STEUBENVILLE, OH--(NewMediaWire - Jul 25, 2016) - Osceola
(OTC
PINK: PYHH) is pleased to announce that the Company has
taken delivery of its WA500 Wheel Loader and Neff Bowls, and has
completed the set-up of the Sluice Boxes. The Gold Wash Plant,
housing, and kitchen have been brought in and established to
functionality, and the safety office is complete.
Due to a delay in the delivery of machinery, and the remainder
of some necessary tools to the site, the Company has pushed up the
anticipated launch of its full-scale mining operation. The
excavator and rock truck are expected to arrive on-site this week,
and production is expected to commence imminently thereafter.
Osceola Gold has opted to keep investors fully updated through
the periodic uploading of photos to the Corporate website and its
social media pages. In respect of Regulation Fair Disclosure,
material news will be disclosed through publicly disseminated
announcements.
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 1870's 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..
