Pilot Gold (Seite 8)

[tpnl]

So schätzt seeking alpha die News ein:

Update: Pilot Gold Continues To Find High-Grade Gold At Mt Kinsley
Sep. 12, 2014 3:38 AM ET | About: Pilot Gold, Inc. (PLGTF)

Disclosure: The author is long PLGTF.

Summary

Pilot Gold announces high-grade gold over a decent width.
This was not unexpected, but it’s good to see an exploration thesis being confirmed.
For now, the investment thesis remains intact as the surface area is still relatively small. I might have to upgrade my opinion once Mt Kinsley grows further.

Pilot Gold (OTCPK:PLGTF) has once again reported very impressive drill results from the 79% owned Mt Kinsley project in Nevada. As I explained in my original article, the company is applying a new exploration strategy whereby it was hoping to encounter high-grade mineralization in different rock types. This strategy is working well, as this year's exploration program at Mt Kinsley is a huge success.

In the most recent update, Pilot Gold has encountered in excess of 45 meters of more than 6g/t gold (almost 0.2 oz/t). Even at the current gold price this means the ore has a rock value of approximately $225/t which is quite nice. Other high-grade intercepts were 7.6 meters of in excess of 0.25oz/t gold and 2.8 meters of in excess of 10g/t. These are very impressive results and at this moment the surface area of the mineralized zones seems to be 200x250 meters for an area of 5 hectares. This isn't very large yet, but the mineralization seems to be open to the South, Southeast and north-northeast.

It's quite important to mention the company has also encountered almost 26 meters of 1.34g/t at the Secret Spot area, which is more than a mile away from the Western Flank. According to the company, this could mean that the mineralization is potentially spread out throughout the entire area, and it'll be very interesting to see if this working thesis will be correct.

Editor's Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.

[Szween]

Für 1,17 CAD noch mal ein paar Stücke erworben. Hoffentlich kann man weiterhin gute Bohrergebnisse liefern.

[tpnl]

News:

Pilot Gold reports 6.16 g/t Gold over 45.7 metres at Western Flank target, Kinsley Mountain
September 10, 2014
Pilot Gold Inc. (PLG - TSX) (“Pilot Gold” or the “Company”) is pleased to report highlights from ongoing drilling and an update on other activities at the Kinsley Mountain Project in eastern Nevada.
Since the kick-off of the summer drilling program, a total of 16,772 metres in 16 core and 29 RC holes has been drilled to date, with assays pending for 5 holes. The Kinsley land package has increased, with the Company adding five patented claims (66 acres / 26 Ha) and an additional 40 federal lode claims (800 acres / 324 Ha). Pilot Gold has also secured 1,080 acre feet of water rights, and initiated metallurgical studies at the Western Flank.
Highlights from recent drilling in the Western Flank area include:
• 6.19 g/t (grams per tonne) gold over 45.7 metres in PK175CA, including
- 13.8 g/t gold over 19.2 metres
• 3.91 g/t gold over 18.3 metres in PK159C, including
- 8.15 g/t gold over 7.6 metres
• 2.89 g/t gold over 19.1 metres in PK162C, including
- 10.5 g/t over 2.8 metres
“A successful project is more than just our high-grade drill intercepts,” stated Matt Lennox-King, President & CEO of Pilot Gold. “At Kinsley Mountain we continue building value beyond the drill bit by adding to our land package, securing water rights, advancing permits, and getting a head-start on metallurgy.”
Step-out drilling at the Western Flank has continued to target high-grade mineralization in the Secret Canyon / Clark Springs formations, and the near-surface Candland Shale unit. The high-grade Western Flank footprint now covers 250 by 200 metres and remains open to the south, north-northeast and southeast. Mineralization in the Candland Shale trends north-northeast and is open to the south. Drilling at the Western Flank has not encountered any groundwater, which may simplify permitting in a development scenario.
Drilling at the Secret Spot target, located two kilometres to the south of the Western Flank target, resulted in the discovery of a thick zone of gold mineralization in the Secret Canyon shale, which is the same host for high-grade mineralization in the Western Flank. The existence of gold mineralization in the same unit two kilometres from the Western Flank suggests that mineralization could be wide-spread in this unit; follow up drilling is planned to test the extent of gold mineralization in this area.
Highlights from recent drilling at the Secret Spot target include:
• 1.34 g/t gold over 25.9 metres and
- 1.09 g/t over 13.7 metres and
- 3.02 g/t over 6.1 metres in PK153
The discovery of significant surface oxide mineralization brought early success to the Right Spot area, where new targets are being developed based on this drilling and additional surface work. Initial drill tests for deep mineralization under the existing pits returned anomalous gold and elevated pathfinders in the Secret Canyon shale. A follow-up program to vector towards higher grades is being developed for this area.
For a table of 2014 Kinsley Mountain drill results to date, please click here:
http://www.pilotgold.com/sites/default/files/Kinsley_DrillRe…
For drill maps outlining the Western Flank/Right Spot area, please click here:
http://www.pilotgold.com/sites/default/files/KinsleyDrillMap…
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 validated that the information contained in the release is accurate. Drill composites were calculated using a cut-off of 0.20 g/t. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals are interpreted to be between 30-90% of the reported lengths. Drill samples were assayed by ALS Chemex (ISO9001:2000) in Reno, Nevada for gold by Fire Assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 5.0 g/t were re-assayed and completed with a gravimetric finish. For these samples, the gravimetric data were utilized in calculating gold intersections. For any samples assaying over 0.200 ppm an additional cyanide leach analysis is done where the sample is treated with a 0.25% NACN solution and rolled for an hour. An aliquot of the final leach solution is then centrifuged and analyzed by AAS. QA/QC for all drill samples consists of 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. Selected holes are also analyzed for a 51 multi-element geochemical suite by ICP-MS.

