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Osprey Gold Development Ltd.

opaxe

Summary

Project:

Goldenville

Deposit:Goldenville
Location:Canada
Commodities:Gold
Date:11/6/2017
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:6-11-2017: Osprey Gold Development Ltd. announces an Exploration/Drilling Update report for its Goldenville deposit at the Goldenville project. Drilling results incl. 16.6m @ 0.84g/t Au from 9m. Vancouver, British Columbia--(Newsfile Corp. - November 6, 2
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. - November 6, 2017) - OSPREYGOLD DEVELOPMENT LTD. (TSXV: OS) (the "Company" or "Osprey") is pleased to announce assay results from the first 7 holes of its 18 hole, 3,044 metre ("m") drill program at the Company's Goldenville Property ("Goldenville"), located inGuysborough County, Nova Scotia. Notable initial assay results include hole G17-04 which returned multiple intervals with elevated gold values, including a near surface intercept of 16.14 grams per tonne ("g/t") gold over 0.60 m within a broader zone of 10.0 m of 1.11 g/t gold starting at 10m downhole, and hole G17-01 which returned 1.25 g/t gold over 7.10 m starting at a downhole depth of 61.60 m. Hole GT17-05 returned 9.65 g/t gold over 1.10 m starting at a downhole depth of 49.4 m. Initial results from the first holes submitted and assayed are available below in Table 1, with collar location data in Table 2. In addition, a map of drilling on the property can be seen below in Figure 1, and at the Company's website (www.ospreygold.com). Company President Cooper Quinn said, "We are pleased to have encountered significant gold mineralization consistent with our existing resource in our first few drill holes at Goldenville.

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