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Pilot Gold Inc.
Summary
| Project: | Goldstrike | |
|---|---|---|
| Deposit: | Main Zone | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 10/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-10-2016: Pilot Gold Inc. announces an Exploration/Drilling Update report for its Main Zone deposit at the Goldstrike project. Drilling results incl. 67.1m @ 0.86g/t Au. VANCOUVER, B.C. – Pilot Gold Inc. (PLG - TSX) ("Pilot Gold" or the "Company") is ple | |
| 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 drill results from an additional 7 Reverse Circulation (RC) drill holes in the Main Zone of the 100% controlled Goldstrike Gold 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. RC drilling has concluded in the Main Zone (located on the eastern end of the Historic Mine Trend) to prepare it for inclusion in a resource estimate, projected for completion in Q1 2017. - 22 Main Zone drill holes are currently pending assay results. - A second drill rig was mobilized to the property on September 15. - One rig has begun drilling on the Peg Leg graben target, a sub-parallel structure to the Goldstrike Graben located southwest of the main zone. Fourteen drill sites are permitted in this area, which extends over a distance of 1.5 km x 250 m. - The second drill rig is being mobilized to the “Dip Slope” zone, located to the north of the main zone in the footwall of the Hassayampa fault. This area hosts the historic Hassayampa, Goldtown and Padre pits, with unmined gold intercepts in historic holes throughout the area. 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(1) 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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