VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/17/13 -- Otis Gold Corp. (TSX VENTURE: OOO)(OTCQX: OGLDF) ("Otis" or the "Company") is pleased to announce the results of a recently completed 2012 fall drill program conducted at its Kilgore Gold Deposit, Clark County, Idaho, where several bulk-tonnage intercepts in excess of 80-metres thick have been intersected. Highlights of the drilling include 82.3 metres (m) of 0.95 grams per tonne gold (g/t Au) in hole 12 OKR-291, 121.9 m of 1.04 g/t Au, that includes 45.7 m of 1.52 g/t Au, in hole 12 OKR-292, and 83.8 m of 1.12 g/t Au, that includes 30.5 m of 2.10 g/t Au, in hole 12 OKR-294 (see Table 1 below).
The program consisted of 1,009 metres (3,310 feet) of drilling in 6 reverse circulation ("RC") holes designed to offset and extend the 100-metre-plus thick, near-surface intercepts encountered in Otis discovery core holes drilled into the North Target area in 2011 (see Otis October 6, 2011 News Release). All six holes drilled are mineralized, with four containing significant bulk-tonnage thicknesses and gold grades.
Table 1. Otis Gold 2012 Kilgore Gold Project RC Drill Highlights--------------------------------------------------------------------------------------------------------------------------------------------------------Hole From To Thickness GradeNumber (metres) (metres) (metres) (g/t Au)--------------------------------------------------------------------------------------------------------------------------------------------------------12 OKR-290 13.7 15.2 1.5 1.03 ------------------------------------------------ 35.1 26.6 1.5 0.98 ------------------------------------------------ 61.0 74.7 13.7 0.311 ------------------------------------------------ 102.1 112.8 10.7 0.55--------------------------------------------------------------------------------------------------------------------------------------------------------12 OKR-291 3.0 7.6 4.6 0.67 ------------------------------------------------ 12.2 16.8 4.6 1.32 ------------------------------------------------ 45.7 128.0 82.3 0.95 ------------------------------------------------ includes 105.2 115.8 10.6 2.21--------------------------------------------------------------------------------------------------------------------------------------------------------12 OKR-292 6.1 128.0 121.9 1.04 ------------------------------------------------ includes 38.1 83.8 45.7 1.52--------------------------------------------------------------------------------------------------------------------------------------------------------12 OKR-293 33.5 39.6 6.1 0.45 ------------------------------------------------ 45.8 48.8 3.0 0.63 ------------------------------------------------ 76.2 89.9 13.7 0.30 ------------------------------------------------ 111.3 114.3 3.0 1.17 ------------------------------------------------ 164.6 166.1 1.5 1.48--------------------------------------------------------------------------------------------------------------------------------------------------------12 OKR-294 15.2 29.0 13.8 1.09 ------------------------------------------------ 61.0 144.8 83.8 1.12 ------------------------------------------------ includes 96.0 126.5 30.5 2.10--------------------------------------------------------------------------------------------------------------------------------------------------------12 OKR-295 3.0 13.7 10.7 0.42 ------------------------------------------------ 38.1 73.2 35.1 0.77 ------------------------------------------------ 112.8 129.5 16.7 0.53--------------------------------------------------------------------------------------------------------------------------------------------------------Note: The gold grade calculation is a weighted mean with a 0.250 g/t top andbottom cutoff. The grade calculation includes internal waste and low-gradesections. Holes OKR-290 and OKR-293 are vertical; the remainder were drilledat a 230 degrees azimuth to intercept the general strike of the deposit andstructural features (i.e. Northwest Fault) at right angles so as to providea close approximation to true thickness.RC hole 12 OKR-292 was drilled as a twin to Otis core hole 11 OKC-258 thatcontains 114.3 m of 0.89 g/t Au from 6.1 m to 120.4 m. Assay results fromboth holes compare relatively well with one another in terms of overallaverage grade, thickness, depth, and continuity of mineralization.
