Otis Provides Update on Kilgore Project
November 19 2018 - 8:30AM
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 ProjectThe
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,
ExplorationTel: 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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