Osisko Gold Royalties Ltd (TSX:OR) (NYSE:OR) is pleased to announce that it has entered into an agreement with Talisker Resources Ltd. to acquire the following royalties for total cash consideration of CAD $7,500,000:
About the Royalty Properties
Bralorne is a large brownfields exploration property, covering an area of 13,782 hectares, located in south-central British Columbia that has produced over four million ounces of gold at an average grade of 17.7 g/t during its operating history. Talisker is currently conducting a 100,000 meter exploration drilling campaign at Bralorne which will serve as the basis for resource development and economic studies.
The Ladner property was acquired by Talisker through its acquisition of New Carolin which was announced on July 26, 2021. The Ladner property comprises an area of 14,380 hectares of the Coquihalla Gold Belt in southern British Columbia. Like Bralorne, Ladner is a large property having excellent infrastructure and is accessible by a major provincial highway. Ladner also has a permitted 1,300 tonne per day mill and tailings facility. A technical report from 2015 conducted on Ladner, outlines a total inferred mineral resource of 691,540 ounces of gold (including 12,132,000 tonnes grading 1.53 g/t gold for 607,000 oz at the Carolin Mine, 3,575,000 tonnes grading 0.69 g/t gold for 79,540 oz at the McMaster Zone, and 84,000 tonnes grading 1.64 g/t for 5,000 oz at the Tailings deposit).
The Golden Hornet property comprises 4,959 hectares covering intrusion related gold vein systems. Previous work conducted on the property includes trench samples grading 21.1 g/t gold over 5.1 meters and 4.17 g/t gold over 14 meters. Talisker is currently conducting an initial drill campaign on Golden Hornet with results to be received in the coming months.
The scientific and technical content of this news release has been reviewed and approved by Guy Desharnais, Ph.D., P.Geo., Vice President, Project Evaluation at Osisko Gold Royalties Ltd, who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Osisko Gold Royalties Ltd
Osisko is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 160 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada.
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We acknowledge the [financial] support of the Government of Canada.