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Osisko Development Intersects 12.60 g/t Au Over 10.15 Meters, Including 97.80 g/t Au Over 0.50 Meter and 102.00 g/t Au Over 0.50 Meter on Island Mountain Shaft Zone

MONTREAL, Dec. 07, 2021 (GLOBE NEWSWIRE) — Osisko Development Corp. (“Osisko Development” or the “Company”) (TSX.V-ODV) is pleased to announce…

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MONTREAL, Dec. 07, 2021 (GLOBE NEWSWIRE) — Osisko Development Corp. (“Osisko Development” or the “Company”) (TSX.V-ODV) is pleased to announce drilling results from the 2021 exploration and category conversion drill program campaign at its Cariboo Gold Project (“Cariboo”) in central British Columbia.

Summary

  • A total of 152,000 meters were drilled at the Cariboo Gold Project in 2021. Drilling is now complete for the year.
  • Recent assay results include holes IM-21-102 to IM-21-154 from Mosquito and Shaft Zones on Island Mountain (Figure 1). Nine of these holes test both the Shaft and Valley deposits (Table 1 and Figure 3).
  • IM-21-109 intersected 21.33 g/t Au over 5.80 meters including a sample of 117.00 g/t Au over 0.95 meter at Shaft Zone.
  • IM-21-126 intersected multiple mineralized vein corridors including 8.90 g/t Au over 8.80 meters, 15.99 g/t Au over 4.10 meters and one of the deepest intercepts to date of 34.50 g/t Au over 1.40 meters at a depth of 803.30 meters (vertical depth of 630.00 meters) and extending several vein corridors down dip.
  • IM-21-145 intersected 12.60 g/t Au over 10.15 meters including samples of 97.80 g/t Au over 0.50 meters and 102.00 g/t Au over 0.50 meter increasing confidence within a mineralized vein corridor.
  • Detailed drilling results and a drill hole location plan map are presented at the end of this release.

Assay Highlights

  • 6.69 g/t Au over 6.60 meters in hole IM-21-103
  • 38.74 g/t Au over 1.10 meters in hole IM-21-103 including
  • 81.90 g/t Au over 0.50 meter
  • 10.29 g/t Au over 3.90 meters in hole IM-21-104 including
  • 61.50 g/t Au over 0.50 meter
  • 22.20 g/t Au over 1.50 meters in hole IM-21-104
  • 4.37 g/t Au over 9.20 meters in hole IM-21-108
  • 21.33 g/t Au over 5.80 meters in hole IM-21-109 including
  • 117.00 g/t Au over 0.95 meter
  • 20.49 g/t Au over 2.20 meters in hole IM-21-111 including
  • 53.70 g/t Au over 0.60 meter
  • 42.40 g/t Au over 0.50 meter in hole IM-21-113
  • 35.94 g/t Au over 1.10 meters in hole IM-21-114
  • 64.90 g/t Au over 0.55 meter in hole IM-21-114
  • 41.40 g/t Au over 0.50 meter in hole IM-21-114
  • 32.34 g/t Au over 1.05 meters in hole IM-21-114 including
  • 65.30 g/t Au over 0.50 meter
  • 56.80 g/t Au over 0.50 meter in hole IM-21-119
  • 39.60 g/t Au over 1.00 meter in hole IM-21-123 including
  • 60.70 g/t Au over 0.50 meter
  • 6.20 g/t Au over 4.95 meters in hole IM-21-123
  • 10.54 g/t Au over 5.95 meters in hole IM-21-125
  • 8.90 g/t Au over 8.80 meters in hole IM-21-126 including
  • 38.40 g/t Au over 0.70 meter
  • 15.99 g/t Au over 4.10 meters in hole IM-21-126 including
  • 40.40 g/t Au over 0.90 meter and
  • 35.70 g/t Au over 0.80 meter
  • 34.50 g/t Au over 1.40 meters in hole IM-21-126
  • 19.43 g/t Au over 5.00 meters in hole IM-21-128 including
  • 71.60 g/t Au over 0.50 meter and
  • 42.10 g/t Au over 0.75 meter
  • 51.30 g/t Au over 0.60 meter in hole IM-21-132
  • 7.14 g/t Au over 5.85 meters in hole IM-21-134 including
  • 64.20 g/t Au over 0.50 meter
  • 9.74 g/t Au over 3.45 meters in hole IM-21-135
  • 10.12 g/t Au over 4.50 meters in hole IM-21-139 including
  • 33.60 g/t Au over 1.10 meters
  • 59.10 g/t Au over 0.50 meter in hole IM-21-140
  • 5.61 g/t Au over 10.70 meters in hole IM-21-140 including
  • 40.20 g/t Au over 1.40 meters
  • 12.18 g/t Au over 5.75 meters in hole IM-21-141
  • 31.07 g/t Au over 1.65 meters in hole IM-21-144 including
  • 55.40 g/t Au over 0.50 meter
  • 19.35 g/t Au over 3.55 meters in hole IM-21-144 including
  • 34.90 g/t Au over 0.85 meter and
  • 41.30 g/t Au over 0.80 meter
  • 6.63 g/t Au over 6.85 meters in hole IM-21-144 including
  • 27.50 g/t Au over 1.30 meters
  • 12.60 g/t Au over 10.15 meters in hole IM-21-145 including
  • 97.80 g/t Au over 0.50 meter and
  • 102.00 g/t Au over 0.50 meter
  • 9.37 g/t Au over 6.90 meters in hole IM-21-146
  • 16.27 g/t Au over 4.45 meters in hole IM-21-151 including
  • 31.50 g/t Au over 1.30 meters
  • 10.17 g/t Au over 4.20 meters in hole IM-21-151

