STEUBENVILLE, OH--(Marketwired - Feb 2, 2017) - Osceola Gold, Inc. (
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 (
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