Osisko Development Appoints Marina Katusa to the Board of Directors
May 26 2021 - 8:00AM
Osisko Development Corp. (“
Osisko Development” or
the “
Company”) (TSX.V-ODV) is pleased to announce
the appointment of Ms. Marina Katusa to its Board of Directors.
Ms. Katusa has over fifteen years of business
experience in areas including mineral exploration, research
analysis, strategic planning, and corporate development. She earned
a Masters of Business Administration (MBA) degree and a Bachelor of
Science (BSc) degree in Geology/Earth & Ocean Science from the
University of British Columbia. She is currently a member of the
Board of Directors of Silvercorp Metals Inc. and was previously on
the Board of Family Services of Greater Vancouver.
Sean Roosen, Chair of the Board and Chief
Executive Officer of Osisko Development stated: “Marina brings a
significant skill set to the board with both Technical and Capital
markets knowledge. She is also BC based, home of our largest
project, Cariboo Gold. We look forward to working with Marina to
move Osisko Development to a mid tier producer.”
As part of her appointment to the Board, Ms.
Katusa received 27,030 deferred share units
(“DSUs”) in accordance with the DSU Plan of the
Company.
About Osisko Development
Osisko Development is well-capitalized and
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 4.60 Au g/t
for a total of 3.20 million ounces of gold and inferred resource of
21.69 Mt at 3.90 Au g/t for a total of 2.70 million ounces of gold
(see NI 43-101 Technical Report for resource 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 second half
of 2021. 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 (“TSX-V”) under the symbol “ODV” on
December 2, 2020.
Neither the TSX-V nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX-V) 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.
For further information about Osisko Development, please
contact: |
Sean Roosen, CEOTelephone: (514) 940-0685Email:
sroosen@osiskodev.com |
Jean François Lemonde, VP, Investor RelationsTelephone: (514)
299-4926Email: jflemonde@osiskodev.com |
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