Chris Lodder, President of Osisko Development commented, “We have now completed our exploration and delineation drill program for 2021. We have received the majority of the assay results to be modelled in the mineral resource and to support the completion of the feasibility study to advance our project. These recent results from 53 holes will add confidence to the model and generate further exploration targets.”

Vein corridors are defined as a high-density network of mineralized quartz veins within the axis of the last folding event and hosted within a brittle meta-sandstone or calcareous meta-sandstone. Vein corridors are modelled at a minimum thickness of 2 meters and average about 4.5 meters true width. Individual mineralized veins within these corridors have widths varying from centimeters to several meters and strike lengths from a few meters to over 50 meters. These corridors have been defined from surface to a vertical depth averaging 300 meters and remain open for expansion at depth and along strike. Gold grades are intimately associated with quartz vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins.

True widths are estimated to be 60% to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays. Complete assay highlights are presented in Table 1, drill hole locations are listed in Table 2.

Qualified Persons

Per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, P.Geo. Vice President Exploration of Osisko Development Corp., is a Qualified Person and has prepared, validated, and approved the technical and scientific content of this news release.

Quality Assurance – Quality Control

Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on site at a secured facility in Wells, BC. Numbered security tags are applied to lab shipments for chain of custody requirements. Quality control (QC) samples are inserted at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd.

Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed, and 250 grams is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 1,000g screen metallic fire assay. A selected number of samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).

About Osisko Development Corp.

Osisko Development Corp. is uniquely positioned as a premier gold development company in North America to advance the Cariboo Gold Project and other Canadian and Mexican properties, with the objective of becoming the next mid-tier gold producer. The Cariboo Gold Project, located in central British Columbia, is Osisko Development’s flagship asset with measured and indicated resources of 21.44 Mt at 4.6 Au g/t for a total of 3.2 million ounces of gold and inferred resource of 21.69 Mt at 3.9 Au g/t for a total of 2.7 million ounces of gold (see NI 43-101 Technical Report and mineral resource estimate effective October 5th, 2020). The considerable exploration potential at depth and along strike distinguishes the Cariboo Gold Project relative to other development assets as does the historically low, all-in discovery costs of US $19 per ounce. The Cariboo Gold Project is advancing through permitting as a 4,750 tonnes per day underground operation with a feasibility study on track for completion in the first half of 2022. Osisko Development’s project pipeline is complemented by potential near-term production targeted from the San Antonio gold project, located in Sonora Mexico and early exploration stage properties including the Coulon Project and James Bay Properties located in Québec as well as the Guerrero Properties located in Mexico. Osisko Development began trading on the TSX Venture Exchange under the symbol “ODV” on December 2, 2020 and the Company’s 14,789,373 outstanding share purchase warrants were listed on the TSX Venture Exchange under the symbol “ODV.WT” on October 25, 2021.

