Otis Initiates Drilling at Kilgore Dog Bone Ridge Target
September 15, 2010
Vancouver, B.C. - Otis Gold Corp. (“Otis” or the “Company”) is pleased to announce that it has initiated a five-hole, 2,000-metre, core drilling program at its Dog Bone Ridge gold target, located 1,400 metres west of the Company’s Kilgore “Mine Ridge” gold deposit, Clark County, Idaho. Otis is drilling Dog Bone Ridge with the intent of identifying a new, potentially bulk-mineable deposit that lies near and is possibly related to the Company’s flagship Kilgore gold deposit (Otis October 7 and December 16, 2009, and March 23 and September 8, 2010 News Releases). The drilling is designed to test four, sizeable Controlled Source Audio-Magneto Telluric (CSAMT) geophysical anomalies delineated in the target area by Otis during the Fall of 2009, two of which correspond with significant historic bulk-tonnage and/or high-grade gold intercepts, which have never been offset and are outlined below. Gold mineralization in these historic holes is intimately associated with diking, just as it is at “Mine Ridge.”
Of the five CSAMT anomalies that underlie the Dog Bone Ridge target area, only two contain limited historic drilling. Of these two anomalies, the most northerly, Target 1, contains core hole, KG-04-02, drilled by Kilgore Gold in 2004. This hole intercepted 51.8 m @ 1.25 g/t Au and will be offset in several directions to determine geometry and continuity of the gold mineralization. One historic Echo Bay drill hole (96-EKC-178), that penetrated a weak portion of the high resistivity CSAMT anomaly at Target 3, intercepted 99.4 m @ 0.43 g/t Au. This hole will be offset 300 m to the east in the main portion of the anomaly. The two remaining high priority CSAMT anomalies, to be tested by Otis, contain no historic drilling. Locations of Otis’ five planned holes are shown on a drill-hole location map available on the Otis Gold Corp. website at www.otisgold.com/projects/kilgore/.
The Dog Bone Ridge HQ3-size core drilling is being performed by Timberline Drilling, Inc., Coeur d’Alene, Idaho, employing a Sandvik DE-140 core drill outfitted with a triple-tube core recovery system and face-discharge bits. Drilling is being conducted on a full-time, around-the-clock basis, with all results anticipated to be reported by the end of the year.
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 is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Gold Project, Clark County, Idaho.
ON BEHALF OF THE BOARD
“Craig T. Lindsay”
President and CEO
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This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.