Pilot Gold is pleased to report that step-out core drilling has intersected thick intervals of high-grade near-surface silver mineralization at the Kücükdag target and broadened the footprint of the systemby an additional 100 metres to the north. Kücükdagis one of four targets currently being drill-tested on the Company’s 40%-owned TV Tower project in northwest Turkey.
Highlights from recent step-out drilling at Kücükdag are as follows:
Hole KCD-18 returned 171.00 grams/tonne silver over 47.50 metres: including;
259.97 g/t silver over 27.90 metres;
Hole KCD-17 returned 45.15 g/t silver over 113.8 metres, including;
95.27 g/t silver over 11.2 metres;
Hole KCD-16 returned 51.94 g/t silver over 74.50 metres.
Also noteworthy, hole KCD-19 was completed through the central part of the Kücükdag breccia as a PQ-core twin (large diameter) of the previously reported hole KCD-02. KCD-19 was drilled to upgrade core recoveries within the mineralized interval and provide material for metallurgical testing.
Hole KCD-19 returned3.80 g/t gold, 0.82% copper, and 20.06 g/t silver over 131.80 metres, including:
9.54 g/t gold, 2.16% copper, and 43.51 g/t silver over 45.00 metres.
All true widths are 60-90% of reported widths unless otherwise stated. All intervals of no sampling have been assigned zero grade for the purposes of compositing. For a comprehensive table of drill results to date, including new and non-reportable intercepts, please click: http://www.pilotgold.com/sites/default/files/KCDDrillResults1120.pdf
For maps highlighting recent drilling, please click:
“These new high-grade silver intercepts, coupled with the previously reported high-grade gold intercepts, demonstrate the strong multi-element nature of the Kücükdag area and greatly enhance the overall grade potential,” stated Ian Cunningham-Dunlop, COO for Pilot Gold.
The Kücükdag targetis a high-sulphidation epithermal system characterized by high-grade gold-silver-copper breccia hosted mineralization. The mineralized breccia remains open to the north, east, and west with a current drilled footprint of 300 x 400 metres.
The 2011 drill program at Kücükdag is designed to aggressively expand the mineralized breccia. Step-out drilling is planned through the remainder of 2011 with three core rigs. To date, approximately 4,200 metres have been drilled at Kücükdag with assays pending for eight drill holes.
Teck Madencilik Sanayi Ticaret A.S. (“TMST”), a Turkish subsidiary of Teck Resources Limited (“Teck”), is Pilot Gold’s 60% partner and the project operator
About The TV Tower Project:
The TV Tower Project is a large, road-accessible property covering more than 65 square-kilometres located in the Biga District of northwest Turkey. Since 2004, Pilot Gold’s technical team has played an important role in establishing the prospectivityand gold endowment of the Biga District, following recognition of the potential and staking of the area by Teck. Eighthigh-conviction targets have been identified with widespread epithermal to porphyry characteristics typical of those seen at other deposits in the Biga District.
All drill samples and analytical data for TV Tower are collected under the supervision of TMST, using industry standard QA-QC protocols. Ian Cunningham-Dunlop, P. Eng, VP Exploration and Chief Operating Officer for Pilot Gold, and a “Qualified Person” within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), is responsible for compiling the technical information contained in this release. Mr. Cunningham-Dunlop has not verified all of the assay data generated by TMST as project operator. However, the grades and widths reported here agree well with the Company’s past results on the project and TMST has given him no reason to doubt their authenticity.
ABOUT PILOT GOLD
Pilot Gold is a gold exploration company focused on advancing Halila?a, TV Tower and our pipeline of projects in Nevada. For more information, visit www.pilotgold.com or contact:
Matt Lennox-King, President & CEO
Patrick Reid, VP Corporate Development
Phone 604-632-4677 or Toll Free 1-877-632-4677