Otis Gold Corp

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Otis Gold Corp. ("Otis" or the "Company") is focused on the discovery, exploration and development of precious metals deposits in Idaho. Otis’s management and technical team has a proven track record of discovering and developing quality assets and unlocking shareholder wealth through the drill b...

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Otis Gold Corp

lockPrivateGroup

Otis Gold Corp. ("Otis" or the "Company") is focused on the discovery, exploration and development of precious metals......

people6 Members       (0)

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8020 Admin

28 days

8020 Admin posted a press release Otis Reports Q3 Financial and Operating Results in OTIS GOLD CORP

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 Data
The 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 Financial Reporting Standards (“IFRS”). The amounts reported herein are in Canadian dollars.


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=OOO%3ACC&qmodStoryID=8609741338089847 

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8020 Admin

2 months

8020 Admin posted a press release Otis Announces Increase in Ownership Interest by Major Shareholder in OTIS GOLD CORP

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 favourable metallurgical results. I also look forward to further work at the emerging Oakley Project.”


Craig Lindsay, Otis President & CEO, stated: “We are pleased to receive this support and consider it a strong endorsement of our business plan. We are very appreciative of our supportive group of shareholders despite a difficult precious metals market environment.”


About the Company 
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Project, located in Clark County, Idaho and the Oakley Project, located in Cassia County, Idaho.


ON BEHALF OF THE BOARD


“Craig T. Lindsay”


President & CEO


For additional information, please contact:


Mr. Tony Perri – Corporate Development 
Tel: (604) 424-8100  Email:  tony@otisgold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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8020 Admin

2 months

8020 Admin posted a press release Otis Reports Favourable Metallurgical Results from Kilgore in OTIS GOLD CORP

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 metallurgy at Kilgore, and the increase in recovered gold grade confirm that gold grades in the existing resource are potentially under-reported.


Highlights of the metallurgical testing results are as follows:



  • Bottle roll leach tests on Sill Domain material achieved gold extractions averaging 86.4% at 10 mesh, and 93.0% at 200 mesh;

  • Column leach test results from Sill Domain material show 74.8% gold recovery from 12.5mm (0.5”) crushed core, and 83.5% gold recovery from 38mm (1.5”) crushed core. The 38mm crushed core leached slower but has higher overall gold extraction; and

  • Final gold test grades from Sill Domain material show a 59% increase, with calculated final grades returning up to 1.42 g/t Au from initial head assay test grades of 0.89 g/t Au.


Read more here:  https://quotemedia.com/portal/quote?qm_symbol=OOO%3ACC&qmodStoryID=7127899105985048 

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8020 Admin

4 months

8020 Admin posted a press release Otis Announces Results of AGM in OTIS GOLD CORP

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 re-appointment of D+H Group LLP as the Company’s auditor and the renewal of the Company’s 10% rolling stock option plan.


About the Company
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Project, located in Clark County, Idaho and the Oakley Project, located in Cassia County, Idaho.


ON BEHALF OF THE BOARD


“Craig T. Lindsay”


President & CEO


For additional information, please contact:


Mr. Tony Perri – Corporate Development
Tel: (604) 424-8100  Email:  tony@otisgold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.

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8020 Admin

5 months

8020 Admin posted a press release Otis Lays Foundation For Exciting 2019 in OTIS GOLD CORP

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, Exploration. Alan has brought a significant amount of global exploration experience in epithermal gold deposits, most recently as exploration manager at the Castle Mountain Mine in California.

  • In November and December, Otis successfully completed the sale of 2.75 million common shares of Revival Gold Inc. (or “RVG”) in a series of private transactions. The sale generated approximately $1.8 million in non-dilutive financing to fund ongoing exploration and overhead expenses. Otis retains a 1% NSR on certain claims owned by RVG at what is known as the Arnett Creek Project.


Kilgore Project Milestones



  • An updated NI 43-101 Resource Estimate was released for Kilgore comprising an Indicated resource of 825,000 ounces of gold at an average grade of 0.58 g/t Au in 44.6 million tonnes and an Inferred resource of 136,000 ounces of gold at an average grade of 0.45 g/t Au in 9.4 million tonnes (see News Release dated August 14, 2018). This represented a 59% increase in the indicated ounces to the previous resource estimate and without having the ability to step-out drill due to the previous exploration permit.

  • In August, a new five-year Plan of Operations was approved by the US Forest Service to conduct project-wide exploration, which allows flexibility for step-out/expansion drilling at the Kilgore Deposit and exploration drilling at emerging targets such as Prospect Ridge, Gold Ridge and Dog Bone Ridge. 

  • Otis completed a systematic soil sampling program on the Gold Knob Claims, part of an emerging exploration target on the Kilgore Caldera arc approximately 18 kilometres from the existing Kilgore Deposit. Results from this sampling program will be released shortly.

  • Metallurgical testing of near-surface, mineralized Tertiary volcanic rock and mineralized Cretaceous sedimentary rock is ongoing to assess the potential for “run of mine” processing at the Kilgore Deposit. The studies are being conducted by RDI Minerals and supervised by Global Resource Engineering, both in Denver, Colorado.

  • Our exploration and field operations facilities were consolidated from three separate sites in Spokane, Washington and St. Anthony, Idaho to a single facility in Dubois, Idaho that includes core storage, office space, a bunkhouse and ample space for field support activities.  This further establishes Otis’ presence in and commitment to working with the local community of Dubois, and Clark County, Idaho. The move has increased data accessibility and resulted in significant costs savings.

  • A drill program and aerial LiDAR survey planned for Fall 2018 was postponed to 2019.


Oakley Project Milestones



  • A total of 475 soil and 140 rock samples were collected at the Blue Hill Creek target in 2018. This work demonstrated a continuation of mineralization from Matrix Creek northwest along trend to Blue Hill Creek. Additionally, certain rock samples were identified which contained gold and silver mineralization that appear similar to the detachment style of surface mineralization seen at the adjacent Matrix Creek target (see Otis News Release dated November 4, 2018).

  • A total of 651 soil and 231 rock chip samples were collected at the Cold Creek target, which successfully identified a 3.5 km by 0.5 km trend of anomalous gold and silver mineralization (see Otis News Release dated November 13, 2018).

  • A total of 235 soil samples were collected at Emery Creek which contained anomalous gold and silver values up to 0.14 ppm Au and 1.02 ppm Ag. This work confirmed a mineralized zone stretching 11 kms between Cold Creek at the northern end of the property to Blue Hill Creek at the south.

  • As a result of the exploration results achieved, the land position at Oakley was increased by 1,600 acres via a combination of State lease applications and the staking of federal lode mining claims.       


Going Forward
With a growing land package at Kilgore and Oakley that contains a blend of open-ended gold resources and exciting new exploration targets, Otis is well-positioned to capitalize on renewed interest in the gold sector. In 2019, Otis has planned an aggressive integrated exploration program that includes:



  • A drill program targeting resource expansion at the existing Kilgore Deposit, a further resource update and the initiation of a maiden PEA.

  • A drill program at Oakley that includes exploration holes at Cold Creek, Blue Hill Creek and Matrix Creek.

  • On a parallel course, additional field work, including an aerial LiDAR survey, is planned to better define drill targets at Prospect Ridge, Gold Ridge, Gold Knob and Dog Bone Ridge at the Kilgore Project, as well as at the Cold Creek, Emery, Blue Hill Creek and Matrix Creek claims at Oakley.


