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OEI Otish Energy Inc.

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Share Name Share Symbol Market Type
Otish Energy Inc. TSXV:OEI TSX Venture Common Stock
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Otish Energy Announces Completion of Phase I on Purini Gold Project

17/03/2011 1:37pm

Marketwired Canada


Otish Energy Inc. (the "Company") (TSX VENTURE:OEI) is pleased to announce the
completion of the Phase I exploration program on the Company's Purini Gold
Project in Guyana, SA.


The Company conducted a systematic exploration program to evaluate and develop
the gold potential of the property, including line cutting, hand-powered auger
soil sampling, geological mapping and pit rock chip / soil sampling, channel
sampling of the quartz veins and saprolite, and propose trenching sites and
diamond drilling targets.


Grid location and Sampling stations

A 6.5 by 1.6km grid with Baseline and sampling stations were located in the
Puruni Gold Project using a Garmin GPSmap 76CSx. This grid is distributed in 14
1.6km lines spaced 500m each. Of these 14 lines, each one consists of 16
sampling stations 100m spaced.


Pit Sampling 

The walls of 3 large gold working pits (mainly Brazilian dredge workings), along
with numerous other smaller workings, were checked and sampled. The pits that
were checked but not sampled are at the moment full of water, and were unable to
be worked.


Of these 3 large pits, 9 samples were collected. Saprolite samples in the pits
were taken in 1x1 m panel samples, including 2 sluice box tailing material.


Deep hand auger sampling 

The oil sampling was done with a 3m hand-powered auger and samples were
collected from surface to depths between 2 to 3m. The first 2 m of material is
discarded and the rest of the material collected as 1 m samples which weigh from
2 kg to 5 kg. Unless there was contact with phreatic water, the samples were
taken between 1 to 2m. The samples are going to be analyzed using normal soil
geochem and SGH (first 300m W - Baseline - first 300m E).


The objective of this deep auger sampling is to define a large area with
anomalous gold values. If promising gold values come up from this program, the
area will require additional follow up with mechanical trenching or shallow
diamond drill holes, including infill lines to obtain more soil samples. 224
hand-powered auger soil samples together with 98 SGH soil samples were collected
during Phase 1, making a total of 322 soil samples.


Benoit Moreau, P. Eng. Vice President, Exploration for Otish Energy, is a
qualified person (is such is defined in National Instrument 43-101) and is
responsible for the geological information presented herein.


On Behalf of the Board,

Otish Energy Inc.

Steve Smith, President

This news release may contain forward-looking statements based on assumptions
and judgments of management regarding future events or results. Such statements
are subject to a variety of risks and uncertainties which could cause actual
events or results to differ materially from those reflected in the
forward-looking statements. The Company disclaims any intention or obligation to
revise or update such statements.


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