Project UpdateJun 9, 2026, 05:05 PM
Osisko Development: High-Grade Gold Intercepts at Cariboo Project
AI Summary
Osisko Development Corp. announced new infill drilling results from its Cariboo Gold Project's Lowhee Zone, including the completion of a 13,000-meter program. The results show high-grade gold intercepts, such as 44.68 g/t Au over 1.5 m and 25.78 g/t Au over 2.5 m, providing a better understanding of vein corridor geometries and local variability. Additional infill and near-mine exploration drilling also yielded significant intercepts, reinforcing potential for resource conversion and upside mineralization. Reconciliation work for an updated block model is expected to conclude in Q2 2026.
Key Highlights
- Completed 13,684m of grid infill drilling (2,659m new results) on 10-m spacing in 142 drill holes.
- Highlight intercept: 44.68 g/t Au over 1.5 m (including 133.62 g/t Au over 0.5 m) from 27.9 m downhole.
- Another highlight intercept: 25.78 g/t Au over 2.5 m (including 103.47 g/t Au over 0.5 m) from 41.3 m downhole.
- Completed an additional 2,995m of infill and near-mine exploration drilling in the Lowhee Zone.
- Lowhee Zone highlight intercept: 31.64 g/t Au over 2.0 m (including 125.24 g/t Au over 0.5 m) from 50.0 m downhole.
- Lowhee Zone probable mineral reserves include 104,491 ounces of contained Au (923,162 tonnes grading 3.52 g/t Au).
- Reconciliation work for an updated localized block model is underway, with final results anticipated in Q2 2026.
- Cariboo Gold Project hosts probable mineral reserves of 2.071 million ounces of contained Au.
Price Impact
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