (300 m) hole drilled in 2019, located near the southwestern margin of the 2024 MRE model. It returned 295.5 metres averaging 0.29% Cu and 1.88 g/t Ag (infill) followed by a second intercept of 351.2 metres averaging 0.20% Cu and 1.72 g/t Ag (expansion) and a third deeper intercept of 48.0 metres averaging 0.32% Cu and 2.00 g/t Ag (expansion), extending mineralization to a vertical depth of 780 metres. Drill hole 30-1082, located on top of Copper Mountain near the central part of the 2024 MRE model, intersected 48.0 metres averaging 0.19% Cu and 1.46 g/t Ag (infill), followed by a second intercept of 147.5 metres averaging 0.19% Cu and 1.86 g/t Ag (infill), followed by a third deeper intercept of 853.5 metres averaging 0.20% Cu, 1.43 g/t Ag and 0.023% Mo. The latter incudes an expansion lower intercept, below the base of the 2024 MRE model, of 424.0 metres averaging 0.21% Cu, 1.33 g/t Ag and 0.026% Mo. This hole extends mineralization near the centre of the deposit to a vertical depth of 1140 metres. Drill hole 30-1083, located in the south-central part of the 2024 MRE model, intersected two short 36 metre-long mineralized zones followed by 153.0 metres averaging 0.18% Cu and 1.56 g/t Ag (infill), followed by a deeper intercept of 427.5 metres averaging 0.26% Cu, 1.54 g/t Ag and 0.021% Mo. The latter incudes an expansion lower intercept, below the base of the 2024 MRE model, of 328.0 metres averaging 0.24% Cu, 1.43 g/t Ag and 0.020% Mo. This was followed by a final intercept of 55.5 metres averaging 0.16% Cu and 1.34 g/t Ag. This hole extends mineralization to a vertical depth of 900 metres. Drill hole 30-1087, located in the south-central part of the 2024 MRE model, intersected a short 40 metre-long mineralized zone followed by 334.5 metres averaging 0.23% Cu, 1.93 g/t Ag and 0.011% Mo (infill). This was followed by 74.5 metres averaging 0.62% Cu and 3.19 g/t Ag and then by another 48.3 metres averaging 0.36% Cu and 2.83 g/t Ag (both expansion), extending mineralization to a vertical depth of 598 metres. Drill hole 30-1088, located 80 metres outside the southwestern limit of the 2024 MRE model, intersected 42.0 metres averaging 0.32% Cu and 2.20 g/t Ag followed by 122.7 metres averaging 0.24% Cu and 2.63 g/t Ag. A third intersection at depth comprised 79.5 metres averaging 0.31% Cu and 2.19 g/t Ag (all expansion). Previously undocumented mineralization in this sector reached a vertical depth of 524 metres. Drill hole 30-1089, located in the south-central part of the 2024 MRE model, intersected 91.5 metres averaging 0.21% Cu and 1.54 g/t Ag (infill), followed by two short 26 to 27 metre-long mineralized zones, followed by 645.0 metres averaging 0.28% Cu, 1.46 g/t Ag and 0.023% Mo. The latter incudes an expansion lower intercept, below the base of the 2024 MRE model, of 396.7 metres averaging 0.30% Cu, 1.34 g/t Ag and 0.023% Mo. This hole extends mineralization to a vertical depth of 965 metres. Drill hole 30-1091, located in the southeastern part of the 2024 MRE model, intersected two short 23 to 26 metre-long mineralized zones, followed by 210.0 metres averaging 0.21% Cu and 2.10 g/t Ag (infill). This was followed by 38.0 metres averaging 0.22% Cu and 1.50 g/t Ag and then by another 42.6 metres averaging 1.14% Cu and 5.86 g/t Ag (both expansion), extending mineralization to a vertical depth of 583 metres where the hole was stopped in an open stope of historical E Zone mining operations. Drill hole 30-1093, located near the southeastern margin of the 2024 MRE model, intersected 112.0 metres averaging 0.25% Cu and 2.73 g/t Ag (infill), followed by four short 23 to 67 metre-long mineralized zones (all expansion), which extended mineralization to a vertical depth of 834 metres. Drill hole 30-1094, located near the southern limit of the 2024 MRE model, intersected 227.5 metres averaging 0.26% Cu and 2.11 g/t Ag (infill), followed by 57.0 metres averaging 0.13% Cu and 1.33 g/t Ag (infill), followed by two short 26 to 50 metre-long mineralized zones (both expansion), which extended mineralization to a vertical depth of 561 metres. Mineralization occurs as disseminations and stockworks of chalcopyrite with pyrite or pyrrhotite and minor bornite and molybdenite. At least five retrograde vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier prograde skarn and porcellanite-hosted mineralization throughout the Gaspé Copper system. Porcellanite is a historical mining term used to describe bleached, pale green to white potassic-altered hornfels. Subvertical stockwork mineralization dominates at Copper Mountain whereas prograde bedded replacement mineralization, which is mostly stratigraphically controlled, dominates in the area of Needle Mountain, Needle East and Copper Brook. High molybdenum grades (up to 0.5% Mo) were locally obtained in both the C Zone and E Zone skarns away from Copper Mountain. The 2022 to 2024 Osisko Metals drill programs were focused on defining open-pit