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Pilot Gold Inc.
Summary
| Project: | Goldstrike | |
|---|---|---|
| Deposit: | Main Zone | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 8/31/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-8-2016: Pilot Gold Inc. announces an Exploration/Drilling Update report for its Main Zone deposit at the Goldstrike project. Drilling results incl. 45.7m @ 1.08g/t Au from 88.4m. VANCOUVER, B.C. – Pilot Gold Inc. (PLG - TSX) ("Pilot Gold" or the "Compa | |
| 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 7 Reverse Circulation (RC) drill holes in the Main Zone of 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. Of the 7 holes reported, 5 holes intersected notable widths grading between 0.67 and 1.08 g/t Au. RC drilling continues to be focussed on defining the edges of the Main Zone, on the east end of the Historic Mine Trend, to prepare it for inclusion in a resource estimate, projected for completion in Q1 2017. Goldstrike is located in the eastern Great Basin, immediately adjacent to the Utah/Nevada border, and is a Carlin-style gold system, similar in many ways to the prolific deposits located along Nevada’s Carlin trend. Like Kinsley Mountain and Newmont’s Long Canyon deposit, Goldstrike represents part of a growing number of Carlin-type systems located off the main Carlin and Cortez trends in largely underexplored parts of the Great Basin. Previous mining at Goldstrike(2) occurred from 1988 to 1994, with 209,000 ounces of gold produced from 12 shallow pits, at an average grade of 1.2 g/t Au. | |
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