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Otis Gold Corp.
Summary
| Project: | Kilgore | |
|---|---|---|
| Deposit: | Kilgore | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/5/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-2-2020: Otis Gold Corp. announces an Exploration/Drilling Update report for its Kilgore deposit at the Kilgore project. Drilling results incl. 158.5m @ 0.23g/t Au, <0.5g/t Ag from 4.5m. VANCOUVER, British Columbia, Feb. 05, 2020 -- Otis Gold Corp. (“Oti | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alan Roberts (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Feb. 05, 2020 -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to announce that results from the Fall 2019 drill program at the Kilgore Project indicates gold mineralization extends to the west and the south of the existing Kilgore Deposit. Specifically, assays from hole 19OKR-384, drilled to the west of the Kilgore Deposit, intercepted 158.5 metres (or “m”) averaging 0.23 grams per tonne (“g/t”) gold (or “Au”) including 51.8m grading 0.48 g/t Au, with gold mineralization beginning at the surface. Hole 19OKR-381, drilled to the south of the Kilgore Deposit, intercepted 49m grading 0.13 g/t Au and 2.08 g/t silver (or “Ag”). The holes reported reflect all material results from an 11-hole, 2,564m (8,415ft) reverse-circulation exploration drilling program conducted at the Kilgore Project between October and December 2019 (see News Release dated December 13th, 2019). The goal of this program, which is the first phase of a larger, multi-stage 70-hole, 25,000 metre exploration drill program announced in 2019, was to conduct step-out exploration drilling at all points immediately around the currently identified Kilgore resource. The holes specifically targeted caldera-related fault structures adjacent to the Tertiary volcanic - Cretaceous sediment contact, believed to be the most prospective with respect to mineralized material, as well as follow-up on indications of further mineralization from historic drill holes completed from the 1980s through the 1990s, prior to implementation of NI 43-101 for reporting of mineral resources. | |
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