[tpnl]

Zu den neuen Bohrergebnissen ein Artikel auf seekingalpha:

http://seekingalpha.com/article/2477035-update-pilot-gold-fi…


Pilot Gold Finds More Copper And Gold At Porphyry Valley

Sep. 8, 2014 2:04 AM ET | About: Pilot Gold, Inc. (PLGTF)

Summary
•Pilot Gold’s drill results confirm continuous mineralization at Valley Porphyry.
•This was expected as the contrary would really have surprised me.
•The investment thesis remains standing. Pilot Gold has a superior team exploring on three different projects.

Pilot Gold (OTCPK:PLGTF) has announced new drill results from its ongoing exploration program in Turkey where the company has formed an exploration joint venture with Teck Resources (NYSE:TCK). Thirteen holes have been completed today, and the company has also announced it has just received all necessary permits to drill from additional sites to test the continuity of the mineralization throughout almost the entire system which has a strike length of 1,400 meters.

I like the intercept of almost 135 meters at 0.63g/t gold and 0.27% copper. This might sound low, but these are typical grades for copper-gold porphyries and the length of this intercept is extremely encouraging. Keep in mind the Porphyry Valley prospect is less than half a mile from the Hilltop prospect and just a few miles from the Halilaga project where a PEA has been completed, so all mineralized zones are located very close to each other and this might open up the possibility to create synergies between the more advanced stage Halilaga zone and the exploration-stage Porphyry Valley and Hilltop zones.

I was already expecting to see some drill results from Porphyry Valley and these holes are what could be expected from a copper-gold porphyry zone as there seems to be a nice continuous mineralized layer in the ground. As the drill permits have now been secured to expand the drill program I'm now very eager to see what the total mineralized envelope at Valley could be.

[tpnl]

Pilot Gold hits 0.63 g/t Au and 0.27% Cu over 134.7 metres at TV Tower
September 4, 2014

VANCOUVER, B.C. – Pilot Gold Inc. (PLG - TSX) (“Pilot Gold” or the “Company”) is pleased to announce the results of recent step-out drilling at the Valley porphyry discovery at TV Tower. Pilot Gold has completed 13 drill holes to date at the Valley Porphyry, and has now secured permits to drill test most of the 1,400 metre length of the zone.
Recent drill highlights include:
- 0.63 g/t gold (Au) and 0.27% copper (Cu) over 134.7 metres (1.10 g/t gold-equivalent (AuEq1)) in KRD016C
- 0.41 g/t Au and 0.25% Cu over 70.2 metres (0.83 g/t AuEq1) in KRD018C.
1 at $1200/oz Au and $3.00/lb Cu and 100% recovery