For further information, please contact Osisko Development Corp.:

Jean Francois Lemonde
VP Investor Relations
[email protected]
Tel: 514-299-4926

Forward-looking Statements

Certain statements contained in this press release may be deemed “forwardlooking statements” within the meaning of applicable Canadian and U.S. securities laws. These forwardlooking statements, by their nature, require Osisko Development to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forwardlooking statements. Forwardlooking statements are not guarantees of performance. Words such as “may”, “will”, “would”, “could”, “expect”, “believe”, “plan”, “anticipate”, “intend”, “estimate”, “continue”, or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forwardlooking statements. Information contained in forwardlooking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management’s perceptions of historical trends, current conditions and expected future developments, results of further exploration work to define and expand mineral resources, expected conclusions of optimization studies, that vein corridors continue to be defined as a high-density network of mineralized quartz within the axis of the last folding event and hosted within the sandstones and that the deposit remains open for expansion at depth and down plunge, as well as other considerations that are believed to be appropriate in the circumstances. Osisko Development considers its assumptions to be reasonable based on information currently available, but cautions the reader that their assumptions regarding future events, many of which are beyond the control of Osisko Development, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect Osisko Development and its business. Such risks and uncertainties include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of to complete further exploration activities, including drilling; property and royalty interests in the Cariboo gold deposit; the ability of the Corporation to obtain required approvals; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions and the responses of relevant governments to the COVID-19 outbreak and the effectiveness of such responses.

For additional information with respect to these and other factors and assumptions underlying the forward looking statements made in this news release concerning Osisko Development, see the Filing Statement available electronically on SEDAR (www.sedar.com) under Osisko Development’s issuer profile. The forwardlooking statements set forth herein concerning Osisko Development reflect management’s expectations as at the date of this news release and are subject to change after such date. Osisko Development disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Table 1: Cariboo Gold Project 2021 Length Weighted Drill Hole Gold Composites

