STEUBENVILLE, OH--(NewMediaWire - 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.
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