Otis Receives Preliminary Environmental Scoping Study on Kilgore Gold Project
January 06 2011 - 8:30AM
Marketwired
Otis Gold Corp. ("Otis" or the "Company") (TSX VENTURE: OOO)(PINK
SHEETS: OGLDF) is pleased to announce that it has received a final
copy of the Preliminary Environmental Scoping Study ("ESS") on the
Company's Kilgore Gold Project from Golder Associates Inc.
("Golder") of Denver, Colorado. Golder conducted a site visit of
the project in October 2010, which resulted in a 94-page report
that provides an overview of the ecological, environmental and
cultural issues involved in developing a gold mine at the deposit's
location in Clark County, Idaho. The Golder study concluded: "No
local organizations that would oppose the facility have been
identified," and "At this time, no issues have been identified that
are considered fatal flaws," in connection with future mine
permitting activities.
Golder's ESS outlines 11 areas where permits or approvals may
involve standard baseline studies. Some of the data have already
been collected, but there are other areas where data is required,
most notably, hydrologic characterization and baseline monitoring,
a 1-year monitoring of air quality and meteorological data, a local
soil survey at a scale of 1:12,000, and a Class III Cultural
Resource Inventory, all of which were recommended.
The Company plans on initiating many of these baseline studies
during the upcoming 2011 field season along with necessary drilling
planned to step-out and infill the newly identified 250-metre long
mineralized zone described in Otis' most recent December 16, 2010
news release.
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 is a resource company focused on the acquisition,
exploration, and development of precious metal deposits in Idaho,
USA. Otis is currently developing its flagship property, the
Kilgore Gold Project located in 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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Otis Gold Corp. Craig Lindsay 604.683.2507
604.683.7589 (FAX) craig@otisgold.com www.otisgold.com
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