MORE HIGH-GRADE INTERSECTIONS ON SILVER COIN
Stewart, BC Pinnacle Mines Ltd., Mountain Boy Minerals Ltd. and Tenajon Resources Corp. announce that assays have been received for an additional 15 holes from the 2006 exploration program and several holes have intersected more high-grade gold and silver values in the Main Breccia zone of the Silver Coin property. Silver Coin is a gold-silver-base metal property located approximately 24 kilometers north of Stewart, British Columbia in the Skeena Mining Division.
During the 2006 exploration season, 24,206 meters of drilling was completed in 115 holes on the property area. Work has indicated that the Main Breccia zone is open along strike to the south and north of the current drilling.
Of the 115 holes drilled, assays have now been received for 68 holes. Core splitting and logging of all remaining driIl holes has recently been completed. It is expected the Company will have assays from the remaining 47 holes during the next 4 weeks and will issue the results as they are received. The table below lists results from the most recent assays. Hole 171 had no significant assays even though the Main Breccia was intersected. Hole 177 was lost before the Main Breccia was intersected.
DDH |
From |
To |
Width |
Au |
Ag |
Cu |
Pb |
Zn |
CLAIM TESTED |
|
|
|
|
|
|
|
|
|
|
|
|
2006-164 |
37.5 |
38.57 |
1.07 |
16.54 |
16.6 |
0.004 |
0.06 |
0.42 |
Big Missouri |
|
and |
92.07 |
93.60 |
1.53 |
1.06 |
15.4 |
0.017 |
0.26 |
0.62 |
Big Missouri |
|
and |
99.70 |
101.22 |
1.52 |
1.79 |
88.4 |
0.007 |
0.32 |
0.39 |
Big Missouri |
|
2006-165 |
51.83 |
56.40 |
4.57 |
1.79 |
13.2 |
0.011 |
0.25 |
0.74 |
Big Missouri |
|
and |
63.11 |
73.63 |
10.52 |
2.70 |
17.79 |
0.026 |
0.26 |
0.81 |
Big Missouri |
|
and |
98.17 |
99.09 |
0.92 |
1.99 |
18.4 |
0.012 |
0.06 |
0.20 |
Big Missouri |
|
and |
104.27 |
105.79 |
1.52 |
1.3 |
8.4 |
0.009 |
0.07 |
0.16 |
Big Missouri |
|
2006-166 |
113.41 |
116.46 |
3.05 |
1.06 |
11.2 |
0.016 |
0.38 |
1.23 |
Big Missouri |
|
2006-167 |
85.98 |
87.50 |
1.52 |
2.45 |
9.4 |
0.016 |
0.07 |
0.24 |
Kansas |
|
and |
90.55 |
92.07 |
1.52 |
1.36 |
5.7 |
0.008 |
0.03 |
0.12 |
Kansas |
|
and |
136.89 |
142.99 |
6.10 |
11.83 |
35.43 |
0.02 |
0.27 |
0.44 |
Kansas |
|
including |
141.46 |
142.99 |
1.53 |
41.1 |
103.3 |
0.077 |
0.72 |
1.24 |
Kansas |
|
and |
156.1 |
164.18 |
8.08 |
2.94 |
18.1 |
0.022 |
0.37 |
0.88 |
Kansas |
|
2006-168 |
23.48 |
26.52 |
3.04 |
1.19 |
5.5 |
0.008 |
0.06 |
0.25 |
Kansas |
|
and |
44.82 |
46.34 |
1.52 |
5.3 |
10.1 |
0.028 |
0.25 |
0.36 |
Kansas |
|
and |
59.30 |
60.67 |
1.37 |
11.2 |
0.016 |
0.38 |
1.23 |
Kansas | |
|
and |
108.84 |
