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Otis Gold advances after announcing assay results from another nine core holes

Shares in Otis Gold Corp (CVE:OOO) advanced after it announced assay results for nine core holes from its drill programme at the Kilgore project.

Seven holes encountered significant bulk-tonnage intercepts highlighted by 86.8 metres (m) grading 1.05 grams per tonne gold (g/t Au) in hole 17 OKC-366, 137.2 m grading 0.91 g/t Au in hole 17 OKC-374, 71.6 m grading 1.05 g/t Au in hole 17-OKC 376, and 118.9 m grading 1.41 g/t Au in hole 17 OKC-377.

Otis said the primary goal of the drill program was to follow-up on open-ended drilling at depth and laterally as infill on drill intercepts from 2015 and 2016, primarily in the prospective Late Cretaceous Aspen Formation sedimentary host unit within and along the “Aspen Corridor”.

Intercepts were as follows

Hole ID Depth
(metres)
Azimuth/Angle Section From
(m)
To
(m)
Width
(m)
Au
(g/t)
Host
17 OKC-363 341.4 50˚/-75˚ 11,600 N No Significant Values
17 OKC-365 334.7 230˚/-65˚ 11,700 N 70.1 73.2 3.1 1.22 Sill
93.0 123.4 30.4 0.68 Sill & Aspen
134.1 172.2 38.1 0.69 Aspen
17 OKC-366 334.7 -/-90˚ 12,100 N 16.8 36.6 19.8 0.47 Rhyolite
141.7 151.1 9.4 1.53 Sill
181.4 268.2 86.8 1.05 Aspen
17 OKC-368 337.7 230˚/-65˚ 12,000 N 46.6 67.4 20.8 0.56 Tuff, Aspen
123.1 146.0 22.9 0.48 Sill & Aspen
187.6 206.7 19.1 0.59 Aspen
17 OKC-370 333.1 230˚/-80˚ 12,000 N 57.3 64.9 7.6 0.59 Tuff
109.1 121.6 12.5 0.43 Sill
138.1 224.9 86.8 0.76 Aspen
232.6 235.6 3.0 0.63 Aspen
246.3 258.0 11.7 1.15 Aspen
17 OKC-372 304.8 -/-90˚ 11,900 N 57.9 62.5 4.6 0.50 Sill & Aspen
105.2 135.6 30.5 0.78 Sill & Aspen
169.2 172.2 3.0 0.94 Aspen
192.0 221.0 29.0 0.71 Aspen
17 OKC-374 301.1 230˚/-75˚ 11,900 N 109.1 246.3 137.2 0.91 Sill & Aspen
282.9 289.1 6.2 0.80 Aspen
17 OKC-376 276.8 230˚/-75 12,100 N 109.7 189.0 79.3 0.79 Sill & Aspen
204.2 275.8 71.6 1.05 Aspen
17 OKC-377 282.9 -/-90˚ 12,100 N 103.6 113.6 10.0 0.30 Sill
121.3 240.2 118.9 1.41 Aspen


Otis has now released results from 24 exploration holes drilled in 2017. The 25th hole drilled in the 2017 work program was designed for metallurgical testing purposes. Results of column leach and other testing on this hole will be released upon completion of the studies.

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