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Otis Gold Corp.
Summary
| Project: | Oakley | |
|---|---|---|
| Deposit: | Blue Hill Creek, Matrix Creek | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 9/22/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-9-2016: Otis Gold Corp. announces a Resource Estimation report for its Blue Hill Creek, Matrix Creek deposit at the Oakley project. Geology, Mineralization, Resource Estimate and Exploration Potential of property. On June 22, 2016 Childs Geoscience Inc | |
| Resources: | (Resource, Inf.): 9.972Mt @ 0.51g/t Au for 163Koz Au contained at Blue Hill Creek | |
| CP/QP: | [Resources]: Zachary J. Black (Hardrock Mining Consulting LLC) | |
| ABSTRACT: | On June 22, 2016 Childs Geoscience Inc. (“CGI”) of Bozeman, Montana was contracted to prepare a revised NI 43-101 report including a resource estimate by Hard Rock Consulting (“HRC”) for the Blue Hill Creek Property. The Property includes an intermediate stage exploration project area at Blue Hill Creek (“BHC”) containing 35 historical drill holes including five core holes drilled in 2014 by Radius Gold Corporation (“Radius”) that had not formed part of previous reports on the prospect. The BHC resource is open in several directions and is part of a shallow epithermal system that includes stacked sinter layers. A second area immediately to the south and southeast of the BHC Property is referred to as the Matrix Creek (“MC”) Property and is characterized by breccias up to 12 meters (40 feet) thick consisting of angular fragments of white quartzite set in a fine-grained matrix consisting of silica with abundant very-fine-grained pyrite. This second style of mineralization is projected to extend at depth through the BHC Property but the target has not been thoroughly tested at BHC. The BHC and MC properties have been the subject of several drilling campaigns including a combined 49 core and reverse circulation (“RC”) holes that will be summarized in the present report. Recommendations are included to follow up on previous work on the BHC gold resource and on the silver-dominated MC breccias. | |
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