These latest results from step-out drilling extend copper and gold mineralization over an area of approximately 300 metres by 200 metres. Porphyry copper-gold mineralization at the Valley porphyry starts at surface and can be traced continuously in outcrop over a distance of 200 metres. The Valley is the second copper-gold porphyry discovered at TV Tower, and is located 750 metres south of the Hilltop Porphyry.
“The Valley Porphyry continues to grow, with significant drill results supported by strong surface assays over a wide area. With our recently-acquired drill permits, we are now in a position to test the full strike extent of the Valley Porphyry target,” stated Matt Lennox-King, President and CEO of Pilot Gold. “TV Tower is a highly prospective property within an emerging porphyry district that makes this one of the leading exploration projects in Turkey.”
For a drill map of the Valley Porphyry, 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…
Surface Program:
Surface work to date has included extensive surface rock and soil sampling over the entire Valley Porphyry target, as well as detailed geologic mapping. Continuous saw-cut channel sampling was carried out utilizing outcrop exposed in an incised creek bed and extending approximately 200 metres to the northwest of discovery drill hole KRD010, with individual samples grading up to 3.6 g/t Au and 0.9% Cu.
Copper is oxidized and leached in rock samples, suggesting the presence of higher copper grades at shallow depth. Grab, chip, and channel sampling over the entire 1,400 metre by 400 metre footprint of the copper and gold-in-soil anomaly also returned evidence of copper and gold mineralization.
Permitting Update:
On August 15, 2014 Pilot Gold received notification that its request for permission to drill from additional sites bordering the southwest side of the Valley Porphyry target was approved. Pilot Gold now has access to test the overall size of the porphyry target, and has commenced drilling on a site to the northwest of KRD010.
About the Valley Porphyry Discovery:
The Valley Porphyry is the most recent discovery at TV Tower and the third porphyry system identified by our team. The discovery was made through systematic and rapid exploration from initial concept to discovery in six months. Comprehensive soil sampling defined a 1,400 metre by 400 metre, northwest-trending copper and gold-in-soil anomaly located to the south of the property’s K2 high-sulphidation oxide gold trend. Individual soil samples returned up to 1,600 ppm copper and up to 830 ppb gold. Drill results to date show that the Valley Porphyry system can produce intervals of higher grades.
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 widths of the mineralized intervals are interpreted to be approximately 50 to 80% of the reported lengths. 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 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 copper-gold K2 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.

[tpnl]

Ein positiver Beitrag auf seekingalpha:

http://seekingalpha.com/article/2426525-pilot-gold-smart-acq…


Pilot Gold: Smart Acquisitions Should Pay Off In The Futur

Summary
•Pilot Gold is earning in into a district-scale play in Turkey with Teck Resources as its joint venture partner.
•The newly discovered Valley porphyry zone in Turkey has the potential to enhance the economics of the Halilag project.
•A new approach has resulted in huge exploration success in Nevada, and the team will probably repeat this success on the soon-to-be-acquired Goldstrike Project.

Introduction

In this article I'd like to shine my light on Pilot Gold (OTCPK:PLGTF) which is involved in two projects in Nevada and in Turkey. What I like the most about this company is the fact that the management team is ex-Fronteer Gold which was sold for $2.3B to Newmont Gold (NYSE:NEM) in 2010. Additionally, it looks like the management team is making very interesting acquisitions in Nevada as it seems to understand this is a buyer's market and it seems to be taking advantage of this.

Liquidity on the US exchanges is quite limited and I would strongly recommend to trade in shares of Pilot Gold through the facilities of the Toronto Stock Exchange where the company is listed on the main board with PLG as its ticker symbol. The average daily dollar volume is $190,000 which should be sufficient for the bigger whales as well. The current market capitalization is approximately $130M (increasing to $135M after the Cadillac Mining buyout will be finalized).

As this is a Canadian company, I recalculated Canadian Dollars into US Dollars where necessary, using an USD/CAD exchange rate of 1.09. Additionally, all images in this article were directly taken from the company's public materials.

The Turkish TV Tower and Halilaga Projects

Pilot Gold's largest operations are in Turkey, where the company has entered into a joint venture agreement with nobody less than Teck Resources (NYSE:TCK) to jointly explore what seems to be shaping up like an entirely new mining district in Turkey. Pilot Gold currently owns 40% of the TV Tower project but can earn up to 60% by spending $21M on the ground in three years time (and the 60% threshold should be reached within the next few months). Soil geochem has provided the company with several promising exploration targets and on the northern part of the property, the KCD target grew out to be Turkey's third largest silver project at this moment. But I'm more interested in the K2 porphyry zone on the southern part of the license.

