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Osisko Development extends high-grade gold mineralization beyond 700m depth at Cariboo project.

Market News
08 Jul 2026
GlobeNewsWire
View Source
Bullish
pluang ai news

Osisko Development Corp. announced new drilling results from its Cariboo Gold Project in British Columbia, revealing high-grade gold mineralization extending beyond 700 meters vertical depth, well below the current average depth of 350 meters. The drilling program intercepted significant gold grades, including 13.19 g/t over 3.60 m at 596 m depth and 28.90 g/t over 0.50 m at 718 m depth, confirming strong potential for resource growth in previously underexplored zones. The company continues drilling with five rigs targeting depths up to 800 meters, aiming to expand the mineral resource within the project's permitted footprint. This progress supports Osisko's goal to develop Cariboo into an intermediate gold producer with substantial upside potential.

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