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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"
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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.

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