Otis Gold Corp. strives to unlock shareholder value through resource discovery and development. Otis is well funded and our experienced technical team is focused on continuing to increase the grade and size of the gold deposit at the Kilgore Project through significant exploration activities.
New 5-year permits received in 2018, will allow a significant amount of flexibility to aggressively test new exploration targets and to expand the gold resources at Kilgore. A specific exploration program for 2019, which includes expansion drilling and drill testing targets both within and external to the current project boundaries (Gold Ridge, Prospect Ridge and Dog Bone Ridge), will be finalized before commencement of drilling.
Craig Lindsay, Otis President & CEO, stated: “Otis is at a critical juncture in the development of the Kilgore Project. While significant growth potential exists at the current deposit, which will remain a critical focus of future drilling, exploration outside of the existing deposit area has the potential to quickly take Kilgore to the next stage.”
Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to announce a non-brokered private placement financing of up to 10,000,000 units at a price of $0.10 per unit, for aggregate gross proceeds of up to $1,000,000.
Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to announce the completion of its maiden Preliminary Economic Assessment (or “PEA”) at the Kilgore volcanic- and sediment-hosted epithermal gold deposit, Clark County, Idaho.