Osisko Development Corp. Provides Update on Infill Drilling at Cariboo Gold Project
Osisko Development Corp. (TSX: ODC) released a progress report on its 13,000‑meter Lowhee infill drilling program at the Cariboo Gold Project on 6 October 2025. The company announced that 2,279 meters of infill drilling have been completed in 24 boreholes since August 2025, representing approximately 17.5 % of the total program length.
Drilling Highlights
- Total infill drilling completed: 2,279 meters
- Number of boreholes drilled: 24
- Borehole spacing: 10 meters
- Program coverage: 17.5 % of the planned 13,000 meters
The update was issued through a formal press release and covered by multiple financial news outlets, including Finanznachrichten.de, Ad‑Hoc‑News.de, The Financial Post, GlobeNewswire, and Minenportal.de.
Resource Implications
The company highlighted that the presence of highly‑graded pegmatite within and adjacent to the modeled reserve drifts is encouraging. This observation supports the value of systematic underground infill drilling, which is expected to refine the resource estimate and improve mine planning for the Cariboo Gold Project.
Market Context
Osisko Development Corp. trades on the TSX Venture Exchange under the ticker ODC. As of 2 October 2025, the closing price was CAD 4.72. The stock’s 52‑week range is CAD 1.64 to CAD 4.99, and its market capitalization is approximately CAD 1.11 billion. The company’s price‑earnings ratio is negative at –4.04, reflecting its status as a development‑stage gold producer.
Summary
Osisko Development Corp.’s recent drilling update confirms that the company is progressing steadily through its Lowhee infill program. The completed work provides valuable data on the gold concentration and geological continuity of the Cariboo deposit, which will inform subsequent resource modelling and feasibility studies. The company will continue to report on drilling milestones and resource outcomes as the program advances toward its final target of 13,000 meters.
