Dear Moneynews Reader: Please find below a special message from our sponsor, Gold Stock Investor. They have important information to share with you. Thank you. Moneynews.com • Canadian Malartic is Canada's largest gold deposit, with an NI 43-101-qualified 6.28 million oz. of gold reserves – plus an additional 1.4 million oz. of Measured & Indicated Resource, and an additional 2.53 million oz. of Inferred Resource. • With completion of positive feasibility in November 2008, with the acceptance of the Environmental Impact Study by Quebec in January this year and with completion of a C$403-million equity financing in February, Osisko is well into the development phase with the Canadian Malartic Project and is targeting commercial production to start in April 2011 – in two years. • As big as the project is now, it's getting much bigger. The company has eight drill rigs active with a 200,000-meter drilling program in 2009, testing the significant South Barnat Zone – a higher-grade zone adjacent to the planned pit on the northeast side—and another five potentially mineralized areas. To appreciate Osisko is to recognize the very large scale of the Malartic operation, as we delineate in this report. • Based on the company's recent market cap, Osisko's gold in the ground is presently valued at approx. $110/oz. By achieving commercial production at the targeted rate of approx. 590,000 oz. annually, investors might expect to see these ounces rise in value to between $200/oz. to $600/oz., depending on the price of gold, based on peer-group valuations for intermediate-size producers. The company is covered by nine independent mining analysts. • Given the company's success to date, and with the price of gold above $900/oz., the rapid value-adding process of development at Canadian Malartic may present an attractive opportunity for gold stock investors, per the metrics outlined. Dear Investor, Rarely do opportunities emerge like Osisko Mining Corporation (TSX: OSK; US OTC: OSKFF). Nearly always, the truly world-class gold deposits are controlled by major mining companies. In this instance, Osisko, a junior, controls the Canadian Malartic Project 100%, and an investment in Osisko is a direct investment in one of North America's largest gold reserves, and one of the largest gold-development projects in the world. Osisko's project development team, headed by CEO and Haileybury School of Mines alumnus Sean Roosen, has significant experience with bringing large-scale gold projects into production, having participated in the development and construction of ten mines. Osisko Chairman Victor Bradley was the founder of Yamana Gold Inc., and formerly served as the Chairman of Yamana. The Canadian Malartic Gold Project lies adjacent to the highway in the town of Malartic in the heart of the historic Abitibi mining district in Quebec, 260 miles northwest of Ottawa. The area is equipped with extensive infrastructure. The town of Malartic is an historic mining town, having been the site of three large gold mines including the East Malartic Mine, which operated from 1936 to 1983. All of the towns along the 100-mile stretch of the Abitibi Mining District have a mining culture. The company's independent Feasibility Study, completed in November, 2008, calls for an open-pit operation that produces an average of 591,000 ounces of gold per year over a ten-year mine life. The feasibility study was compiled independently by respected BBA Inc., with the collaboration of MICON International Ltd, G Mining Services, Genivar, Golder Associates and the Osisko technical team. Highlights of the Feasibility Study FollowCOMPANY-SPONSORED INVESTOR RELATIONS REPORT March 31, 2009 Canada's Largest Gold Reserve RapidlyDeveloping Into a World-Class Gold Mine Experienced Mining Team Targets Production at
Average 590,000 Oz. Gold/Year Starting in Two Years.
• Osisko holds a 100% interest in the Canadian Malartic gold deposit in Quebec, Canada, one of the best mining jurisdictions globally. Canadian Malartic is one of the world's largest undeveloped gold resources that is wholly owned by a junior explorer, and is located in a mining district near extensive infrastructure.
With the Full Report:
Tuesday, 31 March 2009
Posted by Britannia Radio at 12:37