Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Osisko Development (TSXV: ODV; NYSE: ODV) said chip samples from new development areas at its Trixie test mine have returned as much 361.93 g/t gold over 1.1 metres (10.56 oz. per short ton) from underground chip samples. The mine is part of Osisko’s Tintic project in the central part of Utah.
Highlights of the chip sampling program include:
The samples were taken from the T2 structure and T4 stockwork on the 625 level and along new development at the Trixie decline. Interest on that level is focused on the north towards the Trixie fault and the 756 vein.
Osisko says the T2 and T4 structures show multi-ounce gold grades associated with high-sulphidation epithermal mineralization, structurally controlled and hosted within quartzites.
