Pilot Gold Inc. (TSX:PLG) announced that new drilling at the high-grade discovery located at Kinsley Mountain’s Western Flank target has intersected further high-grade mineralization.
Matt Lennox-King, president and CEO of Pilot, said the news “markedly” increases the scale of potential at Kinsley Mountain.
As quoted in the press release:
Highlights from the 2014 drill program’s first two holes include:
- 6.85 g/t Au over 41.7 metres in PK127C, including
- 16.3 g/t Au over 8.5 metres (oxide), and
- 20.5 g/t Au over 3.6 metres (oxide)
- 1.70 g/t Au over 13.7 metres in PK126C, including
- 7.10 g/t Au over 1.5 metres
These assay results better define the size and shape of the high grade zone at the Western Flank target. Intercepts in both holes are located at the approximate elevation of PK91CA, suggesting that the high-grade zone is nearly flat lying in an east-west orientation. The bottom portion of the PK127C intercept is in highly oxidized rock that returned strong gold recoveries in cyanide soluble assays. The high grade zone is located in a previously unrecognized stratigraphic horizon below the limit of prior drilling. Assay results from four additional holes, drilled 25-50 metres to the north and south of PK91CA and PK127C, are pending.