Osisko Development Announces Exciting Drilling Results at Quesnel River Mine Prospect
MONTREAL, Feb. 03, 2025 – Osisko Development Corp. (ODV, ODV.V) is thrilled to share the outcomes of its 2024 initial exploration and historic data validation infill drill campaign at the Quesnel River Mine Prospect (QR Mine Prospect), which is part of the larger 100%-owned Cariboo Gold Project (Cariboo or the Project) in central British Columbia, Canada.
Significant Gold Discoveries
The Company’s recent drilling campaign has yielded impressive results, with several high-grade gold intercepts reported. For instance, drill hole QR24-128 encountered 1.5 meters of 11.3 g/t gold starting at a depth of 468 meters. Another noteworthy discovery was made in drill hole QR24-131, which returned 1.1 meters of 24.3 g/t gold starting at a depth of 398 meters. These findings confirm the presence of significant gold mineralization at the QR Mine Prospect.
Historic Data Validation
In addition to these new discoveries, Osisko Development also validated historic drilling data at the QR Mine Prospect. This re-evaluation of historical data has led to a better understanding of the mineralization patterns and the potential for further exploration. For example, the Company identified several historically drilled intervals that warrant re-examination, which could potentially lead to new discoveries.
Impact on the Local Community
These exciting discoveries could bring about significant economic opportunities for the local community in central British Columbia. The development of the QR Mine Prospect could lead to new job opportunities and increased revenue for local businesses. Furthermore, the mining industry is known to contribute positively to the local economy through taxes and royalties.
Global Implications
The gold discoveries at the QR Mine Prospect are not only important for the local community but also have wider implications. The global gold market has been experiencing a steady increase in demand, with investors seeking safe-haven assets. With the potential for further exploration and development at the QR Mine Prospect, Osisko Development could contribute significantly to the global gold supply.
Conclusion
Osisko Development’s recent drilling campaign at the QR Mine Prospect within the Cariboo Gold Project has yielded impressive gold discoveries and validated historic data. These findings could bring about significant economic opportunities for the local community and contribute positively to the global gold market. As the Company continues to explore and develop this prospect, it will undoubtedly capture the attention of investors and industry experts alike.
- Osisko Development reports significant gold discoveries from QR Mine Prospect
- Historic data validation leads to better understanding of mineralization patterns
- Local community to benefit from potential job opportunities and increased revenue
- Global gold market could see increased supply from the QR Mine Prospect
