NEWS RELEASE
Vancouver, BC - Pinnacle Mines Ltd. reports that during September field crews conducted an exploration program consisting of reconnaissance mapping and prospecting on its wholly owned Surprise Creek property, east of Stewart, British Columbia. The regional prospecting program was wide spaced and several areas of interest were identified. Three areas of importance have been isolated for a more detailed follow-up program in 2004. These include:
1. An area containing a field of siliceous boulders up to 2 metres in diameter. Several grab samples were anomalous in copper, zinc and silver with individual samples running as high as 2.8% copper, 4.8 % zinc and 213 grams/tonne (g/t) silver.
2. An area containing a field of boulders up to 0.5 metres in diameter. The boulders are a black argillite with 25% quartz stockwork containing a fine grained black sulphide with abundant green staining indicating possible arsenopyrite. Grab samples ranged from background to 3076.8 g/t silver.
3. An area containing boulders up to 2 metres in diameter consisting of up to 50% quartz stockwork in altered andesite, individual veins contain coarse pyrrhotite, chalcopyrite, arsenopyrite and pyrite. Values range from 0.08 g/t to 13.02 g/t gold and silver up to 371.2 g/t.
The Surprise Creek property is roughly 15,000 hectares within three separate claim groups. The property follows the contact zone between the Mt. Dilworth rhyolite and overlying Salmon River sedimentary formations, the same stratigraphic sequence that is host to numerous gold deposits including Eskay Creek, Snip and Premier-Big Missouri mines. The rhyolite horizon was traced along the entire north-south length of the Surprise Creek claim group. The property also adjoins Teuton Resource’s Del Norte property to the north and south, where drilling is confirming a significant new gold-silver discovery.
The 2003 program was carried out under the direction of Edward Kruchkowski, P. Geo., a qualified person under National Instrument 43-101. Mr. Kruchkowski has 30 years of experience exploring the Stewart region. Acme Analytical Laboratories Ltd. of Vancouver, BC, an accredited facility, performed all of the analyses. Copper and zinc values presented above were taken from ICP analysis and should be considered semi-quantitative only. Silver values were obtained using standard assay practices.
During the 2003 season, the Company acquired 40 claims units by staking an area covering several old reverted crown grants in the Bear River pass, near the Teuton discovery. Renamed the El Dorado, this property has had very little exploration in the last 30 years and sporadic work efforts since the early 1900s. There has been considerable tunnelling on the property but no documented drilling. BC Minister of Mines Annual Reports over several decades document numerous gold and silver showings. In 1928, a sample across 1.5 metres, from a cut 27 metres above the Frenchman Tunnel, assayed 27.4 g/t gold, 68.6 g/t silver and 2.3% copper. A 1946 report indicates several silver-rich boulders assaying up to10.3 g/t gold and 5,136 g/t silver were located but their source was not found. The Company anticipates conducting an exploration program on the El Dorada property during 2004.
The Company also reports that Andrew Bowering has been appointed to the Board of Directors. Mr. Bowering has been involved in the venture capital and mineral exploration industry for over 15 years, having served as an officer and director of several public companies. In addition Mr. Bowering will become President of the Company, while Paul Saxton, the current President, will become Chairman of the Board.
On behalf of the Board
"Andrew Bowering"
President
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