Osceola Gold Inc (OSCI)

[02opida]

2017-04-24 09:47 ET - News Release




STEUBENVILLE, OH / ACCESSWIRE / April 24, 2017 / Osceola Gold Inc. (OTC PINK: PYHH), a public company formed to pursue gold and precious metal mining opportunities in the Osceola Gold mining district and surrounding area, is very pleased to have concluded its latest comprehensive series of testing, enabling the team to target the more densely mineral rich segments and execute the most advantageous excavation and production strategy.

Operations encompassed the evaluation of 20 yard samples, conducted every 20 feet along the channel, yielding results on an average of 1.66 grams per yard. As testing continued, the territories with the highest mineral density were discovered to be located along the alluvial fan, wherein the gold recovered elevated into the range of 2.1 grams per yard.

Operations launched with receipt of the letter authorizing Osceola to proceed from the Bureau of Land Management. Thereafter, MSHA conducted inspection, by which the Mav-G claim was approved with no violations. The team incorporated a new mineral 42in duplex jig and action mining table to catch the gold being washed. Under the direction of Operation manager, Lee DeCesare, 5 additional bulk samples were run along the second channel that course through the Mav g property.

"We are very pleased to be ahead of schedule as a result of our winter launch. Under our current operational structure, processing is limited to 25-30 yards per hour. Zoning in on the yield potential, we have set a target to have larger equipment ready for full-scale processing by end of this quarter. In doing so, we have strategized to bolster our operational results to 100 yards an hour," stated Christopher Tarquinio, Chief Executive Officer, Osceola Gold Inc.

On the publicly trading front, Osceola Gold has submitted all forms to FINRA for the purpose of officially undergoing a name and symbol change, to more accurately reflect the Company's business model. Shareholders will be updated upon approval.

Please visit our newly revamped website: https://www.osceolagoldinc.com/, and follow us on Facebook and at Twitter: osceolagoldinc.

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 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