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Otis Gold Corp.
Summary
| Project: | Kilgore | |
|---|---|---|
| Deposit: | Kilgore | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 1/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-1-2017: Otis Gold Corp. announces an Exploration/Drilling Update report for its Kilgore deposit at the Kilgore project. Drilling results incl. 128.0m @ 1.79g/t Au from 164.6m. Vancouver, B.C. – Otis Gold Corp. (“Otis” or the “Company”) is pleased to an | |
| Resources: | (Resource): 27.4Mt @ 0.59g/t Au (Ind.) and 20.2Mt @ 0.46g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: Paul D. Gray (Not stated) | |
| ABSTRACT: | Vancouver, B.C. – Otis Gold Corp. (“Otis” or the “Company”) is pleased to announce that it has drilled the following intercepts at its Kilgore Gold Project, Clark County, Idaho. The 4 holes above, and 8 additional holes reported below, represent the final 12 holes of the 10,300- meter, 40-hole drill program completed in November 2016 at the Kilgore Gold Project. Analytical results for the 12 drill holes reported in this release, along with those for the initial 28 holes previously reported (see Otis News Releases dated September 26, 2016, October 31, 2016 and November 29, 2016), confirm the presence of significant gold mineralization in the Aspen Formation sedimentary host rocks, the primary target of the 2016 drill program. A majority of these intercepts are of both higher grade and longer intervals than most of those encountered in prior drilling at Kilgore and thus demonstrate a clear potential to increase the overall size and grade of the Kilgore Deposit. Craig Lindsay, Otis President and CEO states: “We are extremely pleased with the drill intercepts encountered in the previously under-explored sedimentary Aspen Formation. We expect the Aspen Formation will be a significant new host for gold mineralization at Kilgore and will continue to be a focus of expansion drilling going forward. Our technical team, led by Dr. John Carden and Mr. Mitch Bernardi, have done an excellent job targeting new mineralization at Kilgore in 2016.” | |
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