DRILLING INDICATES HIGH GRADE ZINC-LEAD-SILVER ON THE BARBARA PROJECT (BA CLAIMS) WITH DDH-BA-3 INTERSECTING 2.80 METERS OF 5.82% ZINC AND 1.03% LEAD
Drilling Indicates High Grade Zinc-Lead-Silver on the Barbara Project (BA Claims) with DDH-BA-3 Intersecting 2.80 meters of 5.82% Zinc and 1.03% Lead
Stewart, BC Pinnacle Mines Ltd. and Mountain Boy Minerals Ltd. announce that the an initial drilling exploration program has intersected significant zinc-lead-silver values on the Barbara Project (BA Claims) which is located 30 km east of Stewart in the Skeena Mining Division.
Drilling is being conducted in order to test a volcanogenic massive sulphide (VMS) horizon found by Pinnacle geologists. The new mineralized zone is located in the upper parts of Bear Glacier within the same stratigraphic horizon as that which hosts the Eskay Creek deposit. Company geologists believe that the zone represents a portion of a Kuroko-type VMS system composed of an exhalite horizon with related zinc-lead-silver mineralization.
The main exhalite horizon is 40 to 50 meters wide and can be traced for over 1 kilometer of strike length. This mineralized horizon being drill tested is on the west limb of a syncline. Float sampling in 2005 found similar mineralization on the east limb of the syncline approximately 3 kilometers east of the horizon being tested.
Drilling has been completed in 10 holes off one pad in order to test the horizon in all directions. The drill is being moved to a second pad 100 meters west in order to complete 2 more holes. Upon completion of these holes, the drill will be moved 150 meters east of the first pad.
Drilling has intersected zinc mineralization in all holes with hole BA-9 having intersected 13 meters of massive to semi-massive sphalerite and galena mineralization. Drill hole BA-10 indicates that sphalerite mineralization extends into brecciated andesite underlying the felsic rocks hosting bedded and clast related sphalerite mineralization.
So far, assay results have been received for drill hole BA-3 only with results greater than 1% zinc listed in the table below.
DDH |
From |
To |
Width |
Ag |
Cu |
Pb |
Zn |
|
|
|
|
|
|
|
|
|
|
BA-3 |
6.40 |
7.10 |
0.70 |
65.0 |
0.014 |
1.67 |
1.89 |
|
and |
7.56 |
8.29 |
0.73 |
43.4 |
0.015 |
1.01 |
2.82 |
|
and |
11.58 |
13.41 |
1.83 |
76.5 |
0.014 |
0.46 |
4.31 |
|
and |
13.41 |
19.05 |
5.64 |
48.46 |
0.017 |
0.58 |
1.59 |
|
and |
20.73 |
24.60 |
3.87 |
95.76 |
0.026 |
1.13 |
2.03 |
|
and |
31.4 |
34.45 |
3.05 |
21.1 |
0.012 |
0.13 |
1.13 |
|
and |
36.22 |
39.04 |
2.82 |
48.72 |
0.049 |
1.03 |
5.82 |
|
Including |
36.22 |
36.74 |
0.52 |
51 |
0.074 |
2.14 |
20.9 |
Mountain Boy is drilling 800 meters as part of the agreement to acquire a 50-per-cent interest in Pinnacle's BA claims No. 1 to 10. As consideration for earning this interest, Mountain Boy will pay Pinnacle $45,000 as well as a 50-per-cent interest in its Stro claims No. 1 to 3, which are adjacent to the BA claims.
It is important to note that the acquisition/disposition agreement between Pinnacle, Mountain Boy and Ed Kruchkowski related to this group of claims is currently under review by the TSX Venture Exchange and the closure of which is subject to regulatory approval. As part of this agreement, Pinnacle agreed to pay Mr. Kruchkowski $4,000 cash and 150,000 shares of Pinnacle for his wholly-owned interest in BA claims 1 to 4.
Ed 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 with assets in Canada, China and Mexico. 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 focus is in Southeast Yunnan, an area being increasingly considered for its potential to host significant mineral resources including “Carlin” style gold deposits. In Mexico, Pinnacle recently entered into an option to acquire the Tuligtic property, a copper-gold target near Mexico City.
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 responsibility
for the adequacy or the accuracy of the content of this news release.