Heute stehen keine weiteren Termine an. » zu den Börsenterminen von morgen Das Team von peketec.de wünscht allen Tradern und Investoren einen schönen Feierabend :-)
Osisko Announces an Increase in Caterpillar Lease Financing Facility
MONTREAL, QUEBEC--(Marketwire - Aug. 31, 2011) - Osisko Mining Corporation ("Osisko")(TSX:OSK)(FRANKFURT:EWX) is pleased to announce that it has entered into an agreement with Caterpillar Financial ("Cat Financial") to increase its equipment leasing facility by US $56.3 million. The facility will be used to acquire additional mobile mining equipment fleet to develop the Canadian Malartic Mine and the Barnat gold deposit.
Sean Roosen, President and Chief Executive Officer, noted: "We are very pleased with the support from Cat Financial, one of our key financial partners, as we continue to develop our flagship Canadian Malartic operations."
The funding will be utilized through the purchase of three additional loading units, nine Cat 793F haulage trucks and other ancillary Cat equipment from Hewitt Equipment, which will be delivered in 2011 and 2012.
Terms and conditions of the lease credit facility are similar to the facilities currently in place.gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
August 31, 2011 09:35 ET Osisko and EMSE Sign Agreement for Development of Famatina Project in Argentina
MONTREAL, QUEBEC--(Marketwire - Aug. 31, 2011) - Osisko Mining Corporation (the "Corporation" or "Osisko") (TSX:OSK)(FRANKFURT:EWX) and Energía y Minerales Sociedad Del Estado ("EMSE"), the La Rioja state mining corporation, are pleased to announce that they have entered into a binding agreement regarding the development of the Famatina gold project ("Famatina" or the "Project") in La Rioja Province, Argentina. The Famatina project area covers a 40 square kilometre zone hosting various gold-enriched epithermal and porphyry targets.Terms of the agreement include:
US$500,000 cash payment to EMSE within 15 days of signing the agreement
A first-year US$10M commitment in exploration expenditures during the initial 4 years term ("Initial Term") of the Agreement
Osisko may earn a 70% interest in the Project by completing a feasibility study within the Initial Term, as said Initial Term may be extended at Osisko's discretion for an additional term of 4 years if required to complete said feasibility study
Osisko commits to financing 100% of the Project's development and construction costs, with repayment of EMSE's portion from 25% of its attributable project cash flows
EMSE will be responsible for gaining all required permits throughout the life of the Project
The Famatina Project is characterized by intense hydrothermal alteration produced by a number of Upper Miocene dacite porphyry stocks intruding low grade, metamorphic sedimentary (Cambrian-Ordovician) and granitic rocks (Ordovician). Known mineral occurrences include at least five Cu-Mo-Au porphyries, three associated gold epithermal high sulfidation systems and one higher grade structurally controlled epithermal vein system. None of the mineral systems at Famatina currently have NI 43-101 compliant resources.
Mr. Sean Roosen, President and Chief Executive Officer of Osisko stated: "In Famatina, Osisko has identified an ideal project with which to enter one of the best mining jurisdictions in South America. We are very excited at the addition of another high quality project to our current portfolio of properties. We believe Famatina hosts very promising targets with excellent potential for future development. We have assembled a highly experienced team to oversee the work and we look forward to an intensive exploration program on the property over the coming year."gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
TORONTO, ONTARIO--(Marketwire - Sept. 2, 2011) - Claim Post Resources Inc. (TSX VENTURE:CPS) (the Company) announced today that Osisko Mining Corporation (Osisko) terminated the exploration agreement on Claim Post Resources wholly owned Mountjoy Property near Timmins Ontario. The original agreement on 110 claim units was signed August 10, 2009.
In 2010, Osisko completed both a 3200 sample MMI™ (Mobil Metal Ion) geochem sampling program and in 2011 a Magnetic and Radiometric airborne survey over portions of Mountjoy and Godfrey Townships. Management has been advised that Osisko's target was a large gold porphyry system which they could not identify from the airborne data thus Osisko determined that it was in their best interest to terminate the Mountjoy Township Agreement.
"Claim Post has not yet received copies of the airborne survey" stated Charles Gryba "but we are very pleased with the results of the MMI survey. Our independent geochem consultant sees 2 major trends of anomalous gold going through Mountjoy Township. Claim Post has been concentrating on looking for a major new gold trend in the Timmins Camp thus the MMI results are very encouraging."
Please visit our website at www.claimpostresources.com.gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Osisko Mining Corporation ("Osisko") (TSX:OSK)(FRANKFURT:EWX) is pleased to announce results from the spring and summer 2011 drill program at the Canadian Malartic and the Malartic CHL properties, located adjacent to Osisko's 100%-owned Canadian Malartic gold mine.
The drill program was focused on the Barnat Extension (Mammoth) area and intersected new mineralization, located either within or immediately outside the currently designed engineered pit over the eastern portion of the Barnat deposit. All of these mineralized intersections were drilled after the publication of the latest resource/reserve estimate (see March 31, 2011 press release) and are therefore not included in the current gold inventory. Highlights include 172.5 metres averaging 1.23 g/t Au, 126.5 metres averaging 1.70 g/t Au and 111.5 metres averaging 1.24 g/t Au, as well as higher grade intersections such as 3.2 metres averaging 42.05 g/t Au (uncut). Assay results for significant intersections are summarized in the table below:
September 15, 2011 17:29 ET Osisko Appoints Richard Ross to Board of Directors
MONTREAL, QUEBEC--(Marketwire - Sept. 15, 2011) - Osisko Mining Corporation ("Company")(TSX:OSK)(FRANKFURT:EWX) Deutsche Boerse) is pleased to announce the appointment of Mr. Richard A. Ross, C.A. to the Board of Directors.
Mr. Ross has more than 30 years of progressive experience within the mining industry. Most recently he served as Chief Executive Officer of Inmet Mining Corporation (2000-2009), including five years as Chairman. Mr. Ross is currently a member of the Board of Directors of Cliffs Natural Resources, Chair of St.Joseph's Health Centre in Toronto, and Executive in Residence responsible for the development of the Global Mining Management MBA Program at York University's Schulich School of Business.
