VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2011) - (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 Gutiérrez of Peru to oversee the work program. Mr. Gutiérrez is an exploration geologist with more than ten years experience, working with several well-known mining and geotechnical companies in Peru and Guyana. Mr. Gutiérrez 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.
Contact Information:
Steve Smith
President
604 642-0115
604 642-0116 (FAX)
steve@otishenergyinc.com
www.otishenergyinc.com