OSK - Osisko Mining - WKN A0Q390

[Kesso]

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."

 

[Kesso]

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."

 

[Kesso]

greenhorn schrieb am 12.05.2008, 16:07 Uhr[/url]"]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

 

[Kesso]

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.

 

[Kesso]

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

 

[Kesso]

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

 

[Kesso]

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

 

[Kesso]

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.

 

[Kesso]

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

 

[Kesso]

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
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[Kesso]

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.

 

[Kesso]

:D


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

 

[Kesso]

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.

 

[Kesso]

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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[Kesso]

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.

 

[Kesso]

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.
Your newswire of choice for expert news release distribution.
1-800-774-9473 (US) | 1-888-299-0338 (Canada) | +44-20-7562-6550 (UK)

 

[Kesso]

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!!

 

[Kesso]

http://www.marketwire.com/press-release/Osisko-Mining-Corporation-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
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.
Your newswire of choice for expert news release distribution.
1-800-774-9473 (US) | 1-888-299-0338 (Canada) | +44-20-7562-6550 (UK)

 

[Kesso]

South Barnat hält was es verspricht und übertrifft bis dato!!
diese Grades über diese Längen - einfach Klasse 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

 

[Kesso]

:D 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.

 

[Kesso]

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.

 

[Kesso]

und wieder super Ergebnisse!
Osisko drills 186 m of 1.75 g/t Au at South Barnat


2008-12-11 13:45 ET - News Release

Mr. John Burzynski reports

OSISKO INTERSECTS 186 METRES AVERAGING 1.75 G/T AU AT SOUTH BARNAT

Osisko Mining Corp. is releasing 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 1.75 grams per tonne gold over 186 metres (BA08-3179) and 2.39 grams per tonne gold over 49 metres (BA08-3177). Narrow zones of higher-grade gold values were also encountered, including 39.5 grams per tonne gold over 2.7 metres (BA08-3175) and 33 grams per tonne gold over four metres (BA08-3179).


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

BA08-3166 855E 123.0 163.0 40.0 2.01
BA08-3168 025E 19.9 47.5 27.6 0.92
And 89.5 107.6 18.1 1.19
BA08-3169 750E 149.3 180.3 31.0 3.68
BA08-3170 750E 187.0 204.8 17.8 2.27
BA08-3171 425E 16.5 53.9 37.4 2.13
And 85.0 104.5 19.5 0.92
BA08-3172 075E 17.7 80.0 62.3 1.44
BA08-3173 075E 50.4 95.5 45.1 1.11
BA08-3174 075E 74.0 128.0 54.0 1.00
BA08-3175 075E 95.2 133.5 38.3 3.84
including 129.5 132.2 2.7 39.51
BA08-3177 125E 127.5 176.5 49.0 2.39
BA08-3178 600E 155.5 169.0 13.5 1.57
BA08-3179 550E 13.5 31.5 18.0 2.82
And 123.5 309.5 186.0 1.75
including 287.5 291.5 4.0 33.03
BA08-3180 550E 141.0 178.0 37.0 1.63
And 269.5 307.5 38.0 0.70
And 319.0 323.5 4.5 25.21
BA08-3181 550E 146.0 201.0 55.0 1.69
BA08-3182 700E 73.5 100.0 26.5 2.45
BA08-3184 700E 167.0 192.5 25.5 0.92
BA08-3185 700E 165.5 210.5 45.0 0.80
BA08-3186 700E 150.0 311.6 161.6 0.90
BA08-3187 375E 47.3 143.0 95.7 0.79
BA08-3188 375E 190.0 265.7 75.7 0.77


Drill holes BA08-3167, BA08-3183, BA08-3189 and BA08-3190 did not reach the intended target depths and/or did not intersect significant mineralization. Drill holes BA08-3170, BA08-3178 and BA08-3188 were lost in fault zones or intercepted historic mine workings and did not reach the intended target depths. Assay results for BA08-3176 and 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 per cent to 70 per cent 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 dikes 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-gram fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val d'Or, Que. Reported weighted averages were calculated using a minimum of 0.5 gram per tonne gold 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 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 financed with approximately $120-million on hand and is carrying out an aggressive definition drilling and exploration campaign. A National Instrument 43-101-compliant reserve/resource estimate and feasibility study on the main Canadian Malartic gold deposit was released on Nov. 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 Mining.

