TRIXIE

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 Announces Mineral Resource Update for the Trixie Deposit, Tintic Project

Retrieved on: 
Friday, March 15, 2024
Technical report, Mineral Resources Limited, Copper, Gold, News, G&A, Quartz, Disclosure, National instrument, Metallurgy, Fault, CIM, USD, Marketing, Table, CAD

Geologic modelling was completed by Osisko Development modeling geologist Jody Laing, P.Geo, using Leapfrog Geo software.

Key Points: 
  • Geologic modelling was completed by Osisko Development modeling geologist Jody Laing, P.Geo, using Leapfrog Geo software.
  • The 2024 Trixie MRE was completed by Osisko Development chief resource geologist, Daniel Downton, P.Geo using Datamine Studio RM 2.0 software.
  • William Lewis and Alan J. San Martin of Micon International Limited independently reviewed and validated the mineral resource model.
  • The 2024 Trixie MRE is comprised of six zones within the greater Trixie area: T2, T3, T4, Wild Cat, 40 Fault and 75-85.

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 Provides Update on Upcoming Year-End 2023 Results

Retrieved on: 
Wednesday, February 21, 2024
ODV, International, Gold, International Financial Reporting Standards, Mining, Bank statement, Public expenditure

MONTREAL, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces that it has undertaken a review of the carrying value of its assets in accordance with International Financial Reporting Standards (the "Impairment Analysis") as at December 31, 2023, as part of its fourth quarter and year-end 2023 financial results preparation.

Key Points: 
  • MONTREAL, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces that it has undertaken a review of the carrying value of its assets in accordance with International Financial Reporting Standards (the "Impairment Analysis") as at December 31, 2023, as part of its fourth quarter and year-end 2023 financial results preparation.
  • The asset impairment charge will be a non-cash item and, for the avoidance of doubt, will have no impact on Company cash flows.
  • The Impairment Analysis will be finalized and recognized in the Company's consolidated financial statements for the year ended December 31, 2023.
  • The Company anticipates releasing a new mineral resource estimate ("MRE") for the Trixie deposit in March 2024, and its fourth quarter and year-end 2023 operating and financial results at the end of March 2024.

Osisko Development Intercepts 443.64 G/T Gold Over 1.19 Meters in Underground Sampling at Trixie, Tintic Project

Retrieved on: 
Thursday, December 21, 2023
ODV, AG, MRE, News, Face, Mining

Of these, 35 faces had samples with greater than 1.0 grams per tonne ("g/t") gold ("Au") or greater than 50.0 g/t silver ("Ag") values (see Table 1).

Key Points: 
  • Of these, 35 faces had samples with greater than 1.0 grams per tonne ("g/t") gold ("Au") or greater than 50.0 g/t silver ("Ag") values (see Table 1).
  • This news release includes assays from eight underground diamond drill ("DD") holes (see Table 2).
  • Select assay highlights include:
    In 2023, the company completed a total of 6,447 m (21,151 ft) of underground drilling in 73 DD holes at Trixie.
  • One diamond drill rig is currently active underground testing a copper-gold porphyry target, Trixie West, below the Trixie deposit.

Osisko Development Commences Surface Exploration Drill Campaign on Copper-Gold Porphyry Targets at Tintic Project

Retrieved on: 
Wednesday, December 6, 2023
National instrument, ODV, Government, MRE, Silver, Bingham Canyon Mine, Carbonate, News, 3D, Technical report, National Instrument 43-101, Mining

MONTREAL, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce the commencement of an initial surface diamond drilling exploration campaign to test for copper-gold-molybdenum porphyry mineralization potential, at the Company’s Big Hill target area (Figure 2), at its 100% owned Tintic Project ("Tintic" or the "Tintic Project"), located in the historic East Tintic Mining District in central Utah, U.S.A.

