DRILLING UNDERWAY AT SILVER COIN
Pinnacle Mines Ltd. and Mountain Boy Minerals Ltd. report that the 2005 program of drilling and trenching on the Companys’ Silver Coin project in Northwest British Columbia is well underway.
The first drill setup was below the Granduc access road, down hill from last year’s drilling on the Perseverance zone, on a zone identified by a 1982 trench that yielded 12.1 grams/tonne gold, 222 grams/tonne silver, 1.46 % copper, 2.95 % lead and 8.19 % zinc over 11 meters. The zone consists of silicified trachyte mineralized with coarse pyrite, sphalerite, galena and chalcopyrite. Three attempts at drilling in this area failed to penetrate this zone due to bad ground. Drilling was from north toward the south. Drilling from the south toward the north was not possible due to an avalanche danger. This area will be followed up later in the year when the area is free of snow.
The second setup, DDH 2005-43, tested below DDH 2004-34 in order to determine potential depth, width and geometry of the mineralized zones outlined in the 2004 drilling. The mineralized zone was encountered at 79 metres and continued to 195 metres. The zone consists of breciated silicified trachyte volcanic tuffs and minor granodiorite, carrying variable amounts of sphalerite, galena, pyrite, chalcopyrite and in one location, minor visible gold. Drilling is now continuing with DDH 2005-44, collared 50 metres south of DDH 2005-43 and within the property boundary of the Kansas claim. The Companies anticipate drilling two holes from this location followed by drilling on 75 to 100 metre step-outs to the south and later to the north. (see attached map).
Trenching and drilling have defined these mineralized zones over a strike length of one kilometer and a vertical height of 250 metres. True widths of the zone are undefined but appear to be in excess of 50 metres. Historical data from the 1930s may indicate that the zone currently being drilled many extend a further 500 metres to the south. Assay results are pending.
Trenching has extended mineralization an additional 500 metres to the northwest of that previously outlined in the Facecut and 13/19 zones. Work indicates that these zones may be greater than 20 metres in width. Trenching is continuing it define the contacts of this mineralization under deep overburden.
E. Kruchkowski, P. Geo. is in charge of the exploration programs on behalf of the Company. Assayers Canada, an accredited laboratory conducts all assaying on behalf of the company.
The Silver Coin property shares many characteristics with the nearby 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 during the period 1918 to 1979.
Pinnacle Mines Ltd. is a Canadian based mineral exploration and development company whose activities are international in scope. 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.
For further information contact Andrew Bowering, President, at 604-922-7377 or visit Pinnacle’s website at http://www.pinnaclemines.com.
On behalf of the Board of Directors
“Andrew W. Bowering”
President and CEO
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