'We're pretty certain there'll be similar Windfall type deposits' - Osisko Mining CEO
Osisko Mining (TSX:OSK) is advancing its Windfall project in Quebec, an underground gold mine with about 300,000 ounces of annual production, but CEO John Burzynski is also focused on surrounding targets.
Burzynski spoke to Kitco on Monday.
The preliminary economic assessment for Windfall is pre-production costs of C$544 million with peak payable with an internal rate of return of 39.4% and a net present value of C$1.534 billion after taxes.
In August Osisko announced results from expansion intercepts. The company said there was strong continuity of the Windfall mineralization with high-grade intercepts in multiple different zones across the deposit, namely Lynx Main, Lynx 4 and Underdog.
"We feel that there's a lot of room for discovery. We're pretty certain there'll be lots of similar Windfall-type deposits as the years go forward," said Burzynski.