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Osprey Gold Development Ltd.
Summary
| Project: | Goldenville | |
|---|---|---|
| Deposit: | Goldenville | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-3-2017: Osprey Gold Development Ltd. announces a Resource Estimation report for its Goldenville deposit at the Goldenville project. Updated Mineral Resource Estimate at Goldenville. Fladgate Exploration Consulting Corporation has been retained by Ospre | |
| Resources: | (Resource, Inf.): 2.8Mt @ 3.20g/t Au for 288Koz Au contained at project | |
| CP/QP: | [Resources]: Dave Thomas (Fladgate Exploration Consulting Corp.) | |
| ABSTRACT: | Fladgate Exploration Consulting Corporation has been retained by Osprey Gold Development Ltd. (“Osprey”, or the “Company”) to produce a 43-101 compliant Mineral Resource Update on the Goldenville Property (the “Property”) . The Property is under option to Crosby Gold Ltd. which retains the right to earn a 100% interest in the claims subject to certain royalties. On March 2nd, 2017, Osprey acquired all issued and outstanding shares of Crosby, at which time Crosby became a wholly owned subsidiary of Osprey. This resource was developed in accordance with National Instrument 43-101 and the 2014 Canadian Institute of Mining, Metallurgy and Petroleum Standards on Mineral Resources and Mineral Reserves Definition Guidelines. The Goldenville Property is located in Guysborough County, Nova Scotia, within NTS map sheet 11/E1,F4. It is centered on UTM coordinates (Zone 20N) 576766 mE and 4997314 mN and comprises three contiguous unpatented mineral claims totaling 60 units and ∼972 ha. The property is 4 km southwest of the rural town of Sherbrooke, and 200 km northeast of Halifax, which is the provincial capital. The compiled and validated historic drill results from the Goldenville Property were used to update an historic mineral resource estimation completed by Mercator Geological Services (Mercator) for Acadian Mining Corporation (Acadian) in 2005. | |
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