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Otis Gold Corp.
Summary
| Project: | Kilgore | |
|---|---|---|
| Deposit: | Kilgore | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 11/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-11-2017: Otis Gold Corp. announces an Exploration/Drilling Update report for its Kilgore deposit at the Kilgore project. Drilling results incl. 110.6m @ 0.90g/t Au from 93.0m. VANCOUVER, British Columbia, Nov. 20, 2017 -- 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, Nov. 20, 2017 -- Otis Gold Corp. (the “Company” or “Otis”) (TSX-V:OOO) (OTC:OGLDF) is pleased to announce assay results from the next five holes of its recently completed 25 hole, 8,000-metre drill program at the Kilgore Project, Clark County, Idaho. Bulk-tonnage intercepts of 110.6 metres (m) grading 0.90 grams per tonne gold (g/t Au) in hole 17 OKC-361, 65.5 m grading 1.21 g/t Au in hole 17 OKC-362 and 62.5 m grading 1.11 g/t Au in hole 17-OKC 364 were achieved. Core logging of the remaining holes is nearly completed and further assays will be reported when available. The primary goal of the drill program is to follow-up on open-ended drilling at depth and laterally as infill on drill intercepts from 2015 and 2016 at the Kilgore Deposit, 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. Otis President & CEO, Craig Lindsay stated: “We continue to make good progress at better defining the limits of the Kilgore Deposit, with the Aspen Formation continuing to play an important role in the development of the deposit. In addition to our drill program, we have completed a project-wide, 465 line kilometre ground magnetometer survey at Kilgore and will be processing and analyzing the results shortly, and have completed a sampling program totaling over 2,550 soil, rock chip and stream sediment samples. The results of this field work will be used to better define drill targets for our planned 2018 program.” | |
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