30,000-Metre Drill Program At TV Tower Property

VANCOUVER - Pilot Gold Inc. reported that the 2013 drilling campaign at the TV Tower property in northwestern Turkey has commenced. A total of 30,000 metres of drilling property-wide is planned for 2013, including 15,000 metres on the KCD target and 7,500 metres each on the Kayali and Columbaz targets.

Currently, three diamond core drills are in operation. One additional reverse circulation (RC) drill may be activated later in the season.

"We were very pleased with the 2012 results at KCD and look forward to further testing and defining the gold and silver zones at this target in 2013," said Moira Smith, Chief Geologist, Pilot Gold. "We have performed extensive geophysics, mapping, and geochemical sampling work property-wide and have defined solid, drill-ready targets at Kayali and Columbaz, with additional areas in the target-definition stage."

TV Tower drilling in 2012 and early 2013 focused entirely on testing the high-grade KCD target in the northeastern part of the property. Drilling confirmed the presence of a 250 by 400 metre gold zone, which remains open down-dip to the north, and established the presence of a large, 400 by 600 metre stratabound silver zone that overlies the gold zone and is open to the west and northwest.

The 2013 drill program includes down-dip holes on the gold zone within the footprint of previously drilled mineralization, and aggressive step-out drilling to the north and west of the drilled footprint, primarily on the silver zone. A permit application has been submitted to allow for drill access to areas up to 1.5 kilometres west of the presently defined KCD target, with plans for intensive drilling over an area extending up to 500 metres to the west.

In addition, a staged metallurgical testing program is being implemented at KCD. The program is designed to characterize the metallurgical response of the variable mineralization types at the KCD target, including gold, silver and copper oxide, transitional and sulphide material. Database validation, check assaying, 3D geological modeling and other activities pursuant to resource estimation are also underway.