Business & Finance
Business and Finance
Business and Finance
Tue, January 27, 2009 Osisko Mining Corporation: Osisko's Canadian Malartic Environmental Impact Study Accepted
MONTREAL, QUEBEC--(Marketwire - Jan. 27, 2009) - Osisko Mining Corporation ("Osisko") (TSX:OSK)(FRANKFURT:EWX) is pleased to announce that it was notified by the Ministry of Sustainable Development and Parks (Ministere du Developpement Durable et des Parc) ("MDDEP") that its Environmental Impact Study ("EIA") was accepted. This marks the beginning of the period during which the EIA will be made available to the public in order to give rise to a formal request for public hearings on the Canadian Malartic Project, as the case may be.
Mr. Sean Roosen, President and CEO of Osisko stated: "We are very pleased to have achieved this significant milestone in the Quebec regulatory process. Osisko, along with the Consultation Group and the Town of Malartic, yesterday filed a request with the MDDEP for public hearings on the Canadian Malartic Project. Osisko looks forward to receiving the formal schedule to be set by the Bureau d'audiences publiques sur l'environnement (BAPE) for the public hearings which will lead to the approval of the Canadian Malartic Project."
About Osisko
Osisko Mining Corporation announced a positive feasibility study on its Canadian Malartic Project in November 2008 and tabled environmental impact study for the Project in September 2008. Osisko continues to carry out an extensive definition drilling and exploration program on its surrounding properties in the Abitibi region. The development of the Canadian Malartic Project is underpinned using sustainable development principles.
Forward Looking Statements
Certain statements contained in this press release may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that the Corporation expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "scheduled" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, including, without limitation that all technical, economical and financial conditions will be met in order to put the Canadian Malartic Project into commercial production, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include gold prices, access to skilled consultants, mining development and mill production personnel, results of exploration and development activities, the Corporation's limited experience with production and development stage mining operations, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment, timeliness of government approvals, actual performance of facilities, equipment and processes relative to specifications and expectations, unanticipated environmental impacts on operations market prices, continued availability of capital and financing and general economic, market or business conditions. These factors are discussed in greater detail in the Corporation's most recent Annual Information Form filed on SEDAR, which also provides additional general assumptions in connection with these statements. The Corporation cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Corporation's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Corporation believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.