Otis is actively reviewing various strategic options to enhance the Company that may include, among other things, potential joint venture and acquisition transactions.  Management recognizes that market conditions may remain challenging in the gold sector in the near term, and corporate plans are contingent on, but not limited to, access to financing at terms reasonable to the Company. That said, the Company has a strong and supportive investor base and remains confident in its business. 


Otis President & CEO, Craig Lindsay, stated: “We are very optimistic about our business prospects going forward. We do recognize that the recent complaint filed in connection with our Kilgore Project, which was documented in a news release dated November 19, 2018, has raised some concerns amongst our shareholder base. As an update, based on discussions with our legal counsel and permitting consultant, we are confident the complaint is without merit and will be resolved in favour of the US Forest Service. In the interim, our permit remains in good standing and we are authorized to commence exploration work in July as per our approved Plan of Operation. As a final note, I want to be clear that Otis is committed to conducting exploration activities at all our projects utilizing industry best practices, and that minimizing our environmental footprint has, and always will be, a critical foundation of our exploration programs.”
             
About the Company 
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Project, located in Clark County, Idaho and the Oakley Project, located in Cassia County, Idaho.


ON BEHALF OF THE BOARD


“Craig T. Lindsay”


President & CEO


For additional information, please contact:


Mr. Tony Perri – Corporate Development 
Tel:  (604) 424-8100  Email:  tony@otisgold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


The forward-looking information contained in this press release is made as of the date hereof and Otis undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.


This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.

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8020 Admin

6 months

8020 Admin posted a press release Otis Raises $500,000 Through Sale of Non-Core Asset in OTIS GOLD CORP

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 million buyback option in favour of Revival. The sale of these shares provides non-dilutive capital to fund the ongoing development of the Kilgore and Oakley Projects and for general working capital purposes. The shares in Revival were received in June 2017 as partial compensation for the sale of two non-core claim blocks known as the Hai and Gold Bug Projects (see Otis News Release dated June 30, 2017), and the area is currently subject to an ongoing drilling program by Revival (see Revival News Release dated Dec. 4, 2018).


Otis President and CEO, Craig Lindsay, stated: “Over an 18-month period we converted 16 non-core mining claims into total cash of approximately $1,900,000, and still retain exposure going forward to the exciting Arnett Creek project in the form of a net smelter royalty. We will closely follow Revival’s ongoing progress at Arnett Creek, and wish them well in their development activities.”


About the Company  
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Project, located in Clark County, Idaho and the Oakley Project, located in Cassia County, Idaho.


ON BEHALF OF THE BOARD


“Craig T. Lindsay”


President & CEO


For additional information, please contact:


Mr. Tony Perri – Corporate Development  
Tel:  (604) 424-8100  Email:  tony@otisgold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the 
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.

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8020 Admin

7 months

8020 Admin posted a press release Otis Provides Additional Oakley Project Exploration Results in OTIS GOLD CORP

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. Assay results from rock chip samples include gold values up to 1.75 g/t gold (or “Au”) and silver values up to 105.0 g/t silver (or “Ag”). Blue Hill Creek contains an existing Inferred Resource of 163,000 ounces gold in 9.97 million tonnes at a grade of 0.51 g/t Au (see Otis Technical Report dated August 8, 2016); Emery Creek is an early stage exploration target.


























Oakley Project - Emery Creek claims Au Soil Results
  Oakley Project - Emery Creek claims Au Soil Results






















Oakley Project - Emery Creek claims Ag Soil Results
  Oakley Project - Emery Creek claims Ag Soil Results






















Oakley Project - Regional Geology map
  Oakley Project - Regional Geology map






















Oakley Project – 2018 Rock and Soil Au Results
  Oakley Project – 2018 Rock and Soil Au Results






















Oakley Project – 2018 Rock and Soil Ag Results
  Oakley Project – 2018 Rock and Soil Ag Results






















Oakley Project – Blue Hill Creek 2018 Rock and Soil Au Results
  Oakley Project – Blue Hill Creek 2018 Rock and Soil Au Results






















Oakley Project – Blue Hill Creek 2018 Rock and Soil Ag Results
  Oakley Project – Blue Hill Creek 2018 Rock and Soil Ag Results






















Oakley Project Land Tenure map
  Oakley Project Land Tenure map





Soil sample results at Blue Hill Creek indicate a continuation of the northwest trending Au and Ag anomaly observed at the Matrix Creek claims located to the East-Southeast (see Otis Gold news release dated May 3, 2018) of Blue Hill Creek, where a zone of high silver values in soils has been identified in an area approximately 3.5kms long.


Geochemical and structural data collected from the 2018 field season is being reviewed and incorporated into a 3D model for Blue Hill Creek to develop drilling targets for permitting (Figures 1 & 2: Blue Hill Creek Au & Ag in Rocks & Soils maps).  Earlier this year Otis expanded its land position between the Blue Hill Creek and Emery Creek claims by applying for 960 acres of State Leases from the Idaho Department of Lands (Figure 3: Land Tenure Map). The application for additional lands will connect the two targets into a single continuous land package.


The Blue Hill Creek and Emery Creek targets contain gold-silver epithermal hot spring-type alteration and mineralization. This is predominantly hosted in the Tertiary Salt Lake formation (Tcg), a series of epiclastic sedimentary rocks, ash layers and tuffaceous volcanic rocks; work conducted in 2018 also shows occurrences of mineralized Palaeozoic sedimentary rocks. The Tcg underlies the majority of the Blue Hill Creek property and is the primary target for exploration at Cold Creek.


Otis Vice President of Exploration, Alan Roberts, states, “This year’s work at Blue Hill Creek extends and builds upon the mineralization observed in past drilling, as well as at surface, and as indicated from soils collected at Matrix Creek in 2017.  The surface geochemistry from the Emery Creek target shows potential for subsurface mineralization. Gold and silver found within altered Palaeozoic sediments point to surface areas for follow-up as well as the development of a significant drill program to test the detachment structures at depth. These results combined with those reported for Cold Creek (see Otis Gold news release dated November 13, 2018) confirm our belief in the district scale potential throughout the Oakley Project.” (Figure 4 & 5: Oakley Project Au & Ag in soils and rocks)


Highlights of the 2018 Blue Hill Creek Work:



  • A total of 475 soil samples were analyzed for gold and silver. Results up to 0.15 ppm Au and 1.36 ppm Ag show a continuation of mineralized soils from Matrix Creek northwest along trend into Blue Hill Creek.
    • 2017 soil sample results from Matrix Creek identified a 2-km-long gold- and silver-in-soil anomaly defining a detachment structure and associated mineralized.
    • Black Matrix Breccia body with gold values up to 0.988 g/t Au and silver values up to 5.4 g/t Ag.
     

  • 140 rock-chip samples were collected across the target area and were analyzed for gold and silver. Samples from the Tertiary Salt Lake Formation conglomerate unit returned results of up to 0.969 g/t Au and 6.492 g/t Ag. Samples from the Tertiary Salt Lake Formation sinter deposits returned results of up to 0.842 g/t Au and 4.528 g/t Ag. These rock sample results further reinforce Otis’ current understanding of the mineralization at Blue Hill Creek.
     

  • Of the 140 rock-chip samples collected during Summer 2018, two samples collected from the Paleozoic marine sedimentary rocks (including carbonates and quartzite breccias) exposed in the northeast corner of the Blue Hill Creek claims, returned two anomalous results with high Au and Ag values.
    • Sample 480556 had 0.525 g/t Au and 105.0 g/t Ag
    • Sample 480568 had 1.754 g/t Au and 74.9 g/t Ag
    • These samples were taken from a brecciated zone that resembles Black Matrix Breccia seen at Matrix Creek, which returned Au and Ag values up to 3.0 g/t Au and up to 306 g/t Ag
    • This area may be a continuation of the detachment zone and a target for future exploration


Highlights of the 2018 Emery Creek Work:



  • A total of 235 soil samples were analyzed for gold and silver. Results of up to 0.14 ppm Au and 1.02 ppm Ag were encountered (Figure 6 & 7: Emery Creek Au & Ag in soil maps).
     

