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(Kitco News) – Osisko Development (TSX.V:ODV) on Thursday announced an initial open pit resource estimate for the Sapuchi, Golfo de Oro, California, High Life and Calvario deposits at its San Antonio project in the state of Sonora, Mexico.
The company said indicated mineral resources were 576,000 ounces of gold and 1.37 million ounces of silver (14.9 million tonnes grading 1.2 g/t Au and 2.9 g). /t Ag), while inferred mineral resources amounted to 544,000 ounces of gold and 1.76 million ounces of silver (16.6 million tonnes grading 1.0 g/t Au and 3.3 g /t Ag).
Importantly, the company emphasized that additional drill targets remain underexplored on the property and new exploration drilling is recommended to verify historical data and potentially add new resources.
Chairman Chris Lodder commented, “The addition of this new resource further strengthens our portfolio for near-term progression and towards eventual production. Development Osisko has made significant progress at San Antonio over the past year with construction of the leach pad, near-term processing of the stockpile and completion of a drilling program to generate this initial resource. The Company believes there is potential to increase the mineral resources through continued exploration and drilling on the property. »
Osisko Development is a North American-focused gold development company. The Company is advancing the Cariboo Gold Project and other properties in the United States and Mexico, with the goal of becoming the next mid-tier gold producer.
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