Otis Commences Drilling at Kilgore Project

 

VANCOUVER, BC - Otis Gold Corp. has commenced an approximately 25 hole, 8,000 meter drill program at the Kilgore Project, Clark County, Idaho. The primary goal of the drill program is to follow up at depth on drill intercepts achieved in 2016 at the existing Kilgore Deposit, primarily in the prospective Aspen Formation host unit. Further, 2 of the planned holes will be drilled for metallurgical test purposes. Drilling will continue through November and results will be announced as they become available. All drilling will be conducted by Timberline Drilling of Hayden Lake, Idaho employing two Atlas Copco CS-14 track-mounted core rigs.

On a parallel basis, the Company is implementing an approximately 250 line-kilometer 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 has commenced a sampling program comprising 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. In addition Otis has acquired several airborne surveys flown initially by Aerodat Inc, for Echo Bay Mines Ltd, in the early 1990s. The data, secured from a subsidiary of Fugro Geophysics of Toronto, Canada, includes 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. Of particular interest is the resistivity data which shows good correlation with the Kilgore deposit and its northern extension. The potassium channel on the radiometric survey will be useful in targeting other areas on the property containing the quartz-adularia signature characteristics of the Kilgore deposit. Adularia is a low-temperature potassium feldspar that typically forms in lower temperature hydrothermal deposits and has a significant radiometric response due to the presence of the potassium-40 (40K) isotope in its mineral lattice.