Pilot Gold (Seite 21)

[prallhans]

Kam gerade per Mail. Dazu ein Chart wie im Bilderbuch. Ich spiel da mal mit jetzt.

Pilot Gold reports 6.59 g/t gold over 34.2 metres at TV Tower
January 15, 2013

Drilling shows continuity of high-grade gold extending more than 100 metres

VANCOUVER, B.C. – Pilot Gold Inc. (PLG - TSX) (“Pilot Gold” or the “Company”) is pleased to report that infill drilling from holes to the southeast and down-dip to the northeast of KCD-50 returned significant intervals of high-grade gold, including one interval containing visible gold.

Drill highlights include:

6.59 g/t gold (Au) over 34.2 metres in KCD-80, including
42.0 g/t Au over 3.7 metres; and
9.58 g/t Au over 4.5 metres

2.83 g/t Au over 32.0 metres in KCD-85, including
7.20 g/t Au over 10.6 metres

7.08 g/t Au over 17.0 metres in KCD-72, including
86.0 g/t Au over 1.3 metres

“Infill drilling is necessary to demonstrate continuity of high-grade zones of gold mineralization, and we are pleased that these results confirm continuity and extend it,” said Matt Lennox-King, President and CEO, Pilot Gold.

Core holes KCD-80, KCD-83 and KCD-85 were fanned from a single drill pad located approximately 25 metres southeast of KCD-50, which returned 12.0 metres averaging 193 g/t gold. The results suggest that a zone of high gold grades extends continuously from KCD-50 southeast to join strong intercepts such as KCD-39 (5.94 g/t Au over 137.1 metres) over a total distance of more than 100 metres.

The intercept from KCD-72 contains visible gold. The hole was drilled from the same pad as KCD-50, and extends high-grade gold mineralization down-dip approximately 25 metres to the northeast.

For a map highlighting recent drilling, please click: http://www.pilotgold.com/sites/default/files/TVTowerDrillMap…

The drill results form part of an aggressive first-year exploration program consisting of 16,000 metres of diamond core drilling, property-wide airborne magnetic/EM geophysics and ongoing surface mapping and geochemical sampling.

Approximately 12,180 metres in 61 holes at KCD have been completed, with assays pending for 20 holes. Drilling in the near-term will continue to focus on infill and step-out drilling in the KCD target area, followed by systematic testing of other high-priority targets throughout 2013.

Hole ID


From (m)


To (m)


Intercept (m)


Au (g/t)


Ag (g/t)


Cu (%)


Au Cut-Off g/t

KCD072


57.1


64.0


6.9


1.67


4.5


0.09


0.3

and


91.0


110.0


19.0


0.89


1.2


0.08


0.3

including


107.5


108.9


1.4


6.30


5.6


0.54


3.0

and


119.0


136.0


17.0


7.08


2.3


0.11


0.3

including


131.6


132.9


1.3


86.0


21.5


0.82


10.0

KCD080


63.8


98.0


34.2


6.59


5.9


0.32


0.3

including


64.9


71.0


6.1


10.2


21.6


1.26


10.0

including


88.6


92.3


3.7


42.0


7.5


0.03


10.0

and


105.5


110.0


4.5


9.58


3.1


0.23


0.3

including


106.8


108.4


1.6


26.2


6.1


0.47


10.0

KCD083


51.0


79.5


28.5


0.94


3.9


0.13


0.3

including


74.9


76.5


1.6


4.88


13.9


0.77


3.0

and


114.1


121.5


7.4


1.74


2.5


0.19


0.3

KCD085


33.8


65.8


32.0


2.83


12.7


0.07


0.3

including


41.0


51.6


10.6


7.20


23.4


0.06


3.0

including


42.5


44.0


1.5


11.6


55.1


0.04


10.0

including


48.6


50.0


1.4


15.5


12.8


0.03


10.0

and


74.4


80.6


6.2


6.86


2.5


0.20


0.3

including


75.8


78.3


2.5


16.0


4.1


0.31


10.0

and


100.2


122.7


22.5


1.86


4.1


0.29


0.3

including


101.2


105.5


4.3


6.49


12.9


0.73


3.0

All true widths are 50-100% of reported widths unless otherwise stated. All intervals of no sampling have been assigned zero grade for the purposes of compositing. For a comprehensive table of results related to gold mineralization, please click: http://www.pilotgold.com/sites/default/files/TVTowerDrillRes…

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 (“Teck”). 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. (See press release dated September 12, 2012 for full details of the deal terms.)

Located on the Biga Peninsula of northwest Turkey, TV Tower encompasses 71 square kilometres. It contains a large number of targets ranging from high- and low-sulphidation epithermal gold-silver to porphyry gold-copper. The project has an extensive road network and targets to date all lie on land administered by Turkey’s Ministry of Forestry. It is located immediately west of the Kirazli gold project (Alamos Gold) and approximately 10 kilometres northwest of the Halilaga copper-gold project (Teck/Pilot Gold).

First-pass drilling in 2010 resulted in new discoveries at the KCD and Kayali targets. Surface exploration by Pilot Gold continues to uncover robust new targets, including the bonanza-grade Columbaz low sulphidation epithermal vein system that returned 39 g/t gold and 290 g/t silver in recent rock chip sampling.

TV Tower is an early stage exploration project and does not contain any mineral resource estimates as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (“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 yielding a mineral resource.