Victor H. Bradley, Chairman of the Board of Directors, commenting on Mr. Ross's appointment stated: "We are very pleased to have Mr. Ross join our Board. With his depth of experience we look forward to benefit from his knowledge of the global mining industry to assist Osisko in our pursuit of developing into a leading intermediate gold producer."gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Osisko scraps Goldboro project option, Orex to explore property
The Canadian Press, On Thursday September 29, 2011, 5:14 pm EDT
By The Canadian Press
MONTREAL - Osisko Mining Corp. (TSX:OSK) has scrapped an option deal with Orex Exploration (TSXV:OX) to acquire an interest in the Goldboro gold property in Nova Scotia.
Under an earlier deal, Osisko had to spend $3.5 million to explore and develop the property by Thursday.
"The management of Osisko informed Orex that this threshold had not been reached after the most recent drilling campaign earlier this year, and that Osisko would not be continuing further exploration or development work at Goldboro," Montreal-based Orex said in a release.
"Hence, the option granted to Osisko has expired."
Orex said it will continue to explore the wholly owned Nova Scotia property.gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Osisko scraps Goldboro project option, Orex to explore property
The Canadian Press, On Thursday September 29, 2011, 5:14 pm EDT
By The Canadian Press
MONTREAL - Osisko Mining Corp. (TSX:OSK) has scrapped an option deal with Orex Exploration (TSXV:OX) to acquire an interest in the Goldboro gold property in Nova Scotia.
Under an earlier deal, Osisko had to spend $3.5 million to explore and develop the property by Thursday.
"The management of Osisko informed Orex that this threshold had not been reached after the most recent drilling campaign earlier this year, and that Osisko would not be continuing further exploration or development work at Goldboro," Montreal-based Orex said in a release.
"Hence, the option granted to Osisko has expired."
Orex said it will continue to explore the wholly owned Nova Scotia property.
gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
October 04, 2011 10:47 ET Discovery of Outcrop Gold Showings on AU33 West by DIOS and Osisko
MONTREAL, QUEBEC, CANADA--(Marketwire - Oct. 4, 2011) - DIOS EXPLORATION (TSX VENTURE:DOS) reports the discovery of outcropping gold mineralized occurrences (up to 3.79 g/t gold) in tonalite rocks on the AU33 WEST GOLD PROPERTY, James Bay, Quebec. The property is currently optioned to OSISKO MINING CORPORATION.
Highlights :
3 mineralized outcropping area were discovered and could explain some of the gold in till anomalies and the occurrence of goldbearing glacial boulders.
6 outcrop rock samples returned values greater than 1.5 g/t gold. Mineralization is disseminated (no quartz veins) suggesting a large bulk tonnage « gold porphyry » type mineralization potential.
First results of the several week July field campaign returned :
Sample Gold (g/t) X_NAD83ZONE18 Y_NAD83ZONE18
86391177 3.79 415200.8966 5782296.967
86391028 2.71 415720.8783 5781190.974
86391161 2.66 414434.9222 5781260.972
86391160 2.04 414434.9222 5781262.972
86391338 1.765 414484.9199 5780042.98
86391400 1.575 414597.916 5779921.98
86391314 0.804 420132.7282 5782512.968
86391344 0.673 414476.9202 5780026.98
86391026 0.539 415941.8709 5781470.972
86391027 0.535 415710.8786 5781190.973
A second one-month field campaign during October will target a 3 by 3 kilometer area, including a detailed geological survey, detailed outcrop sampling and soil geochemistry (and possible stripping).
A porphyry gold type deposit is looked for on AU33 WEST, in the Opinaca-Eastmain emerging gold district, also hosting the worldclass-multi-million ounce Éléonore gold deposit. The property comprises 519 mining cells covering 26,660 hectares.
Following the execution of an option and joint venture agreement in July, OSISKO was granted the option to earn a 51 percent participating interest in the property by incurring expenditures totaling $ 5,000,000 and making cash payments totaling $ 700,000 during a five year period. OSISKO was granted a second option to earn up to a 9 percent additional participating interest by incurring $ 9,000,000 of additional expenditures during a period of five years. OSISKO was granted a third option to earn an additional 10 percent participating interest by solely funding a feasibility study.
Samples were assayed by Au-AA 24 at ALS-Chemex with blank and duplicate inserts for quality control. Scan ME-ICP41 assays on forty samples greater than 0.057 ppm are pending. This press release was prepared by Marie-Jose Girard, M.Sc. Géo, 43-101 QP.gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Osisko President Sean Roosen Named Ernst & Young 2011 Quebec Entrepreneur of the Year
MONTREAL, ONTARIO -- (Marketwire) -- 10/07/11 --
Editors' note: A photo is associated with this press release.
During a ceremony held yesterday, Sean Roosen, President and CEO of Osisko Mining Corporation ("Osisko")(TSX:OSK)(FRANKFURT:EWX), was named Ernst & Young's 2011 Quebec Entrepreneur of the Year. Furthermore, he is among the five individuals to be nominated for the national honor of Canada's 2011 Entrepreneur of the Year, being announced in Toronto on November 23.
The Quebec Entrepreneur of the Year Award is given annually to an entrepreneur who has distinguished himself by his achievements, not only in terms of business success, but also in terms of socio-economic development within the community.
"I am extremely proud to receive one of Canada's most prestigious awards", noted Sean Roosen. "I humbly accept this award on behalf of the entire Osisko team-now counting over 700 employees-who are the ones truly responsible for the success of the Company."
"I especially want to share this recognition with four colleagues in particular: fellow co-founders of Osisko, Robert Wares and John Burzynski, as well as Bryan Coates, Chief Financial Officer, and Luc Lessard, Chief Operating Officer, who joined the Company early on in its development. These four Quebec entrepreneurs merit the honor bestowed by Ernst & Young. Osisko was a shared vision, and together we have designed, planned and brought it to fruition."
Osisko: creating stakeholder value
The award given to Sean Roosen and his colleagues serves to recognize the quality achievements attained by the Company in a notably accelerated period of time.
