Morning Briefing: Osisko Unveils Massive Gaspé Copper Expansion
Good morning and welcome back to the Mining Stock Daily morning briefing. This is Ian Wagner filling in for Trevor Hall this week.
It's Tuesday, April 14th.
The precious metals are showing renewed strength in the face of recent geopolitical turmoil. Gold is sitting at 4800 at time of recording after rallying nearly 100 points since Monday’s open. Silver is up over 2.5% to $77.8 supported by a softer dollar and cooler producer price data out of the U.S.
The dollar weakened as signs of progress toward a ceasefire between the U.S. and Iran drained some of the safe-haven premium that's been propping it up. The GDX, GDXJ, and SIL all showed strength on Monday, with the miners broadly tracking gold's upside. Both WTI and Brent have dipped sharply, back below the crucial $100-level on ceasefire hopes, and that could ease some of the inflation anxiety that's been keeping rate-cut expectations depressed. For now, the macro picture favors the metals.
We’ll get to the news from the miners and explorers in just a moment, but first a word about today’s sponsor.
This episode of Mining Stock Daily is brought to you by…Vizsla Silver
Vizsla Silver is focused on becoming one of the world’s largest single-asset silver producers through the exploration and development of the 100% owned Panuco-Copala silver-gold district in Sinaloa, Mexico. The company consolidated this historic district in 2019 and has now completed over 375,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at https://vizslasilvercorp.com/
And here's what you need to know this morning…..
Osisko Metals announced a major resource update at its Gaspé Copper Project in eastern Quebec, following 118,000 metres of drilling completed in 2025. The updated estimate outlines Measured and Indicated resources of roughly 1.83 billion tonnes averaging about a .27 percent copper — representing a 119 percent increase in copper metal content over the prior estimate. That translates to nearly eleven billion pounds of contained copper, plus meaningful molybdenum and silver credits. CEO Robert Wares described Gaspé as a potential generational mine and the largest undeveloped copper resource in eastern North America. A new 50,000-metre drill program begins at month end. Osisko Metals trades on the TSX under OM. NEWS RELEASE
Magna Mining reported drill results and a development update at its Levack Mine in the Sudbury Basin of Ontario. The top intercept in new hole 26-14A returned 23 percent copper, 5.5% nickel, over 21 grams per tonne combined platinum, palladium, and gold — AND 225g/ton silver across about 2.4 metres from nearly 976 metres downhole. The company plans to follow-up on defining and expanding the R2 Zone with surface and underground diamond drills through the remainder of 2026. On the development side, Magna completed a breakthrough connecting the 3900 Level ramp to the 3600 Level, and has commenced work on the production hoist for the No. 2 shaft. A PEA for the Levack Mine is targeted for Q3 2026. Magna trades on the TSX Venture under NICU. NEWS RELEASE
Integra Resources reported additional drill results from its drilling program at the Florida Canyon Mine in Nevada. Drilling targeted large volumes of historical, gold-mineralized, low-grade waste material that was below the mining cut-off in a significantly lower gold-price environment. Broad oxide gold intercepts include: 102m at .3 g/t, 103m of .22g/t. Drilling also targeted "saddle" and "ridge" ("Inter-Pit") areas located between active and historical pits. Hole R02 returned 138m of .32g/t gold. The results continue to demonstrate broad intervals of near-surface oxide gold mineralization from both historical dump material and near-mine in-situ targets. CEO George Salamis noted that gold ounces close to existing infrastructure carry significantly higher value due to minimal capital requirements. Integra's 2026 drill program totals 42,500 metres, and an updated Florida Canyon feasibility study and technical report are expected in Q3 of this year. Integra trades on the TSX Venture under ITR and on the NYSE American under ITRG. NEWS RELEASE
Tudor Gold announced its 2026 exploration program at the Treaty Creek Project in British Columbia's Golden Triangle, and provided an update on a key land-use conflict with neighbor Seabridge Gold. Phase One of the The 2026 Treaty Creek Exploration Program will target the CBS zone, following up on drill results from 2021 and 2022 where drill hole 21-02 encountered 0.78 g/t gold and 2.3 g/t silver over 155 meters, including 53 meters grading 1.24 g/t gold and 4.3 g/t silver. Initially 2,000 meters of drilling is planned for the CBS Zone, with additional drilling dependent on success. Phase Two of the Treaty Creek Exploration Program will focus on the Perfectstorm Zone following up on geophysics completed in 2022. The program will also follow up on higher-grade drill hole intercepts intersected in the 2023 drill program, where drill hole PS-23-10 intersected 1.2 g/t gold and 3.4 g/t silver over 102 meters, including 42 meters grading 1.8 g/t gold and 5.7 g/t silver. Initially 8,000 meters of drilling is planned for the Perfectstorm Zone, with additional drilling dependent on success.
Regarding the land use conflict with Seabridge, British Columbia's Major Mines Office declined to advance Seabridge's tunnel permit application through Tudor's claims, citing unresolved legal uncertainty. The company noted that their preference is to negotiate with the Province of British Columbia and Seabridge. Tudor trades on the TSX Venture under TUD. NEWS RELEASE
Purepoint Uranium reported results from its winter 2026 drill program at the Nova Discovery, part of the Dorado Joint Venture with IsoEnergy in Saskatchewan's Athabasca Basin. Nine holes were completed totaling just over 5,200 metres, with six intersecting uranium mineralization. The standout hole returned an average of 17,700 counts per second over about 1.8 metres, including a program peak of 73,100 CPS — building on previously confirmed assay grades of up to eight percent uranium oxide at Nova. The mineralized corridor now extends along a one-kilometre strike length. Assays from this program are pending. Purepoint trades on the TSX Venture under PTU. NEWS RELEASE
Andina Copper reported a strong intercept from the first hole from a new step-out drill pad at the Cobrasco Project in Chocó Colombia. Drill Hole CDH-006 intercepted 486m @ 0.42% Cu, 51ppm Mo, 1.20g/t Ag. The hole was drilled from a new step-out platform about four hundred meters northwest of previous pads and confirms that the mineralized system continues to grow in that direction. Systematic step-out drilling continues to expand the known mineralization footprint within the upper 600m, already covering a lateral extent of approximately 950 x 525m, which remains open in all directions. CEO Joseph van den Elsen said the company is preparing to mobilize a second drill rig to accelerate both step-out and in-fill work. Andina Copper trades on the TSX Venture under ANDC, the Frankfurt exchange under FIR, and the OTCQB under PMMCF. NEWS RELEASE
American Eagle Gold launched an unsolicited takeover bid for Pacific Booker Minerals, offering 1.41 American Eagle shares for each Pacific Booker share — a 31 percent premium based on April 13th closing prices. The offer values Pacific Booker at approximately C$1.76 per share, implying a total equity value of roughly C$31 million on a fully diluted in-the-money basis. The company says the strategic rationale for the offer centers on providing a “reset” for Pacific Booker's Morrison Project, which has effectively been on hold for over 13 years since the failed permitting exercise in 2012. Critically, American Eagle has secured the support of the Lake Babine Nation. The Morrison Project is located within Lake Babine Nation’s traditional territory. The company holds 55 million dollars in cash. American Eagle trades on the TSX Venture under AE. NEWS RELEASE
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That's it for today everyone. Have a great day. Stay safe.
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