Liberty Gold Corp (LGDTF)

[investor15]

Expert Comments: Pilot Gold.

Theaureport.com

Joe Mazumdar, Canaccord Genuity (10/7/13) "In the Biga District of Turkey, Pilot Gold Inc. has been drilling at the KCD project on the northeastern part of its now 90-sq-km land package, and anticipates more drill results over the next six weeks followed by a December 2013 resource update. KCD is a multiple mineralized system hosted in volcanics and volcano-sediments that appears to be closed off at depth by a low angle, normal fault. . .of interest is the southern part of the district (Karaayi). . .the area centered on potential oxidized, high-sulphidation gold mineralization that present targets amenable to low-strip, open-pit mining and heap-leach processing."

Tara Hassan, Haywood Securities (10/4/13) "Pilot Gold Inc. reported results from its 30,000m 2013 drill program at its TV Tower project in Turkey. . .today's results from TV Tower continue to deliver excellent intersections from the silver and recently discovered oxide gold zones, extending the zones. The new zone of oxide mineralization overlies the silver zone and could have important implications for a future production scenario at KCD as it could provide an early, low-cost cash flow opportunity. . .considering the potential for Pilot's projects and its strong cash position, which will fund exploration through 2014, we continue to expect the company to outperform its peer group."

Tara Hassan, Haywood Securities (10/4/13) "Results from Pilot Gold Inc.'s TV Tower project continue to deliver excellent intersections from the silver and recently discovered oxide gold zones, extending both. The new zone of oxide mineralization overlies the silver zone and could have important implications for a future production scenario at KCD, as it could provide an early, low-cost cash flow opportunity. . .considering the potential for Pilot's projects and its strong cash position that will fund exploration through 2014, we continue to expect the company to outperform its peer group."


Jeff Killeen, CIBC World Markets (10/4/13) "Pilot Gold Inc. has reported drilling results from the KCD target of its TV Tower project located in Turkey. Drilling was successful in expanding the silver zone to approximately 600m by 650m, and extended the recently discovered oxide gold zone down dip over 200m to the northeast, with both zones remaining open to the north. . .Pilot's 2013 drilling program at the KCD Target has shown continuing expansion of mineralization, while defining both a new silver and gold oxide zone. . .we believe that further upside exists at the property and we expect it will be defined during 2014."

The Gold Report Interview with Bob Moriarty (10/2/13) "I went to see a project I first visited 12 years ago called Kinsley Mountain, owned by Pilot Gold Inc. It was first put into production in 1994 and went out of production in 1999. Kinsley Mountain is one of those projects that may be a Long Canyon–type project—which would be 2, 5, even 10 Moz—or not. Even if it's not a Long Canyon, it would still be 500 Koz, and could still sell. It won't cost Pilot Gold anything to drill, because it can recover the money. Pilot's management team is the best in the industry, with most members coming from Fronteer Gold. When Newmont Mining Corp. bought Fronteer out for $2.3B, it was an absolute homerun for shareholders. Pilot is doing the same thing. You're buying at a 60% discount to what it was nine months ago.

"A year ago, I visited Pilot Gold's projects in Turkey. One is a copper-gold porphyry; the other is a gold-silver epithermal system. Both were very attractive and had great technical success and great drill results. It's important for your readers to understand that the decline in shares since January has not been rational. Nor has it been manipulation or shorting. It's been hedge funds and gold mutual funds being forced to sell shares. Often, they sold the best projects just because they could. They needed cash and sold everything they could to raise it. . .the company's joint venture with Teck Resources on the big porphyry project in Turkey is in a holding pattern. It's not attractive at $3/pound copper, but it's very attractive at $4/lb copper. The company is drilling the heck out of the TV Tower project and Kinsley Mountain. It has plenty of cash and an incredible ability to raise money." More >

more comments

http://www.theaureport.com/pub/co/3777#quote