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Monday, November 20, 2017 Derek Macpherson

Otis’ Initial 2017 Drill Results Look Good

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Otis Gold Corp. (TSXV:OOO) has reported assay results from five holes at its Kilgore Project in Clark County, Idaho. The assays are the most recent results from the company’s 25 hole, 8,000m drill program with the remaining holes nearly completed and further assays pending. The company highlighted a bulk-tonnage intercept of 110.6m grading 0.90 g/t Au in hole 17 OKC-362, 65.5m grading 1.21 g/t Au in hole 17 OKC-362 and 62.5m grading 1.11 g/t Au in hole 17-OKC 364. The objective of the drilling campaign is to follow-up on drilling in 2015 and 2016, which previously defined numerous intervals of significant thickness and grade in the Aspen zone that were open at depth. Testing for the extensions of the Aspen mineralization at depth, in addition to other extensions of the deposit, was the main objective behind 2017 drilling. At C$37/oz, Otis currently trades at a slight discount to peers (C$56/oz). We believe this valuation does not fully account for the potential resource growth at Kilgore. We expect ongoing drill results and pending resource update (Q4 2017) for Kilgore to be important catalysts for the company.  read more


Tuesday, October 03, 2017 Derek Macpherson

Otis’ Initial 2017 Results Positive; More to Come

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Otis Gold Corp. (TSXV:OOO) reported initial results from its ongoing 2017 exploration program at its Kilgore Project, following up on previous drilling (Figure 1). Mineralization was extended at depth by hole 17 OKC-356 and by depth and laterally with hole 17 OKC-358 in Section 12,400N. In Section 11,800N hole 17 OKC-355 extended mineralization 45-50m to the northeast. Highlights include 1.66 g/t Au over 129.4m (17 OKC-356) and 1.13 g/t Au over 73.1m (17 OKC-358). The company notes initial results show potential to expand resources underneath the Kilgore deposit, in the Aspen Corridor area. Drilling will be completed by the end of the month, results are pending from the 23-hole program, 20 holes have been drilling over 6,100m. At C$45/oz, Otis currently trades at a slight discount to peers (C$54/oz). We believe this valuation does not fully account for the potential resource growth at Kilgore. We expect ongoing drill results and pending resource update (Q4 2017) for Kilgore to be important catalysts for the company. read more


Wednesday, July 05, 2017 Derek Macpherson

Otis Sells Non-Core Properties; Earns 11% Interest in Strata

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Otis Gold Corp. (TSXV:OOO) has sold its non-core properties (Hai and Goldbug projects) in Idaho to Strata Minerals Inc. (TSXV:SMP.H) through its wholly owned subsidiary Otis Capital USA Corp. Subsequent to the transaction, Otis will receive 2,750,000 common shares of Strata at a price of C$0.25 reflecting an 11.14% interest for a total value of C$687,500. We view the transaction positively, as the company has created value from its non-core properties. At C$35/oz, Otis currently trades at a discount to peers (C$49/oz). We believe this valuation does not fully account for the potential resource growth at Kilgore. We expect the upcoming drill program and pending resource update (H2 2017) for Kilgore to be important catalysts for the company. read more


Thursday, June 01, 2017 Derek Macpherson

Otis Adds Acres at Kilgore

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Otis Gold Corp. (TSXV:OOO) has increased its land package at its Kilgore Gold Project to 9,080 acres, by staking 52 claims in and around the property (Figure 1). The action was supported by successful regional exploration work and achieved in order to acquire a 300m by 180m structural corridor along the property’s boundary. Otis continues to own 100% of the project, including the additional claims and continues to seek potential opportunities for further expansion. At C$41/oz, Otis currently trades at a discount to peers (C$50/oz). We believe this valuation does not fully account for the potential resource growth at Kilgore. We expect the upcoming drill program and pending resource update (H2 2017) for Kilgore to be important catalysts for the company. read more


