Osceola Gold Updates Projections on Gold Reserves to an Estimated $4 Billion

Rhea-AI Summary

Osceola Gold has announced a significant update on its gold reserves, estimating them at approximately $4 billion. This projection positions the company to potentially become one of the largest junior mining firms in the U.S. It aims to achieve faster shareholder satisfaction through its new growth trajectory.

Additionally, a partnership with Savona Mining Equipment will allow the company to triple its production capacity, further enhancing its operational efficiency. The press release emphasizes the strategic potential of these developments for stakeholders.

Positive

• Reserve estimates increased to approximately $4 billion, enhancing company valuation.
• Partnership with Savona Mining Equipment expected to triple production capacity, improving operational output.

Negative

• None.

WEIRTON, WV / ACCESSWIRE / November 22, 2021 / Osceola Gold, a precious metal mining company which focuses on the development and exploration of gold and other precious metal mining projects has updated their reserve estimates to in the range of $4 billion.

These new projections put the company on track to become one of the largest junior mining companies in recent US history.

CEO Thomas More stated: "Our organization could not be happier with these new projections. This should enable us to fulfill our corporate goals, fulfilling shareholder expectation quicker than originally anticipated."

The companies Savona mining equipment partnership to lease top of the line machinery which will now help company triple its production. This combined with the new output and reserves estimate should drastically out produce the company's original expectations.

To learn more about the reserves update please visit https://www.oscigold.com/gold-reserves.

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.

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.

SOURCE: Osceola Gold Inc.

View source version on accesswire.com:
https://www.accesswire.com/674020/Osceola-Gold-Updates-Projections-on-Gold-Reserves-to-an-Estimated-4-Billion

FAQ

What are Osceola Gold's new reserve estimates as of November 2021?

Osceola Gold's updated reserve estimates are approximately $4 billion.

How will the partnership with Savona Mining Equipment impact Osceola Gold's production?

The partnership is expected to triple Osceola Gold's production capacity.

What is the significance of Osceola Gold's reserve update for shareholders?

The reserve update indicates a stronger financial outlook and quicker fulfillment of shareholder expectations.

Where is Osceola Gold's mining project located?

Osceola Gold develops its projects in the Osceola Mining district near Mary Ann Canyon, Nevada.

What does the recent press release suggest about Osceola Gold's market position?

The new reserve estimates suggest that Osceola Gold may become one of the largest junior mining companies in recent U.S. history.