NEWS RELEASE
Vancouver, BC - Pinnacle Mines Ltd. and Mountain Boy Minerals Ltd. report that drilling continues to expand the Main Breccia Zone on the Silver Coin property in northern British Columbia. The zone has now been outlined over 500 meters of strike length by a series of drill holes trending approximately north south. A second line of holes is being drilled approximately 100 meters east of the first line to better define the dip, width and tenor of mineralization in the Main Breccia zone.
At present, there are 2 drills working to complete an additional 4000 meters of drilling prior to the onset of winter. The drilling is expected to continue for another 6 to 7 weeks. Equipment has been winterized and snow removal machinery has been positioned in order to provide access to the project in the event of any snow fall.
Assay results for drill holes DDH-2005-53 through DDH-2005-57 are attached, with assay data for 10 additional holes is pending.
Drill holes 53 and 54 were drilled off the same set up as DDH -2005-52. DDH -2005-53 was lost in badly broken ground prior to reaching the intended target. Drill holes 55 to 57 were drilled 26 meters north of 2005 -52, 53 and 54. Drill hole 55 was lost in a fracture near the hole collar. Drill hole 56 ended in strong mineralization reporting 3.35 meters grading 11.35 gpt gold, 44 gpt silver and 7.45% zinc. An attempt was made to re-enter the hole and continue drilling further into the zone, however fracturing and pinching precluded re-entry. This location will be re-drilled in the 2006 season from underground.
Assay results for DDH-2005 to 57 are as follows:
DDH # |
From |
To |
Width |
Gold |
Silver |
Copper |
Lead |
Zinc |
|
2005-53 |
Lost |
|||||||
|
2005-54 |
109.45 |
209.76 |
100.03 |
1.45 |
4.12 |
0.004 |
0.07 |
0.23 |
|
(incl.) |
133.84 |
139.84 |
6.1 |
2.22 |
3.13 |
0.003 |
0.03 |
0.11 |
|
(incl.) |
171.95 |
183.61 |
11.66 |
2.56 |
5.49 |
0.006 |
0.11 |
0.60 |
|
(incl.) |
203.96 |
209.76 |
5.8 |
7.4 |
7.44 |
0.001 |
0.22 |
0.27 |
|
2005-55 |
Lost |
|||||||
|
2005-56 |
41.5 |
43.02 |
1.52 |
2.61 |
16.2 |
0.052 |
0.28 |
1.58 |
|
and |
48.48 |
50.0 |
1.52 |
5.2 |
4.4 |
0.007 |
0.08 |
0.35 |
|
and |
85.06 |
135.37 |
50.31 |
1.5 |
5.0 |
0.005 |
0.078 |
0.20 |
|
and |
181.1 |
207.01 |
26.91 |
2.6 |
10.6 |
0.03 |
0.22 |
1.21 |
|
(incl.) |
203.66 |
207.01 |
3.35 |
11.35 |
44.18 |
0.17 |
0.70 |
7.46 |
|
2005-57 |
36.28 |
37.8 |
1.52 |
2.46 |
10.3 |
0.03 |
0.33 |
1.05 |
|
and |
40.85 |
42.38 |
1.52 |
10.61 |
40.5 |
0.129 |
1.47 |
1.85 |
|
and |
109.45 |
121.65 |
12.2 |
1.7 |
5.0 |
0.008 |
0.04 |
0.2 |
|
and |
165.85 |
179.57 |
13.68 |
1.33 |
4.5 |
0.005 |
0.07 |
0.19 |
|
and |
205.49 |
207.01 |
1.52 |
2.6 |
5.7 |
0.006 |
0.15 |
0.57 |
|
and |
211.89 |
212.8 |
0.91 |
14.2 |
102 |
0.23 |
2.98 |
2.56 |
Mineralization in the Main Breccia, Perseverance, and other mineralized structures on the Silver Coin property is similar to ore from the nearby and former producing Silbak-Premier mine, which produced 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.
The Silver Coin property is strategically situated 24 kilometers north of Stewart on the Granduc road. The infrastructure in the area is excellent with good roads, power and water.
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
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for the adequacy or the accuracy of the content of this news release.