VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 28, 2011) - Otish Energy Inc. (the "Company") (TSX VENTURE:OEI) is pleased to announce rock sample assay results from its wholly owned Puruni Gold Project in the Mazaruni Mining District No. 3, Guyana.
Sample PRX-01 returned 1940.0 grams per tonne gold (gpt Au) or 56.8 ounces per ton gold (opt Au). Sample PRX-02 returned 503.8 gpt Au (14.71 opt Au). Sample PRX-03 returned 791.3 gpt Au (23.28 opt Au). The samples are selective grabs taken from quartz boulders recently excavated from Zone A on the Puruni Property. Zone A is marked by a strong induced polarization anomaly and a coincident gold-in-soil geochemical anomaly.
The sampling was completed by the Otish Gold (Guyana) field crew under the supervision of Martin Zambrano, Senior Geologist. All analytical work was completed at Acme Analytical Laboratories Ltd. ("Acme") in Vancouver, B.C. Acme is accredited under ISO 9001. The samples were bagged on site and then delivered to Acme's facility in Georgetown, Guyana where they were prepared by crushing one kilogram to 80% passing 10 mesh and then pulverizing a 250-gram pulp subsample to 85% passing 200 mesh. The pulps were shipped to Vancouver and initially analyzed for gold by 30g fire assay ICP-MS technique. All three samples were above the detection limit of this technique and accordingly were re-assayed using 30g fire assay gravimetric technique.
"These sample results and the recent induced polarization results suggest the possibility of a gold-bearing quartz vein structure. Drilling is required to confirm the existence of this structure", states Martin Zambrano, Senior Geologist. 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.
Contact Information:
Steve Smith
President
604 642-0115
604 642-0116 (FAX)
steve@otishenergyinc.com
www.otishenergyinc.com