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Otis Gold Corp.
Summary
| Project: | Kilgore | |
|---|---|---|
| Deposit: | Kilgore | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 10/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-10-2017: Otis Gold Corp. announces an Exploration/Drilling Update report for its Kilgore deposit at the Kilgore project. Drilling results incl. 129.4m @ 1.66g/t Au from 155.4m. Vancouver, B.C. – Otis Gold Corp. (the “Company” or “Otis”) is pleased to an | |
| 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, B.C. – Otis Gold Corp. (the “Company” or “Otis”) is pleased to announce assay results from the first three holes of its ongoing 2017 drill program at the Kilgore Project, where bulk-tonnage intercepts of 129.4 metres (m) grading 1.66 grams per tonne gold (g/t Au) (includes 24.4 m grading 3.45 g/t) in hole 17 OKC-356 and 73.1 m grading 1.13 g/t Au in hole 17 OKC-358 have been intersected. The ongoing program comprises a total of 7,300 metres of drilling over 23 holes (see News Release dated July 19, 2017). To date, 20 holes have been drilled totaling 6,100 m with core logging on-going and assays pending. The primary goal of the drill program is to follow-up on open-ended drill intercepts achieved in 2015 and 2016 in the prospective Late Cretaceous Aspen Formation (or “Aspen”) sedimentary host unit which underlies the Kilgore Deposit (see News Releases dated February 9, 2016, and January 19, 2017). This year’s planned holes were sited to test these open-ended intercepts at depth, laterally and as infills. Drilling will be completed in October 2017 and results will be announced as they become available. Timberline Drilling of Hayden, Idaho is conducting all drilling employing two Atlas Copco CS14 track-mounted core rigs. | |
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