Friday, January 18th 01:06 PM IST

Otis Gold intersects significant Gold potential at Kilgore deposit

# Otis Gold  # Gold  # Gold Mining  # Kilgore Deposit  # Gold Production  # TSX-V: OOO  

Notable results from the drilling included 82.3 metres of 0.95 grams per tonne (g/t) gold in hole 12 OKR-291, and 121.9 metres of 1.04 g/t gold in hole 12 OKR-292, which includes 45.7 metres of 1.52 g/t gold.

RICHMOND (BullionStreet): Otis Gold Corp. (TSX-V: OOO) has announced the results of a recently completed 2012 fall drill program conducted at its Kilgore Gold Deposit, Clark County, Idaho, where several bulk-tonnage intercepts in excess of 80-metres thick have been intersected.

Notable results from the drilling included 82.3 metres of 0.95 grams per tonne (g/t) gold in hole 12 OKR-291, and 121.9 metres of 1.04 g/t gold in hole 12 OKR-292, which includes 45.7 metres of 1.52 g/t gold.

Further, hole 12 OKR-294 returned 83.8 metres of 1.12 g/t gold, including 30.5 metres of 2.10 g/t gold.

The fall drilling campaign totalled 1,009 metres in 6 reverse circulation holes designed to extend and offset the 100-metre-plus thick, near-surface intercepts found in core holes drilled into the North target area in 2011. Four of the six holes found "significant bulk-tonnage thicknesses and gold grades", the company said.

"The thickness of these bulk-tonnage intercepts in the Kilgore Deposit's North Target area serve to further enhance the overall deposit's size and potential mineability," said Craig Lindsay, Otis’ President and CEO.

The intercepts, all of which are currently open-ended to the northwest and presently define the northwestern boundary of the deposit, will be offset in 2013 as Otis continues to drill out the deposit and move Kilgore towards a production decision,” he said.

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