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The first phase of the 10-15,000 m infill drill programme at the
Initial results have included 2.00 metres @ 10.90 g/t Au and 8.10 metres @ 1.99 g/t Au. True widths and other significant intercepts are given in Table 1 below.
Table 1: Significant intercepts table of PAL1000 assay results
----------------------------------------------------------------- |Hole ID |From |To |Interval|True |Azimuth |Dip |Grade| | |(m) |(m) |(m) |Width|(degrees)|(degrees)|Au | | | | | |(m) | | |(g/t)| |---------------------------------------------------------------| |19LV0035|118.15|122.15|4.00 |3.107|360 |50 |2.01 | | |------------------------------------------------------| | |139.20|141.20|2.00 |1.552|360 |50 |10.90| |---------------------------------------------------------------| |19LV0058|27.15 |29.15 |2.00 |1.552|360 |50 |5.37 | |---------------------------------------------------------------| |19LV0066|96.00 |99.00 |3.00 |2.328|360 |50 |2.06 | | |------------------------------------------------------| | |115.00|121.00|6.00 |4.656|360 |50 |1.71 | |---------------------------------------------------------------| |19LV0067|41.30 |44.30 |3.00 |2.328|360 |50 |1.58 | | |------------------------------------------------------| | |122.35|130.45|8.10 |6.285|360 |50 |1.99 | |---------------------------------------------------------------| |19LV0068|35.70 |37.70 |2.00 |1.552|360 |50 |7.56 | |---------------------------------------------------------------| |19LV0081|48.05 |53.05 |5.00 |3.88 |360 |50 |1.76 | | |------------------------------------------------------| | |96.80 |99.80 |3.00 |2.328|360 |50 |1.06 | |---------------------------------------------------------------| |19LV0082|93.65 |97.65 |4.00 |3.104|360 |50 |2.00 | -----------------------------------------------------------------
Note: some results are still pending, only significant results are shown. This table will be extended with the next phase of drilling results.
Important Notes
Sampling and assaying procedures are as described below.
Samples from this drilling program were from half core of 57.5 mm diameter, oriented diamond drill core. Samples and duplicates were taken as 1-meter samples and cut with a core saw on site. Intervals of interest were identified by logging and were submitted in batches to the
PAL1000 analyses are based on cyanide extractable gold and generally understate the gold content, but they are suitable for making changes to the drill plan to prioritize drilling. However, future resource estimates and grade calculations will be based on fire assays.
Disclosures
The technical disclosure in this news release has been reviewed and approved by EUR ING Andrew Carter BSc, CEng, MIMMM, MSAIMM, SME and a Qualified Person as defined by National Instrument 43-101.
The Company cautions that it has not defined or delineated any proven or probable reserves for its Otso Property and mineralization estimates may therefore require adjustment or downward revision based upon further exploration or development work or actual production experience. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
The Company also cautions that the decision by the Company to proceed to develop the
Revocation of TSX Venture Exchange Submission #490700 dated
The Company confirms that it has withdrawn its submission to the
For further information, please contact:
Vice President
1 416 572 2214
info@otsogold.com
www.otsogold.com
About the Company
Neither the
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