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(Kitco News) – Osisko Development (NYSE: ODV, TSXV: ODV) announced today that it has received an Environmental Assessment (EA) Certificate for the company’s 100%-owned Cariboo gold project located in central British Columbia, Canada.
According to Osisko, the EA Certificate was granted by the Environmental Assessment Office of the Province of British Columbia and is supported by approval decisions from The Honourable George Heyman, Minister of Environment and Climate Change Strategy and The Honourable Josie Osbourne, Minister of Energy, Mines and Low Carbon Innovation.
“Receipt of the EA Certificate successfully concludes the EA process for the project, which was launched in October 2019,” the company said in a statement. “The EA Certificate is the first step in the permitting process of the Cariboo gold project.”
As previously disclosed on May 8, 2023, the company announced the signing of two landmark permitting agreements – the Process Charter and the Joint Information Requirements Table – which establish a defined regulatory process timeline and outline all agreed-upon information requirements to support a robust permit application for submission.
Importantly, Osisko said that a Joint Permit Application for the BC Mines Act / Environmental Management Act is in process, adding that the company anticipates receiving the permits in Q1 2024.
The Cariboo gold project is an advanced stage gold project located in the historic Wells-Barkerville mining camp, in the District of Wells, central BC, Canada, that extends for approximately 77 kilometres from northwest to southeast.
As of December 30, 2022, the project’s probable reserves totalled 16.70 million tonnes (Mt) grading 3.78 g/t gold for 2.031 million ounces (Moz), measured resources totalled 0.05 Mt grading 5.06 g/t gold for 0.008 Moz, indicated resources totalled 14.64 Mt grading 3.32 g/t gold for 1.564 Moz, and inferred resources totalled 15.47 Mt grading 3.44 g/t gold for 1.712 Moz.