HOLE ID   FROM M TO (M) LENGTH (M) AU (G/T) TARGET
IM-21-102   17.00 18.00 1.00 3.96 Shaft
IM-21-103   44.00 47.90 3.90 3.36 Mosquito
  Including 46.85 47.90 1.05 7.05  
    83.40 90.00 6.60 6.69  
  Including 83.40 83.90 0.50 50.10  
  and 88.30 89.00 0.70 10.80  
  and 89.00 90.00 1.00 11.35  
    103.70 104.80 1.10 38.74  
  Including 104.30 104.80 0.50 81.90  
    119.80 120.30 0.50 5.46  
    124.90 125.40 0.50 4.97  
    164.00 165.70 1.70 12.93  
  Including 164.00 164.70 0.70 30.60  
IM-21-104   238.00 241.90 3.90 10.29 Shaft
  Including 238.50 239.00 0.50 61.50  
  and 241.00 241.90 0.90 8.40  
    255.00 255.60 0.60 36.40  
    332.80 333.90 1.10 3.70  
    346.00 346.90 0.90 12.55  
    425.00 426.50 1.50 22.20  
IM-21-105   84.00 84.70 0.70 3.87 Shaft
IM-21-106   204.45 205.05 0.60 3.02 Shaft
IM-21-107   46.00 46.50 0.50 8.56 Shaft
    54.75 55.25 0.50 5.83  
    64.60 65.30 0.70 4.23  
    108.00 108.90 0.90 12.75  
IM-21-108   181.45 184.55 3.10 3.35 Shaft
    201.60 202.10 0.50 9.81  
    300.70 301.25 0.55 3.35  
    314.50 315.00 0.50 4.32  
    337.60 338.15 0.55 3.44  
    339.00 339.50 0.50 3.64  
    386.50 387.00 0.50 5.93 Valley
    398.80 408.00 9.20 4.37  
  Including 398.80 399.35 0.55 18.60  
  and 402.15 402.65 0.50 13.15  
  and 407.30 408.00 0.70 23.00  
    417.35 418.10 0.75 11.45  
    421.90 422.50 0.60 9.48  
IM-21-109   113.80 114.30 0.50 3.32 Shaft
    143.50 149.30 5.80 21.33  
  Including 143.50 144.00 0.50 22.60  
  and 148.35 149.30 0.95 117.00  
IM-21-110   39.90 41.10 1.20 6.50 Shaft
    46.00 46.50 0.50 17.70  
    70.50 72.55 2.05 7.58  
  Including 70.50 71.30 0.80 15.75  
IM-21-111   122.70 124.90 2.20 20.49 Shaft
  Including 124.30 124.90 0.60 53.70  
    222.70 224.00 1.30 3.69  
IM-21-112   38.10 38.90 0.80 16.30 Shaft
IM-21-113   69.30 71.10 1.80 4.79 Shaft
  Including 69.30 70.05 0.75 5.99  
    289.75 291.90 2.15 5.86  
  Including 289.75 290.50 0.75 15.00  
    296.25 298.00 1.75 9.26  
  Including 297.50 298.00 0.50 19.55  
    311.15 311.65 0.50 42.40  
    336.00 336.80 0.80 7.67  
    441.60 445.95 4.35 3.36  
  Including 444.40 445.10 0.70 15.50  
IM-21-114   17.00 17.50 0.50 4.92 Shaft
    21.15 22.00 0.85 3.43  
    37.60 38.70 1.10 35.94  
    58.90 59.45 0.55 64.90  
    65.15 65.70 0.55 4.73  
    77.50 78.00 0.50 6.79  
    103.15 103.90 0.75 25.60  
    108.00 108.50 0.50 41.40  
    115.10 116.15 1.05 32.34  
  Including 115.10 115.60 0.50 65.30  
IM-21-115 No Significant Assays         Shaft
IM-21-116   112.85 114.15 1.30 3.10 Shaft
    121.60 122.10 0.50 10.20  
    204.40 205.90 1.50 14.06  
  Including 205.00 205.90 0.90 18.05  
IM-21-118   88.65 89.30 0.65 4.41 Shaft
    297.25 297.75 0.50 12.35  
    302.00 306.50 4.50 3.81  
  Including 302.00 302.50 0.50 17.45  
    396.95 397.45 0.50 3.01 Valley
    444.50 445.25 0.75 6.62  
    452.00 452.50 0.50 7.36  
IM-21-119   113.20 114.10 0.90 10.55 Shaft
    129.80 130.35 0.55 13.45  
    154.50 155.00 0.50 56.80  
IM-21-120   88.20 88.70 0.50 28.70 Shaft
    235.80 236.30 0.50 24.90  
