Canadian Mining Journal


Osisko Mining to acquire Beaufield Resources

Osisko Mining (TSX:OSK) is stitching together a larger land package around its Windfall project in northern Quebec with its proposed $17.5 million all-share acquisition of Beaufield Resources (TSXV: BFD).

Beaufield’s Urban property is adjacent to Osisko’s Windfall project in the Abitibi greenstone belt.

Windfall’s Lynx zone is about 500 metres from Beaufield’s property boundary.

Among Beaufield’s other assets are Eleonore-Opinaca, which lies directly adjacent to Goldcorp’s (TSX: G; NYSE: GG) Eleonore property, and Hemlo, which is adjacent to Barrick Gold’s (TSX: ABX; NYSE: ABX) Hemlo mine.

Continue reading at The Northern Miner.