111.89 |
3.05 |
2.76 |
8.2 |
0.035 |
0.05 |
0.27 |
Kansas |
|
and |
124.09 |
125.61 |
1.52 |
34.1 |
23 |
0.013 |
0.07 |
0.18 |
Kansas |
|
and |
138.11 |
168.29 |
30.18 |
1.63 |
4.84 |
0.01 |
0.07 |
0.17 |
Kansas |
|
including |
150.00 |
151.52 |
1.52 |
11.64 |
11.8 |
0.028 |
0.11 |
0.32 |
Kansas |
|
2006-169 |
72.26 |
73.78 |
1.52 |
27.75 |
63.1 |
0.059 |
0.92 |
1.36 |
Kansas |
|
and |
114.94 |
116.46 |
1.52 |
2.11 |
7.0 |
0.001 |
0.03 |
0.01 |
Kansas |
|
and |
121.04 |
136.28 |
15.24 |
1.28 |
18.87 |
0.006 |
0.12 |
0.27 |
Kansas |
|
|
|
|
|
|
|
|
|
||
|
2006-170 |
66.16 |
67.68 |
1.52 |
1.54 |
9.0 |
0.011 |
0.1 |
0.23 |
Kansas |
|
and |
75.30 |
82.23 |
6.93 |
1.65 |
10.79 |
0.01 |
0.11 |
0.26 |
Kansas |
|
and |
134.76 |
140.85 |
6.09 |
3.67 |
17.03 |
0.03 |
0.28 |
0.88 |
Kansas |
|
and |
169.82 |
172.87 |
3.05 |
1.9 |
5.4 |
0.005 |
0.02 |
0.14 |
Kansas |
|
2006-172 |
34.15 |
37.20 |
3.05 |
4.45 |
17.8 |
0.04 |
0.29 |
0.64 |
Kansas |
|
and |
72.26 |
75.30 |
3.04 |
9.73 |
46.2 |
0.04 |
0.67 |
1.26 |
Kansas |
|
and |
93.60 |
95.12 |
1.52 |
1.18 |
2.4 |
0.004 |
0.05 |
0.12 |
Kansas |
|
2006-173 |
36.74 |
40.24 |
3.5 |
1.91 |
6.67 |
0.01 |
0.05 |
0.25 |
Kansas |
|
and |
82.93 |
99.70 |
16.77 |
1.91 |
6.67 |
0.008 |
0.05 |
0.25 |
Kansas |
|
and |
124.09 |
128.35 |
4.26 |
1.31 |
5.78 |
0.003 |
0.09 |
0.39 |
Kansas |
|
2006-174 |
41.77 |
46.34 |
4.57 |
1.52 |
7.76 |
0.01 |
0.03 |
0.12 |
Kansas |
|
and |
89.02 |
90.55 |
1.53 |
1.46 |
6.2 |
0.003 |
0.03 |
0.01 |
Kansas |
|
and |
95.12 |
96.65 |
1.53 |
7.9 |
25.9 |
0.007 |
0.29 |
0.40 |
Kansas |
|
and |
107.32 |
111.89 |
4.57 |
3.39 |
9.07 |
0.03 |
0.16 |
0.36 |
Kansas |
|
and |
130.18 |
136.54 |
6.36 |
1.31 |
8.28 |
0.015 |
0.24 |
0.45 |
Kansas |
|
and |
144.21 |
148.48 |
4.27 |
8.07 |
142.16 |
0.048 |
0.88 |
1.73 |
Kansas |
|
2006-175 |
53.96 |
55.49 |
1.53 |
1.23 |
6.1 |
0.002 |
0.01 |
0.04 |
Kansas |
|
and |
69.21 |
72.26 |
3.05 |
1.15 |
2.3 |
0.003 |
0.01 |
0.01 |
Kansas |
|
and |
108.84 |
114.94 |
6.10 |
1.48 |
7.25 |
0.01 |
0.04 |
0.09 |
Kansas |
|
and |
122.56 |
124.09 |
1.53 |
12.76 |
44.8 |
0.032 |
0.24 |
0.46 |
Kansas |
|
and |
135.52 |
137.20 |
1.68 |
1.51 |
14.6 |
0.083 |
0.56 |
1.23 |
Kansas |
|
and |
146.95 |
151.52 |
4.57 |
2.34 |
16.67 |
0.026 |
0.37 |
0.43 |
Kansas |
|
2006-176 |
36.28 |
37.65 |
1.37 |
1.09 |
11.5 |
0.013 |
0.23 |
0.46 |
Kansas |
|
and |
87.50 |
90.55 |
3.05 |
1.25 |
20.3 |
0.005 |
0.03 |
0.10 |
Kansas |
|
and |
114.94 |
116.46 |
1.52 |
1.60 |
4.40 |
0.004 |
0.05 |
0.15 |
Kansas |
|
and |
124.09 |
131.86 |
7.77 |
1.21 |
6.38 |
0.019 |
0.09 |
0.12 |
Kansas |
|
and |
139.33 |
141.46 |
2.13 |
2.36 |
26.4 |
0.039 |
1.72 |
3.17 |
