Osisko Development Achieves Major Milestones in Gold Drilling
Highlights of the Update
- Completion of 5,983 meters of infill drilling, with 3,704 meters comprising new results.
- Significant intercepts, including an impressive 8.56 g/t Au over 8.5m at a depth of 60.5m.
- 16.95 g/t Au over 4.0m at a depth of 80m, featuring a high-grade interval of 130.32 g/t Au over 0.5m.
- Total drilling completion accounts for approximately 72% of the planned 13,000-meter program.
- The infill drilling program is expected to conclude in early 2026.
Osisko Development Corp. (NYSE: ODV, TSXV: ODV) is excited to share the latest infill drilling results from its Cariboo Gold Project. Conducted with 10-meter drill spacing, the ongoing program has so far achieved great success since its start in August.
The recent drilling operations focused on the Lowhee Zone and yielded a total of approximately 5,983 meters of drilling, representing around 44% of the planned drilling effort. The ongoing exploration has revealed several encouraging gold intercepts. For instance, drilling at hole BMU-25-090 revealed 8.56 grams per tonne (g/t) Au over 8.5 meters, highlighting the potential for discovering more gold in the area.
Another notable finding was reported from hole BMU-25-104, which yielded an astounding 16.95 g/t Au over 4.0 meters, with a further concentration of 130.32 g/t Au over just 0.5 meters. Such results confirm the previous models while indicating areas that may hold even greater mineralization potential.
Infill Drilling Program Progress
So far, the completed drilling has covered around 72% of the 13,000 meters that Osisko has planned, with significant assay results still pending for various holes. The company continues to focus on areas outside the known reserve outlines, hinting at possible new mineralization. This broader approach could lead to an updated local block model, greatly refining the future stope designs planned for production.
Chris Lodder, President of the company, expressed optimism regarding the drilling results, mentioning how these findings align well with the previously modeled vein corridors and planned stope shapes. The infill drilling with tighter spacing helps significantly sharpen understanding regarding the local geological variances.
Detailed Drilling Highlights
Among the array of recent results, several were particularly striking, including:
- In hole BMU-25-084, 11.12 g/t Au over 4.5m was noted from a depth of 70.5 meters, including intervals of 88.87 g/t over 0.5 meters.
- BMU-25-092 showed 9.32 g/t Au over 6.0m, highlighting mineral continuity within the vein.
- Other notable results include 13.22 g/t Au over 2.65m at a depth of 87.85m from BMU-25-108.
Future Directions for the Lowhee Zone
As the drilling program nears its conclusion, efforts will now shift towards accurately modeling the resource estimates of the Cariboo Gold Project. In previous years, discoveries within the Lowhee Zone have led to significant investments in resource calculation and infrastructure, setting a promising outlook for future operations.
Along with its gold drilling operations, the company places a strong emphasis on sustainable practices, ensuring that its mining efforts are environmentally responsible. As it progresses towards becoming a mid-tier gold producer, Osisko Development aims to capitalize on the growing global demand for gold, especially from regions rich in potential like the Cariboo Project.
Frequently Asked Questions
What are the highlights of the recent drilling report from Osisko Development?
The report highlights significant intercepts, including 8.56 g/t Au over 8.5m and an impressive 16.95 g/t Au over 4.0m in recent drilling.
When is the infill drilling program expected to conclude?
The infill drilling program is on track to conclude in the first quarter of 2026.
What is the total planned meterage for the drilling program?
Osisko Development has set a target of 13,000 meters for its ongoing infill drilling program.
How does Osisko Development plan to use the new data derived from the drilling?
The data will refine the local block model, impacting future production designs and helping in resource estimation processes.
What sustainability practices does Osisko Development implement in its operations?
Osisko Development prioritizes environmentally responsible practices while advancing its gold exploration efforts in the region.