  • Mineralization at Emery Creek trends NW-SE, similar to that seen at nearby Cold Creek and Blue Hill Creek, pointing to similar larger scale structural controls.
     

  • The anomaly at Emery Creek identifies the presence of mineralization between Cold Creek to the North and Matrix Creek to the South, creating a mineralized zone stretching over 11kms.


Exploration plans for Blue Hill Creek and Matrix Creek in 2019 include developing a drill program for Blue Hill Creek, continued geologic and structural mapping efforts to the south at Matrix Creek, and the completion of a LiDAR survey to better identify potential structural controls on the distribution of mineralization in the near surface. Future work at Emery Creek includes detailed geologic mapping and sampling with a focus on structure, along with assimilating all data into a 3D model.


Details of the 2018 Exploration:
The 2018 exploration work at Blue Hill Creek and Emery Creek is part of Otis dedication to develop the Oakley Project as a whole, and ties in to the field work completed at both Blue Hill Creek and Matrix Creek in 2017 (see Otis Gold news release dated May 3, 2018), and with work completed earlier in the year at Cold Creek (see Otis Gold news release dated November 13, 2018). Exploration in summer 2018 consisted of geologic and structural mapping, and the collection of 475 and 235 soil samples respectively, and 140 rock chip samples. All samples were analyzed by Bureau Veritas Minerals laboratories in Elko and Reno, Nevada using 30g Fire Assay for Gold in rock samples, and 37 element ultra-trace ICP-MS analysis after modified Aqua Regia digestion for rocks and soil samples.


Alan Roberts, MSc, CPG, Otis Vice President of Exploration, serves as the Qualified Person for this news release and has reviewed and approved the technical content contained herein.


About the Oakley Project
The Oakley Project (“Oakley”) is a gold-silver exploration prospect located 21 km south of Oakley, Idaho, and 3 km north of the Idaho-Utah state line, and along trend from the Vipont Mine in Utah 11kms to the south. The property lies along the western flank of the Albion Mountains, part of the Albion-Raft River-Grouse Creek Metamorphic Core ­Complex. Oakley contains multiple targets located along a trend greater than 10 km in length and comprises the Cold Creek target to the north, and the Emery Creek, Blue Hill Creek and Matrix Creek targets located to the south of the project (Figure 8 Oakley Project Regional Geology Map).


Oakley hosts gold-silver, epithermal hot spring-type mineralization at multiple targets that are all associated with regional detachment-related gold-silver mineralization. Blue Hill Creek (Technical Report dated August 8, 2016) contains an Inferred Resource of 163,000 ounces gold in 9.97 million tonnes at a grade of 0.51 g/t Au. The Blue Hill Creek resource is hosted within a northwest-trending Tertiary graben that is part of a north trending, 8 km long by 1.5 km wide zone of low-sulphidation, hot spring-type gold occurrences along the western margin of the Albion Mountains.


About the Company 
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Project, located in Clark County, Idaho and the Oakley Project, located in Cassia County, Idaho.


ON BEHALF OF THE BOARD


“Craig T. Lindsay”


President & CEO


For additional information, please contact:


Mr. Tony Perri – Corporate Development
Tel:  (604) 424-8100  Email:  tony@otisgold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.


Photo accompanying this announcement are available at


http://www.globenewswire.com/NewsRoom/AttachmentNg/2545161e-63ef-4af2-9e04-56e18dabf002


http://www.globenewswire.com/NewsRoom/AttachmentNg/5abbfc53-6208-492a-af87-cb8935ed229b


http://www.globenewswire.com/NewsRoom/AttachmentNg/ea2a38ec-4820-43cf-aad4-2460ff3e5ad7


http://www.globenewswire.com/NewsRoom/AttachmentNg/c25c2d02-0d54-40f1-bb76-792f5e8ae10a


http://www.globenewswire.com/NewsRoom/AttachmentNg/57776dc5-cc97-4f01-8380-35534e375355


http://www.globenewswire.com/NewsRoom/AttachmentNg/c63c4f9a-d053-46e3-b0af-ad2ff8aad8ea


http://www.globenewswire.com/NewsRoom/AttachmentNg/018e58d3-9727-4376-9c7b-77f5f13b12aa


http://www.globenewswire.com/NewsRoom/AttachmentNg/1199a35c-75a6-495c-8d78-d58d68e405c9

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8020 Admin

7 months

8020 Admin posted a press release Otis Provides Update on Kilgore Project in OTIS GOLD CORP

VANCOUVER, British Columbia, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) advises that a complaint has been filed against the United States Forest Service (“USFS”) by two environmental groups in connection with Otis’ recently approved Kilgore Project Plan of Operation (see News Release dated August 23, 2018). Otis will communicate any developments in connection with this matter as they become available. In the interim, Otis will continue ongoing development activities at Kilgore under the current approved Decision Notice issued by the USFS. The complaint was lodged in the U.S. District Court for the District of Idaho.  


Otis President and CEO, Craig Lindsay, stated: “Otis is committed to conducting its exploration activities in an environmentally sound manner and meeting all requirements under its approved Plan of Operation. Our permit was issued after an exhaustive process that included the preparation of an Environmental Assessment and various public consultations. Additionally, for many years we have actively engaged with various community groups and individuals to address and mitigate any concerns, and will continue to engage and consult in this process as we move forward.”


About the Kilgore Project
The Kilgore Project lies on the north-eastern margin of the Miocene-Pliocene Kilgore Caldera complex in the Eastern Snake River Plain, Idaho. The Kilgore Project contains the Kilgore Deposit with a current NI 43-101 compliant resource: Indicated Resource of 825,000 ounces Au in 44.6 million tonnes at a grade of 0.58 g/t Au and an Inferred Resource of 136,000 ounces Au in 9.4 million tonnes at a grade of 0.45 g/t Au (the “Deposit”). The Kilgore Deposit is a low-sulphidation, gold bearing, quartz-adularia epithermal system hosted in Tertiary volcanic rocks, local Tertiary intrusive rocks, and basement Late Cretaceous, Aspen Formation sedimentary rocks.


About the Company 
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing the Kilgore Project, located in Clark County, Idaho and the Oakley Project, located in Cassia County, Idaho.


ON BEHALF OF THE BOARD


“Craig T. Lindsay”


President & CEO


For additional information, please contact:


Mr. Alan Roberts – Vice President, Exploration
Tel:  307-256-8930      Email:  alan@otisgold.com


Mr. Tony Perri – Corporate Development 
Tel:  (604) 424-8100   Email:  tony@otisgold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.

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8020 Admin

7 months

8020 Admin posted a press release Otis Identifies 3.5km Gold & Silver Anomaly at Oakley Project in OTIS GOLD CORP

VANCOUVER, British Columbia, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to announce the results from its recently completed 2018 exploration program at Cold Creek, a target located at the north end of the Oakley Project, Cassia County, Idaho. Surface geochemical studies consisting of rock outcrop mapping and sampling, and a 200 metre (“m”) by 50m soil sample grid, has revealed a 3.5 km long by 0.5 km wide trend of anomalous gold and silver values (Figures 1 & 2 – Au & Ag rock and soil sample result maps). Assay results from rock chip samples include gold values up to 1.9 g/t gold (or “Au”) and silver values up to 8.4 g/t silver (or “Ag”). After analyzing these results, Otis expanded its Cold Creek claim package by locating 32 new federal lode mining claims (totaling 640 acres) (Figure 3 - Land Tenure map). Geochemical and structural data collected from the 2018 field season, along with historic reverse-circulation drilling data, is being modelled in 3D in order to develop drill targets for future testing.


























