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

Overview: The Oakley Project

Overview: The Oakley Project

We are pleased to announce we are conducting a phase one program of regional geological mapping, surface sampling, and ground magnetic survey on the Oakley Gold project. This project consists of 142 federal lode-mining claims and several Utah State leases comprising of approximately 4,000 acres. It’s located in Cassia Country, Idaho, and 15 miles south of the town of Oakley and just north of the Utah/Nevada border. Otis has been expanding its land position, and to date, the Oakley Gold Project consists of three primary targets- Blue Hill Creek, Matrix Creek, and Cold Creek. Oakley has an NI43-101 complaint inferred resource of 163,000 ounces Au at a grade of 0.51 g/t Au. The ownership interest in the Oakley Gold Project is 100%.

Read More

Expanding Operations at Idaho Gold Mine Projects

Expanding Operations at Idaho Gold Mine Projects

Recent news releases on our company website show how we’ve been busy with important activity at two project locations. In recent weeks, we’ve expanded our land package at Kilgore and began an exploration program at Oakley. Below are details for both worth-noting news pieces. In addition, if you’d like to discuss more on this in person or learn about it from our CEO, Craig Lindsay, note that he will be presenting at the Swiss Mining Institute conference on June 21, 2017 in Zurich and June 22, 2017 in Geneva. Presentations will take place at 09:20 local time on both days.

Read More

Otis Increases Interest in Blue Hill Creek and Matrix Creek Projects to 100%

Otis Increases Interest in Blue Hill Creek and Matrix Creek  Projects to 100%

We are pleased to announce our increased interest in the Blue Hill Creek and Matrix Creek Gold-Silver Properties (Cassia County, Idaho) from 80% to 100% and reduction in the existing net smelter royalty on these projects from 2.5% to 2.0%. In consideration, 380,000 Otis Common Shares, subject to a voluntary hold period ending July 31, 2017,  will be issued to the vendors. Note that the transaction is subject to the approval of the TSX Venture Exchange and other regulatory bodies. 

Read More