Osisko Development Corp. has initiated its initial surface diamond drilling exploration campaign at the Big Hill target area within its 100% owned Tintic Project, located in central Utah, U.S.A. The drilling aims to test for copper-gold-molybdenum porphyry mineralization potential.
Highlights:
The drilling campaign follows the receipt of necessary permits, and a diamond drill rig from Major Drilling America is currently on-site, with drilling activities starting on December 1, 2023.
The Tintic District, known for porphyry-style mineralization, is strategically located near Rio Tinto's Bingham Canyon Mine.
The Tintic Project shows potential for a classic porphyry-epithermal system with two identified lithocaps, suggesting significant subsurface volcanic activity.
An initial 3,000-meter drilling program will focus on testing priority targets for potential porphyry-style mineral systems.
Current Exploration Focus:
Two large lithocaps at the Big Hill and Silver Pass areas indicate high heat signatures, suggesting potential subsurface volcanic activity.
The ongoing drilling program, including the Trixie West target, aims to explore copper-gold-molybdenum porphyry potential at depth.
The Tintic Project encompasses a historic mining district with considerable exploration potential for various metal deposits.
Investment Disclaimer: This news is for informational purposes only and does not constitute investment advice. Any investment decision should be based on personal research and consultation with a qualified financial advisor. The company's past performance is not indicative of future results.