Osisko Announces Purchase of Additional Royalties from Talisker

MONTREAL, Dec. 06, 2021 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (“Osisko” or the “Corporation”) (OR: TSX & NYSE) is pleased to announce that it has entered into an agreement with Talisker Resources Ltd. (“Talisker “) to acquire the following royalties for total cash consideration of CAD $7,500,000:

• an additional 0.5% net smelter return (“NSR”) royalty on all minerals produced from the Bralorne property (“Bralorne”), 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 (“Ladner”) which was recently acquired by Talisker through its purchase of New Carolin Gold Corp (“New Carolin”); and
• a future 1% NSR royalty on all minerals produced from the Golden Hornet property (“Golden Hornet”) which becomes effective should Talisker exercise its option to acquire control of Golden Hornet.

About the Royalty Properties

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. 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.

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. 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. A technical report from 2015 conducted on Ladner, outlines a total inferred mineral resource of 691,540 ounces of gold (including 12,132,000 tonnes grading 1.53 g/t gold for 607,000 oz at the Carolin Mine, 3,575,000 tonnes grading 0.69 g/t gold for 79,540 oz at the McMaster Zone, and 84,000 tonnes grading 1.64 g/t for 5,000 oz at the Tailings deposit).  

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. Talisker is currently conducting an initial drill campaign on Golden Hornet with results to be received in the coming months.