STEUBENVILLE, OH--(NewMediaWire - May 10, 2016) - Osceola Gold,
Inc. (f/k/a Phyhealth Corporation) (OTC PINK: PYHH) today issued a brief shareholder
update. Following the previously announced first tranche of
received debt financing, Osceola is pleased to report the following
items have been contracted and paid for:
- Bureau of Land Management (BLM) claim fees for 2016;
BLM disturbance fees for 2016;
Reclamation fees for 2016;
Bond Renewal fees for 2016; and
The Company has commenced construction of an operations center for
use as a base for the site.
"We are quite pleased with the progress toward commencement of
mining operations," stated Christopher Tarquinio, CEO of Osceola
Gold. "We are now in a position to ship mining equipment as we
ready the site for operations. We will keep our shareholders
informed as milestones are hit."
About Osceola Gold, Inc. (f/k/a Phyhealth
Corporation)
Osceola Gold, Inc. has now emerged as a gold mining operation
focused in the famous Osceola Mining District of White Pine County,
Nevada. The Company has retained all mineral rights for all
precious metals, including gold deposits, on their leased land, an
over 20 acre expanse of gold mining claims known as Mav G.
Osceola Gold Inc. has also obtained first right of refusal for
production on the other Mav claims.
Mining in the Osceola District, White Pine County, Nevada, was
launched in the 1870s and continues to this day. Major efforts were
put forth in the late 1800s, 1930s and 1970s, with both lode and
placer mining striking success with the production of considerable
amounts of gold. Studies conducted throughout these periods
indicate economically viable amounts of gold in both the bedrock
and in particular, the placer deposits that remain. For more
information visit: http://www.nbmg.unr.edu/
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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.
