STEUBENVILLE, OH--(NewMediaWire - Feb 2, 2017) - Osceola Gold,
Inc. (OTC PINK: PYHH) is pleased to announce that having taken
delivery of the remainder of its heavy equipment, having updated
all permits for authorized operations, and, in spite of winter
conditions, Osceola Gold, Inc. has conducted a successful soft
launch of operations. Please see the Company's updated website
for more information and images of the progress of the soft
launch.
In temperatures of negative 19 Fahrenheit, Management and crew
geared up for the initiation of mining operations early Monday
morning. The strategy upon initiation is the production up to 40
tons an hour, weather permitting. "We are very proud of our team.
Their fortitude shows me that we have the right people for the job.
This is only the beginning. We can't wait to be able to start
reporting regular results. As we forge ahead, we intend to keep our
investors fully updated as we begin to yield results," stated
Christopher Tarquinio, Chief Executive Officer, Osceola Gold,
Inc.
Following this soft launch, there will be an official Grand
Opening scheduled for February 16.
The Company recently announced that testing had concluded at the
mine with the evaluation of 22 test holes spanning the 20-acre
claim, including the famous Hogum Tunnel which historically,
between the years of 1910 and 1940, had produced 5 million dollars
in gold, a weight equivalent to 400 million at today's prices.
Osceola Gold also announced that the Company had successfully
completed its advanced satellite subsurface GeoScan evaluation with
results that revealed gold saturation in both target areas
tested.
Mining in the Osceola District, White Pine County Nevada, was
launched in the 1870s 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 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.
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of which are beyond our control, which may cause actual results,
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