Osisko's success began with the discovery of a gold deposit in Malartic, Quebec-a site that saw production between 1935 to 1983, and which was thought to have been exhausted. By applying an innovative model of analysis, Osisko's geologist, Robert Wares, uncovered the deposit's tremendous potential, which was then gradually confirmed by an exploration program, approximately worth $100 million.
Unlike the majority of junior exploration companies, who generally sell their discoveries to large producer mining companies, Osisko's business plan was to take an exploration project into production and to create a new mining company. The Canadian Malartic mine began commercial production in May 2011.
The Quebec Entrepreneur of the Year award acknowledges not only the quality of this achievement, but also recognizes the challenges faced while leading the project to completion, including:
- Realizing the existence of a world class deposit at a site that was thought to be exhausted.
- Earning the trust, respect and cooperation of Malartic's local community-as the deposit is located on the border of the mining town of Malartic, home to approximately 3800 inhabitants.
- Negotiating jointly with the local municipality as well as with the residents, in the planning of the relocation of a neighborhood-in order to make way for the mine site.
- Recruiting a qualified and complete team needed for the development, construction and mining of the deposit.
- Raising the funds necessary for the development and construction of one of the most significant Canadian gold mines-$1.2 billion, during a time when the financial market was in crisis, turmoil and uncertainty.
A company worth no more than $5.5 million in the market in 2003, Osisko now possesses a market value of approximately $ 5.4 billion, making it one of the ten largest companies in Quebec.
A model citizen
Corporate citizenship is a focal criterion in determining the recipient of the Ernst & Young Entrepreneur award. Osisko has taken numerous actions in this respect:
- Selecting a production process which will restore one of the most polluted and abandoned mine waste sites in Quebec. In doing so, it is estimated that the Quebec government will save $8.5 million.
- Using the relocation of a neighborhood of Malartic as an opportunity to improve the quality of its urban infrastructure and amenities.
- Creating the Fund Essor Malartic Osisko ("FEMO"), a sustainable development fund for the citizens of Malartic, worth $4.5 million even prior to the start-up of the mine.
- Establishing a procurement policy that ensures the hiring and support of local vendors, suppliers, and workers, as well as training programs aimed at developing the talent and know-how of local and regional workforces. From 2008 to 2010, Osisko invested $760 million into the Quebec economy, including $500 million in Abitibi-Temiscamingue.
"Beyond our commercial success, we are especially proud of our contribution made to the development of Abitibi-Temiscamingue and Quebec", explains Sean Roosen. "It is our goal to pursue our development and to further increase this contribution. We hope that our Company's success will inspire and encourage other Quebec-based mining companies to do the same."
About Osisko
Founded in 1998, Osisko is headquartered in Montreal, Quebec. Devoted primarily to mineral exploration at the onset, the Company later transitioned into a producer, with the development of the Canadian Malartic Mine. Osisko continues exploration activities within Quebec in the Abitibi area, Canada and elsewhere in the world.
Osisko employs more than 700 individuals.
The photo associated with this press release is available at the following address: gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Pershimco and Osisko Sign Joint Venture Agreement on Courville Gold Project
http://www.marketwire.com/press-rel....x-venture-pro-1571276.htm
ROUYN-NORANDA, QUEBEC--(Marketwire - Oct. 11, 2011) - RESSOURCES PERSHIMCO INC. ("Pershimco") (TSX VENTURE:PRO) (FRANKFURT:BIZ) and Osisko Mining Corporation ("Osisko") (TSX:OSK)(FRANKFURT:EWX) are pleased to announce that they have signed an option and joint venture agreement (the "Agreement") on the Courville Gold Project, located in the Abitibi region of Quebec.
Under the terms of the Agreement, Osisko can earn a 51% interest in the joint venture by investing $20 million in exploration over a 5-year period. The cumulative expenditures are scheduled as follows:
On or before the first anniversary of the Agreement : $1.0 M
On or before the second anniversary of the Agreement: $3.0 M
On or before the third anniversary of the Agreement: $6.0 M
On or before the fourth anniversary of the Agreement: $12.0 M
On or before the fifth anniversary of the Agreement: $20.0 M
Pershimco also grants to Osisko a second option to earn an additional 19% interest, on or before the seventh anniversary of the Agreement, either by spending an additional $19.0 million Canadian dollars in exploration expenditures or by funding a feasibility study. Osisko will act as operator during the earn-in period and thereafter as long as Osisko exercises and completes the additional option.
Osisko will also subscribe to common shares of the capital stock of Pershimco for a total amount of $CAN1.5 million based on a subscription price of $1.00 per common share, representing a 17% premium to the 20-day VWAP. Furthermore, Osisko will issue Pershimco 76,000 common shares of Osisko. The funds will be used to advance exploration on Pershimco's Cerro Quema gold project in Panama.gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Osisko Deposits the First Tranche of Its Financial Guarantee Covering the Entire Cost of Rehabilitating the Canadian Malartic Site
MONTREAL, QUEBEC -- (Marketwire) -- 10/17/11 -- Osisko Mining Corporation ("Osisko" or the "Company") (TSX:OSK)(FRANKFURT:EWX) is proud to announce it has deposited the amount of $22.1 million with the Quebec Government, representing 50 % of the financial guarantee of $44.2 million, to cover the entire future cost of rehabilitating its new Canadian Malartic mine site in the Abitibi region of Quebec. The balance of the guarantee will be remitted as two subsequent payments of $11.05 million each, to be made on or around September 1, 2012 and September 1, 2013.
A first in Quebec
For the first time in the history of Quebec mining, and even though it is not yet required by law, the financial guarantee will cover 100% of the estimated costs of rehabilitating the future mine site instead of the 70% currently required by law. Osisko originally announced its commitment to provide the entire amount back in 2009.
"Since the beginning of our project, we understood and accepted that such a commitment would constitute a moral obligation, even though it is not yet a legal obligation", commented Jean-Sebastien David, Vice-President Sustainable Development of Osisko. "Not only does this new way of doing things reflect our socially responsible attitude as a corporate citizen, we also feel it is quite simply the most sensible thing to do."
The payment schedule ensures that from this point forward, the financial guarantee deposited will cover any future liabilities incurred by an unforeseen closure of the mine, regardless of the reason. For example, it is estimated that if the mine were to close today, the rehabilitation costs would be approximately $8 million, which is more than covered by the current $22.1 million deposit.
