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Pilot Gold Inc.

TICKER: PLG:TSX

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.


The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

Gwen Preston, Resource Maven (12/12/14) "Pilot Gold Inc. returned arguably the best drill results to date from Kinsley Mountain, a gold project in eastern Nevada. . .highlights include 10.1g gold over 39.6m, 6.05g gold over 30.5m and 4.39g gold over 29.2m. . .the company's strength is geologic modeling prowess. . .identifying gold in previously untested geologic units. . .it will release an initial resource estimate for Kinsley in the new year. Pilot also plans to update resources and economics at its equally exciting projects in Turkey. Pilot has a lot of moving parts, and 2015 looks set to be a big year."

Tara Hassan, Haywood Securities (12/12/14) "The latest drill results from Pilot Gold Inc.'s Kinsley continue to highlight broad intervals of high-grade mineralization at the Western Flank target and demonstrate the potential of other targets at the project. . .we expect the headline intersection to attract attention; coupled with encouraging results from two newer targets, this could support a higher share price. We continue to be encouraged by the results from Western Flank."

Kevin MacKenzie, Salman Partners (12/12/14) "With an updated PEA for its Halilaga project (40% Teck Resources Ltd.) expected in Q1/15, and multiple future catalysts associated with recent discoveries at TV Tower and Kinsley Mountain, we expect to see Pilot Gold Inc.'s stock price appreciate in the new year."

Haywood Securities (12/10/14) "Pilot Gold Inc. is financed through 2016 to complete exploration at two high-potential properties: TV Tower and Kinsley Mountain. Exploration results in conjunction with an updated Halilaga PEA could close the valuation gap."

Kevin MacKenzie, Salman Partners (12/10/14) "Yesterday, Pilot Gold Inc. announced a batch of drill results from its 79%-owned Kinsley Mountain project located in Nevada. . .drill testing of regional targets continues to demonstrate the property-wide potential for gold mineralization in the Candland Shale and Secret Canyon Shale formations. High-grade mineralization was intercepted at both the Racetrack target (PK180: 2.69 g/t over 7.6m) and Secret Spot target (PK182: 2.03 g/t over 7.6m)."

more comments

Canaccord Genuity's Morning Coffee (12/10/14) "Pilot Gold Inc. released highlight results from drilling and an update on other activities at the Kinsley Mountain project in eastern Nevada. . .highlights from the most recent infill drilling at the Western Flank include: 1) 10.1 g/t gold over 39.6m in hole PK186C, including 17.4 g/t gold over 21.6m; 2) 6.05 g/t gold over 30.5m in hole PK187C; 3) 4.39 g/t gold over 29.2m in hole PK188C; and 4) 6.88 g/t gold over 6.1m in hole PK177C, including 11 g/t gold over 3m."

Teresa Matich, Resource Investing News (12/9/14) "The Western Flank target at Pilot Gold Inc.'s Kinsley Mountain project appears to be the gift that keeps on giving this Christmas season. After releasing a set of positive results in early September, the company came back with more high-grade intercepts this week."

Kevin MacKenzie, Salman Partners (12/9/14) "We are of the opinion that that a 'trolling' approach which focuses on the best positioned developers, will yield above-average risk adjusted returns within the developers segment. We classify trolling candidates as those who have a: 1)proven management team 2) ability to develop a project 3) strong treasury 4) robust project economics 5) operations in a safe mining jurisdiction Through this report we introduce Pilot Gold Inc. as one of the three companies to our 'Under the Lens' watchlist that we feel meet these criteria."

The Gold Report Interview with Oliver Gross (10/27/14) "A company both in Nevada and Turkey is Pilot Gold Inc. Its Kinsley Mountain project in Nevada contains a high-grade and promising discovery. In Turkey, the company is successfully exploring and developing the TV Tower project with Teck Resources. TV Tower could become an entire mining district, containing several gold, copper and silver deposits. Pilot's managers and geologists are some of the best in the industry, and both Teck and Newmont are strategic shareholders." More >

Mike Hocking, Scotia Capital (10/23/14) "Pilot Gold Inc. announced the discovery of a new porphyry system at the Columbaz target 3 km south of the KCD deposit. . .we view the recent results as a technical success with long runs of low-grade gold and copper mineralization; the highlight is 0.8 g/t Au eq (0.6 g/t) and 0.11% Cu over 357.7m, starting at surface, in hole CD008C."

Jeff Killeen, CIBC World Markets (10/22/14) "Pilot Gold Inc. reported results from drilling at the Columbaz target within the TV Tower joint venture project which indicate another copper-gold porphyry zone is present. . .the third copper-gold porphyry zone identified at TV Tower. . .over the last year and the fifth gold discovery there over the last five years. . .hole CD008C returned the following long interval of copper-gold mineralization: 0.6 g/t gold and 0.11% copper over 357.7m, including 8.41 g/t gold and 0.06% copper over 7.8m. . .indicating there is potential for a porphyry zone of significant volume being defined through subsequent drilling."

Shane Nagle, National Bank Financial (10/22/14) "Pilot Gold Inc. announced the discovery of a new gold-rich porphyry, located 3km south of the KCD gold-silver deposit at its TV Tower project in Turkey. The Columbaz target comprises high-grade gold-bearing epithermal veins overprinting a gold-copper porphyry system. . .the fifth such discovery identified on the property to-date. . .highlights included 0.60 g/t gold and 0.11% copper over 357.7m in hole CD008C (8.41 g/t gold and 0.06% copper over 7.8m and 3.32 g/t gold and 0.15% copper over 13.2m). . .Pilot remains well positioned relative to its peers given its strong financial position, management team, and exploration potential at each of its primary projects."

Tara Hassan, Haywood Securities (10/22/14) "Pilot Gold Inc.'s success at TV Tower continued this morning with the announcement of drill results from the third gold-rich porphyry, the Columbaz discovery, located 3 km south of the KCD gold-silver deposit. The new discovery is comprised of high-grade gold-bearing epithermal veins overprinting a gold-copper porphyry system."

