From Financialpost · · 1m 20s
Osisko Gold Finds High Gold Grades in New Drills
Osisko Gold reports high-grade gold intercepts in new underground drilling at Cariboo Gold Project.
In brief
Osisko Gold reports high-grade gold intercepts in new underground drilling at Cariboo Gold Project. Osisko Gold found 7.28 g/t gold over 16.15 meters in new underground drilling at Cariboo Gold Project. Originally reported by Financialpost.
New Gold Intercepts
Osisko Gold reported 7.28 g/t gold over 16.15 meters at ~105 m vertical depth in Lowhee Zone underground drilling.
“7.28 g/t Au over 16.15 m (~105 m vertical depth), including 173.66 g/t Au over 0.60 m”
Additional High-Grade Find
The drill also found 7.13 g/t gold over 11.60 meters at ~61 m vertical depth with multiple high-grade intervals.
“7.13 g/t Au over 11.60 m (~61 m vertical depth), including 62.06 g/t Au over 0.50 m”
Drilling Program Details
Osisko completed 3,933 meters in 36 holes from the 1290 m level in Lowhee Zone of Cariboo Gold Project.
“3,933 m of new infill drilling in 36 holes from the Lowhee Zone 1290 m level”
Drill Results Summary
The program includes multiple high-grade intercepts with some intervals exceeding 100 g/t gold.
“173.66 g/t Au over 0.60 m, 62.06 g/t Au over 0.50 m, 31.88 g/t Au over 0.80 m”
Project Status
Cariboo Gold Project is under construction in central British Columbia, Canada with ongoing underground development.
“currently under construction in central British Columbia, Canada”
Corporate Update
Osisko awarded underground mine development contract to JDS Energy & Mining Inc. effective October 5, 2026.
“awarded the continuing underground mine development and related works contract to current contractor JDS Energy & Mining Inc.”
Equity Incentives
Osisko granted 72,700 stock options and 553,700 restricted share units to newly hired senior officers and employees.
“72,700 stock options of the Company and 553,700 restricted share units of the Company”
Drill Results
Additional intercepts include 9.40 g/t gold over 8.50 meters at ~72 m vertical depth and 29.30 g/t gold over 2.10 meters.
“9.40 g/t Au over 8.50 m at ~72 m vertical depth in BMU-26-076”
What Happens Next
Osisko continues underground infill drilling to strengthen confidence in Lowhee Zone resource potential.
“Ongoing underground infill drilling continues to strengthen our confidence in the Lowhee Zone of the Cariboo Gold deposit”
What matters most
Osisko Gold found 7.28 g/t gold over 16.15 meters in new underground drilling at Cariboo Gold Project.
