Otish Energy Commences Phase II Work Program on Puruni Gold Project, Guyana
12 May 2011 - 11:30PM
Marketwired
(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.
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
www.otishenergyinc.com
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