Otis Drills High-Grade and Bulk-Tonnage Intercepts at Kilgore
December 15 2009 - 8:07AM
Marketwired Canada
Otis Gold Corp. ("Otis" or the "Company") (TSX:OOO) is pleased to announce
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 (see Table 2 below for further details).
Table 1. Otis Kilgore Gold Project 2009 Drill Program Highlights
Hole Number From (m) To (m) Thickness (m) Au g/t
09 OKC-197 101.2 186.0 84.8 1.37
Includes 161.8 180.0 18.2 3.37
------------------------------------------------------------
09 OKC-198 68.6 166.1 97.5 0.83
Includes 71.6 99.1 27.5 1.61
Includes 71.6 74.4 2.8 8.80
------------------------------------------------------------
09 OKC-199 55.5 174.3 118.8 0.75
Includes 89.3 98.8 9.5 11.6
------------------------------------------------------------
09 OKC-204 60.0 155.6 95.6 1.46
Includes 66.8 77.0 10.2 9.80
------------------------------------------------------------
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.
All holes were drilled in the Mine Ridge area, the core of the existing Kilgore
deposit, to test for zones of high-grade mineralization contained within the
Kilgore NI 43-101 compliant bulk-tonnage resource (Otis March 2, 2009 News
Release). This area was only partially drill-tested by Bear Creek, Pegasus Gold,
Placer Dome U.S., and Echo Bay Mines between 1983 and 1996, while exploring the
property for a bulk-tonnage gold deposit (see Otis News Release dated June 10,
2008).
Locations of the seven holes, which total 1,737 metres of drilling, and their
corresponding assay intercepts, are shown in a drill-hole location map and two
geologic sections available on the Otis Gold Corp. website at
http://www.otisgold.com/projects/kilgore/. The north-trending section through
the Mine Ridge area shows a roughly 70-metre thick or greater section of
mineralization that remains open in numerous directions. The west-trending
section located normal to the southern end of the north-trending section reveals
mineralization roughly 60 metres below the surface that is up to nearly
120-metres thick, 170-metres wide, and remains open in various directions.
Further expansion drilling is planned in these areas during 2010.
Table 2 below provides further detailed results of the seven holes:
Table 2. Otis Kilgore Gold Project 2009 Drill Program Intercepts
Hole Number From (m) To (m) Thickness (m) Au g/t
09 OKC-195 29.8 50.2 20.4 0.77
Includes 39.5 48.7 9.2 1.12
140.8 142.3 1.5 1.29
154.5 165.5 11.0 1.15
178.9 180.4 1.5 1.17
191.1 194.2 3.1 1.06
------------------------------------------------------------
09 OKC-196 44.1 57.0 12.9 0.66
158.9 160.6 1.7 1.31
168.2 170.5 2.3 1.15
228.0 229.0 1.0 1.34
------------------------------------------------------------
09 OKC-197 101.2 186.0 84.8 1.37
Includes 161.8 186.0 24.2 2.84
Includes 161.8 180.0 18.2 3.37
Includes 169.4 172.2 2.8 9.15
------------------------------------------------------------
09 OKC-198 55.8 57.2 1.4 1.34
68.6 166.1 97.5 0.83
Includes 68.6 123.4 54.8 1.14
Includes 71.6 99.1 27.5 1.61
Includes 71.6 74.4 2.8 8.80
137.2 144.9 7.7 1.04
164.3 166.1 1.8 1.19
------------------------------------------------------------
09 OKC-199 29.6 30.9 1.3 2.11
55.5 174.3 118.8 0.75
Includes 65.5 105.8 40.3 1.32
Includes 89.3 105.8 16.5 2.43
Includes 89.3 98.8 9.5 11.60
164.7 174.3 9.6 1.74
------------------------------------------------------------
09 OKC-200 74.4 75.9 1.5 1.22
98.1 151.2 53.1 0.76
Includes 114.9 131.2 16.3 1.41
------------------------------------------------------------
09 OKC-204 60.0 155.6 95.6 1.46
Includes 61.9 77.0 15.1 6.84
Includes 66.8 77.0 10.2 9.80
Includes 73.7 77.0 3.3 31.8
Analysis and Otis QA/QC Program
All assay work was performed by ALS Chemex Labs, Vancouver, B.C., which has ISO
9001:2000 certification and operates in compliance with ISO 17025. A 50-gram
pulp of all samples was assayed for gold by Fire Assay/AA finish methods.
Certified reference materials, duplicates, and blanks were inserted into the
sample stream for quality control. Check assays on pulps were carried out on
approximately 7% of the samples by Inspectorate Labs, Reno, Nevada, with all
check assay values found to be within acceptable limits.
True widths are estimated to be between 80% and 100% of the drilled interval,
based on their estimated dip and continuity of mineralization between drill
holes. The HQ3-size core drilling is being performed by Cabo Drilling (America),
Blaine, Washington, employing a Boyles Hydra 56 - Pac Track core rig outfitted
with a triple-tube core recovery system and face-discharge bits.
John R. Carden, Ph.D., Lic. Geo., a Qualified Person as defined by National
Instrument Policy 43-101, is responsible for the technical information contained
in this News Release.
About the Company
Otis currently owns six precious metals properties in Idaho and Nevada, two of
which, the Kilgore and Oakley Gold Projects, contain National Instrument Policy
43-101 compliant resources totaling in excess of 700,000 ounces of gold.
ON BEHALF OF THE BOARD
Craig T. Lindsay, President and CEO
This news release does not constitute an offer to sell or a solicitation of an
offer to sell any securities in the United States. The securities have not been
and will not be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
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