STEUBENVILLE, OH--(NewMediaWire - Jul 15, 2016) - Osceola
(OTC
PINK: PYHH) is pleased to announce that the Company is
scheduled to Launch Mining Operations in the Osceola Mining
District.
"We are very delighted with the prospect of finally being able
to embark on this highly anticipated launch. We are counting down
and resolved to move forward expediently. Our plan of action to
open and launch operations at the site is in full swing," stated
Christopher Tarquinio, Chief Executive Officer, Osceola Gold,
Inc.
As the Company makes final preparations to initiate processing,
key operating personnel are moved on-site, and the ground is
prepared for drilling. The Company recently announced that under
the direction of Veteran Geologist, David Bending, the mine will be
drilling 6 to 8 core drill holes for the compiling of data required
to file a National Instrument 43-101 ("NI 43-101") resource report
and to Certify Mav G Values. Mr. Bending is a Professional
Geologist certified by the Association of Professional Engineers
and Geoscientists of the Province of British Columbia.
Osceola Gold has successfully completed its advanced satellite
subsurface GeoScan evaluation. The GeoScan evaluation yielded
results that revealed gold saturation in both target areas
tested. Based on data derived through satellite deep scanning
of the areas tested on the Mav g property, the first hotspot
revealed an average of 5-8 grams per ton was discovered in terrain
from 0 to 78 feet deep. The second hot spot which runs from surface
to 13 feet deep on an average, revealed 15 grams or higher and two
pay streaks underneath averaging 4 to 8 grams per ton.
Mining in the Osceola District, White Pine County Nevada, was
launched in the 1870s and continues to this day. Major efforts were
put forth in the late 1800s, 1930s and 1970s with both lode and
placer mining striking success with the removal of considerable
amounts of gold. Studies conducted throughout these periods
indicate economically viable amounts of gold in both the bedrock
and in particular, the placer deposits that remain. For more
information visit: http://www.nbmg.unr.edu/
About Osceola Gold: Osceola Gold, Inc. is a public
company listed on OTC Markets (OTC
PINK: PYHH). The Company was formed to pursue Gold and
precious metal mining opportunities in the surrounding area in the
Osceola Gold mining district, located in White Pine County, Nevada;
it is approximately 29 miles southeast of Ely. In addition to these
claims. Osceola Gold, Inc. is leasing the mining rights to the Mav
G mining claims, which run up the middle of a large alluvial fan
which runs from Mary Ann Canyon into the Spring Valley. Osceola
Gold, Inc. has also obtained all required permits.
Safe Harbor Act: Forward-Looking Statements are included within
the meaning of Section 27A of the Securities Act of 1933, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements regarding our expected future financial position,
results of operations, cash flows, financing plans, business
strategy, products and services, competitive positions, growth
opportunities, plans and objectives of management for future
operations, including words such as "anticipate," "if," "believe,"
"plan," "estimate," "expect," "intend," "may," "could," "should,"
"will," and other similar expressions are forward-looking
statements and involve risks, uncertainties and contingencies, many
of which are beyond our control, which may cause actual results,
performance, or achievements to differ materially from anticipated
results, performance, or achievements. We are under no obligation
to (and expressly disclaim any such obligation to) update or alter
our forward-looking statements, whether as a result of new
information, future events or otherwise.
