11:40 AM EDT, 03/15/2018 (MT Newswires) -- Osisko Mining Inc. (OSK.TO) is down nearly 3% after providing a mineral resource estimate for its 100% owned Osborne-Bell gold deposit, 5 kilometres northwest of the town of Lebel-sur-Quevillon, Quebec. This estimate is the result of 927 drill holes (279,925 metres) completed by previous operators on the project since 1994, including 50 that were completed after their last resource estimate was published in 2012, and 4 new drill holes completed by Osisko in December 2017.

Highlights

Inferred resource of 2.58 million tons at 6.13 g/t Au for 510,000 ounces of gold assuming US$1,300 per ounce gold price and a lower cut-off grade of 3.0 g/t Au

Ongoing 50,000 metre 2018 exploration drill program, including definition/expansion drilling at Osborne-Bell

Osborne-Bell deposit remains open at depth below 500 meters.

Price: 2.58, Change: -0.04, Percent Change: -1.53