Pinnacle Silver and Gold advances underground drilling – ICYMI

Pinnacle Silver & Gold Corp (TSX-V:PINN, OTCQB:PSGCF, FRA:P9J) earlier this week supplied an replace on underground drilling on the Pinos Cuates mine, the place the corporate has prolonged a high-grade gold zone and gathered additional details about the continuity of mineralization.

CEO Robert Archer advised Proactive that the underground drilling program, which started a number of months in the past, had been producing detailed data on the deposit. He stated the mission had by no means beforehand been drilled and that the corporate had opted to start out underground whereas it waited for permits for its deliberate floor program.

Archer stated the underground program was serving to Pinnacle Silver and Gold perceive what the mineralization appeared like, in addition to the continuity of grade. He described this data as essential for mine planning and figuring out how finest to method the deposit.

The newest work additionally demonstrated the actual benefits of drilling from current underground workings. Archer defined that beforehand launched Hole 35 was drilled horizontally, whereas Hole 68 was drilled from the extent under in an up-dip path.

This method allowed the corporate to collect data alongside the vein, fairly than solely throughout it as would sometimes be achieved with floor drilling.

Archer stated useful resource estimation based mostly on separate intersections might successfully contain “connecting the dots” between totally different factors with out straight establishing what occurred between them.

“It’s the closeness of these dots that in the end decides the boldness of the useful resource, whether or not it’s inferred or indicated, measured, no matter it could be,” Archer stated.

He added that drilling straight alongside the vein supplied steady data, describing the outcomes generated by the method as “very, very optimistic”.

Further drilling represents a key potential catalyst for Pinnacle Silver and Gold. Archer stated solely a restricted variety of holes remained to be drilled at Pinos Cuates earlier than the underground program moved subsequent door to the Dos de Mayo mine.

Another potential catalyst is the deliberate transition to floor drilling. Pinnacle Silver and Gold is at the moment ready for the required permits to start that program and intends to proceed drilling underground within the interim.

Archer stated drilling would subsequently stay ongoing, first underground at Pinos Cuates and Dos de Mayo and subsequently from floor as soon as permits had been obtained.