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Kirkland Lake makes a move on Osisko

Canadian miner Kirkland Lake Gold (TSX:KL) has taken a further 5.03% stake in Osisko Mining (TSX:OSK) this week, a move that Osisko CEO John Burzynski brands as a major validation of its flagship Windfall Lake project, in the Urban Barry camp between Val-d’Or and Chibougamau in Quebec.

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Osisko expects to start collecting ore for a bulk sample at Windfall Lake in the next three weeks

Under the transaction, Kirkland acquired 14.7 million Osisko shares at C$1.70 (US$1.32) per share.