VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 1, 2015) – Otis Gold Corp. (or “Otis”) (TSX VENTURE:OOO) (OTCQX:OGLDF) is pleased to confirm that road construction and drilling has commenced at its flagship Kilgore Gold Project. Construction of approximately 900 metres of roads into the emerging “North Target” area and 300 metres of roads into the untested “Crab Claw” area began in early September and is progressing on schedule. Parallel with road construction, the first several holes of a planned 15 to 20 hole program totaling up to 4,200 metres have been completed, and drilling will continue into November. Drilling is being conducted by O’Keefe Drilling Co, Inc. of Butte, Montana and results will be released as they become available.
The reverse circulation (or “RC”) drilling is focused in the North Target and Crab Claw areas, 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 included intercepts of 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 News Release dated January 12, 2012). Drilling in 2012 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 News Release dated January 17, 2013). Photos of the work can be viewed at: http://www.otisgold.com/projects/kilgore/photo_gallery/.
Stated President & CEO Craig Lindsay: “We are very pleased with the commencement of the current work program, which is intended to potentially expand mineralization and find the ‘edges’ of the existing deposit and is an important next phase in the development of the Kilgore Gold Deposit.”
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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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.