Robert Wares, PGeo, executive vice-president and chief operating officer of Osisko Mining, is the qualified person responsible for the technical information reported in this news release.

We seek Safe Harbor.

 

[Kesso]

Osisko drills 116.9 m of 1.85 g/t gold at South Barnat

2008-12-22 12:07 ET - News Release

Mr. John Burzynski reports

OSISKO INTERSECTS 117 METRES AVERAGING 1.85 G/T AU AT SOUTH BARNAT

Osisko Mining Corp. has released 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 drill intersections include 1.85 grams per tonne gold over 116.9.0 metres (BA08-3211), 3.34 grams per tonne gold over 52.9 metres (BA08-3208) and 1.68 grams per tonne gold over 113.0 metres (BA08-3207). Results from 20 new holes are shown in the attached table.
From To Length Gold
Hole No. Section (m) (m) (m) (g/t)

BA08-3192 000E 72.9 97.5 24.6 1.06
BA08-3193 500E 19.5 39.5 20.0 2.62
and 110.5 178.3 67.8 1.30
BA08-3196 750E 76.5 93.1 16.6 1.11
BA08-3197 550E 27.5 67.5 40.0 1.97
and 122.0 245.5 123.5 1.00
and 268.0 379.1 111.1 1.02
BA08-3198 550E 29.0 65.5 36.5 1.60
BA08-3199 600E 75.5 138.5 63.0 1.56
and 187.0 242.5 55.5 1.21
and 288.3 368.4 80.1 1.30
BA08-3200 600E 38.5 67.0 28.5 2.90
and 142.0 161.0 19.0 1.45
and 204.5 338.5 134.0 1.06
BA08-3201 855E 69.0 97.5 28.5 3.01
BA08-3202 375E 74.5 154.5 80.0 1.30
BA08-3203 375E 53.0 94.1 41.1 1.68
and 115.1 220.5 105.4 1.37
including 216.5 218.1 1.6 30.30
BA08-3204 500E 144.0 187.0 43.0 1.02
and 288.5 372.1 83.6 0.71
BA08-3205 500E 156.0 197.5 41.5 1.11
and 250.7 262.5 11.8 4.62
and 334.5 402.0 67.5 1.61
BA08-3206 500E 173.5 199.5 26.0 2.30
and 325.0 365.0 40.0 1.06
BA08-3207 550E 71.7 154.6 82.9 1.14
and 196.0 309.0 113.0 1.68
BA08-3208 855E 312.4 365.3 52.9 3.34
including 349.9 351.0 1.1 23.80
BA08-3209 855E 66.0 85.0 19.0 1.75
and 100.0 153.7 53.7 1.14
BA08-3211 550E 9.1 126.0 116.9 1.85
BA08-3212 550E 8.5 52.5 44.0 1.31
and 97.0 221.5 124.5 1.48
BA08-3214 450E 56.0 114.5 58.5 1.73
and 266.0 309.0 43.0 1.96
BA08-3215 450E 25.0 51.5 26.5 2.64
and 295.5 323.0 27.5 1.64


Drill holes BA08-3191, BA08-3194, BA08-3195 and BA08-3210 did not reach the intended target depths and/or did not intersect significant mineralization. Drill holes BA08-3196 and BA08-3198 were lost in fault zones or intercepted historic mine workings and did not reach the intended target depths. Assay results for BA08-3213 and 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 per cent 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 dikes 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-gram fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val d'Or, Que. Reported weighted averages were calculated using a minimum of 0.50 gram per tonne gold 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 is currently developing the Canadian Malartic gold deposit and adjacent areas into a large-scale open-pit, bulk-tonnage mining operation. The company is well financed with approximately $110-million on hand and is also carrying out an aggressive definition drilling and exploration campaign. An NI 43-101-compliant reserve/resource estimate and feasibility study on the main Canadian Malartic gold deposit was released on Nov. 25, 2008, and has been filed on SEDAR. This estimate does not include the South Barnat zone or any other mineralized zone located outside the main deposit that is currently being evaluated by Osisko.

