Otis Gold Announces Positive Kilgore Preliminary Economic Assessment

 Otis Gold Announces Positive Kilgore Preliminary Economic Assessment

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.

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Otis Reports Q3 Financial and Operating Results

Otis Reports Q3 Financial and Operating Results

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.

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Otis Reports Favourable Metallurgical Results from Kilgore

Otis Reports Favourable Metallurgical Results from Kilgore

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.

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Otis Lays Foundation For Exciting 2019

Otis Lays Foundation For Exciting 2019

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.

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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 Provides Additional Oakley Project Exploration Results

Otis Provides Additional Oakley Project Exploration Results

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. 

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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 Files Kilgore NI 43-101 Technical Report

Otis Files Kilgore NI 43-101 Technical Report

“The technical report supports the disclosure made by the Company in its news release dated August 14, 2018, titled, "Otis Increases Kilgore Indicated Gold Resource by 59%."

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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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