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Update: Pilot Gold Delivers Again And Intersects A Broad Layer Of Mineralization In Turkey

Pilot Gold (PLGTF) has announced some more drill results from its ongoing exploration program at the TV Tower copper-gold project in Turkey. The company released results from a new, third (!) copper-gold discovery called Columbaz. After discovering this zone in October of last year, Pilot Gold scheduled another three holes to be drilled to confirm a mineralized surface area of 200-by-300 meters (60,000 square meters).

All three holes have hit mineralization with some stunning results. One of the holes hit mineralization over a length of almost 500 meters at 0.59 g/t gold equivalent. This might seem like a low grade, but there are two reasons which make this intercept quite attractive. First of all, the mineralization seemed to have started on surface, which means this mineralized zone could definitely be subject to open-pit mining, and depending on the size, it could definitely benefit from economies of scale. Secondly, in the… Read More …