Dan Rollins, RBC Capital Markets (10/22/14) "Colombaz delivers another hit at Pilot Gold Inc.'s TV Tower. . .the discovery of a third copper-gold porphyry on the TV Tower property and fourth in the district, highlights the underlying potential of the company's holdings in the Biga district of Turkey. Although the Columbaz discovery supports our positive view on TV Tower, additional drilling will be needed to confirm both the grade potential and extent of mineralization."

Dan Rollins, RBC Capital Markets (10/1/14) "Ongoing exploration success at Pilot Gold Inc.'s Kinsley Mountain project in Nevada and TV Tower project in Turkey are likely to lead to additional resource identification and increased investor attention. We expect the company to release additional drill results on its TV Tower over the next few weeks, which could build upon the recent discovery of two porphyry targets."

Thibaut Lepouttre, Caesars Report (9/19/14) "Pilot Gold Inc. announced that it has completed the acquisition of Cadillac Mining Corp., which owned the Goldstrike project in Utah. According to Pilot’s geologists, this project seems to be another Carlin-type project located off the main trend, and we have the impression that the company's technical team is very eager to start exploration work on the property and repeat its previous success at the Mt Kinsley project in Nevada."

Brent Cook, Exploration Insights (9/14/14) "Pilot Gold Inc. released drill results at its Kinsley Mountain gold project. . .drilling into the Western Flank prospect intersected a highlight hole of 6.19 g/t Au over 46m, near the center of the mineralized zone. . .the fact that the company has been able to drill into some pretty decent Carlin-style mineralization (blind from surface) is impressive and remains a positive sign. . .I came away from my meeting with the company satisfied that exploration dollars are being wisely spent, and that Kinsley has the potential to host an important gold deposit."

Jeff Killeen, CIBC World Markets (9/12/14) "Pilot Gold Inc. released another set of good drill results from its Kinsley project in Nevada. . .high-grade gold was reported in several holes including 6.19 g/t gold over 45.7m, 3.91 g/t Au over 18.3m and 2.89 g/t Au over 19.1m. A total of 16,722m has been drilled at Kinsley in 2014. . .the firm offers a portfolio of prospective assets that have shown potential to be developed into operating assets. The company is led by a strong senior management and technical team. . .our price target for the company is CA$1.75/share."

Canaccord Genuity's Morning Coffee (9/11/14) "Pilot Gold Inc.'s Kinsley land package has increased, with the company adding five patented claims (66 acres/26 ha) and an additional 40 federal lode claims (800 acres/324 ha). Pilot has also secured 1,080 acre feet of water rights and initiated metallurgical studies at the Western Flank."

Jeff Killeen, CIBC World Markets (9/11/14) "Pilot Gold Inc. has released another set of good drill results from its Kinsley project in Nevada. Holes focused on the Western Flank and Secret Spot targets, with high-grade gold reported in several holes including 6.19 g/t gold over 45.7m, 3.91 g/t gold over 18.3m and 2.89 g/t gold over 19.1m. . .results represent another positive step forward at Kinsley with more high grade being reported, indications that the mineralized footprint may grow and increasing land and water rights."

Dan Rollins, RBC Capital Markets (9/10/14) "We view Pilot Gold Inc.'s latest round of drill results as a positive, with the company continuing to extend the Western Flank zone as well as the discovery of gold mineralization at the Secret Spot target at the company's Kinsley Mountain property in Nevada. . .additionally, the company continues to advance the project by expanding its land package, securing additional water rights and initiating metallurgical studies. The company is also planning follow-up drilling at the Right Spot target area and beneath the historical open-pits. Pilot owns 79.1% of the project."

Tara Hassan, Haywood Securities (9/10/14) "Pilot Gold Inc.'s Kinsley Mountain drill results continue to highlight broad intervals of high grade mineralization at the Western Flank target. . .the intersection of Secret Canyon shale units at the Secret Spot target 2km from Western Flank is encouraging. . .highlights from today's results included 6.19 g/t Au over 45.7m including 13.8 g/t over 19.2m in PK175CA. . .the company is fully financed through most of 2014. Its projects, which are located in regions hosting greater than 1 Moz Au deposits, remain underexplored. . .the company is well positioned to drive value through the bit."

Shane Nagle, National Bank Financial (9/10/14) "Pilot Gold Inc. announced drill results for the Western Flank and Secret Spot targets at Kinsley Mountain. . .the Western Flank continues to demonstrate the presence of high grade mineralization. . .drilling on the Western Flank target included 45.7m grading 6.19 g/t Au, starting at 287.1m down-hole in PK175CA. . .the company remains well-funded with US$24M cash and all earn-in agreements to 60% in place for TV Tower. . .the firm remains well positioned relative to its peers given its strong financial position, strength of its management team, and exploration potential. We reiterate our Outperform rating and CA$2.25/share target price."

The Mining Report Interview with Jeff Killeen (9/10/14) "One junior that continues to get attention is Pilot Gold Inc., largely on the back of its good work in Turkey and Nevada. We've seen some great results from its Kinsley project in Nevada—some of the better grades I've seen in Nevada in recent memory. How big is the Kinsley deposit? The overall footprint is still fairly small so there is more work to be done to conceptualize the size of the deposit and get investors fully engaged. Nonetheless, the grades are robust and have garnered some market attention. In Turkey, Pilot identified several new zones at the TV Tower project, a joint venture with Teck Resources Ltd. Again, oxidized mineralization in some cases and showing consistent mineralization patterns. Bottom line: There seems to be a fairly clear path to adding ounces at both projects. Those are the kinds of things that get the market's attention. No project is a single drill hole, but to have a single hole with those kinds of numbers [130.9m grading 1.5 g/t Au and 0.48% Cu starting at surface] is an excellent start. If you put several intercepts like that together you can quickly build pounds and ounces. Being able to validate a surface geological interpretation is big and a great starting point for any drill program." More >

Brent Cook, Exploration Insights (8/31/14) "Pilot Gold Inc.'s Western Flank target in Nevada has returned some impressive gold intersections (e.g. 21 g/t Au over 29m, 10 g/t Au over 30m) and my assumption is that the company is. . .defining and extending that mineralization. . .in Turkey, Pilot Gold continues to drill (and discover) new gold and gold/copper mineralization within the TV Tower concession. Recent results. . .including 1.59 g/t Au and 0.48% Cu over 131m, prove Pilot Gold has discovered a new gold/copper porphyry. My interpretation. . .is that a very strong porphyry is present which is disrupted by low-grade to barren post-mineral intrusives."

