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Source: Osisko Development
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  • Osisko Development (ODV) has intersected gold during the current drilling campaign at its Cariboo Gold Project
  • The company intersected 15.87 grams of gold per tonne over 10.45 metres
  • A total of 152,000 metres have been drilled this year. Of that, 50,000 metres were drilled in 109 holes in the Valley Zone Deposit
  • The project is located in the Cariboo Region of British Columbia
  • Osisko Development is up 0.20 per cent, trading at $5.11 at 11:27 am EST

Osisko Development (ODV) has intersected gold during the current drilling campaign at its Cariboo Gold Project.

The project is located in the Cariboo Region of British Columbia.

The Quebec-based mineral exploration company intersected 15.87 grams of gold per tonne over 10.45 metres and 93.30 grams of silver per tonne over 0.7 metres at the property’s Valley Zone Deposit.

A total of 152,000 metres have been drilled this year. Of that, 50,000 metres were drilled in 109 holes in the Valley Zone Deposit.

Mineralized quartz veins on Cariboo are overall sub-vertical dip and northeast strike.

“Many of the holes in the category conversion program have intersected new vein corridors or expanded up dip and along strike. Hole CM-21-059 provides further indication that we have significant potential within our current deposit areas. These intercepts show the deposit continues down plunge in the sandstone and open for several hundred meters to the northwest and up dip,” said Osisko Development President Chris Lodder.

Located in Central British Columbia, the Cariboo Gold Project is Osisko Development’s flagship asset with measured and indicated resources of 21.44 Megatonnes at 4.6 grams of gold per tonne for a total of 3.2 million ounces of gold.

Osisko Development is up 0.20 per cent, trading at $5.11 at 11:27 am EST.

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