Turkey

Since 2004, the team comprising Pilot Gold has played a key role in establishing the prospectivity and gold endowment of the Biga District in northwestern Turkey, including defining the Agi Dagi and Kirazli gold deposits.

The Biga District is a region that boasts excellent infrastructure, including paved roads, power lines and proximity to a major port. It is rapidly becoming a go-to region for gold exploration.

Turkey has a rich mining history and is quickly becoming an emerging gold producer. The country has permitted five gold mines between 2005 and 2011—more than Quebec and Nevada during the same time period. Yet, Turkey remains highly prospective and under explored— the estimated current gold endowment is approximately 34 million ounces, with three quarters of that amount identified in the last 10 years.

Pilot Gold is advancing two properties in the Biga District that have significant growth potential: TV Tower and Halilaga.

Teck Resources Limited's Turkish subsidiary ("TMST") is Pilot Gold's 60% joint venture partner for both projects. Pilot Gold is currently earning-in to a 60% interest at TV Tower.