    253.50 254.25 0.75 11.75  
    285.00 286.00 1.00 4.52  
    302.05 302.55 0.50 3.02  
    518.90 519.50 0.60 8.49  
    523.20 524.00 0.80 5.76  
    579.25 580.40 1.15 14.55  
    584.50 585.00 0.50 8.81  
    631.30 631.80 0.50 5.30  
    657.25 658.10 0.85 4.80  
IM-21-121   116.60 117.60 1.00 8.55 Shaft
  Including 116.60 117.10 0.50 10.35  
IM-21-122   123.80 125.50 1.70 13.13 Shaft
  Including 124.40 125.50 1.10 18.75  
IM-21-123   63.00 64.00 1.00 39.60 Shaft
  Including 63.50 64.00 0.50 60.70  
    151.10 156.05 4.95 6.20  
  Including 153.10 153.60 0.50 18.05  
  and 155.40 156.05 0.65 12.40  
  and 155.40 156.05 0.65 12.40  
IM-21-124 No Significant Assays         Shaft
IM-21-125   71.45 72.95 1.50 5.56 Shaft
    272.05 274.10 2.05 8.48  
    344.30 345.00 0.70 13.60  
    384.25 390.20 5.95 10.54 Valley
  Including 386.50 387.20 0.70 16.80  
  and 387.20 387.70 0.50 19.75  
  and 389.70 390.20 0.50 20.50  
    396.65 398.70 2.05 6.59  
  Including 398.20 398.70 0.50 21.30  
    409.55 410.20 0.65 7.62  
    415.40 419.25 3.85 4.57  
  Including 415.40 416.30 0.90 9.14  
  and 416.30 417.20 0.90 8.36  
    424.60 429.80 5.20 3.87  
  Including 426.20 427.35 1.15 10.40  
    437.15 438.10 0.95 4.24  
IM-21-126   425.90 434.70 8.80 8.90 Shaft
  Including 426.45 426.95 0.50 11.55  
  and 426.95 427.80 0.85 10.45  
  and 432.60 433.10 0.50 15.20  
  and 433.10 433.80 0.70 38.40  
  and 433.80 434.70 0.90 16.90  
    473.15 475.15 2.00 10.19  
  Including 474.00 475.15 1.15 14.75  
    488.50 489.00 0.50 7.52  
    490.05 490.55 0.50 3.52  
    555.55 556.05 0.50 7.90  
    567.90 569.00 1.10 7.12  
    572.25 573.05 0.80 21.60  
    580.90 585.00 4.10 15.99  
  Including 580.90 581.80 0.90 40.40  
  and 584.20 585.00 0.80 35.70  
    653.55 654.15 0.60 3.56  
    685.90 686.70 0.80 6.83  
    745.30 745.85 0.55 7.39  
    787.25 791.00 3.75 4.85  
  Including 787.25 787.75 0.50 20.90  
    803.30 804.70 1.40 34.50  
    820.90 822.65 1.75 14.70  
  Including 820.90 821.50 0.60 19.80  
  and 821.50 822.00 0.50 20.10  
    828.20 831.25 3.05 7.69  
  Including 829.50 830.50 1.00 20.00  
    849.70 850.20 0.50 12.10  
    911.85 913.25 1.40 4.15  
    930.80 931.30 0.50 5.10  
    933.50 934.55 1.05 6.19  
IM-21-127   119.25 120.30 1.05 3.26 Shaft
    156.50 157.60 1.10 4.05  
IM-21-128   30.50 32.00 1.50 24.86 Shaft
  Including 30.50 31.00 0.50 35.10  
  and 31.50 32.00 0.50 39.40  
    49.00 54.00 5.00 19.43  
  Including 49.50 50.00 0.50 27.00  
  and 50.00 50.50 0.50 71.60  
  and 50.50 51.00 0.50 14.90  
  and 51.00 51.75 0.75 42.10  
    86.90 87.60 0.70 11.20  
    208.70 212.50 3.80 7.88  
  Including 209.40 210.15 0.75 28.20  
    224.30 224.80 0.50 14.35  
    243.50 244.50 1.00 6.33  
    251.50 252.40 0.90 4.83  
    264.00 264.50 0.50 3.96  
    335.70 338.20 2.50 3.80  
  Including 335.70 336.20 0.50 8.55  
    456.50 457.50 1.00 4.26  
    613.50 614.05 0.55 4.85  
    630.00 630.70 0.70 3.37  
IM-21-129 No Significant Assays         Shaft
IM-21-130   72.00 72.50 0.50 8.32 Shaft
