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Trading Symbols: TSX.V:PNL and O7M - Frankfurt Stock Exchange
VANCOUVER, Nov. 7 /CNW/ - Pinnacle Mines and Mountain Boy Minerals Ltd. are pleased to announce that the 2008 drill program at the Silver Coin gold property near Stewart, BC has produced exceptional results with more on the way. A total of 88 holes were drilled on the property this year and assays have been received for 60 holes to date. The 2008 drill program was designed to add precious metals resources and to improve the resource categories already established in an April 2007 resource calculation by Minefill Services Inc. of Seattle, WA. The April 2007 Report included holes that were drilled to the end of 2006. Snowden Engineering of Vancouver, BC has already begun work on an updated 43-101 compliant resource calculation and technical report which will incorporate assay results for both the 2007 and 2008 exploration seasons.
Silver Coin is a gold-silver-base metals property located about 24 kilometers north of Stewart, British Columbia in the Skeena Mining Division. The Silver Coin project and associated mineral claims is a 51-49% owned joint venture between Pinnacle (51%) and Mountain Boy (49%) except for the Kansas Claim which Pinnacle owns 70.6% of and Mountain Boy 29.4%. Assay results to date show the Kansas Claim holds the vast majority (approx. 80%) of the known resources discovered at Silver Coin (see the April 2007 43-101 Technical Report and Resource Calculation on Pinnacle's website for more details).
The 2008 season started with Hole 222 and ended at Hole 310. Approximately 1.26 kilometers of diamond drilling was completed this season. Below is a chronological breakdown of all diamond drill results received so far this year with another 28 holes pending assays. Gold is the primary metal on the Silver Coin property. To give the reader an idea of the overall significance and magnitude of the property's potential value, the chart includes only 4 holes which were assayed with less than .5 g/t gold and are listed as "No Significant Results" although these holes did contain mineralization and/or base metal values. Hole numbers not reflected in this chart are awaiting assays.
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From To Width Gold Silver Lead Zinc Claim
DDH No. (m) (m) (m) (g/t) (g/t) (%) (%) Tested
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SC08-222 32.00 39.62 7.62 0.95 3.52 0.08 0.19 Silver
Coin 4
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SC08-223 32.61 41.76 9.15 1.19 9.90 0.05 0.51 Silver
Coin 4
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SC08-229 32.00 59.44 27.44 0.82 0.40 0.03 0.28 Silver
Coin 2
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including 32.00 35.05 3.05 3.82 3.20 0.01 0.19 Silver
Coin 2
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SC08-230 No Significant Results Silver
Coin 9
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SC08-231 69.19 72.24 3.05 3.30 2.20 (less 0.02 Silver
than) Coin 9
0.01
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SC08-232 66.45 78.64 12.19 12.66 24.46 0.3 0.77 Kansas
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including 66.45 71.02 4.57 32.00 53.39 0.57 1.34 Kansas
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and 69.49 71.02 1.52 81.57 128 1.29 2.91 Kansas
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SC08-233 63.09 105.46 42.37 6.26 11.27 0.20 0.50 Kansas
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including 69.19 81.38 12.19 18.16 31.58 0.64 1.45 Kansas
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SC08-234 76.2 105.16 28.96 2.05 3.32 0.03 0.08 Kansas
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including 96.01 99.06 3.05 8.88 4.1 0.01 0.01 Kansas
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SC08-235 No Significant Results Kansas
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SC08-236 55.17 63.4 8.23 1.54 3.16 0.16 0.39 Kansas
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SC08-237 53.95 99.67 45.72 3.78 11.55 0.38 0.92 Kansas
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including 82.91 96.62 13.71 8.23 10.94 0.15 0.55 Kansas
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and 87.48 90.53 3.05 22.58 16.8 0.15 0.31 Kansas
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SC08-238 69.19 96.62 27.43 1.25 3.14 0.03 0.04 Kansas
