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Osprey Gold Development Ltd.
Summary
| Project: | Goldenville | |
|---|---|---|
| Deposit: | Goldenville | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/30/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-1-2020: Osprey Gold Development Ltd. announces an Exploration/Drilling Update report for its Goldenville deposit at the Goldenville project. Drilling results incl. 5.0m @ 107.80g/t Au from 119.5m. Vancouver, British Columbia--(Newsfile Corp. - January | |
| 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. - January 30, 2020) - OSPREYGOLD DEVELOPMENT LTD. (TSXV: OS) (OTCQB: OSSPF) (the "Company" or "Osprey") is pleased to announce assay results from the first 3 holes of its 13 hole, 2,003 metre ("m") drill program at the Company's Goldenville Property, located inGuysborough County, Nova Scotia. Company President Cooper Quinn said, "We're very pleased with these initial results from the drill program at Goldenville. Twenty-four percent of samples in holes G19-16 and G19-17 returned over 0.1 g/t Au, indicating continued potential for disseminated mineralization on the property especially in this area along the south limb of the main structure - this is the style of mineralization we were targeting with these holes. The spectacular high grade results we see in hole G19-18, near the Stuart shaft show how even near the most significant areas of mining in Nova Scotia, abundant gold remains in the near surface environment. Narrow, high grade gold mineralization is not the focus of Osprey's programs, however they remain an important part of the story in the Meguma Terrane both for the historical mining, and in a modern context. We're looking forward to additional results from holes working to expand our existing resource at Goldenville, and as well from the five holes drilled at Mitchell Lake, where we drilled disseminated gold mineralization in 2017 (See News Release dated March 1, 2018)" | |
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