Announcement Date: 2022-11-15
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Osisko Development Corp.
Project name: Cariboo Gold Project
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 6.6m at 11.91g/t Au from 146.4m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Montreal, Québec, November 15, 2022 – Osisko Development Corporation (“Osisko Development” or the “Company”) is pleased to announce drilling results from the 2022 exploration and category conversion drill campaign at its 100%-owned Cariboo Gold Project (“Cariboo”), located in central British Columbia. The Bulk Sample, which is fully-permitted for 2,200 meters of development, is planned to be conducted at the Lowhee Zone within Cariboo. The Lowhee Deposit hosts indicated mineral resources totaling 188,000 ounces of gold (“oz Au”) (1.60 million tonnes grading 3.6 g/t Au) and inferred mineral resources totaling 59,000 oz Au (0.52 million tonnes grading 3.5 g/t Au). For further information please see the Company’s news release dated May 24, 2022 and the Cariboo Technical Report (as defined herein). The Cariboo Technical Report includes statements in relation to mineral resources. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
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