Make Kitco Your Homepage

Osisko Development drills 2,420 g/t gold interval at Cariboo

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Osisko Development (TSX.V-ODV) today announced high-grade drilling results from the 2021 exploration and category conversion drill program campaign at its Cariboo gold project in central British Columbia.

The company said that drillhole BM-21-047 intersected a mineralized vein corridor from 121.00 meters to 128.75 meters core depth and assayed 158.40 g/t Au over 7.75 meters including a sample with visible gold that assayed 2,420.00 g/t Au over 0.50 meter.

CEO Sean Roosen commented, "These exceptional results from Lowhee Zone continue to increase our confidence in this deposit and add additional exploration potential along strike to the southeast towards KL zone, where is there a currently 1,300 meters of untested ground on Barkerville Mountain alone."

The Cariboo gold project, located in central British Columbia, is Osisko Development's flagship asset with measured and indicated resources of 21.44 Mt at 4.6 Au g/t for a total of 3.2 million ounces of gold and inferred resource of 21.69 Mt at 3.9 Au g/t for a total of 2.7 million ounces of gold.

Osisko Development's project pipeline is complemented by potential near-term production targeted from the San Antonio gold project, located in Sonora, Mexico, and early exploration stage properties including the Coulon project and James Bay properties located in Qu├ębec as well as the Guerrero properties located in Mexico.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.