Sign up USA
Proactive Investors - Run By Investors For Investors

Otis Gold reports encouraging assay results from drilling program at Kilgore project

Otis Gold boss Craig Lindsay said the miner continues to "make good progress at better defining the limits of the Kilgore deposit"
gold
Otis has also completed a magnetometer survey at Kilgore

Otis Gold Corp. (TSX-V:OOO) has announced encouraging assay results from five drill holes completed as part of its 25-hole program at the Kilgore Project in Clark County, Idaho.

Highlights include bulk-tonnage intercepts of 110.6 metres (m) grading 0.90 grams per tonne gold (g/t Au) in hole 17 OKC-361, 65.5 m grading 1.21 g/t Au in hole 17 OKC-362 and 62.5 m grading 1.11 g/t Au in hole 17-OKC 364.

“We continue to make good progress at better defining the limits of the Kilgore deposit, with the Aspen Formation continuing to play an important role in the development of the deposit. In addition to our drill program, we have completed a project-wide, 465 line kilometre ground magnetometer survey at Kilgore and will be processing and analysing the results shortly, and have completed a sampling program totaling over 2,550 soil, rock chip and stream sediment samples,” said Otis president and chief executive, Craig Lindsay.

“The results of this field work will be used to better define drill targets for our planned 2018 program.”

The project contains a NI 43-101 indicated resource of 520,000 ounces (oz) of Au in 27.4 million tonnes at a grade of 0.59 g/t Au and an inferred resource of 300,000 oz of Au in 20.2 million tonnes at a grade of 0.46 g/t Au.

View full OOO profile View Profile

Otis Gold Corp Timeline

Related Articles

1517846055_Cradle-Mine.jpg
September 17 2018
Cradle Arc is ramping up copper production at its Mowana project, and further expansion is on the cards
gold mineralisation
July 19 2018
Chief executive Gervaise Heddle believes the three projects, all located in Western Australia, have the potential to host “multi-million ounce deposits”
picture of mine interior
August 09 2018
Caledonia retains operational control of Blanket and ownership of 49% of the mine in Zimbabwe

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright © Proactiveinvestors.com, 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