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. develops North American gold assets, led by the fully permitted, 100%-owned Cariboo Gold Project in central British Columbia. The company also reports on the Tintic Project in Utah, a brownfield property in the historic East Tintic mining district with exploration potential, historical mining data and established infrastructure.
Company news commonly covers Cariboo pre-construction, early works, underground development, water-treatment and site-activity updates, as well as Lowhee Zone infill drilling and exploration results. Other recurring developments include financial results, gold sales from small-scale Tintic activities, project financing, warrant exercises, equity incentive grants, index inclusion and management appointments tied to construction, permitting, exploration, compliance and commercial execution.
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.