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Share Name | Share Symbol | Market | Type |
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Otish Energy Inc. | TSXV:OEI | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
(the "Company") (TSX VENTURE:OEI) is pleased to announce its wholly owned Guyana subsidiary Otish Gold (Guyana) Inc. has commenced the second phase of the exploration on the Puruni Gold Project comprising six contiguous land blocks totaling approximately 9000 acres in the Mazaruni Mining District No. 3, Guyana. Five zones on the Puruni property have been identified as prospective for gold based on the results of recently completed saprolite (weathered bedrock) sampling and soil gas hydrocarbon (SGH) surveys (Otish Press Release - April 12, 2011). Two zones with the best SGH responses also returned anomalous gold values from saprolite samples up to a maximum of 4.0 grams per tonne. The Company intends to collect approximately 1000 samples from these two zones. Otish also intends to commence a deep channel sampling and trenching program in the prospective areas to further define drill targets. Otish has hired Martin David Zambrano Gutierrez of Peru to oversee the work program. Mr. Gutierrez is an exploration geologist with more than ten years experience, working with several well-known mining and geotechnical companies in Peru and Guyana. Mr. Gutierrez has been a member of Society of Economic Geologists since January 2009. Mark Fekete, PGeo., a designated qualified person as defined in Section 1.2 in and for the purposes of National Instrument 43-101, has reviewed the technical content of this press release. On Behalf of the Board of 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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