Pilot Gold (Seite 6)
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Antwort auf Beitrag Nr.: 50.888.415 von Rokky100 am 20.10.15 14:10:46Pilot habe ich früher bei sowas immer vorbörslich gezockt, weil die Mails immer von CAN Börseneröffnung kamen.
Aber das ist ja eine schöne Nachricht!
Aber das ist ja eine schöne Nachricht!
Pilot Gold Doubles Mineralized Footprint at TV Tower
http://www.juniorminingnetwork.com/junior-miner-news/press-r…
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 20, 2015) - Pilot Gold Inc. (TSX:PLG) ("Pilot Gold" or the "Company") is pleased to report results from a 21-hole diamond drilling program at the TV Tower Property in western Turkey. Drilling focused on the recently-identified Valley and Hilltop copper-gold porphyry systems and associated oxide gold and supergene copper targets. Drilling more than doubled the mineralized footprint of the Hilltop porphyry system to approximately 600 metres by 500 metres.
"The results from the supergene copper zone at Hilltop add a significant, high-grade element to TV Tower's porphyry systems," commented Matt Lennox-King, Pilot Gold's President & CEO. "These results continue to show the Hilltop and Valley porphyries as potential satellites to our 40% owned Halilaga copper-gold project, 15 kilometres to the east, with the potential to grow into a stand-alone project."
http://www.juniorminingnetwork.com/junior-miner-news/press-r…
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 20, 2015) - Pilot Gold Inc. (TSX:PLG) ("Pilot Gold" or the "Company") is pleased to report results from a 21-hole diamond drilling program at the TV Tower Property in western Turkey. Drilling focused on the recently-identified Valley and Hilltop copper-gold porphyry systems and associated oxide gold and supergene copper targets. Drilling more than doubled the mineralized footprint of the Hilltop porphyry system to approximately 600 metres by 500 metres.
"The results from the supergene copper zone at Hilltop add a significant, high-grade element to TV Tower's porphyry systems," commented Matt Lennox-King, Pilot Gold's President & CEO. "These results continue to show the Hilltop and Valley porphyries as potential satellites to our 40% owned Halilaga copper-gold project, 15 kilometres to the east, with the potential to grow into a stand-alone project."
Vortrag von der Precious Metals Summit in Colorado
http://www.gowebcasting.com/events/precious-metals-summit-co…
http://www.gowebcasting.com/events/precious-metals-summit-co…
Antwort auf Beitrag Nr.: 50.169.660 von seinfeld am 12.07.15 18:11:26
July 13, 2015
Mineralization amenable to flotation processing,with concentrate grades up to 52 g/t gold
Pilot Gold Inc. (PLG - TSX) (“Pilot Gold” or the “Company”) is pleased to report additional metallurgical results designed to test the amenability of gold mineralization hosted in the Dunderberg (Candland) Shale at the Kinsley Mountain property to produce a saleable concentrate. The Dunderberg Shale was the primary host rock in the historical mining operation, and is the shallow host rock at the Western Flank. Previous concentrate testing of deeper Secret Canyon Shale-hosted gold mineralization produced up to 89.6% recovery and up to 312 g/t concentrate grade in metallurgical testing (see press release of January 19, 2015).
Matt Lennox-King, Pilot Gold’s President & CEO commented, “These recent metallurgical test results demonstrate that, combined, Kinsley’s main host rocks can produce a high-grade concentrate with excellent gold recoveries and the potential of low capital cost options for possible mining and processing at Kinsley.”
The test work, initiated in March 2015, used the same flowsheet developed for mineralization hosted in the Secret Canyon Shale.
Summary Highlights:
Composite
Overall Au Recovery (%)
Concentrate Grade (g/t)
Calculated Feed Grade (g/t)
WF-CC#1
83.0
52.3
4.72
WF-CC#2
82.6
42.0
2.37
Overall, these results indicate that the Dunderberg Shale material, like that from the Secret Canyon Shale, may be amenable to production of a concentrate. The results may be improved with further study of primary and regrind sizes and flowsheet refinements particular to the Dunderberg shale.
Flotation testing of Dunderberg Shale-hosted mineralization was undertaken after analyses revealed a relatively coarse grain size for gold-bearing pyrites, relatively low sulfide sulfur concentrations and high gold to sulfide sulfur ratios (ranging from 2.3 to 2.6) when compared to typical Carlin-style sediment-hosted gold deposits. These data suggested that the mineralized material may be amenable to producing a concentrate of sufficient grade to support low cost on-site or off-site treatment, over more expensive whole ore treatment options such as roasting or autoclaving.
Two composites with calculated feed grades of 4.72 and 2.37 g/t gold were selected. The scope of work was intended to provide a preliminary determination as to how the two composites would respond to the flowsheet developed previously for Western Flank Secret Canyon Shale-hosted gold mineralization (see press release of January 19, 2015). In the current study, samples were subjected to rougher and scavenger flotation testing over a range of conditions including variations in grind size, followed by cyanidation of the flotation tails. Combined concentrate recoveries ranged from a low of 76% to a high of 89.6%. Combined with cyanidation of the flotation tails, the total recovery increased to 89.0% to 95.0%. The concentrate grades ranged from a low of 98.6 g/t gold to a high of 312 g/t gold, with gold recovery to concentrate highest in the higher-grade and less oxidized samples.
