BIG HILL

Osisko Development Reports First Quarter 2024 Results

Retrieved on: 
Tuesday, May 7, 2024
MRE, Progress, National bank, Project, Environment, News, Environmental resource management, Gold, Dragon (magazine), Process, Engineering, Rehabilitation, Government, National Bank of Canada, Sale, Diamond, JPA, Cow urine, Line of credit, ODV, Mining, Credit

MONTREAL, May 06, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports its financial and operating results for the three months ended March 31, 2024 ("Q1 2024").

Key Points: 
  • (All monetary references are expressed in Canadian dollars, unless otherwise indicated)
    MONTREAL, May 06, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports its financial and operating results for the three months ended March 31, 2024 ("Q1 2024").
  • During the quarter, US$25.0 million ($33.9 million) was drawn under the Credit Facility, net of US$0.7 million ($0.9 million) of fees.
  • During Q1 2024, the Company disclosed the remaining assay results from 14 diamond drilling holes and chip samples from new development areas as part of its 2023 exploration program at Trixie.
  • On April 26, 2024, the Company announced the filing of the Tintic Technical Report (as defined herein) on the 2024 Trixie MRE.

Osisko Development Reports Fourth Quarter And Year-End 2023 Results

Retrieved on: 
Friday, March 29, 2024
Carbon, First Nations, Funding, Biophysical environment, International Financial Reporting Standards, Health, Sale, Diamond, Bank statement, Environment, ODV, International, National Bank of Canada, MRE, Line of credit, Public expenditure, Climate change, AG, Technical report, EAO, Cow urine, Rehabilitation, Environmental impact assessment, News, Dragon (magazine), Credit, Lithium, Sustainable development, Project, Engineering, Mining, Gold, Progress, National bank, Government, EEM

MONTREAL, March 28, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports its financial and operating results for the three and twelve months ended December 31, 2023 ("Q4 2023").

Key Points: 
  • (All monetary references are expressed in Canadian dollars, unless otherwise indicated)
    MONTREAL, March 28, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports its financial and operating results for the three and twelve months ended December 31, 2023 ("Q4 2023").
  • 2,090 ounces of gold sold by the Company from operating activities in the fourth quarter (10,743 ounces of gold sold in 2023), comprising of:
    $6.9 million in revenues ($31.6 million in 2023) and $6.4 million in cost of sales ($32.3 million in 2023) generated from operating activities in the fourth quarter.
  • After giving effect to the Financing, Osisko Development and O3 Mining hold approximately 47% and 12%, respectively, of the outstanding EEM shares.
  • Assay results for all remaining drill holes from the 2023 exploration program were released on February 22, 2024 (see Subsequent to Q4 2023).

Osisko Development Intercepts 610 g/t Gold Over 0.46 Meters in Underground Drilling at Trixie, Tintic Project

Retrieved on: 
Thursday, February 22, 2024
News, ODV, Face, MRE

This news release includes assays from fourteen underground diamond drill ("DD") holes (see Table 1).

Key Points: 
  • This news release includes assays from fourteen underground diamond drill ("DD") holes (see Table 1).
  • Select assay highlights include:
    In 2023, the company completed a total of 6,028 m (19,776 ft) of underground drilling in 73 DD holes at Trixie.
  • Assays have now been received for all 2023 holes testing the Trixie high sulphidation epithermal Au-Ag targets.
  • The Trixie MRE will include all underground drilling and chip sample assays from the 2023 program.

Osisko Development Reports Exploration Results at Trixie and Outlines 2023 Drill Program at Tintic Project

Retrieved on: 
Wednesday, May 17, 2023
Vein, Table, 3D, Silver, Mineralization, RC, ODV, DD, NYSE, News, Uranium mining, Sintering, Mining, East Tintic Mountains

MONTREAL, May 17, 2023 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce new 2023 underground diamond drilling ("DD") results at its 100%-owned Trixie test mine ("Trixie"), within the Company's wider Tintic Project ("Tintic" or the "Tintic Project") and to provide an overview of the ongoing 2023 exploration program at Tintic, located in the historic East Tintic Mining District in central Utah, U.S.A.

Key Points: 
  • MONTREAL, May 17, 2023 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce new 2023 underground diamond drilling ("DD") results at its 100%-owned Trixie test mine ("Trixie"), within the Company's wider Tintic Project ("Tintic" or the "Tintic Project") and to provide an overview of the ongoing 2023 exploration program at Tintic, located in the historic East Tintic Mining District in central Utah, U.S.A.
  • In addition, the Company is also reporting the remaining DD and reverse circulation drilling ("RC") results from its 2022 exploration program.
  • Chris Lodder, President of Osisko Development, commented, "The underground diamond drilling results from this year's drill campaign continue to generate targets and understanding of the epithermal veins and breccias at Trixie.
  • The 2023 exploration program consists of an initial ~5,000 m (16,400 ft.) of underground exploration and delineation drilling of the current Trixie MRE.

Tintic Consolidated Metals Seeks Strategic Partner for Porphyry Copper Exploration

Retrieved on: 
Tuesday, April 13, 2021

b'EAST TINTIC DISTRICT, Utah, April 13, 2021 (GLOBE NEWSWIRE) -- Tintic Consolidated Metals LLC (\xe2\x80\x9cTCM\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) is pleased to announce it is actively seeking a strategic partner to carry out large-scale Porphyry Copper Exploration and Development in the East Tintic District of Utah, which features:\nKnown porphyry-style mineralization (Big Hill, SW Tintic)\nTintic Consolidated Metals LLC is seeking a strategic partner to earn-in to a joint venture for the exploration and development of a copper porphyry within TCM\xe2\x80\x99s extensive land package in the Tintic District of Utah.

Key Points: 
  • b'EAST TINTIC DISTRICT, Utah, April 13, 2021 (GLOBE NEWSWIRE) -- Tintic Consolidated Metals LLC (\xe2\x80\x9cTCM\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) is pleased to announce it is actively seeking a strategic partner to carry out large-scale Porphyry Copper Exploration and Development in the East Tintic District of Utah, which features:\nKnown porphyry-style mineralization (Big Hill, SW Tintic)\nTintic Consolidated Metals LLC is seeking a strategic partner to earn-in to a joint venture for the exploration and development of a copper porphyry within TCM\xe2\x80\x99s extensive land package in the Tintic District of Utah.
  • The Company has engaged Richard Leveille, the former President of Freeport McMoran Exploration Corporation, to lead and advise on this porphyry copper exploration process.\nThe process involves the execution of a confidentiality agreement, whereupon interested parties are given access to the Porphyry Copper Deposit (\xe2\x80\x9cPCD\xe2\x80\x9d) data base as well as an opportunity for a site visit.
  • Extensive historical and modern mining and exploration data has been compiled and is available in a digital database as well as on site.
  • TCM is a Joint Venture between IG Tintic LLC (IGT), the 75% owner and manager, and Chief Consolidated Mining Co. (Chief), which owns 25%.