Pilot Gold (PLG.TO) has announced it has re-started drilling at the Mt Kinsley project in Nevada, where the company currently is completing a 25,600 meter drill program which will now mainly focus on completing some holes in a step out drill program designed to see how far the high-grade mineralization extends. We feel this year’s drill program will prove to be very important for Pilot Gold and its joint venture partner Nevada Sunrise (NEV.V), which saw its share price more than double since our first blog post in July 2013.
Previous drill intercepts were quite exciting as the winter drill program intercepted 41.7 meters at 6.85g/t and 53.3 meters at 7.53g/t. Should the summer drill program continue to prove up interesting intercepts, there’s no doubt Pilot Gold would be interested in acquiring the remaining 20.9% ownership in the project it doesn’t own yet.
> Click here to read the press release
Disclosure: The author holds no position in Pilot Gold or Nevada Sunrise. Please see our disclaimer for current positions.
