STEUBENVILLE, OH--(Marketwired - Jun 29, 2016) - Osceola (OTC PINK: PYHH) is pleased to announce that the Company, under the direction of Veteran Geologist David Bending, will be drilling 6 to 8 core drill holes for the compiling of data required to file a National Instrument 43-101 ("NI 43-101") resource report.
Mr. David Bending, well known in the industry for his robust knowledge and acquired skill, brings 25 years of exploration, mining and corporate development experience with major mining companies to the table, including a 14-year tenure with Homestake Mining Company, where he served as Exploration Manager in Latin America. He has also served as top executive, and held senior positions with a number of other exploration and mining companies. He is well versed in mining law, mining development trends and business practices throughout the Americas. His efforts have directly resulted in the identification of several mineral discoveries and transactions in Canada, the United States, Mexico, and across Latin and South America.
Mr. Bending is a Professional Geologist certified by the Association of Professional Engineers and Geoscientists of the Province of British Columbia. Mr. Bending is an honors B.Sc. Geology graduate from University of Oregon and also completed his M. Sc. at University of Toronto in Mineral Deposits Geology, Geochemistry, Geochemistry and Geophysics.
"We are extremely pleased to have David conducting this fundamental segment of our project. He is highly skilled, and well known for his level of expertise. In addition to a number of basic preparations underway, we have a crew preparing our living quarters and kitchen, equipped with a pipeline, ranging about a mile and a half in length, to furnish our water supply for our living quarters and wash plant. Everything is beginning to really come together, and we will be updating our investors as events continue to take shape," stated Chris Tarquino, Chief Executive Officer, Osceola Gold Inc.
Osceola Gold recently announced that the Company has successfully completed its advanced satellite subsurface GeoScan evaluation, with 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/
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