https://www.northernminer.com/
A resource update for Osisko Metals‘ (TSXV: OM; US-OTC: OMZNE) Copper Mountain deposit in Quebec increases the copper-equivalent metal content by 30% over the previous estimate, making it the largest undeveloped copper asset in eastern North America, the company says.
The update puts the deposit at 495 million indicated tonnes grading 0.30% copper, 0.016% molybdenum, and 1.75 grams silver per tonne (0.37% copper equivalent), Osisko said in a news release Monday. That resource contains 3.2 billion lb. copper, 180 million lb. molybdenum, and 27.9 million oz. silver.
There’s an additional 6.3 million inferred tonnes at 0.30% copper, 0.19% molybdenum, and 1.44 grams silver (0.37% copper equivalent). “We are extremely pleased with the results of the updated mineral resource estimate for the Copper Mountain deposit,” Osisko Metals CEO and chair Robert Wares said.
For the rest of this article: https://www.northernminer.com/news/osisko-metals-update-reveals-3-2b-lb-red-metal-asset-at-copper-mountain/1003867062/