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Pilot Gold Inc.
Summary
| Project: | Goldstrike | |
|---|---|---|
| Deposit: | Goldstrike | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-2-2017: Pilot Gold Inc. announces an Exploration/Drilling Update report for its Goldstrike deposit at the Goldstrike project. Drilling results incl. 32.0m @ 0.72g/t Au from 112.8m. Pilot Gold Inc. (PLG - TSX) ("Pilot Gold" or the "Company") is pleased t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Moira Smith (Internal) | |
| ABSTRACT: | Pilot Gold Inc. (PLG - TSX) ("Pilot Gold" or the "Company") is pleased to announce additional drill results from the Main and Aggie zones, as well as from the new Dip Slope and Warrior zones, located north and west respectively, of the Main Zone, at the 100% controlled Goldstrike Project in southwestern Utah. The primary target is shallow Carlin-style, oxide gold mineralization within the 14 km2 “Historic Mine Trend”, between and down-dip of historic open pits. he 2017 drill program commenced today, with two drills on the property. Initially, the drills will focus on the Peg Leg, Warrior and Dip Slope targets in order to include these areas in a resource estimate, projected for completion in Q2, 2017. The Dip Slope target covers an area approximately 2.5 km long and up to 800 m wide directly north of the Main Zone. The Dip Slope area hosts several historic pits, as well as unmined gold intercepts in historic holes adjacent to the pits. Approximately 85% of the target area is still undrilled, or only very sparsely drilled. The objective of the 17-hole, first-pass test of the Dip Slope was to identify areas where the host basal Claron Formation extends beyond the immediate pit areas under shallow cover. The results suggest that significant additional drilling is warranted. Drill testing of outlying areas will commence following receipt of the Plan of Operations. | |
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