DRILLING CONTINUES TO EXTEND MAIN ZONES
Vancouver, BC Pinnacle Mines Ltd., Mountain Boy Minerals Ltd. and Tenajon Resources Ltd. announce assay results from the final drill holes that tested the south and north extension of the Main Breccia Zone on the Silver Coin property near Stewart, BC. 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.
The results from drill holes DDH-2005-67 and DDH-2005-80 through DDH-2005-89 continue to extend the mineralization of the Main Breccia and Dan Zones. Holes DDH-2005-67, DDH-2005-80 through DDH-2005-83, DDH-2005-87 and DDH-2005-88 are on the Kansas Clain, with the remaining holes on the Big Missouri claim. Holes that are not reported have no significant mineralization.
Results are as follows:
DDH # |
From |
To |
Interval |
Au |
Ag |
Cu |
Pb |
Zn |
|
|
meters |
meters |
meters |
g/t |
g/t |
% |
% |
% |
|
Dan |
Zone |
|||||||
|
2005-67 |
5.79 |
19.51 |
13.72 |
3.05 |
30.11 |
0.111 |
0.98 |
1.52 |
|
Main |
Zone |
|||||||
|
2005-80 |
101.4 |
120.12 |
18.72 |
3.17 |
7.98 |
0.016 |
0.22 |
0.70 |
|
2005-81 |
14.88 |
17.07 |
2.2 |
2.94 |
7.5 |
0.003 |
0.280 |
0.27 |
|
Main |
Zone |
|||||||
|
2005-82 |
52.44 |
58.54 |
6.1 |
4.31 |
31.16 |
0.112 |
0.86 |
1.86 |
|
2005-83 |
No |
Significant |
Mineralization |
|||||
|
Dan |
Zone |
|||||||
|
2005-87 |
99.1 |
108.23 |
9.15 |
3.09 |
3.4 |
0.008 |
0.08 |
0.41 |
|
Main |
Zone |
|||||||
|
2005-88 |
54.57 |
57.62 |
3.05 |
3.06 |
3.50 |
0.007 |
0.02 |
0.06 |
|
Main |
Zone |
|||||||
|
2005-89 |
17.99 |
24.09 |
6.1 |
4.3 |
5.2 |
.0.009 |
0.14 |
0.49 |
|
and |
30.79 |
42.38 |
11.59 |
9.98 |
59.68 |
029 |
0.35 |
3.78 |
Based on exploration to date, the overall strike length of the mineralized zones as indicated by trenching and drilling is 2000 meters with a vertical height of 700 meters and widths varying from 10 to 100 meters.
The Kansas claim is the subject of an option/joint venture with Tenajon Resources Ltd., pursuant to which Pinnacle and Mountain Boy are earning a 60% interest through the expenditure of $1,000,000 on exploration over four years. The Companies can jointly earn a 70 per cent interest in the Kansas claim by exercising an option to deliver a feasibility study within four years of earning the initial 60%.
The Main Breccia Zone mineralization is typified by an early stage of pervasive sericite-pyrite-quartz alteration; a main stage of quartz stockworks, breccias and silicification carrying gold associated with disseminated pyrite, sphalerite, galena and chalcopyrite; and a late stage of semi-massive sulphide pods carrying significant base metal values Mineralization 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.
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.
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.