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Beitrag114/144, 11.02.08, 14:14:08 
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Feb 11, 2008 08:00 ET
Osisko Reports Phase Two Metallurgical Results
MONTREAL, QUEBEC--(Marketwire - Feb. 11, 2008) - Osisko Exploration Ltd. (TSX:OSK)(FRANKFURT:EWX) is pleased to report the following results on the Phase II metallurgical program from its 100% owned Canadian Malartic gold project. Overall recovery from 86 individual leach tests of the direct whole ore cyanidation process is confirmed at an average of 84% from composite samples representing the main lithologies of the deposit, each with approximately 1.1 g/t Au head grade and prepared to 80% minus 200 mesh grind size.

Flotation work that had indicated good recovery of gold to the primary concentrate for some lithologies did not perform well enough on the overall mill feed material. Direct whole ore cyanidation processing has demonstrated superior recoveries and therefore no further work will be carried out on the flotation route.

The metallurgical test program is now moving to Phase III for optimization. Leach tests will be repeated at various grind size fractions and leach times in order to confirm optimum recovery conditions. Phase III also includes additional work including simulation to confirm the various possibilities regarding the grinding circuit arrangement. This will provide the economic basis for the final decision on the capacity and best operating conditions for the Canadian Malartic process facility.

The Phase III detailed test work should be completed by the end of Q1 2008 as originally planned. A Phase IV test program will extend to Q2 2008 and will aim to fine-tune reagent consumption and confirm the homogeneity of metallurgical results throughout the deposit at various ore grades and material location. The results of the above testing programs will establish the process design criteria for the Feasibility Study to be released at the end of Q3 2008.

Furthermore, preliminary economic assessments based on 84% recovery indicate more favorable project economics at a production rate of 50,000 to 55,000 tonnes per day (tpd) or minimum 18 million tonnes per annum. This will result in an increased annual gold production and will be beneficial to the project in reducing unit operation costs and significantly increasing revenue. A third ball mill and additional leach tanks will be acquired to increase the tonnage from the original project criteria of 40,000 tpd. Based on initial discussions with suppliers, the delivery dates for the additional mill and leach tanks will not affect the overall project schedule.

Sean Roosen, President and CEO of Osisko, commented: "This metallurgical work is the foundation for another significant milestone in the development of the Canadian Malartic project. The increase in production rate is entirely manageable within the project time frame given that Osisko has already secured the bulk of the milling equipment. Osisko has signed firm contracts with Metso Minerals, ABB, FLSmidth Minerals and General Electric Canada to purchase a 38 foot SAG mill, two 24 foot ball mills, a gyratory crusher and all electrical drive equipment. Osisko expects first deliveries in Q2 2009 and already has $21 million invested into this equipment, which is part of the project capitalization. The bold actions we took in 2006 to secure our long lead items and lock in prices are now paying off for our shareholders as we have cost and delivery date protection on these crucial items."

All metallurgical test work is being carried out by SGS Lakefield Research on composite samples prepared from fresh NQ core taken throughout the deposit to provide representative combination of all ore types and lithologies that will be encountered in the actual mining operation.

Osisko Exploration Ltd. is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $180 million on hand and is carrying out an aggressive definition drilling and exploration campaign. A 43-101 Preliminary Economic Assessment report on the project is scheduled to be released at the end of Q1 2008.

Mr. Denis Cimon, Eng. M.Sc. and Manager of Mineral Processing for Osisko, is the Qualified Person responsible for the technical information reported in this news release.
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Beitrag113/144, 12.02.08, 10:08:53 
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IRW-PRESS: Osisko: Osisko meldet Ergebnisse des metallurgischen Phase-II-Programms
Osisko meldet Ergebnisse des metallurgischen Phase-II-Programms
MONTREAL, QUEBEC 11.
Februar 2008 - Osisko Exploration Ltd. (TSX VENTURE: OSK; FRANKFURT: EWX) freut sich, die folgenden Ergebnisse des metallurgischen Phase-II-Programms auf dem Goldgrundstück Canadian Malartic, das sich zu 100% in seinem Besitz befindet, bekannt zu geben. Die gesamte Gewinnung von 86 individuellen Laugungstests des direkten Gesamterz-Cyanidationsprozesses wird bei einem Durchschnitt von 84% der Mischproben bestätigt, welche die Hauptlithologien der Lagerstätte darstellen, von denen jede einen Gehalt von etwa 1,1 g/t Au aufweist und bis zu 80% minus 200 Mesh-Größe aufbereitet wurde.
Die Flotationsarbeiten, die bei einigen Lithologien auf eine gute Gewinnung von Gold zu einem primären Konzentrat hindeuteten, erwiesen sich jedoch nicht als gut genug für das gesamte Mühlenmaterial. Die direkte Gesamterz-Cyanidationsverarbeitung wies eine hohe Gewinnung auf, weshalb auf dem Flotationsweg keine weiteren Arbeiten mehr durchgeführt werden.
Das metallurgische Testprogramm gelangt nun zur weiteren Optimierung in die Phase III. Laugungstests werden in mehreren Brüchen unterschiedlicher Größe und Laugungszeit wiederholt, um die optimalen Gewinnungsbedingungen zu bestätigen. Phase III beinhaltet auch zusätzliche Arbeiten, wie etwa die Simulation zur Bestätigung der unterschiedlichen Möglichkeiten bezüglich der Anordnung des Mahlkreislaufs. Diese werden die wirtschaftliche Grundlage für eine endgültige Entscheidung hinsichtlich der Kapazität und der besten Betriebsbedingungen für die Verarbeitungsanlage bei Canadian Malartic darstellen.
Die detaillierten Testarbeiten von Phase III sollten wie ursprünglich geplant bis zum Ende des ersten Quartals 2008 abgeschlossen sein. Ein Phase-IV-Testprogramm wird sich bis in das zweite Quartal 2008 erstrecken und soll den Reagenzverbrauch einstellen und die Homogenität der metallurgischen Ergebnisse der gesamten Lagerstätte bei unterschiedlichen Erzgehalten und Materialstandorten bestätigen. Die Ergebnisse der oben genannten Testprogramme werden die Kriterien der Prozessplanung für die Machbarkeitsstudie festlegen, die Ende des dritten Quartals 2008 veröffentlicht wird.
Des Weiteren weisen vorläufige wirtschaftliche Evaluierungen, die auf einer Gewinnung von 84% basieren, auf günstigere Wirtschaftsdaten des Projektes bei einer Produktionsrate von 50.000 bis 55.000 Tonnen pro Tag (tpd) oder mindestens 18 Millionen Tonnen pro Jahr hin. Dies wird zu einer gesteigerten jährlichen Goldproduktion führen und sich günstig auf das Projekt auswirken, da die Betriebskosten gesenkt und der Gewinn somit erhöht wird. Ein dritte Kugelmühle und zusätzliche Laugungstanks werden erworben, um die Tonnage des ursprünglichen Projektkriteriums von 40.000 tpd weiter zu steigern. Ersten Gesprächen mit Lieferanten zufolge haben die Lieferzeiten für die zusätzliche Mühle und Laugungstanks keinen Einfluss auf den Zeitplan des Projektes.
Sean Roosen, President und CEO von Osisko, sagte: Diese metallurgischen Arbeiten stellen die Grundlage für einen weiteren bedeutenden Meilenstein bei der Erschließung des Projektes Canadian Malartic dar. Die Steigerung der Produktionsrate ist zur Gänze mit dem Zeitrahmen des Projektes vereinbar, da sich Osisko bereits einen Großteil des Verarbeitungsequipments gesichert hat. Osisko unterzeichnete Verträge mit Metso Minerals, ABB, FLSmidth Minerals und General Electric Canada, um eine SAG-Mühle mit 38 Fuß, zwei Kugelmühlen mit 24 Fuß, einen Rotationsbrecher und sämtliches elektrisches Steuerequipment zu erwerben. Osisko erwartet die ersten Lieferungen im zweiten Quartal 2009 und investierte als Teil der Projektkapitalisierung bereits $ 21 Millionen in dieses Equipment. Diese Tätigkeiten wurden im Jahr 2006 durchgeführt, um unsere Führungsrolle zu festigen; die Festschreibung der Preise macht sich nun für unsere Aktionäre bezahlt, da wir den Schutz der Kosten und des Lieferdatums dieser wichtigen Geräte sichergestellt haben.
Sämtliche metallurgischen Testarbeiten werden von SGS Lakefield Research anhand von Mischproben durchgeführt, die vom frischen NQ-Kern aufbereitet wurden, der auf der gesamten Lagerstätte entnommen wurde, um eine repräsentative Kombination aller Erzarten und Lithologien zu liefern, die in der tatsächlichen Minenanlage gefunden werden.
Osisko Exploration Ltd. evaluiert zurzeit die Goldlagerstätte Canadian Malartic sowie die angrenzenden Gebiete für einen umfangreichen Tagebaubetrieb mit enormen Tonnagen. Das Unternehmen ist mit einem Barbestand von etwa $ 180 Millionen außerordentlich kapitalkräftig und führt auf dem Grundstück zurzeit intensive Definitionsbohrungen sowie ein Explorationsprogramm durch. Die Veröffentlichung einer vorläufigen Bewertung und wirtschaftlichen Evaluierung des Projektes ist für Ende des ersten Quartals 2008 geplant.
Denis Cimon, Eng. M.SC. und Manager of Mineral Processing von Osisko, ist die qualifizierte Person, die für die technischen Informationen dieser Pressemitteilung verantwortlich ist.
Für weitere Informationen kontaktieren Sie bitte:
Mr. John Burzynski
Vice-President Corporate Development
Tel.: +1 (514) 735-7131
oder
Daniel Boase, Anlegerbetreuung
Tel.:. +1 (416) 742-5600
Gebührenfrei: +1-866-580-8891
Webseite: www.osisko.com
Für die Richtigkeit der Übersetzung wird keine Haftung übernommen! Bitte Englische Originalmeldung beachten!

Quelle: dpa-AFX

News druckenName Aktuell Diff.% Börse
Osisko Exploration L.. 4,07 +5,71% XETRA
Auswahl News [100 Treffer/ 7 Seiten] Seite:1 2 3 .. 7
Datum/Zeit News Quelle
12.02.08 09:56 IRW-News: Osisko dpa-AFX
12.02.08 09:04 Hugin-News: Cisco dpa-AFX
12.02.08 07:31 Hugin-News: MorphoSys AG dpa-AFX
11.02.08 18:50 Negative Vorgaben belasten Eurostoxx50 HB.com
11.02.08 18:45 Aktien Europa Schluss: Verluste - Negative US-Vorgaben belasten dpa-AFX
11.02.08 18:35 Scoach News: Scoach (Frankfurt) - Anleger im Goldrausch dpa-AFX
11.02.08 16:49 Devisen: Eurokurs sinkt wieder unter 1,45 US-Dollar dpa-AFX
11.02.08 16:33 IRW-News: VIOR EXPL. dpa-AFX
11.02.08 14:35 Scoach News: Scoach (Frankfurt) - Im Schatten von Konjunkturängsten und Ölpreisspirale dpa-AFX
11.02.08 13:30 Börse Stuttgart-News: EUWAX Trends am Mittag dpa-AFX
11.02.08 12:52 DGAP-Stimmrechte: Bilfinger Berger AG (deutsch) dpa-AFX
11.02.08 11:49 Aktien Europa: Knapp behauptet - Societe Generale unter Druck dpa-AFX
11.02.08 11:47 ots.CorporateNews: Börse Berlin / IKB Aktien stürzen ab, Rohstoff-Titel mit Zuwächsen dpa-AFX
11.02.08 11:24 Börse Stuttgart-News: EUWAX Trends am Morgen dpa-AFX
11.02.08 11:11 DGAP-News: trading-house.net AG - Monday Report (deutsch) dpa-AFX
[100 Treffer/ 7 Seiten] Seite:1 2 3 .. 7Audio-News
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Beitrag112/144, 11.03.08, 07:53:43 
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Mar 10, 2008 14:31 ET
Osisko Signs $20 Million Unsecured Debt Financing
MONTREAL, QUEBEC--(Marketwire - March 10, 2008) - Osisko Exploration Ltd. (TSX:OSK)(FRANKFURT:EWX) is pleased to announce that it has entered into an agreement with Solidarity Fund QFL (the Fund) to obtain a $20 million unsecured debt financing for a seven-year term. The debt will carry 9.5% interest, payable in shares or cash prior to commercial production, and in cash thereafter. Principal will be repaid in a minimum of 48 equal installments commencing the earlier of commercial production or 36 months from closing.

The Company will also grant the Fund 1,100,000 warrants exercisable within 60 months at a price of $7.46. The Company may accelerate the exercise of warrants if Osisko's shares trade at a significant premium to the exercise price during the term of the warrants.

The transaction is subject to the completion of due diligence and customary documentation, and is expected to close prior to the end of the first quarter of 2008.

Sean Roosen, President & CEO of Osisko, commented: "We are very pleased with the Fund's financial participation in the Canadian Malartic Project. It is a strong vote of confidence on their part in the viability of our project."

Gaetan Morin, Executive Vice-President-Investments of the Fund, commented: "The Solidarity Fund QFL is proud to support Osisko in the development of the Canadian Malartic gold project located in Abitibi. Our investment will allow Osisko to acquire some equipment necessary for a mine start-up in late 2010, which will create up to 400 jobs in the region. This world class project will contribute significantly to the Abitibi economy, and demonstrates the strong mineral potential of Quebec."

About Osisko

Osisko Exploration Ltee is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $180 million on hand and is carrying out an aggressive definition drilling and exploration campaign on the Canadian Malartic deposit and surrounding properties.

About the Solidarity Fund QFL

With net assets of over $7.4 billion as at November 30, 2007, the Solidarity Fund QFL is a development capital company that, through its RRSP, channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and to further Quebec's economic growth. The Fund is a partner, either directly or through its network members, in 1,696 companies. It currently has more than 575,000 shareholders and has helped, on its own or with other financial partners, to create, maintain and protect over 122,000 jobs. For more information, visit www.fondsftq.com
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Beitrag111/144, 26.03.08, 15:53:57 
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Mar 26, 2008 10:41 ET
Osisko Confirms New Bulk Tonnage Gold Target in Western Porphyry Zone
Drill results include 166.5 metres averaging 1.01 g/t Au

MONTREAL, QUEBEC--(Marketwire - March 26, 2008) - Osisko Exploration Ltd. (TSX:OSK)(FRANKFURT:EWX) is pleased to announce results from an initial ten hole, 3600 metre drill program on the Amphi property, located immediately northwest of and contiguous to Osisko's 100%-owned Canadian Malartic gold property. Drilling was focused on the Western Porphyry Zone, located approximately 2 km northwest of the center of the Canadian Malartic deposit. The program tested a porphyry intrusion along 1200 metres of strike length on sections spaced 200 metres apart. Significant results included 1.01g/t Au over 166.5m (from 32.5m - 199.0m) in hole EA08-2011, which also included a higher grade intercept of 6.12 g/t Au over 7.5m. All reported holes are oriented southwest or northeast, perpendicular to regional fabric and are inclined 50 degrees. Significant results are summarized in the table below:




--------------------------------------------------------------------------Hole No. Dip Easting From To Length Au g/t (m) (m) (m) --------------------------------------------------------------------------EA08-2010 50NE WP 200E 13.9 54.3 40.4 0.55And 188.5 241.0 52.5 1.16including 238.0 239.5 1.5 14.6EA08-2011 50NE WP 400E 32.5 199.0 166.5 1.01including 32.5 40.0 7.5 6.12And 256.0 277.0 21.0 0.51EA07-2012 50SW WP 400E 15.6 18.5 2.90 10.4And 85.0 185.0 100.0 0.61EA07-2013 50NE WP 600E NILEA07-2014 50SW WP 600E 175.5 205.0 29.5 0.46And 273.4 296.3 22.0 0.50--------------------------------------------------------------------------



Mineralization consists of fine disseminated/stockwork pyrite and gold in potassic and/or carbonate-altered porphyry and mafic/ultramafic volcanics. The porphyry mineralization is similar to that of the F Zone of the Canadian Malartic deposit. Occasional higher grade intersections (greater than 4 g/t Au) are related to classic Abitibi vein-type mineralization cutting the host lithologies.

