QUEBEC – Osisko Mining of Montreal has completed the initial resource estimates for the Charlie and Gouldie deposits adjacent to its Canadian Malartic mine. Abitibi Royalties of Val d’Or, QC, holds a 2% net smelter return on the claim.
The Gouldie and Charlie area has proven and probable reserves of 3.65 million tonnes grading 1.00 g/t Au, or 117,963 contained ounces. In addition to the reserves, the measured and indicated resources total 3.48 million tonnes at 0.772 g/t Au or 94,290 oz of gold. The inferred resource is 907,300 tonnes grading 0.807 g/t Au or 23,541 oz.
A map of the Gouldie-Charlie zone and other exploration targets near the Canadian Malartic mine are posted at Osisko.com.