Pilot Hits Home Run
There are some wonderful aspects to getting old and coming down with Alzheimer’s. For one, you get to hide your own Easter eggs . As a writer you can go back and read what you wrote a few months ago and think, “By golly, that writer got it just right,” when reading your own crap.
I wrote a piece about the Kinsley Mountain project of Pilot Gold two months ago. By golly, I got it just right. Other than misspelling the name of the Rock Whisperer, Moira Smith.
On the 18th of November, Pilot announced the drill results of some 32 core and RC holes at the Kinsley project. Assays are pending for an additional 26 holes. The company has drilled about 14,200 meters of a 20,000 meter program due to end this month.
When I visited Kinsley two months ago Moira told me that her theory was that Alta Gold was producing from the wrong package of rocks and if they could drill the same rock sequence that they had found at Long Canyon, she thought the project had district scale potential.
She also felt the NS trending structures were as important or more important than the prevailing NNW structures that Alta had been mining. Alta had been mining the Candland Shales and she thought the limestone and shales underneath the Candland sequence would show better mineralization.
In short, Moira and her team wanted to apply the Long Canyon model to Kinsley. The initial drill results from the 2013 program support her theory. Proof of Concept came in the form of a 36.6-meter intercept of 8.53 g/t gold. To give you an idea of how significant that is, the hole was located some 550 meters from Alta’s mining. It was the single best intercept of over 1300 drill holes drilled at Kinsley.
I’d say Pilot and Moira Smith and her team just hit a giant home run. I wonder if Newmont has another $2.3 billion they would like to spend on another multi-million ounce deposit in the Long Canyon Trend.
Pilot has about $23 million in the bank and is well cashed up for the coming future. Look for more drill results in the next month.
Pilot is an advertiser and I am biased. Do your own due diligence.
Pilot Gold Inc