Abitibi Royalties (TSXV:RZZ) announced that it has received the initial gold resource estimates from Osisko Mining Corporation for the Charlie and Gouldie gold deposits, on which Abitibi holds a 2% Net-Smelter-Return.
Glenn J. Mullan, CEO of Abitibi Royalties commented:
As operator, Osisko has provided us with their estimate of the gold reserves, and resources, on the portion of the Charlie and Gouldie gold deposits that lie completely within the Royalty Claim and which we believe to be potentially beneficial to our shareholders. The Company also announced indicated and inferred resources on January 17th, 2012 and March 2, 2012 on the Jeffrey Zone which forms part of the Malartic CHL Property.
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