This initial program suggests the Western Porphyry Zone is constrained to a block 400 to 500 m long, 200 to 250 metres wide and 100 to 150 metres deep. The encouraging initial results indicate this block hosts potential for additional near-surface low-grade gold resources amenable to open-pit mining. Further drilling will be conducted on a 100 metre grid spacing between sections WP 100E and WP 600E.

Drill hole EA07-2009 (which tested section WP 00E) and drill holes EA07-2015 to EA07-2018 (which tested sections WP 800E and WP 1000E) did not return significant intersections. Previously reported drill hole CM07-1011 intersected 238.3m averaging 0.64g/t Au on section WP 1200E (see press release dated August 27, 2007). This hole is currently interpreted to represent the western limit of a separate mineralized zone (distinct from the Western Porphyry Zone) identified by historic drilling under the town of Malartic.

Sean Roosen, President and CEO of Osisko, commented: "Osisko has spent the last twelve months focusing on the infill drilling to upgrade our resource on the Canadian Malartic deposit to the measured and indicated category, which we expect to see by mid-summer. As Osisko nears completion of the infill program, the drilling at Malartic is now shifting to exploration. The positive early results from Western Porphyry, in addition to what we have already reported from South Barnat, suggest there is excellent potential to add new ounces. We're just getting started in 2008, and it's already looking like we'll have an exciting year on the exploration front."

All NQ core assays reported above were obtained by standard 50 g fire assaying-AA finish at ALS Chemex laboratories in Val d'Or, Quebec. Reported weighted averages were calculated using a minimum of 0.4 g/t Au over successive maximum intervals of 20 metres with no upper cut-off of individual assays.

Osisko Exploration Ltd. is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $180 million on hand and is carrying out an aggressive definition drilling and exploration campaign. An updated NI 43-101 compliant inferred gold resource estimate on the main Canadian Malartic deposit was released on July 5, 2007 and the full report is available on SEDAR.

Mr. Robert Wares, P. Geo. and Executive Vice-President of Osisko, is the Qualified Person responsible for the technical information reported in this news release.
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Beitrag110/144, 28.03.08, 23:41:46 
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Smile

Mar 28, 2008 17:35 ET
Osisko to Release Results of Scoping Study and Hold Conference Call Monday March 31stMONTREAL, QUEBEC--(Marketwire - March 28, 2008) - Osisko Exploration Ltd. (TSX:OSK)(FRANKFURT:EWX) is pleased to announce that the Preliminary Assessment Study on the Canadian Malartic gold project has been completed. The results of the Study will be released prior to the TSX market open on Monday March 31st. Osisko Management will subsequently host a conference call at 10:00 a.m. eastern standard time.

To join Monday's call, interested parties should dial one of the following numbers:

International and Toronto area: 416-850-9144

North American toll free: 1-866-400-3310

An operator will direct participants to the call.
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Beitrag109/144, 01.04.08, 08:21:58 
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Very Happy Smile
2008-03-31 07:36 ET - News Release

Mr. Sean Roosen reports

OSISKO TABLES PRELIMINARY ASSESSMENT STUDY ON CANADIAN MALARTIC PROJECT

Osisko Exploration Ltd. has released results of the preliminary assessment study of its 100-per-cent-owned Canadian Malartic gold project located in Malartic, Que. The study was compiled by BBA Inc., with the collaboration of RSG Global Consulting, G Mining Services, Genivar, Golder Associates and the Osisko Technical Group. Osisko released its current inferred resource of 8.4 million ounces of gold in mid-2007 (see July 5, 2007, news in Stockwatch). For the purposes of this preliminary assessment study, only in-pit inferred resources between surface and a vertical depth of 400 metres were considered. A gold price of $775 per ounce was assumed for the financial analysis, and current market prices for all materials were applied. All dollar amounts presented in this press release are expressed in United States dollars. An exchange rate of 1.10 was used with respect to Canadian expenditures.

Results of the study are highly encouraging and Osisko is continuing to work toward definitive feasibility on the Canadian Malartic project, expected to be delivered by year-end. The study shows that over the first three years of production, Canadian Malartic will average 572,000 ounces of gold per year at an average head grade of 1.05 grams per tonne (g/t) Au and with cash costs averaging $314 per ounce (including royalties). Over the first three years, the operation would generate pretax cash flow of $731-million. Over a projected 14-year mine life, the current deposit would produce an average of 457,800 ounces of gold per year at an average cash cost of $381 per ounce (including royalties), generating pretax operating cash flow of $2.58-billion, with over $1-billion pretax cash flow generated in the first five years of production. The study shows an internal rate of return (using a 5-per-cent discount rate) of 22.2 per cent and possible payback period of 39 months.


SUMMARY HIGHLIGHTS OF THE STUDY

Estimated mined gold (oz) 7,794,000 (Whittle pit constrained)
Estimated net
recoverable gold (oz) 6,547,000 (based on 84% recovery)
Average annual gold
production (oz) 457,800 (572,000 -- year 1 to 3)
Cash cost per ounce
Before royalties $369 ($301 -- year 1 to 3)
With royalties $381 ($314 -- year 1 to 3)
Initial investment (CAPEX) $760,000,000
CAPEX per ounce $116
Sustaining capital $59,000,000
Closure costs $52,000,000
Operating cash flow pretax $2,582,000,000
IRR -- pretax
(5 per cent discount) 22.2%
Payback 39 months
Mine life 14.3 years


Capital expenditures are estimated at $760-million (which includes contingency of $72.6-million), giving the project a capital expenditure per recoverable ounce of $116, within current industry norms for the best gold projects in the world. Osisko has already paid approximately $30-million toward capital expenditures in the form of capital equipment purchases (milling equipment) and the relocation plan (home and land purchases and initial sector 7 development), leaving remaining capital investment requirement of the project at approximately $733-million (including contingency of $72.6-million). It is also estimated that only 15 per cent of operating costs will be diesel purchases, limiting the project exposure to rising oil prices.

Sean Roosen, president and chief executive officer of Osisko, commented: "We are very pleased with the positive results of our preliminary assessment study. Canadian Malartic continues to demonstrate that it is a solid world-class gold project in what the 2007 Fraser Institute survey indicates is the best mining jurisdiction in the world. At $116 per ounce of construction and development costs, we are in line with other similar-sized projects globally. While our capital outlay estimate reflects the increased cost pressure that all new projects have been facing in the current market environment, we believe that our early call in procuring our SAG mill, initial two ball mills and other ancillary equipment minimizes the impact of the inflation experienced by our industry. We are now moving forward quickly toward our goal of making Osisko the next premium intermediate gold producer, with no legacy issues and very limited exposure to either geopolitical or energy cost volatility.

"The study shows that on its own, the main deposit provides strong returns in the current environment. It will be the foundation for further growth of the company through the drill definition of new resources on the company's current targets, potential new discoveries in other areas on its large land position, and the possibility of new acquisitions within trucking distance from its proposed mill site.

"Over the next 12 to 18 months, we will be drill defining several of its near-surface mineralized zones that have the potential to provide higher-grade resources for blending opportunities and increased early debt paydown, such as the South Barnat zone. We will also look at deeper targets as we have only really explored to depths of 400 metres to date."

Location

The Canadian Malartic project is located 25 kilometres west of Val d'Or in the rich gold mining district between Val d'Or and Cadillac. The project is easily accessible by road being located near highway 117 and is serviced by a railway. Electrical power is easily accessible with the project being located within nine kilometres from Hydro-Quebec's electrical power grid. The region also benefits from a strong contractor and supplier base to the mining industry and an experienced mining work force. The greater Malartic area produced some 8.7 million ounces of gold during the period ranging from 1938 to 1983.

The company has entered into commitments on many long lead items and has received firm quotations which it expects to execute within the next 30 days for total purchases of $200-million. Accordingly, no contingency has been applied to those purchases. A contingency provision of 15 per cent has been estimated on the remaining project outlays. The level of accuracy of the capital investment estimate is plus or minus 25 per cent.

The investment program is scheduled over a two-year period. Sustaining capital is estimated at $59-million and mainly for additional mining equipment. Closure cost provisions amount to $52-million.

Mining

The preliminary mining plan has been established using the inferred resources calculated by RSG Global Consulting Pty. Ltd. An open-pit optimization was performed using Whittle software, which is based on the Lerchs-Grossmann algorithm. The pit optimization resulted in an estimated mining resource conversion rate of 92 per cent relative to the published inferred resource.


SUMMARY OF THE ANNUAL MINING EXCAVATION PLAN

Period Ore mined Waste mined Total mined Stockpile reclaim Total moved
(kt) (kt) (kt) (kt) (kt)

-1 6,568 8,432 15,000 15,000
1 24,193 23,807 48,000 48,000
2 28,715 19,285 48,000 48,000
3 18,071 29,929 48,000 5,921 53,921
4 16,482 31,518 48,000 3,594 51,594
5 16,104 33,896 50,000 3,970 53,970
6 15,627 34,373 50,000 4,448 54,448
7 18,747 31,253 50,000 1,328 51,328
8 22,116 27,884 50,000 50,000
9 23,541 26,459 50,000 449 50,449
10 18,446 16,554 35,000 1,776 36,776
11 19,731 15,269 35,000 345 35,345
12 20,501 14,499 35,000 35,000
13 21,793 13,207 35,000 35,000
14 17,062 7,888 24,950 3,400 28,350
15 6,647 6,647
------- ------- ------- ------ -------
Total 287,697 334,253 621,950 31,878 653,828
------- ------- ------- ------ -------

The deposit will be mined by conventional open-pit mining methods using an initial fleet of 12- to 218-tonne haul trucks, two electric hydraulic shovels and various ancillary equipment to support the mining operations.

The mine production daily rate, including waste, is estimated at 120,000 tonnes per day. The ore-to-waste ratio is estimated at 1.16 to one. The pit design includes an interramp pit slope of 55 degrees.

Mining costs have been estimated at an average of $1.52 per tonne mined. Fuel price assumption is based on $83 per barrel of oil. The average annual fuel consumption is estimated at 28 million litres.

Mineral processing

The plant design is a conventional cyanidation and carbon-in-pulp plant with a nominal throughput capacity of 55,000 tonnes per day (20 million tonnes per year) based on 92-per-cent plant availability. Gold recovery is estimated at 84 per cent, based on an average head grade of 1.2 g/t Au for design criteria.

Grind is estimated at P80 equals 65 microns with an average leach time of 30 hours.

The design is based on numerous tests being conducted at various laboratories. Continuing optimization studies are currently under way.

In order to minimize the environmental impact of the project, the use of thickened tailings disposal technology has been selected. The actual proposed plan is to dispose of the tailings over the former East Malartic tailings area.

The mineral processing costs, including tailings operations and power, are estimated at $4.55 per tonne milled.

Operating costs

Total operating costs, including 60 cents per tonne for general and administration costs, are estimated at $8.43 per tonne milled or an average of $369 per ounce before royalties.


SUMMARY PER YEAR
(based on an average gold recovery of 84 per cent)

Year Tonnes Average Gold Cost/ounce Cost/ounce
milled grade production excluding including
(thousands) (g/t Au) (thousands royalties royalties
of ounces)

2011 20,075 1.02 556 311 325
2012 20,075 1.13 615 277 289
2013 20,075 1.00 544 319 331
2014 20,075 0.82 447 383 394
2015 20,075 0.74 403 436 448
2016 20,075 0.65 354 500 512
2017 20,075 0.76 414 428 440
2018 20,075 0.83 450 398 410
2019 20,075 0.90 486 374 385
2020 20,075 0.76 411 390 401
2021 20,075 0.76 413 390 402
2022 20,075 0.81 438 371 383
2023 20,075 0.87 474 347 359
2024 20,075 0.87 473 319 330
2025 6,647 0.39 70 530 542
------- ---- ----- --- ---
Total 287,697 0.84 6,547 369 381


Rate of return

Under the base-case scenario at a gold price at $775 per ounce, the internal rate of return (IRR) is estimated at 22.2 per cent before taxes and is unleveraged.


SENSITIVITIES UNDER VARIOUS PRICE SCENARIOS

Gold price($) IRR (%) NPV at 5% discount(M$) NPV at 0% discount(M$)

650 13.0 394.5 904.7
775 22.2 952.3 1,710.8
900 30.5 1,464.1 2,516.9
1,000 36.8 1,891.9 3,161.7


Financing

The company has initiated discussions with financial institutions with respect to financing the project. The company currently has cash resources of approximately $160-million, and has invested $30-million as progress payments on capital expenditures. In addition, the company has negotiated a $20-million unsecured financing with the Solidarity Fund QFL, which is expected to close in early April.

Path forward

The company is working to complete the feasibility study and the environmental impact assessment by the end of the third quarter/early fourth quarter 2008. The infill drilling program at the Canadian Malartic property is scheduled for completion at the end of March, 2008, with full assay results being available in May. The measured and indicated resource estimate on the entire deposit is to be released in July, 2008. Subsequently, upon final pit design, a probable reserve calculation will be completed for definitive feasibility purposes.

Mr. Roosen noted: "We have an aggressive plan to move the Canadian Malartic project to production by the end of 2010. During the next six months, we will be focused on completing the definitive feasibility study, optimizing the capital program, operating plans and securing project financing."

Detailed report

The entire preliminary assessment study will be available as of April 1, 2008, at SEDAR and on the company's corporate website.

This preliminary assessment study is conceptual in nature as it is based on the inferred resource, which at this stage does not have a high-enough geostatistical level of confidence to provide the economic basis for a production decision. The company is completing its infill drilling program and additional study, which if positive, may advance the project to the definitive feasibility level.

Qualified person

The preliminary assessment study was prepared by BBA under the supervision of David Runnels, a registered professional engineer, an independent qualified person under the standards set forth by National Instrument 43-101. Luc Lessard, vice-president of engineering and construction for Osisko and a registered professional engineer, is the company's designated qualified person for the purposes of the study. Mr. Runnels and Mr. Lessard have reviewed and approved the contents of this press release.

Conference call

Osisko will host a conference call on Monday, March 31, at 10 a.m. ET, where senior management, the Osisko Technical Group and BBA representatives will discuss the study and will be available to respond to questions from analysts and investors. Those interested in participating in the conference call should dial in at 416-850-9144 (Toronto local and international), or 1-866-400-3310 (North American toll-free). An operator will direct participants to the call.

We seek Safe Harbor.
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Beitrag108/144, 15.04.08, 09:24:03 
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irgendwann muß doch mal eine Gegenreaktion erfolgen.................!

