Osisko Development Corp. Completes 5,983m Drilling with Significant Gold Grades
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 15 2025
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Source: Newsfilter
- Drilling Progress: Osisko Development Corp. has completed 5,983 meters of drilling in the Lowhee Zone of its Cariboo Gold Project, achieving 44% of the planned 13,000 meters, which provides crucial data for future resource model updates.
- Gold Grade Highlights: Drilling results indicate significant gold grades, with hole BMU-25-090 showing 8.56 g/t Au at a depth of 60.5 meters and BMU-25-104 revealing 16.95 g/t Au at 80 meters, suggesting upside mineralization potential in the area.
- Resource Model Optimization: The drilling results align closely with modeled reserve stopes, expected to provide key guidance for future production designs and sequencing, thereby enhancing the project's economic viability.
- Project Timeline: The drilling program is on track to conclude in Q1 2026, and as drilling progresses, Osisko Development will be better positioned to assess and optimize its resource reserves, strengthening its market competitiveness.
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Analyst Views on ODV
Wall Street analysts forecast ODV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ODV is 6.12 USD with a low forecast of 5.76 USD and a high forecast of 6.48 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 3.870
Low
5.76
Averages
6.12
High
6.48
Current: 3.870
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 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.
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