The two composites from Dunderberg Shale-hosted gold mineralization returned concentrate grades of 52.3 and 42.0 g/t gold, corresponding to overall recoveries of 83.0 and 82.6%, respectively. The mineralized material was not oxidized, and no benefit was realized from cyanide leaching of the tails. However, cyanide leach testing of tails would likely result in recovery of additional gold from partially oxidized material.
Concentrates were assayed for deleterious elements and were found to contain arsenic and antimony. Arsenic in the concentrate tested ranged from 0.95% to 3.66% and averaged 2.35% while antimony in the concentrate tested ranged from 0.042% to 0.069% and averaged 0.058%. While arsenic and antimony are somewhat elevated, it is believed the levels would not preclude direct sale to a typical Nevada refractory ore processing facility.
KINSLEY MOUNTAIN METALLURGICAL PROGRAM
The program was carried out at Hazen Research, Inc. in Golden, Colorado under the direction of consulting metallurgist Gary Simmons. Mr. Simmons has more than 35 years of experience with mining companies in project management, process development, mill operations, design engineering, research and development and corporate due diligence. He played key roles with Fronteer Gold on the flagship Long Canyon and Northumberland projects, and was Senior Technical Director, Metallurgy and Technology for Newmont Mining Corporation.
Gary Simmons, of GL Simmons Consulting, LLC (B.S. Extractive Metallurgy), a Qualified Professional with the Mining and Metallurgical Society of America and Pilot Gold consultant, is the Qualified Person, within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), who has overseen the collection and verification of the data for this release and has reviewed and approved this release's content. Mr. Simmons is independent of Pilot Gold. Metallurgical testing was conducted at Hazen Research, Inc. in Denver, Colorado.
Moira Smith, Ph.D., P.Geo., Chief Geologist, Pilot Gold, is the Company's designated Qualified Person for this news release and has reviewed and validated that the information contained in the release is accurate.
ABOUT KINSLEY MOUNTAIN
Kinsley Mountain hosts near-surface mineralization similar to other Carlin-style, sediment-hosted gold systems. The property consists of 469 claims on U.S. Bureau of Land Management land plus 6 leased patents totalling 9,520 acres (3,853 hectares) and hosts a past-producing mine with an extensive exploration database and numerous, untested gold targets. The Company owns approximately 79.1% of Kinsley. Intor Resources Corporation, a subsidiary of Nevada Sunrise Gold Corp., is the Company's joint venture partner at Kinsley.
Kinsley Mountain is an early-stage exploration project and does not contain any mineral resource estimates as defined by NI 43-101. The potential quantities and grades disclosed herein are conceptual in nature and there has been insufficient exploration to define a mineral resource for the targets disclosed herein. It is uncertain if further exploration will result in these targets being delineated as a mineral resource.
Gruß, Seinfeld
Prompt gibt es mal wieder etwas Neues ... ob es jetzt mal was bringt???
Pilot Gold reports metallurgical results from upper gold host at Kinsley MountainJuly 13, 2015
Mineralization amenable to flotation processing,with concentrate grades up to 52 g/t gold
Pilot Gold Inc. (PLG - TSX) (“Pilot Gold” or the “Company”) is pleased to report additional metallurgical results designed to test the amenability of gold mineralization hosted in the Dunderberg (Candland) Shale at the Kinsley Mountain property to produce a saleable concentrate. The Dunderberg Shale was the primary host rock in the historical mining operation, and is the shallow host rock at the Western Flank. Previous concentrate testing of deeper Secret Canyon Shale-hosted gold mineralization produced up to 89.6% recovery and up to 312 g/t concentrate grade in metallurgical testing (see press release of January 19, 2015).
Matt Lennox-King, Pilot Gold’s President & CEO commented, “These recent metallurgical test results demonstrate that, combined, Kinsley’s main host rocks can produce a high-grade concentrate with excellent gold recoveries and the potential of low capital cost options for possible mining and processing at Kinsley.”
The test work, initiated in March 2015, used the same flowsheet developed for mineralization hosted in the Secret Canyon Shale.
Summary Highlights:
Composite
Overall Au Recovery (%)
Concentrate Grade (g/t)
Calculated Feed Grade (g/t)
WF-CC#1
83.0
52.3
4.72
WF-CC#2
82.6
42.0
2.37
Overall, these results indicate that the Dunderberg Shale material, like that from the Secret Canyon Shale, may be amenable to production of a concentrate. The results may be improved with further study of primary and regrind sizes and flowsheet refinements particular to the Dunderberg shale.
Flotation testing of Dunderberg Shale-hosted mineralization was undertaken after analyses revealed a relatively coarse grain size for gold-bearing pyrites, relatively low sulfide sulfur concentrations and high gold to sulfide sulfur ratios (ranging from 2.3 to 2.6) when compared to typical Carlin-style sediment-hosted gold deposits. These data suggested that the mineralized material may be amenable to producing a concentrate of sufficient grade to support low cost on-site or off-site treatment, over more expensive whole ore treatment options such as roasting or autoclaving.
Two composites with calculated feed grades of 4.72 and 2.37 g/t gold were selected. The scope of work was intended to provide a preliminary determination as to how the two composites would respond to the flowsheet developed previously for Western Flank Secret Canyon Shale-hosted gold mineralization (see press release of January 19, 2015). In the current study, samples were subjected to rougher and scavenger flotation testing over a range of conditions including variations in grind size, followed by cyanidation of the flotation tails. Combined concentrate recoveries ranged from a low of 76% to a high of 89.6%. Combined with cyanidation of the flotation tails, the total recovery increased to 89.0% to 95.0%. The concentrate grades ranged from a low of 98.6 g/t gold to a high of 312 g/t gold, with gold recovery to concentrate highest in the higher-grade and less oxidized samples.
