The Lalor mine will then be joining the ranks of primary gold producers as one of the lowest sustaining costs in the industry.
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The deposit has historical resources of 2.7 million tonnes grading 0.59% zinc, 1.7% lead, 0.40% copper, 72.0 g/t silver, and 1.0 g/t gold.
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Historical measured and indicated resource at the property are of 2.57 million tonnes at a grade of 117 g/t Ag for a silver resource of 9.63 million ounces.
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The optionee must spend $4 million on exploration, pay Casa $550,000 and issue Casa 2.5 million shares in yearly stages.
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The Toronto-based miner reported the approval of the Environmental Impact Assessment Study for the expansion of the tailings deposition facility at the Peruvian mine.
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The Toronto-based miner reported the approval of the Environmental Impact Assessment Study for the expansion of the tailings deposition facility at the Peruvian mine.
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Osisko Metals considers the exploration potential to be high both at Key Anacon and adjacent properties it owns.
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The indicated resource totals 7.6 million tonnes grading 117 g/t silver, 0.5% zinc and 0.3% lead.
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Each company will contribute an additional $1 million for exploration at the Upper Kobuk mineral projects, located along the Ambler volcanogenic massive sulphide (VMS) belt.
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The zinc-silver-lead-gold project is located in the Bergslagen district, first mined in the 13th century.
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