UPDATE ON INDI CLAIMS - SILVER COIN PROJECT, STEWART, BC
Vancouver, BC Pinnacle Mines Ltd, Mountain Boy Minerals Ltd and New Cantech Ventures Ltd. announce that a 2006 exploration program has been scheduled for the Indi claims. The companies report that exploration will follow-up on intersections in DDH -2005-64 and 74. These holes were drilled from east to west in the course of testing the Dan zone which is near the top of each hole. The holes gave the following values.
DDH |
From |
To |
Width |
Au |
Ag |
Cu |
Pb |
Zn |
|
2005-64 |
94.21 |
98.02 |
2.44 |
1.74 |
1.7 |
0.004 |
0.03 |
0.2 |
|
and |
203.96 |
207.01 |
3.05 |
1.92 |
6.1 |
0.011 |
0.05 |
0.14 |
|
2005-74 |
59.45 |
60.88 |
1.43 |
2.49 |
93.4 |
0.002 |
0.01 |
0.01 |
|
and |
65.24 |
66.92 |
1.68 |
1.32 |
17.2 |
0.003 |
0.01 |
0.01 |
|
and |
174.39 |
178.35 |
3.96 |
7.76 |
6.8 |
0.004 |
0.05 |
0.15 |
The deepest intersection in DDH-2005-74 appears to be the down dip extension of a surface zone that gave 2 g/t Au across 8 meters in a surface trench. This would indicate a dip extent of at least 120 meters for this mineralized structure.
In addition the companies plan to evaluate a granodiorite dyke that contains a flat lying ladder quartz-sulphide vein stockwork that has been traced for over one kilometer. Chalcopyrite and pyrite with lesser amounts of tetrahedrite, sphalerite and galena form stringers, veinlets and pods within the quartz. Selective grab sampling of the mineralization in 2004 yielded assays up to 1.49 g/t Au, 1302 g/t Ag, 8.91 % Cu, 0.45 % Pb and 1.51 % Zn. In 2005, selective grab sampling along the structure, one kilometer from the 2004 sampling, gave assays up to 1.06 g/t Au, 1012 g/t Ag, 3.19 % Cu, 2.29 % Pb and 7.90 % Zn. Exploration along this mineralized structure will include trenching, geochemical surveys and if warranted, diamond drilling.
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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