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Pilot Gold Inc
Symbol PLG
Shares Issued 125,832,844
Close 2016-10-07 C$ 0.69
Market Cap C$ 86,824,662
Recent Sedar Documents

Pilot files NI 43-101 Goldstrike report; Holmes resigns

2016-10-07 19:20 ET - News Release

An anonymous director reports

PILOT GOLD - FILING OF TECHNICAL REPORT FOR GOLDSTRIKE OXIDE GOLD PROJECT - UTAH

Pilot Gold Inc. has filed a National Instrument 43-101 (standards of disclosure for mineral projects) technical report entitled "Technical report on the Goldstrike project, Washington county, Utah, USA," with an effective date of April 1, 2016, dated Oct. 7, 2016, on SEDAR. The report has also been posted on the company's website.

The report was prepared by Michael M. Gustin, CPG, of Mine Development Associates of Reno, Nev., and by Dr. Moira T. Smith, PhD, PGeo, 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.

We seek Safe Harbor.

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