Oakley Project - Land Tenure map
  Oakley Project - Land Tenure map






















Oakley Project - Regional Geology
  Oakley Project - Regional Geology






















Oakley – ColdCreek Au Rock and Soil Sample Results
  Oakley – ColdCreek Au Rock and Soil Sample Results






















Oakley – ColdCreek Ag Rock and Soil Sample Results
  Oakley – ColdCreek Ag Rock and Soil Sample Results





The Cold Creek target contains gold-silver epithermal hot spring-type alteration and mineralization. This is predominantly hosted in the Tertiary Salt Lake formation (or “Tcg”), a series of epiclastic sedimentary rocks, ash layers and tuffaceous volcanic rocks. The Tcg underlies the majority of the Cold Creek property and composes the primary target for exploration in the Cold Creek area.


Otis Vice President of Exploration, Alan Roberts, states, “We are very excited by the results of this year’s exploration program at Cold Creek and it confirms our belief in the prospect’s potential. Historic work conducted at Cold Creek had indicated the potential for economic mineralization but only within a small area - the surface extent of the gold and silver anomalies has exceeded our expectations.”


Highlights of the 2018 Cold Creek Fieldwork:



  • A total of 651 soil samples were analyzed for gold and silver. Results show an anomalous zone or ‘core’ to the Cold Creek target within the Tertiary Salt Lake formation tuffs and conglomerates that indicates the potential for sub-surface Au-Ag mineralization. The anomalous zone is defined by gold values up to 0.14 g/t Au and silver at 1.13 g/t Ag.



  • Soil results also show a strong anomaly along the fault-controlled Cold Creek drainage to the East. This fault may host mineralization and indicates potential expansion of the anomaly to the East.



  • 231 rock-chip samples were collected across the project area and contained up to 1.9 g/t Au and up to 8.4 g/t Ag within the altered and oxidized ash and tuffaceous matrix of the Tertiary Salt Lake Formation conglomerate (Tcg).  Results have confirmed that the Tcg is the principal host for mineralization within the Cold Creek claims.



  • As a result of insights gained during the 2018 field season, Otis has expanded its land package at Cold Creek by 32 claims (640 acres).


In 2019, Otis plans to continue exploration at Cold Creek which will include permitting of a reverse-circulation and core drilling program as well as continued geologic mapping and geochemical sampling programs.  Additionally, a LiDAR survey planned for 2018 and designed to assist in identifying fault structures will now be completed in 2019.


Details of the 2018 Exploration:
The 2018 exploration work at Cold Creek continues Otis’ commitment to further advance the Oakley Project, and ties in to the field work completed at both Matrix Creek and Blue Hill Creek in 2017 (see Otis Gold News Release dated May 3, 2018). Exploration in late Spring-Early Summer 2018 consisted of geologic and structural mapping, and the collection of 651 soil samples and 231 rock chip samples. All samples were analyzed by Bureau Veritas Minerals laboratories in Elko and Reno, Nevada using 30g Fire Assay for Gold in rock samples, and 37 element ultra-trace ICP-MS analysis after modified Aqua Regia digestion for rocks and soil samples.


Alan Roberts, MSc, CPG, and Vice President of Exploration, serves as the Qualified Person for this news release and has reviewed and approved the technical content contained herein.


About the Oakley Project
The Oakley Project (“Oakley”) is a gold-silver exploration prospect located 21 km south of Oakley, Idaho, and 3 km north of the Idaho-Utah state line, and along trend from the Vipont Mine in Utah 11kms to the south. The property lies along the western flank of the Albion Mountains, part of the Albion-Raft River-Grouse Creek Metamorphic Core ­Complex. Oakley contains multiple targets located along a trend greater than 10 km in length and comprises the Cold Creek target to the north, and the Emery Creek, Blue Hill Creek and Matrix Creek targets located to the south of the project (Figure 4 - Regional Geology map).


Oakley hosts gold-silver, epithermal hot spring-type mineralization at multiple targets that are all associated with regional detachment-related gold-silver mineralization. Blue Hill Creek (Technical Report dated August 8, 2016) contains an Inferred Resource of 163,000 ounces gold in 9.97 million tonnes at a grade of 0.51 g/t Au. The Blue Hill Creek resource is hosted within a northwest-trending Tertiary graben that is part of a north trending, 8 km long by 1.5 km wide zone of low-sulphidation, hot spring-type gold occurrences along the western margin of the Albion Mountains.


About the Company 
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Project, located in Clark County, Idaho and the Oakley Project, located in Cassia County, Idaho.


ON BEHALF OF THE BOARD


“Craig T. Lindsay”


President & CEO


For additional information, please contact:


Mr. Tony Perri – Corporate Development 
Tel:  (604) 424-8100  Email: tony@otisgold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/698a345a-8311-4a5f-99ff-62b1657f5123


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/bf933a75-7ec9-40bc-b410-d69ae96af66b


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e7bf270d-48d7-420a-83a9-666cee7118e9


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/891292e0-1f41-4d92-9760-94d7355eab3e

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8020 Admin

7 months

8020 Admin posted a press release Otis Raises $1.3 Million Through Sale of Non-Core Asset in OTIS GOLD CORP

VANCOUVER, British Columbia, Nov. 08, 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 approximately $1,320,000 through the sale of 2,000,000 common shares of Revival Gold Inc. (“Revival”). A total of 1,771,000 shares were sold in a private transaction and the remainder were sold through the TSX-Venture Exchange. The sale of these shares provides non-dilutive capital to fund the ongoing development of both the Kilgore and Oakley Projects and for general working capital purposes. The Company’s remaining shareholding in Revival, totaling approximately 750,000 shares, will be held for investment purposes. The shares in Revival were received in June 2017 as partial compensation for the sale of two non-core claim blocks known as the Hai and Gold Bug Projects (see Otis News Release dated June 30, 2017).


Otis President and CEO, Craig Lindsay, stated: “We are very pleased to have generated non-dilutive capital in a challenging market to fund our operations. In addition to generating capital today, we remain exposed to an upside revaluation in our remaining shareholding in Revival, a company in which we see good potential for growth.”


About the Kilgore Project
The Kilgore Project lies on the north-eastern margin of the Miocene-Pliocene Kilgore Caldera complex in the Eastern Snake River Plain, Idaho. The Kilgore Project contains the Kilgore Deposit with a current NI 43-101 compliant resource: Indicated Resource of 825,000 ounces Au in 44.6 million tonnes at a grade of 0.58 g/t Au and an Inferred Resource of 136,000 ounces Au in 9.4 million tonnes at a grade of 0.45 g/t Au (the “Deposit”). The Kilgore Deposit is a low-sulphidation, gold bearing, quartz-adularia epithermal system hosted in Tertiary volcanic rocks, local Tertiary intrusive rocks, and basement Late Cretaceous, Aspen Formation sedimentary rocks.


About the Company 
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Project, located in Clark County, Idaho and the Oakley Project, located in Cassia County, Idaho.


ON BEHALF OF THE BOARD


“Craig T. Lindsay”


President & CEO


For additional information, please contact:


Mr. Tony Perri – Corporate Development 
Tel:  (604) 424-8100  Email:  tony@otisgold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.

