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Project: | Kilgore | |
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Deposit: | Kilgore | |
Location: | United States | |
Commodities: | Gold | |
Date: | 9/28/2018 | |
Report Code: | NI43-101 | |
Report Type: | Resource Estimation | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 28-9-2018: Otis Gold Corp. announces a Resource Estimation report for its Kilgore deposit at the Kilgore project. Updated mineral resource estimate at the project. Otis Gold Corp. (Otis Gold) engaged consulting geologist David Rowe, CPG, of Rowearth LLC, | |
Resources: | (Resource): 44.5Mt @ 0.58g/t Au (Ind.), 9.39Mt @ 0.45g/t Au (Inf.) | |
CP/QP: | [Resources]: David Rowe (Rowearth LLC) | |
ABSTRACT: | Otis Gold Corp. (Otis Gold) engaged consulting geologist David Rowe, CPG, of Rowearth LLC, and Global Resource Engineering, Ltd. (GRE), the “Authors”, to perform a new resource estimate of the Kilgore deposit, part of Otis Gold’s Kilgore Project (“Kilgore Project” or the “project”), Clark County, Idaho, U.S.A. A previous estimate of mineral resources was described in a National Instrument 43-101 Technical Report by Don Cameron entitled Technical Report on the Kilgore Project, dated July 20, 2012. This report documents the Authors’ independent estimation of the mineral resources of the Kilgore deposit as of August 14, 2018 The resource estimate and this report were prepared according to the, guidelines of Form 43-101F1, and Companion Policy 43-101CP, as amended by the Canadian Securities Administrators (CSA) and enacted on June 30, 2011. David Rowe, Terre Lane, Jeffrey Todd Harvey and JJ Brown are Qualified Persons under the Instrument. Mr. Rowe and JJ Brown conducted independent site visits to the Kilgore property on August 9th through 14th, 2017 and August 4th through 5th, 2018 respectively. The conclusions and recommendations in this report are based on information available as of July 1, 2018. The Kilgore deposit is part of Otis Gold’s Kilgore Project, a volcanic-hosted epithermal gold property located on the northern margin of the eastern Snake River Plain, approximately 5 miles west-northwest of the small rural hamlet of Kilgore, Clark County, Idaho (Figure 4-1). Otis Gold has a 100% undivided interest in 614 unpatented Federal lode claims totaling 12,150 acres (4,917 hectares) on U.S. Forest Service lands. The area is mountainous; relief on the Kilgore property is 2,000 feet (610 m) at elevations above 6,400 feet (1950 m). The property’s initial discovery and earliest known gold exploration and production work was reported to have been in the 1930’s by the Blue Ledge Mining Company. Evidence of Blue Ledge’s activity remains as several collapsed underground adits, prospect pits, a tram car and a mill foundation, though there is no record of gold production from this period. | |
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