VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 7, 2015) – Otis Gold Corp. (“Otis” or the “Company”) (TSX VENTURE:OOO)(OTC PINK:OGLDF) is pleased to announce that drilling is now complete at its previously announced Kilgore Gold Project fall drill program (see News Release dated October 1, 2015). Otis is pleased to report that a total of 3,200 metres of drilling was completed in 19 reverse circulations drill holes. Based on the forecast turnaround times for drill assays and barring no material delays, the Company expects to announce the drill results in early January. The drilling was conducted by O’Keefe Drilling Co, Inc. of Butte, Montana.
Stated President & CEO Craig Lindsay: “We were very pleased to be in a position to undertake this drill program, which was largely due to a very supportive investor base that we have been diligently expanding over the past nine months. Due to challenging market conditions, a majority of junior exploration and development companies have not been able to progress their projects in a material way; Otis stands in the very small minority of companies that have been able to attract capital and continue to develop its portfolio. We remain very optimistic about the growth potential at Kilgore, and look forward to sharing our results, and future development plans, when all our drill results are received and reviewed.”
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 and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The forward-looking information contained in this press release is made as of the date hereof and Otis undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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 “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.