A porphyry zone (consisting of oxide gold zones and supergene copper zones) with a strike length of 2.5 miles (!) has been discovered on the southern part of the license and drilling has confirmed the preliminary geochem exploration results as the Hilltop property revealed interesting drill results such as 224 meters of 0.3% copper and 0.13 g/t gold. This is low grade but it's a sign there's something there, and the company will follow up on this with more drill holes to find the higher grade zones.

What's more impressive are the drill results from the newly discovered so-called Valley Porphyry zone where a drill program seems to have hit every geologist's wet dream: a relatively high-grade copper-gold porphyry zone with intervals of over 150 meters of 0.99g/t gold and 0.39% Cu and almost 131 meters of 0.48% copper and 1.59g/t gold. To give you an idea, the rock value of this last drill hole is approximately $100/t which is very good for a copper-gold porphyry (and equals approximately 2.4g/t gold-equivalent). But wait, it gets even more interesting as in those longer intercepts there were shorter intercepts at a much higher grade. In the last hole over almost 131 meters, there was a very high-grade zone of approximately 50 meters at an average grade of 3.12g/t gold and 0.85% copper (rock value: $191/t). This might indicate that Pilot Gold and Teck are sitting on a potential elephant here (depending on the total size of this zone. The grade is good, now it'll be important to find out how big this zone is) and this definitely validates the 'this ain't a project, this seems to be an entirely new district' theory. I will be very interested to see more drill results from this Valley discovery as it definitely looks more impressive than the Hilltop Porphyry at this time.

And it gets even better! Just 9 miles south of this Valley discovery, Pilot Gold has a joint venture with Teck on another copper-gold project which is more advanced. The partners have completed a Preliminary Economic Assessment on the Halilaga project and using a copper price of $3.3/lbs and a gold price of $1350/oz, the after-tax NPV7% is a very impressive $799M. Even at a copper and gold price of respectively $2.9/lbs and $1200/oz the after-tax NPV7% still is $474M which means that Pilot Gold's 40% stake could be valued at $190M.

As said, Halilaga is a copper-gold project as well and the PEA expects this project to produce on average 92,000 ounces of gold and 89 million pounds of copper per year during 14 years for a total production of 1.3M oz gold and 1.25B pounds of copper. The main issue here is the relatively high initial capital expenditures of $970M (excluding contingency), and in this financing environment a billion dollar capex might kill a project. Fortunately, there are several possibilities to optimize the results of this study, as the PEA was based on an owner-operator model, whereas a contractor model would reduce the capex by $190M whilst the operating costs would only increase marginally. Additionally, a Carbon-in-Leach plant to recover the gold in the tailings (the average recovery rate of the gold on the flow sheet is just 61%) might increase the life of mine gold production by 95,000 ounces of gold. This might not sound like much, but this would increase the annual cash flow by a few millions and the NPV by $30-50M at this stage.

And this is why the Valley Discovery could be very interesting. If you have a high-grade copper-gold zone just 9 miles away, it might make a lot of sense to truck (or even easier, use a conveyor belt) the Valley ore to the Halilaga processing facility. This would increase the overall head grade of the project and thus enhance the economics and payback period of Halilaga. And this seems to be a very realistic scenario and not only would the economics be superior, the total mine life at Halilaga could very likely be extended if you haul ore from Valley to Halilaga. The only issue with this scenario is the fact that Pilot Gold only owns 40% of Halilaga whilst it will own 60% of the Valley zone, so it looks like both joint venture partners will be headed to the negotiation table once a viable resource will be published on the Valley project.

Mt Kinsley in Nevada

Pilot Gold's management team became famous after it sold its previous project, Fronteer Gold in Nevada to Newmont Mining for $2.3B. With the joint venture agreement on the Mt Kinsley project, they are returning to Nevada and are replicating their exploration model from Fronteer Gold onto Mt Kinsley.

The project is a past-producing gold project which produced approximately 140,000 ounces of gold from a relatively high grade (1.4g/t) oxide zone. The project was shut down in the late 1990s when the gold price was too low for the operation to be profitable. Pilot Gold entered into a joint venture agreement with Nevada Sunrise, a small exploration company, and currently owns 79% of the project which means that Pilot Gold is calling the (exploration) shots.

