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Pinnacle Mines and Mountain Boy Minerals ramp up for a record year of exploration at the Silver Coin Project British Columbia
Trading Symbols: TSX.V:PNL and O7M - Frankfurt Stock Exchange VANCOUVER, May 15 /CNW/ - Pinnacle ...
About this update from Jayden Resources Inc
[{"type":"text","content":"\n\n\n\nTrading Symbols: TSX.V:PNL\n\n\nand O7M - Frankfurt Stock Exchange\n\n\nVANCOUVER, May 15 /CNW/ - Pinnacle Mines Ltd. and Mountain Boy Minerals\nInc. are pleased to announce that the exploration season at the Silver Coin\nproject has commenced with preliminary road preparations to enable the\nmovement of drill rigs and other equipment to the property. This year\n$2.5 million will be spent on exploration and related studies on the property,\nincluding 10,000 meters of core drilling. At the end of the exploration year\nthe total number of meters drilled starting from 1982 to 2008 will be over\n67,000. Snowden Mining Group in Vancouver has worked with Pinnacle geologists\nto design a dual purpose program that is intended to upgrade the resource\nconfidence categories and to increase the resources overall. The property\nconsists of 25 claims comprising approximately 1,500 hectares with a\nstructurally controlled deposit already greater than 800 meters long, up to\n300 meters wide and approximately 100 meters in thickness. Measured and\nindicated in-pit resources at a 0.75 gpt gold cutoff grade are shown in\nthechart below. These resource estimates are NI 43-101 compliant.\n\n\n In-pit mineral resource by category above 0.75 g/t Au-Equivalent\n Silver Coin 43-101 Technical Report - Minefill Services Inc. -\n April 27, 2007\n\n-------------------------------------------------------------------------\n Au-Eq\nClass Tonnes (all Au Ag Zn Au Au-Eq (oz)\n metals) g/t g/t % (oz) (Au,Ag only)\n g/t\n-------------------------------------------------------------------------\nMeasured 1,010,474 4.754 3.721 14.487 0.448 120,880 129,844\n-------------------------------------------------------------------------\nIndicated 7,884,484 1.922 1.167 10.367 0.298 295,811 345,865\n-------------------------------------------------------------------------\nTotal M+I 8,894,958 2.244 1.457 10.835 0.315 416,691 475,709\n-------------------------------------------------------------------------\n\nIn addition MineFill Services has calculated an inferred resource as\nfollows:\n\n-------------------------------------------------------------------------\nInferred 13,214,809 2.737 2.149 5.927 0.276 912,992 960,955\n-------------------------------------------------------------------------\n\n\nThe drill program is also intended to identify areas of potential\...