Clifton Star and Osisko report 1.33m measured and indicated ounces of gold at Donchester

Clifton Star Resources (CVE:CFO) and Osisko Mining Corp (TSE:OSK) announced Monday  updated measured and indicated resources of 1.33 million gold ounces at its Donchester property, part of the joint venture Duparquet project in southwestern Quebec.
The revised NI 43-101 compliant report stated 22.5 million tonnes of measured and indicated resources at 1.84 grams per tonne (g/t), or 1.33 million ounces of gold. Also reported was 4.7 million tonnes of inferred resources at 2.02 g/t, or 302,000 ounces of gold.
The report was based on 218 drill holes at a cut-off grade of 0.5 g/t, the company said.
Osisko has the right to acquire a 50% interest in the Duparquet project by spending a total of $70 million in exploration expenditures from 2010 to 2013, as well as by extending loans to Clifton to fund option payments on the property.
The Donchester property's main ore body, which measures down to a depth of 381 metres of a one kilometre strike length, lies along the same syenite poryphyry as the Beattie deposit. The 823.5 acre site adjoins the Beattie property to the east.
The Duparquet project also includes the Beattie, Central Duparquet, and Duquesne tailings deposits, which were not included in the Donchester resource reported today.
However, the companies also announced Monday a separate 2.77 million ounce in-situ inferred gold resource at the Beattie deposit.
The Vancouver, B.C.-based company said it is looking forward to its summer and winter drilling campaign at Donchester, through which it hopes to increase both the open-pit and underground resource potential, and place more ounces in the measured and indicated category.