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Beitrag107/144, 17.04.08, 15:10:57 
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Apr 17, 2008 08:57 ET
Osisko Intersects Significant Gold Mineralization Over 800 Metres Strike Length at Jeffrey
Results include 54 metres averaging 1.25 g/t Au
MONTREAL, QUEBEC--(Marketwire - April 17, 2008) - Osisko Exploration Ltd. (TSX:OSK)(DEUTSCHE BOERSE:EWX) and Golden Valley Mines Ltd. (TSX VENTURE:GZZ) are pleased to announce results from a 2400 metre drill program on the Jeffrey Zone of the Malartic CHL property. The Jeffrey Zone is located at the southern extremity of the CHL porphyry intrusion, approximately 3.5 km east of the center of the Canadian Malartic deposit. This mineralized zone was tested with nine holes spaced 100 m apart along a total strike length of 800 metres. All holes in the Jeffrey Zone were oriented south, perpendicular to regional E-W fabric and were inclined 45 to 50 degrees. Significant near surface results include 53.9m averaging 1.25 g/t Au (hole CHL07-2022) and 40.5m averaging 1.39 g/t Au (hole CHL07-2021). Higher grade, deeper drilling results include 1.5m averaging 109.5 g/t Au (hole CHL07-2027) and 1.5m averaging 14.65 g/t Au (hole CHL07-2029). Results from the nine new holes are summarized in the table below:




---------------------------------------------------------------Hole No. Easting From (m) To (m) Length (m) Au g/tCHL07-2021 7300E 24.5 65.0 40.5 1.39CHL07-2022 7400E 12.1 66.0 53.9 1.25And 126.0 148.0 22.0 1.12CHL07-2023 7500E 62.8 85.3 22.5 0.99CHL07-2024 7600E 45.8 62.7 16.9 1.08CHL07-2025 7700E NILCHL07-2026 7800E 152.0 160.0 8.0 3.11CHL07-2027 7900E 137.0 138.5 1.5 109.5CHL07-2028 8000E 105.3 154.5 49.2 0.60And 183.0 196.5 13.5 1.12CHL07-2029 8100E 197.8 199.3 1.5 14.65And 220.3 223.8 3.5 5.48---------------------------------------------------------------



Mineralization in the Jeffrey Zone consists of disseminated pyrite-gold in porphyry dykes and of narrower, higher grade mineralization in silicified porphyry or ultramafic schists. True widths are estimated at 70 to 80% of mineralized intersections. The zone remains open to the east and at depth.

Current structural interpretation indicates that the Jeffrey Zone and the Shaft Zone are located at the southern and northern extremities, respectively, of the CHL porphyry intrusion, which has been deformed into a Z-shaped body by sinistral strike-slip motion along the Cadillac Break. Initial drilling in the Shaft Zone by Osisko produced 8.4 metres averaging 8.82 g/t Au (see press release dated August 7, 2007). The geological model suggests potential for additional mineralization along dilation zones at the contact between the porphyry and the ultramafic schists, between the Jeffrey and Shaft Zones. Definition drilling on these zones will begin shortly, followed by reconnaissance drilling between the zones, aimed at testing the geological model.

Commenting on the new exploration results, Sean Roosen, President of Osisko stated: "We are very pleased with these latest drilling results on the Golden Valley joint-venture property. The Jeffrey and Shaft Zones demonstrate that the CHL property hosts significant potential to add to Osisko's resource balance sheet with both shallow, low-grade porphyry material as well as narrower, deeper, higher grade underground zones that could have a positive effect on the per-ounce mining and milling costs."

Osisko has the right to acquire a 70% interest in the Malartic CHL Property in consideration for $150,000 in cash payments over a four year period ($70,000 paid to date) and by completing a minimum $2,000,000 in exploration work over a four year period. Upon earning its 70% interest, Golden Valley will maintain a free-carried interest of 30% to production.

All NQ core assays reported above were obtained by standard 50 g fire assaying-AA finish at ALS Chemex laboratories in Val d'Or, Quebec. Reported weighted averages were calculated using a minimum of 0.4 g/t Au over successive maximum intervals of 20 metres with no upper cut-off of individual assays.

Osisko Exploration Ltd. is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $160 million on hand and is carrying out an aggressive definition drilling and exploration campaign. An updated NI 43-101 compliant inferred gold resource estimate on the main Canadian Malartic deposit was released on July 5, 2007 and the full report is available on SEDAR.

Mr. Robert Wares, P. Geo. and Executive Vice-President of Osisko, is the Qualified Person responsible for the technical information reported in this news release
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Beitrag106/144, 22.04.08, 14:08:11 
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Apr 22, 2008 08:00 ET
Osisko Confirms New Gold Zone South of Main Canadian Malartic Deposit
MONTREAL, QUEBEC--(Marketwire - April 22, 2008) - Osisko Exploration Ltd. (TSX:OSK)(FRANKFURT:EWX) is pleased to announce results from a preliminary 2160 metre drill program on the Gouldie Zone on it's 100%-owned Canadian Malartic property. The Gouldie Zone is located approximately 1200 metres southeast from the center of the Canadian Malartic deposit. Seven holes spaced 60 metres apart tested the mineralized zone over an east-west strike length of 360 metres. An eight hole located 140 metres north of the longitudinal section (CM07-1442) tested the down-dip extension of the mineralization. All holes were oriented south, perpendicular to regional E-W fabric and were inclined 50 to 75 degrees.

Significant results include 61.5m averaging 1.53 g/t Au (hole CM07-1511) and 120.5m averaging 0.88 g/t Au (hole CM07-1472). Higher grade intercepts included 17.5m averaging 3.00 g/t Au (hole CM07-1472) and 4.5m averaging 8.03 g/t Au (hole CM07-1499). Results from the eight holes are summarized in the table below:





----------------------------------------------------------------------Hole No. Easting From (m) To (m) Length (m) Au g/tCM07-1442 4820E 251.0 276.5 25.5 1.27CM07-1462 4760E 72.8 82.5 9.7 0.75And 135.5 170.0 34.5 0.68And 313.0 336.2 23.2 0.53CM07-1472 4820E 30.5 151.0 120.5 0.88including 69.0 86.5 17.5 3.00CM07-1499 4880E 86.3 122.5 36.2 0.90And 249.0 282.0 33.0 1.68including 277.5 282.0 4.5 8.03CM07-1511 4940E 32.5 75.0 42.5 0.56And 101.0 162.5 61.5 1.53CM07-1532 5000E 37.3 67.5 30.2 0.59And 113.0 141.0 28.0 0.73CM06-1012(ii) 5060E 11.0 66.8 55.8 0.87CM07-1555 5120E 49.5 72.5 23.0 1.03----------------------------------------------------------------------(ii)previously reported on May 8, 2007



Mineralization in the Gouldie Zone consists of disseminated pyrite-gold in silicified and/or potassic altered sediments and porphyry dykes, similar to mineralization found at Canadian Malartic. These results indicate the Gouldie Zone dips steeply to the north and remains open in all directions. True thickness is estimated at between 40 and 80 metres.

Commenting on the new exploration results, Sean Roosen, President of Osisko stated: "We are very pleased with these latest exploration drilling results on the Gouldie Zone. These results, as well as the recently announced results from the Jeffrey Zone, a totally separate zone located to the east, demonstrate that our property package in the Malartic area still offers excellent potential to add more ounces to our resource book, above and beyond what we have already defined in the Canadian Malartic deposit. We have also begun definition drilling on our most promising target, the South Barnat Zone, and we are confident that this will allow us to maintain positive news flow in the months to come."
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Beitrag105/144, 23.04.08, 15:01:34 
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Apr 23, 2008 08:55 ET
Osisko Announces US$83 Million Financing From Cat Financial and Acquires Canadian Malartic Mining Fleet
MONTREAL, QUEBEC--(Marketwire - April 23, 2008) - Osisko Exploration Ltee (TSX:OSK)(FRANKFURT:EWX) is pleased to report that it has entered into an agreement with Hewitt Equipment Limited to acquire the mining fleet for its Canadian Malartic Gold Project. The fleet will include 12 Caterpillar® 793F - 227 tonne haul trucks, 2 O&K RH340BFS Electric loading units and various construction and auxiliary Caterpillar mining equipment. The commitment is for approximately US$83 million.

Caterpillar Financial SARL ("Cat Financial (Zurich)") of Zurich, Switzerland, has agreed to arrange and provide for financing through Caterpillar Financial Services Limited in Canada. The initial tranche of the financing will be to procure initial mobile equipment for construction valued at approximately US$5 million, and is expected to be available upon the delivery of the equipment in June 2008. The remaining amount will be made available in 2009 and 2010 and is repayable over a 60-month period. The agreement is subject to satisfaction of various conditions precedent.

Sean Roosen, President and CEO of Osisko, noted: "We are pleased to reach this important milestone in the Canadian Malartic Project and to join forces with Hewitt Equipment, a very strong and well established Cat® dealership, to support our operations of the Canadian Malartic Project. Their extensive branch network in Quebec, including their Val-d'Or location, will minimize our investment in working capital. We will also be able to benefit from Hewitt technical expertise and Caterpillar's training experience to maximize our productivity and minimize our operating costs. We also appreciate the confidence that Cat Financial has in our Project and our people in funding our mining equipment fleet. This agreement ensures that Osisko will have the necessary equipment to fast-track the development of the Project, in accordance with the schedule outlined in the Preliminary Assessment Report issued on March 31, 2008."

Mr. Jim Hewitt, President and CEO of Hewitt Equipment, noted: "It is both an honour and a privilege for Hewitt Equipment to be associated with Osisko Exploration, an organization who will operate the largest open-pit gold mine in Quebec. Osisko's high standards of professionalism and respect for people, for the environment and for the community are values that are very much aligned with those of Hewitt Equipment.

This is a great opportunity to contribute to the economic development of the Abitibi Region, a very dynamic part of the province of Quebec, and to further reinforce our presence in this area, particularly in Malartic and Val-d'Or."
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Beitrag104/144, 12.05.08, 16:07:34 
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May 12, 2008 10:01 ET
Osisko Closes $20 Million Unsecured Debt Financing
MONTREAL, QUEBEC--(Marketwire - May 12, 2008) - Osisko Exploration Ltee (TSX:OSK)(FRANKFURT:EWX) is pleased to announce that it has closed its previously announced agreement with Solidarity Fund QFL (the Fund) for a $20 million unsecured debt financing having a seven-year term. The debt will carry 9.5% interest, payable in shares or cash prior to commercial production and in cash thereafter. Principal will be repaid in a minimum of 48 equal installments commencing on the earlier of commercial production of the Canadian Malartic Project or 36 months from closing.

The Company also granted the Fund 1,100,000 warrants exercisable within 60 months at a price of $7.46. The Company may accelerate the exercise of warrants if Osisko's shares trade at a significant premium to the exercise price during the term of the warrants.

Sean Roosen, President & CEO of Osisko, commented: "We are extremely pleased with the Fund's financial participation in the Canadian Malartic Project. Our gold project will have a significant impact on the Abitibi economy and it is anticipated that 400 jobs will be created over a period of at least 15 years."

About Osisko

Osisko Exploration Ltee is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $170 million on hand and is carrying out an aggressive definition drilling and exploration campaign on the Canadian Malartic deposit and surrounding properties.

About the Solidarity Fund QFL

With net assets of over $7.4 billion as at November 30, 2007, the Solidarity Fund QFL is a development capital company that through its RRSP channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and to further Quebec's economic growth. The Fund is a partner, either directly or through its network members, in 1,696 companies. It currently has more than 575,000 shareholders and has helped, on its own or with other financial partners, to create, maintain and protect over 122,000 jobs. For more information, visit www.fondsftq.com
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Beitrag103/144, 09.07.08, 23:42:30 
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Jul 09, 2008 10:37 ET
Osisko Initiates House Relocation Program
MONTREAL, QUEBEC--(Marketwire - July 9, 2008) - Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX) is pleased to announce that two residences from the Southern Malartic Area have been relocated to the newly developed subdivision. The transportation of the homes to their new locations was undertaken at 5:00 AM today, and was witnessed by the Malartic Town Council, several residents and representatives from Osisko. The first two homes are part of a 23-home demonstration phase of the 160-home relocation program.

Sean Roosen, President and CEO noted: "We are pleased with reaching this significant milestone for our Canadian Malartic Project. The achievement comes after extensive consultation with the residents and their elected officials. We would like to extend our gratitude to the citizens of Malartic and the Town Council for their confidence in Osisko. We would also like to thank our employees and contractors who have made this milestone a reality."

The complete relocation program is expected to be carried over the next 18 months at an estimated cost of $82 million.

About Osisko

Osisko Mining Corporation is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $160 million on hand and is carrying out an aggressive definition drilling and exploration campaign on the Canadian Malartic deposit and surrounding properties.
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Beitrag102/144, 14.07.08, 16:35:47 
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Jul 14, 2008 09:22 ET
Osisko Intersects 178 Metres Averaging 2.44 g/t Gold at South Barnat
MONTREAL, QUEBEC--(Marketwire - July 14, 2008) - Osisko Mining Corp. (TSX:OSK)(FRANKFURT:EWX) is pleased to announce new results from the definition drill program currently under way on the South Barnat Zone, a separate gold mineralized zone located approximately 1200 metres northeast of the center of the Canadian Malartic deposit. Significant new results include 2.44 g/t Au over 178.0 metres (BA08-3008) and 3.38 g/t Au over 85.0 metres in hole BA08-3016. Results from twelve new holes are tabled below:




---------------------------------------------------------------- Hole No. Section From (m) To (m) Length (m) Au g/tBA08-3006A 800E 117.0 122.0 5.0 10.65BA08-3008 550E 72.5 250.5 178.0 2.44 including 81.5 89.0 7.5 14.5BA08-3010 450E 29.5 100.0 70.5 3.32 including 60.5 66.5 6.0 13.4BA08-3011 750E 125.5 141.0 15.5 2.05BA08-3013 700E 100.5 149.0 48.5 4.85 including 130.6 136.0 5.4 17.5BA08-3015 600E 111.5 175.0 63.5 2.33 And 218.0 230.5 12.5 2.18BA08-3016 650E 73.5 158.5 85.0 3.38 including 130.5 136.0 5.5 29.9BA08-3017 500E PENDINGBA08-3018 750E 99.0 101.0 2.0 12.5BA08-3019 750E 97.6 121.0 23.4 2.34 And 182.0 183.5 1.5 20.2 And 201.0 251.2 50.2 1.58 Including 250.0 251.2 1.2 15.1BA08-3020 550E 130.5 151.8 21.3 1.00BA08-3021 450E 17.5 60.0 42.5 1.63BA08-3022 700E 196.0 297.5 101.5 2.44----------------------------------------------------------------



The definition drill program is focused on an 850 metre-long grid oriented northwest-southeast with drill sections spaced 50 metres apart. All holes on this grid are inclined 40 to 75 degrees to the northeast or southwest. True widths of the mineralized intersections reported above are 40 to 70 percent of the drilled intersections. BA08-3011 and BA08-3020 intersected underground mine workings. Drill holes BA08-3005B (no significant results), BA08-3006A and BA08-3018 did not reach the intended targets. Additional mineralization was intersected in drill hole BA08-3019 between 251.2 and 273.4 metres, but core recovery in mineralized schistose ultramafics was insufficient to allow reliable reporting of average grade. Some of the above-mentioned holes are being re-drilled with HQ diameter core in order to augment recoveries. Further assay results from South Barnat are pending.

The new drill intersections and compilation of previous work suggest that the minimum strike length of the South Barnat Zone is 775 metres with a true width between 20 and 100 metres. The mineralized zone is open to the northwest and southeast, extends to a minimum depth of 250 metres. Mineralization in the South Barnat Zone is located to the north and south of the old Barnat and East Malartic mine workings, largely along the southern edge of the Cadillac fault. The disseminated gold mineralization is hosted both in silicified greywackes of the Pontiac Group south of the fault contact and in schistose, carbonated and biotitic ultramafic rocks north of the fault contact. Porphyry dykes on both sides of the fault contain disseminated mineralization as well as late quartz veins containing visible gold. Gold mineralization in the South Barnat Zone likely extends to the east along the north and south walls of the past-producing East Malartic mine.