Financial guarantee to be frequently re-assessed
The amount of the guarantee was determined using a rehabilitation plan approved by the Quebec ministries of Sustainable Development and Parks ("MDDEP") and Natural Resources and Wildlife ("MRNF"). This plan has already been submitted to the Canadian Malartic Mine Monitoring Committee and will be presented to the citizens of Malartic.
The guarantee will be re-assessed every three years, or more often if necessary; for example, in the case where adjustments to the mining operations justify changes to the rehabilitation plan. "This frequency allows us, among other things, to improve our rehabilitation plan and take advantage of emerging technological innovations," explained Jean-Sebastien David, "and it also means we can adjust our financial guarantee to keep pace with inflation."
"This new approach ensures that, regardless of the scenario, the entire cost of rehabilitating the site will be assumed by Osisko and never by Quebec taxpayers," added Jean-Sebastien David. "No matter what happens, neither the government of Quebec nor its taxpayers will be required to foot the bill for rehabilitating our site".gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Der Handel der Aktien von Osisko Mining (WKN A0Q390) zeigte sich in letzter Zeit etwas ungewöhnlicher als sonst. Die Marktaufsicht hatte am Mittwoch den Handel auf Grund eines deutlichen Kursrutsches, der bereits im September begonnen hatte, sogar ausgesetzt. Osisko selbst erklärte, man wisse von keinen Entwicklungen im Unternehmen, die diese Handelsaktivitäten erklären würden.
Das Canadian Malartic-Projekt von Osisko Mining
Dann aber nutzte der Goldproduzent die Handelsaussetzung, um ein Produktionsupdate für seine gigantische Mine Canadian Malartic in Quebec zu veröffentlichen. Die Zahlen enttäuschten allerdings viele Analysten, die ein schnelleres Hochfahren der Produktion erwartet hatten. Die Experten von Clarus Securities erklärten beispielsweise, dass Osisko mit der Produktionssteigerung auf dem Projekt immer wieder Probleme mit der Tonnage habe und auch Goldgehalte abliefere, die unter den Prognosen der Analysten lägen.
Osisko meldete für das dritte Quartal eine Goldproduktion von fast 74.000 Unzen und damit rund 20% unter der Prognose von Clarus Securities von 90.000 Unzen. Auch die durchschnittlichen Goldgehalte fielen niedriger aus als die Analysten erwartet hatten. Sie behalten sich vor, ihr Kursziel anzupassen, wollen aber zunächst noch einmal mit dem Osisko-Management sprechen.
Andere Analysten sind nicht so pessimistisch eingestellt. UBS Securities beispielsweise erklärte, dass einige Investoren mit der Geschwindigkeit der Produktionszunahme unzufrieden sein dürften. Die Experten aber betrachten die Tatsache, dass Durchsatz und Goldgehalte von Quartal zu Quartal gestiegen sind, als „Trost“. Vor allem angesichts der Tatsache, dass Canadian Malartic eine sehr langlebige Mine sei und noch viele weitere Quartal anstünden. Es sei nicht ungewöhnlich, dass neue Minen auf dem Weg zur Vollproduktion kleinere Probleme erlebten.
UBS Securities erwartet, dass Osisko seine Produktionsprognose von 235.000 bis 275.000 Unzen Gold in der zweiten Jahreshälfte 2011 verfehlen wird. Die Analysten wiese aber darauf hin, dass das Unternehmen weiterhin an der Prognose eines Ausstoßes von 1 Mio. Unzen (plus minus 10%) Ende 2012 festhalte. Ihrer Ansicht nach ist Osisko auf dem aktuellen Niveau attraktiv bewertet, eine Neubewertung werde aber wahrscheinlich Zeit brauchen und hänge vom Anstieg der Produktion ab. UBS Securities bewertet die Osisko-Aktie mit „kaufen“ und einem Kursziel von 19,50 Dollar je Aktie – mehr als 70% über dem aktuellen Niveau.gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Osisko Provides Notice of Third Quarter Financial Results and Conference Call
MONTREAL, ONTARIO -- (Marketwire) -- 11/04/11 -- Osisko Mining Corporation (TSX:OSK) (FRANKFURT:EWX) announces that its third quarter 2011 results will be released on November 11, 2011 followed by a conference call on November 14, 2011 at 11:00 a.m. ET.
Q3 Conference Call Information
Those interested in participating in the conference call should dial in at 416-981-9000 (Toronto local and international), or 1-800-773-0519 (North American toll free). An operator will direct participants to the call. The call will be retransmitted for 14 days with the following dial in number: 416-626-4100 or Toll-free 1-800-558-5253, access code 21545826.gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Osisko Releases Inferred Resource Update for the Hammond Reef Project
Global Inferred resource increases to 10.52 million ounces gold http://www.marketwire.com/press-rel....oject-tsx-osk-1582829.htm
MONTREAL, QUEBEC--(Marketwire - Nov. 7, 2011) - Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX) is pleased to provide an updated inferred resource estimate for its 100%-owned Hammond Reef gold project, located near Atikokan, Ontario. New drilling by Osisko and Brett Resources from January 2010 to July 2011 (approximately 300,000 metres) has significantly increased the size of the deposit. This update reports both global and in-pit resources in the inferred category. Additional drilling subsequent to July 2011 is anticipated to allow for the upgrade of the entire in-pit deposit to Measured and Indicated category by Q1 2012.
Key points:
•Global Inferred resource currently stands at 10.52 million ounces gold (based on 0.30 g/t Au lower cut-off), an increase of 65% or 4.16 million new ounces from the total resources previously released by Brett Resources in 2009.
•The in-pit inferred resource is now 6.86 million ounces at a diluted grade of 0.63 grams per tonne gold, based on a Whittle-optimized pit shell using a gold price of US$1200 per ounce, a corresponding lower cut-off grade of 0.28 grams per tonne gold and a waste/ore strip ratio of 1.25. This represents an increase of 25% or 1.36 million ounces gold above the previous in-pit resource estimate released by Brett resources in 2009.
•At US$1800 per ounce gold, the in-pit inferred resource increases to 10.8 million ounces at an average grade of 0.50 grams per tonne gold.
