A property deal with a private vendor has given
By making staged cash payments of $80,000 to the vendor by the end of June 2005, Osisko will earn a 100% interest in the 14.7-sq.-km property.
Canadian Malartic produced 1.1 million oz. gold between 1935 and 1965, from 9.9 million tonnes grading 3.4 grams gold per tonne. There are six known zones of near-surface mineralization on the property; all were drilled by Lac Minerals in the 1980s before that company was taken over by Barrick.
Drilling by Osisko will attempt to block out a resource in the near-surface zones and test at depth for possible stockwork gold mineralization.
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