Pilot Gold (PLG-T) reports 5.59 G/T gold over 38.1 metres in step-out drilling at Kinsley Mountain
July 10, 2014 - News Release
Pilot Gold is pleased to announce that drilling to the north and west of the recently-discovered zone of high-grade gold mineralization in the Western Flank area has returned long intercepts of gold mineralization in multiple horizons. Highlights of step-out drilling include:
| Drill Hole | From (m) | To (m) | Intercept (m) | Grade (g/t) | Unit | | PK158C (22m step-out) | 274.9 | 313.0 | 38.1 | 5.59 | Secret Canyon | | including | 282.5 | 299.3 | 16.8 | 9.99 | | | | | | | | PK141C (50m step-out) | 136.2 | 143.3 | 7.0 | 1.12 | Candland Shale | | and | 276.5 | 293.2 | 16.8 | 2.46 | Secret Canyon | | and | 360.3 | 390.8 | 30.5 | 3.81 | | | | | | | | PK151C (30m step-out) | 133.0 | 143.3 | 10.2 | 2.04 | Candland Shale | | and | 292.9 | 305.4 | 12.5 | 8.35 | Secret Canyon | | including | 297.6 | 303.9 | 6.2 | 14.5 |
"The Western Flank continues to grow and remains open in multiple directions," stated Matt Lennox-King, President & CEO of Pilot Gold. "Since its discovery in late 2013, drilling has demonstrated strong grades and continuity, highlighting Kinsley's status as the premier exploration project in the western United States."
For a table of 2014 Kinsley Mountain drill results to date, including non-reportable intercepts, please click here:
pilotgold.com
For a drill map outlining the Western Flank/Secret Spot area, please click here:
pilotgold.com
Western Flank drill program
The 2014 drill program is designed to extend and delineate the high-grade Western Flank zone and test for mineralization in several stratigraphic horizons along a 2 kilometre-long, north-northeast-trending corridor from the Western Flank discovery to the Right Spot and Secret Spot targets. High grade gold mineralization at the Western Flank is hosted mostly in the Secret Canyon Formation - a newly discovered host horizon not recognized by prior operators - as well as within the previously exploited, variably oxidized, Candland shale host horizon.
Results from the current phase of drilling in the Western Flank zone suggest a more complex, structurally-controlled body of mineralization than originally contemplated, with both an east-west and north-south elongation. In addition, a lower zone of mineralization, lying approximately 100 metres below the main, high grade zone, was encountered in PK141C and PK158C. New data and results are continually integrated into the geologic model, resulting in a refined and evolving understanding of the mineralized system at the Western Flank.
Drilling at Kinsley is ongoing at the Western Flank and the Secret Spot target areas. A total of 10,325 metres in 9 core and 22 RC holes have been drilled since the start of the program, with assays pending for 8 holes.
Moira Smith, Ph.D., P.Geo., Chief Geologist, Pilot Gold, is the Company's designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and has reviewed and validated that the information contained in the release is accurate. Drill composites were calculated using cut-offs of 0.20 and 5.0 g/t. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals are interpreted to be between 30-90% of the reported lengths. Drill samples were assayed by ALS Chemex (ISO9001:2000) in Reno, Nevada for gold by Fire Assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 5.0 g/t were re-assayed and completed with a gravimetric finish. For these samples, the gravimetric data were utilized in calculating gold intersections. For any samples assaying over 0.2 ppm an additional cyanide leach analysis is done where the sample is treated with a 0.25% NaCN solution and rolled for an hour. An aliquot of the final leach solution is then centrifuged and analyzed by AAS. QA/QC for all drill samples consists of the insertion and continual monitoring of numerous standards and blanks into the sample stream, and the collection of duplicate samples at random intervals within each batch. Selected holes are also analyzed for a 51 multi-element geochemical suite by ICP-MS. |
