PLG:TSX

Pilot Gold Inc.

Pilot Gold Inc. is a gold exploration company led by a proven technical team that continues to discover and define high-quality projects featuring strong grades and meaningful size in mining-friendly addresses. Its three key assets include interests in the TV Tower and Halilaga projects in Turkey, and the Kinsley Mountain project in Nevada, each of which has the ability to become a foundational asset. Pilot Gold also has a pipeline of projects with large land positions and district-wide potential that can meet its growth needs for years to come.

Expert Comments:

"Pilot Gold Inc. has hit some promising copper-gold porphyry mineralization at its TV Tower project in Turkey. The key to unlocking the value there is a higher copper price. There are several large-scale copper porphyry discoveries in recent years that trade at lower valuations in the current market given the lack of potential acquirers for these projects at current copper prices. . .when you look at Pilot's entire TV Tower land package, there's certainly a larger system tying these different areas of mineralization together. There's the high-grade KCD gold-silver deposit in the north, an oxide gold cap adjacent to the porphyry targets in the south and several other high-grade gold targets—at more than 90 square kilometers it's quite an extensive land package.

The Halilaga project is a joint venture with Teck Resources, where Pilot owns 40%. The revised economics were based on a smaller, higher-grade operation, focused on reducing capital costs to a more reasonable size for a midtier mining company. Our opinion is that the project is non-core to Teck and the revised PEA is a way to find a value for Teck's 60% share. We'll likely see a sale of Teck's 60% share this year to either Pilot or a third party. . .most of the value for Pilot, in our opinion, is with its Kinsley Mountain project in Nevada. The deposit itself is more structurally complex than the company initially thought back in early 2014 after following up some good early-stage drill results. However, management has had an opportunity to reinterpret all of the data this winter and should have some success identifying the extension of that deposit in its spring drill program." read more >

"One good example of a company with strong institutional support is Pilot Gold Inc. It is exploring three large projects: Kinsley Mountain in Nevada, which is gold, and Halilaga and TV Tower in Turkey, which are copper-gold. It takes a lot of money to advance three projects and Pilot, despite the four-year bear market, has been able to keep its treasury pretty full. That's largely because it's part of the Oxygen Capital group of companies, which includes True Gold Mining and Pure Gold Mining. . .Oxygen Capital has a technical, science-driven team, but because of its track record of success and the way it has interacted with and treated shareholders in the market, it has real access to capital. Pilot, True Gold and Pure Gold all have been able to raise money and keep their projects moving forward through a bear market. That shows the importance of strong support." read more >

"Pilot Gold Inc. is a good stock that has some cash on hand. . .it should go up nicely." read more >

Brent Cook, Exploration Insights (2/8/15)
"The sum of Pilot Gold Inc.'s exploration to date has yet to define an obviously economic deposit, but does clearly prove this is a well-mineralized district capable of generating an economic deposit, and worthy of additional work. These things take time and careful evaluation."

Kevin MacKenzie, Salman Partners (2/6/15)
"Pilot Gold Inc. announced the final 2014 drill results from its 40%-owned TV Tower project. . .the results centered on the Columbaz discovery, a gold-rich porphyry system overprinted by epithermal gold veins, located 6.5 km north of the Valley and Hilltop porphyries. . . .drilling to date indicates that the Columbaz discovery consists of a gold-copper porphyry system, overprinted by epithermal veins. . .it is expected that Pilot will look to follow up on the results of holes CD-011/012, with subsequent drilling to the north."

Gwen Preston, Resource Maven (2/5/15)
"If results are as I expect, Pilot Gold Inc.'s stock will garner much attention this year. . .the results from Halilaga and TV Tower in just a few years show serious scale and good grades in a prime location. . .the Halilaga preliminary economic assessment is the first of five big announcements expected from the company this year. . .I predict discoveries at both TV Tower and Kinsley this year. Drilling news plus resource estimates and preliminary economic assessments will help the market realize just how well these projects are shaping up."

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Investing Highlights
 
Proven management & technical team from Fronteer Gold
 
Project creation in Nevada & Turkey with numerous discoveries in 2014
 
Strong balance sheet with $20 million in the treasury
catalyst Calendar
Pilot Gold Inc. Content