Kansas |
|
and |
153.04 |
178.96 |
25.92 |
1.70 |
12.7 |
0.08 |
0.16 |
0.40 |
Kansas |
|
2006-177 |
14.33 |
17.38 |
3.05 |
2.92 |
4.5 |
0.004 |
0.01 |
0.02 |
Kansas |
|
and |
29.57 |
32.62 |
3.05 |
1.49 |
4.7 |
0.004 |
0.03 |
0.04 |
Kansas |
|
2006-178 |
44.82 |
47.87 |
3.05 |
3.59 |
8.3 |
0.007 |
0.14 |
0.09 |
Kansas |
|
and |
117.99 |
136.28 |
18.29 |
9.05 |
37.67 |
0.01 |
0.08 |
0.22 |
Kansas |
|
including |
120.12 |
121.34 |
1.22 |
25.29 |
50.5 |
0.014 |
0.16 |
0.24 |
Kansas |
|
including |
132.93 |
134.15 |
1.22 |
86.30 |
420.7 |
0.055 |
0.68 |
1.81 |
Kansas |
|
and |
138.41 |
144.21 |
5.8 |
2.23 |
36.6 |
0.01 |
0.44 |
0.12 |
Kansas |
|
and |
163.72 |
171.34 |
7.62 |
1.30 |
18.26 |
0.05 |
0.55 |
1.10 |
Kansas |
|
and |
176.52 |
178.05 |
1.53 |
1.21 |
3.30 |
0.006 |
0.04 |
0.02 |
Kansas |
Prior to this year’s drilling program, MineFill Services of Seattle, WA completed a resource calculation on Silver Coin in compliance with CIMM (2000) Standards at geometric cut-off which indicated a total inferred resource of an estimated 500,000 ounces of gold and 2.11 million ounces of silver. The inferred resource consists of of 11.3 million tones grading 1.60 g/t gold, 6.64 g/t silver, 0.06% Copper. 0.19% lead and 0.41% zinc. The 2006 drill program is aimed at possibly doubling this resource. MineFill is expected to begin a revised resource calculation in late December with results available in the first quarter of 2007.
The Silver Coin project and associated minerals claims is a 51-49% joint venture between Pinnacle Mines and Mountain Boy Minerals. The Kansas claim is the subject of an option/joint venture with Tenajon Resources Corp., pursuant to which the Pinnacle/Mountain Boy joint venture is earning a 60% interest through the expenditure of $1,000,000 on exploration over four years. The joint venture can earn a 70% interest in the Kansas claim by exercising an option to deliver a feasibility study within four years of earning the initial 60%.
E. Kruchkowski, P. Geo., is the qualified person under National Instrument 43-101 that is in charge of the exploration program 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 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 has an option to acquire the Tuligtic property, a copper-gold target near Mexico City as well as the Rio Minas-La Calavera projects in the state of Oaxaca.
For further information about this news release contact Andrew Bowering, President or John Van Duzen at 604-688-7377 or visit Pinnacle’s website at www.pinnaclemines.com for further property information and/or assay results.
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.