All NQ core assays reported above were obtained by standard 50 g fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val d'Or, Quebec. Reported weighted averages were calculated using a minimum of 0.50 g/t Au over successive maximum intervals of 20 metres with no upper cut-off of individual assays. Intersected drifts or lost core within mineralized intersections were incorporated as blank intervals.

Osisko Mining Corp. is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $160 million on hand and is carrying out an aggressive definition drilling and exploration campaign. An updated NI 43-101 compliant, measured and indicated resource estimate on the main Canadian Malartic gold deposit is scheduled for release in Q3 2008.

Mr. Robert Wares, P. Geo. and Executive Vice-President of Osisko, is the Qualified Person responsible for the technical information reported in this news release
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Beitrag101/144, 11.08.08, 11:17:37 
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OSISKO INTERSECTS 114 METRES AVERAGING 2.04 g/t GOLD

AT BARNAT

2008-07-21

(Montreal, July 21, 2008) Osisko Mining Corp. (OSK - TSX, EWX - Deutsche Boerse) is pleased to announce new results from the definition drill program currently under way at South Barnat, a separate gold mineralized zone located approximately 1200 metres northeast of the center of the Canadian Malartic deposit. Significant new results include 2.04 g/t Au over 114.0 metres (BA08-3025) and 1.58 g/t Au over 104 metres (BA08-3026). Higher grade intercepts included 5.90 g/t Au over 27.4 metres in hole BA08-3031B. Results from eight new holes are tabled below:



Hole No.
Section
From (m)
To (m)
Length (m)
Au g/t










BA08-3017
500E
72.5
124.0
51.5
1.01


And

254.7
264.3
9.6
6.45


including

263.0
264.3
1.3
37.30


And

283.7
298.4
14.7
2.20


BA08-3023
700E
131.0
223.0
92.0
2.46


And

239.5
319.0
79.5
0.79


BA08-3024
650E
125.7
146.4
20.7
2.66


BA08-3025
650E
69.0
183.0
114.0
2.04


And

208.5
247.5
39.0
0.52


BA08-3026
450E
23.0
127.0
104.0
1.58


including

34.5
40.0
5.5
9.66


including

124.0
127.0
3.0
12.42


And

281.0
334.0
53.0
1.00


BA08-3027
450E
16.5
100.1
83.6
1.34


BA08-3028
400E
56.0
90.0
34.0
2.62


including

57.5
61.5
4.0
13.08


BA08-3031B
650E
27.9
55.3
27.4
5.90


including

27.9
28.8
0.9
62.90





The definition drill program is focused on an 850 metre-long grid oriented northwest-southeast with drill sections spaced 50 metres apart. All holes on this grid are inclined 40 to 75 degrees to the northeast or southwest. True widths of the mineralized intersections reported above are 40 to 70 percent of the drilled intersections. Drill hole BA08-3030 did not intersect significant mineralization. Drill holes BA08-3024 and BA08-3031B did not reach the intended target depths, and the latter was lost in high grade mineralization. Selected holes are being re-drilled with larger diameter core (HQ) in order to augment recoveries and/or reach intended targets. Assay results from hole BA08-3029 and further holes at South Barnat are pending.

The new drill intersections and compilation of previous work suggest that the minimum strike length of the South Barnat Zone is 775 metres with a true width between 20 and 100 metres.

The mineralized zone is open to the northwest and southeast, and extends to a minimum depth of 250 metres. Mineralization in the South Barnat Zone is located to the north and south of the old Barnat and East Malartic mine workings, largely along the southern edge of the Cadillac fault. The gold mineralization comprises multiple subzones hosted both in silicified greywackes of the Pontiac Group south of the fault contact and in schistose, carbonated and biotitic ultramafic rocks north of the fault contact. Porphyry dykes on both sides of the fault contain disseminated mineralization as well as late quartz veins containing visible gold. Gold mineralization in the South Barnat Zone likely extends to the east along the north and south walls of the past-producing East Malartic mine.

All NQ core assays reported above were obtained by standard 50 g fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val d'Or, Quebec. Reported weighted averages were calculated using a minimum of 0.50 g/t Au over successive maximum intervals of 20 metres with no upper cut-off of individual assays. Intersected drifts or lost core within mineralized intersections were incorporated as blank intervals.

Osisko Mining Corp. is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $160 million on hand and is carrying out an aggressive definition drilling and exploration campaign.

An updated NI 43-101 compliant, measured and indicated resource estimate on the main Canadian Malartic gold deposit is scheduled for release in Q3 2008. This updated resource estimate will not include the South Barnat Zone nor any other mineralized zone located outside the main deposit that is currently being evaluated by Osisko.

Mr. Robert Wares, P. Geo. and Executive Vice-President of Osisko, is the Qualified Person responsible for the technical information reported in this news release.







For further information please contact:

John Burzynski
Vice-President Corporate Development
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Beitrag100/144, 11.08.08, 11:17:57 
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OSISKO RELEASES SECOND QUARTER FINANCIAL RESULTS



2008-08-07



(Montreal, August 7, 2008) Osisko Mining Corporation (OSK:TSX, EWX: Deutsche Boerse) is pleased to report its financial results for the period ended June 30, 2008.



During the second quarter of 2008, the Company incurred a loss of $1.0 million ($0.01 per share) compared to a loss of $3.9 million ($0.03 per share) in the corresponding period of 2007. For the first semester, the Company has generated a profit of $3.7 million ($0.02 per share), mainly as a result of the recognition of the $4.5 million future tax recovery from the renunciation to the subscribers of the $25 million flow-through financing completed in July 2007 of the tax benefits for the exploration outlays. The loss recorded for the first six months of 2007 amounted to $4.6 million ($0.04 per share).



During the second quarter, the Company continued to pursue the development of its Canadian Malartic Project. Major achievements included:



· Continued progress on the relocation program with the development of the neighbourhood infrastructures. In addition, 12 homes were relocated to the new subdivision in July 2008;

· Selection of the mining fleet and the finalization of a US$83 million capital lease financing facility from Caterpillar Financial Services Limited;

· Closing of a $20 million unsecured term loan facility with the QFL Solidarity Fund;

· Negotiations with the Government of Quebec for the use of the former East Malartic tailings facility and to secure power supply for the Project.

· Completion of the analysis of the drill core samples from the Canadian Malartic drilling program and submission of the data to the consulting geological engineers. The Company expects to issue a measured and indicated resource calculation in the third quarter of 2008, which will be the foundation of the feasibility study;

· Continued focus on exploration on properties adjacent to Canadian Malartic to enhance the economics of the Project. Positive results have been generated at the Barnat target.

· Continued work on the Economic Impact Assessment and Feasibility studies; and

· Continued consultation with the residents of Malartic.

During the second quarter, the Company invested $27.6 million on the Canadian Malartic Project (Year-to-date: $46.4 million).



Key financial highlights are as follows:




June 30, 2008
December 31, 2007

Cash Position
$154,764,000
$182,078,000

Working Capital
$137,974,000
$183,476,000

Total Assets
$290,933,000
$264,394,000

Shareholders’ Equity
$255,133,000
$252,538,000






Mr. Sean Roosen, President and CEO, commented: “We are pursuing an aggressive schedule to deliver the measured and indicated resource calculation on the Canadian Malartic deposit, and compiling a feasibility study to be issued prior to the end of 2008. We are working on developing a financing package for development of the Project.”



The 2008 second quarter financial statements and Management Discussion and Analysis (MD&A) have been filed on SEDAR.



Osisko Mining Corporation is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $155 million on hand and is carrying out an aggressive definition drilling and exploration campaign on the Canadian Malartic deposit and surrounding properties.



Forward Looking Statements



Certain statements contained in this Press Release, may be deemed “forward-looking statements”. All statements in this release, other than statements of historical fact, that address events or developments that the Corporation expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, including, without limitation that all technical, economical and financial conditions will be met in order to put the Canadian Malartic Project into commercial production, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include gold prices, access to skilled mining development and mill production personnel, results of exploration and development activities, the Corporation’s limited experience with production and development stage mining operations, uninsured risks, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, actual performance of facilities, equipment and processes relative to specifications and expectations, unanticipated environmental impacts on operations market prices, continued availability of capital and financing and general economic, market or business conditions. These factors are discussed in greater detail in the Corporation’s most recent Annual Information Form filed on SEDAR, which also provides additional general assumptions in connection with these statements. The Corporation cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Corporation’s forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Corporation believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this Press Release should not be unduly relied upon. These statements speak only as of the date of this Press Release.







For further information please contact:

John Burzynski
Vice-President Corporate Development
Tel.:(514) 735-7131
Daniel Boase
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Beitrag99/144, 11.08.08, 15:13:06 
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Aug 11, 2008 09:01 ET
Osisko Intersects 93 Metres Averaging 2.03 g/t Gold at Barnat
MONTREAL, QUEBEC--(Marketwire - Aug. 11, 2008) - Osisko Mining Corp. (TSX:OSK)(FRANKFURT:EWX) is pleased to announce new results from the definition drill program currently under way at South Barnat, a separate gold mineralized zone located approximately 1200 metres northeast of the center of the Canadian Malartic deposit. Significant new results include 2.03 g/t Au over 93.6 metres (BA08-3033) and 1.87 g/t Au over 140.5 metres (BA08-3040). Higher grade intercepts included 13.2 g/t Au over 13.0 metres in hole BA08-3032 and 5.54 g/t Au over 20.7 metres in hole BA08-3042. Results from eight new holes are tabled below:




---------------------------------------------------------------------Hole No. Section From (m) To (m) Length (m) Au g/t
BA08-3029 400E 12.0 36.0 24.0 1.16And 94.5 110.0 15.5 1.64BA08-3032 650E 11.0 24.0 13.0 13.2including 17.0 18.5 1.5 80.00BA08-3033 600E 39.0 59.9 20.9 3.53including 55.5 57.0 1.5 36.6And 83.0 176.6 93.6 2.03BA08-3034B 600E 25.0 70.5 45.5 1.99And 141.9 196.5 54.6 2.50BA08-3037 600E 23.5 37.4 13.9 3.08BA08-3038A 600E 11.4 52.8 41.4 1.82BA08-3040 550E 27.0 56.5 29.5 2.76And 131.0 204.0 73.0 1.32And 246.0 386.5 140.5 1.87including 333.0 339.5 6.5 10.81BA08-3042 200E 67.0 87.7 20.7 5.54including 67.0 68.5 1.5 37.3---------------------------------------------------------------------



The definition drill program is focused on an 850 metre-long grid oriented northwest-southeast with drill sections spaced 50 metres apart. All holes on this grid are inclined 40 to 75 degrees to the northeast or southwest. True widths of the mineralized intersections reported above are 40 to 70 percent of the drilled intersections. Drill holes BA08-3034B, BA08-3037, BA08-3038A and BA08-30342 intersected underground mine workings that truncated mineralized intercepts. Assay results from holes BA08-3035, -3036, -3039, -3041 and further holes at South Barnat are pending.

The new drill intersections and compilation of previous work suggest that the minimum strike length of the South Barnat Zone is 775 metres with a true width between 20 and 100 metres. The mineralized zone is open to the northwest and southeast, and extends to a minimum depth of 250 metres. Mineralization in the South Barnat Zone is located to the north and south of the old Barnat and East Malartic mine workings, largely along the southern edge of the Cadillac fault.

The gold mineralization comprises multiple subzones hosted both in silicified greywackes of the Pontiac Group south of the fault contact and in schistose, carbonatized and biotitic ultramafic rocks north of the fault contact. Porphyry dykes on both sides of the fault contain disseminated mineralization as well as late quartz veins containing visible gold. Gold mineralization in the South Barnat Zone likely extends to the east along the north and south walls of the past-producing East Malartic mine.

All NQ core assays reported above were obtained by standard 50 g fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val d'Or, Quebec. Reported weighted averages were calculated using a minimum of 0.50 g/t Au over successive maximum intervals of 20 metres with no upper cut-off of individual assays. Intersected drifts or lost core within mineralized intersections were incorporated as blank intervals.

Osisko Mining Corp. is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $155 million on hand and is carrying out an aggressive definition drilling and exploration campaign.

An updated NI 43-101 compliant, measured and indicated resource estimate on the main Canadian Malartic gold deposit is scheduled for release in Q3 2008. This updated resource estimate will not include the South Barnat Zone nor any other mineralized zone located outside the main deposit that is currently being evaluated by Osisko.

Mr. Robert Wares, P. Geo. and Executive Vice-President of Osisko, is the Qualified Person responsible for the technical information reported in this news release.
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Beitrag98/144, 08.09.08, 01:54:21 
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Sep 05, 2008 17:16 ET
Osisko Tables Environmental Impact Study for Its Canadian Malartic Project
Presentation of the environmental impact study for the Canadian Malartic project to the Quebec Government. In front, from left to right: Mr. Jean-Sébastien David, Vice-President Sustainable Development for Osisko Mining Corporation, and Mrs. Renée Loiselle, Industrial Environment Coordinator, Office of Environmental Assessments, Ministry of Sustainable Development, Environment and Parks of Québec. In back: Mrs. Josée Marcoux, project coordinator for GENIVAR and Mr. Jean Boudreault, Vice-President Environment for GENIVAR.




MONTREAL, QUEBEC--(Marketwire - Sept. 5, 2008) - Osisko Mining Corporation ("Osisko") (TSX:OSK)(FRANKFURT:EWX) submitted yesterday its environmental impact assessment study for its Canadian Malartic mining project to Quebec's Ministere du Developpement durable, de l'Environnement et des Parcs (MDDEP).

"We're very pleased to reach this major milestone in the regulatory approval process." said Mr. Sean Roosen, President and CEO of Osisko. "To conduct this study over the past year we've had to call on many experts in many fields, and we are extremely proud of the result. From the start of our project, we have been committed to optimizing the positive impacts of our project for the town of Malartic, the Abitibi-Timiskaming region and the Province of Quebec, while striving to minimize impacts on the physical and human environment. We are working diligently as responsible corporate citizens to achieve successful integration between the two."

The impact study concludes that given the chosen site for mining infrastructure, the selected technology, and the open communication with the various stakeholders, the Canadian Malartic project would have a minimal impact on the environment and the population and well within acceptable industrial norms. Moreover, Osisko has demonstrated with its work to date that it is a major partner in the responsible development of Malartic and its surrounding area. The impact study also underscores significant spin-offs the project would have on the local and regional economy. Highlights of the impact study are appended to this press release.

Osisko remains committed to providing the population of Malartic with thorough and transparent information on the evolution of the Canadian Malartic project. With this goal in mind, the Company will send information to Malartic residents over the coming weeks summarizing the study and explaining the main findings.

Copies of the study will be available for consultation at the Osisko community outreach office, located at 864 rue Royale in Malartic, and at the Malartic Town Hall. The study is also available online, along with the supporting documents, on the Osisko website at: www.osisko.com.

Moving Forward

The study will be reviewed by Quebec government authorities to establish compliance with MDDEP guidelines. During this time and until the study is declared admissible by the MDDEP, Osisko will answer any questions received from the government and provide additional information as requested.

The BAPE public hearing process will start following the MDDEP's review of the study, leading to a report that will be submitted for approval to members of the Quebec Cabinet.

Cautionary Note: the Canadian Malartic mineral resource is not a mineral reserve, and the economic feasibility of the project has not been demonstrated. The mineral resource estimate for the Canadian Malartic project includes an inferred resource. This estimate is considered too speculative from a geological standpoint to apply economic parameters that would make it possible to consider it a mineral reserve. Moreover, there is no assurance that subsequent work will result in an economically mineable mineral reserve.