•At a conservative gold price of US$1000, the in-pit inferred resource is 5.32 million ounces at a diluted grade 0.71 grams per tonne gold, with a low waste/ore strip ratio of 0.96, which is better than the industry average.
•The A (Main) and Mitta Zones form a contiguous deposit, while the 41 Zone is separate. The system was modeled as two pits with a total strike length of 2500 metres (sections 870E to 3370E). Exploration drilling around the Mitta and A zones has been successful in extending the deposit in the down-dip (southeast) direction, to a maximum distance (along dip) of 850 metres.
•Although the entire resource in this update is reported in the inferred category, variography indicates that approximately 33 to 48 percent of the global resource (depending on cut-off grade) could presently be classified in the indicated category. Osisko will report upgraded (Measured and Indicated) resource categories in Q1 2012, upon the completion of a final 130,000 metres of planned definition drilling.
SGS Canada Inc. of Montreal, Quebec ("SGS") are the independent resource estimate consultants who have authorized the release of the following estimates. The global Inferred resource is 10.52 million ounces of gold at an average undiluted grade of 0.62 g/t Au, based on a lower cut-off grade of 0.30 g/t Au. The table below summarizes the SGS estimates using variable lower cut-off grades:gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Osisko adds 4 million ounces gold to Hammond Reef but grade drops
The Hammond Reef project gets heftier for Osisko Mining as it pushes resources there to over 10 million ounces gold following a 300,000-metre drill program.
Author: Kip Keen
Posted: Tuesday , 08 Nov 2011
HALIFAX, NS -
While sacrificing some grade Osisko Mining (TSX: OSK) grew inferred resources by 46 percent at its Hammond Reef project in Ontario to 10.5 million ounces gold.
In 2009, Hammond Reef's inferred resources had weighed in at 260 million tonnes @ 0.8 g/t gold, for 6.7 million ounces gold in contained metal at a 0.3 g/t Au cut-off grade.
Now, after some 300,000 metres in drilling, Osisko pegged inferred resources at 531 million tonnes @ 0.62 g/t Au, amounting to a doubling in tonnage but a 23 percent decrease in gold grade at the 0.3 g/t Au cut-off.
That drop in grade may have caught some investors by surprise as trading volume in Osisko stock spiked yesterday, while its shareprice slid about five percent to C$12.50 on news of the resource update.
In a note to investors TD Securities mining analyst Daniel Earle picked up on the grade-sacrificing theme, suggesting the gold grade at Hammond Reef before the update "was by industry standards already a very low-grade for a milling operation, in our view."
Earle lowered his Osisko shareprice target to C$15.50.
Sean Roosen, Osisko president and CEO, acknowledged the updated gold grade was low in comparison to Canadian Malartic, Osisko's large open-pit mine in Quebec, but pointed out the projected 1.25 strip ratio at Hammond Reef "is quite robust."
Next for Hammond Reef, Osisko said, it would complete a measured and indicated resource estimate encompassing much of the deposit in early 2012 and that a feasibility study would then follow.
Quelle: http://www.mineweb.com/mineweb/view....;sn=Detail&pid=102055gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
CROP Poll in the Abitibi-Temiscamingue Region: 87 % of Malartic Residents Favourable Towards Osisko Mining Corporation
MONTREAL, QUEBEC--(Marketwire - Nov. 8, 2011) - 87% of Malartic residents have a good opinion of Osisko (TSX:OSK)(FRANKFURT:EWX), the Quebec-based mining company operating an open pit mine within the town limits. That is one of the conclusions from a poll conducted by the public opinion survey firm CROP from September 26 to October 12, 2011.
Six months after its Malartic gold mine went into production, Osisko decided to objectively gauge the project's level of acceptance among residents of Malartic and the Abitibi-Témiscamingue region. The Company commissioned CROP to conduct an opinion poll in order to learn about residents' perceptions and concerns regarding Osisko and the mining industry in general.
CROP polled 1,101 Abitibi-Témiscamingue residents from September 26 to October 12. The maximum margin of error associated with this sample size is 3.1%, 19 times out of 20. For statistics specific to the town of Malartic, the maximum margin of error is 5.7%. The CROP report is available on Osisko's website: www.osisko.com.
The highlights of the poll are provided below.
Positive impact and popular support
According to the CROP report, "the mining industry in general has had an overall favourable impact on respondents living in the Abitibi-Témiscamingue region". In fact, 95% of Abitibi-Témiscamingue residents estimate that the mining industry has had a very favourable or fairly favourable impact on their region. Furthermore:
87% of Malartic residents have a very good opinion (55%) or good opinion (32%) of Osisko.
81% of Malartic residents believe they now have better development prospects due to Osisko's presence in Malartic.
92% of Malartic residents believe that Osisko contributes greatly (75%) or adequately (17%) to the economy of Malartic. In particular, they point out the value of stable (86%) and well paid (87%) employment for Malartic residents, as well as the offers of work for local suppliers and subcontractors (80%).
89% of Malartic residents believe that Osisko has greatly (64%) or adequately (25%) contributed to Malartic's social and cultural life.
88% of Malartic residents believe that Osisko has greatly (68%) or adequately (20%) improved their community equipment and facilities.
"This poll objectively confirms what our daily encounters with Malartic citizens have been indicating", explained Osisko's Director of Communications, Hélène Thibault. "We have received solid support from Malartic residents, the vast majority of whom recognize our contribution to the economic, social and cultural development of their town. This poll reveals that only a minority of residents remain unconvinced and that we cannot expect complete consensus. But we will continue to take the necessary measures to rally the support of the majority."
Quality of life: impact mainly positive but some areas of concern
"Overall, Osisko has had a positive impact on the quality of life for citizens", states the CROP report.
Overall, 67% of Malartic residents believe that Osisko's mine has had a positive impact on the quality of life of the town's citizens.
Almost half of Malartic residents who feel the impact has been positive, cited the construction of new schools (30%) or new houses (18%) as the main reason for their opinion, whereas 32% cited Osisko's effect on the economy as their main reason. New infrastructure and equipment (roads, hospital, businesses, parks, playgrounds and other features) were also mentioned by a number of the polled Malartic residents.