IM-21-131   201.50 202.00 0.50 4.51 Shaft
    282.50 283.50 1.00 3.71  
    313.50 314.35 0.85 14.75  
    370.50 371.00 0.50 10.30 Valley
    374.00 376.00 2.00 8.00  
  Including 374.00 375.00 1.00 13.90  
    484.65 485.80 1.15 8.73  
    534.00 534.50 0.50 3.34  
    588.10 588.60 0.50 3.42  
IM-21-132   56.75 57.30 0.55 12.15 Shaft
    89.65 90.25 0.60 51.30  
IM-21-133   50.85 51.50 0.65 3.57 Shaft
    54.65 55.15 0.50 4.45  
    68.80 69.40 0.60 20.80  
    103.30 103.90 0.60 5.34  
    249.00 249.60 0.60 4.03  
    402.70 403.30 0.60 3.39  
IM-21-134   300.30 300.80 0.50 3.95 Shaft
    365.00 366.00 1.00 5.34 Valley
    373.50 374.00 0.50 3.07  
    381.00 382.50 1.50 11.07  
  Including 381.00 381.50 0.50 27.90  
    426.75 427.25 0.50 42.70  
    431.40 432.00 0.60 4.76  
    447.50 448.00 0.50 3.13  
    451.20 451.75 0.55 9.13  
    454.75 455.25 0.50 9.23  
    457.50 463.35 5.85 7.14  
  Including 459.90 460.40 0.50 64.20  
    461.50 462.00 0.50 8.93  
    467.20 469.70 2.50 7.01  
    473.95 474.45 0.50 3.34  
    492.50 493.00 0.50 13.85  
    506.00 506.50 0.50 3.36  
IM-21-135   100.05 103.50 3.45 9.74 Shaft
  Including 100.05 100.55 0.50 32.00  
  and 102.20 103.00 0.80 11.90  
    291.50 292.00 0.50 42.80  
    421.10 426.10 5.00 5.60 Valley
  Including 421.10 421.60 0.50 11.95  
  and 421.60 422.20 0.60 8.83  
  and 423.30 423.80 0.50 20.80  
  and 425.60 426.10 0.50 9.98  
    506.15 506.65 0.50 4.48  
IM-21-136   93.55 94.05 0.50 4.75 Shaft
    167.80 169.45 1.65 13.89  
  Including 168.45 168.95 0.50 23.80  
  and 168.95 169.45 0.50 17.25  
IM-21-137   140.20 140.70 0.50 7.01 Shaft
    233.30 234.90 1.60 12.86  
  Including 233.30 233.85 0.55 28.50  
  and 233.85 234.40 0.55 6.46  
IM-21-138   155.00 155.50 0.50 7.65 Shaft
    170.45 171.00 0.55 9.68  
    197.00 197.55 0.55 16.15  
IM-21-139   154.50 155.15 0.65 5.64 Shaft
    204.00 204.50 0.50 7.87  
    232.40 232.90 0.50 12.35  
    316.00 320.50 4.50 10.12  
  Including 318.80 319.90 1.10 33.60  
    392.35 393.70 1.35 7.99  
  Including 393.00 393.70 0.70 11.95  
    413.50 414.00 0.50 6.64  
IM-21-140   99.00 108.00 9.00 3.45 Shaft
  Including 99.00 99.50 0.50 21.70  
    265.00 266.00 1.00 6.64  
    282.80 283.30 0.50 59.10  
    393.00 394.50 1.50 9.67 Valley
    411.30 422.00 10.70 5.61  
  Including 414.10 415.50 1.40 40.20  
IM-21-141   131.50 132.00 0.50 3.78 Shaft
    212.50 213.00 0.50 4.95  
    214.20 215.00 0.80 4.26  
    231.25 237.00 5.75 12.18  
  Including 231.25 231.75 0.50 13.10  
  and 231.75 232.30 0.55 21.80  
  and 235.40 235.90 0.50 39.00  
  and 235.90 236.40 0.50 43.80  
    245.00 245.50 0.50 3.85  
IM-21-142   110.90 111.60 0.70 5.76 Shaft
    273.50 275.20 1.70 4.03  
  Including 273.50 274.00 0.50 8.31  
    280.00 280.50 0.50 6.10  
    287.00 287.55 0.55 4.79  
    289.15 289.85 0.70 3.69  
    325.50 326.10 0.60 4.05  
IM-21-143   124.55 126.15 1.60 10.67 Shaft
  Including 125.30 126.15 0.85 18.55  
    213.85 218.50 4.65 3.89  
  Including 216.00 216.50 0.50 11.05  
    223.85 224.35 0.50 11.00  
