PINNACLE MINES HITS MORE HIGH-GRADE GOLD AT SILVER COIN PROPERTY INCLUDING 3 METRES OF 56.6 GRAMS PER TONNE GOLD
Pinnacle Mines Ltd. and Mountain Boy Minerals Ltd. report that drill results from recently drilled holes on the Silver Coin project continue to extend the Perseverance-Kansas zone discovery.
DDH 2005-45,46 and 47 were drilled on the Kansas claim along the strike of the Perseverance-Kansas zone. DDH-45 at -70˚ had one intersection of 33.44 meters grading 3.03 grams per tonne of gold (see table below). DDH 2005-46 at -60˚ had an intersection of 3.05 meters grading 56.6 grams per tonne (see table below) and DDH 2005-47 at -60˚ had an intersection of 38.72 meters grading 1.83 grams per tonne (see table below). Pinnacle and Mountain Boy can earn up to a 70% interest in the Kansas claim from Tenajon Resources Corp.
DDH 2005-45 was drilled on the Kansas claim from the same location as DDH 2004-44 (see news release dated June 15, 2005). DDH-46 was collared 50 meters south of the location of DDH 2005-44 and 45. DDH-47 was collared 25 meters south of DDH 2005-44 and 45 and 25 meters north of DDH 2005-46.
|
From |
To |
Width |
Au |
Ag |
Cu |
Pb |
Zn | |
|
DDH # |
meters |
meters |
meters |
g/t |
g/t |
% |
% |
% |
|
2005-45 |
64.79 |
97.26 |
33.44 |
3.03 |
8.25 |
0.017 |
0.265 |
0.57 |
|
-70˚ |
107.93 |
109.45 |
1.52 |
1.76 |
63.5 |
0.273 |
2.74 |
1.63 |
|
124.7 |
124.75 |
3.05 |
3.74 |
7.9 |
0.02 |
0.04 |
0.11 | |
|
139.09 |
149.09 |
9.98 |
1.57 |
8.3 |
0.017 |
0.185 |
0.35 | |
|
2005-46 |
100.3 |
103.45 |
3.05 |
56.6 |
33.5 |
0.003 |
0.02 |
0.01 |
|
-60˚ |
||||||||
|
2005-47 |
92.68 |
98.78 |
6.08 |
3.21 |
6.3 |
0.002 |
0.05 |
0.22 |
|
-60˚ |
136.13 |
137.5 |
1.37 |
7.01 |
11.6 |
0.018 |
0.12 |
1.12 |
|
144.82 |
185.67 |
38.72 |
1.83 |
4.35 |
0.008 |
0.079 |
0.23 | |
These drill holes extend the known mineralized zone a further 50 metres to the south. Pinnacle Mines and partner Mountain Boy Minerals are now drilling on the Silver Coin claim, 75 metres north of last years DDH 2004-37 and 38.
Drilling is continuing on 50 to 75 metre centers along the projected strike of the Perseverance-Kansas zones. Assays are pending for DDH 2005-48 through 50. Trenching and additional surface work is also being completed on numerous other zones in the mineralized corridor. Based on trenching to date, the zone appears to have a minimum strike length of 1.1 kilometers and a vertical height of 270 metres.
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.
Assay results from drill holes are released when received from Assayers Canada and the assay data has been through internal validation of quality assurance and quality control. Pinnacle Mines has established a sampling and assay control program with blind insertion of assay standards; noting that there is also an internal quality control and quality assurance program in place at Assayers Canada that includes blanks, duplicates and standards.
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 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.
For further information contact Andrew Bowering, President, at 604-688-7377 or visit Pinnacle’s website at http://www.pinnaclemines.com.
On behalf of the Board of Directors
“Andrew W. Bowering”
President and CEO
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.