Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
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.
