Osisko Development Reports High-Grade Gold Intercepts from Cariboo Gold Project Drilling
ODV sits 24% above its 52-week low of $1.97.
Summary
Osisko Development reported high-grade gold intercepts from its infill drilling program at the Cariboo Gold Project, which will be used to update its resource model and potentially expand reserves.
Key Events · Product Development and Regulatory · ODV
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High-Grade Gold Intercepts
The company reported highlight intercepts including 44.68 g/t Au over 1.5 meters (including 133.62 g/t Au over 0.5 meters) and 31.64 g/t Au over 2.0 meters (including 125.24 g/t Au over 0.5 meters).
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Infill Drilling Program Completed
Osisko Development completed a 13,684-meter grid infill drilling program and an additional 2,995 meters of infill and near-mine exploration drilling at the Lowhee Zone of its Cariboo Gold Project.
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Impact on Resource Modeling
The new results will be incorporated into an updated localized block model and mineral resource calculation, with final results anticipated in Q2 2026, potentially supporting new planned reserve stopes.
Analysis · ODV · Energy & Transportation
Osisko Development announced strong infill and near-mine exploration drilling results from its flagship Cariboo Gold Project. The high-grade gold intercepts, including 133.62 g/t Au over 0.5 meters, are significant for resource definition and are expected to contribute to an updated localized block model and mineral resource calculation. This could lead to potential adjustments and additions to planned reserve stopes, enhancing the project's value.
At the time of this filing, ODV was trading at $2.44 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $743.2M. The 52-week trading range was $1.97 to $4.80. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.