Pilot Gold has initiated a 30,000-m drilling campaign at the TV Tower property on the Biga peninsula in northwestern Turkey. The campaign includes 15,000 m of drilling on the property’s KCD target and 7,500 m each on the Kayali and Columbaz targets. Three diamond core drills are now in operation, and an additional reverse circulation drill may be activated later in the season.
TV Tower is a joint venture between Pilot Gold (40%) and Teck Madencilik Sanayi Ticaret A.S. (60%), a Turkish subsidiary of Teck Resources. Pilot Gold is the project operator and can increase its interest in the project to 60% through sole funding of exploration over a three-year period.
TV Tower drilling in 2012 and early 2013 focused entirely on testing the high-grade KCD target. Drilling confirmed the presence of a 250-m by 400-m gold zone that remains open down-dip to the north and established the presence of a 400-m by 600-m stratabound silver zone that overlies the gold zone and is open to the west and northwest.
The 2013 KCD drill program includes down-dip holes on the gold zone within the footprint of previously drilled mineralization and aggressive step-out drilling to the north and west, primarily on the silver zone. A permit application has been submitted to allow for drill access to areas up to 1.5 km west of the presently defined KCD target, with plans for intensive drilling over an area extending up to 500 m to the west.