Business
Pinnacle's Silver Coin Continues to Grow with Latest Drilling Results, Including 54.87 Meters Grading 4.45 grams per ton Gold at Northern Limit of Current Drill Program
VANCOUVER, Dec. 10 /CNW/ - Management of Pinnacle Mines Ltd. (TSX-V:PNL; FSE:07M) (the "Company")...
About this update from Jayden Resources Inc
[{"type":"text","content":"\n\n\n\nVANCOUVER, Dec. 10 /CNW/ - Management of Pinnacle Mines Ltd. (TSX-V:PNL;\nFSE:07M) (the "Company") are pleased to announce the latest drill results from\nits 88 diamond drill hole program, carried out between June and November,\n2008. These assay results, which constitute the remainder of the outstanding\ndrill hole results, continue to build on the size and significance of earlier\nSilver Coin drill results. Drilled widths of up to 54.87 meters grading\n4.45 gpt gold and 77.72 meters grading 2.41 gpt gold are included in the\nresults. Much higher grades were intersected over narrower widths such as:\n4.57 meters grading 15.57 gpt gold; 1.52 meters grading 15.01 gpt gold;\n3.05 meters grading 20.47 gpt gold; 15.24 meters grading 4.43 gpt gold and\n6.09 meters grading 9.0 gpt gold. A complete list of assays from this year's\nfinal results are shown in the table below (for previous drilling results\nplease refer to Pinnacle's press release dated November 7, 2008).\n\n\nMr. Paul Saxton, president of Pinnacle Mines Ltd. stated "With the volume\nof drill information now available to the project, we have decided to begin\nand augment studies destined to provide a pre-feasibility for a potential open\npit mine at Silver Coin by the latter part of 2009".\n\n\nThese latest drill results augment earlier results which also contained\nsignificant intersections such as: 12.19 meters grading 12.66 gpt gold;\n42.37 meters grading 6.26 gpt gold (including 12.19 meters grading 18.16 gpt\ngold); 45.72 meters grading 3.78 gpt gold; 27.43 meters grading 5.40 gpt gold,\netc. A body of andesite containing a network of mineralized quartz veins and\nveinlets, as well as disseminated gold-sphalerite mineralization forms an\nopen-ended, N-S-elongate body approximately 700 meters along strike and\n200 meters in depth.\n\n\nThese latest drill results have been returned from drill holes which\nwere, for the most part, situated at the northern end of the known deposit.\nLong sections constructed from the drill hole geochemical database indicate\nthat the deposit is open at depth and along strike to the north. Thus, further\ndrilling along strike to the north is planned for the 2009 field season\ncoincident with pre-feasibility studies on the known body of mineralization.\n\n\nWith the completion of the latest drill program the pro...