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    OTSO   CA68916P1045

OTSO GOLD CORP.

(OTSO)
Delayed Quote. Delayed Bourse de Toronto - 09/16 10:03:06 am
0.085 CAD   -5.56%
08/19Otso Gold Corp. Updates Mineral Resource Estimate
CI
08/19OTSO GOLD : IIROC Trading Resumption - OTSO
AQ
08/19OTSO GOLD : IIROC Trading Halt - OTSO
AQ
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Otso Gold Corp. Announces Following Update on Its Drilling Program

06/01/2021 | 10:21am EDT

Otso Gold Corp. announced the following update on its drilling program. Further to the announcement on May 17,2021, the drilling campaign continues to deliver exciting results, exceeding the Company's expectations, including: LV21027 5.45 m @ 7.17 g/t Au starting at 37.85 m; LV21027 3.68 m @ 2.32 g/t Au starting at 50.65 m; LV21001 18.47 m @ 1.69 g/t Au starting at 28.90 m; LV21001 3.42 m @ 1.34 g/t Au starting at 63.58 m; LV21003 1.65 m @ 1.20 g/t Au starting at 67.95 m; LV21009 2.13 m @ 1.37 g/t Au starting at 72.45 m; LV21015 6.30 m @ 1.78 g/t Au starting at 18.50 m; LV21003 1.65 m @ 1.20 g/t Au starting at 67.95 m; LV21017 2.55 m @ 1.81 g/t Au starting at 37.95 m; LV21019 1.70 m @ 1.27 g/t Au starting at 24.40 m; LV21024 1.40 m @1.17 g/t Au starting at 28.20 m. All results are all from drill holes within 500m of the existing pits in line with the company's plan to restart production in Third Quarter 2021 by extending the foot prints of the North and South Pits by focusing initial mining on the pit extensions. Figure 1, below, demonstrates the progress of the drilling program. As previously announced, the results from the Phase Two drilling campaign will inform the John T. Boyd authored NI 43-101 Technical Report and inital mine plan of 3Mt expected to be published in June 2021 in advance of the restart of production in Third Quarter 2021. The pit extensions include the New Hope area which had been partially cleared of overburden to investigate geochemical anomalies in the area. The Company expects to release assay results on this area shortly; however, logging of the core and previous channel samples suggest on surface extensions of the mineralization, that is, mineralized shear zones and sulphide-bearing quartz veins with the same style of deformation and mineralization characterising the deposit. The Company will be focusing part of the Phase Two drill program on testing the continuity of mineralization in the area. The company notes this area was not included in the Company's previous resources. The core is analysed using cyanide leach with AA finish. Fire assays are used for comparative analysis to CN soluble determinarions. Overall, CN soluble gold represents approximarely 95% of total contained gold for this deposit demonstrating the conservative nature of the results.


© S&P Capital IQ 2021
All news about OTSO GOLD CORP.
08/19Otso Gold Corp. Updates Mineral Resource Estimate
CI
08/19OTSO GOLD : IIROC Trading Resumption - OTSO
AQ
08/19OTSO GOLD : IIROC Trading Halt - OTSO
AQ
08/19OTSO GOLD : Updated Mineral Resource Estimate
AQ
08/11OTSO GOLD : Executes Mining Contract for the Restart of Production in September
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07/21OTSO GOLD : Announces Proceeds of US$11.155 Million from Warrant Exercise and Co..
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06/29Otso Gold Corp. Reports Earnings Results for the First Quarter Ended April 30..
CI
06/14OTSO GOLD CORP : . - Appointment of Chief Financial Officer
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06/11Otso Gold Corp. Announces Appointment of Andrey Maruta as Chief Financial Off..
CI
06/11OTSO GOLD : Appointment of Chief Financial Officer
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More news
Financials
Sales 2021 - - -
Net income 2021 -15,4 M -12,1 M -12,1 M
Net Debt 2021 31,3 M 24,7 M 24,7 M
P/E ratio 2021 -0,64x
Yield 2021 -
Capitalization 76,8 M 60,6 M 60,7 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 13,9%
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Managers and Directors
Brian S. Wesson President, Chief Executive Officer & Director
Andrey Viktorovich Maruta Chief Financial Officer
Vladimir Lelekov Chairman
Dace Church Administration Manager
Yvette Harrison Independent Director
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