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Osisko Development Intersects 19.81 g/t Au over 9.80 meters at Cariboo Gold Project, Shaft Zone
MONTREAL, June 22, 2022 (GLOBE NEWSWIRE) -- Osisko Development Corp. (“Osisko Development” or the “Company”) is pleased to announce the remaining and final dril
About this update from Osisko Development Corp
[{"type":"text","content":" MONTREAL, June 22, 2022 (GLOBE NEWSWIRE) -- Osisko Development Corp. (“Osisko Development” or the “Company”) is pleased to announce the remaining and final drilling results from the 2021 exploration and category conversion drill campaign of its Cariboo Gold Project (“Cariboo”) in central British Columbia. Summary Results released below are from holes IM-21-155 to IM-21-203. Figures 1 and 2 illustrate drillhole location maps. A total of 60,272 meters were drilled in 163 holes at the Shaft Zone on Island Mountain in 2021. A total of 10,355 m were drilled in 40 holes at Mosquito Creek on Island Mountain. The final Mosquito Results were reported in a news release on December 7, 2021. All holes reported were collared on Shaft Zone, and six holes intersected the Valley Zone deposit at depth, on the east side of the Jack of Clubs fault. See Figure 2 for deposit outlines and Table 1 for detailed results. Shaft Zone highlights include 19.81 g/t Au over 9.80 meters in hole IM-21-184 including a high grade sample of 193.00 g/t Au over 0.90 meter. Drillhole IM-21-201, collared on Shaft Zone, but drilling through to Valley zone at a depth of 391 meters down hole (250 meters from surface) intersected a mineralized vein corridor at Valley that assayed 24.55 g/t Au over 9.65 meters including a high grade sample of 224.00 g/t Au over 0.55 meters. Additional high grade samples include 101.00 g/t Au over 0.50 meter, 159.00 g/t Au over 0.55 meter, 105.00 g/t Au over 0.50 meter, 104.00 g/t Au over 0.50 meter, 130.00 g/t Au over 0.80 meter, 102.50 g/t Au over 0.55 meter and 187.00 g/t Au over 0.60 meter. The drill results show continuity of vein corridors from Shaft Zone to Valley Zone along the south east of Shaft, at depth and down plunge into Valley Zone. The Shaft and Valley Zones are separated by the Jack of Clubs fault however mineralized vein corridors are continuous across the fault within the prospective sandstone unit. Detailed drilling results and a drill hole location plan map are presented at the end of this release. Assay Highlights 85.35 g/t Au over 1.00 meter in hole IM-21-155 including 101.00 g/t Au over 0.50 meter 18.80 g/t Au over 6.70 meters in hole IM-21-159 including 159.00 g/t Au over 0.55 meter 39.87 g/t Au over 1.65 meters in hole IM-21-159 including 53.50 g/t Au over 1.15 meters 33.44 g/t Au over 2....