Vancouver, BC - Mountain Boy Minerals Ltd. (MTB:TSXV) and Pinnacle Mines Ltd. (PNL:TSXV) announce that exploration consisting of trenching and drilling is continuing on the Silver Coin Property, located 24 kilometers northwest of Stewart, BC, and is expected to last at least six or more weeks as weather conditions allow.
Exploration has identified numerous gold bearing structures within the project area and work is presently concentrating on the Perseverance zone. Visible gold has been identified in the eastern-most drill hole on the Perseverance zone. This is a newly identified zone that is in excess of 600 meters in strike length, exposed over a height of 300 meters and up to 25 meters in width. It has been defined by a trench below the Granduc road at an elevation of 640 meters and by DDH-04-31 at an elevation of 1000 meters approximately 600 meters east of the trench. In the trench area, the zone is up to 12 meters wide with stringers of massive pyrite, sphalerite, galena and chalcopyrite in black, crowded feldspar porphyry intrusive that has been brecciated and silicified with a strong quartz-pyrite stockwork. Select grab sampling within this zone has yielded up to 72 g/t gold.
Trenching on this zone has given the following values:
| Trench # | Width (m) | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) |
| 1 | 9.0 | 3.84 | 17.0 | 0.10 | 0.068 | 1.44 |
Drilling results at the face of massive sulphide portion of the vein are as follows:
| DDH | From | To | Width (m) | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) |
| 13 | 2.74 | 6.06 | 3.32 | 0.42 | 193.9 | 1.40 | 5.77 | 14.05 |
| 14,15 | Awaiting assays | |||||||
| 16 | 1.22 | 5.48 | 4.27 | 0.72 | 232.1 | 1.79 | 8.96 | 15.03 |
| 17 | 1.5 | 5.79 | 4.27 | 0.50 | 176.43 | 2.18 | 1.57 | 16.69 |
| 18 | 2.44 | 5.18 | 2.74 | 0.72 | 30.5 | 0.39 | 0.37 | 2.7. |
| 19, 20 | No significant results; | |||||||
| 21 | 3.65 | 8.99 | 5.33 | 0.50 | 155.6 | 1.386 | 2.77 | 13.34 |
| 22 | 3.65 | 9.15 | 5.49 | 0.58 | 104.4 | 0.96 | 0.79 | 8.54 |
| 23, 24 | No significant results; | |||||||
The above drilling was from the center of a 25-meter wide massive sulphide zone. The drilling was conducted in this manner due to the inability to construct drill pads in the immediate area of the massive sulphide. DDH 13-18 were drilled north from the center of the zone while DDH 21-22 were drilled south from the center of the zone. Due to the backfill on the pad, the center of the zone was not tested. Holes 19 and 20 were drilled down the fault zone while holes 23 and 24 were vertical holes and missed the zone.
The massive sulphide is exposed in a cliff face above the drill pad for a distance of at least 40 meters of strike length. Above this, the zone is obscured by vegetation. Numerous fault zones are present along the face of the massive sulphide.
A drill pad 30 meters above and 30 meters to the southeast of the massive sulphide intersected some of the massive sulphide and a gold zone in one of the holes. This drilling indicated that the massive sulphide zone plunged to the west along the Perseverance zone.
Drilling results from above the massive sulphide are as follows:
| DDH | From | To | Width (m) | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) |
| 25 | 34.2 | 38.66 | 4.46 | 0.45 | 33.5 | 0.34 | 0.03 | 1.64 |
| 25 | 44.82 | 47.86 | 3.05 | 31.68 | 33.6 | 0.37 | 0.115 | 1.4 |
| 26 | 30.5 | 36.5 | 6.0 | 0.55 | 71.9 | 0.66 | 0.14 | 5.61 |
| 27-30 | Awaiting assays | |||||||
Drilling results from the east edge of the Perseverance zone are as follows:
| DDH | From | To | Width (m) | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) |
| 31 | 87.5 | 101.5 | 14.02 | 11.65* | 22.0 | 0.03 | 1.00 | 1.17 |
| 32 | Awaiting assays | |||||||
The gold bearing intersection in DDH 31 is true width as DDH-31 was a minus 55-degree hole that intersected the gold bearing zone (dipping minus 35 degrees west) at right angles. The gold bearing intersection is within black crowded feldspar porphyry with similar sulphides to the trenched zone below the Granduc road. It is a blind zone with the upper intersections in the minus 45 and minus 50-degree holes indicating a widening of the intrusive from 15 meters in DDH 29 up to 34 meters in DDH 31. Since the mineralization and the width of the intrusive are both increasing at depth, the Companies plan to drill further holes in this area prior to testing below the Granduc road.
To date, the mapping program has indicated that mineralization on the western part of the Silver Coin project is related to intrusive dykes. There are numerous gold bearing zones in the immediate area of the Perseverance zone and two styles of mineralization on the property: high sulphide, base metal rich gold mineralization and low-sulphide gold rich mineralization. These are consistent with the two main types of mineralization at the nearby, former producing Silbak-Premier mine which produced 4.7 million tons that yielded approximately 1.8 million ounces gold, 41 million ounces silver, 4.2 million pounds copper, 62 million pounds lead and 20 million pounds zinc.
E. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the Companies. Drill core and trench samples are assayed by Assayers Canada of Vancouver, BC.
On behalf of the Board of Directors
| "Edward Kruchkowski” Director Mountain Boy Minerals Ltd. |
“Andrew W. Bowering” President and CEO Pinnacle Mines Ltd. |
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or the accuracy of the content of this news release.