Mining Weekly: As gold rises, life becomes 'interesting' for Otis with million-ounce-plus potential

A recent article MiningWeekly.com spoke with Otis Gold Corp. (TSXV:OOO) President Craig Lindsay.
As quoted in the article:

In light of the bolder gold price in recent months, gold majors looking for their next growth projects now have an ideal window in which to secure future growth projects, before institutional investors once more become bullish on mining prospects and send share prices higher, says Otis Gold CEO Craig Lindsay.
“My life these days is a little more interesting,” he quipped, pointing to renewed interest in the project from potential suitors, bolstered by a 15% higher gold price so far this year. “We have uncovered a district story,” he added.
Kilgore had a current indicated resource comprising 520 000 oz of gold grading 0.59 g/t and inferred resources of 300 000 oz gold at 0.46 g/t. Lindsay explained that the grade and thickness displayed excellent overall continuity of mineralisation and lent itself to openpit exploitation, with a low strip ratio estimated at 1.5:1 or less.
The company this summer planned to drill 6 200 m over 30 holes on priority targets with infill on Crab Claw, as well as stepout targets, while testing the deeper potential of the underlying orebodies. Lindsay said the company would have to raise money for that to happen.
Otis expected to update the resource by November and to complete a preliminary economic assessment on Kilgore by Spring 2017. The company’s TSX-V-listed stock on Friday rose to a new 12-month high at C$0.19 apiece, having gained 55% since the start of the year.

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