09:15 AM EST, 12/08/2025 (MT Newswires) -- Osisko Development ( ODV ) said Monday that it has launched a 70,000-meter exploration drill program at the Cariboo gold project in British Columbia, targeting new discoveries.

The company said the program will follow a two-phase approach with phase one consisting of key priority targets, including the Cariboo Deep target and the Proserpine Mountain target.

"Many of these prospects are within a stone's throw of the existing Cariboo deposit and exploration drilling below the existing Cariboo deposit offers an opportunity to set the stage for potential resource growth at depth beyond currently defined mineral resources within the permitted footprint," Osisko Development ( ODV ) President Chris Lodder said.

Osisko Development ( ODV ) plans to provide preliminary exploration progress in the second quarter of 2026.