21% of Malartic residents feel the mine has had a negative impact on their quality of life, mainly due to noise levels, dust, or a broader sense of pollution.
The mine is not cause for concern for 64% of Malartic residents. On the other hand, 36% expressed one or more concerns mainly related to the environment, the eventual mine closure, health worries, and vibrations caused by blasting.
"The mine has only been operating for several months now, and we are still in the start-up stage", noted Hélène Thibault. "Our performance has been good thus far, but we will be looking to improve and reduce the real and perceived impact of our mining operations on the community."
Relocation generally well perceived
Developing the new mine required relocating a Malartic neighbourhood, which meant resettling about 20% of the town's population. CROP concluded that the resettlement "was generally well perceived by citizens".
Three quarters of Abitibi-Témiscamingue residents believe the operation was carried out in a manner that was respectful of the relocated citizens. In Malartic, this percentage is 79%.
81% of Malartic residents are of the opinion that relocated citizens now have a better living environment than before. A quarter of those people (almost 20% of Malartic residents) based their opinion on their personal relocation experience. This represents virtually all the relocated residents.
Only 5% of Malartic residents believe the relocation resulted in a lower quality of living environment for relocated residents, whereas 9% believe the new living environment is equivalent in terms of quality to what the relocated residents had in their old neighbourhood.
"The relocation was a complex operation, and as with all moves, it held its share of surprises and inconveniences", explained Hélène Thibault. "But now that it is over, this poll confirms that, with few exceptions, people are very satisfied with their new living environment."
Company communication
According to the CROP report, Osisko's communication efforts were well received by citizens. "Osisko adequately listens, consults and informs."
82% of the polled Malartic residents are aware of Osisko's information campaigns, and 81% feel that Osisko is willing or very willing to listen to the people of Malartic; 72% feel that Osisko's level of public consultation in Malartic has been adequate or more than adequate.
More than half of the Malartic residents even think that Osisko consults the general public more than other mining companies in the Abitibi-Témiscamingue region.
85% of the Malartic residents believe that Osisko keeps the town's population either well informed or very well informed.
"Communication with communities must be bilateral", reiterated Hélène Thibault. "Even though the majority of Malartic residents believe our level of consultation is better than that of other mining companies, we can always improve. Our performance may be good, but it apparently still falls short of expectations for a few of the town's residents."
Osisko and the environment
According to CROP, "Citizens are conscious of Osisko's efforts to respect the environment". More specifically:
Even though 36% of the respondents believe underground mining is better for the environment than open pit mining, 81% of Malartic residents nonetheless think Osisko is putting a lot of effort or enough effort towards respecting the environment.
Once again, dust and noise were the two main concerns for Malartic residents.
"We are extremely proud of the results of this poll", concluded Sean Roosen, President and CEO of Osisko Mining Corporation. "They confirm the high level of project acceptance in the Malartic community, which has been the most directly affected by the project. But it also reveals that we must continue to improve in some areas. It seems, for example, that meeting regulations and industry standards is not always enough to reassure the general public. Whether it happens through innovation or better communication, it is our responsibility to address the concerns and worries expressed in this poll. We are willing to do what it takes to reach this goal."gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
MONTREAL, QUEBEC--(Marketwire - Nov. 11, 2011) - Osisko Mining Corporation (the "Company" or "Osisko") (TSX:OSK)(FRANKFURT:EWX) is pleased to report its review of activities and financial results for the quarter ended September 30, 2011.
Third Quarter Highlights
•Gold production of 73,814 ounces (YTD 120,419 ounces including pre-production period)
•Earnings from mine operations of $38.3 million (YTD $39.9 million)
•Net profit of $9.3 million
•Cash flow generated from operating activities of $49.5 million
•Commencement of construction of $32 million pre-crush circuit (currently 30 percent complete)
•Grade reconciliation to the resource block model is currently plus 3 percent.
Sean Roosen, President and Chief Executive Officer, commenting on the third quarter results: "We are pleased with our financial results as we continue through the ramp up process at the Canadian Malartic Mine. We realized an average price of US$1,695 per ounce of gold sold in the past quarter, a cash margin of US$756 per ounce over our Q3 cash cost per ounce. Our operating performance continues to improve and with the completion of the pre-crushing circuit in the first quarter of 2012, we will be able to capture increasingly significant cash margins and generate solid cash flows in this strong gold market. Our flagship Canadian Malartic Mine will provide us with a strong financial base for our future growth as we seek opportunities to enhance shareholder value."gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
November 14, 2011 13:02 ET Osisko Releases 2012 Canadian Malartic Mine Schedule
MONTREAL, QUEBEC--(Marketwire - Nov. 14, 2011) - Osisko Mining Corporation (the "Company" or "Osisko") (TSX:OSK)(FRANKFURT:EWX) is pleased to report its 2012 forecast mine schedule for the Canadian Malartic Mine located in Malartic, Quebec, presented in the table below.
2012 Mine Schedule Highlights
Forecast gold production ranging between 610,000 – 670,000 ounces
Achieving full ramp-up of 55,000 tpd in Q2
Increasing throughput to 60,000 tpd in Q3
Processing ore grades of between 1.11 g/t Au – 1.51 g/t Au, averaging 1.29 g/t Au for the year
Sparton Announces 3,300 Meter Drill Program With Osisko on Hammond Area Properties
TORONTO, ONTARIO--(Marketwire - Nov. 17, 2011) - SPARTON RESOURCES INC. (TSX VENTURE:SRI), (the "Company') is pleased to announce the start of a 3,300 meter drill program on its Hammond Gold Area Properties, near Atikokan, Ontario, which are currently joint-ventured with Osisko Mining Corp. ("Osisko") (TSX:OSK)(FRANKFURT:EWX). (See Sparton News Release dated March 21, 2011).
Sparton's claims straddle Osisko's Hammond Gold Project property, which hosts a NI 43-101 compliant global inferred resource of 10.52 million ounces gold. (See Osisko News Release dated November 8, 2011).
