Osisko Development Corp - ODV STOCK NEWS

Osisko Development (NYSE: ODV) has announced promising results from its 2024 initial exploration and infill drill campaign at the QR Mine Prospect within its 100%-owned Cariboo Gold Project in British Columbia. The program, consisting of thirteen surface diamond drill holes totaling 1,732 meters, yielded significant gold intersections including 13.61 g/t gold over 4.15 meters and 5.98 g/t gold over 11.40 meters.

The campaign aimed to validate historical exploration data from previous owners' work conducted between the 1970s and 2000s, comprising over 130,000 meters of drilling in more than 1,300 drill holes. The new results appear consistent with historical mineralization at the QR Mine, providing preliminary validation for using historic data in future exploration.

The company plans to conduct geophysical surveys, including induced polarization (IP), to identify potential drilling targets, particularly given the quaternary till cover in the area. The existing aerial magnetic survey has highlighted the QR stock and several magnetic anomalies that could indicate related intrusive bodies.

Osisko Development (NYSE: ODV, TSXV: ODV) has announced key management changes, appointing David Rouleau as Vice President, Project Development. This appointment supports the company's focus on developing its 100%-owned Cariboo Gold Project in central British Columbia. The company also announced the immediate departure of Éric Tremblay, Chief Operating Officer, who is leaving to pursue other opportunities in the mining sector.

Rouleau, who brings over 35 years of operational and management experience, will provide senior leadership during the transition period until a permanent COO is appointed. His extensive background includes roles at Victoria Gold, Barkerville Gold Mines, Taseko Mines, and Teck Cominco. The company has initiated an executive search for the COO position and will provide updates accordingly.

Osisko Development Corp. (NYSE: ODV, TSXV: ODV) has granted 80,000 deferred share units (DSUs) to independent director Mr. Stephen Quin, following his recent appointment to the company's board of directors on December 5, 2024. The DSUs were issued in accordance with the company's DSU plan, which can be accessed on Osisko Development's website.

Osisko Development (NYSE: ODV) has completed 100% of the underground development (approximately 1,172 meters) at its Cariboo Gold Project in British Columbia, Canada. The company is preparing to extract a 10,000 metric tonnes bulk sample from the Lowhee Zone, with blasting and extraction expected in the coming weeks.

Results from the bulk sample are anticipated in Q1 2025, supporting an optimized feasibility study scheduled for completion in Q2 2025. The extracted material will undergo ore sorter testing at Tomra's facility in Saskatoon and will be processed into concentrate, providing grade reconciliation data relative to the resource model and validating ore sorting assumptions.

CEO.CA Technologies, a subsidiary of EarthLabs and leading investor social network for junior resource and venture stocks, provided coverage from the Mines & Money @ Resourcing Tomorrow conference in London. The platform, established in 2012, serves millions of visitors annually as one of Canada's most popular free financial websites. As a media partner at global investor events, CEO.CA conducted interviews with mining industry executives, including Sean Roosen from Osisko Development (NYSE: ODV), Andrew Chubb from Awalé Resources, Jim Hesketh from Viva Gold Corp, and Edouard Gosselin from Kobo Resources.

Osisko Development Corp (NYSE: ODV, TSXV: ODV) announced the immediate resignation of Ms. Marina Katusa from the company's board of directors. The company expressed gratitude for her service as a director.

Osisko Development (NYSE: ODV) has secured Environmental Management Act permits for its 100%-owned Cariboo Gold Project in British Columbia, Canada. Combined with previously obtained BC Mines Act permits from November 20, 2024, the project is now construction and operation ready. The company expects to complete ongoing bulk sample and underground development work in Q1 2025, with an optimized feasibility study due in Q2 2025.

Full-scale construction could begin in second half of 2025, targeting completion by end of 2027, subject to final investment decision and project financing. The company received multiple permits including Mines Act permits for Mine Site Complex, Bonanza Ledge, and QR Mill, along with Environmental Management Act Permits for these facilities. Work continues with relevant ministries for transmission line construction approvals.

Osisko Development (NYSE: ODV, TSXV: ODV) has appointed Stephen Quin as an independent director to its board, effective immediately. Quin brings over 40 years of mining industry experience, including significant expertise in mine development, operations, and capital markets. His track record includes serving as President & CEO of Midas Gold Corp, President & COO of Capstone Mining, and President & CEO of Sherwood Copper.

Notable achievements include successfully permitting, funding, and constructing the Minto copper-gold mine in Yukon, Canada, on time and budget. Quin has led more than 30 project studies, raised over C$1 billion in financing, and been involved in M&A transactions exceeding C$750 million. He currently serves on the boards of Hot Chili , Bravo Mining Corp, and chairs TDG Gold Corp.

Osisko Development (NYSE: ODV) has received BC Mines Act permits for its 100%-owned Cariboo Gold Project in British Columbia, marking a important milestone for construction and operations. The project expects gold production up to 223,000 ounces annually during peak operations, with an initial 12-year mine life. The company plans to complete an optimized feasibility study in Q2 2025, with full-scale construction targeted to commence in second half 2025 and completion by end of 2027.

The project will create approximately 634 construction jobs and 488 operational positions, utilizing green hydroelectric power and innovative mining technologies. Environmental Management Act permits have been referred to authorities, with decisions expected shortly. The company is advancing discussions on various funding options for a comprehensive financing package.