Trading Symbols: TSX.V:PNL and O7M - Frankfurt Stock Exchange
VANCOUVER, Dec. 2 /CNW/ - Mr. Paul Saxton of Pinnacle Mines (the "Company") is pleased to announce that initial metallurgical test work on core samples from the Silver Coin gold property near Stewart, BC are producing exceptional results. Silver Coin is an advanced-staged gold property and a joint venture between the Company and Mountain Boy Minerals.
As part of a Preliminary Assessment Study on the Silver Coin property, metallurgical test work is being performed on drill core samples obtained from various zones of the resource. The samples have responded well to conventional froth flotation procedures, producing high ratios of precious metal concentration.
Samples grading from 1.3 g/t to 3.3 g/t gold produced cleaned concentrate gold grades between 42 g/t to 131 g/t. The concentrates also contained from 113 g/t to 352 g/t silver. The open cycle, bulk rougher flotation recovery varied from 82% to 94% for the precious metals, depending on the sample and test conditions used. Based on these early results, the Company is very encouraged by the recovery ratios to date and further process optimization is being planned with the ongoing project development program.
Frank Wright, P.Eng., is the qualified person overseeing the metallurgy program on behalf of the companies and has reviewed this press release. Mr. Wright is available at 604-802-4449 to answer any questions shareholders or investors may have regarding the processes and procedures used to obtain the aforementioned results. All metallurgical processes and studies of core samples are being conducted in the laboratories of Process Research Associates Ltd. (PRA) of Richmond, BC.
On behalf of the Board of Directors
"Paul Saxton"
President & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of the content of this news release.
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