Early this year, Osisko said the project was still at the organizational stage. It said at the time it had made no significant financial investment in the project or conducted any field work.
Compared with neighboring Chile or Peru, Argentina's mining industry is relatively undeveloped.
This has drawn interest from global companies and overall investment reached a record $2.6 billion in 2011, but there is strong local opposition to some projects from residents and environmental campaigners.
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