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Osisko Metals Intersects 80 Meters Averaging 1.93% Copper at Gaspe Project

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Osisko Metals' (OM.TO) initial results from the 2026 drill program at the Gaspe Copper Project, located in the Gaspe Peninsula of Eastern Quebec, highlighted 80.0 meters averaging 1.93% copper (Cu), it said on Tuesday.

Drill hole 30-1195, located at the northern extremity of the Needle Mountain expansion area, is a vertical hole that cut two mineralized intervals, and which intersected 76.5 meters averaging 0.35% Cu. Five drills of the company are currently active on the property, with two additional drills starting work this month.

"The 2026 drill program is off to an excellent start with three new significant intersections reported from the Needle Mountain expansion area, all within modelled waste rock of the 2026 MRE Whittle pit volume," said Osisko Metals Chief Executive Robert Wares. "With the launch of the 2026 drill program, we believe that there is excellent potential for conversion of currently categorized in-pit waste rock to new mineralized zones in the direction of Needle Mountain."

Drill hole 30-1196, located 150 meters south of 30-1195, is a vertical hole that also cut two mineralized intervals, both within the 2026 Whittle pit volume, the company said.

Shares of the company closed down 1.9% to $1.55 on Monday on the Toronto Stock Exchange.

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