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 NI 43-101 and has reviewed and validated that the information contained in the release is accurate. Drill composites were calculated using cut-offs of 0.3, 3.0 and 10.0 g/t Au. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals are interpreted to be between 50-100% 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 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 TV Tower and Halilaga projects in Turkey, and the Kinsley Mountain project in Nevada, 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:

Investors:
Patrick Reid, VP Corporate Development
Phone: [phone] or Toll Free 1-877-632-4677
[e-mail]

Media:
Ian Noble, Director, Corporate Communications
Phone: [phone]
[e-mail]

Further information is available in the technical report entitled "Updated Technical Report on the TV Tower Exploration Property, Çanakkale, Western Turkey”, effective July 15, 2012 and dated August 3, 2012, prepared by Paul Gribble, B.Sc., C.Eng., FIMMM, UK Manager, Geology of Tetra Tech WEI Inc., under Pilot Gold’s Issuer Profile on SEDAR (www.sedar.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 timing of exploration and development plans at the Company’s mineral projects. 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 and mineral reserves, 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, including, but not limited to, statements that address reserve potential, potential quantity and/or grade of minerals, potential size of a mineralized zone, potential expansion of mineralization, the timing and results of future resource estimates, proposed timing of exploration and development plans at the Company’s mineral projects, and the estimation of mineral reserves and resources involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Pilot Gold to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Such factors include, among others, risks related to the interpretation of results at certain of our exploration properties, reliance on technical information provided by our joint venture partners or other third parties as related to any of our exploration properties; changes in project parameters as plans continue to be refined; successfully completing the earn-in on the TV Tower project, including the ability to incur the minimum annual Expenditure Requirements and future issuance of common shares as consideration 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 the 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; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, financing or in the completion of exploration as well as those factors discussed in the (final) short form prospectus of the Company dated October 25, 2012, 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. Accordingly, readers should not place undue reliance on forward-looking information. Further details relating to Pilot Gold are also available in our Annual Information Form, available under Pilot Gold’s SEDAR profile at www.sedar.com.

[seinfeld]

Antwort auf Beitrag Nr.: 44.000.727 von seinfeld am 09.01.13 17:01:51

Pilot Gold sells Regent property to Rawhide Mining, strengthens treasury

January 10, 2013

Purchase includes $3 million in cash, 15% net profits royalty in property and Gold Bonus payment

Pilot Gold Inc. (PLG - TSX) (“Pilot Gold” or the “Company”) has signed and closed a definitive purchase agreement (the “Agreement”) to sell 100% of its Regent exploration property (“Regent”, or the “Property”) to Rawhide Mining LLC (“RMC”) for $3 million in cash.

Pilot Gold will retain a net profits royalty of 15% on the Property and is entitled to a sliding scale gold equivalent bonus payment (the “Gold Bonus”), each of which is payable in certain circumstances after RMC has achieved production at the Property.

"Regent’s divestiture allows the Company to add to its strong cash position while the royalty potentially offers exposure to production for Pilot Gold, as RMC intends to integrate Regent into its existing mining operations,” said Matt Lennox-King, President and CEO, Pilot Gold.

Transaction highlights:
•
Non-refundable payments to Pilot Gold of $2 million received at closing and $1 million payable six months following closing

•
15% royalty on net profits from Regent after RMC recovers its upfront cash payments to Pilot Gold and its development costs to take Regent to production

•
A Gold Bonus for any gold-equivalent ounces from Regent placed on the RMC leach pad in excess of 115,000 ounces based on:

Gold price/oz

Gold Bonus price/oz

$1,800 or more

$29.050

$1,700 to $1,800

$23.275

$1,600 to $1,700

$17.500

$1,500 to $1,600

$11.550

$1,400 to $1,500

$ 5.775

Less than $1,400

$ 0.000

The Regent property is located in Mineral County, Nevada, along the eastern margin of the prolific Walker Lane epithermal gold-silver belt. It includes 283 claims totaling 1,795 hectares (4,436 acres) and is an epithermal gold and silver system with oxide gold outcropping at surface, and extensive subsurface gold mineralization outlined in several areas by over 600 drill holes. Regent is 2.5 kilometers northwest of the RMC-operated Denton-Rawhide Mine. The Denton-Rawhide Mine began operations in 1990. Gold and silver production is ongoing, as RMC has expanded the heap leach pads and is currently expanding operations.

RMC plans to continue exploration and engineering studies at Regent in an effort to define a mineral resource that could be permitted, developed and processed at the adjacent Denton-Rawhide Mine. Pilot Gold may receive revenue through its profit participation – and potentially Gold Bonus payments – if Regent advances to production.

ABOUT RAWHIDE MINING LLC

Rawhide Mining LLC operates the historic Denton-Rawhide Mine, located 2.5 kilometres southeast of Regent. The mine began operations in 1990, producing 1.56 million ounces of gold and 11.5 million ounces of silver by traditional open pit-heap leach methods through 2010. Gold and silver production is ongoing as Rawhide Mining LLC has been expanding the heap leach pads and mining the historical open pit.


Gruß, Seinfeld

[seinfeld]

Antwort auf Beitrag Nr.: 43.979.182 von seinfeld am 03.01.13 19:41:50

Die ganze Nachricht war mir etwas zu umfangreich,
vor allen Dingen aufgrund immens vieler Zahlen,
aber auch der Auszug liest sich wieder ganz gut


Pilot Gold reports 14.9 g/t gold over 14.1 metres from 50-metre step-out hole at TV Tower

January 9, 2013

Strong results extend gold zone along the north, northwest
and south borders at KCD target in Western Turkey

VANCOUVER, B.C. – Pilot Gold Inc. (PLG - TSX) (“Pilot Gold” or the “Company”) is pleased to report that step-out core drilling along the north, south and northwest margins of the KCD target at TV Tower in western Turkey returned strong results and extend the zone of high-grade gold mineralization.

