Otis Gold Provides Geologic And Corporate Update

Otis Gold Corp. (TSXV:OOO) announced the following update.
As quoted in the press release:

Since the release of the Company’s news detailing results from our Fall 2015 drill program (see Otis News Release dated January 14, 2016), where bulk-tonnage intercepts ranging from 50.3 to 100.5 (m) thick and grading from 0.57 to 4.24 grams per tonne (g/t Au) were intersected at the Kilgore Gold Project (“Kilgore”), Otis has focused on:

• updating the geological model at Kilgore to reflect the new results and our understanding of the geology;
• developing a drill program targeted at capitalizing on promising opportunities to potentially increase the size and grade of the Kilgore Deposit; and
• initiating various corporate development initiatives to create better awareness of Otis in the market amongst investors and potential partners.

Our geologic review has resulted in a significantly better understanding of the Fall 2015 drill results and their importance for the potential expansion of both the size and grade of the Kilgore Gold Deposit. As background, in the Fall of 2015 Otis conducted a 3,267 m drill program consisting of 19 holes designed to test the northern extension of the existing Kilgore Deposit, where step out drilling in 2011 and 2012 encountered multiple drill intercepts ranging from 82.3 to 118.3 m in thickness and having grades ranging from 0.57 to 1.12 g/t Au.
The Fall 2015 drill program, which was designed to follow up on the successful 2011 and 2012 drill programs, successfully encountered bulk-tonnage intercepts in what is referred to as the Crab Claw, a large and previously untested gap on the west end of the Kilgore Deposit. Noteworthy intercepts of significant thickness and grade include:

• 56.4 m of 2.05 g/t Au in hole 15 OKR-304 (ended in mineralization)
• 59.5 m of 3.79 g/t Au in hole 15 OKR-305
• 50.3 m of 4.24 g/t Au in hole 15 OKR-308 (ended in mineralization)
• 94.5 m of 4.21 g/t Au in hole 15 OKR-309 (ended in mineralization)

Other similarly thick, but lower-grade intercepts, include:

• 100.5 m of 0.60 g/t Au in hole 15 OKR-296
• 100.0 m of 0.57 g/t Au in hole 15 OKR-302 (ended in mineralization)
• 51.8 m of 0.64 g/t Au in hole 15 OKR-309 (ended in mineralization)

Otis President and CEO, Craig Lindsay, stated:

We remain very optimistic about the prospects for growing the size of the Kilgore Deposit, and, in the future, beginning the process, on a parallel basis, of exploring the many other geologic targets that exist at Kilgore. This is one of the most exciting times we have experienced at Otis, and the entire team is energized about capitalizing on this potential that we see emerging at Kilgore. I want to take this opportunity to thank our shareholders for their continued support and enthusiasm for the Company.

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