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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Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.
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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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According to the industry group, such reform would encourage additional investment in capital and technology.
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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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Canada’s largest diversified mine expects profit for the period to be significantly below estimates, due mainly to the low oil prices at the end of 2018, issues at its operations in Trail, B.C., and a decline in commodity prices.
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