Wayne Hewgill, Tempest Capital (7/29/14) "Pilot Gold Inc. announced followup drilling from the recently discovered Valley copper-gold porphyry target located within the K2 target area on the company's TV Tower joint venture (JV). Highlights include 130.9m grading 1.59 g/t Au and 0.48% Cu, starting at surface. . .the project has the potential to have synergies with Pilot's preliminary economic assessment-stage Halilaga Cu-Au porphyry JV."

Brent Cook, Exploration Insights (7/28/14) "Pilot Gold Inc. released drill assays from four holes into its Valley porphyry copper/gold target on the TV Tower property. . .these are positive results for the first drill test of a new porphyry system. I am encouraged by the relatively high grades, large geochemical signature and extensive alteration at Valley."

Jeff Killeen, CIBC World Markets (7/23/14) "Pilot Gold Inc. has announced results from follow-up drilling on the Valley Porphyry discovery at TV Tower. . .its third copper-gold porphyry discovery in Turkey. We are encouraged by today's results, with highlight hole KRD-14C returning 1.59 g/t Au and 0.48% Cu over 130.9m; the additional four holes reported. . .returned significant gold-copper intercepts, extending the zone north and east. . .close proximity to the Halilaga copper-gold project (15 km) could provide the company with more options longer term. . .we view the drilling results as positive for Pilot Gold as they highlight the potential for continued resource growth at TV Tower."

Vivien Diniz, Resource Investing News (7/22/14) "Today, Pilot Gold Inc. released the results of five drill holes at its new Valley Porphyry discovery in northwest Turkey, and they did not disappoint. The company reported that all holes returned long runs of both copper and gold mineralization starting at surface."

Dan Rollins, RBC Capital Markets (7/22/14) "We expect the market to react positively to Pilot Gold Inc.'s follow-up drilling from the Valley Porphyry target at its TV Tower property. In our view, previous and ongoing exploration success highlights the underlying potential of the company's land package in the emerging Biga district of Turkey. We expect TV Tower to continue to provide the company with a second source of positive exploration news flow, in addition to its prospective Kinsley Mountain property in Nevada."

Tara Hassan, Haywood Securities (7/22/14) "Pilot Gold Inc.'s success at TV Tower continued this morning with the announcement of further drill results from the recent Valley Porphyry discovery; this discovery, the third copper porphyry discovery in the region, has been highlighted by above-average gold grades for a copper-gold porphyry. . .there could be an opportunity to create a regional porphyry play leveraging off its more advanced Halilaga project, which could further enhance the already strong economics of that project. We continue to believe that Pilot will drive the bulk of its value over the next 12-18 months from Kinsley and drilling K2 gold oxides once permits are received (expected later this year)."

Jeff Killeen, CIBC World Markets (7/22/14) "Pilot Gold Inc. has announced results from follow-up drilling on the Valley Porphyry discovery at TV Tower. . .we are encouraged by today's results, with highlight hole KRD-14C returning 1.59 g/t Au and 0.48% Cu over 130.9m. . .Valley Porphyry drilling has extended mineralization up to 85m from the initial discovery hole and the target remains open in all directions. . .we view the drilling results as positive for Pilot Gold as they highlight the potential for continued resource growth at TV Tower. We expect that continued news flow from exploration work will act as a catalyst for the stock throughout 2014."

Brent Cook, Exploration Insights (7/10/14) "Pilot Gold Inc. released results from an additional eight holes from the Western Flank target and three holes from the Secret Spot target at Kinsley Mountain. . .three holes from the Western Flank intersected 38m grading 5.59 g/t Au (DH 158C), 17m grading 2.46 g/t Au and 30m grading 3.81 g/t Au (DH 141C) and 12.5m grading 8.35 g/t Au and 6.2m grading 14.5 g/t Au (DH151C). . .Western Flank mineralization is predominately hosted by the Secret Canyon shale, about 200–300m beneath the surface. . .the company has $34M cash plus some very prospective properties in Turkey."

Kevin MacKenzie, Salman Partners (7/10/14) "Pilot Gold Inc. announced today that followup drilling on the Western Flank zone at the company's 79.1%-owned Kinsley Mountain project returned 'long intercepts of gold mineralization in multiple horizons'. . .this recent round of drilling was effective in pushing the higher grade gold envelope to the north, adding high-grade mineralization to an area that was previously diluted by less mineralized intercepts."

Dan Rollins, RBC Capital Markets (7/2/14) "We expect Pilot Gold Inc. to outperform in Q3/14 and, therefore, added it to our Canadian Small Cap Conviction List. . .ongoing exploration success at the Kinsley Mountain project in Nevada and the TV Tower project in Turkey are likely to lead to additional resource identification and increased investor attention."

Thibaut Lepouttre, Caesars Report (6/26/14) "Pilot Gold Inc. was drilling a porphyry target at TV Tower and one of the holes hit exactly what the company was looking for, as the drill bit has intersected an interval of 153m, starting at surface, containing 0.99 g/t gold and 0.39% copper. As the rock value of this zone is roughly $67/t, you could easily consider this to be a high-grade intercept for a porphyry deposit."

