Pilot Gold intersects 58.8 metres of 2.24 g/t gold in Utah
**CORRECTION: Due to a technical glitch, the previous drill results dropped the decimal point. Correct drill results are stated below.
Pilot Gold Inc. [PLG-TSX] announced additional drill results from six reverse circulation (RC) and 4 diamond core holes at the 100%-controlled, past-producing, Goldstrike Oxide Gold Project in southwestern Utah. ├é 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.
Highlights from infill and step-out drilling include:
·0.87 grams per tonne gold (g/t Au) over 45.4 metres (m) in PGS046C - core hole
·0.76 g/t Au over 67.1 m in PGS053, including 1.91 g/t Au over 6.1 m
├é┬╖2.24 g/t Au over 58.8 m├é in PGS054C, including 2.77 g/t Au over 36.2 m, including 6.04 g/t Au over 3.0 m – core hole
·0.96 g/t Au over 76.2 m in PGS058, including 1.98 g/t Au over 19.8 mÂ
├é┬╖0.46 g/t Au over 29.5 m in PGS059CA – core hole
·0.52 g/t Au over 25.9 m and 0.42 g/t Au over 25.9 m in PGS064
Nine of the 10 released holes contain reportable oxide gold intercepts. The mineralized intercept in drill hole PGS054C is a follow-up to PGS026, which returned 57.9 m grading 1.19 g/t Au, PGS027, which returned 47.2 m grading 1.14 g/t Au which returned 41.1 m grading 2.64 g/t Au. This is a new zone of mineralization down-dip of a historic surface showing and demonstrates the potential for discovery of higher-grade and more extensive mineralization in the shallow subsurface.
Key Points:
- Continued drilling of the main gold host horizon, the Claron Formation, has resulted in the discovery of new areas with high-grade feeder structures, including mineralization encountered in PGS058. A more concentrated RC drill pattern will be used to define these mineralized zones.
- Continued drilling to date confirms gold mineralization with significant width and grade over virtually the entire Goldstrike Graben over an east-west distance of 1.4 km by 200 to 400 m north-south.
- An additional 30 drill holes are proposed within this area before extending the infill step-out drill program up to 4.5 km to the west and 1 km to the east following the historical mine trend.
- New drill intercepts indicate the possibility of thicker zones of mineralization in newly-tested areas, with some intercepts, including PGS058, of up to 76 m drilled thickness.
For photographs of representative core samples and corresponding assays for the full mineralized intercepts in core holes PGS46C, PGS54C, PGS056C and PGS59CA, please click here:Â http://pilotgold.com/sites/default/files/GoldstrikePR1615CorePhotos.pdf
Mineralization in most holes is strongly oxidized, with AuCN assays typically between 70% and 100% of conventional fire assays.
For a complete table of drill results for the current 10 holes, please click here:Â http://pilotgold.com/sites/default/files/GS_Intercepts06202016.pdf
RC drilling is ongoing, with on average 5 RC drill holes completed per week.
The Goldstrike property 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.├é Previous mining at Goldstrike 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.