Pilot Gold Reports 11.63 g/t Gold Over 32.5 Metres at TV Tower, Turkey

Strong assay results expand high-grade KCD target


Symbol Price Change
PLG.TO 1.64 0.00

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov 14, 2012) - Pilot Gold Inc. (PLG.TO) ("Pilot Gold" or the "Company") is pleased to report that assay results from 11 new diamond drill holes from the 2012 program at the TV Tower project in Turkey expand previously reported long intervals of high grade gold, silver and copper mineralization.

Drill hole KCD-49 highlights the second set of strong assay results at the Kucukdag (KCD) target, returning 11.63 g/t gold over 32.5 metres. This intercept is collared approximately 50 metres to the southeast of hole KCD-39*, which was released earlier in 2012 and returned 5.94 grams per tonne gold, 12.6 g/t silver and 0.53% copper over 137.1 metres.

"Since becoming project operator, our team has done an excellent job of successfully targeting high-grade mineralization and revealing the exceptional grades and growth potential of this project," stated Matt Lennox-King, President & CEO of Pilot Gold. "We are extremely encouraged by these recent results, which continue to expand the high-grade KCD target and reinforce TV Tower''s status as a superior exploration project."

The KCD target is composed of a high-grade gold-silver-copper zone, marked by both breccia hosted and stratigraphically hosted mineralization, overlain by a thick silver-only zone starting at surface. It has a mineralization style similar to the high-sulphidation epithermal Au-Ag-Cu deposits of La Coipa (Chile) and Chelopech (Bulgaria).

Drill Highlights from the gold-silver-copper zone include:

  • 11.63 g/t gold, over 32.5 metres, including 21.67 g/t gold over 15.7 metres in KCD-49
  • 3.40 g/t gold over 87.0 metres, including 6.66 g/t gold over 9.5 metres in KCD-47
  • 10.03 g/t gold, 46.25 g/t silver, and 3.89% copper over 15.2 metres in KCD-46, including
    • 17.51 g/t gold, 78.3 g/t silver and 6.76% copper over 8.5 metres
  • 1.13 g/t gold and 12.76 g/t silver over 13.5 metres and 5.06 g/t gold over 21.0 metres in KCD-40

*See September 19, 2012 press release.

All true widths are 30-90% of reported widths unless otherwise stated. All intervals of no sampling have been assigned zero grade for the purposes of compositing.


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