Pilot Gold Acquires Mineral Gulch Project, Idaho

Published: June 20, 2016 | Share This

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Pilot Gold Inc. has acquired 100 percent of the Mineral Gulch Property from Western Pacific Resources Corporation. Mineral Gulch is the past-producing Black Pine heap leach gold mine located in southeastern Idaho. The purchase price consisted of US $800,000 cash, 300,000 common shares of Pilot Gold and a grant of a 0.5 percent NSR to Western Pacific.

Pilot Gold’s goal is to advance a portfolio of past producing Carlin-style oxide gold mines (Goldstrike, Kinsley, Mineral Gulch) and high grade gold projects (Kinsley, Baxter Springs) in the western US. Mineral Gulch has the potential to match its current success at Goldstrike. The company will continue to search for additional acquisitions.

Pilot Gold will use the same detailed data compilation approach to the Mineral Gulch Property as was completed at the Goldstrike and Kinsley projects. The historical database will be digitized and matched with surface mapping and sampling results to generate a 3D interpretive model before a first-phase RC infill and step-out drill program is initiated.

About Pilot Gold
Pilot Gold is led by a proven technical and capital markets team that continues to discover and define high-quality assets. Its two core projects are Goldstrike in Utah and Kinsley Mountain in Nevada. The company also holds important interests in two Turkish assets, Halilaga and TV Tower, and has a pipeline of Western US projects characterized by large land positions and district-wide potential that can meet our growth needs for years to come.

To stop by Pilot Gold’s website, CLICK HERE

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