Drill Campaign Begins At Kinsley Mountain

VANCOUVER, BC - Pilot Gold Inc. has begun a 20,000-meter drill campaign at Kinsley Mountain, Nevada, following on an effective 2012 drilling and exploration campaign that defined and expanded gold mineralization over a 2.2 kilometer-long trend.

We are very excited to launch our next exploration program at Kinsley, and begin building on the success achieved in 2012, stated Matt Lennox-King, President and CEO.  The 2012 program was pivotal as it provided proof-of-concept that application of the model our team developed and used at Long Canyon1 is effective at Kinsley in targeting specific mineralized stratigraphic units and structures. Since then, we have significantly added to our land package and identified new target areas with rock chip samples of up to 3.3 g/t gold, more than one kilometer from the historic pits. The exploration program is designed to extend and further define Kinsley’s high-grade and bulk-tonnage mineralization with an aggressive 20,000 metres of core and RC drilling as well as additional geophysical, engineering, metallurgical surveys, and district wide exploration. Kinsley Mountain exhibits near-surface mineralization similar to other Carlin-style, sediment hosted gold systems. Gold mineralization is largely oxidized, and hosted in strata form zones within Cambrian-Ordovician shelf carbonates, collapse breccias, and specific high and low angle structures.  Pilot Gold has also drilled high grade sulfide mineralization. In certain locations, such as the West Flank target, the Company has drilled through this sulphide material and back into fully oxidized mineralization.In 2012, Pilot Gold completed a successful 12,000-meter infill and step-out drill program that defined and expanded upon the mineralized zones identified by previous operators. In conjunction with drilling, a comprehensive regional exploration effort generated new targets up to seven kilometers to the north of the historic open pits. A new mineralized zone was intersected in drilling (Candland Canyon) and the Western Flank Zone has been expanded to cover an area 600 metres by 100 metres. A three-dimensional model of geology and mineralization was created in order to aid in the selection of new, high-grade drill targets by extrapolating controls outward from the pits.