Otis Drills High-Grade and Bulk-Tonnage Intercepts at Kilgore
December 15 2009 - 9:07AM
Marketwired
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.
The TSX Venture Exchange has neither approved or disapproved of
the contents herein.
Contacts: Otis Gold Corp. Craig Lindsay 604.683.2507
604.683-2506 (FAX) craig@otisgold.com Otis Gold Corp. Mike Belantis
403.701.7299 mike@otisgold.com www.otisgold.com
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