- Osisko Development (ODV) released the latest production totals from a number of its projects Tuesday
- The company’s Trixie Mine officially re-opened in June 2020 following the furbishment of the main shaft and upper 625 level of the mine
- Since operations began, the mine has produced 25,043 ounces of gold
- The Trixie Mine is one of several gold and base metal targets within the larger Tintic Project
- Osisko Development is down 2.53 percent, trading at $6.55 at 3:38 pm ET
Osisko Development (ODV) released the latest production totals from a number of its projects Tuesday.
The company’s Trixie Mine officially re-opened in June 2020 following the furbishment of the main shaft and upper 625 level of the mine.
Following initial exploration, drilling and underground development towards the identified historic resource target and discovered a high-grade T2 structure in September of that year.
Since operations began, the mine has produced 25,043 ounces of gold.
The Trixie Mine is one of several gold and base metal targets within the larger Tintic Project.
Osisko recently acquired Tintic Consolidated Metals, which included that company’s 100-percent owned Trixie Mine, all of which are located in Utah.
“The discovery of the T2 and T4 structures at Trixie in late 2020 by TCM showed interesting gold grades associated with high sulphidation alteration hosted within quartzites that are capped by impermeable shales and volcanics. Access to the underground workings is available via an existing shaft, and underground exploration was conducted on and around the upper level which is located at 625 ft (190 m) below surface. High grade mineralized material resulting from exploration mining is extracted from the T2 and T4 structures and is processed via vat leaching-on site,” the company said in a release.
Osisko Development is down 2.53 percent, trading at $6.55 at 3:38 pm ET.
