reports
Otis Options Oakley Project to Centerra Gold
Otis Options Oakley Project to Centerra Gold VANCOUVER, British Columbia, March 09, 2020 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to announce that a definitive option agreement (the "Oakley Agreement") has been executed by Centerra Gold Inc. (“Centerra”) to earn up to a 70% interest in the Oakley Property (the “Oakley Project”) in exchange for total exploration expenditures of US$7,000,000 and cash payments to Otis of US$550,000 over a 6 year period. Highlights Centerra can earn a 51% interest in Oakley (the “First Option”) by i...
Otis Significantly Extends Mineralization at Kilgore
Otis Significantly Extends Mineralization at Kilgore VANCOUVER, British Columbia, Feb. 05, 2020 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to announce that results from the Fall 2019 drill program at the Kilgore Project indicates gold mineralization extends to the west and the south of the existing Kilgore Deposit. Specifically, assays from hole 19OKR-384, drilled to the west of the Kilgore Deposit, intercepted 158.5 metres (or “m”) averaging 0.23 grams per tonne (“g/t”) gold (or “Au”) including 51.8m grading 0.48 g/t Au, with gold ...
Federal Court Issues Final Judgement/Order Confirming Good Status of K...
Federal Court Issues Final Judgement/Order Confirming Good Status of Kilgore Permit VANCOUVER, British Columbia, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) reports that Idaho federal district court Judge B. Lynn Winmill issued a final Judgment in Idaho Conservation League et al v. U.S. Forest Service (the “Complaint”) on January 16, 2020 that confirms Otis’ continued legal right to conduct exploration activities, including drilling, at the Kilgore Project, Clark County, Idaho. This Judgment, which is a final step in the court’s...
Kilgore Project Achieves >92% Gold Recoveries
Kilgore Project Achieves >92% Gold Recoveries VANCOUVER, British Columbia, Jan. 08, 2020 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to announce up to 92.6% gold recovery from column leach metallurgical testing of near-surface mineralized volcanic rock at its Kilgore Project. The test samples came from drill hole 17OKC-379, a larger diameter PQ drill hole that contained a true width interval of 120 feet (35.6 metres) with a calculated head grade of 1.49 g/t Au; the PQ core hole was a twin of 17OKC-356. Highlights: Gold extraction of...
Federal Court Confirms Status of Kilgore Plan of Operations
Federal Court Confirms Status of Kilgore Plan of Operations VANCOUVER, British Columbia, Dec. 19, 2019 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to report that Idaho federal district court Judge B. Lynn Winmill issued a decision in Idaho Conservation League et al v. U.S. Forest Service (or “Forest Service”) that confirms Otis’ right to operate under the five year Plan of Operation issued to Otis in 2018 at its Kilgore Project, Clark County, Idaho. Judge Winmill found the Forest Service adequately evaluated the potential environmenta...
Otis Completes Drilling at Kilgore
Otis Completes Drilling at Kilgore VANCOUVER, British Columbia, Dec. 13, 2019 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to announce the completion of drilling operations at its flagship Kilgore Project, Clark County, Idaho. The program comprised 11 reverse-circulation (“RC”) holes totaling 8,415 feet (2,565 metres) and was designed to step-off the current margins of the Kilgore Deposit as defined by the 0.1 g/t gold grade shell (see ). All samples have been delivered to ALS Geochemistry in Elko, Nevada and assay results will be rel...
Otis Gold Hosts Investor Webcast
Otis Gold Hosts Investor Webcast VANCOUVER, British Columbia, Oct. 21, 2019 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is hosting an investor webcast which will be held on Wednesday, October 23, 2019 at 12 pm PST (3 pm EST). This live webcast event will feature Craig Lindsay, President & CEO and Alan Roberts, VP Exploration where they will give an overview of Otis Gold and its ongoing exploration efforts at Kilgore. They will also review the recent PEA and discuss plans for the Oakley project with a Q&A session to follow. Interested parties tha...
Otis Initiates Drilling at Kilgore
Otis Initiates Drilling at Kilgore VANCOUVER, British Columbia, Oct. 16, 2019 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to announce that it has commenced drilling operations at its flagship Kilgore Project, Clark County, Idaho. The drill program, which will comprise up to 14 holes averaging approximately 230 metres in length, is designed to step-off open-ended mineralization at the margins of the Kilgore Deposit. This first phase of drilling is part of a larger 25,000 metre program planned for Kilgore, and is expected to take approx...
Otis Announces Kilgore Drill Program
Otis Announces Kilgore Drill Program VANCOUVER, British Columbia, Oct. 02, 2019 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to announce the initiation of a planned 3,250 metre reverse circulation (“RC”) drill program at its flagship Kilgore Project, Clark County, Idaho. The drilling will be conducted under an approved Plan of Operation, and is the first phase of a larger 25,000 metre exploration program planned for Kilgore. The first phase will comprise of up to 14 holes averaging approximately 230 metres in length, and are designed t...
Otis Closes Oversubscribed Private Placement of $1.3 Million
Otis Closes Oversubscribed Private Placement of $1.3 Million VANCOUVER, British Columbia, Sept. 26, 2019 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to announce the closing of its previously announced non-brokered private placement (see news release dated Aug. 23, 2019). Due to increased investor interest, the financing was oversubscribed and closed on 13,263,500 units at a price of 10 cents per unit for aggregate proceeds of $1,326,350. Each unit consists of one common share of the Company and one-half of a common share purchase war...
