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Osisko Metals Provides Update at Gaspé Copper
MONTREAL, July 24, 2024 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V:OM; OTCQX:OMZNF; FRANKFURT:0B51) is pleased to
About this update from Osisko Metals Incorporated
[{"type":"text","content":" MONTREAL, July 24, 2024 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V:OM; OTCQX:OMZNF; FRANKFURT:0B51) is pleased to provide an update on the activities being carried out this summer as part of the development of the Gaspé Copper project. Mr. Robert Wares, President and CEO of Osisko Metals, commented: “Since the beginning of the summer, significant work has been completed marking key advances in our efforts to eventually re-open the mine. Our 2024 drilling program is progressing well, as is surface water characterization of the mine site and surrounding area, both of which will continue into the fall. Detailed sampling of the pit waters as well as experimental fishing downstream from the mine site are also planned to better understand the health of fish populations and the potential impacts of pit dewatering. Publication of the preliminary economic assessment (PEA) is still scheduled for early 2025. In parallel with our technical work, we are pleased to support local community activities by sponsoring several events.” Drillings on Needle and Copper Mountains To date, eleven exploration drill holes have been completed at Needle Mountain for a total of approximately 2,600 metres. Core samples have been sent to the laboratory for copper, silver and molybdenum assaying. The results will determine the potential for additional mineral resources around the former Needle Mountain pit. Currently, the drill rig is located in the Copper Mountain pit for a 4,500-metre drilling program aimed at better defining resources in the enriched core of the Copper Mountain deposit. Pit wall stabilization and safety work has been carried out to ensure the safety of workers during drilling. Characterization of water bodies and waterways The Osisko Metals team undertook a detailed characterization of surface waters at the mine site, including downstream waterways and along the York River. In June, nearly 70 stations were sampled to assess water quality. This work will continue throughout the summer and fall to provide a complete picture of current water quality. Additional water samples will also be taken in the Copper Mountain pit from surface to bottom at a depth of 180 m. The field team also plans to sample the sediments at the bottom of the pit. This information will shed additional light on water quality ...