Mar 3 2014
Pilot Gold Inc. ("Pilot Gold" or the "Company") has filed a National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") technical report entitled "Independent Technical Report for the TV Tower Exploration Property, Canakkale, Western Turkey" (the "Report"), effective January 21, 2014 and dated February 20, 2014, on SEDAR at https://www.sedar.com/homepage_en.htm.
The Report relates principally to the independent resource estimate for the Kucukdag ("KCD") gold-silver-copper deposit at TV Tower in northwestern Turkey, announced on January 23, 2014. KCD is the first of several targets on the 91 km2 TV Tower property slated for intensive drilling, exploration and resource estimation.
The Report also covers exploration results from the 2013 program at TV Tower, including acquisition, exploration and drilling at the Karaayi and Kayali targets ("K2"). Karaayi and Kayali host a four kilometre-long zone of silicified volcaniclastic rocks hosting oxide gold, underlain by a blanket of supergene copper mineralization and what appears to be two or more areas of copper-gold porphyry alteration.
There are no material differences between the results announced in the January 23, 2014 news release and results contained in the Report. The Report has also been posted on the Company's website at https://libertygold.ca/.
The Report was 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. Mr. Hetman, Mr. Gray and Mr. Simmons are independent of Pilot Gold and are "Qualified Persons" as defined by NI 43-101. 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 approved the scientific and technical information contained herein.
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.
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 of TV Tower is conceptual in nature and there has been insufficient exploration to define a mineral resource thereat. It is uncertain if further exploration at K2 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 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.