VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/19/13 -- Pilot Gold Inc. (TSX: PLG) ("Pilot Gold" or the "Company") is pleased to report encouraging results from the 15 remaining diamond core holes from its Phase 1 drilling program at TV Tower's KCD target in northwestern Turkey. The holes are wide-spread across the property and targeted KCD's gold and silver zones.
Infill drilling highlights include:
-- 25.7 g/t gold (Au), 47.2 g/t silver (Ag) and 2.12% copper (Cu) over 16.5 metres in KCD-102, including -- 142 g/t Au, 141 g/t Ag and 3.39% Cu over 2.0 metres-- 13.9 g/t Au over 6.3 metres in KCD-99
Drill holes KCD-99 and KCD-102 were designed to demonstrate continuity and establish the thickness and orientation of a zone of high-grade mineralization originally discovered in KCD-50 (227 g/t gold over 12.0 metres; see media release dated Jan. 22, 2013). Drill results to date support the interpretation that this zone of high grade is continuous over a significant area.
Exploration drilling highlights include:
-- 4.71 g/t Au and 71.7 g/t Ag over 8.5 metres and 2.93 g/t Au over 8.0 metres in KCD-95
Drill holes KCD-95 and KCD-107 tested the gold and silver zones north and east of the current target footprint. KCD-95 was drilled northeast and down dip of KCD-75 in the southeastern portion of the gold mineralized zone. KCD-107, drilled approximately 150 metres to the northeast of KCD-95 in an area with no previous drilling, returned 0.32 g/t gold over 19.0 metres. The presence of gold over a significant interval in this location considerably extends the potential for additional mineralization beyond the limits of previous drilling, and merits further drilling to ascertain its significance.
"We have completed Phase 1 drilling on a very positive note, by demonstrating continuity of the high grades intercepted in KCD-50," said Matt Lennox-King, President and CEO, Pilot Gold. "Our first program as operator has confirmed a large, central gold zone overlain by a robust silver blanket. Both remain open in multiple directions and will be aggressively followed-up in our upcoming drill program."
For a comprehensive table of results related to gold mineralization, please click: http://www.pilotgold.com/sites/default/files/TVTowerDrillResults1308.pdf
For a map highlighting recent drilling, please click: http://www.pilotgold.com/sites/default/files/TVTowerDrillMap1308.pdf
Approximately 14,440 metres in 70 holes at KCD were completed since the program commenced in June 2012, with all assays now received and publicly released. Drilling was suspended in early February due to winter weather, and will resume in late March.
As the project operator since June 2012, Pilot Gold designed and conducted a comprehensive, systematic, property-wide exploration program composed of grid-based soil sampling, regional prospecting and rock sampling, airborne electromagnetic and magnetic surveys, and geological mapping. The program was implemented to refine and discover new targets on the property.