Forward-looking statements

Certain statements contained in this press release may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that the Corporation expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "scheduled" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, including, without limitation that all technical, economical and financial conditions will be met in order to put the Canadian Malartic Project into commercial production, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include gold prices, access to skilled consultants, mining development and mill production personnel, results of exploration and development activities, the Corporation's limited experience with production and development stage mining operations, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment, timeliness of government approvals, actual performance of facilities, equipment and processes relative to specifications and expectations, unanticipated environmental impacts on operations, market prices, continued availability of capital and financing and general economic, market or business conditions. These factors are discussed in greater detail in the Corporation's most recent Annual Information Form filed on SEDAR, which also provides additional general assumptions in connection with these statements. The Corporation cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Corporation's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Corporation believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.


APPENDIX: HIGHLIGHTS OF THE IMPACT STUDY

Human Aspect

Particular attention was given to the human aspect of the project's impacts. Sector studies focused on:

- Health

- Economy

- Quality of life (noise, vibrations, visual aspect, traffic)

- Project acceptability

When consulted by Osisko, the local population voiced its concerns about noise, vibrations, air quality and visual impacts. The study outlines the precautions and measures integrated into the project by Osisko to minimize any impacts on the quality of life for the citizens of Malartic and the non-organized territory of Lac-Fouillac. The sector study on health concludes that the project poses no threat to surrounding populations, notably in terms of airborne metal emissions.

From an economic standpoint, a little more than a third of Osisko's mine construction and development expenditures, totalling 540 million dollars, would be made in the Malartic and the Abitibi-Timiskaming region. Osisko will implement a policy to maximize the local and regional acquisition of goods and services, as well as the hiring of its workforce from the Malartic and the Abitibi- Timiskaming region. While in production, Osisko expects that 349 of the 392 direct jobs to be created at the potential mine would be occupied by residents of Malartic and the surrounding areas. Osisko has also recently created and financed the "Fonds Essor Malartic Osisko" (FEMO), a sustainability fund designed to ensure long-term benefits for Malartic created by Osisko's presence in the region.

Finally, the study highlights the structuring effect that the Canadian Malartic project would have on the development of municipal lands and on the start-up of environmental projects at the regional level. Thus, it would give the municipality of Malartic a stronger voice on matters of sustainable development within the Vallee-de-l'Or Regional County Municipality (MRC).

Physical Environment

Impacts on the physical environment were the focus of several sector studies dealing with:

- Air

- Water

- Soil

- Vegetation & Wildlife

Overall, most of the expected impacts of the Canadian Malartic gold mining project have been deemed minor, mainly due to the following factors:

- There will be some overlap between the proposed mining facilities and existing installations from the former Canadian Malartic and East Malartic mines, which were closed in 1965 and 1983 respectively;

- Osisko intends to locate the new facilities within the confines of watersheds already impacted by previous operations;

- The environment of the proposed new mine has already been disturbed by decades of mining operations between 1935 and 1983, and as such, the new project does not involve major impacts from a biological standpoint: terrestrial and aquatic wildlife populations are not widespread or diverse;

- None of the areas to be affected are of important impact for Quebec's wildlife or vegetation, and although some areas will be deforested, this clearing will be compensated for at the end of the project by the reclamation and reforestation of the tailings pond and waste pad areas.

Monitoring

In the event the Canadian Malartic project is brought into commercial production, Osisko is committed to implementing all the mitigation measures laid out in the impact study, without exception, in addition to all proposed follow-up and monitoring programs. Osisko intends to implement a strict monitoring program of groundwater levels from the start-up of mining operations and would extend the program until the end of the mine closure process. Osisko would also prepare a groundwater contingency plan that could be implemented to prevent or minimize any potential impacts on the natural environment, or any perceived impact on local water supply. In keeping with this precautionary spirit, Osisko would follow the same approach for dust, noise and vibrations.




For more information, please contact

Osisko Mining Corporation
Jean-Sebastien David
Vice-President, Sustainable Development
514-735-7131
david@osisko.com
www.osisko.com

or

Osisko Mining Corporation
Sylvie Prud'homme
Investor Relations
514-735-7131
Toll Free: 1-888-735-7131
prudhomme@osisko.com
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Beitrag97/144, 09.09.08, 08:09:24 
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Osisko Mining Corporation

TSX: OSK
FRANKFURT: EWX


Sep 08, 2008 10:23 ET

Osisko Announces Updated Resource Estimate for Canadian Malartic

MONTREAL, QUEBEC--(Marketwire - Sept. 8, 2008) - Osisko Mining Corp. (TSX:OSK)(FRANKFURT:EWX) is pleased to announce the updated National Instrument 43-101 compliant resource estimate for its 100%-owned Canadian Malartic gold deposit, located in the Abitibi region of Quebec, Canada. Micon International Limited of Toronto, Canada ("Micon"), independent resource estimate consultants for Osisko, has authorized the release of these estimates. Based on a lower cut-off grade of 0.36 g/t Au, Micon has estimated a global Measured and Indicated ("M&I") resource of 7.69 million ounces gold with an additional 720,000 ounces in the Inferred category. The tables below summarize results of the estimates using different lower cut-off grades:

Global resource estimates, variable lower cut-off grades




------- ------------------- ------------------- --------------------- Measured Indicated Total Meas+Ind------- ------------------- ------------------- ---------------------Cut-off Tonnes Grade Oz Tonnes Grade Oz Tonnes Grade Oz(g/t) (M) (g/t) (M) (M) (g/t) (M) (M) (g/t) (M)--------------------------------------------------------------------------0.30 4.94 1.25 0.20 263.18 0.93 7.87 268.12 0.94 8.07--------------------------------------------------------------------------0.36 4.83 1.27 0.20 227.42 1.02 7.49 232.25 1.03 7.69--------------------------------------------------------------------------0.40 4.75 1.28 0.20 208.14 1.08 7.26 212.89 1.09 7.45--------------------------------------------------------------------------0.50 4.42 1.34 0.19 170.01 1.23 6.71 174.44 1.23 6.90--------------------------------------------------------------------------0.60 4.08 1.41 0.18 141.96 1.36 6.21 146.04 1.36 6.40--------------------------------------------------------------------------0.70 3.60 1.51 0.17 121.86 1.48 5.80 125.46 1.48 5.97--------------------------------------------------------------------------0.80 3.20 1.61 0.16 106.74 1.58 5.43 109.94 1.58 5.60--------------------------------------------------------------------------0.90 2.89 1.69 0.16 94.95 1.67 5.11 97.84 1.67 5.27--------------------------------------------------------------------------1.00 2.66 1.75 0.15 85.69 1.75 4.83 88.35 1.75 4.98--------------------------------------------------------------------------

-------------------------------------------- Inferred--------------------------------------------Cut-off (g/t) Tonnes (M) Grade (g/t) Oz (M)--------------------------------------------0.30 50.16 0.53 0.85--------------------------------------------0.36 37.44 0.60 0.72--------------------------------------------0.40 31.14 0.64 0.64--------------------------------------------0.50 20.02 0.75 0.48--------------------------------------------0.60 12.52 0.87 0.35--------------------------------------------0.70 6.99 1.04 0.23--------------------------------------------0.80 4.92 1.17 0.18--------------------------------------------0.90 3.35 1.32 0.14--------------------------------------------1.00 2.49 1.45 0.12--------------------------------------------



Micon, in collaboration with G Mining Services Inc. of Montreal, also estimated an in-pit M&I resource within a Whittle-optimized pit shell using a base case gold price of US$775 per ounce, details with variable in-pit lower cut-off grades of which are shown in the following tables:

Resource estimates within US$775 Whittle pit shell, variable lower cut-off grades



------- ------------------- ------------------- ----------------- ----- Measured Indicated Total Meas+Ind Strip Ratio------- ------------------- ------------------- ----------------- -----Cut-off Tonnes Grade Oz Tonnes Grade Oz Tonnes Grade Oz Waste/(g/t) (M) (g/t) (M) (M) (g/t) (M) (M) (g/t) (M) Ore--------------------------------------------------------------------------0.30 4.63 1.27 0.19 192.15 1.04 6.43 196.78 1.05 6.62 1.43--------------------------------------------------------------------------0.36 4.54 1.29 0.19 173.71 1.12 6.23 178.25 1.12 6.42 1.69--------------------------------------------------------------------------0.40 4.47 1.31 0.19 163.38 1.16 6.11 167.85 1.17 6.29 1.85--------------------------------------------------------------------------0.50 4.16 1.37 0.18 140.52 1.28 5.78 144.68 1.28 5.96 2.31--------------------------------------------------------------------------0.60 3.84 1.44 0.18 120.81 1.40 5.43 124.66 1.40 5.61 2.84--------------------------------------------------------------------------0.70 3.40 1.54 0.17 105.96 1.50 5.12 109.36 1.50 5.29 3.38--------------------------------------------------------------------------0.80 3.04 1.63 0.16 94.20 1.60 4.84 97.24 1.60 5.00 3.93--------------------------------------------------------------------------0.90 2.79 1.70 0.15 84.57 1.68 4.57 87.36 1.68 4.73 4.48--------------------------------------------------------------------------1.00 2.58 1.76 0.15 76.95 1.75 4.34 79.52 1.76 4.49 5.02--------------------------------------------------------------------------

-------------------------------------------- Inferred--------------------------------------------Cut-off (g/t) Tonnes (M) Grade (g/t) Oz (M)--------------------------------------------0.30 5.80 0.74 0.14--------------------------------------------0.36 5.03 0.81 0.13--------------------------------------------0.40 4.63 0.84 0.12--------------------------------------------0.50 3.70 0.94 0.11--------------------------------------------0.60 2.75 1.08 0.10--------------------------------------------0.70 1.95 1.26 0.08--------------------------------------------0.80 1.60 1.37 0.07--------------------------------------------0.90 1.32 1.48 0.06--------------------------------------------1.00 1.08 1.59 0.06--------------------------------------------



Based on an updated ore-based cost of US$6.38 per tonne, the corresponding in-pit cut-off grade for the base case US$775/oz Whittle shell is 0.36 g/t gold, giving an in-pit M&I resource of 6.42 million ounces gold with an undiluted grade of 1.12g/t Au, as shown in the following table:

Distribution of Resource Estimates using base Case US$775 Whittle Pit Shell with a 0.36 g/t Au lower cut-off grade



---------- ---------------------------- --------------------------- Total Meas+Ind Inferred---------- ---------------------------- --------------------------- Tonnes (M) Grade (g/t) Oz (M) Tonnes (M) Grade (g/t) Oz (M)----------------------------------------------------------------------Global (OK) 232.25 1.03 7.69 37.44 0.60 0.72----------------------------------------------------------------------In-Pit 178.25 1.12 6.42 5.03 0.81 0.13----------------------------------------------------------------------Out-of-Pit 54.00 0.73 1.27 32.41 0.57 0.59----------------------------------------------------------------------



This Whittle pit shell is designed to maximize in-pit cash flow at 5% discount rate. The average gold recovery in this shell is 85.9%. Economic valuation within an optimized engineered pit design will be provided in the definitive feasibility study, which is currently under way and is expected to be tabled in Q4 2008. The out-of-pit M&I resource is estimated at 1.27 million ounces gold, and further pit optimizations using modified variables, such as increased pit slopes or gold price, may allow for eventual inclusion of some of this resource within the pit. Additional drilling is required to upgrade the remaining inferred resources.

Sean Roosen, President of Osisko, commented: "We are very pleased with the new global M&I resource estimate, which has achieved a 91% conversion rate and a 12% average grade increase with respect to last year's inferred resource estimate (286.2 Mt @ 0.92 g/t Au for 8.43 M oz gold). The in-pit M&I resource estimate of 6.42 million ounces is based on updated processing and mining costs that are going to be used in the definitive feasibility study. The focus of the latest work has been to optimize head grade throughput and annual gold output in the early years of mine life. The latest in-pit resource represents an 82% conversion rate and a 33% average undiluted grade increase with respect to the resource tabled in the March 2008 Preliminary Assessment Study (287.7 Mt @ 0.84 g/t Au for 7.79 M oz gold).

These are excellent results as we believe that by immediately incorporating the final feasibility mining and processing costs, this should allow for a very high conversion rate to probable reserves in the upcoming feasibility study. We also plan to carry out additional drilling in the hope of converting the remaining in-pit inferred ounces into the M&I category, and pit optimization studies will also be done in order to establish the viability of bringing in additional M&I resources into the pit shell.

I would also like to note that this resource estimate is limited to the main Canadian Malartic deposit and does not include other mineralized zones currently being drilled, particularly the South Barnat Zone, which offers excellent potential for higher grade material and further economic resource development.

To date, our drill programs have covered less than 5 percent of our property holdings in the Malartic area. We are highly encouraged by our progress at Canadian Malartic and we feel that Osisko shareholders can look forward to a very positive future as the Company continues to explore and develop this exceptional property.

Finally, I would like to thank all employees and consultants involved in the project to date, particularly the staff at Cygnus Consulting Inc. who are managing and executing our exploration and drilling program. The hard work and diligence provided by all were critical in allowing Osisko to achieve this important milestone."

Details on the parameters of the resource estimates are as follows:

- The database comprised a total of 228,800 metres of drilling obtained from historical drilling (Canadian Malartic Mines and Lac Minerals) and from approximately 316,200 metres of drilling completed and assayed by Osisko as of the end of April 2008 on a 30 m x 30 m grid.

- The estimates were done using Ordinary Kriging (OK) as the geostatistical interpolation method. Resources were also estimated using Inverse Distance Squared (ID2) interpolation, which produced similar results, generally two to three percent higher than the OK method, depending on the cut-off used.

- All estimates are based on a Parent Cell dimension of 20 metres E, 10 metres N and 10 metres height with estimation parameters determined by variography.

- Calculations are based on 5 metre composites cut to a maximum of 22 g/t Au in the higher grade domains (greater than 1 g/t Au) and cut to a maximum of 7 g/t Au in the lower grade domains. This resulted in an approximate 1 percent reduction in the overall gold content.

- Testing and validation of cut historical Canadian Malartic (CM) drill data using modern (Osisko) drill data revealed negligible bias in the higher grade domains but significant bias (minimum 25%) in the lower grade domains. CM historical data in lower grade domains were therefore discarded for resource estimate and resource classification purposes. CM historical data were used for resource estimate purposes in the higher grade domains but not retained for measured resource classification. Lac Minerals drill core was mostly re-assayed and these data were retained for resource estimate and resource classification purposes.

- The underground void model was adjusted according to new drill interceptions in stopes and drifts. All assays within 1.0 meter of voids were discarded.

- The US$775 Whittle shell has approximate maximum dimensions of 1925 metres in length, 850 metres in width and a vertical depth of 385 metres.

- Base case pit parameters include a maximum 55 degree inter-ramp angle, total operating expenses (OPEX) of $US10.38 per milled tonne. Calculated preliminary OPEX is $US335.60 per recovered ounce before dilution and royalties.

- Sensitivity of the in-pit M&I resource to gold price is as follows (inferred excluded):



-------------------------------------------------------------------------- Tonnes Grade Oz Lower Cut-off Strip RatioGold Price (US$) (M) (g/t) (M) (g/t) (Waste/Ore)--------------------------------------------------------------------------$650 149.05 1.23 5.88 0.42 1.88--------------------------------------------------------------------------$775 178.25 1.12 6.42 0.36 1.69--------------------------------------------------------------------------$900 214.12 1.02 7.00 0.31 1.64--------------------------------------------------------------------------$1000 234.14 0.97 7.27 0.28 1.57--------------------------------------------------------------------------



Osisko Mining Corp. is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $155 million on hand and is carrying out an aggressive definition drilling and exploration campaign. The complete National Instrument 43-101 compliant report on this resource estimate will be filed on SEDAR within 45 days of the date of this news release. A NI 43-101 compliant Feasibility Study on the main Canadian Malartic gold deposit is scheduled for release in Q4 2008.

