Pilot Gold Inc. reported that metallic screen assaying of the previously reported hole KCD-50 is complete, and shows that the average grade for a high-grade 12.0-metre-long interval increased by 17.5%. Metallic screen assaying returned 227 grams per tonne gold (g/t Au) over 12.0 metres while conventional fire assay results for the interval returned 193 g/t Au over the same 12.0 metres. The near-perpendicular orientation of the gold-bearing veins in this intercept relative to the hole orientation suggest this intercept may reflect the approximate true width of the zone.

The interval lies within a newly recognized stratiform zone of mineralization that may have significant dimensions. Assays recently reported from holes KCD-72, KCD-80, KCD-83 and KCD-85 reveal that the high gold grades in KCD-50 are not isolated. The recently announced holes, with grades such as 6.59 g/t Au over 34.2 metres in KCD-80 and 7.08 g/t Au over 17.0 metres in KCD-72, demonstrate continuity and suggest that a zone of high gold grades extends continuously over a total distance of more than 100 metres.

Metallic screen assaying is typically employed to better quantify the gold endowment in very high-grade samples, particularly where significant visible coarse gold is present, as was the case with KCD-50. This process involves the use of a large sample of material, as approximately 500 grams are pulverized and screened. Two splits of the fine fraction are assayed, as well as all material that does not pass through the screen (the coarse fraction).

The final gold assay reported is a weighted average of the coarse and fine fractions. Gold assays using this method are typically more representative of the total gold endowment than conventional assays due to use of a larger sample size, assaying of more sample splits, and better representation of the coarse gold fraction as a proportion of the whole sample.