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Disclaimer

General Disclaimer

Osprey Gold Development Ltd. (“Osprey Gold” or “The Company”) has taken all reasonable care in producing and publishing information contained on this website, and will endeavor to do so regularly. Material on this site may still contain technical or other inaccuracies, omissions, or typographical errors, for which Osprey Gold assumes no responsibility. Osprey Gold does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances, including, but not limited to, negligence, shall Osprey Gold be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer or other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material on this site. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, visitors not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express permission.

The Stock Exchange has not reviewed the information on this website and does not accept responsibility for the adequacy or accuracy of it.

Forward-Looking Statements

This website contains forward-looking statements, including but not limited to comments regarding future resource expansion, drill prospects and targets, strategies, plans, forecasts, financial conditions, predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Statements can be identified by the use of forward-looking terminology (e.g., “expect”, “estimates”, “intends”, “anticipates”, “believes”, “plans”, “seeks”, “hopes”). Readers are cautioned not to place undue reliance on these forward-looking statements as actual results may differ materially from those currently anticipated in such statements. Gonzaga disclaims any obligation to subsequently revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. This website and the information contained herein do not constitute an offer or a solicitation of an offer for sale of any securities.

Third Party Links

Osprey Gold may link from this website to several other websites which are arms-length to the Company. The viewer should be aware that in linking to these outside websites, he or she is leaving the Osprey Gold website and that Osprey Gold is not responsible for the content of any other site.

“Qualified Person”

Technical aspects of this website have been reviewed and approved by the Qualified Person, Brandon Macdonald P.Geo., hereby designated as a QP under National Instrument 43-101.

“Qualified Persons” for the March 15, 2017 NI 43-101 

Dave Thomas, M.Sc., P.Geo. and Neil Pettigrew, M.Sc. P.Geo, are both a ‘Qualified Person’ for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian securities administrators (“NI 43-101”). They have both approved the disclosure of, and are the ‘Qualified Person’ responsible for the scientific and technical information in this news release, inclusive of the resource estimate information. They have verified the data disclosed.

A technical report, which will include this resource estimate, will be posted on the Company’s website at www.ospreygold.com and filed on SEDAR at www.sedar.com within 45 days.

Footnotes to mineral resource statement:

  • Mineral resources are not mineral reserves and do not have demonstrated economic viability. No mineral reserves have as yet been defined.Inferred mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be considered for estimation of mineral reserves, and there is no certainty that the inferred mineral resources will be realized.
  • Fladgate undertook data verification, and reviewed historical quality assurance and quality control programs on the mineral resources data. Fladgate concluded that the collar, survey, assay, and lithology data were adequate to support mineral resources estimation.
  • A dry bulk density value of 2.67 g/cm3 for all material was assigned from similar Meguma‐type gold mineralization with similar rock types in Nova Scotia.
  • Fladgate assumed a metallurgical recovery of 90% based on a qualitative assessment of the gold mineralogy and grain size.
  • Near surface mineral resources are constrained within an open pit shell optimized with an L‐G algorithm. A process and G&A cost of $25 and a mining cost of $3.00/tonne have been used.
  • Underground resources have been constrained within a grade shell using a 2.0 g/t threshold, assuming a mining cost of $50/tonne in addition to the operating costs. Isolated blocks were removed from the grade shell. The mineral resources have been depleted using solids representing underground development and areas of stoping for post 1920’s historical mining for which technical drawings are available, however no records are available for the abundant, pre 1920’s mining development, which is known to have occurred throughout the property.
  • Blocks were classified as inferred in accordance with CIM Definition Standards.
  • The contained metal figures shown are in situ. The resource estimation methodology incorporates a significant amount of external and internal dilution due to the use of 2 meter composites, probabilistic domaining and the grade smoothing introduced by ordinary kriging with a variogram which has a short range of influence.
  • No assurance can be given that the estimated quantities will be produced. All figures have been rounded to reflect accuracy and to comply with securities regulatory requirements. Summations within the tables may not agree due to rounding.

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