Otis Gold Corp. ("Otis" or the "Company") (TSX VENTURE:OOO)(OTCQX:OGLDF) is
pleased to announce the approval by the US Forest Service - Caribou Targhee
National Forest of the first phase of its 10,000-metre, 48-core hole drilling
program at its flagship Kilgore Gold Project, Clark County, Idaho. Phase one
drilling will be conducted at the existing Mine Ridge deposit and Prospect Ridge
target area, and will comprise approximately 7,900 metres spread over 37 core
holes. Drilling will commence approximately June 21, 2011.


Drilling at Mine Ridge is primarily intended to expand the known mineralization
through step-out drilling; at present, Mine Ridge remains open in at least four
directions (see Otis News Release dated April 6, 2011).  The planned program at
Mine Ridge totals 4,450 metres spread over 21 core holes.


Drilling at Prospect Ridge, which lies along the southeasterly strike extension
of the Mine Ridge deposit and is proximate to it, is intended to test for an
extension of Mine Ridge mineralization. The current target is 700 metres long by
200 metres wide, and is characterized by five scattered historic drill holes and
two Otis 2010 drill holes that contain ore-grade intercepts. Collectively, these
intercepts define a northwest-trending zone of gold mineralization that cuts
through a rhyolite dome and its periphery just southeast of and adjacent to the
Mine Ridge deposit. Scattered intercepts within this new target that help define
it and require offsetting include 15.2 m @ 1.27 grams per tonne gold (g/t Au) in
Echo Bay hole 96-EKC-180, 24.4 m @ 1.58 g/t Au in Pegasus Gold hole 93 PK-49,
and 76.0 m @ 0.77 g/t Au that includes 13.7 m @ 2.88 g/t Au in Otis core hole 10
OKC-221. Part of the Prospect Ridge target coincides with an IP low geophysical
anomaly, as does the Mine Ridge deposit. The planned program at Prospect Ridge
totals 3,450 metres spread over 16 core holes.


Approval of the Company's drill plan was granted by the U.S. Forest Service -
Caribou-Targhee National Forest on June 6, 2011, only four 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 18 and the second to
arrive approximately one week thereafter. Results from the drilling will be
released as they become available.


Permitting for helicopter-supported drill programs at the Dog Bone Ridge and
Gold Ridge target areas, which will total an additional 2,100 metres spread over
10 core holes, will be submitted later this summer after Otis' second Plan of
Operation is approved on these two targets.


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, 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

The forward-looking information contained in this press release is made as of
the date hereof and the Company undertakes no obligation to update publicly or
revise any forward-looking information, whether as a result of new information,
future events or otherwise, unless so required by applicable securities laws.


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.