Otis Gold Amends and Files Kilgore Preliminary Economic Assessment
Otis Gold Amends and Files Kilgore Preliminary Economic Assessment Post-tax NPV5% of US$110.4 million and IRR of 34.0% VANCOUVER, British Columbia, Aug. 27, 2019 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to announce that further to its news release dated July 30, 2019, the Company has filed on SEDAR a National Instrument (“NI”) 43-101 Preliminary Economic Assessment (or “PEA”) for the Kilgore volcanic- and sediment-hosted epithermal gold deposit, Clark County, Idaho. The PEA as filed contains an amendment of the PEA findings re...
Otis Gold Arranges Private Placement
Otis Gold Arranges Private Placement VANCOUVER, British Columbia, Aug. 23, 2019 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to announce a non-brokered private placement financing of up to 10,000,000 units at a price of $0.10 per unit, for aggregate gross proceeds of up to $1,000,000. Each unit will consist of one common share and one-half of a common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of $.15 per common share for a period of 30 m...
Otis Gold Announces Positive Kilgore Preliminary Economic Assessment
Otis Gold Announces Positive Kilgore Preliminary Economic Assessment Post-tax NPV5% of US$97.6 million and IRR of 32.4% VANCOUVER, British Columbia, July 30, 2019 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to announce the completion of its maiden Preliminary Economic Assessment (or “PEA”) at the Kilgore volcanic- and sediment-hosted epithermal gold deposit, Clark County, Idaho. The PEA utilizes the resource estimate completed in August, 2018 (see Otis news release dated September 28, 2018), and provides a robust economic scenario ...
Otis Reports Q3 Financial and Operating Results
Otis Reports Q3 Financial and Operating Results VANCOUVER, British Columbia, May 21, 2019 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to provide a corporate update and report its financial results for the nine month period ending March 31, 2019. Selected Financial DataThe following selected financial data is derived from our unaudited condensed interim financial statements and related notes thereto (the “Interim Financial Statements”) for the nine months ended March 31, 2019 as prepared in accordance with International F...
Otis Announces Increase in Ownership Interest by Major Shareholder
Otis Announces Increase in Ownership Interest by Major Shareholder VANCOUVER, British Columbia, April 29, 2019 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to report that Mr. C. G. Lee-Barber, the principal of 2nd Half Limited, has acquired an additional 2.0 million shares of the Company in a private transaction. This purchase increases his ownership interest to 13.9% of the issued and outstanding shares of Otis. Mr. Lee-Barber stated: “My confidence level in Kilgore’s development potential was enhanced after reviewing the recent favou...
Otis Reports Favourable Metallurgical Results from Kilgore
Otis Reports Favourable Metallurgical Results from Kilgore VANCOUVER, British Columbia, April 15, 2019 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to announce that metallurgical work conducted at Kilgore on the lower volcanic stratigraphy, referred to as the “Sill Domain”, has returned favourable simulated heap leach gold recovery results of 83.5% on 38mm (1.5”) crush material. Additionally, final gold grades from column leach tests on crushed core show a 59% increase in gold grade. The results continue to demonstrate very favourable ...
Otis Announces Results of AGM
Otis Announces Results of AGM VANCOUVER, British Columbia, Feb. 06, 2019 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to announce the results of its annual general meeting of shareholders held on February 5, 2019. At the Meeting, all resolutions proposed in the Company’s Information Circular dated December 31, 2018 were accepted by Company shareholders, including the election of Messrs. Craig Lindsay, Roger Norwich, Don Poirier, Donald Ranta, Tim Miller and Sean Mitchell as directors. At the meeting, the shareholders also approved the ...
Otis Lays Foundation For Exciting 2019
Otis Lays Foundation For Exciting 2019 VANCOUVER, British Columbia, Jan. 16, 2019 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) is pleased to provide the following corporate update. This past year was eventful, and included a number of significant achievements at both our Kilgore and Oakley projects as well as at the corporate level. These milestones have laid the foundation for what we expect to be an active and successful year for the Company in 2019. Corporate Milestones In April 2018, we hired Mr. Alan Roberts, CPG, as our Vice President, Exp...
Otis Raises $500,000 Through Sale of Non-Core Asset
Otis Raises $500,000 Through Sale of Non-Core Asset VANCOUVER, British Columbia, Dec. 12, 2018 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to announce that it has raised a total of $502,500 through the sale of its remaining 750,000 common shares of Revival Gold Inc. (“Revival”). Following the sale, Otis retains exposure to Revival through a 1.0% net smelter royalty on 16 federal lode mining claims totaling approximately 331 acres of what is known as the Arnett Creek Project, Lemhi County, Idaho. The royalty is subject to a US$2 millio...
Otis Provides Additional Oakley Project Exploration Results
Otis Provides Additional Oakley Project Exploration Results VANCOUVER, British Columbia, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) is pleased to announce additional results from its recently completed 2018 exploration program at the Oakley Project (or “Oakley”), Cassia County, Idaho. Surface geochemical studies consisting of rock outcrop mapping, rock-chip sampling, and soil surveys, have identified several areas of mineralized outcrop and soils with significant gold and silver results at both the Blue Hill Creek and Emery Creek targets. Assa...
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