03:44 PM EST - Pilot Gold : announced the completion of a Preliminary Economic Assessment ("PEA") for the Halilaga copper-gold porphyry deposit in northwestern Turkey. Pilot Gold holds a 40% interest in Halilaga, with Teck Resources Limited's Turkish subsidiary, Teck Madencilik Sanayi Ticaret A.S. as its 60% joint venture partner and project operator. The PEA demonstrates the economic benefits from higher grades of copper and gold at surface and available infrastructure for mine development. Pre-tax NPV of $675 million, 26% IRR and 2.1-year payback ($1,200/oz gold, $2.90/lb copper); After-tax NPV of $474 million, 20% IRR and 2.7-year payback ($1,200/oz gold, $2.90/lb copper). Pilot Gold
shares T.PLG are trading down $0.02 at $1.75.
