Otish Energy Announces Completion of Phase I on Purini Gold Project
18 March 2011 - 12:37AM
Marketwired
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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Otish Energy Inc. Steve Smith President 604 642-0115
604 642-0116 (FAX) steve@otishenergyinc.com
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