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Last C$0.03 CAD
Change Today 0.00 / 0.00%
Volume 17.0K
As of 12:50 PM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

otis gold corp (OOO) Snapshot

Open
C$0.03
Previous Close
C$0.03
Day High
C$0.03
Day Low
C$0.03
52 Week High
04/10/14 - C$0.12
52 Week Low
12/29/14 - C$0.03
Market Cap
1.6M
Average Volume 10 Days
12.8K
EPS TTM
C$-0.0010
Shares Outstanding
62.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for OTIS GOLD CORP (OOO)

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otis gold corp (OOO) Details

Otis Gold Corp. is engaged in the acquisition, exploration, and development of precious metal properties in Idaho, the United States. It explores for gold and silver deposits. The company principally holds a 100% interest in the Kilgore gold project that consists of 232 federal lode mining claims covering an area of 5,130 acres and is located in Clark County, Idaho. Otis Gold Corp. is headquartered in Vancouver, Canada.

otis gold corp (OOO) Top Compensated Officers

Chief Executive Officer, President, Secretary...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

otis gold corp (OOO) Key Developments

Radius Gold Announces Initial Drill Results from its Fall 2014 Diamond Drill Program

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

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.

Otis Gold Corp. Stakes New Matrix Creek Silver-Gold Target at Oakley

Otis Gold Corp. announced that it has recently staked 41 Federal lode-mining claims to cover its new Matrix Creek silver-gold target that is located within its larger Oakley Project, Cassia County, Idaho. In addition to these claims, the company has applied for a 320-acre state lease with the Idaho Department of Lands. This increases Otis' total land holdings at Oakley to 2,350 acres. Matrix Creek is a detachment-related silver-gold target located approximately 1 mile southeast of the company's Blue Hill Creek target, which is currently optioned to Radius Gold Inc. and contains an historic Inferred 235,000 ounce gold resource. The new Matrix Creek claims are owned 100% by Otis and are not subject to terms of the recent agreement with Radius. The Oakley Project is located 13 miles south of Oakley, Idaho and 2-miles north of the Idaho-Utah state line on the west flank of the Albion Metamorphic Core Complex. Bulk-tonnage silver-gold mineralization crops out in a Black Matrix Breccia (BMB) within the Matrix Creek detachment fault zone cutting Paleozoic quartzite. Outcropping mineralization is contained within stacked sheets between 5- to 15-metres-thick and is exposed along the ridge of a large synclinal fold over a surface area approximately 200 metres by 350 metres. This mineralization comprises a brecciated structural zone along the northern limb of the fold. Fourteen rock-chips of BMB outcrop collected along the ridge contain significant silver-gold mineralization. The samples contain up to 306 g/t Ag and up to 1.34 g/t Au, with all 14 samples averaging 70.4 g/t Ag and 0.55 g/t Au. The equivalent gold grade of the 14 samples is 1.67 g/t Au. Preliminary 48-hour bottle-roll results performed by ALS Chemex Labs in Vancouver, B.C., suggest that the gold is up to 82% recoverable and that the silver is up to 93% recoverable.

 

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