Osisko Development (ODV, ODV.V) said Friday preparations are in their final stages to extract around 10,000 metric tons of mineralized material from its wholly owned Cariboo Gold Project in British Columbia.
The company said it dug through nearly 1,200 meters to access the target area, with the remaining blasting and extraction expected to be finished over the next few weeks. Results from the bulk sample are expected in Q1 and an optimized feasibility study is expected in Q2, the company said.
Osisko shares were 4.8% lower in recent US trading, outpacing a 3.4% decline on the TSX Venture Exchange
Price: 1.79, Change: -0.07, Percent Change: -3.76
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