Drill highlights include:
•14.9 grams per tonne (g/t) gold (Au) over 14.1 metres in KCD-79, including
◦21.4 g/t Au over 8.6 metres;
•2.74 g/t Au over 35.1 metres in KCD-78, including
◦6.17 g/t Au over 12.7 metres;
•1.56 g/t Au over 18.0 metres and 1.17 g/t Au over 13.0 metres in KCD-76;
•5.42 g/t Au over 5.5 metres in KCD-74, including
◦24.2 g/t Au over 1.0 metre.

“Our geologic model is again proving to be predictive, as recent results from step-out drilling at KCD extend the gold-rich zone in multiple directions,” stated Matt Lennox-King, President and CEO, Pilot Gold.

Hole KCD-79 was drilled along the northern edge of the gold zone at the KCD target, and confirms the presence of high-grade gold approximately 50 metres east-northeast of an intercept in hole KCD-05 (1.99 g/t Au over 55 metres, including 5.15 g/t Au over 4.5 metres) and 120 metres north-northeast and down-dip of an intercept in KCD-50 (193 g/t Au over 12 metres).

Holes KCD-76 and KCD-78 were drilled up-dip and to the south of previously released holes KCD-63 (2.37 g/t Au over 33.7 metres) and KCD-49 (11.63 g/t Au over 32.5 metres), respectively, representing step-outs of approximately 25 metres. These results, in turn, suggest that mineralization extends to the surface another 25 to 50 metres up-dip to the south, where high-grade rock chip samples were obtained from outcrop in previous surface programs.

The intercept in KCD-74 is located 70-metres west-northwest and 70 metres north of previously reported intercepts, leaving significant room for expansion up-dip, down-dip and to the west and northwest in an area of little previous drilling.

The drill results form part of an aggressive first-year exploration program consisting of 16,000 metres of diamond core drilling, property-wide airborne magnetic/EM geophysics and ongoing surface mapping and geochemical sampling.

Approximately 11,558 metres in 58 holes at KCD have been completed, with assays pending for 21 holes. Drilling in the near-term will continue to focus on infill and step-out drilling in the KCD target area, followed by systematic testing of other high-priority targets in early 2013.


Gruß, Seinfeld

[seinfeld]

Antwort auf Beitrag Nr.: 43.941.038 von seinfeld am 18.12.12 18:50:42

Guter Start ins Neue Jahr, aktuell über 2,30 CAD ...

... Kursverdopplung seit Anfang September

Gruß, Seinfeld

[seinfeld]

Antwort auf Beitrag Nr.: 43.886.067 von seinfeld am 03.12.12 13:51:46

Step-out drilling at TV Tower returns 8.64 g/t gold over 10.5 metres, extends high-grade mineralization 50 metres southeast
December 18, 2012
New assay results expand area of gold mineralization at Pilot Gold’s KCD target


VANCOUVER, B.C. – Pilot Gold Inc. (PLG - TSX) (“Pilot Gold” or the “Company”) is pleased to report that new assay results from seven diamond drill holes at the Kucukdag (KCD) target show long runs of strong gold, silver and copper grades and further extend an area of shallow, high-grade gold mineralization at the TV Tower project in western Turkey.

Recent drill highlights include:
•2.79 g/t gold (Au), 10.1 g/t silver (Ag) and 0.67% copper (Cu) over 61.3 metres in KCD-65, including ◦8.64 g/t Au, 35.2 g/t Ag and 2.21% Cu over 10.5 metres;

•3.31 g/t Au, 6.9 g/t Ag and 0.70% Cu over 46.7 metres in KCD-56, including ◦10.02 g/t Au, 9.5 g/t Ag and 0.87% Cu over 8.5 metres;

•2.37 g/t Au, 8.3 g/t Ag and 0.35% Cu over 33.7 metres in KCD-63, including ◦4.81 g/t Au, 18.6 g/t Ag and 0.67% Cu over 6.9 metres


KCD-63 and KCD-65 extend gold mineralization 50 metres southeast of drill hole KCD-49, which was announced November 14, 2012 and returned 11.63 g/t gold over 32.5 metres. The central zone of gold mineralization now covers an area measuring 300 metres by 200 metres and contains previously announced high-grade drill holes including KCD-39 (5.94 g/t gold over 137.1 metres), KCD-50 (193 g/t gold over 12.0 metres¹), and KCD-46 (10.03 g/t gold over 15.2 metres). The gold zone is capped by a blanket-style, shallow silver zone. Testing of the silver zone over an area measuring approximately 300 metres by 500 metres shows the zone extends to the north and is wide open for expansion.

“Step-out holes KCD-65 and KCD-63 confirm that a substantial area of strong gold mineralization continues to grow and remains open down-dip to the north and along strike to the northwest and southeast,” said Moira Smith, Pilot Gold’s Chief Geologist. “We are encouraged that step-out drilling based on our geological model is predictive and successful and, in turn, the results have helped further refine our interpretation of key stratigraphic and structural controls.”


Gruß, Seinfeld

[seinfeld]

Antwort auf Beitrag Nr.: 43.864.895 von seinfeld am 27.11.12 10:11:21

Pilot Gold reports 193 g/t gold over 12.0 meters at TV Tower, Turkey

Third set of assay results confirm and expand continuity of high-grade target
December 3rd, 2012
12-26

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2012) - Pilot Gold Inc. (TSX:PLG) ("Pilot Gold" or the "Company") is very pleased to report that assay results from eight new diamond drill holes from the 2012 program at the TV Tower project in Turkey continue to return long intervals of gold, silver and copper mineralization with areas of exceptionally high grades.

