Otis Raises $500,000 Through Sale of Non-Core Asset

Otis Raises $500,000 Through Sale of Non-Core Asset

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. 

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Otis Identifies 3.5km Gold & Silver Anomaly at Oakley Project

Otis Identifies 3.5km Gold & Silver Anomaly at Oakley Project

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.

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Otis Raises $1.3 Million Through Sale of Non-Core Asset

Otis Raises $1.3 Million Through Sale of Non-Core Asset

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,

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 Otis Provides 2018 Kilgore Exploration Update 

  Otis Provides 2018 Kilgore Exploration Update 

Approximately 1,700 soil samples are to be collected over a 200 metre (m) x 50m spaced grid. The geochemistry block will encompass areas that were covered by 2017 reconnaissance sampling and ground magnetic surveys.

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Otis Receives New 5-Year Exploration Permit at Kilgore

Otis Receives New 5-Year Exploration Permit at Kilgore

The USFS issued a Decision Notice authorizing a 5-year exploration plan which, provides significant flexibility to drill on up to 140 drill sites throughout the Kilgore Project, including step-out and infill drilling at the existing Kilgore Deposit and exploration drilling at emerging targets including Gold Ridge, Prospect Ridge and Dog Bone Ridge. The Plan of Operation was approved by the United States Forest Service after completion of an Environmental Assessment, a process which included input and feedback from the local community and others.

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Otis Increases Kilgore Indicated Gold Resource by 59% 825,000 Indicated and 136,000 Inferred Gold Ounces

Otis Increases Kilgore Indicated Gold Resource by 59% 825,000 Indicated and 136,000 Inferred Gold Ounces

Otis is pleased to announce an updated independent mineral resource estimate at its 100% owned Kilgore Project (“Kilgore”) located in Clark County, Idaho. The new resource incorporates drilling completed from 2015 through 2017 and is a strong foundation for future growth by expansion drilling, engineering and metallurgical studies. 

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Otis Enters Final Phase of Kilgore Permitting

Otis Enters Final Phase of Kilgore Permitting

Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) is pleased to report that ongoing permitting at its Kilgore Project has entered the final phase. The U.S. Forest Service (the “USFS”), as part of their ongoing agency review process, has issued a Draft Decision Notice and Finding of No Significant Impact (or “FONSI”) in connection with Otis’ proposed Plan of Operation for a significantly expanded 5-year exploration program at the Kilgore Project, Clark County, Idaho,

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Otis Intercepts 118.9 Metres @ 1.41 g/t Au and 137.2 Metres @ 0.91g/t Au at Kilgore

Otis Intercepts 118.9 Metres @ 1.41 g/t Au and 137.2 Metres @ 0.91g/t Au at Kilgore

Otis Gold Corp. is pleased to announce assay results for the final nine core holes from its 25-hole, 8,000-metre drill program at the Kilgore Project in Idaho.

 

The primary goal of the drill program was to follow-up on open-ended drilling at depth and laterally as infill on drill intercepts from 2015 and 2016, primarily in the prospective Late Cretaceous Aspen Formation (or “Aspen”) sedimentary host unit within and along the “Aspen Corridor” (see News Releases dated February 9, 2016, and January 19, 2017). Timberline Drilling of Hayden, Idaho performed all the drilling employing two Atlas Copco CS14 core rigs. 

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Otis Increases Kilgore Project Land Position by 33%

Otis Increases Kilgore Project Land Position by 33%

Otis Gold Corp. is pleased to announce that it has increased its land position at the Kilgore Project, Clark County, Idaho, by approximately 3,000 acres, or 33%. The additional land was acquired by the direct staking of 150 federal lode mining claims located immediately adjacent and contiguous to the Company’s existing Kilgore claims.

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Otis to Exhibit at AME Mineral Exploration Roundup 2018

Otis to Exhibit at AME Mineral Exploration Roundup 2018

Otis Gold Corp. will be presenting core samples from our flagship Kilgore Project at the AME Roundup 2018 in Vancouver, BC at the Vancouver Convention Centre West from January 22-25, 2018.
 

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