Ongoing Drilling At Halilaga Property
VANCOUVER - Pilot Gold Inc. reported that ongoing core drilling at the Halilaga copper-gold porphyry project in northwest Turkey (Halilaga) continues to intersect significant copper-gold mineralization, including 0.27 grams per tonne gold and 0.34% copper over 306.7 metres, extending mineralization approximately 100 metres to the north. Hole HD-82D, drilled 750 metres to the east of HD-80, intersected gold and copper grades in an area that has had minimal drilling to date.
The latest drill results are from the Phase 1, four-rig, 10,000 metre exploration/delineation drill program focused on the Central Zone of the Kestane target, as well as prominent magnetic anomalies on the remainder of the property. Approximately 11,000 metres have been completed as part of this program and will form the basis of ongoing exploration and development work at Halilaga.
Pilot Gold and its 60% joint venture partner, Teck Madencilik Sanayi Ticaret A.S., recently approved an additional 10,000 metres of drilling for the second half of 2011, which will be carried out in conjunction with ongoing metallurgical and hydrological testing. This program will be focused on infill drilling the Kestane Zone ahead of a Q4-2011 project resource estimate, compliant with National Instrument 43-101 Standards of Disclosure for Mineral projects of the Canadian Securities Administrators (NI 43-101). This will be the first resource at Halilaga. Additional drill tests will be conducted on high priority exploration targets outside the main Kestane zone. The company's address is Suite 1650, 1055 West Hastings, Vancouver, BC V6E 2E9, 604.632.4677, fax: 604.632.4678, email: [email protected].