VANCOUVER, B.C. - Pilot Gold Inc. (PLG - TSX) ('Pilot Gold' or the 'Company') reports that the Company has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects ('NI 43-101') technical report entitled 'Technical Report on the Goldstrike Project, Washington County, Utah, U.S.A.', with an effective date of April 1, 2016 (the 'Report'), dated October 7, 2016, on SEDAR at www.sedar.com. The Report has also been posted on the Company's website.
The Report was prepared by Michael M. Gustin, C.P.G. of Mine Development Associates of Reno, Nevada and by Moira T. Smith, Ph.D., P.Geo., Vice President, Exploration and Geosciences, Pilot Gold. Mr. Gustin and Dr. Smith are 'Qualified Persons' as defined by NI 43-101.
Goldstrike is located in the eastern Great Basin, immediately adjacent to the Utah/Nevada border, and is a Carlin-style gold system, similar in many ways to the prolific deposits located along Nevada's Carlin trend. Goldstrike represents part of a growing number of Carlin-type systems located off the main Carlin and Cortez trends in largely underexplored parts of the Great Basin.
Goldstrike is an early-stage exploration project and does not contain any mineral resource estimates as defined by NI 43-101. There has been insufficient exploration to define a mineral resource at Goldstrike and it is uncertain if further exploration will result in targets thereat will be delineated as a mineral resource.
Pilot Gold also announces the resignation of Alex Holmes as Vice President, Business Development. Pilot Gold's Board of Directors thanks Mr. Holmes for his contributions during his tenure and wishes him the best in his future endeavours.
ABOUT PILOT GOLD
Pilot Gold is led by a proven technical and capital markets team that continues to discover and define high-quality assets. Our core projects are Goldstrike in Utah, Mineral Gulch in Idaho and Kinsley Mountain in Nevada. The Company also holds important interests in two Turkish assets, Halilaga and TV Tower, and has a pipeline of Western US projects characterized by large land positions and district-wide potential that can meet our growth needs for years to come.
For more information, visit www.pilotgold.com or contact:
Evelyn Cox, Director Corporate Communications
Phone: 604-632-4677 or Toll Free 1-877-632-4677
[email protected]