resources within the Copper Mountain stockwork mineralization ( see May 6, 2024 MRE press release ). Extending the resource model south of Copper Mountain into the poorly-drilled prograde skarn/porcellanite portion of the system subsequently led to a significantly increased resource, mostly in the Inferred category ( see November 14, 2024 MRE press release ). The current drill program is designed to convert of the November 2024 MRE to Measured and Indicated categories, as well as test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East and Needle Mountain respectively. The November 2024 MRE was limited at depth to the base of the L1 skarn horizon (C Zone), and all mineralized intersections below this horizon represent potential depth extensions to the deposit, to be included in the next scheduled MRE update in Q1 2026. All holes are being drilled sub-vertically into the altered calcareous stratigraphy which dips 20 to 25 degrees to the north. The L1 (C Zone) and the L2 (E Zone) skarn/marble horizons were intersected in most holes, as well as intervening porcellanites that host the bulk of the disseminated copper mineralization. Table 2: Drill hole locations Explanatory note regarding copper-equivalent grades Copper Equivalent grades are expressed for purposes of simplicity and are calculated taking into account: 1) metal grades; 2) estimated long-term prices of metals: US$4.25/lb copper, $20.00/lb molybdenum and US$24/oz silver; 3) estimated recoveries of 92%, 70% and 70% for Cu, Mo and Ag respectively; and 4) net smelter return value of metals as percentage of the price, estimated at 86.5%, 90.7% and 75.0% for Cu, Mo and Ag respectively. Qualified Person The scientific and technical content of this news release has been reviewed, prepared, and approved by Mr. Bernard-Olivier Martel, P. Geo. (OGQ 492), an independent 'qualified person' as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ('NI 43-101'). Quality Assurance / Quality Control Mineralized intervals reported herein are calculated using an average 0.12% CuEq lower cut-off over contiguous 20-metre intersections (shorter intervals as the case may be at the upper and lower limits of reported intervals). Intervals of 20 metres or less are reported unless indicating significantly higher grades . True widths are estimated at 90 – 92% of the reported core length intervals. Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses, including insertion of blanks and standards in the sample stream. Drill core is drilled in HQ or NQ diameter and securely transported to its core processing facility on site, where it is logged, cut and sampled. Samples selected for assay are sealed and shipped to ALS Canada Ltd.'s preparation facility in Sudbury. Sample preparation details (code PREP-31DH) are available on the ALS Canada website. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for Cu, Mo and Ag. About Osisko Metals Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec ' s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt averaging 0.34% CuEq and Inferred Mineral Resources of 670 Mt averaging 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals' November 14, 2024 news release entitled 'Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper'. Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec. In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada ' s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt averaging 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals ' June 25, 2024 news release entitled 'Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq'. The Pine Point project is located on the south shore of Great Slave Lake, NWT, close to infrastructure, with paved road access, an electrical substation and 100 kilometers of viable haul roads. For further information on this news release, visit or contact: Don Njegovan, President Email: info@ Phone: (416) 500-4129 Cautionary Statement on Forward-Looking Information This news release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as 'expects', or 'does not expect', 'is expected', 'interpreted', 'management's view', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'potential', 'feasibility', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the tax treatment of the FT Units; the timing of incurring the Qualifying Expenditures and the renunciation of the Qualifying Expenditures; the ability to advance Gaspé Copper to a construction decision (if at all); the ability to increase the Company's trading liquidity and enhance its capital markets presence; the potential re-rating of the Company; the ability for the Company to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated resource expansion of the Gaspé Copper system and Gaspé Copper hosting the largest undeveloped copper resource in eastern North America. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company's public disclosure record on SEDAR+ ( under Osisko Metals' issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Photos accompanying this announcement are available at:
