Osisko Development Corp engages in gold exploration and mining.
It is a publicly listed firm on the TSX Venture Exchange under the symbol of ‘ODV’.
The mineral exploration firm was founded in the mid-1800s when the town of Barkerville was established in 1860 as the largest city in western North America.
Earlier, the gold exploration company was named as Barolo Ventures Corp.
Osisko Gold Royalties invested in the equities of Barkerville Gold Mines (BGM) in 2015 and replaced the management of Barkerville in 2016. This acquisition increased the drilling success rate from 20 to 90 per cent, and various new geological targets were identified along the trend representing upside potential, the firm claims.
Osisko Gold royalties acquired the complete stake in BGM by 2019 and it announced a spin-out of mining assets and created Osisko Development Corp in 2020.
The company’s principal project is the Cariboo Gold project. In addition to this, the portfolio of exploration projects consists of:
• Cariboo gold project
• San Antonio gold project
• James Bay Properties
• Guerrero Properties
Osisko Development says it presently focuses on unveiling the full potential of its San Antonio project since the copper producing asset has never been explored for gold mineralization in the past.
The mining company states that the project reflects huge potential for oxide and sulfide resource expansion.
The San Antonio project is located in Sonora, Mexico.
The land package comprises mineral rights spread in 11,338 hectares. The project is presently at development stage and with permits for mining being granted. As of 2021, the firm says the mining permits for gold exploration are still in progress.
Osisko has targeted a production of 50 to 70 koz of gold annually from this project.
Osisko Development claims to be an ESG responsible firm with a strong commitment towards environment and community.
It aims to leverage its several gold discoveries at the Cariboo Gold Project to establish itself as a leading exploration entity.