Osisko Gold grabs additional royalties from Talisker for C$7.5M
(Kitco News) - Osisko Gold Royalties (OR: TSX & NYSE) announced Monday that it has entered into an agreement with Talisker Resources to acquire additional royalties for total cash consideration of CAD $7,500,000.
The company said that the agreement covers an additional 0.5% NSR on all minerals produced from the Bralorne property, increasing Osisko’s total NSR royalty interest on Bralorne to 1.7%; a 1.5% NSR royalty on all minerals produced from the Ladner property which was recently acquired by Talisker through its purchase of New Carolin Gold; and a future 1% NSR royalty on all minerals produced from the Golden Hornet property, which becomes effective should Talisker exercise its option to acquire control of Golden Hornet.
Bralorne is a large brownfields exploration property, covering an area of 13,782 hectares, located in south-central British Columbia that has produced over four million ounces of gold at an average grade of 17.7 g/t during its operating history.
The company said that Talisker is currently conducting a 100,000 meter exploration drilling campaign at Bralorne which will serve as the basis for resource development and economic studies.
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The Ladner property was acquired by Talisker through its acquisition of New Carolin which was announced on July 26, 2021. The Ladner property comprises an area of 14,380 hectares of the Coquihalla Gold Belt in southern British Columbia.
The company added that like Bralorne, Ladner is a large property having excellent infrastructure and is accessible by a major provincial highway. Ladner also has a permitted 1,300 tonne per day mill and tailings facility.
The Golden Hornet property comprises 4,959 hectares covering intrusion related gold vein systems. Previous work conducted on the property includes trench samples grading 21.1 g/t gold over 5.1 meters and 4.17 g/t gold over 14 meters.
According to a press-release, Talisker is currently conducting an initial drill campaign on Golden Hornet with results to be received in the coming months.
Osisko is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 160 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada.