10:33 AM EDT, 03/15/2024 (MT Newswires) -- Osisko Development Corp. ( ODV ) on Friday announced an updated mineral resource estimate (MRE) for its underground Trixie deposit within the company's wider Tintic Project in central Utah, U.S.A. The 2024 Trixie MRE incorporated an additional 1,674 underground chip samples over 1,678 meters "m) of underground development, and 7,385 m of drilling in 122 holes completed by the company since the release of the initial Trixie MRE, with an effective date of January 10, 2023.

Relative to the 2023 Trixie MRE, contained gold ounces in measured and indicated resources decreased by 29% and inferred resources decreased by 79% primarily due to lower estimated grades that incorporated an updated geologic model interpretation and conversion of inferred resources.

Osisko is trading at $2.87, down 15%.

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