Osisko Development Corp. (TSX.V: ODV)
Announced drilling results from the 200,000-meter 2021 exploration and category conversion drill program campaign at its Cariboo Gold Project in central British Columbia.
There are 73,400 meters of assay results pending at Cariboo.
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| Osisko Development | TSX.V: ODV |
| Stage | Development and exploration |
| Metal | Gold |
| Market cap | C$932 m @ C$7.00 |
| Location | B.C. Canada, Sonora and Guerrero, Mexico |
OSISKO DEVELOPMENT INTERSECTS 15.90 G/T GOLD OVER 8.60 METERS ON
ISLAND MOUNTAIN AT CARIBOO
MONTREAL, June 15, 2021 – Osisko Development Corp. (TSX.V-ODV) (“Osisko Development” or the “Company”) is pleased to announce drilling results from the 200,000-meter 2021 exploration and category conversion drill program campaign at its Cariboo Gold Project (“Cariboo”) in central British Columbia.
There are 73,400 meters of assay results pending at Cariboo.
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Osisko Development – A total of ten diamond drill rigs are currently at Cariboo.
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Drilling Summary
85,000 meters have been drilled on Cariboo in 2021 designed to infill and expand known vein corridors. Assay results have been reported for the first 11,600 meters. The results for the remaining 73,400 meters are pending.
Recent assay results include holes IM-21-012 to IM-21-023.
Drillhole IM-21-014 tested both Shaft and Valley Zones, intersected multiple mineralized vein corridors in both zones, and within the Jack of Clubs fault. This shows continuous mineralization and expansion potential including 4.74 g/t Au over 5.45 meters in the Shaft Zone, 10.15 g/t Au over 0.85 meters in the Jack of Clubs Fault, and 14.64 g/t Au over 7.20 meters in the Valley Zone.
Mosquito Creek assays included 15.90 g/t Au over 8.60 meters in hole IM-21-023 with multiple high-grade samples.
Detailed drilling results, a drill hole location plan map and vertical cross section are presented at the end of this release.
Recent Drilling Highlights:
15.89 g/t Au over 6.00 meters in hole IM-21-013 including
79.50 g/t Au over 1.10 meters
14.64 g/t Au over 7.20 meters in hole IM-21-014 including
83.80 g/t Au over 0.80 meter
7.66 g/t Au over 4.25 meters in hole IM-21-017
4.63 g/t Au over 6.60 meters in hole IM-21-017 including
31.10 g/t Au over 0.90 meter
56.35 g/t Au over 2.50 meters in hole IM-21-018 including
98.00 g/t Au over 1.10 meters
6.25 g/t Au over 5.30 meters in hole IM-21-020
9.49 g/t Au over 10.75 meters in hole IM-21-020
15.90 g/t Au over 8.60 meters in hole IM-21-023 including
42.20 g/t Au over 0.75 meter
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Osisko Development Management Comments
“Drilling at Mosquito Creek continues to discover and define more high-grade vein corridor mineralization, and by targeting Shaft and Valley concurrently, we have discovered new mineralization between the known deposits showing excellent
continuity between the zones.
“Assay turnaround time is decreasing, and thousands of assays will be reported in the near term.”
Chris Lodder, President of Osisko Development
To read the full news release, please click HERE
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