Hamilton Spectator
13-06-2025
- Business
- Hamilton Spectator
Osisko Metals Announces Completion of Continuance to Ontario
TORONTO, June 13, 2025 (GLOBE NEWSWIRE) — Osisko Metals Incorporated (the 'Company' or 'Osisko Metals') (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: OB51) announces that, effective June 13, 2025, the Company has been continued from British Columbia ( Business Corporations Act (British Columbia) to Ontario ( Business Corporations Act (Ontario)) (the 'Continuance'). The Company adopted new articles and by-laws as part of the Continuance, which replaced the prior articles and by-laws of the Company. The Continuance and the new articles and by-laws of the Company were each approved by shareholders at the Company's annual and special meeting of shareholders held on May 29, 2025. Copies of the certificate of continuance and the new articles and by-laws of the Company will be available on SEDAR+ ( ) under the Company's issuer profile and on the Company's website at . About Osisko Metals Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec ' s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt grading 0.34% CuEq and Inferred Mineral Resources of 670 Mt grading 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals' November 14, 2024 news release entitled ' Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper '. Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec. In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada ' s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt at 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt at 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals' June 25, 2024 news release entitled 'Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq' . The Pine Point project is located on the south shore of Great Slave Lake, Northwest Territories, close to infrastructure, with paved road access, an electrical substation and 100 kilometers of viable haul roads. For further information on this news release, visit or contact: Robert Wares, Chief Executive Officer of Osisko Metals Incorporated Email: info@ Phone: (514) 861-4441 Cautionary Statement on Forward-Looking Information This news release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as 'expects', or 'does not expect', 'is expected', 'interpreted', 'management's view', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'potential', 'feasibility', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the anticipated resource expansion of the Gaspé Copper system; Gaspé Copper hosting the largest undeveloped copper resource in eastern North America; and the advancement of the Pine Point project. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company's public disclosure record on SEDAR+ ( under Osisko Metals' issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Hamilton Spectator
12-06-2025
- Business
- Hamilton Spectator
Osisko Metals Intersects 0.33% Cu Over 258 Metres at Gaspé
Includes 15.6 Metres Averaging 1.47% Cu and 8.5 g/t Ag E Zone Skarn Returns 29.7 Metres Averaging 1.92% Cu and 15.2 g/t Ag Infill Drilling Continues to Extend Deposit at Depth Below 2024 MRE MONTREAL, June 12, 2025 (GLOBE NEWSWIRE) — Osisko Metals Incorporated (the 'Company or 'Osisko Metals') ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce new drilling results from the 2025 drilling program at the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec. Results for eight new holes are reported below, located at the southern end of the deposit defined in the 2024 Mineral Resource Estimate ('MRE', see attached map and November 14, 2024 news release ). Highlights (see Table 1 below): Table 1: Drill hole mineralized intervals, see attached map for drill hole locations. Drill hole 30-1073 was drilled to the east of the 2024 MRE limit and did not intersect significant mineralization. Previously reported drill holes 30-1062 and 30-1066 were also collared to the southeast and to the east, respectively, of the 2024 MRE limit and these holes also failed to intersect significant mineralization, indicating that the deposit does not extend towards the east. The deposit remains open to the south and southwest. All holes were drilled sub-vertically into the altered calcareous stratigraphy which dips 20 to 25 degrees to the north; true widths are estimated at 90-92% of reported widths. The L1 (C Zone) the L2 (E Zone) skarn/marble horizons were intersected in most holes, as well as intervening porcellanites (pale green to white potassic-altered hornfels) that host the bulk of the disseminated copper mineralization. The November 2024 MRE was limited at depth to the base of the L1 skarn horizon (C Zone), and all mineralized intersections below this horizon represent potential depth extensions to the deposit, to be included in the next scheduled MRE