EXPLORATION DETAILS FOR INDI CLAIMS
Stewart, BC - Pinnacle Mines Ltd., Mountain Boy Minerals Ltd. and New Cantech Ventures Inc. report that the 2006 program on the INDI claims, part of the Silver Coin project, will begin in early May subject to the approval of a Notice of Work by the British Columbia Ministry of Energy and Mines.
As per an agreement dated March 26, 2004 between Mountain Boy and New Cantech, Mountain Boy and Pinnacle hold a 55% interest (26.95%/28.05% respectively) in the INDI claims with New Cantech holding the remaining 45%. The claims are part of the Dauntless project which is west of the Silver Coin group of claims.
The 2006 program on the INDI claims will include drilling, continued geochemistry and trenching to further define mineralized zones. Drilling will include at least 2000 meters in approximately 12 holes with nine holes to test the downdip extent of the Perseverance and Main Breccia zone in the Dan Hill/Dauntless Hill area. Initial drilling will start just west of DDH-2005-74 and test the full Dan zone near surface and continue east to test the Main Breccia at depth. Two holes (DDH-2006-92 and 93) will be drilled off this set-up, one at minus 45 degrees and one at minus 60 degrees. The second set-up which will also include 2 holes (DDH-2006-94 and 95) will be drilled 50 meters south of DDH-2006-92 and 93. Results for DDH-2005-64 and 74 are as follows:
| DDH | From | To | Width | Au | Ag | Cu | Pb | Zn | |||||||
| (m) | (m) | (m) | g/t | g/t | % | % | % | ||||||||
| 2005-64 | 5.73 | 32.77 | 27.04 | 3.07 | 22.06 | 0.05 | 0.67 | 1.17 | |||||||
| and | 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 | 8.84 | 32.01 | 23.17 | 3.76 | 5.91 | 0.01 | 0.12 | 0.3 | |||||||
| and | 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 | |||||||
Three deep holes will be drilled around the Dauntless Hill area on the INDI claim where sampling has indicated gold values associated with mineralized trachyte. These holes would test the Dauntless zone and downdip extensions of the Perseverance and Main Breccia zone.
Trenching will concentrate on the copper-silver bearing dyke which has yielded 1.49 g/t Au, 1302 g/t Ag, 8.91% Cu, 0.45% Pb and 1.51% Zn from float sampling in an overburden covered area. In 2005 select grab samples out of this zone indicated up to 1.16 g/t Au, 1012 g/t Ag, 3.44% Cu, 5.74% Pb and 11.7% Zn.
E. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the companies. All core, which is logged and stored in Stewart, is split evenly using diamond saws with one half sent to the laboratory and the other half retained for further studies. Sample intervals are determined by mineralization but generally are 1.52 meters in mineralization and 3.05 meters in wall rock sections. A check sampling program using standards and blanks will be utilized by the companies. Assayers Canada of Vancouver, BC, an accredited laboratory, conducts all assaying on behalf of the companies.
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 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 responbility
for the adequacy or the accuracy of the content of this news release.