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Otis Gold Corp.
Summary
| Project: | Kilgore | |
|---|---|---|
| Deposit: | Kilgore | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 10/31/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-10-2016: Otis Gold Corp. announces an Exploration/Drilling Update report for its Kilgore deposit at the Kilgore project. Drilling results incl. 30.5m @ 5.37g/t Au from 96.0m. Vancouver, B.C. – Otis Gold Corp. (“Otis” or the “Company”) is pleased to ann | |
| 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 intersected 30.5 meters (m) grading 5.37 grams per tonne gold (g/t Au) in hole 16 OKR-315 and 114.3m grading 1.00 g/t Au in hole 16 OKR-327 at its Kilgore Gold Project drill program, Clark County, Idaho. The 2016 drill program, currently in its final stages of completion, has been expanded to 10,300 metres over 40 holes. The mineralization in drillhole 16 OKR-315 is hosted primarily in a Tertiary Sill and the Aspen Formation, the sedimentary unit underlying the existing Kilgore Gold Deposit and a primary focus of the 2016 drill program. In 2015, Otis’ drilling identified significant gold mineralization in the predominantly 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 Otis January 14, 2016 News Release). Otis’ 2016 drilling is targeted to further drill test this Formation that underlies and serves as the basement to the Tertiary volcanic and hypabyssal rock package that currently hosts the majority of the known gold mineralization at Kilgore. Assay results for the nine drill holes announced in this release, along with those for the first six holes previously announced (see Otis September 26, 2016 News Release), continue to indicate the Aspen Formation has the potential to host significant additional gold mineralization. | |
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