- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Otis Gold has announced the initiation of a planned 3,250 metre reverse circulation drill program at its flagship Kilgore project located in Clark County, Idaho.
Otis Gold (TSXV:OOO,OTC:OGLDF) has announced the initiation of a planned 3,250 metre reverse circulation drill program at its flagship Kilgore project located in Clark County, Idaho.
As quoted from the press release:
The drilling, expected to take approximately 45 days, will be conducted by Alford Drilling, LLC of Butte, Montana, using an Explorer 1500 tire mounted “buggy” reverse circulation drill rig; results will be released when available.
In keeping with Otis’ philosophy of implementing best exploration practices, the Fall 2019 drill program has been designed to keep environmental disturbance to a minimum. This includes the selection of state-of-the-art reverse circulation technology that reduces the water requirement as well as reducing additive use, while the use of face-sampling center return drill bits will maximize and optimize sample quality. Three-dimensional modeling software was used to review and relocate drill holes to reduce the need for additional new road construction; since filing the original Plan of Operation, the relocation of drill sites resulting from advanced modeling has removed several hundred metres of new road construction.
Otis President & CEO, Craig Lindsay, stated: “We are very excited to have recently raised C$1.3 million in an oversubscribed private placement to fund this drill program. The imminent start of exploration drilling is the beginning of a new phase at Kilgore that will be marked by extension and expansion of the current resource, combined with ongoing targeting of newly discovered areas of near surface gold occurrences.”
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.