VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 18, 2015) – Otis Gold Corp. (“Otis” or “the Company”) is pleased to announce a work program at its flagship Kilgore Gold Project located in Clark County, Idaho. The first phase will comprise the construction of approximately 1,200 metres (m) of new access and drill roads, including 900m of roads into the emerging “North Target” area and 300m of roads into the “Crab Claw” area, which will be followed by a 15 to 20 hole drill program totaling up to 4,200 metres. The object of the program is to further test for potential mineralization in the North Target and the Crab Claw areas (both which are contiguous to the existing Kilgore Gold Deposit). The Kilgore Gold Deposit contains a current NI 43-101 Indicated Resource of 520,000 oz Au in 27.4 million tonnes at a grade of 0.59 g/t Au and an Inferred Resource of 300,000 oz Au in 20.2 million tonnes at a grade of 0.46 g/t Au (see News Release dated September 14, 2012). Work is scheduled to commence in September.
Reverse Circulation (or “RC”) drilling will be focused in the North Target area, located at the north/northwest end and contiguous to the Kilgore Deposit, where holes drilled in 2011 and 2012 successfully expanded the strike length of the deposit by approximately 150 meters. Drilling in 2011, which is reflected in the current Kilgore NI 43-101 Resource Estimate, included 114.3m of 0.89 g/t Au in hole OKC-258, 118.8m of 0.89 g/t Au in OKC-259, 48.8m of 1.05 g/t Au in hole OKC-265 and 32.0m of 1.15 g/t Au in hole OKC-247 (see Otis News Release dated January 12, 2012). Drilling in 2012, which is not reflected in the current Kilgore NI 43-101 Resource Estimate, included intercepts of 82.3m of 0.95 g/t Au in hole OKR-291, 121.9 m of 1.04 g/t Au in hole OKR-292, and 83.8m of 1.12 g/t Au in hole 12 OKR-294 (see Otis News Release dated January 17, 2013).
Due to the shallow mineralization associated with several of the holes, drilling is expected to average approximately 150 to 200 meters per hole. The North Target area is currently open-ended to the north-northwest of holes OKC-258 and 259 where it is further defined by the results of an Otis 2011 detailed soil survey that show coincident gold-in-soil and associated selenium anomalies along an additional 400 meters of potential deposit strike length beyond these holes (see Otis News Release dated January 31, 2011). Step-out drilling will also be conducted in the Crab Claw area located in the west-northwest part of the Kilgore Deposit, which was previously inaccessible to due a lack of drill roads.
John R. Carden, Ph.D., Lic. Geo., a Qualified Person (QP) as defined by National Instrument Policy 43-101, is responsible for the technical information contained in this news release. About the Company
About the Company
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Gold Project, located in Clark County, Idaho.
ON BEHALF OF THE BOARD
Craig T. Lindsay, President & CEO
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