Clifton Star Resources CFO:CA and Osisko Mining Corporation OSK:CA announced results from Clifton’s Duparquet Project in the Abitibi region, Quebec. Assay highlights include 2.26 g/t gold over 40 metres, 1.26 g/t over 77.5 metres and 1.9 g/t over 88 metres.
Osisko has the right to acquire a 50% interest in the Duparquet project by incurring total exploration expenditures of $70 million over three years, and extending loans—of $8.5 million for 24 months and $22.5 million for 36 months—to Clifton to fund option payments on the property.
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Vice-President, Osisko Mining Corporation
or Harry Miller,
President, Clifton Star Resources
by Ted Niles