    226.40 227.00 0.60 24.60  
    231.00 235.00 4.00 3.73  
  Including 231.00 231.70 0.70 12.10  
IM-21-144   102.00 102.90 0.90 3.13 Shaft
    275.40 277.05 1.65 31.07  
  Including 276.00 276.50 0.50 55.40  
    308.80 309.30 0.50 21.50  
    326.70 327.20 0.50 6.05  
    344.75 348.30 3.55 19.35  
  Including 344.75 345.25 0.50 11.85  
  and 346.65 347.50 0.85 34.90  
  and 347.50 348.30 0.80 41.30  
    384.00 390.85 6.85 6.63 Valley
  Including 387.50 388.80 1.30 27.50  
    403.00 403.50 0.50 25.70  
    414.00 414.50 0.50 16.10  
    423.65 424.75 1.10 14.82  
  Including 423.65 424.15 0.50 27.40  
    441.00 442.20 1.20 5.08  
  Including 441.50 442.20 0.70 7.88  
    493.45 493.95 0.50 3.19  
    559.75 560.35 0.60 5.64  
IM-21-145   140.00 140.50 0.50 6.57 Shaft
    241.05 242.05 1.00 16.85  
  Including 241.55 242.05 0.50 32.70  
    260.70 261.20 0.50 7.31  
    278.45 279.50 1.05 9.54  
    300.70 310.85 10.15 12.60  
  Including 300.70 301.20 0.50 10.25  
  and 306.30 306.80 0.50 97.80  
  and 307.35 307.85 0.50 102.00  
  and 310.35 310.85 0.50 36.70  
    356.30 357.00 0.70 8.05  
    406.50 407.50 1.00 3.16  
IM-21-146   88.00 89.00 1.00 4.30 Shaft
    93.30 94.00 0.70 25.60  
    103.00 103.50 0.50 3.37  
    211.30 214.60 3.30 4.33  
  Including 212.10 213.10 1.00 8.30  
    227.00 227.50 0.50 3.61  
    245.30 248.40 3.10 3.50  
  Including 247.40 248.40 1.00 9.50  
    263.30 270.20 6.90 9.37  
  Including 263.30 264.80 1.50 10.10  
  and 264.80 266.30 1.50 19.50  
  and 269.00 270.20 1.20 11.55  
IM-21-147   76.50 78.00 1.50 5.05 Shaft
    120.80 121.40 0.60 3.38  
    221.40 222.50 1.10 9.02  
IM-21-148   68.45 69.65 1.20 10.75 Shaft
    264.00 271.80 7.80 3.74  
  Including 264.00 265.00 1.00 16.10  
  and 267.00 268.00 1.00 9.83  
    309.50 310.15 0.65 22.50  
    365.00 366.90 1.90 8.11  
  Including 366.10 366.90 0.80 12.25  
    390.50 391.30 0.80 5.54  
    399.60 404.00 4.40 3.30 Valley
  Including 399.60 400.20 0.60 12.00  
    410.10 411.10 1.00 8.24  
  Including 410.10 410.60 0.50 13.85  
    416.15 417.10 0.95 5.31  
    539.10 540.10 1.00 10.40  
IM-21-149   153.55 154.15 0.60 9.87 Shaft
    157.80 158.70 0.90 5.44  
    186.00 191.00 5.00 4.65  
  Including 186.00 186.50 0.50 6.79  
    255.20 256.45 1.25 10.75  
IM-21-150   164.75 165.25 0.50 5.11 Shaft
    250.20 250.70 0.50 7.09  
    255.65 256.35 0.70 7.75  
    291.85 292.35 0.50 10.10  
    300.90 301.40 0.50 15.20  
    350.05 350.55 0.50 5.31  
    354.00 354.50 0.50 5.72  
    361.70 366.00 4.30 3.02  
  Including 364.20 364.85 0.65 10.70  
IM-21-151   83.40 84.15 0.75 8.44 Shaft
    87.25 89.20 1.95 6.40  
  Including 88.15 89.20 1.05 9.44  
    162.20 166.65 4.45 16.27  
  Including 162.20 163.50 1.30 31.50  
  and 163.50 164.05 0.55 23.90  
    186.00 190.20 4.20 10.17  
  Including 189.70 190.20 0.50 48.20  
    249.50 250.00 0.50 4.61  
IM-21-152   164.50 165.15 0.65 4.47 Shaft
    167.70 168.40 0.70 5.80  
IM-21-153 No Significant Assays         Shaft
IM-21-154 No Significant Assays         Shaft


