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Otis Gold Corp.
Summary
| Project: | Kilgore | |
|---|---|---|
| Deposit: | Kilgore | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 9/26/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-9-2016: Otis Gold Corp. announces an Exploration/Drilling Update report for its Kilgore deposit at the Kilgore project. Drilling results incl. 120.4m @ 1.55g/t Au from 93m. Vancouver, B.C. – Otis Gold Corp. (“Otis” or the “Company”) is pleased to annou | |
| 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 assay results from the first six holes of its ongoing drill program at the Kilgore Gold Project, where bulk-tonnage intercepts ranging from 55-metres to 120-metres (m) thick and grading 0.82 to 1.55 grams per tonne gold (g/t Au) have been intersected. The planned program as announced comprises a total of 5,500 meters of drilling over 20 holes (see News Release dated July 25, 2016). Due to the ongoing success of this program and availability of capital, the drill program is currently being expanded to approximately 9,000 metres over 36 holes. Otis’ 2015 Kilgore drill program discovered significant gold mineralization in the largely untested Aspen Formation sedimentary rocks. This mineralization is defined by intervals of significant thicknesses and grades that remain open-ended throughout much of the deposit (see January 14, 2016 News Release). Otis’ 2016 drilling is targeted to further drill test these rocks that underlie and serve as the basement to the Tertiary volcanic and hypabyssal rock package that currently hosts the majority of the known gold mineralization at Kilgore. These results indicate that the Aspen Formation has the potential to host significant additional mineralization. | |
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