Otis Acquires Cold Creek Gold Project
October 14th, 2008Otis Capital Corp. (‘Otis’ or the ‘Company’) is pleased to announce the acquisition, via staking, of the Cold Creek Gold Project (‘Cold Creek’), an intermediate-stage, epithermal hot spring-type precious metals exploration target located in Cassia County, Idaho. Cold Creek comprises 53 unpatented federal lode mining claims located approximately 6 miles north of the Company’s existing Blue Hill Creek Gold Project. Work presently being conducted at Cold Creek, and concurrently at Blue Hill Creek, includes detailed geological mapping and geochemical sampling and a ground-based CSAMT survey. Additionally, the Company is in the process of acquiring additional land located in the area of the two projects that effectively creates a district-wide play encompassing approximately 1,500 to 2,000 acres. Read full Press Release here.
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