Post by
u2bob on Sep 15, 2016 5:19pm
MTO Makes Sense....
MTO Barry project and Bachelor Mill and property... makes a lot of sense for Osisko mining to take over ... just too much negotiation to be done now with the Cree and permits from the government will take years and years to develop... The smart business thing for osisko to do is to buy out metanor... And connect the properties between Souart and WIndfall through Barry connecting all 15 kilometers in one permitted property... Just read their news release from today hello and you see how it makes sense... and if not it will only take longer for metanor to do it on its own... As long as gold prices stay up... Osisko Mining Corporation is developing new mine project in Malartic and Lebel-sur-Quvillon RELEASED TODAY AT 13 H 57 The Chief Geologist Osisko Mining, Robert Wares, addressing the Chamber of Commerce of Val-d'Or The Chief Geologist Osisko Mining, Robert Wares, addressing the Chamber of Commerce of Val-d'Or PHOTO: CBC / SANDRA ATAMAN SHAREFacebookTwitterMore 0 Societe Miniere Osisko Mining formerly Oban, is working on two projects in development, Malartic and Lebel-sur-Quvillon. The chief geologist, Robert Wares, made the presentation this afternoon at the Chamber of Commerce of Val-d'Or. With the information of Sandra AtamanTwitteremail Mr. Wares was one of the founders of Osisko Mining which developed the Canadian Malartic mine. The new company also is exploring a project 12 kilometers from the gold mine in Malartic. This is the Marban project, an open pit mine project, which will soon be at the stage of feasibility study. For its part, the Windfall project, east of Lebel-sur-Quvillon, is an underground mine project. Mr. Wares sees a lot of potential. "Higher levels. Marban is 1.2 grams; Windfall's going to be in the order of 8.5 grams and in a relatively isolated area. Still easily accessible, many forest roads. There is a Hydro-Quebec line that runs right next to the camp, so electricity is available. It'll take an agreement with the Cree, "he said. Many of the mining area of Val-d'Or service providers wanted to know more about the projects of the Societe Miniere Osisko. "It's a spinning wheel, and prospectors, when we speak of course of the mining sector, are the first to turn, said the president of the Chamber of Commerce of Val-d'Or, Stephane Ferron. Geologists, geophysicists, they are upstream projects that will then be in production. So them is starting, then there will fit the whole chain drilling companies we know, service providers ... create more mining, sometimes indirect jobs than jobs direct. So people who were here in the room, they are service providers. "
Comment by
fruitvale3067 on Sep 16, 2016 2:59pm
Bob, I love the way you make business decisions for Osisko. If it were only that easy.