Osprey Gold Development

Overview

Osprey Gold Development Ltd. (TSXV:OS, OTCQB:OSSPF) is advancing a selection of quality past-producing gold projects in the mining-friendly jurisdiction of Nova Scotia, Canada. Osprey Gold’s flagship project, Goldenville, is located in the historic Goldenville mining district— the site of Canada’s first Gold Rush and the largest historic gold-producing district in Nova Scotia.

Nova Scotia’s low geopolitical risk profile, and excellent infrastructure place it in the top 20 mining jurisdictions in the world. Although the province has a long history of high-grade production, the prospect of new district-scale discoveries exists.

The Goldenville property hosts an updated 2017 NI 43-101 Inferred Resource of more than 2.8 million tonnes at 3.20 g/t gold for a total of 288,000 ounces of gold. The deposit remains open along strike and at depth. After identifying expansion drill targets in underexplored areas, Osprey Gold commenced a 2,500-meter drill program in July 2017 with the goal of expanding the known resource.

Osprey Gold’s portfolio also includes four other key assets: Caribou, Miller Lake, Gold Lake and Lower Seal Harbour.

All of Osprey Gold’s projects are in the same geological neighborhood as the four deposits that comprise Atlantic Gold’s Moose River Consolidated (MRC) Project, an emerging producer in Nova Scotia now under construction. The MRC Project boasts proven and probable reserves of 16.45 million tonnes at a diluted grade of 1.44 g/t gold.

Osprey Gold Company Highlights

• Goldenville District, largest historic gold producer in Nova Scotia: 212,300 ounces of gold production prior to 1942.
• Goldenville project hosts NI 43-101 2017 Inferred Resource of 2.8 mill tonnes at 3.20 g/t gold for 288,000 ounces of gold (2.8 mill tonnes at 4.96 g/t gold for 447,000 ounces of gold uncapped).
• Goldenville structure remains open along strike and at depth with 2017 drill program underway to grow the resource.
• Building mineral inventory with a portfolio of projects.
• Four additional brownfield properties in the Nova Scotia portfolio.
• Raised more than $2.1 million in financing in 2017 to fund exploration.
• Experienced team of mining and finance professionals.