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 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 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 Gold CEO Craig Lindsay talks about the Kilgore Project in Idaho & Upcoming 2018 Catalysts

Otis Gold CEO Craig Lindsay talks about the Kilgore Project in Idaho & Upcoming 2018 Catalysts

"I really believe that Otis is at a point where, if investors and potential shareholders aren't aware, it's the perfect time. You currently have a market cap of about $30 million, and I want to get into the flagship, which is the 100%-owned Kilgore Project, but before we do that, I'd love to touch a little bit on your background and how you got involved with Otis.

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Otis Provides Kilgore Permitting Update

Otis Provides Kilgore Permitting Update

“The initial public comment period is an important part of the permitting process, and we are pleased the USFS is working within our planned timelines for the approval of our new Plan of Operation.  We have been operating in Idaho since 2008, and remain committed to continuing our policy of utilizing best practices in the conduct of all our exploration programs.”

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Otis Gold: The Year in Review

Otis Gold: The Year in Review

Otis Gold Corp. is pleased to provide the following review of its activities and accomplishments over the past year.  Strength in the gold price early in 2017 drove interest in the junior exploration sector and allowed Otis to fund active exploration and development programs at both its Kilgore and Oakley Gold Projects.  The close of the year saw a challenging trading environment as the price of gold weakened, with the result being a softening in gold company valuations, particularly at the junior end of the market.  That said, Otis remains very optimistic about 2018 for gold prices and company valuations and is excited about the exploration year ahead.

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Otis Drills 110.6 Metres @ 0.90 g/t Au and 65.5 Metres @ 1.21 g/t Au at Kilgore

Otis Drills 110.6 Metres @ 0.90 g/t Au and 65.5 Metres @ 1.21 g/t Au at Kilgore

Otis Gold Corp. is pleased to announce assay results from the next five holes of its recently completed 25 hole, 8,000-metre drill program at the Kilgore Project, Clark County, Idaho. Bulk-tonnage intercepts of 110.6 metres (m) grading 0.90 grams per tonne gold (g/t Au) in hole 17 OKC-361, 65.5 m grading 1.21 g/t Au in hole 17 OKC-362 and 62.5 m grading 1.11 g/t Au in hole 17-OKC 364 were achieved. Core logging of the remaining holes is nearly completed and further assays will be reported when available.

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