Osisko has confirmed that the diamond drilling program will commence towards the end of November 2011, and will focus on the West Hammond claim area. Access roads and drill site preparation have been completed and equipment is being mobilized to the area. Initially, 6 to 8 holes are planned, for a total of approximately 3,300 meters. These are designed to follow-up, at depth, the earlier discoveries by Sparton at the south end of the West Hammond claim block, where several wide, shallow, gold intersections were found in past drilling. These include 0.74 gm of gold over 14.8 meters and 0.80 gm of gold over 7.5 meters (See Sparton Press Release dated March 1, 2010).
The mineralization in these holes is hosted in a 50-200 meter wide zone of highly sheared, silicified and mineralized granitic rocks with variable amounts of altered intercalated mafic and intermediate volcanic material. This style of mineralization is similar to that of the Osisko Hammond Reef Deposit.
Osisko, as the program operator, has completed a comprehensive surface exploration program, approved earlier by the project management committee. Approximately 2,700 outcrops were prospected and over 1,400 whole rock samples have been taken on both the West Hammond and Clement Lake Claim groups. To facilitate the prospecting and sampling, 125 km of new grid lines were cut on the West Hammond claims.
A 27.5 line km soil sampling program was also carried out to cover new occurrences found at the north end of the West Hammond Claim block in the Sawbill Grid Area, where grab samples returned values ranging from 0.105 to 6.86 g/t Au. An induced polarization survey and ground magnetic survey were also completed in the southern portion of the same claim block. Targets generated by this work may be considered for drilling as well.
The work being carried out by Osisko is part of a $12 million earn-in, of which the initial year's expenditure was to be a minimum of $1 million dollars. The parties have recently agreed to extend the expenditure period for a further 120 days, to March 10, 2012, and the subsequent annual expenditure periods from November until the respective year ends.gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Patient Shareholders Likely to Be Rewarded In Time
After reporting relatively in-line results earlier this week, we had the opportunity to visit Osisko's Canadian Malartic project in Quebec. The Company continues to work on both the pre-crushing circuit and certain short term start-up issues that have conspired to impact throughput and costs. The first of two crushers is on site and construction has commenced. We expect it will be commissioned in late Q1 2012. The second is expected to arrive in Q2 2012 and be operational by Q3/12. It is the Company's aim to achieve 55,000 tpd mill throughput with the first crusher and up to >60,000 tpd when the second is on line. We remain confident that once the new circuit is in place, OSK will achieve its planned steady state production rates at Malartic. On this basis, we expect Malartic will take its place as a high quality, long-lived gold producer and will underpin our BUY rating and $17.75/share price target.
Revisited Guidance to Reflect Crushing Expansion
Meanwhile, Osisko reduced its previous production guidance of 1.0 million oz by the end of 2012 to a more modest range of 800-870k oz (including pre-production ozs). Q4 production guidance is estimated at 70-80k oz with cash costs of $875-$925 while 2012 guidance called for production of 610-670k oz with cash costs of $510-$575/oz.
Ore grades according to 2012 guidance are forecast to average 1.29 g/t (after reflecting 13% internal dilution) with recoveries steady at 85-86%. We note our modeled estimate of ~620k oz at ~$530/oz remains on the conservative end of the spectrum.
Other Catalysts While You Wait
Osisko continues to focus on delineating additional resources in and around Malartic with new resources anticipated for both the Western Porphyry and the Jeffrey zone by year-end while drilling continues at the Barnat Extension. We continue to believe that, over its mine life, Malartic will produce over 15 million ounces. In addition the Company will begin exploration on the recently acquired Famatina JV project in Argentina and the Courville JV gold project (with Pershimco, PRO-V, Not rated) in Quebec. At Hammond Reef, another 130k m of drilling is planned by year-end will upgrade the in-pit resource of 6.86 million oz (336.6MM tonnes at 0.63 g/t) to Indicated from Inferred.
On Hammond Reef
At Hammond Reef, OSK are looking to optimize gold production during the first five years of the planned operation in order to achieve a 20% IRR and ~5 year payback of the estimated $1.2 to $1.3 billion in construction capital. As we have often said, large - low grade projects require the alignment of technical factors such as the scheduled gold grade, strip ratio, geotechnical parameters, and metallurgical performance to allow the project to work. We'll be looking for additional updates specifically on the metallurgy and permitting as they move toward the Q3 2012 feasibility study goal linegemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Osisko Mining Corporation: Spekulativer Kauf mit Kursziel 18,25 CAD
Osisko Mining Corp. Infolge einer Besichtigung von Osiskos Canadian-Malarctic-Projekt am 15. November 2011 gehen die Analysten von Canaccord Genuity weiterhin davon aus, dass das Ziel von einem Durchsatz von 60.000 Tonnen pro Tag bis Mitte des Jahres 2012 erreicht wird. Zudem rechnen sie mit deutlich zurückgehenden Kosten.
Die Analysten haben ihre Schätzungen für das vierte Quartal 2011 und das Jahr 2012 an die am 14. November veröffentlichte Planung des Unternehmens angepasst. So rechnen sie im Jahr 2011 nun mit einem Gewinn von 0,07 USD je Aktie im Vergleich zu den ursprünglich geschätzten 0,17 USD je Aktie. Für das vierte Quartal haben sie ihre Schätzung von 0,16 USD je Aktie auf 0,06 USD je Aktie gesenkt.
Canaccord Genuity hat das 12-Monats-Kursziel von 19,00 CAD auf 18,25 CAD verringert und stuft die Aktie von Osisko als spekulativen Kauf ein.
Balmoral Acquires New Neighbour in Detour Gold Belt as Osisko Mining Options Adjacent Property
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 22, 2011) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX VENTURE:BAR) advises its shareholders that Midland Exploration Inc. ("Midland") today announced that is has granted Osisko Mining Corporation ("Osisko") an option to earn up to a 65% interest in its Casault Property. The Casault Property is located between Balmoral's Detour East and Martiniere Gold Projects along the Detour Gold Trend in central Quebec.
"While the markets can sometimes be a little slow to recognize the significance and potential of new gold discoveries like those on our Martiniere, Fenelon and Grasset properties, veteran industry participants seldom are," said Darin Wagner, President and CEO. "With the completion of the acquisition of Trade Winds Ventures by Detour Gold, and today's move by Osisko, Balmoral now shares the Detour Gold Trend with two of Canada's leading gold developers (see attached property map). We congratulate Midland on reaching a solid agreement on the Casault Property, welcome the addition of the Osisko exploration team to the Trend and look forward to the increased level of exploration activity in the neighbourhood."
