posted
Really gotta like this one up in Northern B.C. - been hitting some really nice grades on their Silver Coin property which is a JV with PNL. DRILLING INTERSECTS 50 FEET OF ONE OUNCE PER TON GOLD AND SIX OUNCES SILVER PER TON WITHIN A 290 FOOT INTERSECTION OF 0.2 OUNCES PER TON GOLD
Pinnacle Mines Ltd. and Mountain Boy Minerals Ltd. have provided gold-silver assays from the latest drill holes testing the newly discovered Main Breccia zone on the Silver Coin property near Stewart, B.C. Visible gold was noted in several different zones within these drill holes.
Pinnacle Mines hires MineFill for technical report
2005-12-19 12:43 ET - News Release
Mr. Andrew Bowering reports
MINEFILL SERVICES, INC. RETAINED TO COMPLETE TECHNICAL REPORTS, MODELLING AND RESOURCE CALCULATIONS ON SILVER COIN
Pinnacle Mines Ltd. has commissioned MineFill Services Inc. of Seattle, Wash., to prepare an initial resource estimate and a National Instrument 43-101 compliant technical report for the Silver Coin project in Northern British Columbia.
MineFill will complete data verification on all exploration results to date from Silver Coin. In addition, MineFill will plot drill sections, perform a polygonal resource and prepare the NI 43-101 report. MineFill will also prepare a 3-D model of the geology and mineralization to aid in the better understanding of the property's geology and help in the planning of the 2006 exploration program.
MineFill Services, with offices in Toronto, Vancouver and Seattle, consults for mining companies worldwide including Western Mining, Barrick, AngloGold, Boliden, Bema Gold, Kennecott and others. MineFill is well versed in both underground and surface mine planning and feasibility studies. The qualified person responsible for the resource estimate will be Dr. David Stone, PEng, president of MineFill Services. Dr. Stone has 25 years experience in the mining industry evaluating projects for junior mining companies MTB last traded at .56 up over 30% in the last week of DEC- 15,581,000 shares O/S
-------------------- The Mouse Posts: 443 | From: Valemount | Registered: Dec 2003
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Well buying and selling has slowed to a standstill. Perhaps investors waiting for the Minefil report at which point it wil be too late to get in at these bargain basement prices. Silver Coin looks very doable and I believe we will see that when the resource report comes in. In the meantime shares are available at this range from .50 to .60 Remember you heard it here.
-------------------- The Mouse Posts: 443 | From: Valemount | Registered: Dec 2003
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posted
I am hearing the end of February for the Minefill report to be complete. I believe there will be substantial buying in front of that report if the results are anywhere close to what I believe to be there.
-------------------- The Mouse Posts: 443 | From: Valemount | Registered: Dec 2003
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posted
Fergy if the rest of the market lately is any indication this one should rocket past a buck in advance of the Minefillresource report. Sources up near there are saying there is rumored to be over a million ounces of gold alone at shallow depths, never mind the silver , lead, copper and up to 5%zinc. Have a look at the zinc prices lately. PNL has about 15 millin shares O/S and MTB is similar . PNL currently is around 1.21 , MTB last at .55 . This one is being overlooked IMHO and sooner or later somebody will pick this up and start promoting it. One of the troubles may be that there hasnt been a great deal of financing deals done through the CAN brokerages and those that are invloved dont seem to be selling anything. Silver COIN s JV has Chinese mining giant Zijin corp ( 3 billion net worth) behind them and it is an apparent given that there will be a mine there . Good luck and buy when everyone else is missing it.
-------------------- The Mouse Posts: 443 | From: Valemount | Registered: Dec 2003
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From the literature I picked up at the gold show at the PNL booth. PNL has spent 1.95 million on the Silver Coin group of properties- completing the option and earning a 51% interest 1 year ahead of schedule.An additional 9% can be earned from MTB by bringing the project to production. The highest priority exploration target on the property is the recently discovered Perseverence zone which is over 600 metres in strike length , exposed over a height of 300 metres and having a width ranging from 20-to 30 metres. Drilling results were as follows: HOLE# CORE LENGTH (M) GOLD (GPT) SILVER(GPT) COPPER% LEAD% zinc% 37 --* 24.4 **5.15**42***.12***1.73**2.58 36--*17.8**11.35**30**.04**.91**1.47 34--*16.8**1.5**50**.31**1.86**4.57 AND --*21.3**11.3**50**.07**1.11**1.85 AND--*5.8**6.4**39.5**.13**1.35**2.88 32--*3.05**11.85**32.9**.03**.89**1.13 31--*14.02*11.65**22**.03**1.0** 1.17 26--*6.0***.55**72**.66**.14**5.61 25--*4.5***.45**33.5**.34**.03**1.64 AND-*3.05**31.68**33.6**.37**.12*1.40 22--*5.49**.58**104.4**.96**.79**8.54 21--*5.33**.50**155.6**1.39**2.77*13.34 18--*2.74**.72**30.5**.40**.37**2.70 17--*4.27**.50**176.4**2.18**1.57**16.69 16--*4.27**.72**232.1**1.179**8.96**15.03 You will note some of those zinc grades were 15 and 16%
Posts: 443 | From: Valemount | Registered: Dec 2003
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