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Pilot Gold Reports Strong Silver Drilling Results at KCD Target, TV Tower Project

Pilot Gold Inc. is pleased to report that drilling focused on the near-surface zone of silver-only mineralization at the KCD target, TV Tower continues to return strong silver results, including 90.2 g/t silver (Ag) over 91.5 metres in step-out drilling to the north.

With these results, the silver zone has expanded to cover an area measuring approximately 600 by 600 metres and remains open to the north. Recent silver highlights include:

Step-out highlights:

  • 90.2 g/t Ag over 91.5 metres in KCD-151R*, including 176 g/t Ag over 34.5 metres
  • 43.6 g/t Ag over 61.5 metres in KCD-149R

Infill highlights:

  • 51.4 g/t Ag over 77.5 metres in KCD-148, including 94.8 g/t Ag over 29.7 metres
  • 37.2 g/t Ag over 95.2 metres in KCD-157, including 111 g/t Ag over 11.7 metres

In addition to strong step-out and infill results in the silver zone, drill hole KCD-164 returned high grade gold, silver and copper in the northwestern portion of the KCD gold zone. Mineralization resembles that observed in the original high-grade discovery breccia zone. Highlights include:

  • 6.99 g/t Au, 150 g/t Ag, 10.1% Cu over 5.0 metres in KCD-164, including ◦14.3 g/t Au, 494 g/t Ag, 35.1% Cu over 1.1 metres

“Pilot Gold’s 2013 program at KCD has been very successful to date, with the drilled footprint of high-grade gold and silver mineralization continuing to grow with each step-out and strong infill holes providing increased confidence in the target’s potential,” said Matt Lennox-King, President and CEO, Pilot Gold.

Pilot Gold is advancing KCD towards resource definition while continuing to develop the district-scale potential across TV Tower. Drilling is planned for 2013 at other high-priority targets including Kayali and Karaayi.

New zone of gold mineralization:

Several of these recent drill holes also reveal near-surface, oxidized, gold-bearing intercepts from three drill sites spaced approximately 100 metres apart, overlying the silver zone. These oxide intercepts are related to a silicified tuff horizon exposed for over 300 metres along a WNW-ESE trending ridge at the top of KCD (see map link). Previous surface rock sampling in this area returned up to 1.1 g/t Au, which is also marked by elevated gold in soil immediately down-slope to the south of the ridge exposures. Based on the distribution of intercepts, the new oxide gold zone dips gently northward and is open to the northwest. Mapping and sampling of this gold zone is in progress.

Oxide gold intercepts include:

  • 0.56 g/t Au over 18.0 metres in KCD-165R
  • 0.57 g/t Au over 9.0 metres in KCD-156R
  • 0.87 g/t Au over 7.0 metres in KCD-155
  • 0.71 g/t Au over 6.0 metres in KCD-158

All true widths are 50-100% of reported widths unless otherwise stated. All intervals of no sampling have been assigned zero grade for the purposes of compositing.

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

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