Osisko Development Corp. (NYSE: ODV, TSXV: ODV) has announced the completion of a 13,000-meter infill drilling program at its Cariboo Gold Project in central British Columbia, Canada. The company also provided an update on ongoing underground drilling at the Lowhee Zone.
Program Highlights
The program included 13,684 meters of grid infill drilling on 10-meter spacing across 142 drill holes, with 2,659 meters of new results reported. Additionally, 2,995 meters of infill and near-mine exploration drilling were completed at the Lowhee Zone.
Key intercepts from the infill drilling include 44.68 grams per tonne (g/t) gold over 1.5 meters from 27.9 meters downhole, including 133.62 g/t gold over 0.5 meters from 28.4 meters downhole. Another highlight is 25.78 g/t gold over 2.5 meters from 41.3 meters downhole, including 103.47 g/t gold over 0.5 meters from 42.8 meters downhole and 12.51 g/t gold over 1.0 meter from 41.8 meters downhole.
Underground drilling at the Lowhee Zone returned intercepts such as 31.64 g/t gold over 2.0 meters from 50.0 meters downhole, including 125.24 g/t gold over 0.5 meters from 50.5 meters downhole, and 11.21 g/t gold over 4.9 meters from 63.3 meters downhole, including 58.19 g/t gold over 0.7 meters from 65.0 meters downhole.
Management Commentary
Chris Lodder, President of Osisko Development, stated: “The completion of the tighter infill drill spacing gives us a better understanding of vein corridor spatial geometries and local variability specific to this part of the Lowhee deposit. This provides confidence to refine infill drill requirements, production designs, and sequencing. The additional infill and near-mine exploration intercepts reinforce the importance of continued drilling in underexplored zones.”
Drill Assay Details
This news release includes assays from 55 underground infill and near-mine exploration HQ diamond drill holes totaling 5,654 meters, with depths ranging from 76.5 to 138 meters. Select photon and fire assay highlights include:
- 44.68 g/t Au over 1.5 m in BMU-25-176 from 27.9 m downhole, including 133.62 g/t Au over 0.5 m from 28.4 m downhole.
- 25.78 g/t Au over 2.5 m in BMU-26-055 from 41.3 m downhole, including 103.47 g/t Au over 0.5 m from 42.8 m downhole and 12.51 g/t Au over 1.0 m from 41.8 m downhole.
- 31.64 g/t Au over 2 m in BMU-26-034 from 50.0 m downhole, including 125.24 g/t Au over 0.5 m from 50.5 m downhole.
- 11.21 g/t Au over 4.9 m in BMU-26-031 from 63.3 m downhole, including 58.19 g/t Au over 0.7 m from 65.0 m downhole and 17.57 g/t Au over 0.7 m from 63.3 m downhole.
- 21.84 g/t Au over 2.5 m in BMU-26-008 from 79.7 m downhole, including 91.3 g/t Au over 0.5 m from 79.7 m downhole and additional intervals.
- 91.99 g/t Au over 0.5 m in BMU-26-013 from 73.75 m downhole.
- 18.59 g/t Au over 2.65 m in BMU-26-006 from 43.35 m downhole, including 48.93 g/t Au over 1.0 m from 43.85 m downhole.
- 4.76 g/t Au over 6.05 m in BMU-26-037 from 85.0 m downhole, including 44.79 g/t Au over 0.5 m from 88.5 m downhole.
- 3.28 g/t Au over 7.3 m in BMU-25-179 from 81.7 m downhole, including 12.73 g/t Au over 0.95 m from 84.85 m downhole.
- 46.37 g/t Au over 0.5 m in BMU-26-022 from 14.0 m downhole.
Next Steps
Reconciliation work is underway on an updated localized block model, with final results anticipated in the second quarter of 2026. The results to date continue to contribute to a more detailed understanding of spatial controls and local variability within the Lowhee Zone, providing positive indications for near-mine potential.
