Otis Gold Corp. Announces the Resignation of William Reed from the Board of Directors
May 20 15
Otis Gold Corp. announced the resignation of Mr. William Reed from the Company's Board of Directors. Mr. Reed is resigning to focus on other business interests.
Radius Gold Announces Initial Drill Results from its Fall 2014 Diamond Drill Program
Feb 5 15
Otis Gold Corp. reported that its joint venture partner, Radius Gold Inc., has announced initial drill results from its Fall 2014 diamond drill program at the Blue Hill Creek Gold target, located within Otis' Oakley Gold Project in southeastern Idaho. Five diamond drill holes totaling 1,308m were drilled between August 30th and October 24th, 2014. Three holes intercepted gold mineralization, including 0.691 gpt Au over 123m (BHC14-01), 0.705 gpt Au over 41.1m (BHC14-03) and 0.405 gpt Au over 113.9m (BHC14-04).
Otis Gold Corp. Completes Kilgore Environmental Assessment
Oct 8 14
Otis Gold Corp. announced that the company to provide a permitting update in connection with its filed Plan of Operation to construct approximately 1,200 metres of new roads and conduct drilling at approximately 16 sites into the untested 'North Target' area at the Kilgore Gold Project, Clark County, Idaho. The company is reports that the United States Forest Service has now completed an Environmental Assessment and filed a draft 'Decision Memo and Finding of No Significant Impact'. The completion of this documentation and posting of a Public Notice initiates a 45-day review period. Based on this timeline, Otis expects to receive an approved permit in late November. Road Access Plans: Otis' Plan relates to the proposed construction of approximately 1,200 metres of new access roads to be built within the Caribou-Targhee National Forest. The proposed Plan includes a road network that will host a network of up to 16 drill sites to allow a first stage program of 4,000 to 7,000 metres of reverse circulation drilling slated for 2015. This new drilling may extend and expand the Kilgore Deposit along strike, as the last round of drilling conducted by Otis at the northern end of the deposit encountered +80 m to +100 m intercepts of over 1 g/t gold at the very edge of the drill pattern. Groundwater Study: Additionally, Otis announces the completion of a 12-month baseline study on the characterization of groundwater within and around the Kilgore Deposit. The water samples collected represent baseline conditions at the site. Information collected is essential to forecasting potential ecological impacts from mining. These baseline data become measurements against which future changes are compared, and are important in forecasting potential environmental issues in connection with future mining activities. Constituents in stream water draining the mineralized areas around the Kilgore deposit are geochemically, spatially, and temporally variable. Therefore, a one-year baseline of information is necessary, with water data collected on a monthly basis to factor out short-term fluctuations. Matrix Creek Update: Finally, Otis is pleased to confirm that the previously announced application for a 320 acre Idaho State Lease at its new Matrix Creek target at the Oakley Project, Cassia County, Idaho has now been granted. Further, Otis announced that in connection with 41 new 'Matrix Creek' claims staked by Otis at the Oakley Project. Of these 41 claims, 10 fall within an Area of Mutual Interest negotiated with Radius Gold Inc. in connection with the Blue Hill Creek option agreement announced on July 14, 2014. All claims at Blue Hill Creek and Matrix Creek, within the AMI, are subject to an overriding 2.5% NSR. Otis is in the process of reviewing and assessing data and considering options to develop this emerging target.