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 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.
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
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
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.Read More
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,Read More
Otis Gold Corp. is pleased to announce the addition and further definition of emerging gold targets at its Kilgore Project in Clark County, Idaho. These targets were generated as a result of surface geochemical sampling and ground geophysical surveys conducted in the 2016 and 2017 exploration seasons. The geochemical program consisted of sampling and assay of soils, silts and rocks; the geophysical program consisted of property-wide ground magnetic surveys. These activities were complemented by historical Induced Polarization and CSAMT surveys.Read More