Otis Gold Samples 16.5 Metres Grading 237 G/T Silver at Buckhorn Property
December 17, 2009
Vancouver, B.C. - (“Otis” or the “Company”) is pleased to announce that it has received the results of a trench sampling program at its Buckhorn Silver Property located 36 miles south of Salmon, Idaho. The trench is cut across the strike of a 2.7-km-long range-front fault structure. Chip-channel samples were cut normal to the strike of the gossanous structure and analyzed for silver and base metals. Highlights of the sampling include 16.5 m grading 236.6 grams per tonne silver (g/t Ag), further including a 5.8 m section assaying 462.9 g/t Ag.
Based on this sampling program and the results of the magnetic survey, the Company has recently staked an additional 21 claims (bringing its claim total to 41) and acquired an Idaho state lease along the range-front fault, bringing the total area under control to 340 hectares. The Company is in the process of permitting a series of drill holes that will be placed along the structure that controls mineralization.
The Buckhorn Property is a precious and base metal manto or Leadville-type replacement target that could contain significant grades of primary mineralization below the zone of oxidation. A Tertiary intrusive stock, cropping-out on the property, may have acted as a heat engine for the emplacement of mineralizing hydrothermal fluids along the strike of the fault.
Otis Chief Geologist Mitch Bernardi states: “This sampling program now confirms Otis’ initial grab samples that contain up to 900 g/t silver with substantial lead and zinc credits. The mapped range-front fault structure seems to control the mineralization extending away from the 360 metres of underground workings that exist at the core of the property.”
Otis’ geochemical samples were collected and submitted to the ISO accredited laboratories ALS Chemex and American Assay Labs for base and precious metal analysis. Silver was analyzed by fire assay with an AA finish.
Additionally, Otis reports that it is currently drilling its 12th hole at the Company’s ongoing Kilgore Gold Project, Clark County, Idaho. To date in 2009, a total of 3,100 metres of drilling has been completed. Drill results are being released as they are received, analyzed, and interpreted (Otis Gold Corp. News Release dated December 15, 2009).
John R. Carden, Ph.D., Lic. Geo., a Qualified Person as defined by National Instrument Policy 43-101, is responsible for the technical information contained in this News Release.
About the Company
Otis currently owns five precious metal projects located in Idaho and Nevada, two of which (the Kilgore Gold Project and the Oakley Gold Project) contain National Instrument Policy 43-101 compliant resources totaling in excess of 700,000 ounces of gold.
ON BEHALF OF THE BOARD
“Craig T. Lindsay”
President and CEO
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