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Pinnacle Formalizes Contracts for Preliminary Economic Assessment with Tetra Tech and Environmental Baseline Study with Cambria Gordon Ltd.
Pinnacle Formalizes Contracts for Preliminary Economic Assessment with Tetra Tech and Environment...
About this update from Jayden Resources Inc
[{"type":"text","content":"\nPinnacle Formalizes Contracts for Preliminary Economic Assessment with Tetra Tech and Environmental Baseline Study with Cambria Gordon Ltd.\n\n\n Dec. 2, 2009 (TheNewswire.ca) -- Vancouver, B.C., December 2, 2009, Pinnacle Mines Ltd. (TSXV:PNL) (PNL: TSX-V, \"Pinnacle\" or the \"Company\") is pleased to announce that it has awarded a contract to complete a NI 43-101 compliant resource estimate and Preliminary Economic Assessment of the Company's advanced-stage Silver Coin gold project to Tetra Tech (NASDAQ:TTEK) Inc. based in Denver, Colorado. Silver Coin is located in the Stewart Mining Camp in NW British Columbia. Tetra Tech, a major engineering firm with a work force of over 10,000, will prepare the study in two phases. The first phase will begin with a thorough review of the existing drill hole, assay and geologic databases, from which they will produce a new 43-101 compliant resource estimate. The second phase of their study will involve a scoping study to determine if the project is potentially economic followed by their preliminary recommendations and economic and engineering modeling of constructing an open pit mine.The Stewart Camp also hosts significant historical gold and gold-base metal mines including Eskay Creek, Granduc, Silbak Premier, and Red Mountain. Exploration in the District in recent years has resulted in several new discoveries including the Kerr-Sulphurets-Mitchell-Snowfield deposits located north of Silver Coin. Additional important discoveries have been made at Homestake Ridge (Bravo Resources), and Red Cliff (Decade Resources). The camp comprises highly-altered and mineralized terrain and hosts porphyry gold-copper, epithermal gold-silver and Kuroko-style, gold-rich, VMS mineralization. Silver Coin is one of the most important gold-bearing projects in the Stewart Camp and, unlike the majority of new discoveries, hosts excellent infrastructure. It is located just 25 km north of the town of Stewart on the Granduc Road which connects the project with Stewart and its deep-water port facilities. Silver Coin is 10 km north of, and along strike from, the past-producing Silbak-Premier Mine which was one of the largest gold producers in British Columbia before it closed. Silver Coin, which possesses many of the same geological characteristics as Silbak-Premier, has been well tested by diamond drilling, altho...