Osceola Gold Fulfills Government Regulatory Obligation and Prepares for Delivery of State of the Art Processing Equipment
(firmenpresse) - STEUBENVILLE, OH -- (Marketwired) -- 09/29/15 -- Osceola Gold Inc. (OTC PINK: PYHH) is pleased to announce that the Company has successfully solidified all government regulations for its MAV 5-G mining operation, and reports that Osceola Gold Inc.'s cutting edge specifically produced processing equipment is now approximately 95% completed.
The Company's state of the art processing equipment has been exclusively designed and assembled by RMS Ross. The robust processing equipment, appropriately titled the deRocker, is being constructed specifically for the distinct demands of the Osceola gold claims. The equipment is capable in that environment of processing in the range of 500 tons per hour.
Osceola Gold anticipates delivery of the new equipment within the next 3-4 weeks. The Company is set to initiate processing immediately upon delivery.
"We are very pleased to have achieved these milestones. We expect that this processing equipment is going to have a huge impact on operations. We have tested thousands of yards of the terrain to successfully develop a highly efficient and productive design for this plant. We anticipate that this dynamic system will maximize our proficiency, and enhance the Operation's bottom line," stated Christopher Tarquinio, Chief Executive Officer, Osceola Gold, Inc.
The Company recently announced that the required reclamation bond to the (BLM) of $476,500 had been paid for the right to proceed with operations and begin processing. Osceola has also completed all requirements necessary to be in full compliance with the Nevada (NDEP).
Geological reports prepared by Skookum Geological places the value of Mav G at $300-500 million. Historical reports have an average value to a FALSE bedrock at $132.00 per cubic yard.
The Company has applied for a corporate name and symbol change. As Finra concludes due process yielding a final approval, the new name and symbol are expected to go immediately into effect.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, 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, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements 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.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 29.09.2015 - 14:11 Uhr
Sprache: Deutsch
News-ID 423381
Anzahl Zeichen: 0
contact information:
Town:
STEUBENVILLE, OH
Kategorie:
Commercial & Investment Banking
Diese Pressemitteilung wurde bisher 261 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Osceola Gold Fulfills Government Regulatory Obligation and Prepares for Delivery of State of the Art Processing Equipment"
steht unter der journalistisch-redaktionellen Verantwortung von
Osceola Gold Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
