One line says plenty
in response to
by
posted on
Mar 23, 2010 09:04AM
Historic Discovery Along Porcupine Destor Fault
As far as I know, Osisko started drilling on Feb 15, with 4 drills, just over a month ago. Drilling is more than slapping a bit on and making 100 m a day. I expect that a series of drill holes will be reported together. IMO the drilling plan requires that a certain number of holes are completed, split, shipped, assayed, check assayed, compiled in strategic packages. I don't expect drill news for some weeks yet, maybe as late as May.
One line in today's news about Osisko's purchase of Brett Resources re-stated what I see as the potential of Duparquet deposit, as big if not bigger than Malartic. CFO has less than 10% of the shares outstanding than Osisko. CFO has 200,000 +, NI 43-101 ounces of gold at the surface, in tailings that have "aged" potentially increasing recovery from ~9 miilion tonnes... not to guess what ounces are in the old mill residue.
If the Duparquet syenite intrusive shows itself to be a classic gold porphyry deposit then watch this company fly. An Osisko officer commented recently that they will know if the Duparquet stacks up a lot sooner than they will know how big the deposit is.
Seems they are drilling to 450 meters across the deposit, focusing on the open pit potential and that means hundreds of holes to drill. There may be more drills on site at present.
Osisko is earning in (not taking out... yet) and is the operator. Patience on the NR on assays, there will be plenty... and the potential of Duparquet
from news coverage on Osisko takeover of Brett Resources,
"Osisko has an agreement to earn 50% in the Clifton Star project which some observers feel could also turn out to be as big as Canadian Malartic. "
DYODD