Otis Gold Hosts Investor Webcast

Otis Gold Hosts Investor Webcast

Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is hosting an investor webcast which will be held on Wednesday, October 23, 2019 at 12 pm PST (3 pm EST). This live webcast event will feature Craig Lindsay, President & CEO and Alan Roberts, VP Exploration where they will give an overview of Otis Gold and its ongoing exploration efforts at Kilgore. They will also review the recent PEA and discuss plans for the Oakley project with a Q&A session to follow. Interested parties that wish to attend the webcast can click here to register.

Read More

Otis Initiates Drilling at Kilgore

Otis Initiates Drilling at Kilgore

Otis Gold Corp. (“Otis” or the “Company”) (TSX-V:OOO) (OTC: OGLDF) is pleased to announce that it has commenced drilling operations at its flagship Kilgore Project, Clark County, Idaho. The drill program, which will comprise up to 14 holes averaging approximately 230 metres in length, is designed to step-off open-ended mineralization at the margins of the Kilgore Deposit. This first phase of drilling is part of a larger 25,000 metre program planned for Kilgore, and is expected to take approximately 45 days to complete. Results will be released when available. Please visit our website to view the 2019 drill plan map and pictures from the drill program.

Read More

Otis Announces Kilgore Drill Program

Otis Announces Kilgore Drill Program

Otis Gold Corp. is pleased to announce the initiation of a planned 3,250 metre reverse circulation (“RC”) drill program at its flagship Kilgore Project, Clark County, Idaho.

Read More

Otis Closes Oversubscribed Private Placement of $1.3 Million

Otis Closes Oversubscribed Private Placement of $1.3 Million

Otis Gold Corp is pleased to announce the closing of its previously announced non- brokered private placement (see news release dated Aug. 23, 2019). Due to increased investor interest, the financing was oversubscribed and closed on 13,263,500 units at a price of 10 cents per unit for aggregate proceeds of $1,326,350.

Read More

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.

Read More

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.

Read More

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. 

Read More

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.

Read More

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,

Read More

 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.

Read More