Otis Gold Corp. ("Otis" or the "Company") (TSX VENTURE:OOO) is pleased to
announce start-up of a 6,000-metre, 30-core hole drilling program at its
flagship Kilgore Gold Project, Clark County, Idaho. Drilling will be on-going
throughout the entire 2010 field season, with program completion slated for
early December.


Drilling will be conducted on a 24-hour basis and will be spread between a
minimum of 30 holes located throughout four quadrants encircling the deposit's
central Mine Ridge deposit area. The program is designed, in part, to convert
inferred resource material into the drill indicated category and to drill
in-fill and step-out holes to both upgrade the current resource and to test for
further resource expansion, as well as closure, where the deposit remains open.
Part of the drilling will also focus on in-filling and off-setting higher-grade
historic intercepts near and along the Cabin Fault and its contact with an
adjacent Tertiary rhyolite dome, the possible source of mineralization for the
Kilgore gold system. The program will also concentrate on off-setting and
extending to the south higher-grade intercepts found by Otis during its 2008 and
2009 drilling of the Kilgore deposit Mine Ridge core target area.


Approval of the Company's drill plan was granted by the U.S. Forest Service -
Caribou-Targhee National Forest on May 6, 2010, only two weeks after the date of
its submission. Timberline Drilling Inc., Coeur d'Alene, Idaho, will be
conducting the HQ-size core drilling employing two Sandvik DE140 core drills,
with the first drill scheduled to arrive on site June 14 and the second to
arrive approximately one week thereafter. The program is budgeted at US$2.0
million. Results from the drilling will be released as they become available,
and a new Mine Ridge resource estimate will be prepared following completion of
the drill program.


Drilling at the adjacent Dog Bone Ridge target area is currently in the
assessment and permitting stage. Details of this drill program will be released
as they become available.


Otis is currently working to earn a 75% interest in the property by fulfilling
the terms of an agreement dated June 4, 2008 between Otis and its joint venture
partner Bayswater Uranium Corporation (see Otis News Release dated June 10, 2008
for further information).


John R. Carden, Ph.D., P. Geo., a Qualified Person (QP) as defined by National
Instrument Policy 43-101, is responsible for the technical information contained
in this news release.


About the Company

Otis is a resource company focused on the acquisition, exploration, and
development of precious metal deposits in Idaho and Nevada, USA. Otis is
currently developing its flagship property, the Kilgore Gold Project, Clark
County, Idaho.


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.


Otis Gold (TSXV:OOO)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Otis Gold Charts.
Otis Gold (TSXV:OOO)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Otis Gold Charts.