The strategy to revisit an old project to drill test for new stratigraphic zones (see previous image) has really paid off at Mt Kinsley and the exploration team was spot on as in the Secret Canyon shale (which was deeper than where historic drilling stopped), Pilot Gold discovered astonishing results such as 6.85g/t gold over 41 meters, 7.5 g/t over 53 meters and 10.5g/t over more than 42 meters at depth, as well as 41 meters of 3.35g/t gold on surface. Based on the intervals and grades, Mt Kinsley definitely seems to be shaping up to be a very intriguing exploration story. It's still very early in the exploration game, but it looks like Pilot Gold will have no problem to prove up 1-1.5Moz gold in a maiden resource estimate on this property.

More money will have to be spent on the property, and Pilot Gold is currently working on a $6M exploration program which will mainly focus on extending the mineralized zones in the Cadland and Secret Canyon shale over a targeted strike length of approximately 1 mile. As Nevada Sunrise owns 21% of the project, it will have to contribute $1.27M to this drill program, to the effective cost for Pilot Gold is 'just' $4.8M. That being said, it will be very interesting to see what Pilot Gold will try to do to acquire full ownership of the project, as that would definitely simplify and streamline things.

Why the acquisition of Cadillac Mining is a good thing and consistent with the company's strategy

Earlier this year, Pilot Gold announced it made an offer to acquire all outstanding shares of Cadillac Mining in a share swap whereby every share of Cadillac would be converted into 0.12195 shares of Pilot Gold and receive 0.12195 warrant valid for two years with an exercise price of C$2.00 ($1.82). As the current share price of Cadillac is trading above the share swap offer, the additional value can be contributed to the warrant kicker. A simple calculation ([C$0.018 / 0.12195] / 1.09) results in the fact that Pilot Gold's share price needs to reach $1.95 in order for the new Cadillac buyers to break even. This means that the market thinks that it's very realistic to see Pilot Gold trading at above $1.95 sometime over the next two years and that it's betting on this by pushing the theoretical price of the warrant in the Cadillac offer higher.

So what does Cadillac own? Cadillac fully owns the Goldstrike project in Utah, and this acquisition is a perfect and logic fit for Pilot Gold as Pilot was continuously looking to add projects in a safe region with historical exploration or production. The first project which fitted this description was Mt Kinsley in Nevada and as you'll see, there are a lot of similarities between Goldstrike and Mt Kinsley, as both have an oxide layer and then a high-grade sulphide zone (and Pilot Gold is once again hoping to find previously undiscovered high-grade stratigraphic zones). So this acquisition makes a lot of sense and is 100% consistent with the company's strategy.

And I don't think Pilot Gold's buying spree will end anytime soon. The company seems to understand this is a buyer's market and I dare to bet more opportunistic acquisitions will follow and I think Pilot Gold has several more small companies (market cap <$20M) with either a not-so-good management team or insufficient funds to continue on their own on the radar. And you know what? I like this kind of strategic growth, as Pilot Gold has access to funds where the doors remain closed for more junior exploration companies. At this point in time, Pilot has approximately $25M in cash in its treasury, which is a very comfortable position to be in.

Investment Thesis

I usually get a bit nervous when I see an exploration company being valued at $130M, but I have the impression this is not a ridiculously high value for a company like Pilot Gold. First of all, Pilot's 40% share of the NPV of the Halilaga project is already higher than the current market capitalization, and as it will earn a 60% interest in the TV Tower project later this year (which contains Turkey's third largest silver project and a copper-gold zone with a strike length of 2.5 miles, I can easily see the Turkish project to be worth $100M at this point in time, and possibly more if the Valley porphyry zone can indeed be used to haul ore to the Halilag project to enhance the economics.

Additionally, the exploration team seems to be spot on again with its theory that there would be higher-grade zones at a deeper portion of the Mt Kinsley project as the drill results have revealed phenomenal intercepts. I don't think this will be a 5 million ounce discovery, but I do think a maiden resource estimate will confirm 1 million ounces of gold and that a total of 2 million ounces isn't out of the question. As there's an oxide zone and as this is a past-producing project, I think Mt Kinsley could be brought back into production relatively fast and cheap.

Looking at Cadillac's Goldstrike project, the Pilot Gold team will very likely use the same approach as it did on Mt Kinsley, and I'm actually excited to see what a Pilot Gold-lead exploration program can reveal. Additionally, there's no financial pressure on the company as it has approximately $25M in cash.

