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Otis Gold Significantly Extends Mineralization at Kilgore

Mining News - Published on Thu, 13 Feb 2020

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Otis Gold Corp announced 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 averaging 0.23 grams per tonne gold including 51.8m grading 0.48 g/t Au, with gold mineralization beginning at the surface. Hole 19OKR-381, drilled to the south of the Kilgore Deposit, intercepted 49m grading 0.13 g/t Au and 2.08 g/t silver.

Drill Highlights
Hole 19OKR-384 intercepted 158.5m (520ft) averaging 0.23 g/t Au, including 51.8m averaging 0.48 g/t Au
The grade of mineralization is consistent with the Run-of-Mine head grade of 0.24 g/t modelled in the Kilgore Preliminary Economic Assessment released in August 2019
Mineralization in 19OKR-384, which is hosted within altered lithic tuffs and consistent with 85% of the known mineralization at Kilgore, begins at surface and extends to a drilled depth of 158.5 metres
Combined with historic drilling located approximately 200m to the west of the Kilgore Deposit, this hole confirms the potential to add a block of mineralized material approximately 500m long by 150m wide, and up to 100m thick.
This zone represents a high-priority target for the next round of drilling at Kilgore.
Hole 19OKR-381 intercepted 48.7m (160ft) averaging 0.13 g/t Au and 2.08 g/t Ag and is located approximately 400m south of the existing Kilgore Deposit in a target area known as Prospect Ridge
This hole confirms a historic pre-NI 43-101 drill intercept of 91.4m (300ft) averaging 0.51 g/t Au
Hole 19OKR-387 encountered an interval in the bottom of the hole that returned 4.5m (15ft) averaging 41.7 g/t Ag.
The silver mineralization was hosted by strongly altered Aspen sandstone indicating significant potential for follow-up exploration drilling.

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Posted By : Rabi Wangkhem on Thu, 13 Feb 2020
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