Thursday, April 27, 2017 Derek Macpherson

Otis Adds Experience to its Advisory Board

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Otis Gold Corp. (TSXV:OOO) appointed Michael Vint current Vice President of Endeavour Financial Ltd to its Advisory Board. Mr. Vint’s experience in reviewing and assessing mining projects worldwide is an important asset to add to the team as the company continues to advance the Kilgore gold project. Otis is planning a 10,000m exploration program for Kilgore later this year, followed by a resource update which will include 14,000m of drilling completed since the last estimate completed in 2012. At C$48/oz, Otis currently trades at a discount to peers (C$54/oz). We believe the market does not appear to fully account for the potential resource growth at Kilgore. We expect the upcoming drill program and pending resource update (H2 2017) for Kilgore to be important catalysts for the company. read more


Thursday, April 13, 2017 Derek Macpherson

Otis' Exploration Activities Advance Kilgore

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Otis Gold Corp. (TSXV:OOO) provided an update on the exploration activities completed at the Kilgore Deposit and Gold Ridge exploration target at its Kilgore Gold Project in Idaho. The company completed magnetic and soil surveys at the Kilgore deposit and the surrounding areas, which revealed targets for future exploration. Otis is also in the process of planning a 2017 exploration program, which will consist of 8,000m of expansion drilling at Kilgore in late July, with permits expected later this quarter. At C$41/oz, Otis currently trades at a discount to peers (C$52/oz). We believe the market does not appear to fully account for the potential resource growth at Kilgore. We expect the upcoming drill program, pending resource update (Q2 2017) and PEA (Q3 2017) for Kilgore to be important catalysts for the company. read more


Wednesday, March 15, 2017 Derek Macpherson

Otis Consolidates Ownership of the Oakley Project

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Otis Gold Corp. (TSXV:OOO) announced it has reached an agreement to bring its interest in the Oakley gold project in Idaho to 100%. Otis expects to acquire the remaining 20% stake in the Blue Hill Creek and Matrix Creek properties, which together with the Cold Creek property, comprise the Oakley project. In addition, the agreement entails a reduction of a NSR royalty on Blue Hill Creek and Matrix Creek from 2.5% to 2.0%. The total consideration of the transaction consists of 380k Otis shares, implying a total value of C$112.1k based on Otis’ close price on March 14, 2017 (C$0.295/sh). Blue Hill Creek has a 163k oz Au (11Mt at 0.51 g/t Au) inferred resource that is hosted in a shallow epithermal system which remains open in several directions. Previous drill results have intersected gold mineralization over +100m wide intervals. Limited exploration has taken place on the adjacent Matrix Creek property which hosts a mineralization distinctive from that of Blue Hill Creek. In our view, the consolidation of Oakley, a secondary project, is mildly positive and may help accelerate exploration on this project. At C$37/oz, Otis currently trades at a discount to peers (C$50/oz). We believe the market does not appear to fully account for the potential resource growth at the company’s flagship Kilgore project which is located in Idaho, a stable jurisdiction, and in the vicinity of infrastructure. Coupled with the recent strategic ~C$5.05 million investment by Agnico Eagle Mines Ltd (TSX:AEM, NYSE:AEM), we expect the pending resource update (Q2 2017) and PEA (Q3 2017) for Kilgore to be important catalysts for the company, allowing it to close the valuation gap to peers. read more


Sunday, February 26, 2017 Derek Macpherson

RCKS Pre-PDAC Mining Showcase Presenter Preview

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On Friday March 3th, 2017, Red Cloud Klondike Strike Inc. will be hosting its 5th Annual Pre-PDAC Mining Showcase. The event features presentations from 21 companies, including a themed lunch presentation by leading corporations in the gold mining sector. Visit the event page for more details on the day’s schedule. In this post, we provide a brief preview on the 21 presenting companies and 13 banner sponsors that will also be in attendance.  read more


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