Otis Gold Corp is pleased to announce that further to its news release dated July 30, 2019, the Company has filed on SEDAR a National Instrument (“NI”) 43-101 Preliminary Economic Assessment (or “PEA”) for the Kilgore volcanic- and sediment-hosted epithermal gold deposit, Clark County, Idaho.Read More
Otis is pleased to announce a non-brokered private placement financing of up to 10,000,000 units at a price of $0.10 per unit, for aggregate gross proceeds of up to $1,000,000. Each unit will consist of one common share and one-half of a common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of $.15 per common share for a period of 30 months from the closing date of the financing. All funds are in Canadian dollars. Members of the Company’s board of directors and management team may be participating in this offering.Read More
Otis Gold Corp. is pleased to announce the completion of its maiden Preliminary Economic Assessment (or “PEA”) at the Kilgore volcanic- and sediment-hosted epithermal gold deposit, Clark County, Idaho. The PEA utilizes the resource estimate completed in August, 2018 (see Otis news release dated September 28, 2018), and provides a robust economic scenario upon which to expand the potential scope and scale of the project with ongoing drilling. The PEA supports the potential for a low capital intensity, low operating cost, open-pit, heap-leach operation producing 112,500 ounces of gold per year over a 4.9 year mine life and generating highly attractive economics.Read More
The following selected financial data is derived from our unaudited condensed interim financialstatements and related notes thereto (the “Interim Financial Statements”) for the nine months ended March 31, 2019 as prepared in accordance with International Financial ReportingStandards (“IFRS”). The amounts reported herein are in Canadian dollars.Read More
FInal gold grades from column leach tests on crushed core show a 59% increase in gold grade. The results continue to demonstrate very favourable metallurgy at Kilgore, and the increase in recovered gold grade confirm that gold grades in the existing resource are potentially under- reported.Read More
Otis Gold Corp. is pleased to provide the following corporate update. This past year was eventful, and included a number of significant achievements at both our Kilgore and Oakley projects as well as at the corporate level. These milestones have laid the foundation for what we expect to be an active and successful year for the Company in 2019.Read More
Otis Gold is pleased to announce that it has raised a total of $502,500 through the sale of its remaining 750,000 common shares of Revival Gold Inc.
The sale of these shares provides non-dilutive capital to fund the ongoing development of the Kilgore and Oakley Projects and for general working capital purposes.
Otis Gold Corp. is pleased to announce additional results from its recently completed 2018 exploration program at the Oakley Project (or “Oakley”), Cassia County, Idaho. Surface geochemical studies consisting of rock outcrop mapping, rock-chip sampling, and soil surveys, have identified several areas of mineralized outcrop and soils with significant gold and silver results at both the Blue Hill Creek and Emery Creek targets. Assay results from rock chip samples include gold values up to 1.75 g/t gold (or “Au”) and silver values up to 105.0 g/t silver (or “Ag”). Blue Hill Creek contains an existing Inferred Resource of 163,000 ounces gold in 9.97 million tonnes at a grade of 0.51 g/t Au (see Otis Technical Report dated August 8, 2016); Emery Creek is an early stage exploration target.Read More
Surface geochemical studies consisting of rock outcrop mapping and sampling, and a 200 metre (“m”) by 50m soil sample grid, has revealed a 3.5 km long by 0.5 km wide trend of anomalous gold and silver values.Read More
Otis is pleased to announce that it has raised a total of approximately $1,320,000 through the sale of 2,000,000 common shares of Revival Gold Inc. (“Revival”). A total of 1,771,000 shares were sold in a private transaction and the remainder were sold through the TSX-Venture Exchange. The sale of these shares provides non-dilutive capital to fund the ongoing development of both the Kilgore and Oakley Projects and for general working capital purposes. The Company’s remaining shareholding in Revival, totaling approximately 750,000 shares, will be held for investment purposes. The shares in Revival were received in June 2017 as partial compensation for the sale of two non-core claim blocks known as the Hai and Gold Bug Projects,Read More