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Otis Gold Corp

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Otis Gold Corp. ("Otis" or the "Company") is focused on the discovery, exploration and development of precious metals deposits in Idaho. Otis’s management and technical team has a proven track record of discovering and developing quality assets and unlocking shareholder wealth through the drill b...

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Otis Gold Corp

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Otis Gold Corp. ("Otis" or the "Company") is focused on the discovery, exploration and development of precious metals......

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8020 Admin

28 days

8020 Admin posted a press release Otis Reports Q3 Financial and Operating Results in OTIS GOLD CORP

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 Data
The 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 Financial Reporting Standards (“IFRS”). The amounts reported herein are in Canadian dollars.


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=OOO%3ACC&qmodStoryID=8609741338089847 

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8020 Admin

2 months

8020 Admin posted a press release Otis Announces Increase in Ownership Interest by Major Shareholder in OTIS GOLD CORP

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 favourable metallurgical results. I also look forward to further work at the emerging Oakley Project.”


Craig Lindsay, Otis President & CEO, stated: “We are pleased to receive this support and consider it a strong endorsement of our business plan. We are very appreciative of our supportive group of shareholders despite a difficult precious metals market environment.”


About the Company 
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Project, located in Clark County, Idaho and the Oakley Project, located in Cassia County, Idaho.


ON BEHALF OF THE BOARD


“Craig T. Lindsay”


President & CEO


For additional information, please contact:


Mr. Tony Perri – Corporate Development 
Tel: (604) 424-8100  Email:  tony@otisgold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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8020 Admin

2 months

8020 Admin posted a press release Otis Reports Favourable Metallurgical Results from Kilgore in OTIS GOLD CORP

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 metallurgy at Kilgore, and the increase in recovered gold grade confirm that gold grades in the existing resource are potentially under-reported.


Highlights of the metallurgical testing results are as follows:



  • Bottle roll leach tests on Sill Domain material achieved gold extractions averaging 86.4% at 10 mesh, and 93.0% at 200 mesh;

  • Column leach test results from Sill Domain material show 74.8% gold recovery from 12.5mm (0.5”) crushed core, and 83.5% gold recovery from 38mm (1.5”) crushed core. The 38mm crushed core leached slower but has higher overall gold extraction; and

  • Final gold test grades from Sill Domain material show a 59% increase, with calculated final grades returning up to 1.42 g/t Au from initial head assay test grades of 0.89 g/t Au.


Read more here:  https://quotemedia.com/portal/quote?qm_symbol=OOO%3ACC&qmodStoryID=7127899105985048 

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8020 Admin

4 months

8020 Admin posted a press release Otis Announces Results of AGM in OTIS GOLD CORP

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 re-appointment of D+H Group LLP as the Company’s auditor and the renewal of the Company’s 10% rolling stock option plan.


About the Company
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Project, located in Clark County, Idaho and the Oakley Project, located in Cassia County, Idaho.


ON BEHALF OF THE BOARD


“Craig T. Lindsay”


President & CEO


For additional information, please contact:


Mr. Tony Perri – Corporate Development
Tel: (604) 424-8100  Email:  tony@otisgold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.

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8020 Admin

5 months

8020 Admin posted a press release Otis Lays Foundation For Exciting 2019 in OTIS GOLD CORP

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, Exploration. Alan has brought a significant amount of global exploration experience in epithermal gold deposits, most recently as exploration manager at the Castle Mountain Mine in California.

  • In November and December, Otis successfully completed the sale of 2.75 million common shares of Revival Gold Inc. (or “RVG”) in a series of private transactions. The sale generated approximately $1.8 million in non-dilutive financing to fund ongoing exploration and overhead expenses. Otis retains a 1% NSR on certain claims owned by RVG at what is known as the Arnett Creek Project.


Kilgore Project Milestones



  • An updated NI 43-101 Resource Estimate was released for Kilgore comprising an Indicated resource of 825,000 ounces of gold at an average grade of 0.58 g/t Au in 44.6 million tonnes and an Inferred resource of 136,000 ounces of gold at an average grade of 0.45 g/t Au in 9.4 million tonnes (see News Release dated August 14, 2018). This represented a 59% increase in the indicated ounces to the previous resource estimate and without having the ability to step-out drill due to the previous exploration permit.

  • In August, a new five-year Plan of Operations was approved by the US Forest Service to conduct project-wide exploration, which allows flexibility for step-out/expansion drilling at the Kilgore Deposit and exploration drilling at emerging targets such as Prospect Ridge, Gold Ridge and Dog Bone Ridge. 

  • Otis completed a systematic soil sampling program on the Gold Knob Claims, part of an emerging exploration target on the Kilgore Caldera arc approximately 18 kilometres from the existing Kilgore Deposit. Results from this sampling program will be released shortly.

  • Metallurgical testing of near-surface, mineralized Tertiary volcanic rock and mineralized Cretaceous sedimentary rock is ongoing to assess the potential for “run of mine” processing at the Kilgore Deposit. The studies are being conducted by RDI Minerals and supervised by Global Resource Engineering, both in Denver, Colorado.

  • Our exploration and field operations facilities were consolidated from three separate sites in Spokane, Washington and St. Anthony, Idaho to a single facility in Dubois, Idaho that includes core storage, office space, a bunkhouse and ample space for field support activities.  This further establishes Otis’ presence in and commitment to working with the local community of Dubois, and Clark County, Idaho. The move has increased data accessibility and resulted in significant costs savings.

  • A drill program and aerial LiDAR survey planned for Fall 2018 was postponed to 2019.


Oakley Project Milestones



  • A total of 475 soil and 140 rock samples were collected at the Blue Hill Creek target in 2018. This work demonstrated a continuation of mineralization from Matrix Creek northwest along trend to Blue Hill Creek. Additionally, certain rock samples were identified which contained gold and silver mineralization that appear similar to the detachment style of surface mineralization seen at the adjacent Matrix Creek target (see Otis News Release dated November 4, 2018).

  • A total of 651 soil and 231 rock chip samples were collected at the Cold Creek target, which successfully identified a 3.5 km by 0.5 km trend of anomalous gold and silver mineralization (see Otis News Release dated November 13, 2018).

  • A total of 235 soil samples were collected at Emery Creek which contained anomalous gold and silver values up to 0.14 ppm Au and 1.02 ppm Ag. This work confirmed a mineralized zone stretching 11 kms between Cold Creek at the northern end of the property to Blue Hill Creek at the south.

  • As a result of the exploration results achieved, the land position at Oakley was increased by 1,600 acres via a combination of State lease applications and the staking of federal lode mining claims.       


Going Forward
With a growing land package at Kilgore and Oakley that contains a blend of open-ended gold resources and exciting new exploration targets, Otis is well-positioned to capitalize on renewed interest in the gold sector. In 2019, Otis has planned an aggressive integrated exploration program that includes:



  • A drill program targeting resource expansion at the existing Kilgore Deposit, a further resource update and the initiation of a maiden PEA.

  • A drill program at Oakley that includes exploration holes at Cold Creek, Blue Hill Creek and Matrix Creek.

  • On a parallel course, additional field work, including an aerial LiDAR survey, is planned to better define drill targets at Prospect Ridge, Gold Ridge, Gold Knob and Dog Bone Ridge at the Kilgore Project, as well as at the Cold Creek, Emery, Blue Hill Creek and Matrix Creek claims at Oakley.


Otis is actively reviewing various strategic options to enhance the Company that may include, among other things, potential joint venture and acquisition transactions.  Management recognizes that market conditions may remain challenging in the gold sector in the near term, and corporate plans are contingent on, but not limited to, access to financing at terms reasonable to the Company. That said, the Company has a strong and supportive investor base and remains confident in its business. 