Mr. Terry Hennessey , P. Geo. of Micon International Limited, Mr. Elzear Belzile, P. Eng., Mr. Louis-Pierre Gignac, P. Eng. of G Mining Services Inc., and Mr. Robert Wares, P. Geo. and Executive Vice-President of Osisko, are the Qualified Persons who have reviewed this news release and are responsible for the technical information reported herein.

Cautionary Notes Concerning Estimates of Mineral Resources

This news release uses the terms measured, indicated and inferred resources as a relative measure of the level of confidence in the resource estimate. Readers are cautioned that the Canadian Malartic mineral resources are not economic mineral reserves and that the economic viability of resources that are not mineral reserves has not been demonstrated. In addition, inferred resources are considered too geologically speculative to have any economic considerations applied to them. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies or economic studies except for Preliminary Assessment as defined under NI 43-101. Readers are cautioned not to assume that that further work will lead to mineral reserves that can be mined economically.

Forward Looking Statements

Certain statements contained in this press release may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that the Corporation expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "scheduled" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, including, without limitation that all technical, economical and financial conditions will be met in order to put the Canadian Malartic Project into commercial production, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include gold prices, access to skilled consultants, mining development and mill production personnel, results of exploration and development activities, the Corporation's limited experience with production and development stage mining operations, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment, timeliness of government approvals, actual performance of facilities, equipment and processes relative to specifications and expectations, unanticipated environmental impacts on operations market prices, continued availability of capital and financing and general economic, market or business conditions. These factors are discussed in greater detail in the Corporation's most recent Annual Information Form filed on SEDAR, which also provides additional general assumptions in connection with these statements. The Corporation cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Corporation's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Corporation believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.



For more information, please contact

Osisko Mining Corporation
John Burzynski
Vice-President Corporate Development
514-735-7131

or

Osisko Mining Corporation
Daniel Boase
Investor Relations
416-742-5600
Toll Free: 1-866-580-8891
www.osisko.com Click here to see all recent news from this company Privacy Statement | Terms of Service | Sitemap |© 2008 Marketwire, Incorporated. All rights reserved.
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Beitrag96/144, 09.09.08, 10:09:47 
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Den habe ich auf der Watch!! Smile
gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
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Beitrag95/144, 11.09.08, 09:03:29 
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Osisko shareholder to sell eight million shares


2008-09-10 16:19 ET - News Release

Mr. John Burzynski reports

OSISKO ANNOUNCES EURASIA HOLDING AG NOW OWNS 43.9 MILLION OSISKO SHARES

Osisko Mining Corp. has been advised by its principal shareholder, EurAsia Holding AG, that EurAsia has agreed to sell from its holdings eight million common shares of Osisko to a strategic investor at a price of $2.50 per share.

EurAsia owns 51,894,534 Osisko common shares (approximately 32 per cent of the outstanding shares) and has agreed to the sale from its holdings with the result that after the transaction it will own 43,894,534 Osisko common shares. EurAsia has advised that the proceeds of sale ($20-million) will enable it to adjust its assets and liabilities and improve its balance sheet.

The transaction is subject to the execution of a definitive purchase agreement and other usual conditions of closing.

We seek Safe Harbor.
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Beitrag94/144, 18.09.08, 16:03:52 
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Very Happy juchu


Osisko Mining Corporation

TSX: OSK
FRANKFURT: EWX


Sep 18, 2008 09:52 ET
Osisko Intersects 258 Metres Averaging 2.13 g/t Gold at Barnat

MONTREAL, QUEBEC--(Marketwire - Sept. 18, 2008) - Osisko Mining Corporation ("Osisko") (TSX:OSK)(FRANKFURT:EWX) is pleased to announce new results from the definition drill program currently under way at South Barnat, a separate gold mineralized zone located approximately 1200 metres northeast of the center of the Canadian Malartic deposit. Significant results include 3.22 g/t Au over 83.5 metres (BA08-3039) and 2.13 g/t Au over 258.5 metres (BA08-3061). Higher grade intercepts include 12.49 g/t Au over 4.0 metres (BA08-3048) and 10.43 g/t Au over 4.9 metres in hole BA08-3049. Results from twenty-two new holes are tabled below:




--------------------------------------------------------------------------Hole No. Section From (m) To (m) Length (m) Au g/t
BA08-3035 300E 134.6 146.5 11.9 2.30And 212.7 256.6 43.9 1.78including 212.7 214.0 1.3 18.05BA08-3036 250E 141.3 165.0 23.7 1.75And 183.0 222.0 39.0 2.26And 293.0 300.0 7.0 6.61BA08-3039 550E 37.5 121.0 83.5 3.22including 61.5 63.0 1.5 44.90And 149.5 186.5 37.0 0.98And 214.0 296.5 82.5 0.76BA08-3043 150E 251.0 335.7 84.7 1.01BA08-3045 500E 297.5 317.0 19.5 2.45BA08-3046 500E 119.5 145.0 25.5 1.96BA08-3047 550E 89.9 108.5 18.6 1.41BA08-3048 550E 41.0 70.5 29.5 0.99And 100.0 144.0 44.0 2.93including 135.5 139.5 4.0 12.49BA08-3049 550E 30.1 35.0 4.9 10.43And 93.5 108.0 14.5 1.93BA08-3051 100E 73.5 131.5 58.0 2.69including 79.5 81.0 1.5 43.70BA08-3052 050E 96.4 107.9 11.5 4.57And 251.5 271.0 19.5 1.14BA08-3053 050E 94.0 129.5 35.5 0.57BA08-3054 450E 63.8 79.2 15.4 3.05And 177.0 246.6 77.6 1.96including 177.0 177.9 0.9 55.60BA08-3055 450E 65.0 110.5 45.5 1.42And 274.0 280.3 6.3 2.91BA08-3056 500E 83.9 145.5 61.6 1.73And 186.6 197.5 10.9 3.49BA08-3057 500E 22.0 44.5 22.5 1.45BA08-3058 100E 17.5 51.5 34.00 2.81And 149.0 164.0 15.0 3.74BA08-3059 050E 20.0 56.5 36.5 1.37BA08-3060 000E 31.0 50.0 19.0 1.50And 122.5 141.5 19.0 1.03BA08-3061 700E 141.0 399.5 258.5 2.13including 190.5 193.0 2.5 15.90including 378.7 379.7 1.0 19.75BA08-3062 100E 93.0 158.5 65.5 0.73BA08-3063 100E 65.5 118.0 52.5 2.01including 98.0 99.0 1.0 22.40--------------------------------------------------------------------------



Drill hole BA08-3041 was lost in a fault gouge. Drill holes BA08-3044 and BA08-3050 penetrated historic mine workings and did not intersect significant mineralization. Drill holes BA08-3046 and BA08-3048 intercepted historic mine workings and did not reach the intended target depths. Drill hole BA08-3061 was a steeply inclined hole (83 degrees) designed to test the vertical extent of the mineralized system on section 700E. Assays for drill hole BA08-3061 between 0 and 103 metres are pending. Assay results from further holes at South Barnat are also pending.

The definition drill program is focused on an 850 metre-long grid oriented northwest-southeast with drill sections spaced 50 metres apart. All holes on this grid are inclined 45 to 75 degrees to the northeast or southwest. True widths of the mineralized intersections reported above are 40 to 70 percent of the drilled intersections.

Drilling to date suggests that the minimum strike length of the South Barnat Zone is 850 metres with a true width between 20 and 160 metres. The mineralized zone is open along strike to the southeast, where it merges with the old East Malartic Mine. It extends to a minimum depth of 250 metres in the southeastern portion, where the system is still open at depth. Drill hole BA08-3061 suggests the system may extend as deep as 400 metres below surface. Estimated depth in the northwestern third of the deposit is 130 to 200 metres.

Mineralization in the South Barnat Zone is located to the north and south of the old Barnat and East Malartic mine workings, largely along the southern edge of the Cadillac fault. The gold mineralization comprises multiple subvertical, tabular subzones hosted both in silicified greywackes of the Pontiac Group south of the fault contact and in schistose, carbonated and biotitic ultramafic rocks north of the fault contact. Porphyry dykes on both sides of the fault contain disseminated mineralization as well as late quartz veins containing visible gold. Gold mineralization in the South Barnat Zone likely extends to the east along the north and south walls of the past-producing East Malartic mine.

All NQ core assays reported above were obtained by standard 50 g fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val d'Or, Quebec. Reported weighted averages were calculated using a minimum of 0.50 g/t Au over successive maximum intervals of 20 metres with no upper cut-off of individual assays. Intersected drifts or lost core within mineralized intersections were incorporated as blank intervals.

Osisko Mining Corp. is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $145 million on hand and is carrying out an aggressive definition drilling and exploration campaign. An updated NI 43-101 compliant, Measured and Indicated resource estimate on the main Canadian Malartic gold deposit was released on September 8, 2008 and will be filed on SEDAR by mid-October. This updated resource estimate did not include the South Barnat Zone nor any other mineralized zone located outside the main deposit that is currently being evaluated by Osisko.

Mr. Robert Wares, P. Geo. and Executive Vice-President of Osisko, is the Qualified Person responsible for the technical information reported in this news release.



For more information, please contact

Osisko Mining Corporation
John Burzynski
Vice-President Corporate Development
514-735-7131
www.osisko.com
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Beitrag93/144, 20.09.08, 10:09:04 
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Sep 19, 2008 13:34 ET
Osisko Announces $12.25 Million Flow-Through Financing
MONTREAL, QUEBEC--(Marketwire - Sept. 19, 2008) - Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX) is pleased to announce that it has entered into non-brokered financing agreements with three funds to issue up to C$12.25 million in flow-through shares. The private placement will consist of a maximum of 2,916,725 flow-through shares issued at a price of $4.20 per share.

Osisko will pay finder fees of 4% of the gross proceeds of the transaction. The private placement is expected to close on or about September 30, 2008 and is subject to regulatory approvals. The securities issued under this private placement are subject to a four month hold period from the closing date.

Commenting on the transaction, Sean Roosen President and CEO of Osisko stated: "The funds will allow Osisko to continue its aggressive exploration program in the Malartic Camp to help augment the significant resources already identified on the Canadian Malartic Project, while we continue towards our goal of establishing Osisko as a mid-tier Canadian gold producer."

About Osisko

Osisko Mining Corporation is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $140 million on hand and is carrying out an aggressive definition drilling and exploration campaign on the Canadian Malartic deposit and surrounding properties.
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Beitrag92/144, 24.09.08, 15:09:23 
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Osisko Mining Corporation

TSX: OSK
FRANKFURT: EWX


Sep 24, 2008 08:51 ET
Osisko Intersects 141 Metres Averaging 2.4 g/t Gold at BarnatMONTREAL, QUEBEC--(Marketwire - Sept. 24, 2008) - Osisko Mining Corporation ("Osisko") (TSX:OSK)(FRANKFURT:EWX) is pleased to announce new results from the definition drill program currently under way at South Barnat, a separate gold mineralized zone located approximately 1200 metres northeast of the center of the Canadian Malartic deposit. Significant results include 2.40 g/t Au over 141.5 metres (BA08-3065) and 2.76 g/t Au over 71.2 metres (BA08-3071). Higher grade intercepts include 17.57 g/t Au over 14.0 metres (BA08-3065) and 24.15 g/t Au over 4.2 metres (BA08-3066) and 15.75 g/t Au over 3.0 metres in hole BA08-3077. Results from sixteen new holes are tabled below:




-------------------------------------------------------------------Hole No. Section From (m) To (m) Length (m) Au g/t
BA08-3064 400E 160.0 229.5 69.5 1.64 And 253.5 261.0 7.50 3.62BA08-3065 400E 60.0 201.5 141.5 2.40 including 163.5 177.5 14.0 17.57BA08-3066 350E 74.0 117.0 43.0 4.55 including 92.8 97.0 4.2 24.15 And 142.0 195.0 53.0 3.65 including 167.0 168.5 1.5 35.20BA08-3068 350E 35.0 57.3 22.3 0.58BA08-3069 150E 11.9 104.8 92.9 1.29BA08-3070 150E 18.8 71.5 52.7 1.60BA08-3071 200E 16.3 87.5 71.2 2.76 including 83.5 85.0 1.5 21.00BA08-3072 200E 12.3 80.0 67.7 1.37BA08-3073 300E 7.9 46.1 38.2 0.65BA08-3074 150E 100.0 152.0 52.0 1.03BA08-3075 150E 14.2 36.5 22.3 0.75 And 129.6 174.7 45.1 0.84BA08-3076 250E 99.0 119.0 20.0 1.19 And 188.0 225.9 37.9 2.92 including 213.5 215.0 1.5 40.20BA08-3077 250E 170.0 201.2 31.2 3.50 including 191.0 194.0 3.0 15.75BA08-3078 250E 145.0 194.5 49.5 1.45BA08-3079 350E 42.0 91.0 49.0 1.06BA08-3080 350E 69.5 102.0 32.5 .78 And 115.5 223.5 108.0 1.19 And 262.5 267.0 4.5 4.65-------------------------------------------------------------------



The higher grade intersection in drill hole BA08-3065 (163.5 to 177.5 metres) contained a one metre sub-intersection of 375 g/t Au that was exceptionally cut to 30 g/t Au as to avoid reporting biased results in the overall intersection.

Drill holes BA08-3068, BA08-3069, BA08-3070, BA08-3072, BA08-3073 and BA08-3079 intercepted historic mine workings and did not reach the intended target depths. Assay results for BA08-3067 and further holes at South Barnat are pending.

The definition drill program is focused on an 850 metre-long grid oriented northwest-southeast with drill sections spaced 50 metres apart. All holes on this grid are inclined 45 to 75 degrees to the northeast or southwest. True widths of the mineralized intersections reported above are 40 to 70 percent of the drilled intersections.

Drilling to date suggests that the minimum strike length of the South Barnat Zone is 850 metres with a true width between 20 and 160 metres. The mineralized zone is open along strike to the southeast, where it merges with the old East Malartic Mine. It extends to depths of 250 to 400 metres in the southeastern portion, where the system is still open at depth. Estimated depth in the northwestern third of the deposit is 130 to 200 metres.

Mineralization in the South Barnat Zone is located to the north and south of the old Barnat and East Malartic mine workings, largely along the southern edge of the Cadillac fault. The gold mineralization comprises multiple subvertical, tabular subzones hosted both in silicified greywackes of the Pontiac Group south of the fault contact and in schistose, carbonated and biotitic ultramafic rocks north of the fault contact. Porphyry dykes on both sides of the fault contain disseminated mineralization as well as late quartz veins containing visible gold. Gold mineralization in the South Barnat Zone likely extends to the east along the north and south walls of the past-producing East Malartic mine.

All NQ core assays reported above were obtained by standard 50 g fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val d'Or, Quebec. Reported weighted averages were calculated using a minimum of 0.50 g/t Au over successive maximum intervals of 20 metres with no upper cut-off of individual assays. Intersected drifts or lost core within mineralized intersections were incorporated as blank intervals.

Osisko Mining Corp. is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $145 million on hand and is carrying out an aggressive definition drilling and exploration campaign. An updated NI 43-101 compliant, Measured and Indicated resource estimate on the main Canadian Malartic gold deposit was released on September 8, 2008 and will be filed on SEDAR by mid-October. This updated resource estimate did not include the South Barnat Zone nor any other mineralized zone located outside the main deposit that is currently being evaluated by Osisko.