Drill hole KCD-50 highlights the third consecutive set of strong assay results at the Kucukdag (KCD) target, returning 193 g/t gold, 9.8 g/t silver and 0.46% copper over 12.0 metres. Visible gold (see photo: http://media3.marketwire.com/docs/plg123_VG.jpg) was confirmed in several veins within this interval, which is located at a vertical depth of 100 metres from surface.

"Our recent results reinforce that our drilling program is targeted and effective, and will help us further refine our drilling strategy to highlight high-potential targets going forward," said Moira Smith, Pilot Gold's Chief Geologist. "The location of the intercept and the near-perpendicular orientation of the gold-bearing veins relative to the hole orientation suggest this intercept may reflect true width of the zone. The intervals form part of a newly recognized stratiform zone of mineralization that may have significant dimensions."

Assays from this 12.0 metre interval in KCD-50 were sampled at 1.5 meter intervals, and range from a high of 681 g/t Au to a low of 12.8 g/t Au. Four samples out of a total of eight samples returned >100 g/t Au. Results in this high-grade interval in KCD-50 include:




from (m)

To (m)

g/t*



117.5

119.0

47.9



119.0

120.5

12.8



120.5

122.0

338.0



122.0

123.5

236.0



123.5

125.0

73.0



125.0

126.5

681.0



126.5

128.0

17.2



128.0

129.5

140.0


Due to extremely high grades and the presence of visible gold, samples from this interval are undergoing metallic screen assay verification. Results will be released when received.

Hole KCD-50 was collared approximately 70 metres to the northwest of hole KCD-39, which returned 5.94 g/t gold, 12.6 g/t silver and 0.53% copper over 137.1 metres (released September 19th, 2012). KCD-50 is interpreted to lie within the same tabular stratiform zone that comprises the lower zone of mineralization in KCD-39.

The geologic model for the KCD zone has evolved from strictly breccia-hosted mineralization to a configuration involving high-grade stratiform mineralization, which increases the tonnage potential of KCD significantly. The stratiform mineralization is hosted in three or more gently dipping porous tuff and siltstone horizons, as seen in holes KCD-40 and KCD-47.

Additional recent drill highlights from the gold-silver-copper zone include:
•2.11 g/t gold, 7.4 g/t silver and 0.046% copper over 43.1 metres, and 2.69 g/t gold, 4.0 g/t silver, 0.39% copper over 22.5 metres in KCD-58
•1.11 g/t gold, 12.5 g/t silver, 0.318% copper over 23.9 metres in KCD-57

All true widths are 30-90% of reported widths unless otherwise stated. All intervals of no sampling have been assigned zero grade for the purposes of compositing. For a comprehensive table of previous drill results, including non-reportable intercepts, please click: http://media3.marketwire.com/docs/plg-DrillResults1226.pdf.

For a map highlighting recent drilling, please click: http://media3.marketwire.com/docs/plg-TV-Tower-DM_1226.pdf.

These results form part of an aggressive first-year exploration program consisting of 16,000 metres of diamond core drilling, property-wide airborne magnetic/EM geophysics and ongoing surface mapping and geochemical sampling. In excess of 9,000 metres of drilling will be focused on the KCD target to infill and expand the 300 metre by 500 metre mineralized footprint.

Approximately 8,400 metres in 45 holes at KCD have been completed, with assays pending for 24 holes. Drilling for the remainder of 2012 will continue to focus on infill and step-out drilling in the KCD target area, followed by systematic testing of other high-priority targets in early 2013.

About TV Tower:

Located on the Biga Peninsula of northwest Turkey, the TV Tower project encompasses 71 square kilometres. It contains a large number of targets ranging from high- and low-sulphidation epithermal gold-silver to porphyry gold-copper. The project has an extensive road network and targets to date all lie on land administered by Turkey's Ministry of Forestry. It is located immediately west of the Kirazli gold project (Alamos Gold) and approximately 10 kilometres northwest of the Halilaga copper-gold project (Teck/Pilot Gold).

First pass drilling in 2010 resulted in new discoveries at the KCD and Kayali epithermal gold systems. Ongoing exploration by Pilot Gold continues to uncover robust new targets, including the bonanza-grade Columbaz low sulphidation epithermal vein system that returned 39 g/t gold and 290 g/t silver in recent rock chip sampling.

TV Tower is a joint venture between Pilot Gold (40%) and Teck Madencilik Sanayi Ticaret A.S. ("TMST") (60%), a Turkish subsidiary of Teck Resources Limited ("Teck"). 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. (See press release dated September 12, 2012 for full details of the deal terms.)

TV Tower is an early stage exploration project and does not contain any mineral resource estimates as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects ("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 yielding a mineral resource.

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 NI 43-101 and has reviewed and validated that the information contained in the release is accurate. Drill composites were calculated using cut-offs of 0.30, 3.0 and 10.0 g/t Au. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals are interpreted to be between 30-100% 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 by ICP-ES, 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 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 TV Tower and Halilaga projects in Turkey, and the Kinsley Mountain project in Nevada, 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.

[seinfeld]

Nach den zuletzt guten Unternehmen-News zeigt jetzt auch der Chart ein positives Bild ...

... nach langer Zeit mal wieder über 2 CAD geschlossen

Gruß, Seinfeld

[seinfeld]

Antwort auf Beitrag Nr.: 43.697.604 von prallhans am 10.10.12 13:22:32

Pilot Gold reports 11.63 g/t gold over 32.5 metres at TV Tower, Turkey

November 14, 2012

12-25

Strong assay results expand high-grade KCD target
Pilot Gold Inc. (PLG - TSX) (“Pilot Gold” or the “Company”) is pleased to report that assay results from 11 new diamond drill holes from the 2012 program at the TV Tower project in Turkey expand previously reported long intervals of high grade gold, silver and copper mineralization.