Robert Wares, PGeo, executive vice-president and chief operating officer of Osisko, is the qualified person responsible for the technical information reported in this news release.

We seek Safe Harbor.

 

[Kesso]

30.12.2008 - 14:30

Quelle: http://www.finanztreff.de/kurse_einzelkurs_news,i,7490916,id,28149729.html

stockreport.de: Osisko Mining: Aktie legt in wenigen Wochen um 100% zu!

Am 13.11.2008 nahmen die Experten von stockreport.de die Aktie von Osisko Mining (TSX:OSK / WKN A0Q390) zu 1,80 CAD (kanadische Dollar) in Ihr Musterdepot auf. Der Zeitpunkt war nahezu perfekt gewählt, denn in nur wenigen Wochen veröffentlichte das Unternehmen mehrere überzeugende Meldungen was auch der Aktie zu einem ordentlichen Aufschwung verhalf. Aktuell notiert der Titel bei 3,55 CAD, was einem Plus von 97% seit der Depotaufnahme entspricht.

Doch nicht nur mit Osisko haben die Abonnenten von stockreport.de zuletzt hohe Gewinne erzielt. Während die meisten Anleger schon seit vielen Wochen über hohe Verluste klagen, laufen die soliden Investments von stockreport.de reihenweise ins PLUS in nur wenigen Tagen oder Wochen.

So z.B. gerade geschehen mit Detour Gold, die aktuell um 7 CAD notieren, und damit seit der Aufnahme bei 4 CAD von stockreport.de um 75% im Kurs steigen konnten, sowie Tanganyika Oil (Vorstellung zu 26,50 CAD, aktuell über 31 CAD) und Yamana Gold (Kauf bei 5,50 CAD, aktuell 9,25 CAD) die sich mit +68% im Musterdepot befinden. Verpassen Sie also nicht die NÄCHSTE CHANCE!

Doch kommen wir nun wieder zurück zu Osisko Mining. Die von Osisko am 11. Dezember veröffentlichten Bohrergebnisse der South Barnat Zone auf dem Weltklasse Canadian Malartic Projekt von 186 Metern mit durchschnittlich 1,75 g/t Gold haben den Kurs zu einem erneuten Höhenflug verholfen! Nur eine Woche vorher am 03.12.08 hat man mit durchschnittlich 3,21 g/t Gold auf 102 Metern ebenfalls gezeigt, dass die South Barnat Zone nicht von schlechten Eltern ist. Am 25. November legte Osisko seine Machbarkeitsstudie vor, die dem Vorkommen eine Reserve von 6,28 Mio. Unzen Gold bescheinigt. Dazu noch 1,41 Mio. Unzen an Ressourcen. Das Canadian Malartic ist das größte Projekt seiner Art, das von nur einem Junior Explorer zu 100% gehalten wird. Laut der Machbarkeitsstudie wird Osisko in den ersten 5 Jahren 600.000 Unzen Gold pro Jahr produzieren, und das bei Kosten von 319 Dollar pro Unze. Damit ist Osisko ein heißer Übernahmekandidat! "Die Aktie von Osisko sorgte für super Performance in unserem Musterdepot, ist jedoch mit mehr als 70 kanadischen Dollar pro Unze Gold nicht mehr so attraktiv bewertet wie beispielsweise Detour Gold, so stockreport.de.

