Osisko drill results lift Abitibi Royalties to new heights

Yamana Gold (TSX: YRI) and Agnico Eagle Mines (TSX: AEM) bid for Osisko Mining (TSX: OSK) looks just a bit better today than it did yesterday.

Osisko demonstrated the Canadian Malartic project's longer term potential with the release of results from the first drill intersection into the Odyssey North target on the eastern flank of the property. The hole was drilled 700 metres east of Jeffrey zone along the Cadillac-Larder Lake Fault, roughly 4.5 km from the Canadian Malartic mill complex.

The highlight intercept came out of the Odyssey North zone and returned 110.2 metres grading 2.85 g/t Au at a depth of approximately 1,150 metres. Osisko says the true width of intercept was 70 metres.

The big hit occurred in an area 290 metres below a historic hole that assayed an average of 1.83 g/t Au over 51.8 metres. It was also 130 metres below and 140 metres east of a separate historic hole that averaged 2.12 g/t Au over 70.1 metres.

Read the entire story at NorthernMiner.com/news/osisko