Mar 13 2014
Pilot Gold Inc. is pleased to announce that step-out drilling at Kinsley Mountain's Western Flank target has intersected high grade gold mineralization, including 18.3 grams per tonne gold ("g/t Au") over 22.9 metres in PK131C.
Drilling 500 metres south at the Right Spot target returned a near surface, oxide gold interval of 3.57 g/t Au over 11.5 metres in PK130C.
Western Flank Results:
Holes PK131C and PK132C are step-outs located approximately 25 metres north and 100 metres northwest, respectively, of PK91CA, which returned 8.53 g/t gold over 36.6 metres (see press release dated November 18th, 2013).
Highlights include:
- 10.5 g/t Au over 42.7 metres in PK131C, including
- 18.3 g/t Au over 22.9 metres;
- 7.53 g/t Au over 53.3 metres in PK132C, including
- 14.9 g/t Au over 22.9 metres, and
- 4.67 g/t Au over 7.6 metres
"We are thrilled to report these new results, with PK131C the best hole ever drilled at Kinsley," stated Matt Lennox-King, President and CEO. "They underscore our long-held belief that the Kinsley project can host significant high-grade mineralization. What is most exciting is the fact that the high grade zone at the Western Flank remains completely open."
Drill holes PK132C, 131C, 91CA and 127C (6.85 g/t Au over 41.7 metres; see press release dated February 28, 2014) are aligned along a NW-SE fence over a length of 150 metres. The strong results along this trend suggest that the mineralization may be, in part, an extension of the 2.2 kilometre long NW-SE "Kinsley Trend" structural zone, along which the historic pits are aligned. Consequently, in addition to ongoing testing the NNE-SSW "Western Flank" structure, drill holes will also be planned along the corridor between the Western Flank target and the historic Upper Pit, located 550 metres to the southeast. Shallow historic drilling in the pits stopped short of testing the stratigraphic horizon hosting high-grade mineralization in the Western Flank target, and thus the potential for mineralization below the limits of the pits may be extensive.
Right Spot Results:
Gold is hosted at the Western Flank in multiple stratigraphic units. The upper stratigraphic units (Big Horse Limestone and Candland Shale, the main ore hosts in the historic mine) rise to the surface 500 metres to the south at the Right Spot target. Highlights from the Right Spot target include:
- 3.57 g/t Au over 11.5 metres in PK130C, including
- 5.87 g/t Au over 3.1 metres (oxide), and
- 0.89 g/t Au over 6.1 metres and 0.58 g/t Au over 15.5 metres in PK129C
Lower stratigraphic units hosting high-grade gold in the Western Flank target, including the Secret Canyon Shale, appear to surface an additional 500 metres to the south of the Right Spot target, extending the potential for mineralization over a 1.5 kilometre trend.
Mapping and rock sampling at the Right Spot identified a 250-metre north-northeast zone of surface jasperoids returning 1-5 g/t gold in grab samples. Hole PK130C was located 17 metres northeast of a 15-metre-long road cut channel sample averaging 2.0 g/t Au. Gold mineralization starts at 5.2 metres down-hole, and consists entirely of oxidized and silicified (jasperoidized) rocks. Based on surface mapping and down-hole structural data, the intercept may be approximately 90% of true thickness.
Shallow mineralization encountered in PK129C is hosted in a limestone unit within the Lamb Dolomite below the Candland Shale and confirms the presence of another potential host unit not previously recognized. The Secret Canyon shale unit, host to high grade gold in PK131C, has not been tested to date at the Right Spot target.