Osceola Gold, Inc. Mobilizes for Production Under New Operational Structure
Rhea-AI Summary
Osceola Gold, Inc. (OSCI) has announced its intent to reinitiate testing in mineral-rich segments of its property. The new management team, led by CEO Tom More, is focusing on retesting areas previously yielding 0.5 to 1 gram of ore per ton. Plans include acquiring advanced excavation equipment to prepare for production. Financial updates are expected within weeks. The company holds significant mining rights in the Osceola Mining District, known for its productive gold deposits.
AI-generated analysis. Not financial advice.
Positive
- New management team formed, indicating a fresh strategic direction.
- Plans to retest areas with previous ore yields of 0.5 to 1 gram per ton.
- Acquisition of advanced excavation equipment to enhance production capabilities.
Negative
- None.
News Market Reaction – OSCI
On the day this news was published, OSCI declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Going Back to Basics, Management Prepares to Reinitiate Testing in Mineral Rich Segments of the Property.
STEUBENVILLE, OH / ACCESSWIRE / May 25, 2021 / Osceola Gold, Inc., "OSCI", (OTCPINK:OSCI), is pleased to announce that the new team has been formed, and Management expects to commence with the retesting of areas on the property that had been producing Ore in the range of ½ to 1 gram per ton.
Following the addition of new Chief Executive Officer, Tom More, a new foreman has been appointed, in addition to Company's new operational management team.
"The next step is bringing in more advanced excavation equipment and setting up for the launch of Operations. "We have a great team with great work ethic, I am confident we will be going into production and bringing up gold soon." Stated Tom More, Chief executive officer.
The company is in the process of updating its financials. Management expects them to be complete, submitted, and posted within the next couple weeks.
About Osceola Gold, Inc.
Osceola Gold Inc has rights to mining claims in the Osceola Mining district in Mary Ann Canyon, which is situated about 30 miles north of Ely, Nevada. This area is one of the most prolific gold areas in the State of Nevada. The largest Nugget in Nevada was found in Mary Ann Canyon and the Osceola Mining District. Although mining is not as popular as it once was, there is still large amounts of commodities in the ground to extract. Osceola Gold Inc. has had geological tests and several different studies done, which has helped them locate gold deposits which has enabled them to concentrate on areas that have rich soil to process and mine for successful outcomes.
Forward-Looking Statement
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, 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, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements, as described in our reports filed with the Securities and Exchange Commission which are available for review at www.sec.gov, 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:
Tom More
Osceolagoldinc@gmail.com
SOURCE: Osceola Gold, Inc.
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