Osisko Mining has entered into a binding letter of intent with Deloitte Restructuring, acting as trustee in bankruptcy for Maudore Minerals, to acquire ownership of a land package of 1,205 claims in the Lebel-sur-Quévillon area of Québec. The acquisition adds to 2,942 claims recently acquired by Osisko in the same area by staking. The combined land area of the two acquisitions totals 2,160 km2 and has been named the “Quévillon project” by Osisko.
Kirkland Lake Gold reported that underground exploration drilling has discovered a new gold deposit, the Lantern deposit, at its Cosmo mine in Australia’s Northern Territory. The deposit is located within 100 m of underground infrastructure and remains open for expansion along strike and down plunge.
Endeavour Silver reported that exploration drilling continues to expand recently discovered, high-grade silver-gold mineralized zones to greater depths in the Terronera vein and at shallow depths in the La Luz vein at its Terronera property in Jalisco state, Mexico.
Recent drilling in the Terronera vein has expanded the main high-grade mineralized zone down to 400 meters (m), with the zone remaining open at depth and to the southeast. Drilling has also intercepted mineralized footwall and hangingwall splays that in some places merge to form one very thick mineralized zone.