Based on all these facts, I consider Pilot Gold to be an interesting multi-asset exploration play, and I have recently taken a position which I might increase if the share price goes lower.

[seinfeld]

Antwort auf Beitrag Nr.: 47.490.502 von tpnl am 12.08.14 07:09:19

Pilot Gold und Cadillac Mining: Aktionäre bewilligen Übernahme

Wie Cadillac Mining Corporation kürzlich bekannt gab, hat das Unternehmen im Rahmen der Sonderversammlung am vergangenen Freitag die mehrheitliche Zustimmung seiner Aktionäre bezüglich der geplanten Transaktion mit Pilot Gold Inc. eingeholt.

99,99% der Aktionäre des Unternehmens hätten demnach die Übernahme bewilligt, die den Erwerb sämtlicher ausgegebener und ausstehender Aktien von Cadillac durch Pilot Gold vorsieht. Gemäß Vereinbarung erhalten die Cadillac-Aktionäre für jede gehaltene Aktie 0,12195 Pilot-Aktien sowie 0,12195 Aktienwarrants von Pilot. Jeder volle Warrant berechtigt den Inhaber dabei über einen Zeitraum von zwei Jahren zum Erwerb einer Pilot-Stammaktie zu einem Ausübungspreis von 2,00 CAD.

Selbiges Tauschverhältnis wird auch auf sämtliche ausstehenden Cadillac-Warrants und -optionen angewendet.

In Verbindung mit der Übernahme hat Pilot Gold Cadillac einen zusätzlichen Kreditrahmen über 95.000 $ gewährt, mithilfe derer die Kosten gedeckt werden sollen, die Cadillac im Vorfeld des Transaktionsabschlusses entstehen.

© Redaktion GoldSeiten.de / Rohstoff-Welt.de / MinenPortal.de


Gruß, Seinfeld

[tpnl]

Expertenkommentare zusammengetragen auf Stockhouse:


Wayne Hewgill, Tempest Capital (7/29/14) "Pilot Gold Inc. announced followup drilling from the recently discovered Valley copper-gold porphyry target located within the K2 target area on the company's
TV
Tower joint venture (JV). Highlights include 130.9m grading 1.59 g/t Au and 0.48% Cu, starting at surface. . .the project has the potential to have synergies with Pilot's preliminary economic assessment-stage Halilaga Cu-Au porphyry JV."

Brent Cook, Exploration Insights (7/28/14) "Pilot Gold Inc. released drill assays from four holes into its Valley porphyry copper/gold target on the TV Tower property. . .these are positive results for the first drill test of a new porphyry system. I am encouraged by the relatively high grades, large geochemical signature and extensive alteration at Valley."

Jeff Killeen, CIBC World Markets (7/23/14) "Pilot Gold Inc. has announced results from follow-up drilling on the Valley Porphyry discovery at TV Tower. . .its third copper-gold porphyry discovery in Turkey. We are encouraged by today's results, with highlight hole KRD-14C returning 1.59 g/t Au and 0.48% Cu over 130.9m; the additional four holes reported. . .returned significant gold-copper intercepts, extending the zone north and east. . .close proximity to the Halilaga copper-gold project (15 km) could provide the company with more options longer term. . .we view the drilling results as positive for Pilot Gold as they highlight the potential for continued resource growth at TV Tower."

Vivien Diniz, Resource Investing News (7/22/14) "Today, Pilot Gold Inc. released the results of five drill holes at its new Valley Porphyry discovery in northwest Turkey, and they did not disappoint. The company reported that all holes returned long runs of both copper and gold mineralization starting at surface."

Dan Rollins, RBC Capital Markets (7/22/14) "We expect the market to react positively to Pilot Gold Inc.'s follow-up drilling from the Valley Porphyry target at its TV Tower property. In our view, previous and ongoing exploration success highlights the underlying potential of the company's land package in the emerging Biga district of Turkey. We expect TV Tower to continue to provide the company with a second source of positive exploration news flow, in addition to its prospective Kinsley Mountain property in Nevada."

http://www.stockhouse.com/companies/bullboard/t.plg/pilot-go…

[Popeye82]

wer Pilot Gold, betreffend Kinsley Mountain, gut findet, kann sich auch mal Galileo Resources Plc anschauen.
www.miningmaven.com/companies/aim-mining/galileo-resources/g…

[Szween]

Wie seht ihr die Ergebnisse so ? Könnte etwas besser sein oder ?