Pilot Gold Provides Results from 2014 Drill Program at Kinsley Mountain Project

Pilot Gold Inc. is pleased to report results from the remaining holes from the 2014 drill program at the Kinsley Mountain Project in eastern Nevada and provide an outlook of activities planned in 2015.

Pilot Gold drill tested the 550 metre-long gap between the Western Flank high-grade gold zone and the historic pits in the Kinsley Trend with three holes in a fan from one drill site. The northerly of the three reverse-circulation (RC) holes provides the first confirmation that high-grade mineralization is present between the two mineralized zones:

• 6.15 grams per tonne ("g/t") gold over 7.6 metres in PK200, including
  • 8.73 g/t gold over 4.6 metres (Secret Canyon Shale host)

"We are very excited to finish the 2014 program on a high note that confirms our geologic model for discovering new areas of mineralization," stated Matt Lennox-King, President and CEO. "In 2015 we plan to test a number of new targets in the main claim area as well as first-pass drilling of the northern claims. Coupled with the recent metallurgical results, Kinsley Mountain is quickly establishing itself as the premier exploration project in the Great Basin."

SILICA KNOB TARGET

A single RC hole tested the intersection of a NW-striking fault and the northern extension of the NNE-striking Western Flank structure located approximately 1.4 km north of the Western Flank high-grade zone. PK203 encountered significant alteration and returned 0.4 g/t gold over 9.1 metres, including 1.2 g/t gold over 1.5 metres in the Secret Canyon Shale target interval. This test extends the area of potential gold mineralization along the Western Flank of the Kinsley range to over 3 kilometres, and importantly, provides additional proof of concept that gold is present at the intersections of NW- and NNE- trending structures.

2014 PROJECT HIGHLIGHTS

2014 was a pivotal year for the project, with results demonstrating that gold is concentrated at the intersections of NW and NNE-trending high-angle structures and that the Secret Canyon Shale horizon, host to the high-grade mineralization in the Western Flank, is a viable target over the entire property. The horizon is largely untested, and it is unlikely that the Western Flank is the only high-grade zone.

Highlights include:

• Continued exploration success at Western Flank high-grade target, including:
  • 6.85 g/t Au over 41.7m in PK127C
  • 10.52 g/t Au over 42.7m in PK131C
  • 21.3 g/t Au over 29.0m in PK137C
  • 6.19 g/t Au over 45.7m in PK175CA
  • 10.31 g/t Au over 39.6m in PK186C
• Amended Plan of Operations for additional 23 acres of disturbance for the Kinsley North claims
• Secured 1,080 acre feet of water rights
• Added 63 claims (1925 acres) to the land package
• Discovered gold mineralization in the Right Spot, Secret Spot, and Silica Knob targets
• Carried out flotation testing on Secret Canyon Shale-hosted mineralization, with up to 95% total recovery and concentrate grades up to 312 g/t gold achieved (see press release of January 19, 2015).

Source: http://www.pilotgold.com/