Pilot Gold (TSX:PLG) reported its first resource estimate for the Kinsley property in Nevada, including the high-grade zone at the Western Flank.
Pilot Gold (TSX:PLG) reported its first resource estimate for the Kinsley property in Nevada, including the high-grade zone at the Western Flank.
As quoted in the press release:
Gold mineralization at Kinsley is sedimentary rock-hosted, similar to that mined in Nevada’s prolific Carlin and Cortez trends. The potential for resource expansion is excellent due to widespread alteration, prospective geology and gold at surface, and over 80% of the property is untested by drilling.
The resource estimate for all mineralization types, using multiple cut-offs, is:
Pilot Gold CEO, Matt Lennox-King, said:
With a large number of untested targets with attributes similar to the Western Flank Zone, we believe that this resource represents a stepping stone along the way to defining a much larger gold endowment at Kinsley. From north to south, we have over 12 km of prospective geology, alteration and geochemical targets to explore. We are confident that the Western Flank is one of many high-grade zones of its type at Kinsley and we are aggressively pursuing the next one.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1774.96 | +1.14 | |
| Silver | 19.90 | +0.01 | |
| Copper | 3.55 | +0.07 | |
| Palladium | 2124.59 | +12.40 | |
| Platinum | 936.51 | +2.50 | |
| Oil | 88.53 | -0.01 | |
| Heating Oil | 3.20 | -0.13 | |
| Natural Gas | 8.01 | -0.12 | |