Osisko Development Intercepts 13.61 g/t Gold Over 4.15 Meters in Initial Infill Drilling at QR Mine Prospect, Cariboo Gold Project

Core Insights - Osisko Development Corp. announced promising drilling results from its 2024 exploration campaign at the Quesnel River Mine Prospect, part of the Cariboo Gold Project in British Columbia, Canada [1][2] Exploration Results - The 2024 drill campaign included thirteen surface infill diamond drill holes totaling approximately 1,732 meters [3] - Significant assay highlights include: - 13.61 grams per tonne (g/t) gold over 4.15 meters in hole QRM-24-006, with a peak of 31.90 g/t Au over 1.50 meters - 5.98 g/t Au over 11.40 meters in hole QRM-24-010 - 4.27 g/t Au over 12.00 meters in hole QRM-24-013 - 14.10 g/t Au over 3.55 meters in hole QRM-24-009, including 18.55 g/t Au over 0.95 meters [5][13][15] Historical Data Validation - The company is reviewing a historical drill database comprising over 130,000 meters of drilling from more than 1,300 drill holes conducted by previous owners between the late 1970s and 2000s [5][7] - The 2024 drill campaign aimed to validate and confirm the accuracy of historical exploration data, with results indicating consistency with historical mineralization [5][6] Future Exploration Strategy - A proposed follow-up geophysical survey will guide the next phase of exploration and target generation on the property [2][5] - Geophysical techniques, including induced polarization (IP) surveys, are expected to help narrow the search area for potential gold-rich zones [5][6] Project Background - The QR Mine Prospect is located approximately 58 kilometers southeast of Quesnel and was previously operated by Kinross Gold Corp. from 1994 to 1998, producing a total of 118,004 ounces of gold [7][8] - The mineralization at the QR deposit is associated with a diorite-monzonite intrusive body known as the QR stock, with historical mining operations focused on localized zones of gold skarn mineralization [8][22]