Doch wie geht es mit Osisko Mining weiter?
Sollte man jetzt lieber verkaufen oder seine Aktien weiter halten?
Lesen Sie mehr dazu in der nächsten Ausgabe von stockreport.de

Wie Sie sich nun selbst überzeugen konnten haben die Leser von stockreport.de in nur wenigen Wochen 100% Gewinn erzielt. Doch die Aktie von Osisko Mining ist nur ein Beispiel der aktuell vielen Gewinneraktien von stockreport.de.

Der Börsenbrief setzt hierbei auf Qualitätstitel die aktuell reihenweise ins Plus laufen.

Wie uns ein Sprecher von stockreport.de berichtete hat man im Moment noch einige interessante Titel auf der Watchlist. Bereits Anfang 2009 will man mit der Vorstellung der spannendsten Unternehmen beginnen, lassen Sie sich dies auf keinen Fall entgehen.

+ + + + + + + + + + + + +

Melden Sie sich noch bis zum 07.01.09 an und sichern Sie sich Ihre GESCHENKE IM WERT VON 600,- EUR + eine kostenlose Probeausgabe, die Sie gleich nach der Anmeldung GRATIS erhalten!

Wenn Sie sich noch bis zum 07.01.09 für den stockreport-Börsenbrief entscheiden zahlen Sie NUR 290,- EUR ANSTELLE DER REGULÄREN 490,- FÜR DAS JAHRESABO. Das beste: Nach den 12 Monaten Laufzeit müssen Sie nichts tun, denn des Abo verlängert sich nur, wenn Sie das auch ausdrücklich wünschen! Zusammen mit dem kostenlosen SMS-Service, im Wert von 400,- Euro, haben IHRE GESCHENKE EINEN GESAMTWERT VON 600,- EUR!

MELDEN SIE SICH HIER AN, nur dann erfahren Sie auch alle Aktien um Gewinne zu erzielen:
http://www.stockreport.de/neuanmeldung.asp

+ + + + + + + + + + + + +

30.12.2008
Aussender:
Finance Publications GbR
www.stockreport.de

 

[Kesso]

Feb 03, 2009 16:42 ET
Osisko Mining Corporation Enters Into a Bought Deal Agreement for Gross Proceeds of C$220,675,000

MONTREAL, QUEBEC--(Marketwire - Feb. 3, 2009) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Osisko Mining Corporation ("Osisko" or the "Company") (TSX:OSK)(FRANKFURT:EWX) has today entered into an agreement with a syndicate of underwriters led by Thomas Weisel Partners Canada Inc. and BMO Capital Markets (the "Underwriters") under which the Underwriters have agreed to buy 48,500,000 units (the "Units") from Osisko on a bought-deal basis and sell them to the public at a price of C$4.55 per Unit. Each unit will consist of one common share and one-half common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of C$5.45 until November 17, 2009.

The Company has also granted to the Underwriters an over-allotment option to purchase an additional 7,275,000 Units at the same price, exercisable in whole or in part, for a period of 30 days on or following the closing date.

The gross proceeds raised from the offering will be C$220,675,000 (C$253,776,250 if the over-allotment option is exercised). The offering is subject to the approval of the TSX. The Units will be offered in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec by short form prospectus, and in such other jurisdictions, including the United States and in those jurisdictions outside of Canada which are agreed to by the Company and the Underwriters, where the Units can be issued on a private placement basis, exempt from any prospectus, registration or other similar requirements. The offering is expected to close on or about February 25, 2009.

Osisko intends to use the net proceeds of the offering to fund the development of the Malartic project and for general corporate purposes.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

 

[Kesso]

Feb 03, 2009 16:42 ET
Osisko Mining Corporation Enters Into a Bought Deal Agreement for Gross Proceeds of C$220,675,000

MONTREAL, QUEBEC--(Marketwire - Feb. 3, 2009) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Osisko Mining Corporation ("Osisko" or the "Company") (TSX:OSK)(FRANKFURT:EWX) has today entered into an agreement with a syndicate of underwriters led by Thomas Weisel Partners Canada Inc. and BMO Capital Markets (the "Underwriters") under which the Underwriters have agreed to buy 48,500,000 units (the "Units") from Osisko on a bought-deal basis and sell them to the public at a price of C$4.55 per Unit. Each unit will consist of one common share and one-half common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of C$5.45 until November 17, 2009.