The two composites from Dunderberg Shale-hosted gold mineralization returned concentrate grades of 52.3 and 42.0 g/t gold, corresponding to overall recoveries of 83.0 and 82.6%, respectively. The mineralized material was not oxidized, and no benefit was realized from cyanide leaching of the tails. However, cyanide leach testing of tails would likely result in recovery of additional gold from partially oxidized material.
Concentrates were assayed for deleterious elements and were found to contain arsenic and antimony. Arsenic in the concentrate tested ranged from 0.95% to 3.66% and averaged 2.35% while antimony in the concentrate tested ranged from 0.042% to 0.069% and averaged 0.058%. While arsenic and antimony are somewhat elevated, it is believed the levels would not preclude direct sale to a typical Nevada refractory ore processing facility.
KINSLEY MOUNTAIN METALLURGICAL PROGRAM
The program was carried out at Hazen Research, Inc. in Golden, Colorado under the direction of consulting metallurgist Gary Simmons. Mr. Simmons has more than 35 years of experience with mining companies in project management, process development, mill operations, design engineering, research and development and corporate due diligence. He played key roles with Fronteer Gold on the flagship Long Canyon and Northumberland projects, and was Senior Technical Director, Metallurgy and Technology for Newmont Mining Corporation.
Gary Simmons, of GL Simmons Consulting, LLC (B.S. Extractive Metallurgy), a Qualified Professional with the Mining and Metallurgical Society of America and Pilot Gold consultant, is the Qualified Person, within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), who has overseen the collection and verification of the data for this release and has reviewed and approved this release's content. Mr. Simmons is independent of Pilot Gold. Metallurgical testing was conducted at Hazen Research, Inc. in Denver, Colorado.
Moira Smith, Ph.D., P.Geo., Chief Geologist, Pilot Gold, is the Company's designated Qualified Person for this news release and has reviewed and validated that the information contained in the release is accurate.
ABOUT KINSLEY MOUNTAIN
Kinsley Mountain hosts near-surface mineralization similar to other Carlin-style, sediment-hosted gold systems. The property consists of 469 claims on U.S. Bureau of Land Management land plus 6 leased patents totalling 9,520 acres (3,853 hectares) and hosts a past-producing mine with an extensive exploration database and numerous, untested gold targets. The Company owns approximately 79.1% of Kinsley. Intor Resources Corporation, a subsidiary of Nevada Sunrise Gold Corp., is the Company's joint venture partner at Kinsley.
Kinsley Mountain is an early-stage exploration project and does not contain any mineral resource estimates as defined by NI 43-101. The potential quantities and grades disclosed herein are conceptual in nature and there has been insufficient exploration to define a mineral resource for the targets disclosed herein. It is uncertain if further exploration will result in these targets being delineated as a mineral resource.
Gruß, Seinfeld
Antwort auf Beitrag Nr.: 50.154.585 von Szween am 10.07.15 00:19:01
Ja, hier ist es wirklich bedenklich ruhig geworden, aber bei dem Kursverlauf ... oder sollte ich sagen ... Kursverfall ... auch nicht wirklich verwunderlich
.
Viele dürften inzwischen die Flinte ins Korn geworfen haben und auch ich bin maßlos enttäuscht. Damit hätte ich absolut nicht gerechnet und eine wirkliche Erklärung kann ich auch nicht liefern ... ich bin nach wie vor am Ball und hoffe weiterhin auf eine signifikante Erholung in nicht allzu ferner Zukunft, abgesehen vom Goldpreis stimmen die Zahlen ja auch eigentlich. Bei Fronteer hat es damals auch eine längere Anlaufzeit gebraucht, ich hoffe einfach, dass die wichtigen Leute immer noch wissen wie das Geschäft läuft und wie der Kurs wieder auf Vordermann gebracht werden kann ... ich glaube nach wie vor an Pilot, auch wenn ich zur Zeit nur schwerlich Argumente dafür finden und liefern kann ...
In diesem Sinne ... Gruß, Seinfeld
Riesige Enttäuschung
Hallo ...Ja, hier ist es wirklich bedenklich ruhig geworden, aber bei dem Kursverlauf ... oder sollte ich sagen ... Kursverfall ... auch nicht wirklich verwunderlich
.Viele dürften inzwischen die Flinte ins Korn geworfen haben und auch ich bin maßlos enttäuscht. Damit hätte ich absolut nicht gerechnet und eine wirkliche Erklärung kann ich auch nicht liefern ... ich bin nach wie vor am Ball und hoffe weiterhin auf eine signifikante Erholung in nicht allzu ferner Zukunft, abgesehen vom Goldpreis stimmen die Zahlen ja auch eigentlich. Bei Fronteer hat es damals auch eine längere Anlaufzeit gebraucht, ich hoffe einfach, dass die wichtigen Leute immer noch wissen wie das Geschäft läuft und wie der Kurs wieder auf Vordermann gebracht werden kann ... ich glaube nach wie vor an Pilot, auch wenn ich zur Zeit nur schwerlich Argumente dafür finden und liefern kann ...
