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Otis Gold Corp.
Summary
| Project: | Kilgore | |
|---|---|---|
| Deposit: | Kilgore | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 1/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-1-2018: Otis Gold Corp. announces an Exploration/Drilling Update report for its Kilgore deposit at the Kilgore project. Drilling results incl. 24.4m @ 4.33g/t Au from 113.7m. Otis Gold Corp. (TSX-V:OOO) (OTC:OGLDF) (the “Company” or “Otis”) is pleased | |
| 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: | Otis Gold Corp. (TSX-V:OOO) (OTC:OGLDF) (the “Company” or “Otis”) 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-373, 53.3 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 378 have been intersected. Core logging is now complete and assays from the final nine holes outstanding will be reported when available. The primary goal of the drill program was to follow-up on open-ended drilling at depth and laterally as infill on drill intercepts achieved in 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 track-mounted core rigs. Holes 17 OKC-371 and 17 OKC-373 were drilled to test the south end of the Kilgore Deposit (drill hole 17 OKC-373 cross section). As background, in a prior exploration program, Otis geologists sampled a historic dump of mixed rhyolite and Aspen sandstone from an adit that was driven into the Cabin Fault/rhyolite dome area at the southern end of the Deposit. | |
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