Osisko Development drills 2,420 g/t gold interval at Cariboo

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(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 Basov

For Kitco News

Follow kitconewsnow vbasov@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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