Otis Drills High-Grade and Bulk-Tonnage Intercepts at Kilgore
VANCOUVER, BC - Otis Gold Corp. reported significant drill results comprising both high-grade, underground and bulk-tonnage, open-pittable intercepts from the first seven assayed core holes of its ongoing 2009, 12-core hole, 3,100-metre, Kilgore Gold Project (Kilgore) drill program, Clark County, Idaho. Highlights of the seven drill holes, listed in Table 1 below, include high-grade intercepts of 9.5 metres (m) of 11.6 grams per tonne gold (g/t Au) in hole 09 OKC-199 and 10.2 m of 9.8 g/t Au in 09 OKC-204, and bulk-tonnage intercepts of 84.8 m of 1.37 g/t Au in 09 OKC-197 and 95.6 m of 1.46 g/t Au in 09 OKC-204. All seven holes contain numerous intervals of anomalous gold mineralization, with many of the bulk-tonnage intercepts between 50-metres and 120-metres thick.
The results from these new holes confirm the presence of: (1) high-grade intercepts in high-angle, north- to northeast-trending quartz vein/stockwork breccia zones cutting an extensive and relatively flat-lying 45-metre-thick argillized structural zone where diking occurs, generally from 45-metres to 100-metres deep throughout the Mine Ridge area (9.5 m of 11.6 g/t Au in 09 OKC-199 and 10.2 m of 9.8 g/t Au in 09 OKC-204); (2) deeper, high-grade material at and along the Tertiary volcanic host rock/underlying Cretaceous Aspen sedimentary host rock contact near and at the base of the deposit, where diking occurs (2.8 metres of 9.15 g/t Au and 18.2 m of 3.37 g/t Au in 09 OKC-197); and (3) widespread, bulk-tonnage intercepts throughout the Mine Ridge area, that contain most of the high-grade intercepts (84.8 m of 1.37 g/t Au in 09 OKC-197 and 95.6 m of 1.46 g/t Au in 09 OKC-204). Visible gold was found in high-grade veins associated with dikes in three of the holes, 09 0KC-197, 199, and 204. Most of the new intervals contain mineralized thicknesses and average grades which are noticeably greater than those constituting the majority of the intervals comprising the historic Kilgore NI 43-101 compliant resource (Otis March 2, 2009 News Release). As a result, Otis believes that a strong possibility exists to increase the overall size, grade, and economic viability of the Kilgore bulk-tonnage deposit.
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