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 Adds New Gold Targets at Kilgore

Otis Adds New Gold Targets at Kilgore

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. 

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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 Drills 24.4 Metres @ 4.33 g/t Au and 53.3 Metres @ 1.23 g/t Au at Kilgore

Otis Drills 24.4 Metres @ 4.33 g/t Au and 53.3 Metres @ 1.23 g/t Au at Kilgore

Otis Gold Corp. is pleased to announce assay results for seven additional holes from its 25-hole, 8,000-metre, 2017 Kilgore Project drill program. Bulk-tonnage intercepts of 24.4 metres (m) grading 4.33 grams per tonne gold (g/t Au) in hole 17 OKC-37353.3 m grading 1.23 g/t Au in hole 17 OKC-375, and 100.2 m grading 0.74 g/t Au in hole 17-OKC 378have been intersected. Core logging is now complete and assays from the final nine holes outstanding will be reported when available.

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Gold Rises and Life is a Little More Interesting...

Gold Rises and Life is a Little More Interesting...

In a recent article, Mining Weekly discussed the Kilgore Project with Otis Gold Corp. President and CEO, Craig Lindsay. The online publication inquired with Otis' president about his company's future within the current difficult market environment. “We have seen some very dilutive financing structures, but not us. We have been able to build a stronger shareholder base, even adding projects during this time.” He advised that ten groups of institutional investors have bought into the company and that it has avoided dilution by not issuing any warrants.

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