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Otis Gold Corp.
Summary
| Project: | Kilgore | |
|---|---|---|
| Deposit: | Kilgore | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-2-2018: Otis Gold Corp. announces an Exploration/Drilling Update report for its Kilgore deposit at the Kilgore project. Drilling results incl. 118.9m @ 1.41g/t Au from 121.3m. VANCOUVER, British Columbia, Feb. 14, 2018 -- Otis Gold Corp. (the “Company” | |
| Resources: | (Resource): 27.4Mt @ 0.59g/t Au (Ind.) and 20.2Mt @ 0.46g/t Au (Inf.) at Kilgore | |
| CP/QP: | [Overall Report]: Bruno Barde (Not stated) | |
| ABSTRACT: | VANCOUVER, British Columbia, Feb. 14, 2018 -- Otis Gold Corp. (the “Company” or “Otis”) (TSX-V:OOO) (OTC:OGLDF) 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. Seven holes encountered significant bulk-tonnage intercepts highlighted by 86.8 metres (m) grading 1.05 grams per tonne gold (g/t Au) in hole 17 OKC-366, 137.2 m grading 0.91 g/t Au in hole 17 OKC-374, 71.6 m grading 1.05 g/t Au in hole 17-OKC 376, and 118.9 m grading 1.41 g/t Au in hole 17 OKC-377. 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. The previous drilling conducted in 2015 and 2016 defined numerous intervals of significant thicknesses and grades in the Aspen that subsequently remain open-ended throughout much of the deposit, particularly throughout the “Aspen Corridor” (see News Release February 9, 2016). Seven of the nine holes encountered significant bulk-tonnage intercepts and were drilled as in-fills and extensions at depth in the Aspen Corridor along the main road in the central part of the deposit southeast of the Mine Ridge Fault (area between 11,850N and 12,150N) | |
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