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Company Introduction: Otis Gold Corp. (TSX-V: OOO)


-- Posted Tuesday, 7 July 2009 | Digg This ArticleDigg It! | | Source: GoldSeek.com

Otis Gold Corp. (“Otis”) is a junior resource company committed to building a portfolio of quality precious and base metals projects, with their primary target being an expansion of the well known high-grade Kilgore gold deposit  to 2 million plus ounces.

Otis is managed by an experienced team of geologists, mining financiers, and corporate development professionals who have a proven record of accomplishments in this Sector.

Management and Key Directors - Click on name to see full bio

Otis is managed by an experienced team of geologists, mining financiers, and corporate development professionals who have a proven record of accomplishments in this sector.


Click here to see deposits our geological and technical team have discovered.



Key Project Overview -
High Grade Kilgore Gold Project

The high grade Kilgore Gold Project is located in southeast Idaho and contains a historic global gold resource of 706,000 ounces. Click here to see current resource table.

Otis has made the high grade Kilgore Project their primary target based on available historical data and technical reports from past drill program dating back as early as 1983. Furthermore, Otis’ technical team was responsible for a significant portion of the historical work on the property during their years with Echo Bay Mines.

From 1983 to 1998, major gold mining companies have spent more than $8 million on drilling, geophysical, geochemical surveying and metallurgical testing. A total of 197 diamond and reverse circulation holes have been drilled for total footage of 126,417 feet.

Based on the available data and the advancing of technology the Otis geological and technical team have developed a high-grade gold deposit model with the potential to reach over 2 million plus ounces of gold.

In November 2008 Otis initiated a 4-hole drill program targeting high-grade zones based on the new high-grade geological model. The drill program was a success and hit high gold intercepts only proving up the high-grade geological model. Up to 20,000’ will be drilled at Kilgore in the next 12 months, and drilling is expected to begin in July.  

Hole Number

Interval(ft)

Thickness Feet 
(metres)

Grade 
oz/ton

Metric Grade 
grams/tonne

08 OKC-191

137.2 - 141.5

4.3 
(1.31)

1.767 opt

60.530

 

208.5 - 215.1

6.6 
(2.01)

0.135 opt

4.635

 

239.7 - 266.9

27.2 
(8.29)

0.382 opt

13.085

 

313.1 - 319.0

5.9 
(1.80)

1.581 opt

54.148

08 OKC-193

261.0 - 268.5

7.5 
(2.29)

0.241 opt

8.237

 

433.0 - 441.5

8.5 
(2.59)

0.706 opt

24.178

08 OKC-192

122.0 - 127.0

5.0 
(1.52)

0.225 opt Au

7.714

 

292.0 - 304.9

12.9 
(3.93)

0.177 opt Au

6.069

 

Includes

 

 

 

 

292.0 - 299.0

7.0 
(2.13)

0.264 opt Au

9.051

08 OKC-194

84.6 - 88.0

3.4 
(1.04)

0.100 opt Au

3.429

 

613.0 - 633.0

20.0 
(6.10)

1.595 opt Ag

54.686

  
 Click here to view full report:  Kilgore NI 43-101


-- Posted Tuesday, 7 July 2009 | Digg This Article | Source: GoldSeek.com









 



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