Bayswater – Strong Geophysical Targets Discovered

- February 16th, 2010

Bayswater Uranium reports that Otis Gold Corp has received results that indicates the presence of numerous sizeable and geologically significant resistivity anomalies underlying the Dog Bone Ridge gold target area located at the Kilgore gold project, Idaho. The Dog Bone Ridge gold target comprises an extensive area of 242 hectares mostly overlain by an apron of Pliocene-age … Continued

Bayswater Uranium reports that Otis Gold Corp has received results that indicates the presence of numerous sizeable and geologically significant resistivity anomalies underlying the Dog Bone Ridge gold target area located at the Kilgore gold project, Idaho.

The Dog Bone Ridge gold target comprises an extensive area of 242 hectares mostly overlain by an apron of Pliocene-age hot-spring sinter and explosion breccia that caps lithic tuff, the same rock unit that hosts the Company’s nearby Kilgore gold deposit. Of the three CSAMT anomalies associated with historic and significant drill-hole intercepts, the most northerly (Target C1) coincides with Kilgore Gold Company drill holes KG04-02 containing 51.8 m @ 1.25 grams/tonne (“g/t”) gold (“Au”) (see Kilgore Gold Company September 7, 2004 News Release) and KG06-01 with 12.6 m @ 1.57 g/t Au (Otis internal data archives). Within the hole KG04-02 intercept a higher-grade intercept of 3.1 m @ 15.9 g/t Au was reported that coincides directly with the slightly higher resistive core of the anomaly, possibly reflecting a silicified structure. The second, or central, CSAMT anomaly (Target D3) associated with historic drill-hole intercepts coincides with Echo Bay core hole 96EKC-178 that contains 99.4 m @ 0.428 g/t Au and further contains within this intercept higher grade intercepts of 4.6 m @ 2.57 g/t Au, 10.7 m @ 1.51 g/t Au, and 3.1 m @ 2.57 g/t Au (Otis internal data archives). Gold mineralization in these holes is hosted within silicified lithic tuff.

For complete press release, click here.

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