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Osprey Gold Development Ltd.
Summary
| Project: | Goldenville | |
|---|---|---|
| Deposit: | Goldenville | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/21/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-2-2018: Osprey Gold Development Ltd. announces an Exploration/Drilling Update report for its Goldenville deposit at the Goldenville project. Drilling results incl. 0.7m @ 98.29g/t Au from 267.5m. Vancouver, British Columbia- (Newsfile Corp. - February | |
| Resources: | (Resource, Inf.): 2.8Mt @ 3.20g/t Au for 288Koz Au contained at project | |
| CP/QP: | [Overall Report]: Perry MacKinnon (Internal) | |
| ABSTRACT: | Vancouver, British Columbia- (Newsfile Corp. - February 21, 2018) - OspreyGold Development Ltd. (TSXV: OS) (OTCQB: OSSPF) (the "Company" or "Osprey") is pleased to announce additional assay results from its 18 hole, 3,044 metre ("m") drill program at the Company's Goldenville Property ("Goldenville"), located inGuysborough County, Nova Scotia. This release includes results for holes G17-08 to G17-15 drilled on the mainGoldenville trend, in the immediate vicinity of the Company's current NI 43-101 Inferred Resource of 2,800,000 tonnes at 3.20 g/t gold for 288,000 ounces of gold (2,800,000 tonnes at 4.96 g/t gold for 447,000 ounces of gold uncapped). Holes G17-1 to G17-7 were previously reported by way of news release dated November 6, 2017. Three holes drilled at Mitchell Lake are still pending and will be reported shortly. Company President Cooper Quinn said, "We're very happy with the results of this program. These results support the potential to expand our current resource at Goldenville. The drill program also tested for broader zones of mineralization outside of the veinhosted gold; this was successful in the southern limb of the Goldenville anticline in hole G17-14 which contained multiple intercepts of lower grade mineralization within the host rock. In the northern limb, results in the Bluenose Mine shaft area are very encouraging, returning the highest grades Osprey has drilled to date as well as broad zones of mineralized host rock and quartz veining, highlighted in hole G17-15 drilled over 300 m along strike to the east from G17-14." | |
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