In diesem Sinne ... Gruß, Seinfeld
Trading Spotlight
Hier ist es ja ganz schön ruhig geworden . Trotz gutem Deposit geht es nicht so voran wie wir uns das wohl alle wünschen . Leider spielt der Goldpreis überhaupt nicht mit ...
Antwort auf Beitrag Nr.: 48.998.804 von Micky1212 am 06.02.15 12:52:32Pilot Gold schneidet bei TV Tower 499,1 m mit 0,59 g/t Goldäquivalent
Pilot Gold Inc. veröffentlichte heute die finalen Ergebnisse der Bohrungen, die das Unternehmen im vergangenen Jahr bei Columbaz durchgeführt hat. Hierbei handelt es sich um die inzwischen dritte goldreiche Porphyrentdeckung bei TV Tower.
Die Höhepunkte der letzten Bohrungen:
• Bohrloch CD0012C: 0,36 g/t Gold und 0,13% Kupfer (0,59 g/t Goldäquivalent) über 449,1 m, darin 0,48 g/t Gold und 0,18% Kupfer (0,79 g/t Goldäquivalent) über 234,3 m
• Bohrloch CD0011C: 0,34 g/t Gold und 0,10% Kupfer (0,50 g/t Goldäquivalent) über 381,8 m, darin 0,37 g/t Gold und 0,13% Kupfer (0,59 g/t Goldäquivalent) über 169,0 m
• Bohrloch DC0010C: 0,30 g/t Gold und 0,16% Kupfer (0,58 g/t Goldäquivalent) über 208,7 m
© Redaktion MinenPortal.de
Gruß, Seinfeld
Pilot Gold Inc. veröffentlichte heute die finalen Ergebnisse der Bohrungen, die das Unternehmen im vergangenen Jahr bei Columbaz durchgeführt hat. Hierbei handelt es sich um die inzwischen dritte goldreiche Porphyrentdeckung bei TV Tower.
Die Höhepunkte der letzten Bohrungen:
• Bohrloch CD0012C: 0,36 g/t Gold und 0,13% Kupfer (0,59 g/t Goldäquivalent) über 449,1 m, darin 0,48 g/t Gold und 0,18% Kupfer (0,79 g/t Goldäquivalent) über 234,3 m
• Bohrloch CD0011C: 0,34 g/t Gold und 0,10% Kupfer (0,50 g/t Goldäquivalent) über 381,8 m, darin 0,37 g/t Gold und 0,13% Kupfer (0,59 g/t Goldäquivalent) über 169,0 m
• Bohrloch DC0010C: 0,30 g/t Gold und 0,16% Kupfer (0,58 g/t Goldäquivalent) über 208,7 m
© Redaktion MinenPortal.de
Gruß, Seinfeld
Antwort auf Beitrag Nr.: 48.946.193 von SEPP_EIXLBERGER am 01.02.15 12:12:11Pilot Gold Reports 499.1 metres grading 0.59 g/t AuEq from surface at Columbaz porphyry, TV Tower
February 6, 2015
Includes 234.3 metres of 0.79 g/t AuEq
Pilot Gold Inc. (PLG - TSX) (“Pilot Gold” or the “Company”) is pleased to announce the final 2014 results from its third gold rich porphyry discovery at TV Tower, located 6.5 kilometres north of the Valley and Hilltop porphyries.
The Columbaz discovery is a gold-rich porphyry system overprinted by epithermal gold veins. Three follow-up holes were drilled since announcing this discovery (see press release dated October 22, 2014), testing an area of approximately 200 x 300 metres.
Recent drill highlights include:
•0.36 g/t Au and 0.13% Cu over 499.1 metres (0.59 g/t gold-equivalent (AuEq1)), including 1.o0.48 g/t Au and 0.18% Cu over 234.3 metres (0.79 g/t AuEq) in CD0012C
•0.34 g/t Au and 0.10% Cu over 381.8 metres (0.50 g/t AuEq), including 1.o0.37 g/t Au and 0.13% Cu (0.59 g/t AuEq) over 169.0 metres in CD0011C
•0.30 g/t Au and 0.16% Cu over 208.7 metres (0.58 g/t AuEq) in CD0010C
1at $1200/oz Au and $3.00/lb Cu and 100% recovery
“With the successful follow up to the Columbaz discovery and ongoing success at the Valley and Hilltop porphyries, TV Tower continues to demonstrate the potential to host multiple robust gold and copper-gold systems,” stated Matt Lennox-King, President and CEO of Pilot Gold. “We look forward to building on these results with a comprehensive program across the TV Tower property in 2015.”
ABOUT THE COLUMBAZ DISCOVERY:
The Columbaz discovery is the fifth gold system discovered at TV Tower in the past five years. By consistently applying first principles the Company has an impressive success rate in quickly identifying potential discoveries and confirming them with drilling. The Columbaz porphyry drilling is centred on an aeromagnetic geophysical anomaly measuring approximately 500 metres by 375 metres. Mineralization remains open in all directions and at depth.
Prospecting and mapping by Pilot Gold from 2012 through 2014 led to the identification of low sulphidation epithermal gold-silver veins over a 1 kilometre-long strike length at lower elevations under a previously-identified silica cap. Rock samples yielded “bonanza” (high grade) gold and silver. Pilot Gold’s drill program was originally designed to target the down-dip extension of these veins, and encouraging gold grades were encountered in drill holes CD001C, CD002C and CD008C on the west end of the outcropping vein system.
