Sunday, September 18, 2016 2:38:50 PM
News
Sep 13, 2016 Osceola Gold Publishes Footage of Osceola Mining Operations in Action Press Release
Sep 6, 2016 Osceola Gold Announces Official Launch of MAV-G Mining Operations in the Osceola Mining District, White Pine County Nevada Press Release
Jul 27, 2016 Osceola Gold Announces Delivery of 40 Ft. Semi With Tanker Trailer Press Release
Jul 25, 2016 Osceola Gold Reports Continued Groundwork Advancements Press Release
Jul 15, 2016 Osceola Gold Set to Break Ground in Osceola Mining District, White Pine County Nevada, on July 21st 2016 Press Release
Jun 29, 2016 Osceola Gold Retains Geologist David Bending to Certify Mav G Values and File 43-101 as Property Is Set up to Initiate Processing Press Release
Jun 21, 2016 Osceola Gold Mobilizes to Launch Mining Operations in the Osceola Mining District Upon Receiving Authorization From the Nevada Division of Environmental Protection Press Release
Jun 16, 2016 Osceola Gold Inc. Concludes Quantum GeoScan Press Release
May 25, 2016 Osceola Gold Inc. Engages GeoScan Inc. to Mobilize Phase 1 Utilizing Revolutionary Satellite Technology to Determine Mineral Rich Territories Press Release
May 10, 2016 Osceola Gold Begins Deploying Capital Press Release
http://www.otcmarkets.com/stock/PYHH/news
Photos and Video Gold Production
http://www.osceolagoldinc.com/photos.html
Osceola Gold INC The MARY ANN CANYON Project
The Osceola Mining District is one of the oldest and most proven gold and precious metal mining locations in the State of Nevada. Mining operations in the Osceola District, White Pine County Nevada started in the 1870’s and continues to this day. Major efforts occurred in the late 1800’s, 1930’s and 1970’s with both lode and placer mining removing considerable amounts of gold. The dollar investment for the mining operation had tremendous returns. Studies conducted throughout these periods indicate economically viable amounts of gold in both the bedrock and particularly in the placer deposits remain. Mining started in 1872 and continued until 1901 and then resumed in 1904 and ran continuously up until the 1930s. In this time span $5 million in gold was extracted, equivalent to $425 million today. From 1962 through 1991, the mine gold returns were averaging $50,000 per day.
The mining operation for gold deposits consists of thirteen claims totaling 985 acres, the Solomon 1, 2, 3, 4, 6 & 7 claims and the Mav 5-A, 5-B, 5-C, 5-D, 5-E, 5-F & 5-G claims. These claims are located in the middle of the Mary Ann Canyon Alluvial Fan in the Osceola Mining District.. To date 17% of the mine has been developed and has had significant gold returns. Further, all Department of Interior, Bureau of Land Management, federal and state guidelines and requirements have been satisfied, along with the required Nevada Department of Environmental Protection state reclamation bond and Bureau of Land Management bond.
The Mav 5 claims are subdivisions of the former Solomon 5 claim. The claims are placer alluvial precious metal deposits, which are gold deposits made by mountain water run-off forming a large alluvial fan. The depth of the gold deposits is up to 425 feet; the geologic report show extremely high concentration of gold deposits with the increases with depth. Additionally the Osceola Gold Company has ample water rights to operate large scale mining claims. Water is pulled via a 25 hp water pump from a local fresh water holding pond that is fed from a 200 foot well and the recirculated water from the plant. The mine has 3000 acre-feet of water rights on the claims which is enough water to process up to 10,000 yards of precious metal producing ore per day. Electricity is supplied by a Wheeler Power Plant that is wired for 440 three phase.
The Skookum Geologic Report examined historical records and included thousands of samples from different depths in the claims. At the time of the report, gold was trading at $1,000 per ounce. All values in the Geologic Report are based on $1,000 per ounce gold. The report indicates an average value of $117 per cubic yard with increasing gold concentrations with depth. Further, the report concludes that this estimate is highly conservative.
The Geologic Report estimates the value of the gold reserves of the Mav claims to be from $300 million to $500 million.
Plan of Operation
With the current equipment, Osceola Gold Inc can process up to 6,000 cubic yards a day of gold producing deposits, which at avg. return of $40- $55 per cubic yard.
The mining operation consists of thirteen claims totaling approximately 980 acres. The Claims are placer alluvial deposits which are deposits made by mountain water run-off from the Snake Mountain Range through the Mary Ann Canyon. The Geologist Report, from 2010, indicates an average value of $117 per cubic yard, at a gold price of $1,000 which would equate to over $175 per cubic yard at today’s prices of $1,200 per ounce. The report indicated increasing gold concentrations at greater depths.
http://www.osceolagoldinc.com/projects.html
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