STEUBENVILLE, OH–(Marketwired – 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.
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