The Mining Report Interview with Brent Cook (6/24/14) "Pilot Gold Inc. acquired new targets in eastern Nevada, where it's having some real success drilling for a similar-style gold deposit on Kinsley Mountain. It doesn't have a defined resource yet, but the drilling is turning up some very positive numbers that point to the potential of another major gold deposit. The company is doing something similar in Turkey on some gold and porphyry projects. Pilot has about $30M in the bank. That's an exploration company worth watching. We own it in the letter, which also means I own it personally. . .Pilot drilled a new target, where it intersected 41m of 3 g/t from surface. That's a very good number. It put one hole under each of two other conceptual targets, and failed on both. That doesn't kill the project, but it makes it more complicated. We want to see a company conceptualize ideas that, if they succeed, will be meaningful to a major. Results have been pretty positive so far at Kinsley Mountain. . .Pilot's copper-gold resource in Turkey is kind of small, but it's valuable to somebody, perhaps a smaller Turkish mining company. Its other resource in Turkey is metallurgically complex, and it may be worth something to somebody. I like that Pilot continues to test new ideas and is successful. We don't find many companies doing that these days." More >

Tara Hassan, Haywood Securities (6/19/14) "Today's stepout drill results from Karaayi expand the mineralized footprint of the Hilltop porphyry to 500m by 200m, adding further support to the district potential of Pilot Gold Inc.'s TV Tower. . .drilling and soil sampling have identified a large anomaly at the Hilltop porphyry that could contribute to a regional play at TV Tower."

Kevin MacKenzie, Salman Partners (6/16/14) "Pilot Gold Inc. [will] acquire Cadillac Mining. . .it is expected that future exploration programs will focus on further delineating mineralization between the historic basin and Hamburg open pits, while testing for zones of peripheral mineralization associated with the seven additional open pits contained on the property."

Jeff Killeen, CIBC World Markets (6/16/14) "Pilot Gold Inc. has announced it will acquire Cadillac Mining Corp., which owns the Goldstrike project. . .we see Pilot taking advantage of a challenging market to add a prospective North American project to its development pipeline with this deal. With that said, the company plans to 'incubate' the project, and we do not anticipate it to complete significant work at Goldstrike in the near term."

Brent Cook, Exploration Insights (6/15/14) "Pilot Gold Inc. continues to spend and, more importantly, continues to release very good drill results from new targets. . .we do not yet have an obvious economic discovery or resource in Nevada or Turkey, but the company keeps providing shareholders with results that point in the direction a meaningful deposit."

Tara Hassan, Haywood Securities (6/13/14) "Pilot Gold Inc. has announced the acquisition of Cadillac Mining Corp. . .while the transaction will help further diversify Pilot and lower perceived Turkey risk, with little to no work completed in recent years, we expect that it could take some time before Pilot can demonstrate the value of the project and have this translated into the share price. While we view the premium to be high relative to recent transactions, given Pilot's track record of capitalizing on asset acquisitions (e.g. Kinsley) and the limited dilution required to do the deal, we expect that over time, this could be viewed as an inexpensive acquisition."

Jeff Killeen, CIBC World Markets (6/13/14) "Pilot Gold Inc. has discovered a new copper-gold porphyry system at its TV Tower project in Turkey. . .the announcement supports our thesis that TV Tower will yield further discoveries. Although subsequent drilling will be required to define potential volume of the target, the initial intersection is promising. . .drilling continues at the Valley Porphyry discovery and Pilot plans to drill 10 holes at each of the Valley Porphyry and Columbaz targets."

Frik Els, Mining.com (6/11/14) "Shares in Pilot Gold Inc. jumped nearly 5% in heavy volumes on Wednesday after another set of strong drilling results; the Vancouver-based junior announced the results of the first drill test of a new porphyry target at its TV Tower project in Turkey. The counter has been on a tear this year thanks to a string of good results from its Kinsley Mountain gold project in Nevada."

Tara Hassan, Haywood Securities (6/11/14) "This morning, Pilot Gold Inc. reported its third copper-gold porphyry discovery in Turkey. The first drill result from Valley Porphyry intercepted: 0.99 g/t Au and 0.39% Cu, or 1.65 g/t Au eq (using $1,200/oz Au and $3/lb Cu), over 153.1m in hole KRD010."

Ovais Habib, Scotia Capital (6/11/14) "Pilot Gold Corp. announced the discovery of a new copper-gold porphyry system, the 'Valley Porphyry,' at TV Tower (Turkey). . .the company reported a headline drill hole of 0.99 g/t Au and 0.39% Cu (1.65 g/t Au eq) over 153m from surface, including 66.2m at 1.57 g/t Au, 0.56% Cu (2.52 g/t Au eq). The discovery was made within 500m of the K2 gold oxide trend on the south end of the TV Tower project. This is an encouraging discovery from surface and the planned 3,000m drill program will provide an initial sense of the dimensions and orientation of the zone."

Frik Els, Mining.com (6/9/14) "Shares in Pilot Gold Inc. jumped nearly 3% on Monday after another set of strong drill results at its Kinsley Mountain project in Nevada defined a new gold zone. . .drill results at Kinsley Mountain's Right Spot target returned long runs of predominantly oxide Au mineralization. . .highlights from Right Spot include 3.35 g/t Au over 41.1m in PK144, including 5.11 g/t Au over 4.6m. . .the company expanded its 2014 summer exploration program by CA$1.57M and 8,600m of drilling."

Morning Coffee (6/6/14) "Pilot Gold Inc. announced that stepout drilling at Kinsley Mountain, Nevada, on the Right Spot target has yielded gold mineralization in oxidized rock at shallow depths. . .highlights from the Right Spot area included 3.35 g/t Au over 41.1m at PK144 (including 5.11 g/t Au over 4.6m). . .a total of 5,018m in 4 core and 13 reverse circulation holes have been drilled, with assays pending for 10 holes. In late May 2014, the company leased five patented claims totaling 66 acres located to the south of the historical Kinsley mine."

Shane Nagle, National Bank Financial (6/5/14) "Pilot Gold Inc. highlighted assay results from four holes completed at the Right Spot zone. . .highlights from today's results included 3.35 g/t Au over 41.1m in PK144. . .the company has completed 17 holes (5,018m) in the summer program, with assay results pending on an additional 10 holes. . .the firm remains well funded, with CA$37M in the bank and all earn-in agreements to 60% in place for TV Tower. . .and remains well positioned relative to its peers given its strong financial position, strength of its management team and exploration potential. . .we reiterate our Outperform rating."

