MONTREAL, Nov. 01, 2022 (GLOBE NEWSWIRE) — Osisko Development Corp. (“Osisko development” or the “company“) TSX is pleased to provide a corporate update on its 100% owned Tintic, Cariboo Gold and San Antonio projects.
As of September 30, 2022, Osisko Development has produced 19,874 ounces of gold (“Ouch“) from his three projects.
Tintic Project Highlights (Utah, USA):
- 5,353 ounces of gold at an average grade of 0.91 oz/t Au (31.3 g/t Au) since the date of acquisition from Osisko Development (“acquisition“) by Tintic on May 27, 2022.
- 4,022 tonnes of ore was mined and 2,613 tonnes processed by on-site vat leaching.
- 1,342 feet (409 meters) of portal and ramp construction completed (~25% complete).
- 20,000 feet (6,096 meters) reverse circulation (“RC“) drilling and 1,898 feet (622 meters) of diamond drilling since the date of acquisition and four drill rigs currently operating.
Highlights of the Cariboo Project (BC, Canada):
- Produced 7,163 ounces of gold at an average grade of 6.50 g/t Au from the Bonanza Ledge Test Mine in 2022 from 53,352 tonnes of milled ore.
- Final Environmental Impact Assessment documents for the Cariboo Gold Project have been submitted and are undergoing final review by the provincial government.
Project Highlights of San Antonio (Sonora, Mexico):
- 7,358 ounces of gold sold in 2022 from the San Antonio heap leach pad.
- 1.1 million tonnes averaging 0.58 g/t Au were placed on the heap leach pad.
Tintic Project (Utah, USA)
Osisko Development Announces Acquisition of Tintic…