Table 2: Drill Hole Locations and Orientations

HOLE ID EASTING NORTHING ELEV DIP AZI DEPTH (M)
IM-21-102 594249 5884675 1415 -50 148 216
IM-21-103 593874 5884956 1384 -56 305 222
IM-21-104 594442 5884654 1396 -61 135 459
IM-21-105 594290 5884534 1441 -70 335 207
IM-21-106 594462 5884272 1439 -51 339 282
IM-21-107 594288 5884534 1440 -57 327 201
IM-21-108 594989 5884349 1303 -50 121 550
IM-21-109 594461 5884271 1439 -55 327 225
IM-21-110 594291 5884535 1442 -63 330 207
IM-21-111 594442 5884657 1394 -58 122 666
IM-21-112 594461 5884271 1438 -49 322 225
IM-21-113 594724 5884483 1378 -66 136 531
IM-21-114 594289 5884535 1443 -58 348 234
IM-21-115 594461 5884271 1440 -44 320 222
IM-21-116 594542 5884315 1427 -59 322 261
IM-21-117 594287 5884531 1438 -63 292 150
IM-21-118 594988 5884349 1299 -46 113 588
IM-21-119 594287 5884531 1440 -65 269 195
IM-21-120 594545 5884315 1427 -57 112 789
IM-21-121 594791 5884446 1371 -50 132 201
IM-21-122 594287 5884531 1439 -57 265 192
IM-21-123 594791 5884446 1371 -43 124 219
IM-21-124 594287 5884531 1438 -48 257 183
IM-21-125 594988 5884348 1302 -45 134 522
IM-21-126 594442 5884657 1395 -52 112 960
IM-21-127 594287 5884532 1439 -53 254 195
IM-21-128 594791 5884446 1371 -55 130 652
IM-21-129 594287 5884532 1438 -45 253 192
IM-21-130 594288 5884533 1438 -44 105 180
IM-21-131 594988 5884348 1303 -44 134 621
IM-21-132 594287 5884533 1438 -55 115 180
IM-21-133 594287 5884533 1438 -45 125 468
IM-21-134 594998 5884373 1303 -55 114 546
IM-21-135 594997 5884375 1300 -52 120 812
IM-21-136 594581 5884261 1421 -55 342 205
IM-21-137 594672 5884232 1391 -66 126 330
IM-21-138 594580 5884261 1421 -46 333 207
IM-21-139 594580 5884261 1420 -53 336 435
IM-21-140 594996 5884375 1300 -56 128 597
IM-21-141 594672 5884232 1390 -67 134 357
IM-21-142 594580 5884261 1420 -53 326 350
IM-21-143 594671 5884232 1391 -68 139 339
IM-21-144 594995 5884374 1301 -57 131 577
IM-21-145 594580 5884261 1422 -58 331 507
IM-21-146 594674 5884232 1390 -58 142 303
IM-21-147 594671 5884232 1390 -66 145 300
IM-21-148 594995 5884376 1299 -58 136 615
IM-21-149 594672 5884231 1392 -60 148 324
IM-21-150 594580 5884261 1421 -53 331 474
IM-21-151 594672 5884231 1391 -61 153 279
IM-21-152 594287 5884534 1439 -45 147 177
IM-21-153 594286 5884533 1438 -53 150 252
IM-21-154 594671 5884231 1389 -63 158 282

Figure 1: Cariboo deposit areas overview map is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d8644aef-e0ca-465a-998c-4fe8252d649b 

Figure 2: Mosquito Detail Map is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/16763421-6e65-4728-9b89-1855e22cb239 

Figure 3: Shaft Zone select drilling highlights is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ed396071-3537-476f-9ece-d3137981aee9

drill results
drilling
drill program
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intercepts
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