Drill hole KCD-49 highlights the second set of strong assay results at the Kucukdag (KCD) target, returning 11.63 g/t gold over 32.5 metres. This intercept is collared approximately 50 metres to the southeast of hole KCD-39*, which was released earlier in 2012 and returned 5.94 grams per tonne gold, 12.6 g/t silver and 0.53% copper over 137.1 metres.

“Since becoming project operator, our team has done an excellent job of successfully targeting high-grade mineralization and revealing the exceptional grades and growth potential of this project,” stated Matt Lennox-King, President & CEO of Pilot Gold. “We are extremely encouraged by these recent results, which continue to expand the high-grade KCD target and reinforce TV Tower’s status as a superior exploration project.”

The KCD target is composed of a high-grade gold-silver-copper zone, marked by both breccia hosted and stratigraphically hosted mineralization, overlain by a thick silver-only zone starting at surface. It has a mineralization style similar to the high-sulphidation epithermal Au-Ag-Cu deposits of La Coipa (Chile) and Chelopech (Bulgaria).

Drill Highlights from the gold-silver-copper zone include:
•11.63 g/t gold, over 32.5 metres, including 21.67 g/t gold over 15.7 metres in KCD-49
•3.40 g/t gold over 87.0 metres, including 6.66 g/t gold over 9.5 metres in KCD-47
•10.03 g/t gold, 46.25 g/t silver, and 3.89% copper over 15.2 metres in KCD-46, including
- 17.51 g/t gold, 78.3 g/t silver and 6.76% copper over 8.5 metres
•1.13 g/t gold and 12.76 g/t silver over 13.5 metres and 5.06 g/t gold over 21.0 metres in KCD-40

*See September 19, 2012 press release.

All true widths are 30-90% of reported widths unless otherwise stated. All intervals of no sampling have been assigned zero grade for the purposes of compositing. For a comprehensive table of drill results from 2012, including new and non-reportable intercepts, please click: http://www.pilotgold.com/sites/default/files/TVTowerDrillRes…

For a map highlighting recent drilling, please click:
http://www.pilotgold.com/sites/default/files/TVTowerDrillMap…

The geologic model for the KCD zone has evolved from strictly breccia-hosted mineralization, to a configuration involving high-grade stratiform mineralization, which increases the tonnage potential of KCD significantly. The stratiform mineralization is hosted in three or more gently dipping porous tuff and siltstone horizons, as seen in holes KCD-40 and KCD-47. Gold is primarily associated with vuggy silica, alunite, dickite, pyrite and enargite as disseminations, veins and replacements of clasts.

These results form part of an aggressive first-year exploration program consisting of 16,000 metres of diamond core drilling, property-wide airborne magnetic/EM geophysics and ongoing surface mapping and geochemical sampling. In excess of nine thousand metres of drilling will be focused on the KCD target to infill and expand the 300 metre by 500 metre mineralized footprint.

As project operator, Pilot Gold has completed approximately 6,686 metres in 32 holes, with assays pending for 21 holes. Drilling for the remainder of 2012 will focus on infill and step-out drilling in the KCD target area, followed by systematic testing of other high-priority targets in early 2013.

Gruß, Seineld

[prallhans]

Ich kriege immer noch die Mails aus dem Fronteer Verteiler.
PEA für HalliGalli ist da:

Pilot Gold announces Preliminary Economic Assessment results for Halilaga copper-gold porphyry project
October 10, 2012

12-19

Project generates 26% IRR and $675 million pre-tax NPV

Pilot Gold (PLG - TSX) (“Pilot Gold” or the “Company”) is pleased to announce the completion of a Preliminary Economic Assessment (“PEA”) for the Halilaga copper-gold porphyry deposit in northwestern Turkey (“Halilaga” or the “Project”). Pilot Gold holds a 40% interest in Halilaga, with Teck Resources Limited’s Turkish subsidiary, Teck Madencilik Sanayi Ticaret A.S. (“TMST”) as its 60% joint venture partner and project operator. The PEA demonstrates the economic benefits from higher grades of copper and gold at surface and available infrastructure for mine development.

All dollar amounts in this release are stated in US currency. The disclosure set forth below is derived from the PEA unless otherwise expressly noted.

PEA HIGHLIGHTS:

Pre-tax NPV7% of $675 million, 26% IRR and 2.1 year payback ($1,200/oz gold, $2.90/lb copper);

After-tax NPV7% of $474 million, 20% IRR and 2.7 year payback ($1,200/oz gold, $2.90/lb copper);

Average life of mine (“LOM”) strip ratio of 1:1;

LOM payable production of 1.290 million ounces gold and 1.247 billion pounds copper;

Total project capital costs of $1.17 billion (including contingency of $200 million), with potential to reduce initial capital costs through contract mining or equipment leasing and project optimization through more advanced studies.

“The combination of higher grades that are mineable in the first three years, combined with Halilaga’s favourable infrastructure and location in a jurisdiction that is open to mine development, makes this a compelling development project,” stated Matt Lennox-King, President and CEO of Pilot Gold. “The PEA confirms our view that Halilaga has the potential to be a straightforward open pit mine, utilizing conventional milling and flotation concentration with robust economics. While TV Tower and Kinsley continue to be our focus projects, the robust economics of Halilaga will provide Pilot Gold and our partner with a number of strategic options in the future.”

