SOURCE: Osceola Gold, Inc.

Osceola Gold, Inc.

July 27, 2016 09:15 ET

Osceola Gold Announces Delivery of 40 Ft. Semi With Tanker Trailer

Winding Up MAV-G Mining Preparations, Heavy Equipment Continues to Arrive on Site

STEUBENVILLE, OH--(Marketwired - Jul 27, 2016) - Osceola (OTC PINK: PYHH) is pleased to announce that the Company's essential heavy equipment continues to arrive, fortifying the operation, in preparation for full-scale launch. The latest arrival is the Mine's Water Truck; a 2007 Semi equipped with a 2011 tanker trailer, built to hold a capacity of 5500 gallons of water.

"We are very pleased with the equipment that has come in thus far. The level of excitement is really ramping up. We will keep shareholders updated as advancements continue," stated Christopher Tarquinio, Chief Executive Officer, Osceola Gold, Inc. The excavator and rock truck are expected to arrive on-site later this week, and production is expected to commence thereafter.

The Company recently announced the arrival of its WA500 Wheel Loader and Neff Bowls, and that Management had completed the set-up of the Sluice Boxes. The Gold Wash Plant, housing, and kitchen have been brought in and established to functionality, and the safety office is complete.

Osceola Gold has 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 1800s, 1930s and 1970s 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/

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.

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise. 

Contact Information

  • For Investor Relations Contact:
    Osceola Gold Inc.
    740- 275-4227
    Osceolagoldinc.com

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