News Releases - 2007
Vancouver, BC - Pinnacle Mines Ltd. announces that diamond drilling at the La Calavera property in Oaxaca, Mexico is well underway with two holes near completion. The Company’s initial drill program is slated for 14 holes, each 300-400 meters in depth. Targets for all holes have been identified based on geophysical and geochemical data compiled in September.
Stewart, BC Pinnacle Mines Ltd. and Mountain Boy Minerals Ltd.
PINNACLE MINES LTD. (PNL:TSX-V) is pleased to report that drilling will begin early next week at its La Calavera copper-silver-zinc property located in the State of Oaxaca, Mexico. Pinnacle has an option to acquire up to 70% of La Calavera from Chesapeake Gold Corp.
Stewart, BC Pinnacle Mines Ltd. and Mountain Boy Minerals Ltd. announce that assays have been received for the first two holes from the 2007 exploration program.
Vancouver, B.C. - Pinnacle Mines Ltd. announces that it will not meet the terms of an option agreement with Almaden Minerals Ltd. whereby Pinnacle had committed to spend US$300,000 in exploration expenditures on its Tuligitic property in Puebla State, Mexico by August 9, 2007. The commitment was the first leg of a staged 6 year option to acquire up to 60% of the property.
PINNACLE MINES LTD. (PNL:TSX-V) is pleased to report exploration progress on its La Calavera copper-zinc property in the State of Oaxaca, Mexico. The Company has completed 12,000 meters of a induced polarization-resistivity survey in ten lines on 100 meter spacing.
Vancouver, B.C. - Pinnacle Mines Ltd and Mountain Boy Minerals Ltd are pleased to announce the recommencement of drilling on the Silver Coin property near Stewart, BC.
A total of 24 to 30 holes are planned for about 4000 meters of drilling.
Paul Saxton, President and CEO of Pinnacle Mines Ltd.
Vancouver, B.C. - Pinnacle Mines Ltd. is pleased to announce that drilling has commenced on its wholly-owned Surprise Creek property which is located 32 kilometers northeast of Stewart, British Columbia in the Skeena Mining Division.
The property lies within a belt of Jurassic mostly volcanic rocks extending from the Kitsault area to the Stikine River.
Vancouver, B.C. - Pinnacle Mines Ltd. announces that it has received Exchange approval to an agreement with Chesapeake Gold Corp. (TSX.V-CKG) to purchase up to a 70% interest in its La Calavera and Rio Minas copper-silver-gold properties located in Oaxaca, Mexico.
PINNACLE MINES LTD.
Vancouver, BC Pinnacle is pleased to announce the appointment of Jeffrey L. Wilson as Vice President of Exploration. Mr. Wilson will oversee the Company’s exploration activities in Mexico and Canada.
Mr. Wilson is a professional exploration geologist with over 30 years experience. He was the director of exploration for Echo Bay Exploration Inc.
Economic Assessment And Baseline Studies To Begin Drilling To Continue
Vancouver, BC - Pinnacle Mines Ltd., Mountain Boy Minerals Ltd. and Tenajon Resources Corp.
Stewart, BC Pinnacle Mines and Mountain Boy Minerals announce that all assay results have now been received for the drilling on the Silver Coin project from the 2006 exploration program. These holes have intersected more high-grade gold and silver values in the Main Breccia zone of the Silver Coin property.
Stewart, BC Mountain Boy Minerals Ltd., Pinnacle Mines Ltd. and Tenajon Resources Corp. announce that further assay results have been received for the drilling on the Silver Coin project for the 2006 exploration program. These holes have intersected more high-grade gold and silver values in the Main Breccia zone of the Silver Coin property.