In management’s view, the economics concluded by the PEA provide a strong incentive for continued resource conversion and expansion, as well as geotechnical, metallurgical and engineering studies. Pilot Gold believes there are excellent opportunities to refine various project elements and improve the economics through gold recovery optimization, possible use of contract mining, and potential tax incentives available in Turkey.

The PEA, prepared by SRK Consulting (Canada) Inc. (“SRK”) is based on a mineral resource estimate first presented in the March 23, 2012 Technical Report titled “Resource Estimate for the Halilaga Copper-Gold Property NI 43-101 Technical Report” and authored by Garth Kirkham, P. Geo. Of Kirkham Geosystems Ltd., and James Gray, P. Geo. of Advantage Geoservices Ltd. The resource therein outlined an Indicated Mineral Resource of 168 million tonnes grading 0.31 g/t gold (1.665 million gold ounces) and 0.30% copper (1.112 billion pounds of copper), and an Inferred Mineral Resource of 198 million tonnes grading 0.26 g/t gold (1.661 million gold ounces) and 0.23% copper (1.007 billion pounds copper), using a 0.2% copper equivalent cut-off.

All mineralized material classified as Indicated (56%) and Inferred (44%) Mineral Resources was considered in the optimization and mine plan. The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be characterized as mineral reserves, and there is no certainty that the PEA will be realized.

Under the base case (Case A: $1,200/oz gold price and $2.90/lb copper price), the Project’s pre-tax discounted net present value (NPV7%) is US$675 million with a pre-tax internal rate of return (“IRR”) of 26% on an unleveraged 100% equity basis, and a pay-back period of only 2.1 years. The after-tax NPV7% is $474 million, with a 20% IRR and a 2.7 year payback. (See table below).

Parameter


Unit


Pre-Tax Results


After-Tax Results

Case A Base Case ($1,200/oz Au; $2.90/lb Cu)

NPV0%


M$


1,418


1,115

NPV7%


M$


675


474

IRR


%


26


20

Payback Period


Years


2.1


2.7

Case B ($1,350/oz Au; $3.30/lb Cu) LME fixed 3 year average price

NPV0%


M$


2,099


1,660

NPV7%


M$


1,081


799

IRR


%


35


27

Payback Period


Years


1.5


2.1

Case C ($1,500/oz Au; $3.70/lb Cu) LME fixed 2 year average price

NPV0%


M$


2,779


2,204

NPV7%


M$


1,487


1,124

IRR


%


43


34

Payback Period


Years


1.2


1.6

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

(including mining pre-strip, equipment, mill and processing, infrastructure & site costs, tailings and waste facilities, buildings, owners’ costs, and miscellaneous indirect costs, contingency of $200.4 million, sustaining capital of $51.6 million and closure costs of $75 million)

Note: This PEA is preliminary in nature as it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves at this time, and as such there is no certainty that the preliminary assessment and economics set forth in the PEA will be realized. The authors of this Technical Report believe the Project should be taken to the next level of engineering study and economic assessment, typically a Pre-Feasibility Study. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

PROJECT DESCRIPTION

The Halilaga property is located in northwestern Turkey in a regional industrialized zone that includes large open pit coal mines, a major power plant, ceramics factories, and deep water ports. The Halilaga site has road access and electrical grid power. Labour, supply centers and industrial service providers are available in the region.

PROJECT DEVELOPMENT PLAN

The proposed project concept is to develop a green-fields copper-gold deposit with open pit mining and conventional milling and flotation concentration methods. The production rate was assumed to be 50,000 tonnes per day with about 243 million tonnes of mineralized material mined and processed during the project life. The overall strip ratio (the ratio of waste rock to economic mineralized rock) of the mine is approximately 1:1. It is assumed that the copper-gold concentrate would be shipped to an existing smelter in Asia, Europe or North America.

The PEA forecasts a mine life of 14 years, during which time 243.3 million tonnes of ore could be mined and processed with 234.0 million tonnes of waste. Throughout the life-of-mine, an estimated 1,290,000 ounces gold would be produced at an average grade of 0.30 g/t gold. Better than average grades and more than 125,000 ounces of gold per year would be payable in years one through three, with peak production of 135,000 ounces of gold in year three. For copper, more than 159 million pounds would be payable in years one through three with peak production of 240 million pounds payable in year one.

METALLURGY AND PROCESSING

The metallurgical testing results used in the PEA were conducted in 2007 and 2011 by G & T Metallurgical Services Ltd. of Kamloops, B.C. Canada. The results show that the mineralized material is of moderate competency and hardness and is amenable to grinding in a conventional SAG mill / ball mill circuit. Flotation testing indicated that 85.6% of the copper and 60.8% of the gold are recovered to the final concentrate, which results in a concentrate grade of 30% copper and 21 g/t gold.

OPPORTUNITIES TO ENHANCE VALUE

Several opportunities exist to increase overall value of the project while simultaneously reducing total costs. These include:

Use of contract mining or equipment leasing;

Utilize Turkish Government tax incentives; and

Additional metallurgical tests to determine the potential to recover gold from flotation tails.

PREPARATION OF PEA

The PEA has been prepared by SRK with input from Ausenco Solutions Canada Inc., Kirkham Geosystems Ltd., and Advantage Geoservices Ltd.

An updated National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) Technical Report, titled “Preliminary Economic Assessment Technical Report for the Halilaga Project, Turkey” (the “Technical Report”), has been filed on SEDAR and is available at Pilot Gold’s website (www.pilotgold.com).

