STEUBENVILLE, OH--(NewMediaWire - Sep 6, 2016) - Osceola (OTC
PINK: PYHH) is pleased to announce that the Company
has received the remainder of its heavy equipment, completed
operation set-up, and will commence mining operations in the
Osceola Mining District this week.
"It has not come without significant tenacity and perseverance,
but we are extremely pleased to be finally initiating production.
This has been a monumental milestone for our team. As we mobilize
toward the next set of goals, we intend to keep our investors fully
updated as we begin to generate results. This is only the
beginning. We have great expectations for the coming quarter,"
stated Christopher Tarquinio, Chief Executive Officer, Osceola Gold
Inc.
Upon initiation of processing, drilling begins under the
guidance of Distinguished Geologist, David Bending. The Mine's
primary goal is to complete 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.
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 1800's, 1930's and 1970's 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
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opportunities, plans and objectives of management for future
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"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,
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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.