Otis President & CEO, Craig Lindsay, stated: “We are very optimistic about our business prospects going forward. We do recognize that the recent complaint filed in connection with our Kilgore Project, which was documented in a news release dated November 19, 2018, has raised some concerns amongst our shareholder base. As an update, based on discussions with our legal counsel and permitting consultant, we are confident the complaint is without merit and will be resolved in favour of the US Forest Service. In the interim, our permit remains in good standing and we are authorized to commence exploration work in July as per our approved Plan of Operation. As a final note, I want to be clear that Otis is committed to conducting exploration activities at all our projects utilizing industry best practices, and that minimizing our environmental footprint has, and always will be, a critical foundation of our exploration programs.”
             
About the Company 
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Project, located in Clark County, Idaho and the Oakley Project, located in Cassia County, Idaho.


ON BEHALF OF THE BOARD


“Craig T. Lindsay”


President & CEO


For additional information, please contact:


Mr. Tony Perri – Corporate Development 
Tel:  (604) 424-8100  Email:  tony@otisgold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


The forward-looking information contained in this press release is made as of the date hereof and Otis undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.


This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.

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8020 Admin

6 months

8020 Admin posted a press release Otis Raises $500,000 Through Sale of Non-Core Asset in OTIS GOLD CORP

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 million buyback option in favour of Revival. The sale of these shares provides non-dilutive capital to fund the ongoing development of the Kilgore and Oakley Projects and for general working capital purposes. The shares in Revival were received in June 2017 as partial compensation for the sale of two non-core claim blocks known as the Hai and Gold Bug Projects (see Otis News Release dated June 30, 2017), and the area is currently subject to an ongoing drilling program by Revival (see Revival News Release dated Dec. 4, 2018).


Otis President and CEO, Craig Lindsay, stated: “Over an 18-month period we converted 16 non-core mining claims into total cash of approximately $1,900,000, and still retain exposure going forward to the exciting Arnett Creek project in the form of a net smelter royalty. We will closely follow Revival’s ongoing progress at Arnett Creek, and wish them well in their development activities.”


About the Company  
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Project, located in Clark County, Idaho and the Oakley Project, located in Cassia County, Idaho.


ON BEHALF OF THE BOARD


“Craig T. Lindsay”


President & CEO


For additional information, please contact:


Mr. Tony Perri – Corporate Development  
Tel:  (604) 424-8100  Email:  tony@otisgold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the 
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.

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8020 Admin

7 months

8020 Admin posted a press release Otis Provides Additional Oakley Project Exploration Results in OTIS GOLD CORP

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. Assay results from rock chip samples include gold values up to 1.75 g/t gold (or “Au”) and silver values up to 105.0 g/t silver (or “Ag”). Blue Hill Creek contains an existing Inferred Resource of 163,000 ounces gold in 9.97 million tonnes at a grade of 0.51 g/t Au (see Otis Technical Report dated August 8, 2016); Emery Creek is an early stage exploration target.


























Oakley Project - Emery Creek claims Au Soil Results
  Oakley Project - Emery Creek claims Au Soil Results






















Oakley Project - Emery Creek claims Ag Soil Results
  Oakley Project - Emery Creek claims Ag Soil Results






















Oakley Project - Regional Geology map
  Oakley Project - Regional Geology map






















Oakley Project – 2018 Rock and Soil Au Results
  Oakley Project – 2018 Rock and Soil Au Results






















Oakley Project – 2018 Rock and Soil Ag Results
  Oakley Project – 2018 Rock and Soil Ag Results






















Oakley Project – Blue Hill Creek 2018 Rock and Soil Au Results
  Oakley Project – Blue Hill Creek 2018 Rock and Soil Au Results






















Oakley Project – Blue Hill Creek 2018 Rock and Soil Ag Results
  Oakley Project – Blue Hill Creek 2018 Rock and Soil Ag Results






















Oakley Project Land Tenure map
  Oakley Project Land Tenure map





Soil sample results at Blue Hill Creek indicate a continuation of the northwest trending Au and Ag anomaly observed at the Matrix Creek claims located to the East-Southeast (see Otis Gold news release dated May 3, 2018) of Blue Hill Creek, where a zone of high silver values in soils has been identified in an area approximately 3.5kms long.


Geochemical and structural data collected from the 2018 field season is being reviewed and incorporated into a 3D model for Blue Hill Creek to develop drilling targets for permitting (Figures 1 & 2: Blue Hill Creek Au & Ag in Rocks & Soils maps).  Earlier this year Otis expanded its land position between the Blue Hill Creek and Emery Creek claims by applying for 960 acres of State Leases from the Idaho Department of Lands (Figure 3: Land Tenure Map). The application for additional lands will connect the two targets into a single continuous land package.


The Blue Hill Creek and Emery Creek targets contain gold-silver epithermal hot spring-type alteration and mineralization. This is predominantly hosted in the Tertiary Salt Lake formation (Tcg), a series of epiclastic sedimentary rocks, ash layers and tuffaceous volcanic rocks; work conducted in 2018 also shows occurrences of mineralized Palaeozoic sedimentary rocks. The Tcg underlies the majority of the Blue Hill Creek property and is the primary target for exploration at Cold Creek.


Otis Vice President of Exploration, Alan Roberts, states, “This year’s work at Blue Hill Creek extends and builds upon the mineralization observed in past drilling, as well as at surface, and as indicated from soils collected at Matrix Creek in 2017.  The surface geochemistry from the Emery Creek target shows potential for subsurface mineralization. Gold and silver found within altered Palaeozoic sediments point to surface areas for follow-up as well as the development of a significant drill program to test the detachment structures at depth. These results combined with those reported for Cold Creek (see Otis Gold news release dated November 13, 2018) confirm our belief in the district scale potential throughout the Oakley Project.” (Figure 4 & 5: Oakley Project Au & Ag in soils and rocks)


Highlights of the 2018 Blue Hill Creek Work:



  • A total of 475 soil samples were analyzed for gold and silver. Results up to 0.15 ppm Au and 1.36 ppm Ag show a continuation of mineralized soils from Matrix Creek northwest along trend into Blue Hill Creek.
    • 2017 soil sample results from Matrix Creek identified a 2-km-long gold- and silver-in-soil anomaly defining a detachment structure and associated mineralized.
    • Black Matrix Breccia body with gold values up to 0.988 g/t Au and silver values up to 5.4 g/t Ag.
     

  • 140 rock-chip samples were collected across the target area and were analyzed for gold and silver. Samples from the Tertiary Salt Lake Formation conglomerate unit returned results of up to 0.969 g/t Au and 6.492 g/t Ag. Samples from the Tertiary Salt Lake Formation sinter deposits returned results of up to 0.842 g/t Au and 4.528 g/t Ag. These rock sample results further reinforce Otis’ current understanding of the mineralization at Blue Hill Creek.
     

  • Of the 140 rock-chip samples collected during Summer 2018, two samples collected from the Paleozoic marine sedimentary rocks (including carbonates and quartzite breccias) exposed in the northeast corner of the Blue Hill Creek claims, returned two anomalous results with high Au and Ag values.
    • Sample 480556 had 0.525 g/t Au and 105.0 g/t Ag
    • Sample 480568 had 1.754 g/t Au and 74.9 g/t Ag
    • These samples were taken from a brecciated zone that resembles Black Matrix Breccia seen at Matrix Creek, which returned Au and Ag values up to 3.0 g/t Au and up to 306 g/t Ag
    • This area may be a continuation of the detachment zone and a target for future exploration


Highlights of the 2018 Emery Creek Work:



  • A total of 235 soil samples were analyzed for gold and silver. Results of up to 0.14 ppm Au and 1.02 ppm Ag were encountered (Figure 6 & 7: Emery Creek Au & Ag in soil maps).
     

