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Osisko Development Launches Fully-Funded 70,000-Meter Exploration Drilling Campaign Targeting New Discoveries at Cariboo Gold Project
HIGHLIGHTS 1 Fully-funded 70,000-meter exploration drill program launched with two ...
About this update from Osisko Development Corp
[{"type":"text","content":"Osisko Development Launches Fully-Funded 70,000-Meter Exploration Drilling Campaign Targeting New Discoveries at Cariboo Gold Project\n\n\n\n\n HIGHLIGHTS\n \n\n 1\n \n\n\n\n\n Fully-funded 70,000-meter exploration drill program launched with two drill rigs already operating at the Cariboo Gold Project site, and ramping up to six drill rigs as the program advances through the end of 2026\n \n\n\n\n Priority exploration targets and initial planned drilling:\n \n\n\n\n Cariboo Deep (~10,000 m, 11 holes)\n \n – targeting areas at depth beneath the existing deposit within the permitted Cariboo Gold Project mine plan boundary. Total existing mineral reserves and resources at CGP include 2.07 Moz Au of probable reserves (17.8 Mt at 3.62 g/t Au), 1.61 Moz Au of measured and indicated resources (17.4 Mt at 2.88 g/t Au) and 1.86 Moz Au of inferred resources (18.8 Mt at 3.09 g/t Au)\n \n 2\n \n\n\n\n Proserpine Mountain (~20,000 m, >30 holes)\n \n – high-priority regional exploration target to the southeast along strike from the Cariboo deposit area with open-pit potential\n \n\n\n Barkerville Mountain\n \n – located immediately southeast along strike of the Cariboo deposit\n \n\n\n Other targets and drill meters\n \n to be defined and informed by exploration success\n \n\n\n\n\n Preliminary exploration progress update expected to be provided in Q2 2026\n \n\n\n\n MONTREAL, Dec. 08, 2025 (GLOBE NEWSWIRE) --\n \n Osisko Development Corp.\n \n (NYSE: ODV, TSXV: ODV) (\"\n \n Osisko Development\n \n \" or the \"\n \n Company\n \n \") is pleased to announce it has commenced a multi-faceted fully-funded 70,000-meter exploration drilling campaign aimed at targeting new discoveries at the Company's permitted, 100%-owned Cariboo Gold Project (\"\n \n CGP\n \n \" or the \"\n \n Project\n \n \"), located in central British Columbia (\"\n \n B.C.\n \n \"), Canada.\n \n\n\n Chris Lodder, President, stated\n \n ,\n \n \"We're keen to launch a solid exploration program at the Cariboo project that will have multiple exploration drill rigs operating through the end of 2026 across Proserpine, Barkerville Mountain, Cariboo Deep and other regional exploration targets. Importantly, many of these prospects are within a stone's throw of the existing Cariboo deposit and exploration drilling below the existing Cariboo deposit offers an op...