Otis Announces Fall Kilgore Drill Program
24 Outubro 2012 - 10:30AM
Marketwired Canada
Otis Gold Corp. (TSX VENTURE:OOO)(OTCQX:OGLDF) ("Otis" or the "Company") is
pleased to announce that it will shortly be commencing a 1,700-meter, 9-hole
reverse circulation drill program at its flagship Kilgore Gold Project located
in Clark County, Idaho.
The drilling will be conducted in the North Target area, located at the
north/northwest end of the Kilgore Deposit, where five holes drilled in 2011
successfully expanded the strike length of the deposit by approximately 150
meters (see Otis News Release dated October 6, 2011). Specifically, the drilling
will offset hole OKC-258, which intercepted 114.3 metres at a grade of 0.89
grams per tonne gold (g/t Au), including 80.8 m @ 1.10 g/t Au, and hole 11
OKC-259, which intercepted 118.8 m at a grade of 0.89 g/t Au, including 36.5 m @
1.65 g/t Au. Due to the shallow mineralization associated with these two holes,
drilling is expected to average only 180 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 gold-in-soil anomalies along an additional 400 meters of
potential deposit strike length beyond these holes (see Otis News Release dated
January 31, 2011).
The drill program will be conducted by O'Keefe Drilling of Butte, Montana using
a single buggy rig. The rig is currently being mobilized, with drilling
scheduled to be completed by the end of November.
John R. Carden, Ph.D., P. 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
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.
Forward Looking Statement
This document contains certain forward looking statements which involve known
and unknown risks, delays, and uncertainties not under the corporations control
which may cause actual results, performance or achievements of the corporation's
to be materially different from the results, performance or expectation implied
by these forward looking statements.
ON BEHALF OF THE BOARD
Craig T. Lindsay, President and CEO
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Otis Gold Corp.
Craig Lindsay
President and CEO
604.683.2507
604-683-7589 (FAX)
craig@otisgold.com
www.otisgold.com
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