The Company has also granted to the Underwriters an over-allotment option to purchase an additional 7,275,000 Units at the same price, exercisable in whole or in part, for a period of 30 days on or following the closing date.

The gross proceeds raised from the offering will be C$220,675,000 (C$253,776,250 if the over-allotment option is exercised). The offering is subject to the approval of the TSX. The Units will be offered in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec by short form prospectus, and in such other jurisdictions, including the United States and in those jurisdictions outside of Canada which are agreed to by the Company and the Underwriters, where the Units can be issued on a private placement basis, exempt from any prospectus, registration or other similar requirements. The offering is expected to close on or about February 25, 2009.

Osisko intends to use the net proceeds of the offering to fund the development of the Malartic project and for general corporate purposes.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

 

[Kesso]

Osisko files prospectus for $350.35-million bought deal

2009-02-09 19:54 ET - News Release

Mr. John Burzynski reports

OSISKO MINING CORPORATION FILES PRELIMINARY SHORT FORM PROSPECTUS

Osisko Mining Corp. has filed a preliminary short form prospectus with the securities regulatory authorities in certain provinces in Canada in connection with its previously announced public offering of 77 million units of the corporation at a price of $4.55 per unit for gross proceeds of $350.35-million. Each unit will consist of one common share and one-half of one common share purchase warrant. In connection with the offering, Osisko has entered into an underwriting agreement with a syndicate of underwriters, led by Thomas Weisel Partners Canada Inc. and BMO Capital Markets, for the purchase, on a bought-deal basis of the units.

The underwriters have been granted an option to purchase an additional 15 per cent of the units for market stabilization and overallotment purposes. The overallotment option may be exercised at any time, in whole or in part, until that date which is 30 days following the closing date.

The corporation intends to use the proceeds of the offering for the development and construction of its Canadian Malartic project and for working capital purposes.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

We seek Safe Harbor.

 

[Kesso]

Feb 19, 2009 17:54 ET
Osisko Mining Corporation Files Final Short Form Prospectus

MONTREAL, QUEBEC--(Marketwire - Feb. 19, 2009) -

Osisko Mining Corporation ("Osisko" or the "Corporation"). (TSX:OSK)(FRANKFURT:EWX) announces that it has filed a final short form prospectus with the securities regulatory authorities in certain provinces in Canada in connection with its previously announced public offering of 77,000,000 units (the "Units") of the Corporation at a price of $4.55 per Unit for gross proceeds of $350,350,000. Each Unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one additional common share upon payment of the exercise price of $5.45 until November 17, 2009. The Toronto Stock Exchange has conditionally approved the listing of the Warrants. The Corporation will issue and sell the Units in accordance with the conditions contained in an underwriting agreement entered into with a syndicate of underwriters (the "Underwriters"), led by Thomas Weisel Partners Canada Inc. and BMO Capital Markets.

The Underwriters have been granted an option (the "Over-allotment Option") to purchase an additional 15% of the Units for market stabilization and over-allotment purposes. The Over-allotment Option may be exercised at any time, in whole or in part, until that date which is 30 days following the closing date which has been set for February 25, 2009.

The Corporation intends to use the proceeds of the offering for the development and construction of its Canadian Malartic Project and for working capital purposes.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

 

[Kesso]

damit hat ist das Projekt eigentlich durchfinanziert bis zur Produktion.................. 8)

Feb 23, 2009 18:01 ET
Osisko Mining Corporation Announces the Exercise of the Over-Allotment Option

MONTREAL, QUEBEC--(Marketwire - Feb. 23, 2009) -

Osisko Mining Corporation ("Osisko" or the "Corporation") (TSX:OSK)(FRANKFURT:EWX) announces that, in connection with its previously announced public offering of 77,000,000 units (the "Units") of the Corporation at a price of $4.55 per Unit, the syndicate of underwriters (the "Underwriters"), led by Thomas Weisel Partners Canada Inc. and BMO Capital Markets, have notified the Corporation that they are exercising the option (the "Over-allotment Option") to purchase an additional 15% of the Units for market stabilization and over-allotment purposes. The Underwriters will thereby purchase 11,550,000 additional Units (the "Additional Units") at a price of $4.55 per Additional Unit.

