Osisko Mining options portfolio of Quebec-based James Bay exploration properties

Project consolidator Osisko Mining has taken an option to earn 100% of a prospective portfolio of exploration properties located in Quebec’s James Bay and Labrador Trough areas from fellow TSX-listed streaming firm Osisko Gold Royalties. Under the terms of the agreement, Osisko Mining can earn 50% of Osisko Gold Royalties' interest in the portfolio following expenditures totalling $19.2-million, and 100% of its interest upon completing the total investment of $32-million over a seven-year period.