7,500 Meter Drilling Program On Kayali Target At TV Tower Project

VANCOUVER - Pilot Gold has commenced a 7,500-metre drilling program on the Kayali target at the TV Tower project in northwestern Turkey. More than 925 meters have been drilled so far with assays pending. Kayali is the second high-priority target to be drill-tested at TV Tower in 2013, and expands the projects exploration program to include a bulk-tonnage, oxide gold system.

Initial drilling in 2010 revealed near-surface gold mineralization with oxidation to between 150 to 200 meters depth at Kayali. Drill highlights from the 2010-2011 program included: 0.87 g/t gold (Au) over 114.5 metres starting from 4.5 metres depth at KYD-01; including 0.78 g/t Au over 88.6 metres starting from 0.4 metres depth at KYD-02.

Our team has had great success defining deposits similar to Kayali in the Biga peninsula, namely Agi Dagi and Kirazli1. We are looking forward to demonstrating the potential of this target as we ramp up the 2013 drilling program, said Moira Smith, Chief Geologist, Pilot Gold.

The exploration model has been significantly refined by Pilot relogging core from the first round of drilling at Kayali. Gold mineralization is hosted within a tabular vuggy silica body, with elevated grades associated with more permeable stratigraphic horizons (ledges) and steep fault zones (ribs). At Kayali, the silica ledge is contained within a sequence of volcaniclastic rocks that is also highly oxidized. The drilling program will infill areas along a well-defined (by surface mapping and sampling) but sparsely drilled rib along the southern margin of the silica cap, and will test for parallel ribs within the main silica ledge to the north. Drill-hole orientations are now designed to intersect the interpreted structural fabric that controls higher-grade mineralization at high angles to core.

Past drilling encountered a blanket of supergene copper mineralization immediately beneath the silica cap in a number of holes; including 0.66% copper over 56 metres in KYD-03. This zone of copper mineralization will also be targeted in the 2013 program. The total area to be tested in this phase of drilling is 400 metres long in an east-west direction and 300 metres north south.