Jeff Killeen, CIBC World Markets (6/5/14) "Pilot Gold Inc. released stepout drill results for the Right Spot target at the Kinsley Mountain project. . .we view today's drilling results as a positive for Pilot, intercepting near-surface oxidized mineralization, which is within close proximity to the higher grade mineralization encountered at the Western Flank target. . .with management's previous success in selling the Long Canyon project in Nevada, we expect that Kinsley will take the center stage during 2014."

Tara Hassan, Haywood Securities (6/5/14) "The continuation of drilling at Pilot Gold Corp.'s Right Spot has intercepted broad intervals of near-surface mineralization (largely oxide). These results are important as they indicate that the Right Spot target can grow and they demonstrate the potential for delineation of mineralization within the same stratigraphic units seen elsewhere at the property, over a sizable difference."

Thibaut Lepouttre, Caesars Report (5/27/14) "Pilot Gold Inc. has announced it has restarted drilling at the Mt. Kinsley project in Nevada, where the company currently is completing a 25,600m drill program . . .we feel this year's drill program will prove to be very important for Pilot Gold and its joint venture partner. . .previous drill intercepts were quite exciting as the winter drill program intercepted 41.7m at 6.85 g/t and 53.3m at 7.53 g/t."

Dan Rollins, RBC Capital Markets (5/20/14) "Pilot Gold Inc.'s Kinsley site has all the elements desired in an exploration-stage asset. Following a successful winter drill program (12 holes, 4,230m), the company started phase 2 of its 2014 exploration program in early May with a $6M budget (25,600m). . .we continue to estimate a resource of 1 Moz Au, which appears in line with management's expectations. Given the Western Flank remains open in all directions, potential extension of mineralization to the Right and Secret Spot targets, and untested Kinsley North, we believe further resource growth is likely."

Brent Cook, Exploration Insights (5/18/14) "The technical team at Pilot Gold Inc. is comprised of most of the same geologists responsible for interpreting and defining the Long Canyon, Nevada, gold deposit. Long Canyon was sold to Newmont Mining Corp. for $2.1B. . .the team is proven, competent, experienced and very knowledgeable regarding the deposit type they are exploring at Kinsley. Furthermore, the company has ~$35M cash, and plans to spend ~$6M drill testing Kinsley over the coming summer and fall."

Wayne Hewgill, Tempest Capital (4/28/14) "Pilot Gold Inc. announced additional high-grade gold intervals on the Kinsley Mountain project. . .the infill and stepout holes are on the recently discovered Western Flank project. . .infill drilling includes 38.7m grading 15.6 g/t Au, starting at a depth of 253m, including a higher-grade interval of 21.9m of 26.3 g/t Au."

Brent Cook, Exploration Insights (4/27/14) "Pilot Gold Inc. released infill and stepout drill hole results from the West Flank prospect at its Kinsley gold project in Nevada. The highlight hole intersected 38.7m grading 15.6 g/t gold and was located between other strong holes. . .the impressive grades and thickness tell us that the company is probably on to a strong Carlin-style system capable of producing a 1+ Moz gold deposit."

Morning Coffee (4/24/14) "Pilot Gold Inc. announced that infill and stepout drilling at Kinsley Mountain's Western Flank target continues to intersect high-grade gold mineralization, including 21.3 g/t Au over 29m in hole PK137C. Management highlighted that the upper portion of this intercept, including an interval grading 46.4 g/t Au over 4.9m, is oxidized, similar to other nearby drill holes with high-grade zones of oxidation."

Jeff Killeen, CIBC World Markets (4/24/14) "Pilot Gold Inc. released assay results yesterday for several new holes drilled within the Western Flank target at the Kinsley Mountain project. . .drilling at Kinsley continues to return strong grades and confirms that the zone remains open in several directions. Although more drilling will be required to build a resource estimate for the Western Flank, we believe the results are a positive step in defining an economic resource at Kinsley."

Mike Hocking, Scotia Capital (4/24/14) "Pilot Gold Corp. released the final five holes from the winter drill program. . .in our opinion the most significant hole is PK133C (16.1 g/t over 16.5m from 322.2m down hole) which is ~40m north of the linear trend defined by holes 132C and 127C. This hole suggests that the mineralized zone has a third dimension and can potentially be extended along stratigraphy towards the north. . .we see significant exploration potential at Kinsley Mountain and at K2 (TV Tower)."

Frik Els, Mining.com (4/23/14) "Shares of Pilot Gold Inc. jumped more than 5% on Thursday in brisk trade after the release of another set of strong results from drilling at its Kinsley Mountain project in Nevada. . .the company reported highlights from the five remaining drill holes from the 12-hole, 3,500m winter diamond drill program in the Western Flank area. . .with 21.3 g/t Au over 29m in PK137C (infill), including 46.4 g/t Au over 4.9m (oxide) and 32.7 g/t over 11.4m. . .the Western Flank target, located 550m northwest of the past-producing pits at Kinsley, remains open in all directions."

Tara Hassan, Haywood Securities (4/23/14) "Good intercepts keep flowing from Pilot Gold Corp.'s Kinsley. . .we expect the market to react positively to the headline numbers, which continue to highlight broad intervals of high grade at Kinsley. . .if the company can demonstrate scale either along the northwest-southeast Kinsley Trend corridor or the north-northeast/south-southwest Western Flank corridor, the project could be a game changer for Pilot."

Bob Moriarty, 321 Gold (4/17/14) "Pilot Gold Inc. and its technical team led by the 'rock whisperer' Moira Smith thought they had another Long Canyon on their hands. . .I really like the company's Kinsley project and based on my conversations with Dr. Smith, I think she has it exactly right. I hope she and the rest of Pilot's team discover another Long Canyon."