Key Points: 
  • MONTREAL, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce the commencement of an initial surface diamond drilling exploration campaign to test for copper-gold-molybdenum porphyry mineralization potential, at the Company’s Big Hill target area (Figure 2), at its 100% owned Tintic Project ("Tintic" or the "Tintic Project"), located in the historic East Tintic Mining District in central Utah, U.S.A.
  • Sean Roosen, Chairman and CEO of Osisko Development, commented, "With the surface drill permits in hand, we are very excited to start drilling high-priority targets on the Tintic property for copper-gold porphyry potential at depth.
  • The Tintic District, located 65 kilometers (40 miles) from Rio Tinto's Bingham Canyon Mine, has historically been recognized as an area prospective for porphyry style copper-gold-molybdenum mineralization.
  • A 3D model and virtual site tour of Trixie and the wider Tintic Project is accessible on the Company's VRIFY page at: https://vrify.com/decks/12801 .

Osisko Development Intercepts 361.93 g/t Gold Over 1.10 Meters (10.56 oz/t Gold Over 3.60 Feet) in Underground Sampling at Trixie, Tintic Project

Retrieved on: 
Wednesday, September 13, 2023
Human, Face, Silver, East Tintic Mountains, MRE, Gold, ODV, News, NYSE, Safety, Uranium mining, Silviculture

This news release includes assays from 41 underground exploration face, back and rib chip sample strings in development at Trixie (refer to Table 1).

Key Points: 
  • This news release includes assays from 41 underground exploration face, back and rib chip sample strings in development at Trixie (refer to Table 1).
  • Selected assay highlights include:
    Sampling on the 625 ft-level focussed on development to the north towards the Trixie fault and the 756 vein.
  • Samples collected near the Trixie decline focussed on a new crosscut west towards the T2 structure at the 600 ft-level.
  • Samples are collected in feet and assays are reported in grams per tonne and troy ounce per short ton gold and silver.

Osisko Development Intercepts 65 Grams Per Tonne Gold Over 4.57 Meters in Underground Drilling at Trixie, Tintic Project

Retrieved on: 
Tuesday, July 18, 2023
Human, T4, Face, Silver, East Tintic Mountains, Gold, ODV, News, NYSE, Safety, Uranium mining, Mining

This enables us to start to plan underground development in those areas for future resource delineation and category conversion.

Key Points: 
  • This enables us to start to plan underground development in those areas for future resource delineation and category conversion.
  • Select assay highlights include:
    This news release includes assays from 55 underground exploration face, back and rib chip samples from 20 chip strings in development at Trixie (refer to Table 2).
  • The exploration results will indicate the extent of the mineralized structures and will assist in the direction of future underground exploration development.
  • Samples are collected in feet and assays are reported in grams per tonne and troy ounce per short ton gold and silver.

Osisko Development Reports Underground Sampling Results at Trixie, Tintic Project

Retrieved on: 
Tuesday, June 27, 2023
Human, East Tintic Mountains, News, NYSE, ODV, Uranium mining, Road

MONTREAL, June 27, 2023 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce underground sampling results from its ongoing exploration program at its 100%-owned Trixie test mine ("Trixie"), within the Company's wider Tintic Project ("Tintic" or the "Tintic Project"), located in the historic East Tintic Mining District in central Utah, U.S.A.

Key Points: 
  • MONTREAL, June 27, 2023 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce underground sampling results from its ongoing exploration program at its 100%-owned Trixie test mine ("Trixie"), within the Company's wider Tintic Project ("Tintic" or the "Tintic Project"), located in the historic East Tintic Mining District in central Utah, U.S.A.
    Chris Lodder, President of Osisko Development, commented, "The underground face chip sampling at Trixie continues to define mineralized zones, namely below the main 625 level and into the 750 level at Trixie, and further to the south of the deposit closer to the Sioux Ajax fault within our current drill areas.
  • These results will assist in furthering our knowledge of the extents of the deposit and improve our targeting in our underground exploration program at Trixie."
  • This news release includes assays from 444 underground exploration face, back and rib chip samples from 130 chips strings in development at Trixie (refer to Table 1).
  • Select assay highlights include:
    A total of 444 underground exploration face, back and rib chip samples were collected in 130 chips strings in development at Trixie.