Osceola Gold Inc (OSCI)

[02opida]

2017-05-17 08:01 ET - News Release




STEUBENVILLE, OH / ACCESSWIRE / May 17, 2017 / Osceola Gold Inc. (OTC PINK: PYHH), a public company pursuing Gold and precious metal mining opportunities in the Osceola Gold mining district and surrounding area, is very pleased to announce that with production underway, the team has been successful in the processing of 60 tons of head ore which yielded 122.4 grams or 3.93 oz. of gold, coming to an average of 2.04 grams per ton.

Delighted with the results, Christopher Tarquinio, Chief Executive Officer, Osceola Gold Inc. stated: "We are over joyed with these results, but continue focused on the strengthening of our system to take on increased demands." Elaborating, Tarquinio continued: "We launched with the old trammel, and ultimately had to wash the 60 tons excavated a total of five times to capture that all the gold brought up." Immediately following, a meeting with the operations team ensued to review the results, and bring solutions to the table.

The situation has been resolved with the placement of an order for a larger 5x17 Double Deck El Jay Screen Deck which can process up to 150 tons per hour and wash them thoroughly the first time through, therefore enabling the mine to reach heightening productivity. The Screen plant is scheduled for delivery within the next couple days.

Mr. Tarquinio concluded: "Our team has torn down and finished preparations. We expect for production to be back in full swing by Friday, and continue to anticipate pleasing results upon continuation."