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General Market Commentary
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General Precious Metals
Otis Gold advances after announcing assay results from another nine core holes
Shares in Otis Gold Corp (CVE:OOO) advanced after it announced assay results for nine core holes from its drill programme at the Kilgore project.
Seven holes encountered significant bulk-tonnage intercepts highlighted by 86.8 metres (m) grading 1.05 grams per tonne gold (g/t Au) in hole 17 OKC-366, 137.2 m grading 0.91 g/t Au in hole 17 OKC-374, 71.6 m grading 1.05 g/t Au in hole 17-OKC 376, and 118.9 m grading 1.41 g/t Au in hole 17 OKC-377.
Otis said the primary goal of the drill program was to follow-up on open-ended drilling at depth and laterally as infill on drill intercepts from 2015 and 2016, primarily in the prospective Late Cretaceous Aspen Formation sedimentary host unit within and along the “Aspen Corridor”.
Intercepts were as follows
| Hole ID | Depth (metres) |
Azimuth/Angle | Section | From (m) |
To (m) |
Width (m) |
Au (g/t) |
Host |
| 17 OKC-363 | 341.4 | 50˚/-75˚ | 11,600 N | No Significant Values | ||||
| 17 OKC-365 | 334.7 | 230˚/-65˚ | 11,700 N | 70.1 | 73.2 | 3.1 | 1.22 | Sill |
| 93.0 | 123.4 | 30.4 | 0.68 | Sill & Aspen | ||||
| 134.1 | 172.2 | 38.1 | 0.69 | Aspen | ||||
| 17 OKC-366 | 334.7 | -/-90˚ | 12,100 N | 16.8 | 36.6 | 19.8 | 0.47 | Rhyolite |
| 141.7 | 151.1 | 9.4 | 1.53 | Sill | ||||
| 181.4 | 268.2 | 86.8 | 1.05 | Aspen | ||||
| 17 OKC-368 | 337.7 | 230˚/-65˚ | 12,000 N | 46.6 | 67.4 | 20.8 | 0.56 | Tuff, Aspen |
| 123.1 | 146.0 | 22.9 | 0.48 | Sill & Aspen | ||||
| 187.6 | 206.7 | 19.1 | 0.59 | Aspen | ||||
| 17 OKC-370 | 333.1 | 230˚/-80˚ | 12,000 N | 57.3 | 64.9 | 7.6 | 0.59 | Tuff |
| 109.1 | 121.6 | 12.5 | 0.43 | Sill | ||||
| 138.1 | 224.9 | 86.8 | 0.76 | Aspen | ||||
| 232.6 | 235.6 | 3.0 | 0.63 | Aspen | ||||
| 246.3 | 258.0 | 11.7 | 1.15 | Aspen | ||||
| 17 OKC-372 | 304.8 | -/-90˚ | 11,900 N | 57.9 | 62.5 | 4.6 | 0.50 | Sill & Aspen |
| 105.2 | 135.6 | 30.5 | 0.78 | Sill & Aspen | ||||
| 169.2 | 172.2 | 3.0 | 0.94 | Aspen | ||||
| 192.0 | 221.0 | 29.0 | 0.71 | Aspen | ||||
| 17 OKC-374 | 301.1 | 230˚/-75˚ | 11,900 N | 109.1 | 246.3 | 137.2 | 0.91 | Sill & Aspen |
| 282.9 | 289.1 | 6.2 | 0.80 | Aspen | ||||
| 17 OKC-376 | 276.8 | 230˚/-75 | 12,100 N | 109.7 | 189.0 | 79.3 | 0.79 | Sill & Aspen |
| 204.2 | 275.8 | 71.6 | 1.05 | Aspen | ||||
| 17 OKC-377 | 282.9 | -/-90˚ | 12,100 N | 103.6 | 113.6 | 10.0 | 0.30 | Sill |
| 121.3 | 240.2 | 118.9 | 1.41 | Aspen | ||||
Otis has now released results from 24 exploration holes drilled in 2017. The 25th hole drilled in the 2017 work program was designed for metallurgical testing purposes. Results of column leach and other testing on this hole will be released upon completion of the studies.
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