In the last five months Pilot Gold (TSX: PLG) has found five new gold zones at its Goldstrike project in southwestern Utah near the state’s border with Nevada.
Goldstrike – a Carlin-style gold system similar in many ways to the prolific deposits along Nevada’s Carlin trend – churned out 209,000 ounces of gold from 12 shallow pits between 1988 and 1994 at a grade of 1.2 g/t gold and Pilot Gold has big plans for the project.
The junior drilled 191 holes last year, including 10 large diameter core holes for metallurgy, with another six holes completed so far this year. It expects to have results from early metallurgical work within four to six weeks and to wrap up a resource estimate by the middle of 2017.
“We’d like to see a resource that could produce a minimum of 100,000 oz. of gold a year for a minimum 10-year mine life,” says Cal Everett, Pilot Gold’s president and CEO, who joined the company in February 2016.
Read the entire story at The Northern Miner.