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SC08-239 72.85 85.04 12.19 3.62 8.11 0.3 0.51 Kansas
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SC08-240 78.33 114.91 36.58 2.27 8.53 0.05 0.21 Kansas
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SC08-241 84.43 108.81 24.38 0.72 3.56 0.10 (less Kansas
than)
0.01
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SC08-242 5.18 11.58 6.4 1.57 10.94 0.44 1.20 Kansas
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and 51.21 78.64 27.43 1.21 0.5 0.04 0.19 Kansas
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SC08-243 93.88 136.55 42.67 4.14 5.11 0.08 0.18 Kansas
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SC08-244 88.09 97.23 9.14 1.40 4.63 0.04 0.33 Kansas
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SC08-245 68.88 130.15 61.27 1.78 3.1 0.03 0.07 Kansas
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including 70.71 72.54 1.83 31.07 35.5 0.02 (less Kansas
than)
0.01
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SC08-246 110.03 117.65 7.62 3.90 5.22 0.06 0.06 Kansas
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SC08-247 94.18 118.57 24.39 2.96 9.02 0.12 0.40 Kansas
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including 107.9 114 6.1 8.13 24.15 0.24 1.06 Kansas
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SC08-248 117.96 154.53 36.57 1.20 2.21 0.05 0.16 Kansas
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SC08-249 93.27 138.99 45.72 1.27 5.70 0.05 0.11 Kansas
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SC08-250 54.56 85.04 30.48 1.38 5.09 0.08 0.18 Kansas
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SC08-251 No Significant Results Kansas
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SC08-252 89.92 96.01 6.09 1.05 5.50 0.08 0.18 Kansas
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SC08-253 101.8 114 12.2 1.70 6.96 0.11 0.22 Kansas
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including 112.47 114 1.53 9.15 20.08 0.53 1.12 Kansas
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and 152.1 161.24 9.14 1.27 14.6 0.13 0.25 Kansas
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SC08-254 27.13 36.27 9.14 1.98 11.0 0.02 0.06 Kansas
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and 75.9 95.71 19.81 1.08 6.46 0.07 0.23 Kansas
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including 75.9 78.94 3.04 4.09 13.9 0.31 0.98 Kansas
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SC08-255 121.31 125.88 4.57 3.27 8.83 0.02 0.13 Kansas
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SC08-256 69.49 142.34 72.85 1.55 4.39 0.11 0.24 Kansas
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including 122.83 142.34 19.51 4.25 4.50 0.17 0.32 Kansas
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SC08-257 81.69 87.78 6.09 0.89 25.9 1.09 1.49 Kansas
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SC08-258 57.3 154.84 97.54 1.14 3.85 0.03 0.06 Kansas
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including 135.03 153.31 18.28 3.73 6.03 0.07 0.13 Kansas
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SC08-259 69.49 118.26 48.77 0.84 3.81 0.06 0.05 Kansas
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SC08-260 151.79 191.41 39.62 0.98 4.07 0.05 0.16 Kansas
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SC08-261 53.95 71.93 17.98 1.00 9.35 0.26 0.61 Kansas
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and 87.48 88.39 0.91 4.08 8.40 0.21 0.62 Kansas
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SC08-262 57.61 70.1 12.49 2.35 10.96 0.05 0.10 Kansas
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SC08-263 57.00 60.05 3.05 2.04 6.90 0.06 0.17 Kansas
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SC08-264 51.21 78.64 27.43 5.40 12.00 0.32 0.60 Kansas
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including 54.25 58.52 4.27 18.65 10.37 0.06 0.19 Kansas
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SC08-265 2.13 5.18 3.05 1.27 0.80 0.02 0.04 Kansas
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and 72.24 75.29 3.05 2.69 9.80 0.07 0.08 Kansas
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SC08-266 No Significant Results Kansas
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SC08-267 44.81 47.85 3.04 3.80 3.90 0.02 0.04 Kansas
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and 87.48 114.91 27.43 1.26 3.75 0.13 0.25 Kansas
