Otis Increases Land Position at Kilgore By 58%
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/22/12 -- Otis Gold Corp. ("Otis" or the "Company") (TSX VENTURE: OOO)(OTCQX: OGLDF) is pleased to announce that, due to the positive drilling results it has received during the last two drill seasons, it has acquired an additional 1,880 acres of land contiguous to the Kilgore Gold Project ("Kilgore"), increasing its total Kilgore land package to 5,130 acres. The additional land comprises 70 Federal lode mining claims (totaling 1,400 acres) and one Idaho State Land Use Permit (480 acres). The land was acquired via direct staking of federal lode mining claims and an application submitted to the State of Idaho.
States President & CEO Craig Lindsay: "We continue to achieve strong drill results at Kilgore, and the larger land position better reflects the increasing potential of the project."
About The Company
Otis is a Canadian-based mineral exploration company focused on the acquisition and development of quality precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Gold Project, located in Clark County, Idaho (approx. 60 miles north of Idaho Falls).
ON BEHALF OF THE BOARD
Craig T. Lindsay, President & CEO
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.
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.
Contacts:
Otis Gold Corp.
Craig Lindsay
(604) 683-2507
(604) 683-2506 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 22.02.2012 - 13:30 Uhr
Sprache: Deutsch
News-ID 117250
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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"Otis Increases Land Position at Kilgore By 58%"
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