Osisko Development Announces Filing of the Technical Report for the San Antonio Mineral Resource Estimate, Sonora State, Mexico
July 22 2022 - 8:58PM
Osisko Development Corp. (“
Osisko Development” or
the “
Company”) is pleased to report that it has
filed on SEDAR the independent NI 43-101 Technical Report to
present and support the results of the Mineral Resource Estimate
for the San Antonio Project as per the Company’s news release dated
June 30th, 2022. The technical report was prepared by Micon
International Inc. an independent consulting firm based out of
Toronto, Ontario.
Qualified Persons
The Independent and Qualified Persons for the
Mineral Resources Estimate update, as defined by NI 43-101, is
Rodrigo Calles, P.Geo of Servicios Geológicos IMEx and William
Lewis, P.Geo of Micon International Limited.
Per NI 43-101, 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.
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 properties in the USA and
Mexico, with the objective of becoming the next mid-tier gold
producer. The Cariboo Gold Project, located in central British
Columbia, Canada, is Osisko Development's flagship asset. The
considerable exploration potential at depth and along strike
distinguishes the Cariboo Gold Project relative to other
development assets. Osisko Development's project pipeline is
complemented by its interest in the San Antonio gold project,
located in Sonora, Mexico and the Trixie gold test mine, located in
Utah, U.S.A.
For further information about Osisko Development
[(NYSE: ODV; TSX-V:ODV)], please visit www.osiskodevelopment.com or
follow us on Twitter @OsiskoDev
Investor
Contact.: |
Jean Francois LemondeVP Investor
Relationsjflemonde@osiskodev.comTel: 514-299-4926 |
|
Cautionary Statements Regarding Estimates of Mineral
Resources
This news release uses the terms indicated and
inferred mineral resources as a relative measure of the level of
confidence in the resource estimate. Readers are cautioned that
mineral resources are not mineral reserves and that the economic
viability of resources that are not mineral reserves has not been
demonstrated. The mineral resource estimate disclosed in this news
release may be materially affected by geology, environmental,
permitting, legal, title, socio-political, marketing or other
relevant issues. The mineral resource estimate is classified in
accordance with the Canadian Institute of Mining, Metallurgy and
Petroleum’s “CIM Definition Standards on Mineral Resources and
Mineral Reserves” incorporated by reference into NI 43-101. Under
NI 43-101, estimates of inferred mineral resources may not form the
basis of feasibility or pre-feasibility studies or economic studies
except for preliminary economic assessments. Readers are cautioned
not to assume that further work on the stated resources will lead
to mineral reserves that can be mined economically.
Forward-looking Statements
Certain statements contained in this news
release may be deemed "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform
Act of 1995 and "forward-looking information" within the meaning of
applicable Canadian securities legislation. These forward‐looking
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 forward‐looking
statements. Forward‐looking 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 forward‐looking statements. Information contained in
forward‐looking 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, as well as other considerations that are
believed to be appropriate in the circumstances, and any other
information herein that is not a historical fact may be "forward
looking information". Material assumptions also include,
management's perceptions of historical trends, current conditions
and expected future developments, results of further exploration
work to define or expand any mineral resources, 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
capital market conditions, the ability to continue current
production, regulatory framework, 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 stream interests in the Project; the ability
of the Company to obtain required approvals; the results of
exploration activities; risks relating to exploration, development
and 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. Readers are urged
to consult the disclosure provided under the heading "Risk Factors"
in the Company's annual information form for the year ended
December 31, 2021, as amended, which has been filed on SEDAR
(www.sedar.com) under Osisko Development's issuer profile and on
the SEC's EDGAR website (www.sec.gov), for further information
regarding the risks and other factors applicable to the exploration
results. Although the Company believes the expectations conveyed by
the forward-looking statements are reasonable based on information
available at the date of preparation, no assurances can be given as
to future results, levels of activity and achievements. The Company
disclaims any obligation to update any forward-looking statements,
whether as a result of new information, future events or results or
otherwise, except as required by law. There can be no assurance
that these forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements.
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
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