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Otso Gold Corp.
Summary
| Project: | Otso | |
|---|---|---|
| Deposit: | Otso | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 1/23/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-1-2020: Otso Gold Corp. announces an Exploration/Drilling Update report for its Otso deposit at the Otso project. Drilling results incl. 2.00m @ 10.90g/t Au from 139.20m. Toronto, ON – Otso Gold Corp. (“Otso” or the “Company”, TSX.V:OTSO) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Carter (Not stated) | |
| ABSTRACT: | Toronto, ON – Otso Gold Corp. (“Otso” or the “Company”, TSX.V:OTSO) is pleased to announce initial drill results from the infill drill program currently being completed to increase confidence in the mineralization and form a basis for a restart plan. The first phase of the 10-15,000 m infill drill programme at the Otso Gold Mine in Finland was completed with over 1,900 metres of diamond drilling over 20 holes. The majority of the core is currently being cut and sent for testing. Initial results have included 2.00 metres @ 10.90 g/t Au and 8.10 metres @ 1.99 g/t Au. True widths and other significant intercepts are given in Table 1 below. Brian Wesson stated “the infill drill program is focused on closing the drill spacing in the mining areas to 25m, providing the basis for detailed mine planning and optimization. This is the key milestone on the road back to sustainable production for the Otso Gold Mine. These limited results are correlating well with previous wide space drilling, demonstrating significant ore at significant grades in the existing pits and contemplated extensions. These limited results have demonstrated significant ore at significant grades in the pits and pit extensions. As previously announced, we are running a real time model to drive the drill program as results are received. Defining the resources and reserves are the key to moving back to production and unlocking the significant value of the operation”. | |
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