Apr 25 2014
Pilot Gold Inc. is pleased to announce that infill and step-out drilling at Kinsley Mountain's Western Flank target continues to intersect high grade gold mineralization, including 21.3 grams per tonne gold over 29.0 metres in PK137C.
The upper portion of this intercept, including an interval grading 46.4 g/t Au over 4.9 metres, is oxidized, similar to other nearby drill holes with high grade zones of oxidation.
Highlights from the five remaining drill holes from the 12-hole, 3,500 metre winter diamond drilling program in the Western Flank area include:
- 10.6 g/t Au over 30.0 metres in PK133C (step-out), including
- 16.1 g/t Au over 16.5 metres;
- 1.44 g/t Au over 12.2 metres and 2.84 g/t Au over 18.9 metres in PK134C (step-out)
- 21.3 g/t Au over 29.0 metres in PK137C* (infill), including
- 46.4 g/t Au over 4.9 metres (oxide), and
- 32.7 g/t over 11.4 metres
- 15.6 g/t Au over 38.7 metres in PK137CA (infill), including
- 26.2 g/t Au over 21.9 metres;
*PK 137C was lost in the mineralized zone due to poor ground conditions higher in the hole, and does not represent a complete intercept of the zone. PK137CA was wedged off the same hole from above the mineralized zone using NQ tools and was completed through the mineralized zone in a location immediately adjacent to PK137C, effectively representing a twin of PK137C and a complete intercept of the mineralized zone.
"Kinsley Mountain is quickly emerging as Nevada's leading exploration project due to its high grade drill results and district potential," stated Matt Lennox-King, President and CEO. "The newly discovered high grade Western Flank zone continues to grow and remains open in all directions. As a result, we have significantly increased the 2014 exploration program by $1.57 million and 8,600 additional metres of drilling. We are looking forward to the resumption of drilling in early May."
Hole PK137C/CA is an infill hole between PK132C (7.53 g/t over 53.3 m), PK131C (10.5 g/t Au over 42.7 m) and PK91CA (8.53 g/t gold over 36.6 metres) (see press releases dated March 12, 2014 and November 18, 2013), and provides additional definition along a 150 metre-long, NW-trending zone of high-grade mineralization intersected in five drill holes in the central Western Flank target area. The strong results along this trend suggest that the mineralization may be an extension of the 2.2 kilometre long NW-SE "Kinsley Trend" structural zone, along which the historic pits are aligned. Shallow historic drilling in the pits stopped short of testing the stratigraphic horizon hosting high-grade mineralization in the Western Flank target, and thus the potential for mineralization below the limits of the pits may be extensive.
PK133C (10.6 g/t Au over 30.0 metres) and PK134C (2.84 g/t Au over 18.9 metres) are step-out holes located 43 metres northeast and 43 metres south, respectively, of PK131C. These holes delineate the potential width of the zone of high-grade mineralization, which is open in all directions. Geological data suggest the presence of a gently northeast-dipping, tabular, partially stratabound zone of mineralization.
Current activities on the property include construction of drill roads to access areas between the Western Flank and the Right Spot and Secret Spot target areas, located up to 2 km to the southwest, as well as areas between the Western Flank and the historic Upper Pit, located 550 metres to the southeast. Areas to the south of the Right Spot are undergoing detailed surface mapping, sampling and target generation. Drilling is set to resume in early May with one core drill and two reverse circulation drills.
Source: https://libertygold.ca/