News Releases - 2008
Vancouver, British Columbia: Pinnacle Mines Ltd. ("Pinnacle" or the “Company”) is pleased to announce that it has closed a non-brokered private placement (the “Private Placement”) of 45,000,000 units at a price of $0.055 per unit (the “Unit”), for gross proceeds of $2,475,000 on December 18, 2008 (the “Closing”).
Vancouver, BC Pinnacle Mines Ltd. ("Pinnacle") reports that, subject to regulatory approval, it intends to complete up to a $2,500,000 non-brokered private placement.
Vancouver, British Columbia: Management of Pinnacle Mines Ltd. (TSX-V:PNL; FSE:07M) (the “Company”) are pleased to announce the latest drill results from its 88 diamond drill hole program, carried out between June and November, 2008.
Vancouver, B.C. Mr. Paul Saxton of Pinnacle Mines (the “Company”) is pleased to announce that initial metallurgical test work on core samples from the Silver Coin gold property near Stewart, BC are producing exceptional results.
Vancouver, BC - Pinnacle Mines Ltd. (the “Company”) is very pleased to announce that Dr. Lawrence Allan Dick, Ph.D., P.Geo. has been appointed to the Board of Directors of the Company. Dr. Dick is a professional geologist with more than 35 years experience in geology and mineral exploration.
Vancouver, B.C. - Pinnacle Mines and Mountain Boy Minerals announce that drilling is continuing at the Silver Coin property near Stewart, BC and is presently testing areas of mineralization on the Big Missouri claim. The drilling is defining wide areas of silicification and heavy sulphide encountered along the west side of the previously mined Facecut-35 zone.
Rio Minas Project
Pinnacle Mines Ltd. has completed Phase 1 soil sampling at the Company’s large Rio Minas property in Oaxaca, Mexico. Rio Minas consists of two concessions totaling 19,500 hectares or 75 square miles. The target is a silver-rich skarn.
Stewart, BC Pinnacle Mines Ltd and Mountain Boy Minerals Ltd announce that initial assays for the first four holes of the 2008 drill program on the Silver Coin Project have been received.
Vancouver, B.C. - Pinnacle Mines and Mountain Boy Minerals are pleased to announce that a 10,000 meter drill program is underway at the Silver Coin property near Stewart, BC and to date 48 of 59 planned holes have been completed.
Vancouver, BC - Pinnacle Mines Ltd. (“Pinnacle”) and Tenajon Resources Corp (TSX-V:TJS) (“Tenajon”) are pleased to announce that they have closed the transaction announced on April 21, 2008 and Pinnacle has now purchased Tenajon’s wholly owned subsidiary, 0781639 B.C. Ltd.
Vancouver, B.C. - Pinnacle Mines Ltd. and Mountain Boy Minerals Inc.
Vancouver, BC - Pinnacle Mines Ltd. (PNL-TSX.V) (“Pinnacle”) is pleased to announce that it has entered into a binding letter agreement (the “Letter Agreement”) whereby Pinnacle will purchase Tenajon Resources Corp.’s (“Tenajon”) wholly owned subsidiary, 0781639 B.C. Ltd.
Vancouver, BC - Pinnacle Mines Ltd. ("Pinnacle" or the “Company”) is pleased to announce that further to its news release dated February 14, 2008, the brokered private placement (the "Offering") arranged through Haywood Securities Inc.
Vancouver, B.C. - Pinnacle Mines Ltd.
Vancouver, BC Pinnacle Mines Ltd. ("Pinnacle" or the “Company”) reports that, subject to regulatory approval, it intends to complete up to a $1,000,000 brokered and a $500,000 non-brokered private placement for gross proceeds of up to $1,500,000.