Osisko Exploration's Profile
Osisko Mining Corporation Montréal, Québec, TSX : OSK, Deutsche Boerse (Frankfurt): EWX , holds a 100% interest in the Canadian Malartic gold deposit in Quebec, Canada, one of the world's best mining jurisdictions. A positive feasibility study was published on November 25, 2008, with the aim of evaluating the deposit and the 100%-owned adjacent areas for a large-scale, open-pit, bulk-tonnage mining operation.
The study converted 6.28 million ounces of gold in the Proven and Probable Reserves categories with 1.41 million ounces in the Indicated Resource category and 720,000 ounces in the Inferred category. Canadian Malartic is one of the world's largest undeveloped resources wholly owned by a junior developer, and is located in a mining district with extensive existing infrastructure.
The Company is well financed with $120 M in cash.
6.28 Million Ounce NI 43-101
Proven and Probable Gold Reserves
An extensive 200,000-metre definition and exploration drilling program is underway in 2008 on five mineralized zones and high potential exploration targets on the property. As of November 2008, eight drills were operating in the Malartic camp. The Barnat Zone, a separate gold mineralized zone located northeast of the Canadian Malartic deposit, has returned very good results and a resource calculation is planned for Q1 2009.
·Canadian Malartic Gold Property, Quebec Canada
Osisko's flagship property is the 100% owned Canadian Malartic gold property, located in the heart of Quebec's prolific Abitibi Gold Belt, immediately south of the town of Malartic, approximately 20 kilometres west of the town Val d'Or. The property (127 claims and one mining concession with a total surface area of 5680 hectares) includes the former underground Canadian Malartic Mine, which poured over 1 million ounces of gold between the years 1935 – 1965 from ore grading 3 to 6 grams/tonne Au. Between 1935 and 1983, production in the Malartic camp totalled over 5 million ounces (Canadian Malartic, Barnat-Sladen and East Malartic Mines).
·Castelo Dos Sonhos Gold Property, Brazil
Located in the Tapajos Gold province, Para State, central Brazil, an area that has produced, since the 1950’s, over 20 million ounces of gold from artisan mining. 72,000 hectare property comprising thirteen adjacent blocks.
Osisko to fund exploration work and make $345,000 US in staged cash payments to acquire a 70% interest in Castelo.
Two gold-bearing zones known from previous exploration work: Esperanca Sul and Esperanca Centro. Esperanca Sul is defined by a large area of gold soil anomalies that is 5 km long and 1 to 2 km wide, while Esperanca Centro is an area of gold soil anomalies that is 2 km long and 500 m wide.
Results from previous exploration work on Esperanca Sul include trench sampling that returned up to 1.39 g/t Au over 77 m, and drilling that returned up to 2.80 g/t Au over 20 m.
Also a 100% interest in 241 new claims located immediately west of the Canadian Malartic property. The new Cadillac township property (the "Cadillac Property") has more than twice the surface area of the Canadian Malartic property (12,060 hectares) and covers the same geological environment which hosts the Canadian Malartic deposit.
FOR FURTHER INFORMATION PLEASE CONTACT:
Osisko Exploration Ltd
Vice-President Corporate Development
Osisko Exploration Ltd
416-742-5600 Toll Free: 1-866-580-8891
Management & Directors
Eng. T.President and CEO, Director
Graduate of the Haileybury School of Mines, over 20 years international experience including exploration and development projects (Etruscan, Echo Bay, Placer Dome).
P. Geo.Executive Vice-President and COO, Director
A geologist with over 25 years of experience, currently a director of the Quebec Order of Professional Geologists.
Bryan A. Coates,
CAVice President Finance and CFO
Mr. Coates is a chartered accountant with over 20 years experience in the mining industry. Most recently Vice President Finance and Chief Financial Officer of Quebec based Cambior Inc.
P. Geo., M.Sc.Vice-President of Corporate Development
Over 20 years experience in Quebec and internationally on exploration and development projects (Barrick-Pangea Goldfields Tanzania, Echo Bay – IGR Ghana).
LL.B.Vice President Legal Affairs and Corporate Secretary
Mr. Lebel is a graduate of Laval University (B.Sc. A., Consumer Studies) and holds a Bachelor of Laws (LL.B. Civil Law) from the Université de Sherbrooke. He is a member of the Quebec Bar Association and has more than 10 years of experience in the administration of natural resource companies. Prior to joining Osisko, he was Vice President Legal Affairs with IAMGOLD Corporation.
P. Eng.Vice President Engineering and Construction
Mr. Lessard has more than 20 years of experience in mining development and operations, and has participated in several greenfield and brownfield mine construction and development/expansion projects in Québec and South America. Prior to October 2007 he was Vice President Engineering and Construction with IAMGOLD Corporation.
B. Sc., MGPVice President Sustainable Development
Mr. David has a B. Sc. in Geology and a Masters Degree in Project Management from the Université du Québec à Chicoutimi. He has held various positions in mining operations and in the environmental sector with large and medium size companies. Prior to joining Osisko, he was General Manager – Sustainable Development with a large intermediate gold producer.
P. Eng.Manager – Mining
Mr. Johnson has more than 25 years of experience in large-scale open pit mining operations both in Quebec and internationally. Mr. Johnson is responsible for the development of the mining plan, selection of open pit equipment, supervision of mining and equipment maintenance operations.
P. Eng., M.Sc.Manager – Mineral Processing
Mr. Cimon has more than 20 years of professional experience in design and operating of large gold extractions plants. He is responsible for overseeing the design of the mill, selection of processing equipment and mill and tailings operations. Mr. Cimon was recently involved in the design, start-up and successful operations of the Rosebel Mine in Suriname.
CAChairman of the Board
Mr. Bradley is a chartered accountant with over 40 years experience in the minerals industry. He is the founder and Chairman of Yamana Gold Inc., currently serves as Chairman of Aura Minerals Inc. and is a director of Frontier Pacific Mining Corp.
CEO of EurAsia Holding AG, 25 years in international resource, transport and logistics project management and financing.
Staph Leavenworth Bakali,
B.A., Msc. in Management, London Business SchoolDirector
Over 20 years of business experience, primarily in biotech. Most recently COO of ID Biomedical before its acquisition by GlaxoSmithKline.
André J. Douchane,
Over 35 years of experience in the mining industry, he is currently President and Chief Executive Officer of Starfield Resources. Prior to 2006, he was President and CEO of North American Palladium Ltd.; President of Management Inc.; and President and Chief Operating Officer of Chief Consolidated Mining Co.
Dr. Vézina is an engineer with over 40 years experience in the mining industry and has served as President of the Quebec Mining Association. Until his retirement in June 2006, he was Vice President of Industrial Engineering and Environment of Quebec based Cambior Inc. He is still active within the mining industry as a consultant and as an adjunct professor at McGill University in Montreal and Laval University in Quebec City.
Broker Fact Sheet
OR Broker Fact SheetThu Mar 29, 2019Fact sheet details
Thu Sep 17 2009, 11:48PM
Fri Jan 16 2009, 10:50AMInterim Consolidated Financial Statements For the nine months ended September 30, 2008
Fri Jan 16 2009, 10:36AMBNN chats with Sean Roosen, president and CEO, Osisko Exploration Ltd.