Project UpdateJul 8, 2026, 05:26 PM
Osisko Development Extends Cariboo Gold Mineralization Beyond 700m Depth
AI Summary
Osisko Development Corp. announced new drilling results from its Cariboo Gold Project, extending high-grade gold mineralization beyond 700m vertical depth in previously untested areas. Key intercepts include 13.19 g/t gold over 3.60m at 596m depth and 28.90 g/t gold over 0.50m at 718m depth. These results confirm high-grade mineralization at depth and indicate strong potential for resource growth. The company also plans to change its name to Osisko Gold Group Inc. and its ticker symbol to "OGG" effective July 20, 2026.
Key Highlights
- New drilling extended gold mineralization at Cariboo Gold Project beyond 700m vertical depth.
- Intercepts include 13.19 g/t Au over 3.60m at 596m vertical depth.
- Another intercept showed 28.90 g/t Au over 0.50m at 718m vertical depth.
- 8,971m of new surface exploration drilling was completed, with 65% outside current resources.
- Results confirm high-grade mineralization at depth and potential for resource growth beyond 350m average depth.
- Company to change name to Osisko Gold Group Inc. and ticker to "OGG" effective July 20, 2026.
Price Impact
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