The exercise of the Over-allotment Option will increase the gross proceeds received from the offering by $52,552,500 to a total amount of $402,902,500. The Corporation intends to use the proceeds of the offering for the development and construction of its Canadian Malartic Project and for working capital purposes.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

 

[Kesso]

Osisko Mining earns $1.46-million in 2008

2009-03-24 17:51 ET - News Release

Mr. Sean Roosen reports

OSISKO RELEASES YEAR-END RESULTS

Osisko Mining Corp. has released its financial results for the period ended Dec. 31, 2008.

During the fourth quarter, Osisko Mining Corp. incurred a loss of $2.1-million (one cent per share), compared with a loss of $1.8-million (one cent per share) in the corresponding period of 2007. The 2008 loss was mainly attributable to the write-off of an exploration project in Brazil, and a loss of $700,000 for the dismantlement and the disposal of the East Malartic mill. The losses were partially offset by the gain on foreign exchange of $4.1-million due to the weakening of the Canadian dollar against the United States currency.

For the year ended Dec. 31, 2008, the company incurred a profit of $1.5-million (one cent per share), compared with a loss of $11.8-million (nine cents per share) in 2007. The variation in net income in 2008 is mainly attributable to:


Foreign exchange gain of $5.8-million (compared with a loss in 2007 of $3.3-million), due to the weakening of the Canadian dollar against the U.S. currency;
Recognition of a future income tax recovery following the renunciation of exploration expenses to the subscribers in 2007 of $25-million flow-through financing;
Higher interest income due to higher cash balances following an equity issue late in 2007.

The company has no operating income as it is in development stage.

The company has continued to advance the development of its flagship asset, the Canadian Malartic project. Key achievements during the year included:


Completion of a positive feasibility study that defined the following material factors:
Proven and probable reserves of 6.3 million ounces of gold (183.3 million tonnes at 1.07 grams per tonne (g/t) gold (Au) based on 0.36-gram-per-tonne cut-off);
Capital investment of $789-million (U.S.);
Annual estimated gold production of 591,000 ounces for 10-year period at a cash operating cost of $319 (U.S.) per ounce;
Significant progress on the relocation program including the relocation of 60 homes and the initiation of construction on three institutional buildings;
Filing of the environmental impact assessment study with the Quebec government and the commencement of the public hearings in early 2009;
Negotiation of two credit facilities;
$83-million (U.S.) equipment leasing facility;
$20-million unsecured term loan;
Completion of 238,326 metres of drilling on the project;
Issuance of a National Instrument (NI) 43-101 inferred resource calculation on the Barnat deposit with an estimated 2.0 million ounces of gold (36 million tonnes at 1.74 g/t Au based on a 0.36-gram-per-tonne cut-off);
Creation of a sustainability fund for the residents of Malartic.

In addition, the company completed a $403-million equity financing on Feb. 25, 2009, by issuing 88.55 million units at a price of $4.55 per unit. Each unit comprises a common share and one-half warrant. Each warrant gives right to purchase a common share before Nov. 17, 2009, at a price of $5.45.

Sean Roosen, president and chief executive officer, commented on the past year's performance: "We have again delivered against our objectives of fast-tracking the exploration and development of the Canadian Malartic project. With our recent successful equity financing, we have the financial capacity to pursue our goal of developing this world-class deposit and becoming a leading intermediate gold producer by 2011. We are now one of the best financed and most advanced developer companies in the gold sector. Our strong balance sheet is a testament to our great project in a great community."

The 2008 year-end financial statements, and management discussion and analysis (MD&A) will be filed on SEDAR by March 31, 2009.