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Osisko Gold finds high-grade gold mineralization with open pit potential at Proserpine near Cariboo Project.

Market News
05 Aug 2026
GlobeNewsWire
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Bullish
Osisko Gold finds high-grade gold mineralization with open pit potential at Proserpine near Cariboo Project.

Osisko Gold Group announced promising drill results from its Proserpine target, 7 km from the Cariboo Gold Project in British Columbia. Highlights include high-grade gold intercepts such as 95.93 g/t over 4.6 m and 5.46 g/t over 8.6 m, indicating a significant new mineralized system with potential for open pit mining. The drilling expanded known mineralization to about 1 km by 0.5 km, with further drilling planned to explore and define the resource. This discovery could add substantial value to Osisko's flagship Cariboo project, which is already permitted and shovel-ready.

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