Source: Osisko Mining.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Osisko Mining Inc. (OSK) has announced its most recent significant corporate updates, including a shift in its management team
  • It has its Windfall Project drill hole database to help prepare for an updated mineral resource estimate
  • Osisko will continue drilling at Windfall, and track mineralization at the Golden Bear area
  • The company said goodbye to Alix Drepack as CSO
  • It also welcomed Ronald Bougie as VP of Construction and engineering and Andréanne Boisvert as VP of Environment and Community Relations
  • Osisko Mining Inc. (OSK) is down 5.82 per cent trading at $3.40 per share as of 2:16 p.m. ET

Osisko Mining Inc. (OSK) has announced its most recent significant corporate updates, including a shift in its management team.

Oisko has just closed its Windfall Project drill hole database on track to help it prepare for an updated mineral resource estimate scheduled for its fourth quarter this year.

According to the company, the updated estimate will form the foundation for the planned Windfall Project feasibility study scheduled for delivery by the end of this year. The study will help inform the company’s Windfall Project production decision.

Osisko plans to continue exploration drilling, including expansion targets within the Windfall deposit, testing more high-priority targets close to Windfall, and tracking mineralization in the Golden Bear discovery area.

The company expects the extraction of a bulk sample taken at the Triple Lynx zone to be completed early next month. Processing of the approximately 5,000 tonnes of material is anticipated to begin during the third quarter at a custom mill near Timmins, Ontario. Test results are expected to be released sometime by the end of this year.

Osisko stated it is sending off Alix Drepack, the Chief Sustainability Officer of the company but will continue participating as a member of Osisko’s technical advisory committee.

The company also announced the appointment of Ronald Bougie as Vice-President of Construction and Engineering and Andréanne Boisvert as Vice-President of Environment and Community Relations.

Bougie has over 35 years of construction and project development experience. He was instrumental as General Manager of Engineering and Construction for Osisko during the development and construction of the Canadian Malartic gold mine, the largest producing gold mine in Canada.

Boisvert has over 20 years of experience in environmental and community relations positions. She previously worked with WSP by leading mandates for ecological studies, strategic studies, pre-feasibility and feasibility and negotiations with government authorities.

Osisko Mining Inc. (OSK) is down 5.82 per cent trading at $3.40 per share as of 2:16 p.m. ET.

More From The Market Herald

" Grizzly (TSXV:GZD) to advance 2022 drilling for BC precious & battery metals projects

Grizzly Discoveries (GZD) is reviewing proposals for core drilling during the 2022 exploration season.

" ArcPacific (TSXV:ACP) locates lost gold-copper mine on LMSL Project

ArcPacific Resources Corp. (ACP) has discovered an early 1900s era gold-copper mine at its LMSL Project in British Columbia.

" CanAlaska Uranium (TSXV:CVV) begins airborne survey at Geikie Project

CanAlaska Uranium (CVV) has begun a high-resolution helicopter-borne aeromagnetics and radiometrics survey on its Geikie project.

" Osisko Development (TSXV:ODV) releases San Antonio Property mineral resource estimate

Osisko Development Corp. (ODV) has released an initial open pit resource estimate at its San Antonio Project in Sonora State, Mexico.