CORRECTION: Osceola Gold Updates Projections on Gold Reserves to an Estimated $4 Billion
Clarification to Highlight the Properly Defined Nature of Relationship with Savona Mining Inc.
WEIRTON, WV / ACCESSWIRE / November 24, 2021 / Osceola Gold (OTC PINK:OSCI) a precious metal mining company which focuses on the development and exploration of gold and other precious metal mining projects, recently announced that theyhad updated their reserve estimates to approximately $4 billion.
Originally the following was stated: “The companies Savona mining equipment partnership to lease top of the line machinery which will now help company triple its production.”
In the above reference to the Savona mining equipment, the word “Partnership” was meant to refer to the collaboration between companies, and was not meant to reference the nature of the relationship. To clarify, the equipment to be utilized is being purchased, therefore technically there is no structured “partnership” in place between Osceola Gold and Savona Mining.
The original announcement concluded: This update puts the company on a path to become one of the largest junior mining companies in the United States.
CEO Thomas More stated: “Our organization could not be happier with the revised projections. This should allow us to fulfill our company’s and shareholder goals quicker than we anticipated.”