In the course of drilling, the epithermal veins were observed to overprint alteration indicative of the higher levels of a gold-copper porphyry system. The result is a series of higher-grade gold intercepts related to the epithermal veins, hosted in a matrix of lower-grade gold and copper mineralization related to the porphyry system. The porphyry mineralization is characterized by increasing sericite alteration and quartz-magnetite stockwork veining and the appearance of potassic alteration with increasing depth.
For a map of TV Tower and the Columbaz area, please click here:
http://www.pilotgold.com/sites/default/files/TVTowerDrillMap…
For a table of drill results, please click here:
http://www.pilotgold.com/sites/default/files/TVTDrillResults…
Moira Smith, Ph.D., P.Geo., Chief Geologist, Pilot Gold, is the Company's designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed and verified that the information contained in the release is accurate. Drill composites were calculated using cut-offs of 0.3, 0.5, 1.0 and 2.0 g/t AuEq. Drill intersections are reported as drilled thicknesses. True width of the mineralized interval is interpreted to be approximately 50% of the reported length. Drill samples were assayed by AcmeLabs in Ankara, Turkey and Vancouver, B.C. for gold by Fire Assay of a 30 gram (1 assay ton) charge with ICP-ES or AAS finish, or if over 5.0 g/t were re-assayed and completed with a gravimetric finish. Ag and Cu were determined by ICP-MS, with overlimits (>100 ppm Ag or >10,000 ppm Cu) completed by fire assay with gravimetric finish (Ag) or 4-acid digestion with ICP-ES finish (Cu). QA/QC included the insertion and continual monitoring of numerous standards and blanks into the sample stream, and the collection of duplicate samples at random intervals within each batch.
ABOUT TV TOWER
TV Tower is a joint venture between Pilot Gold (40%) and Teck Madencilik Sanayi Ticaret A.S. (60%), a Turkish subsidiary of Teck Resources Limited. Pilot Gold is project operator at TV Tower and can increase its interest in the project to 60%, through sole funding of exploration over a three-year period.
Further information about TV Tower is available in the technical report “Independent Technical Report for the TV Tower Exploration Property, Canakkale, Western Turkey”, effective January 21, 2014 and dated February 20, 2014 (the “Report”) prepared by Casey M. Hetman, P.Geo. with SRK Consulting (Canada) Inc.; James N. Gray, P. Geo. of Advantage Geoservices Ltd.; and Gary Simmons, BSc, Metallurgical Engineering, of G L Simmons Consulting, LLC, under Pilot Gold’s Issuer Profile on SEDAR (www.sedar.com). Mr. Hetman, Mr. Gray and Mr. Simmons are “Qualified Persons” as defined by NI 43-101.
TV Tower is an early stage exploration project and, except for the mineral resources at the KCD deposit as summarized in the Report, does not contain any mineral resource estimates as defined by NI 43-101. The potential to define a mineral resource at the Columbaz target or at the K2 copper-gold zone, including the porphyry targets is conceptual in nature and there has been insufficient exploration to define a mineral resource thereat. It is uncertain if further exploration at these or other targets at TV Tower will yield a mineral resource.
ABOUT PILOT GOLD
Pilot Gold is a well-funded gold exploration company led by a proven technical team that continues to discover and define high-quality projects featuring strong grades, meaningful size and mining-friendly addresses. Our three key assets include interests in the Kinsley project in Nevada and the TV Tower and Halilaga projects in Turkey, each of which has the ability to become a foundational asset. We also have a pipeline of projects characterized by large land positions and district-wide potential that can meet our growth needs for years to come.
For more information, visit www.pilotgold.com or contact:
Patrick Reid, VP Corporate Affairs
Phone: 604-632-4677 or Toll Free 1-877-632-4677
info@pilotgold.com
All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Pilot Gold within the meaning of applicable securities laws, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions about future prices of gold, copper, silver and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining governmental approvals and financing on time, obtaining renewals for existing licences and permits and obtaining required licences and permits, labour stability, stability in market conditions, availability of equipment, accuracy of any mineral resources, successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that are not within the control of Pilot Gold and there is no assurance they will prove to be correct.
Such forward-looking information involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including risks related to TV Tower, reliance on technical information provided by our joint venture partner or other third parties as related to TV Tower; changes in project parameters as plans continue to be refined; successfully completing the earn-in on TV Tower, including the ability to incur the minimum annual Expenditure Requirements to complete the earn-in agreement; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; current and proposed exploration and development; the costs and timing of exploration and development of new deposits; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; uses of funds in general including future capital expenditures, exploration expenditures and other expenses for specific operations; the timing and success of exploration activities generally; achievement of identified tangible project milestones at TV Tower; delays in permitting; satisfaction of Turkish requirements relating to the periodic submissions of Environmental Impact Assessments; possible claims against the Company or its joint venture partners; the impact of archaeological, cultural or environmental studies within the property area, the inability to finalize the conveyance of the Karaayi license, labour disputes; delays in obtaining governmental approvals or financing as well as those factors discussed in the Annual Information Form for the year ended December 31, 2013, dated March 14, 2014 in the section entitled "Risk Factors", under Pilot Gold’s SEDAR profile at www.sedar.com.
