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Osprey Gold Development Ltd.
Summary
| Project: | Goldenville | |
|---|---|---|
| Deposit: | Mitchell Lake Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-3-2018: Osprey Gold Development Ltd. announces an Exploration/Drilling Update report for its Mitchell Lake Zone deposit at the Goldenville project. Drilling results incl. 30.5m @ 0.7g/t Au from 126.8. Vancouver, British Columbia- (Newsfile Corp. - March | |
| 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. - March 1, 2018) - OSPREYGOLD DEVELOPMENT LTD. (TSXV: OS) (OTCQB: OSSPF) (the "Company" or "Osprey") is pleased to announce assay results from three holes drilled on the western portion of the Goldenville property in the Mitchell Lake Zone. The Company's Goldenville Property ("Goldenville") is located inGuysborough County, Nova Scotia, and was the subject of the recently completed 3,044 metre ("m") diamond drill program. This release includes results for three holes totaling 435 m; all three holes hit multiple intervals of gold mineralization, characterized by both high grade quartz vein hosted gold, as well as broad lower grade gold intercepts with mineralized host rock and veinlets. Company President Cooper Quinn said, "The results from Mitchell Lake continue to show the potential for broad zones of disseminated mineralization within the host rock on the Goldenville project. The Mitchell Lake area is large, with little previous exploration work, however limited prior drilling by a former operator included 1.33 g/t Au over 20.2m in hole MIT-1. The potential for disseminated mineralization in the area has been known for some time as a report from 1898 in the Industrial Advocate indicates, 'In this vicinity are some of the largest low grade belts of [mineralization] in the district, and as this class of mining will be eventually the mainstay of the gold mining industry in this province…' | |
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