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Osisko Metals Reports Additional Infill Drill Results at Gaspé Copper Including 102.0 m of 0.57% Copper and 2.20 gpt Silver
MONTREAL, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the "Company or "Osisko Metals") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased t
About this update from Osisko Metals Incorporated
[{"type":"text","content":" MONTREAL, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the \"Company or \"Osisko Metals\") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce additional drilling results from the Mount Copper Project, located in the Gaspé Peninsula of Quebec. A total of 25,665 m of the 30,000m infill drilling program were completed at the Mount Copper deposit at the end of September. Results from ten holes are reported below: Four of the reported holes are within the immediate Mount Copper area that tested the grade and the oxide content of this poorly drilled area, and the other holes are located along the margins of the historical open pit. Six of the ten holes have extended mineralization beyond the 2022 Mineral Resource Estimate (”MRE”) Block Model, and none of the holes intersected significant oxide mineralization. Highlights: Drill hole 30-1004, located on Mount Copper collared within the modelled pit shell, intersected 102.0 metres grading 0.57% Cu and 2.20 g/t Ag, representing a better grade than that modelled within the current 2022 MRE Block Model. Drill hole 30-0999 located east of the historical Mount Copper open pit extended mineralization significantly outside the 2022 MRE Block Model and intersected 334.7 metres grading 0.21% Cu and 1.32 g/t Ag. Drill hole 30-1008 intersected 272.0 metres grading 0.39% Cu and 2.69 g/t Ag within the 2022 MRE Block Model. Robert Wares, Chairman & CEO, commented: “This first infill drill program at Mount Copper continues to increase the known mineralization envelope and will allow better quantification of the oxidation levels within the modelled pit shell. So far results are very satisfactory around Mount Copper itself where the previous drilling was relatively sparse. Sulphide mineralization increases towards the center of the deposit, below the historical pit, and we now look forward to results from directional drilling holes that were oriented to provide infill drilling below the bottom of the historical open pit mine, into the heart of the deposit.” DDH 30-996, collared on the eastern margin of the pit, did not intersect significant mineralization to a depth of 168 m where the hole was discontinued for technical reasons. The objective of this definition drilling program is to provide data to upgrade the 2022 MRE to Measured and Indicated categories in preparat...