Osisko Development Updates Infill Drilling at Cariboo Gold Project

HIGHLIGHTS

Osisko Development has provided an update on its ongoing infill drilling program at the Cariboo Gold Project, highlighting significant intercepts that enhance the project's prospective value. This update is part of a comprehensive 13,000-meter drilling initiative aiming to delineate and expand the resource base at Cariboo.

The latest results demonstrate notable gold mineralization, with standout intercepts such as 8.56 grams per tonne (g/t) of gold over a length of 8.5 meters from a depth of 60.5 meters. This result signals the potential for robust gold vein systems at depths that may not have been fully explored previously.

Another remarkable intercept included 130.32 g/t Au over a shorter interval, showcasing the potential for high-grade ore within the project area. The results are confirmed to support the company's objectives to upgrade and expand their resource estimates, which in turn is poised to enhance the economic viability of the Cariboo Gold Project.

The Cariboo project is strategically located in British Columbia, Canada, and is recognized for its rich history in gold mining. The focused drilling strategy is designed to intersect known mineralized zones while concurrently testing new targets that could potentially add to the existing resource base. Osisko Development aims to mobilize the drilling results into an updated resource estimate, with timelines anticipated to be outlined in upcoming reports.

Strong community relations and sustainable operation practices are integral to Osisko’s approach. The company is committed to maintaining transparency with local stakeholders and ensuring responsible mining practices throughout the exploration and development phases. As they advance, they seek to involve Indigenous communities and local entities, reinforcing their commitment to social and environmental responsibility.

Overall, the infill drilling results underscore the significant potential of the Cariboo Gold Project. The substantial gold intercepts validate Osisko Development's exploration strategy and enhance market confidence in the future production capabilities of the site. Continuous updates are expected as drilling progresses and more results are analyzed, positioning the Cariboo Gold Project as a promising asset in Osisko Development's portfolio.