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Pilot Gold Inc.
Summary
| Project: | Goldstrike | |
|---|---|---|
| Deposit: | Goldstrike | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 8/4/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-8-2016: Pilot Gold Inc. announces an Exploration/Drilling Update report for its Goldstrike deposit at the Goldstrike project. Drilling results incl. 6.1m @ 29.1g/t Au from 99.1m. VANCOUVER, B.C. – Pilot Gold Inc. (PLG - TSX) ("Pilot Gold" or the "Compan | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Moira Smith (Internal) | |
| ABSTRACT: | VANCOUVER, B.C. – Pilot Gold Inc. (PLG - TSX) ("Pilot Gold" or the "Company") is pleased to announce additional drill results from 26 Reverse Circulation (RC) and 2 diamond core holes at the 100% controlled Goldstrike Oxide Gold Project in southwestern Utah. The primary target is Carlin-style, shallow, oxide gold mineralization on the 7 km-long, 2 km-wide “Historic Mine Trend”, between and down-dip to the north of historic open pits. Pilot Gold is also pleased to provide an update on the metallurgical program at Goldstrike. Drilling is focussed on drilling off the edges of the Main Zone around the historical Main, Hassayampa, Hamburg and Goldtown Pits. Of note is an intercept grading 29.1 g/t Au over 6.1 m in PGS076. This intercept is hosted in jasperoid in the Chainman Shale, a Paleozoic unit lying below the Claron Formation unconformity. Drill hole PGS076 is located 135 metres south of a similar intercept grading 175 g/t Au over 4.6 m in historical hole 88-011(1) mined in the Hassayampa Pit. The Chainman Shale is a new target for Pilot Gold and has also been historically mined 3.5 km to the west in the Covington Pit. The results represent assaying of four sample intervals using metallic screen methods, which confirmed the presence of coarse free gold. Coarse gold was also confirmed in PGS090 through visual analysis of panned concentrates of drill chip material and metallic screen assay. Of 28 holes reported, 12 holes intersected notable widths of at least 0.32 to 0.45 g/t oxide gold mineralization and 5 holes had no significant results. | |
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