Jeff Killeen, CIBC World Markets (4/7/14) "We are reinstating coverage of Pilot Gold Inc. upon closing of a $20M bought deal financing. . .although still at early stages, drilling at Kinsley has shown Secret Canyon mineralization is, at least, a contiguous zone, not just an exploration target on paper. With this note we are increasing our price target for the company from CA$1.50 to CA$1.75 based on applying an increased option value for the Kinsley project."

Shane Nagle, National Bank Financial (4/4/14) "Pilot Gold Inc. has issued 13.1M shares at a price of $1.53/share for gross proceeds of $20M ($19M net of fees). Proceeds from the offering will be used for ongoing exploration and development programs as well as general working capital purposes; we estimate the company's current cash balance at ~$38M."

Tara Hassan, Haywood Securities (4/2/14) "We are resuming coverage of Pilot Gold Inc., following the close of the company's $20M (gross) financing announced on March 12, 2014. . .our target price increases to $2 (from $1.70), as the financing is offset by incorporation of encouraging drill results from Kinsley, including most recently on March 22, 2014. We reiterate our Buy rating."

The Gold Report Interview with Oliver Gross (4/2/14) "Pilot Gold Inc. is a gold junior that I follow closely. It is led by the masterminds of Fronteer Gold, which was acquired by Newmont Mining Corp. in a $2.3 billion deal. The former president and CEO of Fronteer is Mark O'Dea, one of the most skilled managers in global junior mining. He is now the chairman of Pilot. The company is backed by first-class strategic investors and mining companies and has great financials. I really like the business philosophy and the strong ambitions of the stunning head management here. Pilot Gold has a very impressive gold discovery at its Kinsley Mountain project in Nevada in 2014. This could be a world-class gold deposit comparable to Fronteer's Long Canyon deposit. In Turkey, the company is developing the huge TV Tower project, which is in a joint venture with resource giant Teck Resources Ltd. TV Tower seems to contain several decent gold, silver and copper deposits and has great development and exploration potential." More >

The Gold Report Interview with Jeff Killeen (3/26/14) "Earlier this year Pilot Gold Inc. released two drill holes from its Mount Kinsley project in Nevada; they have very good grades and breadth. The headline hole that it reported was 6.9 g/t over almost 42m. This mineralization was within a new shale unit where very little or no drilling had been done by previous operators, and only one hole by Pilot had been drilled in late 2013. That could open up a new horizon at the Kinsley project for exploration that hadn't been identified before." More >

Tickerscores (3/22/14) "Pilot Gold Inc. is a development company with a portfolio of excellent projects in Turkey and Nevada. Management is one of the most important things to look at when investing in mining stocks, and Pilot Gold gets a big checkmark here by being led by CEO Mark O'Dea. Members of the management team have one of the best track records in the junior mining space and have sold a project to Newmont Mining Corp. for $2.3B. . .excellent management and solid projects make Pilot Gold a stock to keep on your watch list."

Brent Cook, Exploration Insights (3/20/14) "Pilot Gold Inc. released a fairly impressive drill hole from its Kinsley Mountain project in Nevada—and almost immediately thereafter announced a bought-deal financing to raise at least $20M at $1.53 per share. . .drill hole PK131C, located at the Western Flank target, intersected 42.7m grading 10.5 g/t gold, including a 23m interval grading 18.3 g/t gold. . .results to date are encouraging and so far support our thesis that Kinsley Mountain, and in particular the West Flank area, could host an economic Carlin-style gold system."

The Mining Report Interview with Jeb Handwerger (3/18/14) "Pilot Gold Inc. has one of the top geologists who helped advanced Long Canyon. We've liked Kinsley Mountain for years. Shares in Pilot have soared since December from under $1 to $1.55 as it hit a heavy volume when the company released results from drilling at Kinsley Mountain, where it hit 6.85 grams over 40 meters. This is very encouraging." More >

Jordan Roy-Byrne, The Daily Gold (3/16/14) "Pilot Gold Inc. announced a raise of $20M, which will take its shares to 103M but will take its cash to likely over $35M. . .results from Kinsley continue to exceed expectations."

Tara Hassan, Haywood Securities (3/12/14) "Drilling at Pilot Gold Inc.'s Kinsley Mountain continues to suggest there is the potential to delineate a high-grade resource at the project. . .if the company can build scale either along the northwest–southeast Kinsley trend corridor or the north-northeast–south-southwest Western Flank corridor, the project could be a game-changer for the company."

Michael Allan McCrae, Mining.com (3/12/14) "Pilot Gold Inc. rallied 13.42% to $1.69 after announcing 6.85 g/t gold over 41.7m at its Kinsley Mountain project. . .the exploration company is focused on projects in the U.S. and Turkey. . .year to date, Pilot is up 96.51%."

Shane Nagle, National Bank Financial (3/12/14) "Pilot Gold Inc. released additional results from stepout drilling completed on the western flank at its 78%-owned Kinsley Mountain project in Nevada. Today's results included headline intercepts of 10.5 g/t gold over 42.7m in hole PK131C and 7.53 g/t gold over 53.3m in hole PK132C, extending the recently discovered high-grade zone by 25m north and 100m to the northwest."

Brent Cook, Exploration Insights (3/9/14) "We added Pilot Gold Inc. to the Exploration Insights portfolio Feb. 27, noting in a very brief alert that drilling at the Kinsley Mountain project in Nevada had returned 6.85 g/t over 42m. . .at TV Tower, the company needs to expand the zone of oxide gold mineralization at K2. The rest of the property offers excellent potential for the discovery of supergene copper and porphyry copper/gold deposits."

Frik Els, Mining.com (2/27/14) "Shares in Pilot Gold Inc. soared more than 20% on Thursday in heavy volumes after the company released results from drilling at its Kinsley Mountain project. . .Pilot reported at its Western Flank target 6.85 g/t Au over 41.7m in PK127C, including 16.3 g/t over 8.5m (oxide) and 20.5 g/t over 3.6m (oxide)."

