(Kitco News) - Osisko Development(TSX.V-ODV) today announced high-grade drilling results from the 2021exploration and category conversion drill program campaign at its Cariboo gold projectin central British Columbia.
The company said thatdrillhole BM-21-047 intersected a mineralized vein corridor from 121.00 metersto 128.75 meters core depth and assayed 158.40 g/t Au over 7.75 metersincluding a sample with visible gold that assayed 2,420.00 g/t Au over 0.50meter.
CEO Sean Roosen commented,"These exceptional results from Lowhee Zone continue to increase our confidencein this deposit and add additional exploration potential along strike to thesoutheast towards KL zone, where is there a currently 1,300 meters of untestedground on Barkerville Mountain alone."
The Cariboo gold project,located in central British Columbia, is Osisko Development's flagship assetwith measured and indicated resources of 21.44 Mt at 4.6 Au g/t for a total of3.2 million ounces of gold and inferred resource of 21.69 Mt at 3.9 Au g/t fora total of 2.7 million ounces of gold.
Osisko Development's projectpipeline is complemented by potential near-term production targeted from theSan Antonio gold project, located in Sonora, Mexico, and early explorationstage properties including the Coulon project and James Bay properties locatedin Qu?(C)bec as well as the Guerrero properties located in Mexico.
By Vladimir BasovFor Kitco News
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