Otis Commences 10,000 Metre Drill Program at Kilgore
June 14, 2011
Vancouver, B.C. – Otis Gold Corp. ("Otis" or the "Company") is pleased to announce the approval by the US Forest Service – Caribou Targhee National Forest of the first phase of its 10,000-metre, 48-core hole drilling program at its flagship Kilgore Gold Project, Clark County, Idaho. Phase one drilling will be conducted at the existing Mine Ridge deposit and Prospect Ridge target area, and will comprise approximately 7,900 metres spread over 37 core holes. Drilling will commence approximately June 21, 2011.
Drilling at Mine Ridge is primarily intended to expand the known mineralization through step-out drilling; at present, Mine Ridge remains open in at least four directions (see Otis News Release dated April 6, 2011). The planned program at Mine Ridge totals 4,450 metres spread over 21 core holes.
Drilling at Prospect Ridge, which lies along the southeasterly strike extension of the Mine Ridge deposit and is proximate to it, is intended to test for an extension of Mine Ridge mineralization. The current target is 700 metres long by 200 metres wide, and is characterized by five scattered historic drill holes and two Otis 2010 drill holes that contain ore-grade intercepts. Collectively, these intercepts define a northwest-trending zone of gold mineralization that cuts through a rhyolite dome and its periphery just southeast of and adjacent to the Mine Ridge deposit. Scattered intercepts within this new target that help define it and require offsetting include 15.2 m @ 1.27 grams per tonne gold (g/t Au) in Echo Bay hole 96-EKC-180, 24.4 m @ 1.58 g/t Au in Pegasus Gold hole 93 PK-49, and 76.0 m @ 0.77 g/t Au that includes 13.7 m @ 2.88 g/t Au in Otis core hole 10 OKC-221. Part of the Prospect Ridge target coincides with an IP low geophysical anomaly, as does the Mine Ridge deposit. The planned program at Prospect Ridge totals 3,450 metres spread over 16 core holes.
Approval of the Company's drill plan was granted by the U.S. Forest Service – Caribou-Targhee National Forest on June 6, 2011, only four weeks after the date of its submission. Timberline Drilling Inc., Coeur d'Alene, Idaho, will be conducting the HQ-size core drilling employing two Sandvik DE140 core drills, with the first drill scheduled to arrive on site June 18 and the second to arrive approximately one week thereafter. Results from the drilling will be released as they become available.
Permitting for helicopter-supported drill programs at the Dog Bone Ridge and Gold Ridge target areas, which will total an additional 2,100 metres spread over 10 core holes, will be submitted later this summer after Otis' second Plan of Operation is approved on these two targets.
John R. Carden, Ph.D., P. Geo., a Qualified Person (QP) 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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