OSISKO MINING INC.
Investment in Osisko Mining
In August 2013 Southern Arc acquired a 26% interest in Eagle Hill Exploration, which was advancing the high-grade Windfall Lake gold project in Quebec, Canada. With gold grades averaging 8.42 g/t gold in the indicated category, Windfall Lake is one of Canada's highest-grade resource-stage gold projects, located in one of the world's best mining jurisdictions.
In August 2015 Eagle Hill was purchased by Oban Mining Corp. (re-named Osisko Mining) for a 258% premium over market price as part of a four-way merger with Oban Mining, Eagle Hill, Ryan Gold and Corona Gold. Osisko Mining has made a series of acquisitions and is advancing multiple gold properties in Ontario and Quebec, Canada. Southern Arc still holds a substantial investment in Osisko Mining, with both shares and warrants.
Osisko Mining has created a well-financed mining company with a diverse portfolio of properties focused in Canada's Abitibi Gold Belt.
Osisko holds a 100% in the high-grade Windfall Lake gold deposit located between Val-d'Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area (82,400 hectares), a 100% interest in the Marban project located in the heart of Québec's prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. The Corporation also holds interests and options in a number of additional properties in northern Ontario.
Osisko is focused on the emerging Windfall district in Quebec and has a 400,000m drill program in progress.
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