Mr. Robert Wares, P. Geo. and Executive Vice-President of Osisko, is the Qualified Person responsible for the technical information reported in this news release.

Forward Looking Statements

Certain statements contained in this press release may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that the Corporation expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "scheduled" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, including, without limitation that all technical, economical and financial conditions will be met in order to put the Canadian Malartic Project into commercial production, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include gold prices, access to skilled consultants, mining development and mill production personnel, results of exploration and development activities, the Corporation's limited experience with production and development stage mining operations, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment, timeliness of government approvals, actual performance of facilities, equipment and processes relative to specifications and expectations, unanticipated environmental impacts on operations market prices, continued availability of capital and financing and general economic, market or business conditions. These factors are discussed in greater detail in the Corporation's most recent Annual Information Form filed on SEDAR, which also provides additional general assumptions in connection with these statements. The Corporation cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Corporation's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Corporation believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.



For more information, please contact

Osisko Mining Corporation
John Burzynski
Vice-President Corporate Development
514-735-7131
www.osisko.com

or

Daniel Boase
Investor Relations
416-742-5600
Toll Free: 1-866-580-8891 Click here to see all recent news from this company Privacy Statement | Terms of Service | Sitemap |© 2008 Marketwire, Incorporated. All rights reserved.
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Beitrag91/144, 01.10.08, 08:44:10 
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Osisko Mining closes $12.25-million financing


2008-09-30 16:37 ET - News Release

Mr. John Burzynski reports

OSISKO CLOSES $12.25 MILLION FLOW-THROUGH FINANCING

Osisko Mining Corp. has closed its previously announced non-brokered financing. Osisko issued a total of 2,916,725 flow-through shares at a price of $4.20 per share for total gross proceeds of $12,250,245. The securities issued under this private placement are subject to a four-month hold period ending on Feb. 1, 2009.

The funds will be used to further conduct exploration program on the Canadian Malartic gold deposit and adjacent areas.

We seek Safe Harbor.
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Beitrag90/144, 15.10.08, 15:14:00 
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Osisko Mining Corporation

TSX: OSK
FRANKFURT: EWX


Oct 15, 2008 09:10 ET
Osisko Intersects 157 Metres Averaging 3.7 g/t Gold at Barnat

MONTREAL, QUEBEC--(Marketwire - Oct. 15, 2008) - Osisko Mining Corporation ("Osisko") (TSX:OSK)(FRANKFURT:EWX) is pleased to announce new results from the definition drill program currently under way at South Barnat, a separate gold mineralized zone located approximately 1200 metres northeast of the center of the Canadian Malartic deposit. Significant results include 3.73 g/t Au over 157.0 metres (BA08-3024A) and 2.54 g/t Au over 218.0 metres (BA08-3019H). Results from fourteen new holes are tabled below:




------------------------------------------------------------------------Hole No. Section From (m) To (m) Length (m) Au g/t
BA08-3019H 750E 197.0 415.0 218.0 2.54 including 345.0 348.0 3.0 17.08BA08-3024A 650E 158.0 315.0 157.0 3.73 including 183.0 184.5 1.5 85.40 including 199.5 201.0 1.5 51.80BA08-3031H 650E 14.0 30.1 16.9 1.85 And 52.5 81.0 28.5 2.09BA08-3067 350E 46.0 113.5 67.5 1.67BA08-3081 200E 15.0 152.0 137.0 1.55BA08-3082 100E 14.6 80.5 65.9 3.17BA08-3083 300E 246.5 288.0 41.5 0.78BA08-3084 300E 303.5 353.0 49.5 1.10BA08-3085 050E 51.5 106.0 54.5 0.77BA08-3086 050E 68.0 120.0 52.0 1.29BA08-3087 050E 97.5 142.5 45.0 0.99 And 256.5 338.0 81.5 1.62BA08-3088 100E 80.5 134.0 53.5 1.51BA08-3089 100E 100.0 170.1 70.1 1.01BA08-3090 200E 110.5 130.0 19.5 0.74 And 174.5 195.0 20.5 1.42------------------------------------------------------------------------



Drill hole BA08-3024A was a second attempt at BA08-3024, which intersected 20.7 metres grading 2.66 g/t Au to a depth of 146.4 metres before being abandoned due to technical difficulties (see July 21, 2008 press release). BA08-3019H and BA08-3031H were also re-drills of previously abandoned holes. Assay results for further holes at South Barnat are pending.

The definition drill program is focused on an 850 metre-long grid oriented northwest-southeast with drill sections spaced 50 metres apart. All holes on this grid are inclined 45 to 75 degrees to the northeast or southwest. True widths of the mineralized intersections reported above are 40 to 70 percent of the drilled intersections.

Drilling to date suggests that the minimum strike length of the South Barnat Zone is 850 metres with a true width between 20 and 160 metres. The mineralized zone is open along strike to the southeast, where it merges with the old East Malartic Mine. It extends to depths of 250 to 400 metres in the southeastern portion, where the system is still open at depth. Estimated depth in the northwestern third of the deposit is 130 to 200 metres.

Mineralization in the South Barnat Zone is located to the north and south of the old Barnat and East Malartic mine workings, largely along the southern edge of the Cadillac fault. The gold mineralization comprises multiple subvertical, tabular subzones hosted both in silicified greywackes of the Pontiac Group south of the fault contact and in schistose, carbonated and biotitic ultramafic rocks north of the fault contact. Porphyry dykes on both sides of the fault contain disseminated mineralization as well as late quartz veins containing visible gold. Gold mineralization in the South Barnat Zone likely extends to the east along the north and south walls of the past-producing East Malartic mine.

All NQ core assays reported above were obtained by standard 50 g fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val d'Or, Quebec. Reported weighted averages were calculated using a minimum of 0.50 g/t Au over successive maximum intervals of 20 metres with no upper cut-off of individual assays. Intersected drifts or lost core within mineralized intersections were incorporated as blank intervals.

Osisko Mining Corp. is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $140 million on hand and is carrying out an aggressive definition drilling and exploration campaign. An updated NI 43-101 compliant, Measured and Indicated resource estimate on the main Canadian Malartic gold deposit was released on September 8, 2008 and will be filed on SEDAR by mid-October. This updated resource estimate did not include the South Barnat Zone nor any other mineralized zone located outside the main deposit that is currently being evaluated by Osisko.

Mr. Robert Wares, P. Geo. and Executive Vice-President of Osisko, is the Qualified Person responsible for the technical information reported in this news release.


For more information, please contact

Osisko Mining Corporation
John Burzynski
Vice-President Corporate Development
514-735-7131
www.osisko.com

or

Osisko Mining Corporation
Daniel Boase
Investor Relations
416-742-5600
Toll Free: 1-866-580-8891 Click here to see all recent news from this company Privacy Statement | Terms of Service | Sitemap |© 2008 Marketwire, Incorporated. All rights reserved.
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Beitrag89/144, 17.10.08, 14:45:58 
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Oct 17, 2008 08:00 ET
Osisko Launches Normal Course Issuer Bid

MONTREAL, QUEBEC--(Marketwire - Oct. 17, 2008) - Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX) ("Osisko" or the "Corporation") is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the Corporation's notice of intention to make a normal course issuer bid. Under the terms of the normal course issuer bid, Osisko may acquire up to 11,669,526 of its common shares, representing approximately 10% of the public float of Osisko as of October 15, 2008.

The Board of Directors of Osisko believes that the underlying value of the Corporation may not be reflected in the market price of its common shares from time to time and that, accordingly, the purchase of shares will increase the proportionate share interest of, and be advantageous to, all remaining shareholders.

As of October 15, 2008, the Corporation has 165,628,918 common shares outstanding. The average daily trading volume of Osisko's shares over the last six completed calendar months was 276,110. Accordingly, under TSX rules and policies, Osisko is entitled on any trading day to purchase a maximum of 69,027 shares.
The purchases may commence on October 21, 2008 and will terminate on October 20, 2009, or on such earlier date as Osisko may complete its purchases pursuant to the notice of intention to make a normal course issuer bid filed with the TSX.

All shares purchased by the Corporation will be on the open market through the facilities of TSX in accordance with the policies of the TSX and will be surrendered by the Corporation to its transfer agent for cancellation. The prices that Osisko will pay for any of the common shares purchased will be the market price of the shares at the time of acquisition. In the last 12 months preceding the date hereof, Osisko has not re-purchased any of its common shares.

Osisko has appointed Thomas Weisel Partners Canada Inc. to make the purchases on its behalf.

Sean Roosen, President and CEO of Osisko, stated: "By instituting this normal course issuer bid, management has taken the decision to help stabilize downward pressure in our share price, which we believe is largely due to turbulent financial markets. The normal course issuer bid will be used with great discretion on the part of management for the sole purpose of stabilizing the share price, which we feel does not currently reflect the underlying value of the Corporation. Osisko is well financed with $140 million in cash and the Corporation continues to build value in the company by developing the Canadian Malartic gold project, which we consider to be one of the premier gold projects in North America."


Geld ist ja genug da!!
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Beitrag88/144, 21.11.08, 17:43:49 
Antworten mit Zitat
http://www.marketwire.com/press-rel....ation-TSX-OSK-923394.html

Osisko Mining Corporation

TSX: OSK
FRANKFURT: EWX


Nov 21, 2008 11:35 ET
Osisko Intersects 185.2 Metres Averaging 1.97 g/t Au at South Barnat
MONTREAL, QUEBEC--(Marketwire - Nov. 21, 2008) - Osisko Mining Corporation ("Osisko") (TSX:OSK)(FRANKFURT:EWX) is pleased to announce new results from the definition drill program currently under way at South Barnat, a separate gold mineralized zone located approximately 1200 metres northeast of the center of the Canadian Malartic deposit. Significant results include 1.97 g/t Au over 185.2 metres (BA08-3114) and 5.09 g/t Au over 61.5 metres (BA08-3110). Narrow zones of exceptional high-grade gold values were also encountered, including 224.0 g/t Au over 1.2m (BA08-3093) and 191.2 g/t Au over 1.5m (BA08-3116). Results from twenty-three new holes are tabled below:




------------------------------------------------------------------------Hole No. Section From (m) To (m) Length (m) Au g/t------------------------------------------------------------------------BA08-3092 200E 200.8 218.4 17.6 3.56 Including 215.3 216.4 1.1 41.90BA08-3093 250E 97.1 173.5 76.4 5.70 Including 145.0 146.2 1.2 224.0BA08-3093 Cut(i) 250E 97.1 173.5 76.4 2.66BA08-3094 250E 289.0 325.0 36.0 1.60 And 362.5 457.0 94.5 0.83BA08-3096 100E 15.8 73.0 57.2 1.54BA08-3097 050E 32.0 84.5 52.5 2.11BA08-3098 050E 129.0 170.3 41.3 1.31BA08-3099 050E 130.0 178.5 48.5 1.93BA08-3100 400E 17.0 75.2 58.2 1.31 And 98.0 123.0 25.0 1.45 And 170.0 240.2 70.2 2.25 Including 208.0 209.0 1.0 77.90BA08-3102 150E 110.5 116.7 6.2 4.93BA08-3104 300E 62.0 69.0 7.0 5.98 And 172.5 180.5 7.7 8.34BA08-3105 200E 17.5 33.0 15.5 2.32BA08-3106 200E 122.5 178.0 55.5 2.06BA08-3107 200E 177.0 244.0 67.0 1.39BA08-3110 300E 21.5 83.0 61.5 5.09 Including 26.0 27.0 1.0 54.30 Including 59.5 61.0 1.5 74.90BA08-3111B 250E 14.5 42.1 27.6 0.97BA08-3112 250E 18.0 27.0 9.0 1.98BA08-3113 400E 63.2 95.0 31.8 4.89 Including 81.5 83.0 1.5 54.50 And 119.7 161.0 41.3 1.73BA08-3114 600E 71.0 146.4 75.4 1.58 And 176.5 361.7 185.2 1.97 Including 346.0 361.7 17.2 6.85BA08-3115 400E 161.1 292.5 131.4 1.22BA08-3116 300E 20.5 56.5 36.0 9.43 Including 28.0 29.5 1.5 191.2BA08-3116 Cut(i) 300E 20.5 56.5 36.0 2.71BA08-3117 300E 13.9 36.0 22.1 1.63BA08-3118 600E 10.2 11.5 30.4 1.45BA08-3119 350E 193.0 260.0 67.0 1.15------------------------------------------------------------------------
(i) Drill holes BA08-3093 and BA08-3116 include intervals cut to 30 g/t Au due to exceptionally high grade intervals intersected in the drill hole.



Drill hole BA08-3098 represents new gold mineralization intersected north of the main deposit. This zone will be investigated with further drilling. Drill hole BA08-3114 was lost in mineralized sediment and the extension of the mineralized zone will be drilled from the opposite azimuth.

Drill holes BA08-3091, BA08-3101, BA08-3103, BA08-3108 BA08-3109 and BA08-3120 did not intersect significant mineralization. The latter were mostly drilled north of the known mineralized zone. Drill hole BA08-3095H was lost at shallow depths and did not intersect mineralization. Drill holes BA08-3102, BA08-3104 and BA08-3118 intercepted historic mine workings and did not reach the intended target depths. Assay results for further holes at South Barnat are pending.

The definition drill program is focused on an 850 metre-long grid oriented northwest-southeast with drill sections spaced 50 metres apart. All holes on this grid are inclined 45 to 75 degrees to the northeast or southwest. True widths of the mineralized intersections reported above are 40 to 70 percent of the drilled intersections.

Drilling to date suggests that the minimum strike length of the South Barnat Zone is 850 metres with a true width between 20 and 160 metres. The mineralized zone is open along strike to the southeast, where it merges with the old East Malartic Mine. It extends to depths of 250 to 400 metres in the southeastern portion, where the system is still open at depth. Estimated depth in the northwestern third of the deposit is 130 to 200 metres.

Mineralization in the South Barnat Zone is located to the north and south of the old Barnat and East Malartic mine workings, largely along the southern edge of the Cadillac fault. The gold mineralization comprises multiple subvertical, tabular subzones hosted both in silicified greywackes of the Pontiac Group south of the fault contact and in schistose, carbonated and biotitic ultramafic rocks north of the fault contact. Porphyry dykes on both sides of the fault contain disseminated mineralization as well as late quartz veins containing visible gold. Gold mineralization in the South Barnat Zone likely extends to the east along the north and south walls of the past-producing East Malartic mine.

All NQ or HQ core assays reported above were obtained by standard 50 g fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val d'Or, Quebec. Reported weighted averages were calculated using a minimum of 0.50 g/t Au over successive maximum intervals of 20 metres with no upper cut-off of individual assays. Intersected drifts or lost core within mineralized intersections were incorporated as blank intervals.

Osisko Mining Corp. is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $130 million on hand and is carrying out an aggressive definition drilling and exploration campaign. An updated NI 43-101 compliant, Measured and Indicated resource estimate on the main Canadian Malartic gold deposit was released on September 8, 2008 and has been filed on SEDAR. This updated resource estimate did not include the South Barnat Zone nor any other mineralized zone located outside the main deposit that is currently being evaluated by Osisko.

Mr. Robert Wares, P. Geo. and Executive Vice-President of Osisko, is the Qualified Person responsible for the technical information reported in this news release.

