Gold

Pilot Gold Inc. (TSX:PLG) announced the first set of oxide gold results from infill and step-out drilling at the Historic Mine trend at its Utah-based Goldstrike project.

Pilot Gold Inc. (TSX:PLG) announced the first set of oxide gold results from infill and step-out drilling at the Historic Mine trend at its Utah-based Goldstrike project. To date, the company has received results from eight reverse-circulation holes, with seven returning “significant oxide intercepts.”
Highlights include:

  • 2.10 grams/tonne gold (g/t Au) over 35.1 metres, including 4.42 g/t Au over 13.7 metres in PGS019
  • 1.07 g/t Au over 30.5 metres, in PGS020
  • 0.63 g/t Au over 30.5 metres, in PGS023
  • 1.56 g/t Au over 27.4 metres, including 1.98 g/t over 19.8 metres, in PGS025
  • 1.19 g/t Au over 57.9 metres, including 1.65 g/t Au over 30.5 metres, in PGS026

Other key points are as follows:

  • Seven of eight RC holes intercepted oxide gold mineralization over significant widths.
  • 50% of the holes returned at least 1 g/t gold over at a minimum 27 metre drill hole length, well above historical drilling averages on the Historical Mine Trend.
  • PGS021 intersected a fault zone at shallower than expected depth, missing the target stratigraphic interval, and thus did not return a mineralized intercept.

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

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