Monitor the updated block model results expected in Q2 2026 for potential resource/reserve upgrades. The high-grade intercepts support the project's development thesis but do not change near-term production timelines.
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Executive Summary
Osisko Development Corp. announced the completion of a 13,684-meter infill drilling program at its Cariboo Gold Project, reporting high-grade gold intercepts including 44.68 g/t Au over 1.5m and 31.64 g/t Au over 2.0m. The results support resource conversion and potential reserve stope additions, with an updated block model expected in Q2 2026.
Key Facts
- 13,684 m of grid infill drilling completed on 10-m spacing in 142 drill holes, representing the entirety of the planned Appian infill program
- Highlight intercepts include 44.68 g/t Au over 1.5 m (incl. 133.62 g/t Au over 0.5 m) and 31.64 g/t Au over 2.0 m (incl. 125.24 g/t Au over 0.5 m)
- 2,995 m of additional infill and near mine exploration drilling completed at Lowhee Zone
- Reconciliation work on updated localized block model underway, with final results anticipated in Q2 2026
- Lowhee Zone probable mineral reserves: 104,491 oz Au (923,162 tonnes at 3.52 g/t Au), ~5% of total Cariboo Gold Project reserves
- Cariboo Gold Project total probable mineral reserves: 2.071 million oz Au (17,815 kt at 3.62 g/t Au)
Financial Impact
No financial figures provided; drilling results may support resource conversion and reserve growth at the Cariboo Gold Project
Risk Factors
- Drilling results are exploratory and do not guarantee economic extraction
- Updated block model may not confirm resource conversion or reserve additions
- Project remains in feasibility stage with no production revenue
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001171843-26-004011 |
| Document: f6k_060926.htm | 0001171843-26-004011 |
| Document: 0001171843-26-004011-index-headers.html | 0001171843-26-004011 |
| Document: 0001171843-26-004011-index.html | 0001171843-26-004011 |
| Document: 0001171843-26-004011.txt | 0001171843-26-004011 |
Filters
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Jun 9, 2026 19w ago | 6-K | $0.1150 $0.0600 | ▼ −47.83% | ▼ −51.45% | — |
Jun 2, 2026 20w ago | 6-K | $0.2756 $0.2756 | · 0.00% | ▲ +1.00% | — |
Jun 1, 2026 21w ago | 6-K | $0.2756 $0.0602 | ▲ +78.16% | ▲ +76.86% | — |
May 28, 2026 21w ago | 6-K | $0.2756 $0.0601 | ▼ −78.19% | ▼ −75.05% | — |
May 26, 2026 21w ago | 6-K | $0.2756 $0.2756 | · 0.00% | ▲ +1.90% | — |
May 21, 2026 22w ago | 6-K | $0.2756 $0.2756 | · 0.00% | ▼ −1.42% | — |
May 19, 2026 22w ago | 6-K | $0.2756 $0.1000 | ▼ −63.72% | ▼ −64.70% | — |
May 4, 2026 25w ago | 6-K | $0.2756 $0.2756 | · 0.00% | ▼ −4.95% | — |
Apr 27, 2026 26w ago | 6-K | $0.2756 $0.2756 | · 0.00% | ▼ −5.47% | — |
Mar 27, 2026 30w ago | 6-K | $0.2756 $0.2756 | · 0.00% | ▼ −12.60% | — |
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