Midland has reported that, under the terms of the Casault Option Agreement, Osisko Mining can earn an initial 50% interest in the Casault Property by completing $6,000,000 in work expenditures on the Property and making cash payments totaling $600,000 to Midland over 5 years. Osisko reportedly also holds a second option whereby it can earn a further 15% interest by completing a bankable feasibility study or undertaking an additional $15,000,000 in exploration expenditures on the property over an additional three year period. The Casault Property covers a 10 kilometre long stretch of the Detour-Sunday Lake Deformation Zone between Balmoral's Detour East and Martiniere Properties.
Balmoral's Detour Gold Trend Project extends for over 80 kilometres along the Detour-Sunday Lake Deformation Zone in Central Quebec. The Project hosts the high-grade Martiniere West gold discovery, the Martiniere East gold and VMS discoveries, as well as the near-surface Lynx and Rambo Gold Zones on the Detour East Property, the high-grade Fenelon Gold Zone and the recent Grasset Gold Discovery. The Company's Detour Trend Project sits adjacent the $1.2 billion dollar Detour Gold development project in Ontario and is located over 350 kilometres south of Goldcorp's $1.4 billion dollar Eleonore Gold Project which recently received key permits for construction.
Drill results remain pending from the Martiniere West, Martiniere East, Detour East and Grasset properties, as well as from the high-grade Northshore Gold Property in Ontario. Preparations are now underway for a 20,000+ metre, multi-rig drill winter drill program which will target the Martiniere and Grasset gold discoveries. The winter drill program is anticipated to commence in January of 2012.
Mr. Darin Wagner (P.Geo.), President and CEO of the Company, is the non-independent qualified person for the technical disclosure contained herein.
Balmoral is a Vancouver-based precious metal exploration and development company focused on district scale gold opportunities in North America. With a philosophy of creating value through the drill bit and with a focus on proven productive precious metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery.
On behalf of the board of directors of BALMORAL RESOURCES LTD.
Darin Wagner, President and CEOgemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
December 14, 2011 12:44 ET Osisko Comments on Trading of Common Shares
MONTREAL, QUEBEC--(Marketwire - Dec. 14, 2011) - Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX) ("Osisko" or the "Company") states that it is not aware of any information or change in the affairs of the Company that would account for the current market fluctuations in the price of the common shares of the Company.
Ramp-up at the Canadian Malartic mine, including construction of the pre-crush unit, is on schedule as per the forecast announced in the November 14, 2011 press release.gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
11:25 AM EST - Osisko Mining Corporation (OSK): John Burzynski purchased 10,000 shares at $9.3522 on 15-12-11 --
bringing his total stake in the company to 649,600 shares.gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Osisko and DIOS Discover New Gold Showings on the AU33 WEST Project
MONTREAL, QUEBEC -- (Marketwire) -- 12/22/11 -- Osisko Mining Corporation (the "Company" or "Osisko") (TSX:OSK)(FRANKFURT:EWX) and Dios Exploration Ltd ("Dios")(TSX VENTURE:DOS) are pleased to announce the results of the 2011 sampling program on the AU33 WEST property, situated south of Eastmain River in the James Bay region of Quebec. The work revealed outcropping gold showings in a felsic (tonalite-granodiorite) intrusive complex, with 34 of the mineralized outcrops concentrated in an 18-km2 area. All the showings yielded values above 100 ppb gold (0.1 g/t Au), and seven yielded between 1.58 g/t and 23.6 g/t Au. These anomalous values represent 13% of the 260 samples collected from this part of the property.
A two-month prospecting program was carried out on the AU33 WEST property in 2011, targeting the felsic (tonalite-granodiorite) igneous complex, the diorites and the volcanic belts found up-ice of gold-bearing till dispersal trains and boulders defined by DIOS' earlier work. In all, 807 outcrops from across the property were described, sampled and analyzed for gold.
The outcropping auriferous mineralization comprises 1-2% pyrite as disseminations and fracture fillings, locally accompanied by minor chalcopyrite and malachite, and is associated with potassic alteration. The gold-bearing outcrops were found up-ice of a NE-to-SW glacial dispersal train using historical data and DIOS' data for auriferous till and boulders.
The gold values are associated with silver grades and generally copper as well, in addition to bismuth and molybdenite, suggesting a porphyry-type deposit. The individual outcrops remain open laterally and at depth, and future work will focus on detailed prospecting, stripping, channelling and drilling to better define the nature and extent of the mineralization.
The style of mineralization (disseminated, not vein-hosted) and metal association suggest potential for a low-grade bulk tonnage porphyry gold deposit on the property.
Osisko has the option to acquire a 51% undivided interest in the AU33 WEST property by incurring $5,000,000 in exploration expenditures and making cash payments of $700,000 during a five-year period. Osisko has the option to acquire an additional 9% participating interest in exchange for $9,000,000 of additional exploration expenditures during an additional five-year period, each million dollars ($1,000,000) of additional expenditures increasing Osisko's interest by 1%. And finally, Osisko also has the option to acquire an additional 10% interest by solely funding a feasibility study pertaining to the AU33 WEST property within a time period equal to the lesser of: (i) the remaining time before expiry of the second option period, and (ii) a period of two years. Osisko will be Project Manager during the option period.
Osisko follows strict QA-QC protocol measures in keeping with industry standards and regulatory reporting requirements. All assays reported above were obtained by standard 50-g fire assay with AA or gravimetric finish (method Au-AA24) and a multi-element package applied to selected samples (method ME-ICP 41) at the ALS Chemex laboratories in Val-d'Or, Quebec. This news release was prepared by J. Berge, Jr. Eng., and approved by Louis Caron, P.Geo., the Qualified Person (43-101).gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
12:59 PM EST - Osisko Mining Corporation (OSK): Marcel Cote purchased 10,000 shares at $9.52 on 12-28-11 --
bringing his total stake in the company to 110,000 shares.gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
