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 Corp announced the filing of an independent NI 43-101 Technical Report for the San Antonio Project on SEDAR. The report, prepared by Micon International Inc., supports the results of the recently published Mineral Resource Estimate. Qualified persons for the report include geologists from both Servicios Geológicos IMEx and Micon International. The company aims to advance its Cariboo Gold Project and other properties in North America, positioning itself as a leading mid-tier gold producer.
Osisko Development Corp. has announced compelling results from its underground exploration at the Tintic Project and Trixie Mine in Utah, revealing high-grade gold and silver mineralization. Notably, a sample from site 913 showed an impressive 79.45 oz/t Au and 6.27 oz/t Ag over 5.5 ft. Significant potential exists to expand mineralization, with ongoing drilling efforts aimed at establishing an initial resource estimate by Q4 2022. The project spans over 17,000 acres and includes a strong base for mining activity alongside cautious operational adjustments.
Osisko Development Corp. (ODV) announced a significant agreement with Williams Lake First Nation and its subsidiary Barkerville Gold Mines Ltd. to advance the Cariboo Gold Project. This agreement fosters a collaborative relationship aimed at sustainable development within WLFN’s traditional territory. It emphasizes economic reconciliation and environmental stewardship while granting WLFN meaningful participation opportunities. Although specific terms remain confidential, the agreement aims to ensure the project operates with WLFN's consent and support, which is pivotal for community engagement and long-term success.
Osisko Development Corp. (ODV) announced the grant of 765,500 stock options to company officers with an exercise price of $6.49, vesting over three years. Additionally, it awarded 584,300 restricted share units (RSUs) and 96,200 deferred share units (DSUs) to directors. Laurence Farmer was appointed General Counsel and Corporate Secretary, effective July 1, 2022, succeeding André Le Bel. The company continues to advance its Cariboo Gold Project and aims to become a mid-tier gold producer.
Osisko Development Corp. (ODV) announced an initial open pit resource estimate for its San Antonio Project in Mexico. The Indicated Mineral Resource includes 576,000 ounces of gold and 1.37 million ounces of silver, while the Inferred Mineral Resource comprises 544,000 ounces of gold and 1.76 million ounces of silver. The estimate is based on 84,454 meters of drilling across multiple deposits and identifies significant potential for further resource development through ongoing drilling. This marks a substantial milestone in advancing Osisko's objectives for near-term production.
Osisko Development Corp. reported production of 25,043 ounces of gold from the Trixie Mine since operations began in June 2020. The Tintic Project includes over 17,000 acres in Utah, with significant underground exploration completed. As of June 2022, improvements have led to a gold recovery rate increase from less than 25% to 74%. The company aims for further production growth through disciplined exploration and infrastructure development.
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.