Brief: Pilot Gold enters exploration project option agreement with Logan Resources

Intrepid Metals

07/07/2016 17:59

July 7 (Reuters) - Pilot Gold Inc  PLG.TO : 
    * Pilot Gold enters exploration project option agreement 
with Logan Resources 
    * Before closing of deal, will complete non-brokered private 
placement in order to fund initial exploration, holding and 
development costs 
    * Signed option agreement with logan resources under which 
logan may earn up to 80 pct interest in up to 4 of its 9 great 
basin properties 
    * Logan may earn an initial 51 pct interest in 4 of 9 
properties 
    * Logan may earn an additional 19 percent interest in 4 
selected properties by incurring an additional US$2 million in 
exploration expenditures 
 
Source text for Eikon:  ID:nMKWq3zja  
Further company coverage:  PLG.TO  
 
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