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Osceola Gold Inc. Inks Strategic Multi-Year Agreement to Expand Mining Operations in Mary Ann Canyon, Nevada
Osceola Gold Inc. Inks Strategic Multi-Year Agreement to Expand Mining Operations in Mary Ann Canyon, Nevada.
About this update from Osceola Gold, Inc.
[{"type":"text","content":"ELY, NV / ACCESSWIRE / October 10, 2024 / Osceola Gold Inc. (OTC PINK:OSCI), a leading gold mining and exploration company, is thrilled to announce the signing of a pivotal 5-year consulting agreement with the owner of mining claims in the Osceola Mining District located in White Pine County, Nevada. This agreement is set to significantly bolster Osceola Gold's revenue stream.Agreement Details:Under the terms of the agreement, Osceola Gold Inc. will consult on mining operations on the expansive property, leveraging its expertise and advanced mining experience. In return, Osceola Gold will receive a 30% split of the revenue generated from the mining activities.Key Highlights:1. Commencement of Operations: Preparations are underway to ensure a seamless and efficient start in the new year, with the initial phase focusing on site preparation and equipment mobilization.2. Revenue Sharing: The 30% revenue split is anticipated to significantly enhance Osceola Gold's financial performance, contributing to steady revenue growth and improved profit margins over the duration of the agreement. The term of the agreement is 5 years with automatic renewals for additional 5-year increments.3. Operational Expertise: Osceola Gold will deploy its team of experienced mining professionals to maximize the gold extraction from the Mary Ann Canyon claims. This strategic deployment aims to optimize operational efficiency and yield.Executive Commentary:Tracy Pizzoferrato, CEO of Osceola Gold Inc., commented, "This agreement marks a significant milestone for Osceola Gold as we continue to expand our mining operations in Nevada. The Mary Ann Canyon project represents a substantial opportunity for us to increase our revenue stream. We are excited to bring our expertise to this promising site and look forward to a successful and productive relationship. In the coming months, we will expect to publish the recently completed NI-43-101 Technical Report."Future Outlook:Osceola Gold Inc. is committed to furthering its growth through strategic partnerships and innovative mining solutions. The company continues to explore new opportunities to expand its portfolio and enhance shareholder value. We also continue our search for a CEO to lead the long-term growth of Osceola Gold.About Osceola Gold Inc.:Osceola Gold Inc. (OTC: OSCI) is a publicly traded gold m...