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Otis Gold posts 59% increase in indicated resources at Kilgore project

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Otis Gold posts 59% increase in indicated resources at Kilgore project

An updated resource estimate for Otis Gold Corp.'s Kilgore gold project in Idaho showed a 59% increase in indicated resources, according to an Aug. 14 release.

At a 0.21 g/t cutoff, the project hosts indicated resources of 825,000 ounces of gold at 0.58 g/t of gold within 44.6 million tonnes of material.

Inferred resources, meanwhile, stood at 136,000 ounces of gold at 0.45 g/t of gold within 9.4 million tonnes. The figure represents a reduction from the 2012 estimate due to the conversion of resources to the indicated category.

The company said the new estimate incorporates drilling completed from 2015 through 2017 and could pave the way for future growth via expansion drilling, engineering and metallurgical studies.

Otis Gold Vice President of Exploration Alan Roberts added that the company's 2018 drill program will focus on step-out drilling around the deposit and will begin once it receives the necessary permits. A mapping and sampling program is also underway.