Pinnacle Silver and Gold Provides Corporate Update and Grants Incentive Stock Options
250 - 750 West Pender Street, Vancouver, BC V6C 2T7 - Tel. (604) 669 - 0868
TSXV: PINN OTC: NRGOF
Pinnacle Silver and Gold Provides Corporate Update and Grants Incentive
Stock Options
VANCOUVER, BRITISH COLUMBIA, September 23, 2024 (TSXV: PINN; OTC: NRGOF; Frankfurt:
P9J) – Pinnacle Silver and Gold Corp. ("Pinnacle" or the “ Company") is pleased to provide an
update on corporate activities. As previously stated, the Company is actively engaged in seeking out
new silver and gold exploration and development opportunities in the Americas, with particular focus on
Mexico and Peru.
Mexico is the largest silver producing country in the world and has more primary silver mines than any
other country. Peru is the third largest silver producer and has the largest silver reserves and
resources of any country.
Many projects have already been reviewed and due diligence is being conducted on select
opportunities, including site visits, and management is encouraged by the quality of assets that are
potentially available for acquisition. The focus is on high- grade underground targets, especially in
Mexico where there remains some uncertainty regarding open pit mining.
“With the gold price now hitting all-time records on a regular basis and the silver price breaking through
$30/ounce once again, now is a great time to lay the foundation for a new precious metals focused
company,” stated Robert Archer, Pinnacle President & CEO. “If successful, t he addition of a high-
quality asset in Mexico or Peru would significant ly enhance our existing portfolio of gold projects in the
Red Lake District of Ontario.”
Depending upon the nature of a successful acquisition, management will determine whether to conduct
further exploration in Ontario this year or defer that to next spring, while initiating field work on a new
project. Shareholders will be updated accordingly.
Stock Option Grant
Pinnacle has granted an aggregate of 3 ,500,000 incentive stock options to certain directors, officers,
employees and consultants of the Company, pursuant to the Company’s Stock Option Plan and subject
to TSXV approval, at a price of $0.05 and expiring on September 23, 2029.
Qualified Person
Mr. Robert A. Archer, P. Geo, a Qualified Person as defined by National Instrument 43 -101, and the
President and C EO of the Company, has reviewed, verified and approved for disclosure the technical
information contained in this news release.
250 - 750 West Pender Street, Vancouver, BC V6C 2T7 - Tel. (604) 669 - 0868
About Pinnacle Silver and Gold Corp.
Pinnacle is currently focused on district -scale exploration for precious metals in the prolific Red Lake
District of northwestern Ontario. The past-producing high-grade Argosy Gold Mine is open to depth,
while the adjacent North Birch Project offers additional blue- sky potential. Pinnacle is also actively
looking for other district -scale opportunities in the Americas, with a particular focus on silver and gold.
With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is
committed to building long term, sustainable value for shareholders.
Signed: “Robert Archer”
President & CEO
FOR FURTHER INFORMATION CONTACT:
Email: [email protected]
Tel.: +1-877-271-5886 ext. 110
Website: www.pinnaclesilverandgold.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.