Pinnacle Flies LiDAR Survey at El Potrero

Core Insights - Pinnacle Silver and Gold Corp. has conducted an airborne LiDAR survey over the El Potrero gold-silver project in Durango, Mexico, covering an area of 11 km², with results expected by mid-December [1][2] Company Overview - Pinnacle Silver and Gold Corp. focuses on developing precious metals projects in the Americas, particularly the El Potrero project, which is characterized by an underexplored low-sulphidation epithermal vein system [9] - The company also owns the Argosy Gold Mine and the North Birch Project in Ontario, indicating a diversified portfolio in high-grade mining assets [9] Project Details - The El Potrero project is located in the Sierra Madre Occidental region, near four operating mines, including the 4,000 tpd Ciénega Mine [5] - The project features high-grade gold-silver mineralization within a low sulphidation epithermal breccia vein system, with significant exploration potential due to a lack of modern systematic exploration over the past 40 years [6] - A previously operational 100 tpd plant on-site can be refurbished for near-term production, with road access and power supply within three kilometers [7] Survey Significance - The LiDAR survey aims to enhance geological understanding by mapping features related to mineralization that may not be visible at the surface, thus aiding in the planning of future drilling programs [2][3] - The technology is expected to help identify old mine workings and other features that could indicate previously unknown mineralization [3] Ownership and Financial Strategy - Pinnacle will earn an initial 50% interest in the project upon commencing production, with plans to increase ownership to 100% through generated cash flow, which is seen as a less dilutive approach for shareholders compared to equity financing [8]