  • Mineralization at Emery Creek trends NW-SE, similar to that seen at nearby Cold Creek and Blue Hill Creek, pointing to similar larger scale structural controls.
     

  • The anomaly at Emery Creek identifies the presence of mineralization between Cold Creek to the North and Matrix Creek to the South, creating a mineralized zone stretching over 11kms.


Exploration plans for Blue Hill Creek and Matrix Creek in 2019 include developing a drill program for Blue Hill Creek, continued geologic and structural mapping efforts to the south at Matrix Creek, and the completion of a LiDAR survey to better identify potential structural controls on the distribution of mineralization in the near surface. Future work at Emery Creek includes detailed geologic mapping and sampling with a focus on structure, along with assimilating all data into a 3D model.


Details of the 2018 Exploration:
The 2018 exploration work at Blue Hill Creek and Emery Creek is part of Otis dedication to develop the Oakley Project as a whole, and ties in to the field work completed at both Blue Hill Creek and Matrix Creek in 2017 (see Otis Gold news release dated May 3, 2018), and with work completed earlier in the year at Cold Creek (see Otis Gold news release dated November 13, 2018). Exploration in summer 2018 consisted of geologic and structural mapping, and the collection of 475 and 235 soil samples respectively, and 140 rock chip samples. All samples were analyzed by Bureau Veritas Minerals laboratories in Elko and Reno, Nevada using 30g Fire Assay for Gold in rock samples, and 37 element ultra-trace ICP-MS analysis after modified Aqua Regia digestion for rocks and soil samples.


Alan Roberts, MSc, CPG, Otis Vice President of Exploration, serves as the Qualified Person for this news release and has reviewed and approved the technical content contained herein.


About the Oakley Project
The Oakley Project (“Oakley”) is a gold-silver exploration prospect located 21 km south of Oakley, Idaho, and 3 km north of the Idaho-Utah state line, and along trend from the Vipont Mine in Utah 11kms to the south. The property lies along the western flank of the Albion Mountains, part of the Albion-Raft River-Grouse Creek Metamorphic Core ­Complex. Oakley contains multiple targets located along a trend greater than 10 km in length and comprises the Cold Creek target to the north, and the Emery Creek, Blue Hill Creek and Matrix Creek targets located to the south of the project (Figure 8 Oakley Project Regional Geology Map).


Oakley hosts gold-silver, epithermal hot spring-type mineralization at multiple targets that are all associated with regional detachment-related gold-silver mineralization. Blue Hill Creek (Technical Report dated August 8, 2016) contains an Inferred Resource of 163,000 ounces gold in 9.97 million tonnes at a grade of 0.51 g/t Au. The Blue Hill Creek resource is hosted within a northwest-trending Tertiary graben that is part of a north trending, 8 km long by 1.5 km wide zone of low-sulphidation, hot spring-type gold occurrences along the western margin of the Albion Mountains.


About the Company 
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Project, located in Clark County, Idaho and the Oakley Project, located in Cassia County, Idaho.


ON BEHALF OF THE BOARD


“Craig T. Lindsay”


President & CEO


For additional information, please contact:


Mr. Tony Perri – Corporate Development
Tel:  (604) 424-8100  Email:  tony@otisgold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.


Photo accompanying this announcement are available at


http://www.globenewswire.com/NewsRoom/AttachmentNg/2545161e-63ef-4af2-9e04-56e18dabf002


http://www.globenewswire.com/NewsRoom/AttachmentNg/5abbfc53-6208-492a-af87-cb8935ed229b


http://www.globenewswire.com/NewsRoom/AttachmentNg/ea2a38ec-4820-43cf-aad4-2460ff3e5ad7


http://www.globenewswire.com/NewsRoom/AttachmentNg/c25c2d02-0d54-40f1-bb76-792f5e8ae10a


http://www.globenewswire.com/NewsRoom/AttachmentNg/57776dc5-cc97-4f01-8380-35534e375355


http://www.globenewswire.com/NewsRoom/AttachmentNg/c63c4f9a-d053-46e3-b0af-ad2ff8aad8ea


http://www.globenewswire.com/NewsRoom/AttachmentNg/018e58d3-9727-4376-9c7b-77f5f13b12aa


http://www.globenewswire.com/NewsRoom/AttachmentNg/1199a35c-75a6-495c-8d78-d58d68e405c9

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8020 Admin

7 months

8020 Admin posted a press release Otis Provides Update on Kilgore Project in OTIS GOLD CORP

VANCOUVER, British Columbia, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) advises that a complaint has been filed against the United States Forest Service (“USFS”) by two environmental groups in connection with Otis’ recently approved Kilgore Project Plan of Operation (see News Release dated August 23, 2018). Otis will communicate any developments in connection with this matter as they become available. In the interim, Otis will continue ongoing development activities at Kilgore under the current approved Decision Notice issued by the USFS. The complaint was lodged in the U.S. District Court for the District of Idaho.  


Otis President and CEO, Craig Lindsay, stated: “Otis is committed to conducting its exploration activities in an environmentally sound manner and meeting all requirements under its approved Plan of Operation. Our permit was issued after an exhaustive process that included the preparation of an Environmental Assessment and various public consultations. Additionally, for many years we have actively engaged with various community groups and individuals to address and mitigate any concerns, and will continue to engage and consult in this process as we move forward.”


About the Kilgore Project
The Kilgore Project lies on the north-eastern margin of the Miocene-Pliocene Kilgore Caldera complex in the Eastern Snake River Plain, Idaho. The Kilgore Project contains the Kilgore Deposit with a current NI 43-101 compliant resource: Indicated Resource of 825,000 ounces Au in 44.6 million tonnes at a grade of 0.58 g/t Au and an Inferred Resource of 136,000 ounces Au in 9.4 million tonnes at a grade of 0.45 g/t Au (the “Deposit”). The Kilgore Deposit is a low-sulphidation, gold bearing, quartz-adularia epithermal system hosted in Tertiary volcanic rocks, local Tertiary intrusive rocks, and basement Late Cretaceous, Aspen Formation sedimentary rocks.


About the Company 
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing the Kilgore Project, located in Clark County, Idaho and the Oakley Project, located in Cassia County, Idaho.


ON BEHALF OF THE BOARD


“Craig T. Lindsay”


President & CEO


For additional information, please contact:


Mr. Alan Roberts – Vice President, Exploration
Tel:  307-256-8930      Email:  alan@otisgold.com


Mr. Tony Perri – Corporate Development 
Tel:  (604) 424-8100   Email:  tony@otisgold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.

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8020 Admin

7 months

8020 Admin posted a press release Otis Identifies 3.5km Gold & Silver Anomaly at Oakley Project in OTIS GOLD CORP

VANCOUVER, British Columbia, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Otis Gold Corp. (“Otis” or the “Company”) (TSX-V: OOO) (OTC: OGLDF) is pleased to announce the results from its recently completed 2018 exploration program at Cold Creek, a target located at the north end of the Oakley Project, Cassia County, Idaho. Surface geochemical studies consisting of rock outcrop mapping and sampling, and a 200 metre (“m”) by 50m soil sample grid, has revealed a 3.5 km long by 0.5 km wide trend of anomalous gold and silver values (Figures 1 & 2 – Au & Ag rock and soil sample result maps). Assay results from rock chip samples include gold values up to 1.9 g/t gold (or “Au”) and silver values up to 8.4 g/t silver (or “Ag”). After analyzing these results, Otis expanded its Cold Creek claim package by locating 32 new federal lode mining claims (totaling 640 acres) (Figure 3 - Land Tenure map). Geochemical and structural data collected from the 2018 field season, along with historic reverse-circulation drilling data, is being modelled in 3D in order to develop drill targets for future testing.


























