Pilot Gold Begins Drill Program at TV Tower

Pilot Gold (TSX:PLG) announced the start of drilling at its 60 percent owned TV Tower property in Turkey. Drilling began on June 13. The program has a $6 million budget with over 20,000 meters of drilling planned.

As quoted in the press release:

The 2015 program is designed to build on the discovery of the Valley porphyry, focused on expanding the footprint of mineralization and testing high priority step out targets. The Company has recently completed preliminary metallurgical testing on material from the Valley porphyry, and will continue with property-wide environmental baseline studies and comprehensive CSR programs.

Of particular focus in 2015 is the K2 zone which hosts the Valley and Hilltop copper-gold porphyries and extensive oxide gold potential. Targets at K2 are marked by outcropping high grades in gold and copper, on a large (1.5km long) copper-in-soil footprint. Recent geophysical studies revealed a large IP target immediately southeast and on trend with the Valley discovery. Limited exploration drilling has been completed at K2 but initial 2014 results demonstrate the potential for a significant mineralized endowment.

Pilot president and CEO, Matt Lennox-King, said:

2014 saw tremendous success at TV Tower with the discovery of the Valley and Columbaz porphyries and growth of the mineralized footprint at the Hilltop porphyry. We believe these discoveries are only the first porphyries at TV Tower and we remain focused on driving district scale growth through additional discoveries in this rapidly evolving mineral belt. With our PEA-stage Halilaga copper-gold project 15 km away, we see tremendous potential for continued growth and consolidation across the district.

Click here to read the Pilot Gold (TSX:PLG) press release