Arcadium shareholders approve $6.7bn sale to Rio Tinto
Shares of Arcadium Lithium rose about 7% in extended trading after the company said that about 98% of its shareholders had voted in favor of the sale.
Osisko Metals released drill results from the East Mill zone at its Pine Point project. Eight of the nine intercepts reported are from outside of the current resource boundaries. Drill highlights include:
All of the intercepts reported are from vertical depths of 16 metres to 45 metres.
Osisko plans to start drilling untested prismatic deposit gravity targets at the project in the coming days. Drilling is expected to continue into the first quarter of next year.
Based on a resource update released in November, Pine Point is host to an inferred resource of 52.4 million tonnes at 4.64% zinc and 1.83% lead. The majority of this resource is pit constrained.
According to the company, a large portion of the current resource is based on drilling previously completed by Cominco whose exploration objectives were different from Osisko’s.
(This article first appeared in the Canadian Mining Journal)
