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Osceola Gold Inc (OSCI) is a prominent player in the mining industry focused on achieving operational excellence and profitability. The company recently secured $2 million in non-dilutive private placement funding, accelerating production and ensuring profitability. With the funding, Osceola Gold has initiated full operations with a dedicated staff of 10 workers operating 10-hour days, projecting a production rate of 100-125 tons per hour. The company's commitment to excellence is evident in its performance metrics, aiming to yield 20-30 ounces of gold per day. Osceola Gold is on track to achieve Pink Current status with OTC markets, showcasing transparency and compliance. The company's strategic partnerships and dedication to efficiency position it as a promising entity in the mining industry.
Osceola Gold Inc (OTC PINK:OSCI) has announced the completion of its financial reports through Q3 2024 and plans to resume mining operations in Q1 2025. The company has filed updated reports including an Attorney Letter with Respect to Current Information, available on OTC Markets, and commits to timely filing its annual report due March 31, 2025.
The company has secured a multi-year agreement for mining operations in Mary Ann Canyon. Based on a recently completed NI43101 Technical Report, OSCI targets initial production of 5-10 ounces of gold per day during ramp-up to full production. Interim CEO Tracy Pizzoferrato expressed optimism about the financial outlook, citing near all-time high gold prices. The company's M&A team is reportedly in final due diligence stages for two additional properties.
Osceola Gold Inc. (OTC PINK:OSCI) has signed a 5-year consulting agreement with the owner of mining claims in the Osceola Mining District, Nevada. The agreement involves Osceola Gold consulting on mining operations in Mary Ann Canyon, receiving a 30% split of revenue generated from mining activities. Key highlights include:
1. Operations set to begin in the new year, focusing on site preparation and equipment mobilization.
2. The revenue-sharing agreement is expected to enhance Osceola Gold's financial performance.
3. Osceola Gold will deploy experienced mining professionals to optimize gold extraction efficiency.
CEO Tracy Pizzoferrato stated that this agreement marks a significant milestone for the company's expansion in Nevada. Osceola Gold plans to publish a recently completed NI-43-101 Technical Report and continues its search for a CEO to lead long-term growth.
Osceola Gold is exploring a new potential acquisition and undergoing pivotal corporate changes due to a change in ownership of the Osceola Gold mine. The company is in talks regarding the upcoming acquisition, restructuring its framework, and capitalizing on the surge in gold prices to develop a new consulting business model. However, a roadblock emerged as the new owners did not accept the lease agreement.
Osceola Gold (OTC PINK:OSCI) has announced that it has achieved full operational status in its mining projects. The company has completed on-site preparations and initial testing at the Mav G and Solomon #6 sites, which have started production. New equipment, including a Volvo A25E Haul Truck and Caterpillar 966F Loader, is being delivered to enhance production capabilities. The projected production schedule aims to yield 150 tons of material per hour, with expectations of 2.41 ounces of gold per hour based on current operations. Shareholders can expect video updates of the operations.
Osceola Gold is transitioning into the next phase of operations starting May 2, 2022, following the near completion of the first phase. The management team will be on-site on May 4 to finalize logistics, including geologist walk-throughs and equipment maintenance. Despite environmental challenges causing delays in April, production targets remain on schedule, with results expected in June projecting over a gram per ton. The company focuses on gold mining in Nevada's prolific Osceola Mining District.