Pinnacle Signs Letter of Intent for Option to Acquire High-Grade Gold-Silver Project in Sierra Madre Trend of Mexico

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[{"type":"text","content":"Pinnacle Signs Letter of Intent for Option to Acquire High-Grade Gold-Silver Project in Sierra Madre Trend of 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\n\n The Agreement\n \n\n -\nPinnacle\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 Letter\n \n\n of\n \n\n Intent\n \n\n (the\n \n\n “LOI”)\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 will\n \n\n have\n \n a\n \n staged\n \n\n option\n \n to\n \n acquire\n \n\n up\n \n toa\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\n\n Prolific Area with Major Operating\nMines Nearby\n \n -\nElPotreroislocatedintheprolificSierraMadreOccidental\n \n of\n \n westernMexicoand\n \n lies\n \n within35kilometresoffouroperatingmines,\n \n including the 4,000\n \n tonnes\n \n per\n \n day\n(tpd)\n \n Ciénega Mine\n \n (Fresnillo),the 1,000 tpd\n \n Tahuehueto\n \n Mine (Luca Mining)\nand the\n \n 250\n \n tpd\n \n Topia\n \n Mine(Guanajuato Silver).\n \n\n\n\n\n High Grade District-scale with\nExploration 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 at\n \n\n least\n \n\n six\n \n\n historic\n \n\n mines\n \n\n along\n \n thefour-kilometre\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\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\...

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