2006 - SILVER MINERALIZATION TO BE EXPLORED ON THE FR PROPERTY
Vancouver, BC - Pinnacle Mines Ltd. and Mountain Boy Minerals Ltd. announce that a 2006 exploration program has been scheduled for the third quarter of 2006 on the FR property. The program will include trenching, geochemical surveys and drilling. The FR is a silver-base metal property located about 42 kilometers north of Stewart, British Columbia in the Skeena Mining Division
The property has VMS type zinc-silver-lead mineralization within barite as well as replacement type barite-zinc-silver-lead mineralization. VMS type boulders have yielded up to 31 % zinc with 200 340 g/t silver. Best assays in the replacement zone yielded 264.65 g/t silver over 18.3 meters of chip-line. Approximately 1 kilometer from the 18.3 meter chip-line zones of barite and carbonate up to 10 meters wide have given assays varying from 7 to 15 oz/ton silver. Pyritic, chlorite altered andesite in close proximity to the barite has yielded up to 7 oz/to silver in several grab samples. The replacement type mineralization appears associated with barite and carbonate outcrops that strike for several kilometers.
Three other showings, the Virginia K, Moonlight and Liliane also occur on the property. The No. 2 vein on the Virginia K is described as being southeast striking and about 3.7 metres wide. A chip sample assayed 9.6 grams per tonne gold, 1,522.3 grams per tonne silver and 8.01 per cent lead across 3.7 metres (Minister of Mines Annual Report 1931, p. 44). The Moonlight showing consists of a 7 meter wide mineral zone exposed over a strike length of 25 meters. It consists of massive galena, sphalerite, tetrahedrite, argentite and pyrite over 0.4 meters of width along the hanging wall with sheared, fractured and pyritized rocks below it. Samples from the massive mineralization yielded up to 36 % Pb, 9 % Zn, 226 oz/t Ag, and 0.10 oz/to Au. The Liliane showing consists of several quartz veins up to 1 meter wide along 100 meters of exposed strike length containing manganiferous siderite, galena, sphalerite, chalcopyrite and pyrite. Limited drilling in 1988 gave up to 1.98 meters of 0.13 oz/to Au, 8.8 oz/to Ag, 0.33 % Cu, 0.104 % Pb and 0.06 % Zn in DDH 88-4.
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 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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