Pilot Gold Completes 60% Earn-In at TV Tower
Majority Owner and Operator of District Scale Project in NW Turkey
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 20, 2015) - Pilot Gold Inc. (TSX:PLG) ("Pilot Gold" or the "Company") is pleased to announce that it has earned a 60% interest in the TV Tower project in northwest Turkey. TV Tower is a joint venture between Pilot Gold (60%) and Teck Madencilik Sanayi Ticaret A.S. ("Teck") (40%), a Turkish subsidiary of Teck Resources Limited. Pilot Gold is project operator at TV Tower and completed its earn-in through sole funding of exploration over a two-and-a-half-year period.
The TV Tower project has delivered six gold, silver and copper-gold discoveries over the past four years, and hosts numerous untested targets. The Company expects to begin the 2015 program shortly. With its joint venture partner now funding its pro-rata share of the exploration budget, the Company expects to complete significantly more drilling at a lower overall cost to Pilot Gold.
"The completion of our earn-in at TV Tower is a milestone in the evolution of Pilot Gold. Over the past 2 1/2 years we've created significant value at TV Tower while moving towards 60% ownership," stated Matt Lennox-King, President & CEO of Pilot Gold. "We look forward to building on our recent discoveries with our partner Teck and continuing to establish TV Tower as a strategic asset in an emerging copper-gold district"..
Quelle: pilotgold.com
Quelle: pilotgold.com
Quelle: pilotgold.com
Quelle: stockwatch.com
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