Qualified Persons

The Technical Report was prepared by the following Qualified Persons (“QP”), as such term is defined in NI 43-101, each of whom is independent of Pilot Gold and have read and confirmed that this news release fairly and accurately reflects the contents of the PEA report:

Gord Doerksen, P.Eng

James Gray, P.Geo

Garth Kirkham, P.Geo

Dino Pilotto, P.Eng

Maritz Rykaart, P.Eng

Kevin Scott, P.Eng

Jim Lincoln, P. Geo., Pilot Gold Vice President, Operations, is the Company's designated QP for this news release within the meaning of NI 43-101 and has reviewed and validated that the information contained in the release is consistent with that provided by the QPs responsible for the PEA.

UPDATE ON ENVINRONMENTAL IMPACT ASSESSMENT

In December 2011 Truva Bakir submitted an Environmental Impact Assessment (“EIA”) report to the Turkish Ministry of Environment and Urban Planning (the “Ministry”) in connection with an application to advance the principal licenses that comprise Halilaga. The license and EIA contemplate a small-scale copper-gold test mining scenario as part of an ongoing effort to advance understanding of Halilağa. On March 20, 2012 TMST notified Pilot Gold that the EIA had been accepted by the Ministry of Forest and Environment in Turkey. An approval letter was received from the undersecretary of the Turkish Minister of Environment further to the review by the Turkish Mining Bureau committee of the EIA. Truva Bakir has concurrently applied for, and awaits approval of a business operating permit relating to the Project.

In August 2012, Truva Bakir was informed that the Ministry had been served a legal petition by certain claimants in Turkey to annul the Ministry’s approval of the EIA report. The petition filed with the Canakkale Administrative Court (the “Court”) names the Ministry as the respondent and does not name Truva Bakir or its shareholders. The petition also requests suspension of any activities contemplated in the EIA by way of an interim decision to be granted by the Court. Truva Bakir has been advised that the Ministry is expected to respond to the petition in the 4th quarter of 2012.

Pilot Gold believes the petition is without merit, and even if successful and the EIA is annulled, the ability to continue the planned 2012 exploration program at Halilaga will be unaffected. Should the EIA be annulled, Truva Bakir would revisit the EIA process and resubmit an updated EIA to address identified issues. Truva Bakir has also been advised that the petition does not challenge or impact the underlying tenure on the licenses that comprise Halilaga. In the event that a different or larger project is contemplated it would then require a separate EIA and be subject to public disclosure.

ABOUT PILOT GOLD

Pilot Gold is a 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 the TV Tower and Kinsley gold projects and a 40% interest in the Halilaga copper-gold porphyry project, each of which alone has the ability to drive the Company forward. For more information, visit www.pilotgold.com or contact:

Matt Lennox-King, President& CEO
Patrick Reid, VP Corporate Affairs
Phone [phone] or Toll Free 1-877-632-4677
[e-mail]

For further details on Halilaga, please view the NI 43-101 technical report entitled Technical Report, entitled “Preliminary Economic Assessment Technical Report for the Halilaga Project, Turkey”, dated August 27, 2012, prepared by Gordon Doerksen, P. Eng of JDS Energy and Mining Inc., Dino Pilotto, P.Eng and Maritz Rykaart, P.Eng of SRK Consulting (Canada) Inc., Kevin Scott, P.Eng of Ausenco Solutions Canada Inc., Garth Kirkham, P.Geo. of Kirkham Geosystems Ltd., and James Gray, P.Geo. of Advantage Geoservices Ltd. (collectively, the “authors”) filed under Pilot Gold’s Issuer Profile on SEDAR (www.sedar.com) and available at Pilot Gold’s website (www.pilotgold.com). The authors are independent of Pilot Gold and are “Qualified Persons” as defined by NI 43-101.

The mineral resource estimates referenced in this press release use the terms "Indicated Mineral Resources" and "Inferred Mineral Resources." While these terms are defined in and required by Canadian regulations (under NI 43-101), these terms are not recognized by the U.S. Securities and Exchange Commission ("SEC"). "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. Pilot Gold is not an SEC registered company.

The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be characterized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. These mineral resource estimates include inferred mineral resources that are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied.

Except for the statements of historical fact contained herein, certain information presented constitutes "forward-looking information" concerning the business, operations and financial performance and condition of Pilot Gold Inc. (“Pilot Gold’) within the meaning of applicable Canadian securities laws, 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. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Pilot Gold to differ materially from those anticipated in such forward-looking information. Such forward-looking information, including, but not limited to statements that address future mineral production, reserve potential, exploration drilling, potential quantity and/or grade of minerals, potential size of a mineralized zone, potential expansion of mineralization, the timing and results of future resource estimates, proposed exploration and development of our exploration properties, potential quantity and/or grade of minerals, potential type(s) of mining operation and the estimation of mineral reserves and resources as well as to Pilot Gold’s ability to fund cash-calls made by Teck Madencilik Sanayi Ticaret A.Ş. (“TMST”) for ongoing expenditure on the Halilaga property, amount or timing of proposed production figures; estimated future working capital, uses of funds, anticipated future capital expenditures, exploration expenditures and other expenses for specific operations; information with respect to exploration results, the timing and success of exploration activities generally; the costs and timing of the development of new deposits; the timing and possible outcome of any pending litigation, permitting timelines, the ability to maintain or convert the underlying licenses that comprise TV Tower and Halilaga in accordance with the requirements of the Turkish Mining Law, government regulation of exploration and mining operations, and the results of any future development programs involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Pilot Gold to be materially different from any future results, performance or achievements expressed or implied by such forward looking information. Such factors include, among others, risks related to the interpretation and actual results of exploration at the Halilaga property, reliance on technical information provided by TMST at the Halilaga property; changes in project parameters as plans continue to be refined; inability to upgrade inferred mineral resources to indicated or measured mineral resources; inability to convert mineral resources to mineral reserves; current economic conditions; the future prices of gold, silver and copper, fluctuations in currency exchange rates; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, permits or licenses; environmental risks, including satisfaction of Turkish requirements relating to the periodic submissions of Environmental Impact Assessments and challenges thereon; title disputes or claims against the project, the operator or Pilot Gold, limitations on insurance coverage, financing or the Company’s ability to complete exploration on Halilaga, TV Tower, Kinsley and the rest of the portfolio projects, as well as those factors discussed in the section entitled "Risk Factors" in Pilot Gold’s Annual Information Form for the year ended December 31, 2011 dated March 28, 2012, which is available 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. Accordingly, readers should not place undue reliance on forward-looking information.

