Osisko Development Corp. Updates on Infill Drilling Progress
Osisko Development Corp. is making significant strides with its ongoing infill drilling program at the Cariboo Gold Project. The initiative, covering a total of 13,000 meters, began in August and aims to enhance resource modelling and mine planning. Recently completed infill drilling amounts to approximately 2,279 meters, yielding promising results from 24 drill holes which span 10-meter drill spacing.
Highlights from the Drilling Program
Among the standout intercepts reported include:
- 45.24 g/t Au over 3.0 m, with peak values including 233.92 g/t Au over 0.5 m.
- 41.17 g/t Au over 2.1 m, comprising intervals of high-grade gold.
- 16.36 g/t Au over 4.6 m, showcasing significant gold mineralization.
- These findings not only demonstrate continuity with the modelled vein zones but also suggest excellent potential for identifying new deposits in conjunction with existing reserve stopes.
Drilling Design and Objectives
The systematic approach to underground infill drilling is crafted explicitly to mitigate risks associated with resource estimation and to optimize the design of production stopes. The focus remains on understanding the geology better, which in turn enhances the accuracy of resource modelling and future mine planning.
Insight from Osisko’s Leadership
Chris Lodder, President of Osisko Development, emphasized the importance of these initial results, stating that high-grade intercepts found within and adjacent to modelled reserve stopes highlight the drilling program's success. He is enthusiastic about the potential to delineate new zones contributing to future mining plans and appreciates the advantages that systematic infill drilling provides.
Drill Assay Highlights
A selection of assay results from this news release outlines significant findings from the infill and exploration diamond drill holes:
- In hole BMU-25-075: 45.24 grams per tonne (g/t) gold over 3.0 m, which includes a remarkable 233.92 g/t over 0.5 m and an additional 35.19 g/t over another 0.5 m.
- In hole BMU-25-065: 41.17 g/t over 2.1 m, highlighted by composites of 142.56 g/t over 0.5 m and 19.20 g/t over 0.6 m.
- Further, hole BMU-25-079 yielded 16.36 g/t over 4.6 m, with significant intervals including 111.75 g/t over 0.5 m.
These results are only a subset of the overall findings and detail the robust geological potential lying within the Cariboo Gold Project.
About the Cariboo Gold Project
The Cariboo Gold Project is a highly regarded gold development venture in British Columbia, Canada, owned entirely by Osisko Development. Spanning approximately 186,740 hectares, this project consists of key mineral exploration targets, and its geological potential has been confirmed through extensive drilling programs over the years. With the recent granting of necessary environmental permits, the stage is set for the project to thrive.
Development Timeline
From 2017 onward, a series of drilling and exploration efforts have progressively refined the understanding of the Lowhee Zone, indicating consistent mineralization that aligns with geochemical sampling and geological mapping results. Each phase of drilling, from early stratigraphic work to more recent infill programs, has built confidence in the project’s mineral resources, emphasizing its viability for future production.
Company Profile: Osisko Development Corp.
Osisko Development Corp. operates with the vision of becoming a significant producer of gold through its strategic focus on the Cariboo Gold Project while also exploring valuable opportunities in relevant jurisdictions across North America. The goal is to develop mining assets that align with sustainable practices while responsibly overseeing environmental impacts.
Frequently Asked Questions
What are the key findings from the recent drilling program at Cariboo?
Osisko Development reported several high-grade gold intercepts, including notable results of 45.24 g/t Au over 3.0 m, signifying significant exploration potential.
How many meters have been drilled in the current infill program?
As of now, approximately 2,279 meters of infill drilling have been completed out of the 13,000-meter program.
What does the infill drilling aim to achieve?
The infill drilling program is designed to de-risk resource modelling and mine planning processes while optimizing production stope design.
Who is leading Osisko Development Corp.?
The company is led by Chris Lodder, who is the President and has been vocal about the positive results of the infill drilling.
What is the significance of the Cariboo Gold Project?
The Cariboo Gold Project is a highly prospective area believed to host substantial mineral reserves, which is pivotal for Osisko's strategic growth as a gold producer.
