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ESS Esstra Industries Inc

0.30
0.05 (20.00%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Esstra Industries Inc TSXV:ESS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.05 20.00% 0.30 0.30 0.40 0.30 0.30 0.30 5,000 20:16:50

Otis Receives Preliminary Environmental Scoping Study on Kilgore Gold Project

06/01/2011 12:30pm

Marketwired Canada


Otis Gold Corp. ("Otis" or the "Company") (TSX VENTURE:OOO)(PINK SHEETS:OGLDF)
is pleased to announce that it has received a final copy of the Preliminary
Environmental Scoping Study ("ESS") on the Company's Kilgore Gold Project from
Golder Associates Inc. ("Golder") of Denver, Colorado. Golder conducted a site
visit of the project in October 2010, which resulted in a 94-page report that
provides an overview of the ecological, environmental and cultural issues
involved in developing a gold mine at the deposit's location in Clark County,
Idaho. The Golder study concluded: "No local organizations that would oppose the
facility have been identified," and "At this time, no issues have been
identified that are considered fatal flaws," in connection with future mine
permitting activities.


Golder's ESS outlines 11 areas where permits or approvals may involve standard
baseline studies. Some of the data have already been collected, but there are
other areas where data is required, most notably, hydrologic characterization
and baseline monitoring, a 1-year monitoring of air quality and meteorological
data, a local soil survey at a scale of 1:12,000, and a Class III Cultural
Resource Inventory, all of which were recommended.


The Company plans on initiating many of these baseline studies during the
upcoming 2011 field season along with necessary drilling planned to step-out and
infill the newly identified 250-metre long mineralized zone described in Otis'
most recent December 16, 2010 news release.


John R. Carden, Ph.D., Lic. Geo., a Qualified Person as defined by National
Instrument Policy 43-101, is responsible for the technical information contained
in this News Release.


About the Company

Otis is a resource company focused on the acquisition, exploration, and
development of precious metal deposits in Idaho, USA. Otis is currently
developing its flagship property, the Kilgore Gold Project located in Clark
County, Idaho.


ON BEHALF OF THE BOARD

Craig T. Lindsay, President and CEO

This news release does not constitute an offer to sell or a solicitation of an
offer to sell any securities in the United States. The securities have not been
and will not be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


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