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Osprey Gold Development Ltd.
Summary
| Project: | Goldenville | |
|---|---|---|
| Deposit: | Mitchell Lake Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/26/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-2-2020: Osprey Gold Development Ltd. announces an Exploration/Drilling Update report for its Mitchell Lake Zone deposit at the Goldenville project. Drilling results incl. 32m @ 0.49g/t Au from 47m. Vancouver, British Columbia--(Newsfile Corp. - Februar | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Perry MacKinnon (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - February 26, 2020) - OSPREYGOLD DEVELOPMENT LTD. (TSXV: OS) (OTCQB: OSSPF) (the "Company" or "Osprey") is pleased to announce assay results from its diamond drill program at the Mitchell Lake Zone of the Company's Goldenville Property located inGuysborough County, Nova Scotia. A total of 646 metres ("m") in five holes were drilled across approximately 300 m of strike length; all five holes successfully intersected near surface zones of disseminated style gold mineralization within host rock argillites and slates. This style of mineralization is currently the focus at St. Barbara Mining Ltd.'s Moose River Consolidated mine. Company President Cooper Quinn said, "At Mitchell Lake, we were targeting this style of mineralization, so we're quite excited by these results. Following up on our results from 2017 (See News Release dated March 1, 2018), we did a UAV geophysical survey, structural interpretation, and on the ground targeting work, so it's great to see this pay off with significant gold intercepts. We're now awaiting the results from an additional five holes at Goldenville, where our initial results included the very high grade intercept in hole G19-18, which returned 269.15 g/t Au over 2.0 m. Results from the remaining holes will be reported as they become available." | |
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