- Osisko Development (ODV) announces continued high-grade drill results at Cariboo Gold Project in central British Columbia
- Highlights include 63.20 g/t over 3.20 metres including a sample of 181 g/t over 0.80 metres
- Osisko Development Corp. seeks to advance Canadian and Mexican properties to become the next mid-tier gold producer
- Osisko Development (ODV) is up 0.25 per cent and is currently trading at C$7.90 per share
Osisko Development (ODV) announces continued high-grade drill results at Cariboo Gold Project in central British Columbia.
The drilling took place on three of Cariboo’s deposits: Island Mountain, Mosquito Creek and Shaft Zone.
Highlights include 63.20 g/t over 3.20 metres on Shaft Zone including a sample of 181 g/t over 0.80 metres.
A total of 13,301 metres were drilled in 76 holes on Mosquito and Shaft in 2020 and many of these assays are pending. The company is currently drilling on Island Mountain with five diamond drill rigs.
Chris Lodder, President of Osisko, commented,
“These results demonstrate the high-grade nature of individual veins on Island Mountain and that infill drilling continues to confirm lateral and vertical continuity of the vein corridors.”
The modelled vein corridors remain open for expansion at depth and down plunge. Gold grades are intimately associated with vein-hosted pyrite, as well as pyritic and silicified wall rock haloes in close proximity to the veins.
Osisko Development Corp. seeks to advance the Cariboo Gold Project and other Canadian and Mexican properties with the objective of becoming the next mid-tier gold producer. The Cariboo Gold Project is Osisko’s flagship asset with measured and indicated resources of 3.2 million ounces of gold and inferred resources of 2.7 million ounces of gold.
Osisko Development (ODV) is up 0.25 per cent and is currently trading at C$7.90 per share as of 9:34 am EST.