Jeff Killeen, CIBC World Markets (2/27/14) "Pilot Gold Inc. has released drill results for two holes at its Secret Canyon shale unit at the Kinsley Mountain project in Nevada. The assay values are encouraging and we believe they indicate the Western Flank footprint has potential to grow, as the reported holes come from a deeper shale horizon that has seen limited drilling in the past. . .we believe the Secret Canyon shale presents a new horizon for exploration at Kinsley and increases the upside potential for resources at the project."

Shane Nagle, National Bank Financial (2/27/14) "This morning, Pilot Gold Corp. released assay results from additional drilling completed on the Western Flank target at its Kinsley Mountain project in Arizona (78% Pilot Gold). Today's reported holes have extended the recently discovered high-grade zone by 30 m to the east and west of hole PK91CA (previously announced in November 2013, which intersected 8.53 g/t gold over 36.6m), and confirmed that mineralization remains open in all directions. . .the company remains well positioned relative to its peers given its strong financial position, strength of its management team and exploration potential at each of its primary projects; we reiterate our Outperform rating."

Tara Hassan, Haywood Securities (2/27/14) "Drill results at Pilot Gold Inc.'s Kinsley continue to show that the recent high-grade discovery at the Western Flank target remains open in all directions. . .the confirmation that the high-grade zone has continuity and is nearly flat, lying in an east-west orientation, is positive. . .the company is fully funded through 2014. . .we believe Pilot is well positioned to drive value through the drill bit."

Jordan Roy-Byrne, The Daily Gold (2/19/14) "Pilot Gold Inc. shares are in an uptrend, acting well; as long as that continues, we will continue to hold the stock in the model portfolio. The company is well funded, has a good portfolio of projects and can boast a very strong team and strong sponsorship from major companies in Newmont Mining Corp. and Teck Resources Ltd."

Thibaut Lepouttre, Caesars Report (1/31/14) "Pilot Gold Inc. announced it found a supergene copper blanket after drill testing a 4km trend at the K2 target. This copper blanket lies underneath the gold oxide zone and has the potential to add a lot of value to the TV Tower project. . .the supergene copper zone is up to 300 m wide and 60m thick, which means there's definitely potential for a mineralized zone containing 100 Mmt copper ore."

Tara Hassan, Haywood Securities (1/23/14) "The initial resource estimate for TV Tower is a good first step for Pilot Gold Inc. and is generally in line with our contained-ounces expectations. . .the project's economics could be improved through expansion of the KCD zone or the addition of resources from other deposits like the K2 trend, where the company is likely to delineate an oxide gold resource larger than KCD based on what has been drilled to date. . .the estimate detailed a total resource of 13.32 Mt at an average grade of 1.17 g/t gold containing 502 Koz gold."

Jeff Killeen, CIBC World Markets (1/23/14) "On Jan. 21, Pilot Gold Inc. announced that drilling at the K2 trend (TV Tower project) had revealed the presence of supergene copper mineralization underlying the oxide gold zones. Exploration work at K2 suggests that two or more copper-gold porphyry systems may be present within the trend."

Shane Nagle, National Bank Financial (1/21/14) "Pilot Gold Inc. reported assay results from Kayali and Karaayi deposits at the TV Tower property in Turkey. Drilling revealed the presence of an extensive blanket of supergene copper mineralization underlying the oxide gold zones drilled to date. . .we continue to see the potential for the company to build a meaningful oxide gold resource at the K2 trend, where a resource at a similar scale to Alamos Gold Inc.'s Kirazli project could fetch more than US$50M in a potential acquisition. Pilot remains well funded with ~US$24M in the bank and all earn-in agreements to 60% in place for TV Tower."

Tara Hassan, Haywood Securities (1/21/14) "Pilot Gold Inc.'s latest TV Tower drill results show that K2 could contain much more than just a gold oxide system, with drilling highlighting four supergene copper mineralizations below the gold oxide and two copper-gold porphyry systems. . .the new developments drive home our view that the TV Tower property contains extensive mineralization and has the potential to host significant resources."

Joe Mazumdar, Canaccord Genuity (1/14/14) "Two key gold discoveries exist on Pilot Gold Inc.'s TV Tower project, KCD and Kayali/Karaayi (K2), each having returned significant mineralized intersections at depths potentially amenable to open-pit mining. Highlights from recent drilling (Jan. 2, 2014) at the K2 target included 0.80 g/t Au over 119.8m (KRD-03, Karaayi) and 1.96 g/t Au over 33.1m (KYD-51, Kayali)."

Jeff Killeen, CIBC World Markets (1/10/14) "Pilot Gold Inc.'s drilling and exploration work has mapped the K2 oxidized gold system across a broad 4km trend. The K2 trend will be a focus for the company at TV Tower in 2014, and we believe today's results continue to demonstrate the resource expansion potential of the project over the coming 12–18 months."

Tyron Breytenbach, Cormark Securities (1/10/14) "Pilot Gold Inc.'s proven management team is aggressively exploring its prospective projects in Turkey (TV Tower) and Nevada (Kinsley). We expect the large cash balance $24M and the existing discovery (Halilaga) to place a floor on the stock. The balance sheet and fair value for the large Halilaga deposit suggest the company is leveraged to future exploration success. . .Pilot stands out as one of the more cashed-up explorers in the current market, with three strong projects under exploration."

Tara Hassan, Haywood Securities (1/9/14) "The latest results at Pilot Gold Inc.'s TV Tower continue to demonstrate that it stands to be a multi-deposit project with the potential for significant scale. . .the company is cashed up to complete another sizable exploration program in 2014 and, we believe, it remains one of the most attractive exploration companies given its strong asset base, proven management team and potential for catalyst events."

Shane Nagle, National Bank Financial (1/9/14) "This morning, Pilot Gold Inc. reported assay results from additional drilling at both Kayali and Karaayi. . .highlights included: 0.8 g/t gold over 119.8m in KRD-03 at Karaayi. . .[and] 1.96 g/t Au over 33.1m in KYD-51 at Kayali. . .we continue to see the potential for the company to build a meaningful resource at K2."

