-- Posted Tuesday, 7 July 2009 | Digg This Article
| | 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.
- Craig Lindsay, MBA, CFA – President, CEO & Director
- Mitch Bernardi, M.Sc. Geology – Chief Geologist (ex Echo Bay Mines)
- John Carden, Ph.D., Lic. Geo – Director (ex Echo Bay Mines)
- Donald E. Ranta, Ph.D., P.Geo – Director (ex Echo Bay Mines)
- Larry Pancoast, M.Sc. Geology, P.Geo – Senior Geologist (ex Echo Bay Mines)
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
