Sep 14 2016
Osceola is pleased to announce that the Company has posted video footage of the mining operations in the Osceola Mining District on the corporate website.
To view the mining operation in process visit: http://www.osceolagoldinc.com/photos.html
"It's thrilling to be in operation. We want for all our shareholders to have an opportunity to see the operation in action, and sincerely want to express our gratitude for your loyalty as we have worked to bring this commencement to fruition. We plan to be keeping investors fully informed every step of the way, as we reach forthcoming milestones," stated Christopher Tarquinio, Chief Executive Officer, Osceola Gold, Inc.
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.
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/
Source: http://www.osceolagoldinc.com/