HOLE 37 INTERSECTS SIGNIFICANT GOLD AND BASE METAL MINERALIZATION AT SILVER COIN IN THE ESKAY CREEK REGION, BRITISH COLUMBIA
Pinnacle Mines Ltd. reports that further drilling along strike continues to expand the Perseverance zone discovery on the Silver Coin Property, located 24 kilometers northwest of Stewart, BC, which is a full deep sea port with concentrate load-out facilities. Diamond Drill Hole 37 was drilled approximately 15 meters northwest along strike of DDH 34 which intersected multiple polymetallic zones including 11.3 g/t gold over 21.3 meters ( 0.3 ounces per ton over 70 feet) and down dip of DDH 36 which intersected 17.8 meters of 11.85 gpt gold. Results from DDH #37 are as follows:| DDH | From | To | Width(m) | Au (g/t) | Ag (g/t) | Cu (%) | Pb(%) | Zn (%) |
| #37 | 89.0m | 113.4m | 24.4 | 5.15 | 42.0 | 0.12 | 1.73 | 2.58 |
Hole 37 also contains another intersection, 4.6 meters in width, assaying 3.7 gpt gold. Drilling to date indicates that the zone is open along strike and to depth. Drilling also indicates that the zone is widening with depth.
Mineralization in the Perseverance Zone and other mineralized structures at Silver Coin is 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.
Pinnacle Mines Ltd. is earning up to a 51% of Mountain Boy’s interest in its 100% owned Silver Coin, 55% owned Dauntless projects, and the 100% owned FR claims by spending $1.75 million on exploration over a 3 year period. In addition, Pinnacle has the right to earn an additional 9% in the projects by bringing one of the projects to production.
Pinnacle Mines Ltd. is a Canadian based mineral exploration and development company whose activities are international in scope. Its primary assets are located in both Canada and China. In Canada, Pinnacle holds several properties in Northwestern British Columbia, in proximity to numerous past and producing mines including the Silbak-Premier Mine and Barrick Gold’s famed Eskay Creek Mine. In China, Pinnacle’s current focus is in Southeast Yunnan, an area being increasingly considered for its potential to host significant mineral resources including “Carlin” style gold deposits.
On behalf of the Board of Directors
“Andrew W. Bowering”
President and CEO
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