Metalla holds a 2% NSR royalty on a significant portion of the Garrison Project owned 100% by O3 Mining Inc. The Project is situated directly on the prolific Destor-Porcupine Fault Zone (DPFZ) host to numerous gold mines. The royalty covers the Garrcon, JonPol, and eastern portion of the 903 deposit.
O3 Mining acquired the project from Osisko Mining by way of a spinout transaction completed on July 5, 2019 and has been consolidated within its Golden Bear Group of projects. O3 Mining is in the process of a 150,000 meter drill program on its properties.
Interest: 2% NSR
Location: Ontario, Canada
Project Status: Development
Counterparty: O3 Mining (TSX:OIII)