Osisko Launches 70,000-Meter Exploration Program Targeting Resource Expansion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 08 2025
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Should l Buy ODV?
Source: Newsfilter
- Exploration Program Launch: Osisko Development has initiated a fully-funded 70,000-meter exploration drilling campaign at the Cariboo Gold Project, ramping up from two to six drill rigs by the end of 2026, aimed at discovering new gold resources and enhancing the company's competitive position in the gold mining market.
- Priority Targets Defined: The first phase will focus on Cariboo Deep and Proserpine Mountain, with planned drillings of 10,000 meters and 20,000 meters respectively; the former aims to test the potential extensions beneath the existing deposit, while the latter may become a larger open-pit target, significantly increasing resource reserves.
- Resource Potential Assessment: The Cariboo Gold Project currently hosts confirmed mineral reserves of 2.07 million ounces of gold, and the implementation of this exploration program will help further assess the potential for mineralization at depth, potentially laying the groundwork for future resource growth.
- Regional Expansion Strategy: This exploration initiative not only covers the Cariboo Gold Project but also targets Barkerville Mountain and other regional prospects, showcasing the vast potential within the underexplored Cariboo Gold trend, which is expected to yield long-term returns for shareholders.
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Analyst Views on ODV
Wall Street analysts forecast ODV stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 3.760
Low
5.76
Averages
6.12
High
6.48
Current: 3.760
Low
5.76
Averages
6.12
High
6.48
About ODV
Osisko Development Corp. is a continental North American gold development company focused on past-producing mining camps. Its projects include Cariboo Gold Project and Tintic Project. The Cariboo Gold Project is a 100% owned gold and silver project covers an area of over 192,000 hectares (ha) land package and it is located in British Columbia, Canada. The Tintic Project is an exploration and development stage precious and base metal property, located in western Utah County, 95 south of Salt Lake City. The Tintic Project encompasses the East Tintic District with 23 past-producing mines and includes the Trixie gold deposit, one of several gold and base metal targets, including porphyry, epithermal and carbonate targets within the project boundaries. Its James Bay Properties cover approximately 86,000 ha in northern Quebec Canada. Its exploration metals include lithium and precious metals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Osisko Development Announces New Infill Drilling Results
- Drilling Progress: As of February 11, 2026, Osisko Development has completed 11,025 meters of infill drilling at its Cariboo Gold Project's Lowhee Zone, representing approximately 80% of the planned 13,000 meters, which will provide more precise data for future resource modeling.
- High-Grade Gold Discoveries: The latest drilling results include a highlight from hole BMU-25-132, which showed 596.40 g/t gold, with a peak of 2,293.56 g/t at 6.6 meters downhole, significantly enhancing the economic potential of the area and potentially impacting future mining plans.
- Project Timeline: The infill drilling program is anticipated to conclude in early Q2 2026, and as drilling progresses, it is expected to further optimize production designs and sequencing, thereby improving overall operational efficiency.
- Resource Assessment Update: Approximately 12.1 kilometers of drilling has been completed, accounting for about 88% of the planned total, and this data will be used to update resource assessments, potentially supporting the addition of new reserves and enhancing the project's long-term value.
See More
Osisko Development Partners with JDS for Cariboo Gold Project Management
- Project Management Partnership: Osisko Development's wholly-owned subsidiary, Barkerville Gold Mines, has signed a Project and Construction Management Services Agreement with JDS Energy & Mining to advance the Cariboo Gold Project in British Columbia, indicating a more integrated approach to project delivery.
- Enhanced Management Expertise: JDS's extensive experience in project and construction management will provide additional capacity and structure for planning and execution at the Cariboo Gold Project, ensuring disciplined progress and enhancing Osisko's competitiveness in gold mining development.
- Company Background: Founded in 2004, JDS boasts a diverse team known for delivering tailored solutions, with a proven track record in executing projects on budget and on schedule, including past successes like the Minto Mine and Gahcho Kue Mine.
- Strategic Objectives: Osisko Development aims to become an intermediate gold producer, with the Cariboo Gold Project as its flagship, fully permitted and 100%-owned, expected to significantly support the company's future growth and mineral inventory expansion.
See More
Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
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Osisko Development Appoints New VP of Permitting and Compliance
- New VP Appointment: Osisko Development has appointed Sarah Harrison as Vice President of Permitting and Compliance effective February 2, 2026, aiming to enhance the company's compliance capabilities within the western Canadian mining ecosystem and improve project management efficiency.
- Extensive Industry Experience: Harrison brings over 13 years of experience in environmental assessment, reclamation, and regulatory compliance, having managed major permit amendments for large-scale mining projects, ensuring smooth project progression.
- Previous Role Background: Prior to joining Osisko, Harrison served as Project Manager at JDS Energy & Mining, overseeing compliance in the Environmental Division, and held the position of Environmental Manager at Artemis Gold's Blackwater Gold Mine, accumulating significant hands-on experience.
- Company Development Strategy: Osisko Development focuses on developing gold projects with district-scale potential, aiming to become an intermediate gold producer through its 100%-owned Cariboo Gold Project, and Harrison's expertise will further drive the implementation of this strategy.
See More
Gold Prices Soar to New Heights, Exceeding $5,300 an Ounce Before FOMC Meeting
Market Surge: Spot gold prices have surged above $5,300, setting new records in the market.