update in Q1 2026. Mineralization occurs as disseminations and veinlets of chalcopyrite and is mostly stratigraphically controlled in the area of Needle Mountain, Needle East and Copper Brook. As expected, no significant molybdenum mineralization was encountered in porcellanites in the latter areas, but high grades (up to 0.4% Mo) were locally obtained in both the C Zone and E Zone skarns. The bulk of the molybdenum mineralization occurs in veinlet stockworks further north at Copper Mountain, where true porphyry copper-style mineralization occurs, forming a distinct secondary mineralized zone that is characterized by widespread, continuous copper-molybdenum stockwork mineralization radiating from the central source of hydrothermal fluids, i.e. the Copper Mountain porphyry intrusion. At least five vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier skarn/porcellanite-hosted mineralization throughout the Gaspé Copper system. The 2022 to 2024 Osisko Metals drill programs were focused on defining open-pit resources within the Copper Mountain stockwork mineralization, leading to the May 2024 MRE (see May 6, 2024 press release). Extending the resource model south of Copper Mountain into the poorly-drilled primary skarn/porcellanite portion of the system subsequently led to a significantly increased resource, mostly in the Inferred category (see November 14, 2024 press release). The current drill program is designed to convert the November 2024 MRE to Measured and Indicated categories, as well as test the extension of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East and Needle Mountain respectively. Qualified Person Mr. Bernard-Olivier Martel, P. Geo. is the Independent Qualified Person responsible for the technical data reported in this news release and he is a Professional Geologist registered in the Province of Quebec. Quality Assurance / Quality Control Mineralized intervals reported herein are calculated using an average 0.12% copper lower cut-off over contiguous 20-metre intersections (shorter intervals as the case may be at the upper and lower limits of reported intervals). Intervals of 20 metres or less are not reported unless indicating significantly higher grades. Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses, including insertion of blanks and standards in the sample stream. Drill core is drilled in HQ or NQ diameter and securely transported to its core processing facility on site, where it is logged, cut and sampled. Samples selected for assay are sealed and shipped to ALS Canada Ltd.'s preparation facility in Sudbury. Sample preparation details (code PREP-31DH) are available on the ALS Canada website. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for copper, molybdenum and silver. About Osisko Metals Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec ' s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt averaging 0.34% CuEq and Inferred Mineral Resources of 670 Mt averaging 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals' November 14, 2024 news release entitled ' Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper '. Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec. In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada ' s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt averaging 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals ' June 25, 2024 news release entitled 'Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq' . The Pine Point project is located on the south shore of Great Slave Lake, Northwest Territories, close to infrastructure, with paved road access, an electrical substation and 100 kilometers of viable haul roads. For further information on this news release, visit or contact: Don Njegovan, President Email: info@ Phone: (514) 861-4441 Cautionary Statement on Forward-Looking Information This news release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as 'expects', or 'does not expect', 'is expected', 'interpreted', 'management's view', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'potential', 'feasibility', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the tax treatment of the FT Units; the timing of incurring the Qualifying Expenditures and the renunciation of the Qualifying Expenditures; the ability to advance Gaspé Copper to a construction decision (if at all); the ability to increase the Company's trading liquidity and enhance its capital markets presence; the potential re-rating of the Company; the ability for the Company to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated resource expansion of the Gaspé Copper system and Gaspé Copper hosting the largest undeveloped copper resource in eastern North America. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company's public disclosure record on SEDAR+ ( under Osisko Metals' issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law. A photo accompanying this announcement is available at:
