VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/10/13 -- Pilot Gold Inc. (TSX: PLG) ("Pilot Gold" or the "Company") has commenced a 7,500-metre drilling program on the Kayali target at the TV Tower project in northwestern Turkey. More than 925 metres have been drilled so far with assays pending. Kayali is the second high-priority target to be drill-tested at TV Tower in 2013, and expands the project's exploration program to include a bulk-tonnage, oxide gold system.
Initial drilling in 2010 revealed near-surface gold mineralization with oxidation to between 150 to 200 metres depth at Kayali. Drill highlights from the 2010-2011 program included:
-- 0.87 g/t gold (Au) over 114.5 metres starting from 4.5 metres depth at KYD-01; including -- 2.85 g/t Au over 15.4 metres-- 0.78 g/t Au over 88.6 metres starting from 0.4 metres depth at KYD-02; including -- 1.98 g/t Au over 22.5 metres
"Our team has had great success defining deposits similar to Kayali in the Biga peninsula, namely Agi Dagi and Kirazli(1). We are looking forward to demonstrating the potential of this target as we ramp up the 2013 drilling program," said Moira Smith, Chief Geologist, Pilot Gold.
Kayali Exploration Model Refined
The exploration model has been significantly refined by Pilot relogging core from the first round of drilling at Kayali. Gold mineralization is hosted within a tabular vuggy silica body, with elevated grades associated with more permeable stratigraphic horizons (ledges) and steep fault zones (ribs). At Kayali, the silica ledge is contained within a sequence of volcaniclastic rocks that is also highly oxidized. The drilling program will infill areas along a well-defined (by surface mapping and sampling) but sparsely drilled rib along the southern margin of the silica cap, and will test for parallel ribs within the main silica ledge to the north. Drill-hole orientations are now designed to intersect the interpreted structural fabric that controls higher grade mineralization at high angles to core.
Past drilling encountered a blanket of supergene copper mineralization immediately beneath the silica cap in a number of holes, including 0.66% copper over 56 metres in KYD-03. This zone of copper mineralization will also be targeted in the 2013 program. The total area to be tested in this phase of drilling is 400 metres long in an east-west direction and 300 metres north-south.
Reinterpretation from relogged drill core and new geological mapping has led to identification of the same zone of silicified volcaniclastic rocks extending to the north of the Kayali target. This may significantly increase the potential size of the area prospective for oxide gold mineralization. Additional surface mapping and sampling are currently underway in order to better define the limits of the Kayali hydrothermal system.
The Kayali target is located in the southern portion of the TV Tower property approximately eight kilometres south of the high-grade KCD target. Epithermal style systems like Kayali can be characterized by wide intervals of near surface, oxidized gold mineralization that are amenable to open pit mining and treatment by low cost heap leaching. Nearby similar projects include Alamos Gold's Kirazli and Agi Dagi deposits(1). Global projects of this type include Lydian's Amuslar project (Armenia), Alamos' Mulatos Mine (Mexico) and Newmont's Yanacocha mine (Peru).