Project UpdateAug 5, 2026, 07:06 AM
Osisko Gold Reports High-Grade Gold Intercepts at Proserpine
AI Summary
Osisko Gold Group announced initial diamond drilling results from 14 holes at its Proserpine regional exploration target, part of the Cariboo Gold Project. The 6,463 meters of drilling confirmed an emerging gold mineralized system with high-grade structures and broader lower-grade zones, indicating potential for open-pit mining. Highlight intercepts included 95.93 g/t Au over 4.60 m and 5.46 g/t Au over 8.60 m. The company plans to resume drilling an additional 26,500 meters to expand the mineralized footprint.
Key Highlights
- 6,463 meters drilled in 14 holes at the Proserpine regional exploration target.
- Highlight intercept: 95.93 g/t Au over 4.60 m, including 873.00 g/t Au over 0.50 m.
- Another significant intercept: 5.46 g/t Au over 8.60 m at 77 m vertical depth.
- Further intercept: 2.17 g/t Au over 14.45 m at 431 m vertical depth.
- Drilling of an additional 26,500 meters is planned and resuming with three rigs.
- Mineralization footprint at Proserpine expanded to approximately 1.0 km x 0.5 km.
- Proserpine target is located 7 km southeast of the Cariboo Gold deposit.
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