04:13 PM EST, 12/18/2018 (MT Newswires) -- Osisko Mining (OSK.TO) said after market close on Tuesday a bulk sample from its Windfall gold project in northern Quebec yielded 650 ounces of gold and 366 ounces of silver.

The company said 2,078 tonnes of the 5,000 tonne sample has been processed so far, with the remainder to be milled early next month. The gold and silver content in the sample graded at 9.7 and 5.5 grams per tonne of gold and silver, respectively.

"We are very pleased to deliver an early Christmas gift to our shareholders with these great preliminary results from the Zone 27 bulk sample," chief executive John Burzynski said in a release. "Having the grade come in 39% higher than anticipated is a strong result."

The company plans to process a total of three bulk samples from the site as part of its evaluation program for the project.

Osisko Mining shares closed down $0.02 to $2.48 on the Toronto Stock Exchange.

Price: 2.4900, Change: -0.0100, Percent Change: -0.40