Osisko Metals to Create New Critical Minerals Company
Osisko Metals announced its intention to create Osisko Critical Minerals Corporation (OCMC), a new exploration company to be led by CEO John Burzynski, holding a portfolio of non-core copper-zinc-silver exploration properties in New Brunswick. Osisko Metals will retain a minority interest in OCMC following its financing, allowing the market to value the New Brunswick assets separately while the parent focuses on its flagship Gaspé Copper project, which hosts 1.83 Bt of pit-constrained Measured & Indicated resources at 0.32% CuEq.
Key figures
- Ocmc claim units
- 2972
- Ocmc land area km2
- 645
- Key anacon inferred
- 3.85 Mt @ 5.34% Zn, 1.49% Pb, 0.32% Cu, 47.7 g/t Ag (7.96% ZnEq)
- Pine point inferred
- 8.3 Mt @ 5.64% ZnEq
- Key anacon indicated
- 1.96 Mt @ 5.77% Zn, 2.38% Pb, 0.22% Cu, 68.9 g/t Ag (9.00% ZnEq)
- Pine point indicated
- 49.5 Mt @ 5.52% ZnEq
- Mount fronsac historical
- 1.26 Mt @ 7.65% Zn, 2.18% Pb, 0.14% Cu, 40.3 g/t Ag, 0.40 g/t Au (historical, non-NI 43-101 compliant)
- Gaspe copper mi resources
- 1.83 Bt @ 0.32% CuEq (pit-constrained Measured & Indicated)
- Nb copper land package km2
- 430
- Nb copper alteration footprint
- minimum 5 km x 2 km (vs Gaspé Copper 3.5 km x 2.5 km)
- Gaspe copper inferred resources
- 239 Mt @ 0.46% CuEq
- Unevaluated porphyry intrusions
- 21
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