Pinnacle Silver and Gold Releases Argosy Gold Mine Video
250 - 750 West Pender Street, Vancouver, BC V6C 2T7 - Tel. (604) 669 - 0868
TSXV: PINN OTC: NRGOF
Pinnacle Silver and Gold Releases Argosy Gold Mine Video
VANCOUVER, BRITISH COLUMBIA, April 16, 2024 (TSXV: PINN; OTC: NRGOF; Frankfurt: P9J) –
Pinnacle Silver and Gold Corp. ("Pinnacle" or the “Company") is pleased to announce the release of
a new video for the Argosy Gold Mine and adjacent North Birch Project in the Red Lake Mining Division
of northwestern Ontario . The video was produced by Moon Patrol VR Inc. and provides a 3D
visualization of the Argosy Gold Mine vein mineralization, historical drilling and exploration potential ,
and can be viewed at https://vimeo.com/930766732/9dc02efbf3?share=copy.
“We are excited to share the 3D model of the Argosy Gold Mine as we believe it showcases the
potential of the project, as well as the adjacent North Birch Project ,” stated Robert Archer, Pinnacle
President & CEO. “The Red Lake belt to the west and the Pickle Lake Belt to the east are well known
and both are receiving a lot of new attention. Yet, the Birch Lake Belt is less developed due primarily to
a lack of exploration. As such, we look forward to developing Argosy and further exploring North Birch.”
The Argosy Gold Mine was active between 1931 and 1952 and produced 101,875 ounces of gold and
minor amounts of silver from 276,573 tons at an average grade of 0.37 ounces per ton (12.7 g/t) Au
(Ontario Ministry of Northern Development & Mines archives). The mine was only developed to a depth
of 900 feet (270 metres), however, and it is known from drilling in 2002- 2004 that high- grade gold
mineralization extends below the old workings (see Drilling Highlights in the table below).
Only four veins (#1-3 and the ‘P’ Vein) were mined during the 21- year production period yet more than
14 veins are now known and there are other intercepts in the historical drilling with insufficient
information on trend or continuity to be given a separate name at this time. Higher grades are usually
associated with small specks or clusters of visible gold (‘VG’) and the absence of VG in a vein usually
results in ‘shoulders’ of lower grade material over potentially mineable widths. This is characteristic of
vein-hosted deposits and is important from the point of view of continuity.
With the 3D model as a guide, the Company is planning a drill program for this summer to continue to
test the down-dip extension and continuity of new gold-bearing veins at Argosy.
The video also illustrates the location of the nearby North Birch Project where Pinnacle is following an
exploration model of gold associated with a sheared and folded iron formation. Drilling by the Company
in early 2022 intersected a highly altered and mineralized deformation zone more than 100 metres wide
that contained elevated gold and copper values. Based upon magnetic and LiDAR surveys, this
horizon is interpreted to extend for at least 8 kilometres on the North Birch Property.
Both the Argosy Gold Mine and North Birch Project are 100% owned by Pinnacle, subject to 2.5% and
2% NSR royalties, respectively . The projects are only 10- 12 kilometres northwest of the Springpole
gold deposit being developed by First Mining Gold.
250 - 750 West Pender Street, Vancouver, BC V6C 2T7 - Tel. (604) 669 - 0868
ARGOSY GOLD MINE HISTORICAL DRILLING HIGHLIGHTS
HOLE # FROM (m) TO (m) I NTERVAL (m) Au (g/t) VEIN / ZONE
AM02-01 284.59 287.00 2.41 8.22 Vein # 8
Including 286.45 287.00 0.55 28.16
AM02-02 70.73 71.48 0.75 9.11 Vein # 11
AM02-07 180.80 188.60 7.80 4.27 Vein # 3
Including 183.80 185.50 1.70 14.67 Vein # 3
AM02-07 337.00 340.45 3.45 5.67 Vein #2
Including 338.40 339.95 1.55 11.75 Vein #2
AM02-07 355.10 357.40 2.30 4.65 New Zone
Including 356.70 357.40 0.70 14.39
AM02-08 56.30 57.40 1.10 8.12 Vein #3
AM03-01A 366.78 375.35 8.57 3.74 P Vein
Including 368.30 371.28 2.98 9.86
AM03-02 251.58 252.00 0.42 8.03 #1 Vein
AM03-02 352.54 354.34 1.80 5.09 P Vein
AM03-03 25.30 27.93 2.63 10.95 #11 Vein
Including 26.75 27.43 0.68 31.44
AM03-03 228.37 229.42 1.05 4.64 #8 Vein
Including 228.37 228.88 0.51 9.19
AM03-04 25.91 28.14 2.23 5.40 #11 Vein
Including 26.42 27.03 0.61 12.28
AM03-05 99.60 101.00 1.40 11.31 Contact Zone
Including 99.60 100.08 0.48 32.44
AM03-05 171.28 171.62 0.34 73.06 P Vein
AM04-01 49.9 50.2 0.30 52.70 Cabin Zone - #5 Vein?
AM04-01 75.0 76.3 1.30 9.15 Cabin Zone - #5 Vein?
AM04-08 320.75 328.15 7.40 3.59 Porphyry Point
Including 320.75 322.4 1.65 14.15
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. T he 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]
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.