Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Bourse de Toronto
  5. Otso Gold Corp.
  6. News
  7. Summary
    OTSO   CA68916P1045

OTSO GOLD CORP.

(OTSO)
Delayed Quote. Delayed Bourse de Toronto - 09/24 03:59:13 pm
0.075 CAD   --.--%
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
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Otso Gold Corp. Announces Update on Drilling Program

05/17/2021 | 11:10am EDT

Otso Gold Corp. announced the update on its drilling program. As announced on April 7, 2021, the Company has been completing the second phase of its infill drilling campaign to define an intial mining plan and the planned release of an updated NI 43-101 Technical Report in June 2021 in advance of the planned restart of production in Third Quarter 2021. The Company has completed 5,300m of drilling since mid 2019 with over 3,000m of the planned 4,500m completed of its Phase Two drilling program. The balance of the drilling, sampling and assaying is expected to be completed during the next month. The Company has had between three and four drilling rigs on site over the last few weeks. To manage the drilling program and prepare for the return to production, the Company has built a team of six geologists on site including highly experienced staff and supported by Warren Pratt and Boyd Geologists. Assays for much of the drilling are pending, but highlights of the results received thus far include: LV21025 4.40 metres@ 5.13 g/t Au starting at 61.70 metres; LV21029 9.95 metres@ 1.86 g/t Au starting at 18.75 metres; 19LV0026 4.00 metres@ 1.71 g/t Au starting at 9.00 metres; 19LV0026 4.00 metres@ 1.20 g/t Au starting at 44.65 metres; 19LV0064 4.00 metres@ 1.43 g/t Au starting at 24.75 metres; 19LV0001 4.00 metres@ 2.17 g/t Au starting at 35.40 metres; 19LV0001 5.20 metres@ 1.37 g/t Au starting at 65.00 metres. The Phase Two drilling campaign is focused on the resulting planned publication of the Technical Report defining sufficient resources to support an inital mine plan of ~3Mt, for the restart of production in Third Quarter 2021. The feasibility study, progressing in parallel with the return to production, is currently expected in August 2021 and is expected to further upgrade and extend the resources and define a further life of mine plan encompassing an increased pit footprint of up to four times the existing pit shells. As previously announced, John T Boyd have been appointed as independent technical consultants to complete both the Technical Report and the Feasibilty Study. Drilling is currently focused in an area within 500m of the edges of the two existing pits, infilling lateral extensions of the shear hosted structures to the east and west of the red shear. The structures remain open on strike and are known to extend to 250m below surface as confirmed by deep drilling below the south pit. The Company observes that the mineralization is similar to major operations such as Red Lake (Canada) and Boddington (Australia). The ongoing drill program is confirming the continuity of the mineralized structures outside the pit area, with well-defined trends, roughly NW-SE. The style of the minerlization consists of steeply-dipping sheeted quartz vein systems and shear zones bearing sulphides in meta-volcanics and quartz-diorite hosts. The core is analysed using cyanide leach with AA finish. Fire assays are used for comparative analysis to CN soluble determinarions.


ę 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
AQ
07/21OTSO GOLD : Announces Proceeds of US$11.155 Million from Warrant Exercise and Corporate Up..
AQ
06/29Otso Gold Corp. Reports Earnings Results for the First Quarter Ended April 30, 2021
CI
06/14OTSO GOLD CORP : . - Appointment of Chief Financial Officer
AQ
06/11Otso Gold Corp. Announces Appointment of Andrey Maruta as Chief Financial Officer
CI
06/11OTSO GOLD : Appointment of Chief Financial Officer
AQ
More news
Financials
Sales 2021 - - -
Net income 2021 -15,4 M -12,1 M -12,1 M
Net Debt 2021 31,3 M 24,7 M 24,7 M
P/E ratio 2021 -0,64x
Yield 2021 -
Capitalization 67,8 M 53,4 M 53,5 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 13,9%
Chart OTSO GOLD CORP.
Duration : Period :
Otso Gold Corp. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Brian S. Wesson President, Chief Executive Officer & Director
Andrey Viktorovich Maruta Chief Financial Officer
Vladimir Lelekov Chairman
Dace Church Administration Manager
Yvette Harrison Independent Director
Sector and Competitors
1st jan.Capi. (M$)
OTSO GOLD CORP.87.50%53
FRANCO-NEVADA CORPORATION4.22%25 041
GOLD FIELDS LIMITED-12.87%7 101
ENDEAVOUR MINING PLC-0.61%5 777
EVOLUTION MINING LIMITED-27.66%4 795
PT ANEKA TAMBANG TBK18.35%3 849