Although Pilot Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Pilot Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
February 6, 2015
Includes 234.3 metres of 0.79 g/t AuEq
Pilot Gold Inc. (PLG - TSX) (“Pilot Gold” or the “Company”) is pleased to announce the final 2014 results from its third gold rich porphyry discovery at TV Tower, located 6.5 kilometres north of the Valley and Hilltop porphyries.
The Columbaz discovery is a gold-rich porphyry system overprinted by epithermal gold veins. Three follow-up holes were drilled since announcing this discovery (see press release dated October 22, 2014), testing an area of approximately 200 x 300 metres.
Recent drill highlights include:
•0.36 g/t Au and 0.13% Cu over 499.1 metres (0.59 g/t gold-equivalent (AuEq1)), including 1.o0.48 g/t Au and 0.18% Cu over 234.3 metres (0.79 g/t AuEq) in CD0012C
•0.34 g/t Au and 0.10% Cu over 381.8 metres (0.50 g/t AuEq), including 1.o0.37 g/t Au and 0.13% Cu (0.59 g/t AuEq) over 169.0 metres in CD0011C
•0.30 g/t Au and 0.16% Cu over 208.7 metres (0.58 g/t AuEq) in CD0010C
1at $1200/oz Au and $3.00/lb Cu and 100% recovery
“With the successful follow up to the Columbaz discovery and ongoing success at the Valley and Hilltop porphyries, TV Tower continues to demonstrate the potential to host multiple robust gold and copper-gold systems,” stated Matt Lennox-King, President and CEO of Pilot Gold. “We look forward to building on these results with a comprehensive program across the TV Tower property in 2015.”
ABOUT THE COLUMBAZ DISCOVERY:
The Columbaz discovery is the fifth gold system discovered at TV Tower in the past five years. By consistently applying first principles the Company has an impressive success rate in quickly identifying potential discoveries and confirming them with drilling. The Columbaz porphyry drilling is centred on an aeromagnetic geophysical anomaly measuring approximately 500 metres by 375 metres. Mineralization remains open in all directions and at depth.
Prospecting and mapping by Pilot Gold from 2012 through 2014 led to the identification of low sulphidation epithermal gold-silver veins over a 1 kilometre-long strike length at lower elevations under a previously-identified silica cap. Rock samples yielded “bonanza” (high grade) gold and silver. Pilot Gold’s drill program was originally designed to target the down-dip extension of these veins, and encouraging gold grades were encountered in drill holes CD001C, CD002C and CD008C on the west end of the outcropping vein system.
In the course of drilling, the epithermal veins were observed to overprint alteration indicative of the higher levels of a gold-copper porphyry system. The result is a series of higher-grade gold intercepts related to the epithermal veins, hosted in a matrix of lower-grade gold and copper mineralization related to the porphyry system. The porphyry mineralization is characterized by increasing sericite alteration and quartz-magnetite stockwork veining and the appearance of potassic alteration with increasing depth.
For a map of TV Tower and the Columbaz area, please click here:
http://www.pilotgold.com/sites/default/files/TVTowerDrillMap…
For a table of drill results, please click here:
http://www.pilotgold.com/sites/default/files/TVTDrillResults…
Moira Smith, Ph.D., P.Geo., Chief Geologist, Pilot Gold, is the Company's designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed and verified that the information contained in the release is accurate. Drill composites were calculated using cut-offs of 0.3, 0.5, 1.0 and 2.0 g/t AuEq. Drill intersections are reported as drilled thicknesses. True width of the mineralized interval is interpreted to be approximately 50% of the reported length. Drill samples were assayed by AcmeLabs in Ankara, Turkey and Vancouver, B.C. for gold by Fire Assay of a 30 gram (1 assay ton) charge with ICP-ES or AAS finish, or if over 5.0 g/t were re-assayed and completed with a gravimetric finish. Ag and Cu were determined by ICP-MS, with overlimits (>100 ppm Ag or >10,000 ppm Cu) completed by fire assay with gravimetric finish (Ag) or 4-acid digestion with ICP-ES finish (Cu). QA/QC included the insertion and continual monitoring of numerous standards and blanks into the sample stream, and the collection of duplicate samples at random intervals within each batch.
ABOUT TV TOWER
TV Tower is a joint venture between Pilot Gold (40%) and Teck Madencilik Sanayi Ticaret A.S. (60%), a Turkish subsidiary of Teck Resources Limited. Pilot Gold is project operator at TV Tower and can increase its interest in the project to 60%, through sole funding of exploration over a three-year period.
Further information about TV Tower is available in the technical report “Independent Technical Report for the TV Tower Exploration Property, Canakkale, Western Turkey”, effective January 21, 2014 and dated February 20, 2014 (the “Report”) prepared by Casey M. Hetman, P.Geo. with SRK Consulting (Canada) Inc.; James N. Gray, P. Geo. of Advantage Geoservices Ltd.; and Gary Simmons, BSc, Metallurgical Engineering, of G L Simmons Consulting, LLC, under Pilot Gold’s Issuer Profile on SEDAR (www.sedar.com). Mr. Hetman, Mr. Gray and Mr. Simmons are “Qualified Persons” as defined by NI 43-101.
TV Tower is an early stage exploration project and, except for the mineral resources at the KCD deposit as summarized in the Report, does not contain any mineral resource estimates as defined by NI 43-101. The potential to define a mineral resource at the Columbaz target or at the K2 copper-gold zone, including the porphyry targets is conceptual in nature and there has been insufficient exploration to define a mineral resource thereat. It is uncertain if further exploration at these or other targets at TV Tower will yield a mineral resource.
