Wednesday, March 14, 2018 7:54:22 AM
The Osceola District has a long history of producing gold including very large nuggets. What they say on their website is correct about a lot of historical data existing on the deposit. There has been some more recent reports and drilling that are in agreement with the old reports. There isn't anything to suggest that those reports are fraudulent.
What the project needs is to have the data put in a GIS database so that modeling can be done. I suspect that more drilling will be needed to come up with a NI 43-101 compliant resource. However, I also think that the size of the resource could be a lot bigger than people suspect. The alluvial fan at Osceola is pretty substantial. What isn't known is how much of it contains gold.
Once you have a resource you could put a mine plan together (including looking into the possibility of selling by-product sand and gravel). However, what is needed at every step of the way are competent professionals who know what they are doing. I don't see that with the current bunch trying to promote the project.
At some point these guys will get tired and move on. Maybe the next owner will be more interested in making a proper go of it.
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