Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Elko Country, Nevada. Source: Wikicommons
Pilot Gold Inc. (TSE: PLG) said Thursday it is resuming its $6 million, 25,600-metre program at Kinsley Mountain, Nevada.
The Vancouver-based exploration company, which holds a 79% stake in the Elko Country-based project, has shown strong results from its winter program.
“The high-grade mineralization at the Western Flank discovery remains wide open and we look forward to growing this zone and testing other high potential targets across the property,” said Matt Lennox-King, president and CEO in a statement.
Pilot Gold was created in 2011 as a part of Newmont Mining Corporation’s acquisition of Fronteer Gold Inc.
The remaining 21,370-metres in the 2014 drill program, said the junior company, will focus on step out drilling around the high-grade mineralization in the Western Flank target, located 550 metres northwest of the past -producing pits at Kinsley, as well as other high conviction targets across the property.
