Welcome to our dedicated page for Osisko Development news (Ticker: ODV), a resource for investors and traders seeking the latest updates and insights on Osisko Development stock.
Osisko Development Corp. (ODV) generates frequent news as it advances its gold development portfolio in North America, with a strong emphasis on the Cariboo Gold Project in central British Columbia. Company updates often highlight technical milestones at Cariboo, including underground infill drilling results from the Lowhee Zone, broader exploration drilling campaigns, and progress on pre‑construction and underground development activities.
Investors following ODV news can expect detailed assay releases from ongoing drilling programs, such as the 13,000‑meter underground infill campaign on tight drill spacing and the fully funded 70,000‑meter exploration program targeting Cariboo Deep, Proserpine Mountain, Barkerville Mountain, and other regional prospects along the Cariboo Gold trend. These releases typically include gold grades, interval lengths, and interpretations about continuity with modelled vein corridors, mineral reserves, and potential extensions of mineralization.
Beyond project geology, Osisko Development’s news flow includes financing and corporate developments. The company reports on project loan facilities, such as its senior secured credit facility with funds advised by Appian Capital Advisory Limited, as well as equity financings through bought‑deal offerings, private placements, and flow‑through share issuances. News items also cover strategic portfolio actions, including the announced agreement to divest the San Antonio Gold Project to Axo Copper Corp., and investment transactions like acquiring units of Falco Resources Ltd.
Corporate updates may feature management and board changes, such as the appointment of a Vice President, Exploration, and the strengthening of the technical team to support Cariboo and other properties. Regular financial and operating results, furnished through press releases and regulatory filings, provide additional context on cash balances, project spending, and small‑scale production activities at the Tintic Project. For readers tracking ODV, this news page offers a centralized view of operational, technical, financial, and strategic announcements related to the company’s gold development activities.
Osisko Development Corp. announced the final drilling results from its 2021 exploration campaign at the Cariboo Gold Project in British Columbia. A total of 60,272 meters were drilled across 163 holes, revealing significant gold grades. Highlights include 24.55 g/t Au over 9.65 meters in hole IM-21-201 and 19.81 g/t Au over 9.80 meters in hole IM-21-184. The results confirm the continuity of mineralized vein corridors between the Shaft Zone and Valley Zone. The system remains open for further expansion down plunge, indicating a robust gold mineralization potential.
Osisko Development has filed a technical report for its newly acquired Tintic Project in Utah, following the 100% acquisition of Tintic Consolidated Metals Company on May 27, 2022. The project includes the operational Trixie Mine, producing approximately 45 tons per day. The report details geological findings, production history, and future exploration plans, with a significant 5.49 oz/t Au (188.23 g/t Au) grade identified in underground samples. Osisko aims to invest in further exploration and aims to release a mineral resource estimate by Q4 2022.
Osisko Development Corp. (ODV: TSX-V) announced a marketing agreement with Hybrid Financial Ltd. to enhance investor relations. This 12-month engagement includes a monthly fee of $15,000, with the option for automatic renewal. Hybrid aims to boost market awareness of Osisko and connect it with the investment community across North America. The agreement lacks performance incentives, and neither party holds any securities in the other. Osisko is focused on advancing its Cariboo Gold Project and aims to become a leading mid-tier gold producer.
Osisko Development Corp. (ODV) has reported final drilling results from the 2021 exploration at the Valley Zone of its Cariboo Gold Project in British Columbia. A total of 49,500 meters were drilled across 114 holes. Notable findings include high-grade assays such as 164.92 g/t Au over 10.50 m in hole CM-21-097 and 15.26 g/t Au over 14.40 m in hole CM-21-099. The Valley Zone contains an estimated 536,000 ounces of indicated gold resources and 235,000 ounces of inferred gold resources, marking a significant milestone in expanding known vein corridors.