Forward Looking Statements

Certain statements contained in this press release may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that the Corporation expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "scheduled" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, including, without limitation that all technical, economical and financial conditions will be met in order to put the Canadian Malartic Project into commercial production, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include gold prices, access to skilled consultants, mining development and mill production personnel, results of exploration and development activities, the Corporation's limited experience with production and development stage mining operations, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment, timeliness of government approvals, actual performance of facilities, equipment and processes relative to specifications and expectations, unanticipated environmental impacts on operations market prices, continued availability of capital and financing and general economic, market or business conditions. These factors are discussed in greater detail in the Corporation's most recent Annual Information Form filed on SEDAR, which also provides additional general assumptions in connection with these statements. The Corporation cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Corporation's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Corporation believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.



For more information, please contact

Osisko Mining Corporation
John Burzynski
Vice-President Corporate Development
514-735-7131
www.osisko.com

or

Daniel Boase
Investor Relations
416-742-5600
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Beitrag87/144, 27.11.08, 14:31:50 
Antworten mit Zitat
South Barnat hält was es verspricht und übertrifft bis dato!!
diese Grades über diese Längen - einfach Klasse up, daumen und East Amphi ist auch ein Kracher..

Osisko Mining Corporation

TSX: OSK
FRANKFURT: EWX


Nov 27, 2008 08:00 ET

Osisko Intersects 3.19 g/t Au Over 76.5 Metres at South Barnat

MONTREAL, QUEBEC--(Marketwire - Nov. 27, 2008) - Osisko Mining Corporation ("Osisko")(TSX:OSK)(FRANKFURT:EWX) is pleased to provide new results as well as an update from the definition drill program currently under way on the South Barnat Zone, a separate gold mineralized system located approximately 1200 metres northeast of the center of the Canadian Malartic deposit.

New drill results from the current program include
3.19 g/t Au over 76.5 metres (BA08-3124),
1.62 g/t Au over 177.0 metres (BA08-3142) and
2.03 g/t Au over 131.8 metres (BA08-3143). Narrow higher-grade intervals include
15.4 g/t Au over 6.0 metres (BA08-3135).

The definition drill program is focused on an 850 metre-long grid oriented northwest-southeast with drill sections spaced 50 metres apart (Phase 14 of the Canadian Malartic drill program). All holes on this grid are inclined 45 to 75 degrees to the northeast or southwest. Phase 14 has now been completed with 228 drill holes totaling 50,200 metres, of which assay results have been processed and released for 145 holes, including new results in this press release. The weighted average grade of a total of 10,700 metres of mineralized intersections intersected to date is 1.91 g/t Au (calculated using an upper cut of 30 g/t Au and a minimum of 0.50 g/t Au over successive maximum intervals of 20 metres).

Phase 15 is underway with infill drilling on remaining sections spaced 25 metres apart. Approximately 45,000 metres of this phase have been drilled to date, from a total drill program estimated at 120,000 metres and expected to be completed by the end of January 2009.

Wireframe modeling of the deposit and of underground voids will begin next week with the objective of releasing an inferred resource estimate by the end of January 2009. With the completion and integration of the Phase 15 drilling, the Company plans on completing a measured and indicated resource estimate by Q2 2009.

Results from twenty-two new holes are tabled below:




---------------------------------------------------------------------------Hole No. Section From (m) To (m) Length (m) Au g/t---------------------------------------------------------------------------BA08-3121 350E 43.2 78.3 35.1 1.85---------------------------------------------------------------------------BA08-3122 350E 23.0 47.3 24.3 1.54 And 68.0 89.0 21.0 4.09 including 69.5 71.3 1.8 23.70---------------------------------------------------------------------------BA08-3123 350E 266.1 296.6 30.5 1.00---------------------------------------------------------------------------BA08-3124 350E 155.5 232.0 76.5 3.19 including 176.0 177.5 1.5 23.00 And 264.5 316.0 51.5 1.70---------------------------------------------------------------------------BA08-3125 300E 0.8 95.5 94.7 0.92---------------------------------------------------------------------------BA08-3126 600E 36.0 236.5 200.5 1.26 including 42.5 44.0 1.5 30.10 And 272.5 423.0 150.5 0.85---------------------------------------------------------------------------BA08-3127 350E 6.0 92.7 86.7 0.93 And 122.5 157.0 34.5 1.83---------------------------------------------------------------------------BA08-3128 250E 15.6 74.5 58.9 1.93---------------------------------------------------------------------------BA08-3129 250E 15.0 48.0 33.0 2.72 including 25.5 27.0 1.5 38.90---------------------------------------------------------------------------BA08-3130 250E 15.3 114.5 99.2 1.49 including 75.0 76.0 1.0 27.30---------------------------------------------------------------------------BA08-3133 400E 22.7 71.5 48.8 5.78 including 53.5 55.0 1.5 97.70---------------------------------------------------------------------------BA08-3134 525E 21.0 81.0 60.0 1.78---------------------------------------------------------------------------BA08-3135 525E 24.5 72.3 47.8 3.50 including 45.0 51.0 6.0 15.4---------------------------------------------------------------------------BA08-3136 525E 38.5 70.4 31.9 2.84---------------------------------------------------------------------------BA08-3138 450E 79.0 99.0 20.0 1.31---------------------------------------------------------------------------BA08-3139 450E 45.9 73.0 27.1 1.70 And 194.5 286.0 91.5 1.08---------------------------------------------------------------------------BA08-3140 700E 194.5 223.0 28.5 1.70---------------------------------------------------------------------------BA08-3141 700E 205.0 268.0 63.0 4.64 including 253.0 254.5 1.5 99.10---------------------------------------------------------------------------BA08-3142 700E 175.0 352.0 177.0 1.62---------------------------------------------------------------------------BA08-3143 500E 60.0 191.8 131.8 2.03---------------------------------------------------------------------------BA08-3144 500E 12.7 96.0 83.3 0.89 And 128.5 218.1 89.6 1.90 including 132.5 134.0 1.5 25.50---------------------------------------------------------------------------BA08-3145 500E 70.0 97.8 27.8 1.70 And 163.8 211.9 48.1 1.18 And 266.5 282.5 16.0 1.47---------------------------------------------------------------------------



Drill holes BA08-3131, BA08-3132 and BA08-3137 did not reach their intended targets and did not intersect significant mineralization. Drill holes BA08-3122, BA08-3125, BA08-3134, BA08-3135, BA08-3136 intercepted historic mine workings and did not reach the intended target depths.

All holes on this grid are inclined 45 to 75 degrees to the northeast or southwest. True widths of the mineralized intersections reported above are 40 to 70 percent of the drilled intersections. Assay results for further holes at South Barnat are pending.

Drilling to date suggests that the minimum strike length of the South Barnat Zone is 850 metres with a true width between 20 and 160 metres. The mineralized zone is open along strike to the southeast, where it merges with the old East Malartic Mine. It extends to depths of 250 to 400 metres in the southeastern portion, where the system is still open at depth. Estimated depth in the northwestern third of the deposit is 130 to 200 metres.

Mineralization in the South Barnat Zone is located to the north and south of the old Barnat and East Malartic mine workings, largely along the southern edge of the Cadillac fault. The gold mineralization comprises multiple subvertical, tabular subzones hosted both in silicified greywackes of the Pontiac Group south of the fault contact and in schistose, carbonated and biotitic ultramafic rocks north of the fault contact. Porphyry dykes on both sides of the fault contain disseminated mineralization as well as late quartz veins containing visible gold. Gold mineralization in the South Barnat Zone likely extends to the east along the north and south walls of the past-producing East Malartic mine.

All NQ or HQ core assays reported above were obtained by standard 50 g fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val d'Or, Quebec. Reported weighted averages in the table were calculated using a minimum of 0.50 g/t Au over successive maximum intervals of 20 metres with no upper cut-off of individual assays. Intersected drifts or lost core within mineralized intersections were incorporated as blank intervals.

Osisko Mining Corp. is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $130 million on hand and is carrying out an aggressive definition drilling and exploration campaign. A NI 43-101 compliant Reserve/Resource estimate and Feasibility Study on the main Canadian Malartic gold deposit was released on September 25, 2008 and will be filed on SEDAR shortly. This estimate did not include the South Barnat Zone nor any other mineralized zone located outside the main deposit that is currently being evaluated by Osisko.

Mr. Robert Wares, P. Geo. and Executive Vice-President of Osisko, is the Qualified Person responsible for the technical information reported in this news release.


For more information, please contact

Osisko Mining Corporation
John Burzynski
Vice-President Corporate Development
514-735-7131
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Beitrag86/144, 03.12.08, 14:07:50 
Antworten mit Zitat
Very Happy juchu wieder erstklassige Ergebnisse!
18 neue Holes von 83 noch offenen - fehlen noch 65.............und es wird weiter gebohrt!!!

Osisko Mining Corporation

TSX: OSK
FRANKFURT: EWX


Dec 03, 2008 08:00 ET

Osisko Intersects 102 Metres Averaging 3.21 g/t Au at South Barnat

MONTREAL, QUEBEC--(Marketwire - Dec. 3, 2008) - Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX)"Osisko", OSK - TSX, EWX - Deutsche Boerse) is pleased to announce new results from the definition drill program currently under way at South Barnat, a separate gold mineralized zone located northeast of the Canadian Malartic deposit. Significant results include 3.21 g/t Au over 102.0 metres (BA08-3154), 3.16 g/t Au over 54.0 metres (BA08-3149) and 1.78 g/t Au over 106.0 metres (BA08-3152). Narrow zones of higher grade gold values were also encountered, including 51.0 g/t Au over 1.5 m (BA08-3149) and 17.4 g/t Au over 6.0 m (BA08-3154). Results from eighteen new holes are tabled below:


------------------------------------------------------------Hole No. Section From (m) To (m) Length (m) Au g/tBA08-3146 450E 14.0 30.0 16.0 2.70BA08-3147 200E 31.5 89.0 57.5 2.00 including 67.0 68.2 1.2 24.20BA08-3148B 175E 33.5 54.3 20.8 2.68BA08-3149 150E 17.5 71.5 54.0 3.16 including 43.0 44.5 1.5 51.00 And 171.5 183.7 12.2 5.29BA08-3150 000E 24.4 57.5 33.1 1.11 And 209.0 210.5 1.5 15.20BA08-3151 575E 63.0 82.5 19.5 3.19 And 175.0 197.5 22.5 3.21BA08-3152 650E 143.0 249.0 106.0 1.78BA08-3153 650E 121.0 210.0 89.0 2.35 including 138.0 141.0 3.0 16.60BA08-3154 650E 135.5 237.5 102.0 3.21 including 167.5 173.5 6.0 17.41BA08-3156 025E 55.5 79.5 24.0 1.15 And 127.0 151.7 24.7 1.89BA08-3157 025E 68.5 92.0 23.5 1.08BA08-3158 025E 85.0 127.0 42.0 1.02 And 284.0 408.0 124.0 0.62BA08-3160 450E 35.5 102.0 66.5 1.57 And 147.0 167.5 20.5 1.40BA08-3161 450E 46.0 51.5 5.5 9.70 And 81.5 150.9 69.4 1.51 And 200.1 265.3 65.2 2.93BA08-3162B 450E 83.0 163.0 80.0 2.32BA08-3163 125E 17.0 77.3 60.3 1.39 And 202.0 203.0 1.0 13.10BA08-3164 175E 66.0 80.3 14.3 6.87BA08-3165 175E 274.5 286.0 11.5 1.36------------------------------------------------------------




Drill holes BA08-3155 and BA08-3159 did not reach the intended target depths and did not intersect significant mineralization. Drill holes BA08-3146, BA08-3148, BA08-3152, BA08-3162 and BA08-3164 were lost in fault zones or intercepted historic mine workings and did not reach the intended target depths. Assay results for further holes at South Barnat are pending.

The definition drill program is focused on an 850 metre-long grid oriented northwest-southeast with drill sections spaced 25 metres apart. All holes on this grid are inclined 45 to 75 degrees to the northeast or southwest. True widths of the mineralized intersections reported above are 40 to 70 percent of the drilled intersections.

Drilling to date suggests that the minimum strike length of the South Barnat Zone is 850 metres with a true width between 30 and 160 metres. The mineralized zone is open along strike to the southeast, where it merges with the old East Malartic Mine. It extends to depths of 250 to 400 metres in the southeastern portion, where the system is still open at depth. Estimated depth in the northwestern third of the deposit is 130 to 200 metres.

Mineralization in the South Barnat Zone is located to the north and south of the old Barnat and East Malartic mine workings, largely along the southern edge of the Cadillac fault. The gold mineralization comprises multiple subvertical, tabular subzones hosted both in silicified greywackes of the Pontiac Group south of the fault contact and in schistose, carbonated and biotitic ultramafic rocks north of the fault contact. Porphyry dykes on both sides of the fault contain disseminated mineralization as well as late quartz veins containing visible gold. Gold mineralization in the South Barnat Zone likely extends to the east along the north and south walls of the past-producing East Malartic mine.

All NQ or HQ core assays reported above were obtained by standard 50 g fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val d'Or, Quebec. Reported weighted averages were calculated using a minimum of 0.50 g/t Au over successive maximum intervals of 20 metres with no upper cut-off of individual assays. Intersected drifts or lost core within mineralized intersections were incorporated as blank intervals.

Osisko Mining Corp. is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $120 million on hand and is carrying out an aggressive definition drilling and exploration campaign. A NI 43-101 compliant Reserve/Resource estimate and Feasibility Study on the main Canadian Malartic gold deposit was released on September 25, 2008 and will be filed on SEDAR shortly. This estimate does not include the South Barnat Zone nor any other mineralized zone located outside the main deposit that is currently being evaluated by Osisko.

Mr. Robert Wares, P. Geo., Executive Vice-President and COO of Osisko, is the Qualified Person responsible for the technical information reported in this news release.
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Beitrag85/144, 04.12.08, 21:41:45 
Antworten mit Zitat
Dec 04, 2008 12:58 ET
Osisko Recognized for Strong Sustainability Performance
MONTREAL, QUEBEC--(Marketwire - Dec. 4, 2008) - Osisko Mining Corporation ("Osisko") (OSK:TSX)(FRANKFURT:EWX) is pleased to report that it has recently been granted two awards recognizing the positive impacts of the Canadian Malartic Project.

AEMQ 2008 e3 Award

The Association de l'exploration miniere du Quebec ("AEMQ") presented Osisko with the e3 Award (environmental excellence in exploration) which recognizes the Corporation's high level of environmental and social responsibilities as well as its conformity to the e3 best practices developed for exploration activities by the Prospectors and Developers Association of Canada ("PDAC").

The AEMQ recognized Osisko for its efforts in mitigating the impact of the Canadian Malartic Project on the surrounding population, its implication in community development as an important partner to the citizens of Malartic, and the creation of the Fonds Essor Malartic Osisko to financially support local initiatives that will improve the quality of life of the residents of Malartic. In accepting this award, Osisko acknowledges the efforts and commitment of Cygnus Consulting Inc. of Montreal, who have been managing and executing the Canadian Malartic exploration program on behalf of Osisko since 2005.

2008 Chamber of Commerce Rouyn-Noranda Extra Award

At its recent Annual Awards Banquet, the Chamber of Commerce of Rouyn-Noranda presented Osisko with its 2008 Extra Award for the economic impact of the Canadian Malartic Project in the Abitibi-Temiscamingue region.

Sean Roosen, President and CEO, commented: "We are extremely proud of these awards which recognize our positive approach to sustainability, and in particular to the residents of Malartic and surrounding communities. Osisko continues to ensure that Malartic and the Abitibi-Temiscamingue region gain significant benefits from the development of the world class Canadian Malartic Project. We share these awards with the residents and Town Council of Malartic".

About Osisko

Osisko Mining Corporation is currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with approximately $120 million on hand and is carrying out an aggressive definition drilling and exploration campaign on the Canadian Malartic deposit and surrounding properties.

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