ABOUT PILOT GOLD
Pilot Gold is a well-funded gold exploration company led by a proven technical team that continues to discover and define high-quality projects featuring strong grades, meaningful size and mining-friendly addresses. Our three key assets include interests in the Kinsley project in Nevada and the TV Tower and Halilaga projects in Turkey, each of which has the ability to become a foundational asset. We also have a pipeline of projects characterized by large land positions and district-wide potential that can meet our growth needs for years to come.
For more information, visit www.pilotgold.com or contact:
Patrick Reid, VP Corporate Affairs
Phone: 604-632-4677 or Toll Free 1-877-632-4677
info@pilotgold.com
All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Pilot Gold within the meaning of applicable securities laws, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions about future prices of gold, copper, silver and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining governmental approvals and financing on time, obtaining renewals for existing licences and permits and obtaining required licences and permits, labour stability, stability in market conditions, availability of equipment, accuracy of any mineral resources, successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that are not within the control of Pilot Gold and there is no assurance they will prove to be correct.
Such forward-looking information involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including risks related to TV Tower, reliance on technical information provided by our joint venture partner or other third parties as related to TV Tower; changes in project parameters as plans continue to be refined; successfully completing the earn-in on TV Tower, including the ability to incur the minimum annual Expenditure Requirements to complete the earn-in agreement; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; current and proposed exploration and development; the costs and timing of exploration and development of new deposits; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; uses of funds in general including future capital expenditures, exploration expenditures and other expenses for specific operations; the timing and success of exploration activities generally; achievement of identified tangible project milestones at TV Tower; delays in permitting; satisfaction of Turkish requirements relating to the periodic submissions of Environmental Impact Assessments; possible claims against the Company or its joint venture partners; the impact of archaeological, cultural or environmental studies within the property area, the inability to finalize the conveyance of the Karaayi license, labour disputes; delays in obtaining governmental approvals or financing as well as those factors discussed in the Annual Information Form for the year ended December 31, 2013, dated March 14, 2014 in the section entitled "Risk Factors", under Pilot Gold’s SEDAR profile at www.sedar.com.
Although Pilot Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Pilot Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
Antwort auf Beitrag Nr.: 48.939.200 von Fantomas96 am 30.01.15 21:05:05Servus Thomi...
worüber reden wir eigentlich hier... ,2 1/2 Jahre nach der PEA Nr.1 diskutieren wir erneut über PEA,PEA Nr.2....mMn hätten sie schon längst an der FS arbeiten müssen!
PEA--->PFS--->FS ist der gängliche Weg eines Projekts...
bei der PLG offensichtlich nicht
PEA Nr.1---->PEA Nr.2------> Was kommt noch PEA Nr.3 ??
Bei den PLG Verantwortlichen habe iche den Eindruck bekommen keiner weiß was der andere schreibt.In der aktuellen Presi und in der PR vom Oktober 2012 stehen ganz klar und deutlich Angaben über CAPEX
http://pilotgold.com/news/pilot-gold-announces-preliminary-e…
http://pilotgold.com/sites/default/files/presentations/Pilot…
PEA Highlights – Case A ($1,200/oz Au; $2.90/lb Cu)
Total gold produced (payable) 1.290 million ounces
Total copper produced (payable) 1.247 billion pounds
Average gold grade 0.30 g/t
Average copper grade 0.28%
Average annual gold production (payable) 92,140 ounces
Average annual copper production (payable) 89,070,000 pounds
Life of mine 14 years
Net Pre-Tax Operating Income $2,587 million
Total Capital Cost $1,168 million
..wie kommen sie auf die 888 Mil.$ ?
Ja,die Recovery haben sie um 12,6% erhöht,toll, das sind umgerechnet 0,0428 gr.Au/t mehr, da haben wir den "Hauptgewinn" gezogen,
Über OPEX steht nur dies;
...Estimated operating and mining costs are higher than in the 2012 PEA as operating overhead and processing costs are now spread over a smaller operation
d.h die OPEX wird nur so "Pi mal Daumen" geschätzt ohne konkrete Zahlen zu nennen !!
Halilaga is ein low grade Projekt und bei den Cu+Au Preisen für mich nicht gut genug,nicht umsetztbar....
Average copper grade (CuEq of 0.545%) 0.34 %
Average gold grade 0.34g/
Ein Punkt möchte ich noch ansprechen(dazu hat sich die PLG gar nichr geäußert) das wäre die aktuelle politische Lage in der Türkei.Glaubst du im ernst daß man wehrend die ISIS an der Tür klopft die Investoren für die neuen Preojekte überzeugen-gewinnen kann,ich nicht.....
Mein Vorschlan an die PLG,sie sollten die Türkei Projekte an Treck abgeben,das Kinsley projekt zu 100% übernehmen und sich nur auf das konzentreiren,alles andere wäre Zeit und Geldverschwendung!
PEACE&LOVE
SEPPi
worüber reden wir eigentlich hier... ,2 1/2 Jahre nach der PEA Nr.1 diskutieren wir erneut über PEA,PEA Nr.2....mMn hätten sie schon längst an der FS arbeiten müssen!
PEA--->PFS--->FS ist der gängliche Weg eines Projekts...
bei der PLG offensichtlich nicht
PEA Nr.1---->PEA Nr.2------> Was kommt noch PEA Nr.3 ??
