All true widths are 50-100% 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 results related to silver mineralization, please click: http://www.pilotgold.com/sites/default/files/TVTowerDrillResults1307.pdf
For a map highlighting recent drilling, please click: http://www.pilotgold.com/sites/default/files/TVTowerDrillMap1307.pdf
Silver zone geology
Diamond drill holes KCD-104 and KCD-105 represent the most westerly holes drilled in the silver zone and boast some of the strongest silver intercepts to date. The silver zone is open to the west, east and down dip to the north. It has been tested over an area measuring approximately 600 metres by 300 metres.
The zone partially overlaps and overlies the high-grade gold-silver-copper zone of mineralization. It consists of a gently north-dipping, tabular to lens-shaped zone of mineralization. It is exposed on surface along its southern margin, and under shallow cover further to the north. Silver mineralization is hosted in fluvial-lacustrine strata including reworked volcaniclastic rocks, siltstone, mudstone and overlying andesite breccia, and consists of very fine-grained disseminated to semi-massive and vein-hosted pyrite and lesser enargite, accompanied by variable silicification of the host rocks. Silver-bearing minerals have not been conclusively identified and await further study by thin section. Portions of the zone are extensively oxidized.
The drill results form part of an aggressive exploration program that consisted of 16,000 metres of diamond core drilling, property-wide airborne magnetic/EM geophysics and ongoing surface mapping and geochemical sampling. Approximately 14,441 metres in 70 holes at KCD have been completed since the program started in June 2012, with silver assays pending for one hole.
Pilot Gold plans an additional 25,000 to 30,000 metres of drilling at TV Tower with a focus on KCD, Kayali and Sarp/Columbaz targets in 2013.
About TV Tower:
TV Tower is a joint venture between Pilot Gold (40%) and Teck Madencilik Sanayi Ticaret A.S. (60%), a Turkish subsidiary of Teck Resources Limited ("Teck"). Pilot Gold is project operator at TV Tower and can increase its interest in the project to 60%, through sole funding of exploration over a three-year period. (See press release dated September 12, 2012 for full details of the deal terms.)
Located on the Biga Peninsula of northwest Turkey, the TV Tower project encompasses 71 square kilometres. It contains a large number of targets ranging from high- and low-sulphidation epithermal gold-silver to porphyry gold-copper. The project has an extensive road network and targets to date all lie on land administered by Turkey's Ministry of Forestry. It is located immediately west of the Kirazli gold project (Alamos Gold) and approximately 10 kilometres northwest of the Halilaga copper-gold project (Teck/Pilot Gold).
First pass drilling in 2010 resulted in new discoveries at the KCD and Kayali epithermal gold systems. Ongoing exploration by Pilot Gold continues to uncover robust new targets, including the bonanza-grade Columbaz low sulphidation epithermal vein system that returned 39 g/t gold and 290 g/t silver in 2012 rock chip sampling.
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