The Gold Report Interview with Paolo Lostritto (1/8/14) "We cover several exploration/development companies that offer tremendous value, [such as] Pilot Gold Inc. These are phenomenal assets that deserve more attention than they're getting. They will have their day; slow and steady wins the race." More >

Jordan Roy-Byrne, The Daily Gold (1/5/14) "Pilot Gold Inc. is a company with great fundamentals. . .it has strong management, is well funded and has partners like Teck Resources Ltd. and Newmont Mining Corp. The chart is telling us that the stock could finally be in position for a good move. . .look to accumulate Pilot on any weakness in the coming days."

The Gold Report Interview with Ralph Aldis (12/18/13) "Pilot Gold Inc. had good results in Turkey and at Kinsley Mountain in Nevada, where one hole returned 8.53 g/t over 36m. With Pilot's overall portfolio, the company has a lot of flexibility to actually add some value. . .I am pretty pleased with Pilot." More >

The Mining Report Interview with Jeb Handwerger (12/10/13) "Pilot Gold Inc. has one of the top geologists who helped advance Long Canyon for Fronteer, Moira Smith. Pilot recently hit nice results from Kinsley Mountain. After selling Fronteer after the Newmont takeout, I just got back in and took an initial position after the good results. It's very impressive. Once this market turns, people are going to become aware that this may have the potential to be the next Long Canyon." More >

Bob Moriarty, 321 Gold (11/30/13) "Pilot Gold Inc. has continued to report excellent results this year, even as the share price has dropped, but it's not the company—in this market, all the weak hands throw in the towel. . .as of the end of September, Pilot had some $24M in cash and liquid assets, as well as one of the best management teams in the business."

Thibaut Lepouttre, Caesars Report (11/28/13) "Pilot Gold Inc. has announced excellent drill results from the Kinsley Mountain gold project. . .more than 1,300 holes have been drilled on the project, but hole PK091CA has returned the best intercept ever, as it intersected 8.5 g/t gold over more than 36m including 7.6m of almost 1 ounce of gold per ton of rock, which is phenomenal. . .it's becoming clear this project might very well be a district play."

Bob Moriarty, 321 Gold (11/20/13) "Pilot Gold Inc.'s Moira Smith and her team wanted to apply the Long Canyon model to Kinsley Mountain. . .proof of concept came in the form of a 36.6m intercept of 8.53 g/t gold. . .it was the single best intercept of over 1,300 drill holes drilled at Kinsley. I'd say the company and Moira Smith and her team just hit a giant home run."

Tyron Breytenbach, Cormark Securities (11/19/13) "Pilot Gold Inc.'s proven management team is aggressively exploring its prospective projects in Turkey (TV Tower) and Nevada (Kinsley). We expect the large cash balance ($24M) and the existing discovery (Halilaga) to place a floor on the stock. . .Pilot returned significant gold values from a previously untested limestone unit below the Candland Shale. . .Pilot stands out as one of the more cashed-up explorers in the current market with three exciting projects under exploration."

Morning Coffee (11/19/13) "Shares of Pilot Gold Inc. jumped after the company announced that the 2013 program returned the highest-grade intercept to date at the Kinsley Mountain project, 8.53 g/t Au over 36.6m, including 29.43 g/t Au over 7.6m in HQ core drill hole PK091CA. The most recent results from the Western Flank target, located 550m northwest of the past-producing pits at Kinsley, also expand the area of high-grade gold mineralization and demonstrate the potential for Kinsley to host significant high-grade gold mineralization."

Shane Nagle, National Bank Financial (11/18/13) "Pilot Gold Inc. released assay results from its Kinsley Mountain project in Nevada, including a headline intercept of 36.6m grading 8.53 g/t, representing the best hole in more than 1,300m drilled to date at the project. Drilling focused on the Western Flank target and has identified significant oxide/sulphide mineralization along a corridor spanning 500m north-south. . .our Outperform rating reflects the strength of PLG's exploration team, strong financial position and near-term exploration potential."

Tara Hassan, Haywood Securities (11/18/13) "Pilot Gold Inc. released drill results from its 2013, 20,000m drill program at Kinsley Mountain. . .the headline result of 8.53 g/t Au over 29m is the best result intercepted at Kinsley Mountain in more than 1,300 holds drilled to date. . .results from the Western Flank target, located 550m northwest of past-producing pits, expand the area of high-grade gold mineralization and demonstrate the potential for Kinsley to host significant high-grade gold mineralization."

Jeff Killeen, CIBC World Markets (11/18/13) "Pilot Gold Inc. reported today that its 2013 drill program at its Kinsley Mountain project returned the highest-grade intercept in more than 1,300 holes drilled to date, with hole PK091CA returning 8.53 g/t gold over 36.6m. . .overall, we believe today's results are positive as they support the company's expectations regarding the projects geology and potential upside."

Tyron Breytenbach, Cormark Securities (11/4/13) "The eagerly awaited results from Pilot Gold Inc.'s K2 prospect has confirmed a potentially bulk mineable target at the 4 km long gold anomaly. Importantly, the target is shallow, oxidized and of similar grade to the high-margin assets under development by Alamos Gold Inc. in Turkey."

Jeff Killeen, CIBC World Markets (11/4/13) "Pilot Gold Inc. has released initial drill results from the TV Tower joint venture project. . .highlight results include 0.4 g/t gold over 148m including 0.6 g/t over 81m in KYD-39 and 0.56 g/t over 52.5m in hole KYD-44, approximately 100m to the west. . .we believe results from Kayali add to the TV Tower growth potential over the longer term."

Thom Calandra, The Calandra Report (11/1/13) "Pilot Gold Inc. came in with assays from a second target at TV Tower in Turkey. . .the company is a good value at CA$0.90 in the stock market with $25M in treasury). . .Agi Dagi's deposit grades (Measured+ Indicated + Inferred) are 0.52 g/t Au and 3.44 g/t Ag; Kirazli (Measured+ Indicated + Inferred) is 0.69 g/t Au and 8.34 g/t Ag."

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