Bei den PLG Verantwortlichen habe iche den Eindruck bekommen keiner weiß was der andere schreibt.In der aktuellen Presi und in der PR vom Oktober 2012 stehen ganz klar und deutlich Angaben über CAPEX
http://pilotgold.com/news/pilot-gold-announces-preliminary-e…
http://pilotgold.com/sites/default/files/presentations/Pilot…
PEA Highlights – Case A ($1,200/oz Au; $2.90/lb Cu)
Total gold produced (payable) 1.290 million ounces
Total copper produced (payable) 1.247 billion pounds
Average gold grade 0.30 g/t
Average copper grade 0.28%
Average annual gold production (payable) 92,140 ounces
Average annual copper production (payable) 89,070,000 pounds
Life of mine 14 years
Net Pre-Tax Operating Income $2,587 million
Total Capital Cost $1,168 million
..wie kommen sie auf die 888 Mil.$ ?
Ja,die Recovery haben sie um 12,6% erhöht,toll, das sind umgerechnet 0,0428 gr.Au/t mehr, da haben wir den "Hauptgewinn" gezogen,
Über OPEX steht nur dies;
...Estimated operating and mining costs are higher than in the 2012 PEA as operating overhead and processing costs are now spread over a smaller operation
d.h die OPEX wird nur so "Pi mal Daumen" geschätzt ohne konkrete Zahlen zu nennen !!
Halilaga is ein low grade Projekt und bei den Cu+Au Preisen für mich nicht gut genug,nicht umsetztbar....
Average copper grade (CuEq of 0.545%) 0.34 %
Average gold grade 0.34g/
Ein Punkt möchte ich noch ansprechen(dazu hat sich die PLG gar nichr geäußert) das wäre die aktuelle politische Lage in der Türkei.Glaubst du im ernst daß man wehrend die ISIS an der Tür klopft die Investoren für die neuen Preojekte überzeugen-gewinnen kann,ich nicht.....
Mein Vorschlan an die PLG,sie sollten die Türkei Projekte an Treck abgeben,das Kinsley projekt zu 100% übernehmen und sich nur auf das konzentreiren,alles andere wäre Zeit und Geldverschwendung!
PEACE&LOVE
SEPPi
Antwort auf Beitrag Nr.: 48.936.140 von SEPP_EIXLBERGER am 30.01.15 16:36:29
Servus Sepp,
da finde ich Deinen Kommentar aber ein wenig zu harsch.
Immerhin gibt es zwei Jahre mehr mit Explorationsergebnissen und neuen geologischen Erkenntnissen.
Und die Veränderungen zur Verbesserung des PEA hat man ja auch aufgeführt:
The revised PEA incorporated a number of optimization enhancements, specifically:
- an optimized mine plan: a smaller mine size and a reduced throughput tonnage resulted in increased grade over the LOM.
- the use of contract mining: eliminated CAPEX related to owner-operator mining fleet which is offset by a small increase in OPEX.
- reduced pre-production CAPEX: as a result of the optimization of the mine plan and the contemplation of contract mining, pre-production CAPEX was reduced by $542.8 million to $346 million from $888.8 million. CAPEX savings were partially offset by the addition of a tailings liner for improved environmental regard.
- increased gold recoveries: added a CIL plant to improve gold recovery; increasing overall gold recovery from 60.8% to 73.4%.
- the application of various government incentives: after reviewing various Turkish tax investment incentives, the effective corporate tax rate was reduced to 4%. Additional investment incentives such as VAT and customs duties exceptions, social security premium relief and interest relief on third-party debt are not modelled and may be available.
Nicht koscher ? Na ja, ich weiß nicht. Sehe ich ein bißchen anders.
Zitat von SEPP_EIXLBERGER: [....]
Die Capex haben sie um ca.2/3 reduziert
die Produktion halbiert,und das IRR verdoppelt !
Ich frage mich ob sie einen neuen Tachenrechner benutzt haben oder eine neue Rechnungsmethode angewendet die mir noch nicht bekannt ist!
Koscher ist dies nicht!
PEACE & LOVE
SEPPi
Servus Sepp,
da finde ich Deinen Kommentar aber ein wenig zu harsch.
Immerhin gibt es zwei Jahre mehr mit Explorationsergebnissen und neuen geologischen Erkenntnissen.
Und die Veränderungen zur Verbesserung des PEA hat man ja auch aufgeführt:
The revised PEA incorporated a number of optimization enhancements, specifically:
- an optimized mine plan: a smaller mine size and a reduced throughput tonnage resulted in increased grade over the LOM.
- the use of contract mining: eliminated CAPEX related to owner-operator mining fleet which is offset by a small increase in OPEX.
- reduced pre-production CAPEX: as a result of the optimization of the mine plan and the contemplation of contract mining, pre-production CAPEX was reduced by $542.8 million to $346 million from $888.8 million. CAPEX savings were partially offset by the addition of a tailings liner for improved environmental regard.
- increased gold recoveries: added a CIL plant to improve gold recovery; increasing overall gold recovery from 60.8% to 73.4%.
- the application of various government incentives: after reviewing various Turkish tax investment incentives, the effective corporate tax rate was reduced to 4%. Additional investment incentives such as VAT and customs duties exceptions, social security premium relief and interest relief on third-party debt are not modelled and may be available.
Nicht koscher ? Na ja, ich weiß nicht. Sehe ich ein bißchen anders.
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