Pilot Gold (PLG:TSX) released further assay results from their TV Tower project in Turkey. This round of drilling focused on near-surface silver-only mineralized zone near the KCD target. Step-out drilling highlights include hole KCD-151R which hit 91.5m of 90.2g/t silver including 34.5m of 176g/t silver. Hole KCD-149R intersected 61.5m of 43.6g/t silver. The company also did some infill drilling in this silver zone and the infill highlight was hole KCD-148 which intersected 77.5m of 51.4g/t silver including 29.7m of 94.8g/t silver. This target also encountered strong gold, silver and copper in the northwestern area of the KCD zone (hole KCD-164: 5m of 10.1% copper, 150g/t silver and 6,99g/t gold). This zone appeared to be covered by near-surface, oxidized gold mineralization over 300m along a trending ridge at the top of the KCD zone.
Matt Lennox-King, president and chief executive officer of Pilot Gold commented, "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."
Here's the news release: Pilot Gold Reports 90.2g/t Silver Over 91.5m Step-Out Drilling at KCD Target
The company has completed 67 holes at KCD this year, with 9 assays pending. The focus of the campaign has been infill and step-out drilling of the silver zone as well as testing the gold zone downdip to the north, along strike. Pilot plans to advance the KCD zone to resource delineation and intends to bring the TV Tower project into district scale development.
The company plans to further explore other high-priority targets in the district, including Kayali and Karaayi. Once the KCD exploration work is complete the company will focus on the Kayali bulk-tonnage, oxide gold system and the Karaayi target. Pilot has drilled 11 holes, totalling 2,835m this year at Kayali (with assays pending for all 11 holes). The company plans to finish the surface work at Karaayi soon and to begin drilling before the end of 2013.
Pilot is one of the very few junior exploration companies today that is not in hibernation. The company is working on all fronts to develop their assets in Turkey and Nevada, hoping one of them will lead to another 'Fronteer Gold-like' multi-billion dollar buyout for Chairman, Mark O'Dea.