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otis gold corp (OOO) Snapshot

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04/10/14 - C$0.12
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otis gold corp (OOO) Details

Otis Gold Corp. is engaged in the acquisition, exploration, and development of precious metal properties in Idaho, the United States. It explores for gold and silver deposits. The company principally holds a 100% interest in the Kilgore gold project that consists of 232 federal lode mining claims covering an area of 5,130 acres and is located in Clark County, Idaho. Otis Gold Corp. is headquartered in Vancouver, Canada.

otis gold corp (OOO) Top Compensated Officers

Chief Executive Officer, President, Secretary...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

otis gold corp (OOO) Key Developments

Otis Gold Corp. Stakes New Matrix Creek Silver-Gold Target at Oakley

Otis Gold Corp. announced that it has recently staked 41 Federal lode-mining claims to cover its new Matrix Creek silver-gold target that is located within its larger Oakley Project, Cassia County, Idaho. In addition to these claims, the company has applied for a 320-acre state lease with the Idaho Department of Lands. This increases Otis' total land holdings at Oakley to 2,350 acres. Matrix Creek is a detachment-related silver-gold target located approximately 1 mile southeast of the company's Blue Hill Creek target, which is currently optioned to Radius Gold Inc. and contains an historic Inferred 235,000 ounce gold resource. The new Matrix Creek claims are owned 100% by Otis and are not subject to terms of the recent agreement with Radius. The Oakley Project is located 13 miles south of Oakley, Idaho and 2-miles north of the Idaho-Utah state line on the west flank of the Albion Metamorphic Core Complex. Bulk-tonnage silver-gold mineralization crops out in a Black Matrix Breccia (BMB) within the Matrix Creek detachment fault zone cutting Paleozoic quartzite. Outcropping mineralization is contained within stacked sheets between 5- to 15-metres-thick and is exposed along the ridge of a large synclinal fold over a surface area approximately 200 metres by 350 metres. This mineralization comprises a brecciated structural zone along the northern limb of the fold. Fourteen rock-chips of BMB outcrop collected along the ridge contain significant silver-gold mineralization. The samples contain up to 306 g/t Ag and up to 1.34 g/t Au, with all 14 samples averaging 70.4 g/t Ag and 0.55 g/t Au. The equivalent gold grade of the 14 samples is 1.67 g/t Au. Preliminary 48-hour bottle-roll results performed by ALS Chemex Labs in Vancouver, B.C., suggest that the gold is up to 82% recoverable and that the silver is up to 93% recoverable.

Otis Gold Corp. Announces Resignation of Roger Norwich as its Director

Otis Gold Corp. announced that Dr. Roger Norwich has resigned as a director of the company due to health reasons. Dr. Norwich has been an active member of the Board of Directors since October 2012, and also served as a Member of the Audit Committee.

Otis Gold Corp., Annual General Meeting, Mar 14, 2014

Otis Gold Corp., Annual General Meeting, Mar 14, 2014., at 10:00 Pacific Standard Time. Location: Suite 2760 - 200 Granville Street. Agenda: To consider and receive the annual report of the directors of the company; to consider the audited financial statements of the company for the year ended June 30, 2013, together with the auditor's report; to consider and appoint auditors for the company and to authorize the board of directors to fix the remuneration to be paid to the auditors; to consider and fix the number of directors at five; to consider and elect directors for the ensuing year; to consider and approve the renewal of the company's Stock Option Plan; to consider authorizing and approving an amendment to the Company's constating documents to change the name of the Company to Stateside Gold Corp.; to consider and approve and ratify all acts, deeds and proceedings of the directors and officers; and to consider and transact such other business as may properly come before the meeting, or at any adjournment at the meeting.


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