Oakley Project - Land Tenure map
  Oakley Project - Land Tenure map






















Oakley Project - Regional Geology
  Oakley Project - Regional Geology






















Oakley – ColdCreek Au Rock and Soil Sample Results
  Oakley – ColdCreek Au Rock and Soil Sample Results






















Oakley – ColdCreek Ag Rock and Soil Sample Results
  Oakley – ColdCreek Ag Rock and Soil Sample Results





The Cold Creek target contains gold-silver epithermal hot spring-type alteration and mineralization. This is predominantly hosted in the Tertiary Salt Lake formation (or “Tcg”), a series of epiclastic sedimentary rocks, ash layers and tuffaceous volcanic rocks. The Tcg underlies the majority of the Cold Creek property and composes the primary target for exploration in the Cold Creek area.


Otis Vice President of Exploration, Alan Roberts, states, “We are very excited by the results of this year’s exploration program at Cold Creek and it confirms our belief in the prospect’s potential. Historic work conducted at Cold Creek had indicated the potential for economic mineralization but only within a small area - the surface extent of the gold and silver anomalies has exceeded our expectations.”


Highlights of the 2018 Cold Creek Fieldwork:



  • A total of 651 soil samples were analyzed for gold and silver. Results show an anomalous zone or ‘core’ to the Cold Creek target within the Tertiary Salt Lake formation tuffs and conglomerates that indicates the potential for sub-surface Au-Ag mineralization. The anomalous zone is defined by gold values up to 0.14 g/t Au and silver at 1.13 g/t Ag.



  • Soil results also show a strong anomaly along the fault-controlled Cold Creek drainage to the East. This fault may host mineralization and indicates potential expansion of the anomaly to the East.



  • 231 rock-chip samples were collected across the project area and contained up to 1.9 g/t Au and up to 8.4 g/t Ag within the altered and oxidized ash and tuffaceous matrix of the Tertiary Salt Lake Formation conglomerate (Tcg).  Results have confirmed that the Tcg is the principal host for mineralization within the Cold Creek claims.



  • As a result of insights gained during the 2018 field season, Otis has expanded its land package at Cold Creek by 32 claims (640 acres).


In 2019, Otis plans to continue exploration at Cold Creek which will include permitting of a reverse-circulation and core drilling program as well as continued geologic mapping and geochemical sampling programs.  Additionally, a LiDAR survey planned for 2018 and designed to assist in identifying fault structures will now be completed in 2019.


Details of the 2018 Exploration:
The 2018 exploration work at Cold Creek continues Otis’ commitment to further advance the Oakley Project, and ties in to the field work completed at both Matrix Creek and Blue Hill Creek in 2017 (see Otis Gold News Release dated May 3, 2018). Exploration in late Spring-Early Summer 2018 consisted of geologic and structural mapping, and the collection of 651 soil samples and 231 rock chip samples. All samples were analyzed by Bureau Veritas Minerals laboratories in Elko and Reno, Nevada using 30g Fire Assay for Gold in rock samples, and 37 element ultra-trace ICP-MS analysis after modified Aqua Regia digestion for rocks and soil samples.


Alan Roberts, MSc, CPG, and Vice President of Exploration, serves as the Qualified Person for this news release and has reviewed and approved the technical content contained herein.


About the Oakley Project
The Oakley Project (“Oakley”) is a gold-silver exploration prospect located 21 km south of Oakley, Idaho, and 3 km north of the Idaho-Utah state line, and along trend from the Vipont Mine in Utah 11kms to the south. The property lies along the western flank of the Albion Mountains, part of the Albion-Raft River-Grouse Creek Metamorphic Core ­Complex. Oakley contains multiple targets located along a trend greater than 10 km in length and comprises the Cold Creek target to the north, and the Emery Creek, Blue Hill Creek and Matrix Creek targets located to the south of the project (Figure 4 - Regional Geology map).


Oakley hosts gold-silver, epithermal hot spring-type mineralization at multiple targets that are all associated with regional detachment-related gold-silver mineralization. Blue Hill Creek (Technical Report dated August 8, 2016) contains an Inferred Resource of 163,000 ounces gold in 9.97 million tonnes at a grade of 0.51 g/t Au. The Blue Hill Creek resource is hosted within a northwest-trending Tertiary graben that is part of a north trending, 8 km long by 1.5 km wide zone of low-sulphidation, hot spring-type gold occurrences along the western margin of the Albion Mountains.


About the Company 
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Project, located in Clark County, Idaho and the Oakley Project, located in Cassia County, Idaho.


ON BEHALF OF THE BOARD


“Craig T. Lindsay”


President & CEO


For additional information, please contact:


Mr. Tony Perri – Corporate Development 
Tel:  (604) 424-8100  Email: tony@otisgold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/698a345a-8311-4a5f-99ff-62b1657f5123


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/bf933a75-7ec9-40bc-b410-d69ae96af66b


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e7bf270d-48d7-420a-83a9-666cee7118e9


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/891292e0-1f41-4d92-9760-94d7355eab3e

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8020 Admin

7 months

8020 Admin posted a press release Otis Raises $1.3 Million Through Sale of Non-Core Asset in OTIS GOLD CORP

VANCOUVER, British Columbia, Nov. 08, 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 approximately $1,320,000 through the sale of 2,000,000 common shares of Revival Gold Inc. (“Revival”). A total of 1,771,000 shares were sold in a private transaction and the remainder were sold through the TSX-Venture Exchange. The sale of these shares provides non-dilutive capital to fund the ongoing development of both the Kilgore and Oakley Projects and for general working capital purposes. The Company’s remaining shareholding in Revival, totaling approximately 750,000 shares, will be held for investment purposes. The shares in Revival were received in June 2017 as partial compensation for the sale of two non-core claim blocks known as the Hai and Gold Bug Projects (see Otis News Release dated June 30, 2017).


Otis President and CEO, Craig Lindsay, stated: “We are very pleased to have generated non-dilutive capital in a challenging market to fund our operations. In addition to generating capital today, we remain exposed to an upside revaluation in our remaining shareholding in Revival, a company in which we see good potential for growth.”


About the Kilgore Project
The Kilgore Project lies on the north-eastern margin of the Miocene-Pliocene Kilgore Caldera complex in the Eastern Snake River Plain, Idaho. The Kilgore Project contains the Kilgore Deposit with a current NI 43-101 compliant resource: Indicated Resource of 825,000 ounces Au in 44.6 million tonnes at a grade of 0.58 g/t Au and an Inferred Resource of 136,000 ounces Au in 9.4 million tonnes at a grade of 0.45 g/t Au (the “Deposit”). The Kilgore Deposit is a low-sulphidation, gold bearing, quartz-adularia epithermal system hosted in Tertiary volcanic rocks, local Tertiary intrusive rocks, and basement Late Cretaceous, Aspen Formation sedimentary rocks.


About the Company 
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Project, located in Clark County, Idaho and the Oakley Project, located in Cassia County, Idaho.


ON BEHALF OF THE BOARD


“Craig T. Lindsay”


President & CEO


For additional information, please contact:


Mr. Tony Perri – Corporate Development 
Tel:  (604) 424-8100  Email:  tony@otisgold.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.

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