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SC08-270 93.88 123.75 29.87 0.88 8.83 0.17 0.55 Kansas
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including 121.31 123.75 2.44 2.93 40.4 1.01 3.48 Kansas
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SC08-271 57.00 175.87 118.87 1.05 4.32 0.07 0.18 Kansas
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SC08-272 70.71 75.29 4.58 1.78 85.97 0.26 0.63 Kansas
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and 116.43 145.39 28.96 1.89 14.26 0.17 0.40 Kansas
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SC08-273 54.86 65.53 10.67 1.24 13.34 0.08 0.12 Kansas
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SC08-274 123.44 205.74 82.3 2.14 6.39 0.08 0.16 Kansas
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including 163.07 190.5 27.43 4.39 6.97 0.09 0.23 Kansas
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SC08-278 110.95 115.52 4.57 4.35 6.40 0.11 0.37 Big
Missouri
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SC08-281 85.04 200.86 115.82 1.66 6.20 0.06 0.14 Kansas
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SC08-282 135.64 181.36 45.72 8.86 70.81 0.14 0.35 Kansas
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including 142.95 144.78 1.83 58.66 278.10 1.17 3.25 Kansas
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and 160.02 166.12 6.1 31.51 391.70 0.21 0.46 Kansas
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SC08-283 66.14 87.48 21.34 0.87 4.87 0.08 0.16 Kansas
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and 142.34 154.53 12.19 1.00 2.38 0.02 0.03 Kansas
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SC08-284 149.35 191.72 42.37 0.83 4.62 0.07 0.21 Kansas
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SC08-285 38.71 44.81 6.1 1.91 2.00 0.02 0.06 Kansas
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and 121.01 157.58 36.57 1.89 8.22 0.03 0.06 Kansas
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SC08-286 22.56 37.8 15.24 1.70 9.14 0.42 1.09 Big
Missouri
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and 62.18 80.47 18.29 1.24 6.03 0.03 0.11 Big
Missouri
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SC08-287 15.24 73.15 57.91 1.20 3.91 0.10 0.23 Big
Missouri
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including 25.91 33.53 7.62 3.05 10.00 0.29 0.52 Big
Missouri
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SC08-288 50.90 66.14 15.24 1.84 1.58 0.02 0.09 Big
Missouri
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including 57.00 60.05 3.05 4.26 2.30 0.02 0.04 Big
Missouri
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SC08-293 12.19 51.82 39.63 0.82 0.80 0.01 0.03 Big
Missouri
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including 39.62 51.82 12.2 1.80 0.06 0.01 0.03 Big
Missouri
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SC08-294 21.34 106.68 85.34 0.91 2.84 0.03 0.08 Big
Missouri
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including 21.34 36.58 15.24 2.64 2.38 0.03 0.09 Big
Missouri
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SC08-297 97.54 108.2 10.66 1.33 4.88 0.08 0.15 Big
Missouri
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SC08-298 0.00 64.01 64.01 3.74 21.40 0.67 0.99 Big
Missouri
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including 0.00 36.58 36.58 5.80 31.97 1.06 1.51 Big
Missouri
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SC08-301 15.85 44.81 28.96 1.11 20.99 0.14 3.18 Big
Missouri
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SC08-301A 14.33 90.53 76.2 1.15 51.18 0.14 3.89 Big
Missouri
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including 24.99 64.62 39.62 1.34 66.11 0.21 5.31 Big
Missouri
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Metallurgical studies of sample material from the property started in September and a final report is expected soon. Preliminary results from these studies are very encouraging and show recoveries in the high 90 percentile using a flotation recovery procedure.
Alex Walus P.Geo. is the qualified person overseeing the drill program on behalf of the companies and has reviewed this press release. Drill core samples are assayed by Assayers Canada of Vancouver, BC.
On behalf of the Board of Directors "Paul Saxton" President & 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.
%SEDAR: 00005272E