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OGGBullishCorporate Developmentsnews

High materiality8/10

OGG Reports High-Grade Cariboo Lowhee Drilling; supports Resource Upside

Oct 5, 2026, 8:21 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The confluence of strong infill-drilling results and a formal development contract reduces execution risk and could lead to reserve/resource upgrades, potentially supporting a re-rating of OGG upon updated disclosures.

AI summary

What happened, with direct paths to the underlying reporting

Osisko Gold Group announced a 3,933 m infill drilling campaign in 36 holes at the Lowhee Zone of the Cariboo Gold Project, delivering multiple high-grade intercepts and suggesting resource conversion upside. The company also awarded an underground development contract to JDS Energy & Mining and granted equity incentives to senior staff, signaling progress toward construction milestones and long-term growth potential.

3,933 m infill drilling in 36 holes at Lowhee Zone, Cariboo project.
High-grade intercepts include 7.28 g/t Au over 16.15 m at ~105 m depth.
7.13 g/t Au over 11.60 m at ~61 m depth with richer sub-intervals.
JDS Energy & Mining named underground development contractor; equity incentives granted.

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