Sign up USA
Proactive Investors - Run By Investors For Investors

Otis starts drilling and other exploration work at Kilgore

Otis is initiating the new work as part of its plans to update an existing NI 43-101 resource later this year
Otis starts drilling and other exploration work at Kilgore
Kilgore is already known to contain more than 500,000 ounces of gold

Otis Gold Corp (CVE:OOO) has commenced a new drill programme at the Kilgore project, Clark county, Idaho that’s expected to run to 25 holes, or around 8,000 metres.

The primary goal of the drill program is to follow up at depth on drill intercepts hit in 2016 at the existing Kilgore deposit, in particular in the prospective Aspen formation host unit.

In addition, two of the planned holes will be drilled for metallurgical test purposes.

Otis is also implementing an approximately 250-line-kilometre ground magnetometer survey to complement the magnetic survey work completed in 2016. Upon completion of this program, Otis will have ground magnetic coverage over its entire Kilgore land package.

The company will also take approximately 2,500 soil and rock-chip samples to expand coverage of the existing soils database. These new data, when factored with structural information, geology and the magnetic data, will be used to plan exploration drilling for 2018 and beyond as the company continues to explore for additional deposits along the Kilgore Caldera margin.

Finally, Otis announces that it has acquired several airborne surveys flown initially by Aerodat Inc., for Echo Bay Mines Ltd., in the early 1990s. The data include a GPS-registered airborne magnetic survey, several channels of radiometrics and an airborne resistivity survey.

The information will be integrated with other geologic data accumulated on the property for drill targeting purposes. 

View full OOO profile View Profile

Otis Gold Corp Timeline

Related Articles

March 27 2018
Orsu Metals looks set for a transformative year, with a sizeable gold resource expected in an already prolific area
June 07 2018
"We acknowledge the continuing disconnect between our share price and the value of our assets when assessed in terms of the in-situ value of our resource and reserve ounces."
manganese 25th element on periodic table
April 08 2018
The company is seeking shareholder approval to be renamed Element 25 Limited.
Copyright ©, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use