Osisko Development's Cariboo Project Yields High-Grade Gold Results
Montreal, Tuesday, 9 September 2025.
Impressive gold intercepts at Cariboo Project include 57.29 g/t over 3.05 m and 625.95 g/t over 0.5 m, boosting project viability and investor confidence.
Significant Gold Intercepts Announced
Osisko Development Corp. (NYSE: ODV, TSXV: ODV) has revealed substantial gold intercepts from its recent infill drilling activities at the Cariboo Gold Project in British Columbia. On September 8, 2025, the company reported findings of 57.29 grams per tonne (g/t) gold over 3.05 meters, 625.95 g/t gold over 0.5 meters, and 15.26 g/t gold over 4.4 meters, which are key indicators of the project’s potential to enhance resource estimates and attract investor interest [1][2].
In-Depth Look at the Drilling Program
The latest results come from approximately 6,471 meters of underground infill drilling and 398 meters of chip and rock saw channel sampling conducted within the Lowhee Zone. President Chris Lodder emphasized that the drilling aimed to assess how gold grades hold under tighter drilling conditions and to determine optimal drill hole spacing for future mining operations. Lodder noted that the veins remain open at depth, suggesting strong prospects for additional resource expansion [2][3].
Comprehensive Drilling Strategy
The ongoing 13,000-meter infill drill program targets mineral reserve blocks and inferred resources, aiming to provide critical data for resource modeling and mine planning. Regular updates on the program’s progress are anticipated, reflecting the company’s commitment to transparency and strategic development. The structural modeling suggests that the sandstone rock package, which hosts the Cariboo deposit, remains open beyond currently tested depths, indicating significant potential for future expansion [1][3].
Impact on Investor Confidence
These high-grade intercepts are expected to bolster investor confidence and positively influence the project’s financial viability. The Cariboo Gold Project, covering approximately 186,740 hectares, has probable mineral reserves of 2.07 million ounces of gold. The project is fully permitted and in the feasibility stage, with a comprehensive technical report outlining the robust nature of the project. This strengthens Osisko Development’s position as a leading gold development company aiming to become an intermediate gold producer [1][4].