Project UpdateJul 8, 2026, 05:17 PM
Osisko Development Reports High-Grade Gold Intercepts up to 122.5 g/t Au
AI Summary
Osisko Development Corp. announced new drilling results from its Cariboo Gold Project, highlighting significant high-grade gold intercepts, including 122.50 g/t Au over 0.50 m and 73.20 g/t Au over 0.50 m. The 8,971 meters of drilling, with 65% outside current resources, confirms high-grade mineralization at depth and strong potential for resource growth beyond the current 350-meter average depth. Additionally, the company plans to change its name to Osisko Gold Group Inc. and its ticker symbol to OGG, effective July 20, 2026.
Key Highlights
- High-grade gold intercept of 122.50 g/t Au over 0.50 m at 111 m vertical depth.
- Another high-grade intercept of 73.20 g/t Au over 0.50 m at 517 m vertical depth.
- Completed 8,971 meters of new surface exploration drilling at Cariboo Gold Project.
- Approximately 65% (5,823 m) of drilling transected areas outside current mineral resources.
- Results confirm high-grade mineralization at depth, reinforcing resource growth potential up to 800m.
- Company intends to change its name to Osisko Gold Group Inc. (OGG) effective July 20, 2026.
- Cariboo Gold Project hosts Probable Mineral Reserves of 2.07 million ounces of contained Au.
Price Impact
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