Pilot Gold Confirms Gold at a New Target, Sub Parallel to the Main Zone at Goldstrike, Utah

VANCOUVER, B.C. – Pilot Gold Inc. (PLG – TSX) (“Pilot Gold” or the “Company”) is pleased to announce drill results from the newly tested Peg Leg target at the 100% controlled Goldstrike Project in southwestern Utah. The primary target at Goldstrike is shallow, Carlin-style, oxide gold mineralization within the 14 km2 “Historic Mine Trend”, between and down-dip of historic open pits. The Peg Leg target is 1500 metres long and is located southwest of the Main Zone near the historic Covington and Hamburg Pits.

A helicopter-borne MAG-VTEM survey has been completed over the 10 km2 Kinsley Project, in order to better define drill targets on a regional scale. In 2014, Pilot Gold discovered the Western Flank gold deposit in the Secret Canyon Shale and outlined an indicated gold resource of 284,000 ounces grading 6.04 g/t and an additional inferred resource of 39,000 ounces of gold grading 2.41 g/t (using multiple cut-offs1). In 2016, one drill target southwest of the Kinsley Main historic pit was tested with four holes, with no significant gold intercepts. Twelve new target areas, some of which have been confirmed to be gold bearing based on compilation of historical drill results, have been selected for potential future drill programs. The airborne survey will be used to assist in locating drill holes for these future programs.

For the full press release click here.

Category: News Story

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