[seinfeld]

Antwort auf Beitrag Nr.: 43.693.288 von prallhans am 09.10.12 13:18:25

Hier die neuesten vielversprechenden Zahlen aus Nevada ...


Pilot Gold reports 4.6 metres of 9.5 g/t oxide gold at Kinsley Mountain, Nevada October 9, 2012 12-18

Pilot Gold (PLG – TSX) (the “Company”) is pleased to report the results of the six remaining holes in its 2012 drilling program at the Kinsley Mountain Project in Nevada. These holes were focused on the western side of Kinsley Mountain and targeted a recently-discovered north-south-trending zone of gold mineralization located more than 600 metres from the historic workings.

“We believe that these results continue to validate the ‘Long Canyon’ model developed by our technical team that predicted the presence of north- to northeast-trending mineralized zones extending from the historic, northwest-trending series of open pits,” stated Matt Lennox-King, President and CEO. “We intend to follow up on these higher-grade structures with a regional exploration strategy to drill test evidence of mineralization.”

NEW DRILL RESULTS
Western Flank of Kinsley Range: This growing zone, located approximately 600 metres northwest of the nearest historic pit, measures at least 600 metres long by 100 metres wide, and is characterized by two stacked lenses of mineralization that remain open in all directions. New RC drilling up to 150 metres north of hole PK061 (6.03 g/t gold over 13.7 metres) returned:

9.50 g/t gold over 4.6 metres in hole PK067
o including 20.5 g/t gold over 1.5 metres
2.48 g/t gold over 6.1 metres in hole PK066
All true widths are believed to represent 30-100% of reported widths unless otherwise stated. All intervals of no sampling have been assigned zero grade for the purposes of compositing. For a comprehensive table of drill results to date, including new and non-reportable intercepts, please click: http://www.pilotgold.com/sites/default/files/KinsleyDrillRes…

For a map highlighting 2012 drilling, please click: http://www.pilotgold.com/sites/default/files/KinsleyDrillMap…

2012 PROGRAM HIGHLIGHTS
Over the course of the 2012 program, 12,000 metres of infill and step-out core & RC drilling were completed to define and expand the mineralized zones identified by previous operators. In conjunction with drilling, a comprehensive regional effort to identify new targets was completed, encompassing both the original 141 claims, as well as 128 claims staked by Pilot Gold to the north in a largely unexplored area. Through this work, a new mineralized zone was intersected in drilling (Candland Canyon) and the Western Flank Zone has been expanded to now cover an area 600 metres by 100 metres. Previously-released drill highlights from the 2012 program include:

6.03 g/t gold over 13.7 metres in hole PK061
o including 15.18 g/t gold over 4.6 metres
5.48 g/t gold over 20.4 metres in hole PK014C
o including 16.43 g/t gold over 5.5 metres
2.30 g/t gold over 19.8 metres in hole PK057
A three-dimensional model of geology and mineralization was created in order to aid in the selection of new, high-grade drill targets. Surface soil and rock samples show anomalous pathfinder geochemistry extending seven kilometres to the north of the historic open pits, consistent with the presence of a large mineralized system. A Plan of Operations was submitted to the U.S. Bureau of Land Management to allow for property-wide drilling in 2013 throughout the southern claim block.

NEW CLAIMS
On September 1st, 2012, Pilot Gold staked 41 unpatented lode mining claims on BLM administered land over highly prospective land held prior to that date by another company. The claims were filed with the BLM and Elko County, Nevada in the first week of October. 36 of the claims are located between two previously separate claim blocks at Kinsley, creating a contiguous property and consolidating access to the main mineralized trends to the North. The additional ground brings the total to 332 claims. Mapping, rock and soil sampling are all underway on the newly added ground.

For a map of the property showing the newly staked claims, please click here:
http://www.pilotgold.com/sites/default/files/KinsleyProperty…

The Kinsley Mountain project is a 51%/49% joint venture with a subsidiary of Nevada Sunrise Gold Corporation (“NEV”). To earn a further 14% interest in the project, Pilot Gold must spend $3 million in exploration. To date, the Company has incurred approximately $2.6 million in expenditures toward the second earn-in, and anticipates earning a 65% interest at Kinsley in early 2013. NEV will be responsible to fund its share of expenditures from that point forward.

Moira Smith, P. Geo., Pilot Gold Chief Geologist, 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 accurate. Drill composites were calculated using a cut-off of 0.30 g/t. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals are interpreted to be between 30-100% 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. 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. Selected holes are also analyzed for a 51 multi-element geochemical suite by ICP-MS. Data citing ounces mined from historical production is attributed to www.metalseconomics.com

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. Further information is available in the technical report entitled: “Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A.”, dated March 26, 2012, and prepared by Michael M. Gustin, CPA and Senior Geologist for Mine Development Associates, Inc., available under Pilot Gold’s issuer profile on SEDAR at www.sedar.com.


Gruss, Seinfeld (z.Zt. in Daenemark, daher nur kurz die News)