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Osisko Gold Royalties Ltd.
Summary
| Project: | Mantos Blancos | |
|---|---|---|
| Deposit: | Mantos Blancos | |
| Location: | Chile | |
| Commodities: | Copper | |
| Date: | 6/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 30-6-2017: Osisko Gold Royalties Ltd. announces a Resource Estimation report for its Mantos Blancos deposit at the Mantos Blancos project. Updated mineral resource and reserve estimates for Mantos Blancos. Golder Associates S.A (Golder) was retained by Or | |
| Resources: | (Reserve, P+P): 81.153Mt @ 0.69% Cu for 556445t Cu contained at project | |
| CP/QP: | [Resources]: Ronald Turner Buschmann (Golder Associates) | |
| ABSTRACT: | Golder Associates S.A (Golder) was retained by Orion TitheCo Limited (Orion) to prepare an independent Technical Report on the Mantos Blancos Mine (the Mine or Mantos Blancos) in Chile, which is owned 96% by Orion Fund JV Limited and operated by Mantos Copper S.A (Mantos Copper). The purpose of this report is to support the public disclosure of Mineral Resource and Mineral Reserve estimates for the Mine as of December 31, 2016. This Technical Report is prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects and has an effective date of June 23, 2017. Mantos Copper is a mining company focused on the extraction and sale of copper. The company owns and operates two mines in northern Chile, Mantos Blancos and Mantoverde, both located in the Antofagasta and Atacama regions, producing over 100,000 tonnes of copper per year. Additionally, Mantos Copper has two development projects to increase production and useful life of its operations: the Mantoverde Sulphide Development Project and the Mantos Blancos Concentrator Debottlenecking Project. The Mantos Blancos deposit is a volcanic-hosted, strata-bound copper deposit with silver contents, located in the Antofagasta Region, 45 kilometers northwest of the region's capital and 800 meters above sea level. It was one of the first private copper mines in Chile, dating back to 1960, and was an important deposit in the history and progress of the Antofagasta Region. Mantos Blancos is an open pit mine extracting both sulphide and oxide copper ores. Processes include crushing, milling, concentration, leaching, and a solvent extraction plus electrowinning. The process produces copper concentrates and high-purity (LME Grade A) copper cathodes. Copper concentrates also contain silver. | |
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