- Osisko Development (ODV) it is expanding its Prosperine Discovery to a 1.5 kilometre strike length
- New drilling results are out from the exploration program on the Proserpine greenfield target on the Cariboo Gold Project
- The project is located in the Cariboo Region of British Columbia
- An initial drill program found high-grade, mineralized axial planar veins
- Shares of Osisko Development are down 1.25 per cent on the day, trading at C$14.19 at 12:08 p.m EST
Osisko Development (ODV) it is expanding its Prosperine Discovery to a 1.5 kilometre strike length.
The company has drill results from the exploration program on the Proserpine greenfield target on the Cariboo Gold Project in central British Columbia.
The Proserpine area is located six kilometres along trend from the Cariboo Deposits and minimal drill testing has occurred along the trend to date.
A detailed geologic mapping and sampling program carried out in 2019 identified several prospective drill targets and further defined the lithologic controls on gold mineralization of the company’s greenfield targets.
The initial program found high-grade, mineralized axial planar veins analogous to those on Cow, Island and Barkerville Mountains with assay highlights of 17.78 grams of gold per tonne of material over 5.60 meters including a sample of 112 grams of gold per tonne of material over 0.60 metres and 30.70 grams of gold per tonne of material over 1.00 metres.
“The success of these initial drill holes located six kilometres south east of the Company’s mineral resource, continue to increase the confidence we have in the potential scale of the mineralized trend on the Cariboo mining camp,” said Osisko CEO Sean Roosen.
Osisko Development Corp. is a gold development company in North America with a mandate 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 the company’s flagship asset
Shares of Osisko Development are down 1.25 per cent on the day, trading at C$14.19 at 12:08 p.m EST.
