Canadian Mining Journal


Osisko Mining says Windfall will be a ‘company maker’

Osisko Mining (TSX: OSK) says it will hang ‘for sale’ signs on most of its properties and focus entirely on its 100% owned Windfall project in Quebec, one of the highest grade resource stage gold projects in Canada.

“We’ve had a pivot point over the last eight weeks and our absolute focus is on Windfall,” John Burzynski, Osisko Mining’s president and chief executive officer, announced during a presentation at the recent Precious Metals Summit in Beaver Creek, Colorado. “What Windfall represents is not a deposit, it’s not a camp, we actually think we have a district here.”

The company – which consists of the same management team, the same engineers and geologists, and a lot of the same directors that were key to the success of the first iteration of Osisko Mining, which put the Canadian Malartic mine into production in 2011 – says Windfall has got all the makings of another success story.

When the company got its hands on the project last year, its previous owners, Eagle Hill Exploration Corp. had defined a resource of about 1.5 million oz of gold in two main zones (Cariboo and 27) and completed a preliminary economic assessment.

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