Source: Osisko Development
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  • Osisko Development Corp. (ODV) has released an initial open pit resource estimate at its San Antonio Project in Mexico
  • Across its Sapuchi, Golfo de Oro, California, High Life and Calvario deposits, an indicated mineral resource of 576,000 ounces of gold and 1.37 million ounces of silver
  • The 2022 Mineral Resource Estimate is based on 84,454 metres of current and verified historic drilling in 579 holes
  • Osisko Development is down 0.15 percent, trading at $6.49 at 10:50 am ET

Osisko Development Corp. (ODV) has released an initial open pit resource estimate at its San Antonio Project in Sonora State, Mexico.

Across its Sapuchi, Golfo de Oro, California, High Life and Calvario deposits, an indicated mineral resource of 576,000 ounces of gold and 1.37 million ounces of silver (14.9 million tonnes grading 1.2 g/t Au and 2.9 g/t Ag).

An inferred mineral resource of 544,000 ounces of gold and 1.76 million ounces of silver (16.6 million tonnes grading 1.0 g/t Au and 3.3 g/t Ag) was also recorded.

The company’s, President, Chris Lodder stated that this resource estimate strengthens ODV’s portfolio for near term advancement and towards possible production.

“Osisko Development has made considerable progress at San Antonio in the past year with the construction of the leach pad, near-term processing of the stockpile and completion of a drill program to generate this initial resource. The Company believes there is potential to add to the mineral resource through continued exploration and drilling on the property.”

The 2022 Mineral Resource Estimate is based on 84,454 metres of current and verified historic drilling in 579 holes, of which 27,870 metres of drilling in 177 holes were drilled by the company in 2021.

Gold mineralization is hosted within altered hydrothermal breccia and sediments.

Osisko Development is down 0.15 percent, trading at $6.49 at 10:50 am ET.

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