Pinnacle Signs Definitive Agreement For Option To Acquire High-Grade Gold-Silver Project In Mexico

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[{"type":"text","content":"Pinnacle Signs Definitive Agreement For Option To Acquire High-Grade Gold-Silver Project In Mexico\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Highlights:\n \n\n\n\n - The Agreement\n \n\n - Pinnacle\n \n\n Silver\n \n\n and\n \n\n Gold\n \n\n Corp.\n \n\n (“Pinnacle”)\n \n\n has\n \n\n signed\n \n a\n \n Definitive Agreement\n \n\n (the\n \n\n “DA”)\n \n\n with\n \n\n an\n \n\n arm’s\n \n\n length\n \n\n private\n \n\n individual\n \n\n and\n \n a\n \n company\n \n\n he\n \n\n controls\n \n\n whereby\n \n\n Pinnacle\n \n\n has\n \n a\n \n staged\n \n\n option\n \n to\n \n acquire\n \n\n up\n \n to a\n \n 100%\n \n\n interest\n \n\n in\n \n the\n \n 1,074\n \n\n hectare\n \n\n El\n \n\n Potrero\n \n\n high-grade\n \n\n gold-silver\n \n\n project\n \n\n in\n \n\n Durango,\n \n\n Mexico.\n \n\n\n\n - Prolific Area with Major Operating\nMines Nearby\n \n - El Potrero is located in the prolific Sierra\nMadre Occidental\n \n of\n \n western Mexico and\n \n lies\n \n within 35 kilometres of four operating mines,\n \n including the 4,000\n \n tonnes\n \n per\n \n day (tpd)\n \n Ciénega Mine\n \n (Fresnillo), the 1,000 tpd\n \n Tahuehueto\n \n Mine (Luca Mining) and the\n \n 250\n \n tpd\n \n Topia\n \n Mine (Guanajuato\nSilver).\n \n\n\n - High-Grade & District-Scale\nwith Exploration Upside\n \n\n - High-grade\n \n\n gold-silver\n \n\n mineralization\n \n\n occurs\n \n\n in\n \n a\n \n low\n \n\n sulphidation\n \n\n epithermal\n \n\n breccia\n \n\n vein\n \n\n system\n \n\n hosted\n \n\n within\n \n\n andesites\n \n\n of\n \n the\n \n Lower\n \n\n Volcanic\n \n\n Series\n \n\n and\n \n\n has\n \n\n three\n \n\n historic\n \n\n mines\n \n\n along\n \n a 500 metre\n \n strike\n \n\n length.\n \n A\n \n historic\n \n\n resource\n \n\n based\n \n\n upon\n \n\n underground\n \n\n sampling of those three mines\n \n\n is\n \n\n reported\n \n to\n \n consist\n \n\n of\n \n\n 45,561\n \n\n tonnes\n \n\n at\n \n\n 8.0\n \n g/t\n \n gold\n \n\n and\n \n\n 186\n \n\n g/t\n \n\n silver\n \n\n (\n \n\n 10.3\n \n\n g/t\n \n\n gold\n \n\n equivalent or 845 g/t silver\nequivalent).\n \n\n\n\n 1\n \n\n\n\n , 2\n \n\n The\n \n\n property\n \n\n has\n \n\n been\n \n\n in\n \n\n private\n \n\n hands\n \n\n for\n \n\n almost\n \n\n 40\n \n\n years\n \n\n and\n \n\n has\n \n\n never\n \n\n been\n \n...

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