Osceola Gold Advances into Full Production as Operations Gain Momentum

Rhea-AI Summary

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.

Positive

• Full operational status achieved with successful initial testing.
• New equipment delivery to enhance production efficiency.
• Projected yield of 2.41 ounces of gold per hour, boosting revenue potential.

Negative

• None.

WEIRTON, WV / ACCESSWIRE / June 8, 2022 / Osceola Gold (OTC PINK:OSCI), a precious metal mining company that focuses on the development and exploration of gold and other precious metal mining projects is fully open and has advanced into full operational status.

All necessary on-site preparation has been completed and the initial target testing is concluded. Mav G and Solomon #6 were tested and have begun producing.

The additional equipment now being delivered to enhance production includes the Volvo A25E Haul Truck, Caterpillar 966F Loader and an additional Excavator.

The crew has been strengthened with additional personnel for the rotation of multiple shifts to maximize usage of the current and additional equipment. This will allow for greater efficiency and maximized results.

The production schedule that Osceola Gold Inc. has set in place is expected to yield an estimated 150 tons of dirt per hour, which is projected to generate approximately ½ to 1 ½ grams per ton. Forecasts reveal that we are set to be yielding 2.41 ounces per hour, based on the capacity of the machinery and workforce.

In an effort to keep shareholders fully engaged, the WST TV production crew will be on site the week of June 27^th to showcase the process and demonstrate the scope of Operations. On-site video updates will be made available online from the footage for shareholders to view.

About Osceola Gold
Osceola Gold develops its projects in the State of Nevada with the corporate office in Weirton, VA. Osceola Gold 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. For more information on Osceola Gold, please visit https://www.oscigold.com.

Updates can be viewed on Twitter: https://twitter.com/osceolagold

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, as a result of new information, future events or otherwise.

SOURCE: Osceola Gold

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https://www.accesswire.com/704267/Osceola-Gold-Advances-into-Full-Production-as-Operations-Gain-Momentum

FAQ

What recent updates has Osceola Gold (OSCI) provided regarding its operations?

Osceola Gold announced that it has achieved full operational status, with successful testing at the Mav G and Solomon #6 mining sites.

What is the production capacity of Osceola Gold's mining operations?

The company aims to yield 150 tons of material per hour, which is expected to generate approximately 2.41 ounces of gold per hour.

What new equipment is Osceola Gold acquiring to enhance production?

Osceola Gold is acquiring a Volvo A25E Haul Truck, Caterpillar 966F Loader, and an additional Excavator to enhance production capacity.

When will shareholders receive updates on Osceola Gold's operations?

Shareholders can expect video updates from the WST TV production crew on-site during the week of June 27.