FOMC Meeting Anticipation: The increase in gold prices comes ahead of the upcoming Federal Open Market Committee (FOMC) meeting.
See More
Osisko Development Completes Sale of San Antonio Gold Project
- Transaction Completion: Osisko Development has successfully sold its 100% interest in the San Antonio Gold Project located in Sonora, Mexico, receiving 15,325,841 Axo common shares, representing a 9.99% stake, thereby enhancing its capital base in gold mining development.
- Potential Earnings: The transaction includes future cash payments and stock options, with Osisko expected to receive $2 million in cash or up to 9,398,496 Axo shares upon Axo's public filing of a feasibility study, further improving the company's financial flexibility.
- Financing Conditions: Should Axo raise over $10 million in equity financing, Osisko will retain a 9.99% interest in Axo, reflecting the company's strategic positioning for future market opportunities and ensuring long-term benefits.
- Legal Support: Bennett Jones LLP acted as legal advisor to Osisko in this transaction, ensuring compliance and smooth execution, showcasing the company's expertise in navigating complex deals.
See More
Osisko Development Announces New Infill Drilling Results
- Drilling Progress: As of February 11, 2026, Osisko Development has completed 11,025 meters of infill drilling at its Cariboo Gold Project's Lowhee Zone, representing approximately 80% of the planned 13,000 meters, which will provide more precise data for future resource modeling.
- High-Grade Gold Discoveries: The latest drilling results include a highlight from hole BMU-25-132, which showed 596.40 g/t gold, with a peak of 2,293.56 g/t at 6.6 meters downhole, significantly enhancing the economic potential of the area and potentially impacting future mining plans.
- Project Timeline: The infill drilling program is anticipated to conclude in early Q2 2026, and as drilling progresses, it is expected to further optimize production designs and sequencing, thereby improving overall operational efficiency.
- Resource Assessment Update: Approximately 12.1 kilometers of drilling has been completed, accounting for about 88% of the planned total, and this data will be used to update resource assessments, potentially supporting the addition of new reserves and enhancing the project's long-term value.
See More
Osisko Development Partners with JDS for Cariboo Gold Project Management
- Project Management Partnership: Osisko Development's wholly-owned subsidiary, Barkerville Gold Mines, has signed a Project and Construction Management Services Agreement with JDS Energy & Mining to advance the Cariboo Gold Project in British Columbia, indicating a more integrated approach to project delivery.
- Enhanced Management Expertise: JDS's extensive experience in project and construction management will provide additional capacity and structure for planning and execution at the Cariboo Gold Project, ensuring disciplined progress and enhancing Osisko's competitiveness in gold mining development.
- Company Background: Founded in 2004, JDS boasts a diverse team known for delivering tailored solutions, with a proven track record in executing projects on budget and on schedule, including past successes like the Minto Mine and Gahcho Kue Mine.
- Strategic Objectives: Osisko Development aims to become an intermediate gold producer, with the Cariboo Gold Project as its flagship, fully permitted and 100%-owned, expected to significantly support the company's future growth and mineral inventory expansion.
See More
Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
See More
Osisko Development Appoints New VP of Permitting and Compliance
- New VP Appointment: Osisko Development has appointed Sarah Harrison as Vice President of Permitting and Compliance effective February 2, 2026, aiming to enhance the company's compliance capabilities within the western Canadian mining ecosystem and improve project management efficiency.
- Extensive Industry Experience: Harrison brings over 13 years of experience in environmental assessment, reclamation, and regulatory compliance, having managed major permit amendments for large-scale mining projects, ensuring smooth project progression.
- Previous Role Background: Prior to joining Osisko, Harrison served as Project Manager at JDS Energy & Mining, overseeing compliance in the Environmental Division, and held the position of Environmental Manager at Artemis Gold's Blackwater Gold Mine, accumulating significant hands-on experience.
- Company Development Strategy: Osisko Development focuses on developing gold projects with district-scale potential, aiming to become an intermediate gold producer through its 100%-owned Cariboo Gold Project, and Harrison's expertise will further drive the implementation of this strategy.
See More
Gold Prices Soar to New Heights, Exceeding $5,300 an Ounce Before FOMC Meeting
Market Surge: Spot gold prices have surged above $5,300, setting new records in the market.
FOMC Meeting Anticipation: The increase in gold prices comes ahead of the upcoming Federal Open Market Committee (FOMC) meeting.
See More
Osisko Development Completes Sale of San Antonio Gold Project
- Transaction Completion: Osisko Development has successfully sold its 100% interest in the San Antonio Gold Project located in Sonora, Mexico, receiving 15,325,841 Axo common shares, representing a 9.99% stake, thereby enhancing its capital base in gold mining development.
- Potential Earnings: The transaction includes future cash payments and stock options, with Osisko expected to receive $2 million in cash or up to 9,398,496 Axo shares upon Axo's public filing of a feasibility study, further improving the company's financial flexibility.
- Financing Conditions: Should Axo raise over $10 million in equity financing, Osisko will retain a 9.99% interest in Axo, reflecting the company's strategic positioning for future market opportunities and ensuring long-term benefits.
- Legal Support: Bennett Jones LLP acted as legal advisor to Osisko in this transaction, ensuring compliance and smooth execution, showcasing the company's expertise in navigating complex deals.
See More
