en.Wedoany.com Reported - Pinnacle Silver & Gold Corp. has announced that its ground follow-up work at the Potrero project in Durango, Mexico, has identified new high-grade silver mineralization, with vein assays grading up to 1,159 g/t silver. The results are based on shafts, adits, and prospect pits identified by a recent airborne LiDAR survey. The company also reported that silver-lead-zinc mineralization has been extended along strike at the Maria Fernanda 2 claim block.
Key highlights include: the northern "Minas Nuevas" adit returned 0.252 g/t gold, 1,159 g/t silver, 4.72% lead, and 0.10% zinc over 0.35 meters; the "Paulina Breccia" zone in the MF2 block was traced for approximately 400 meters in a northeast direction, yielding silver grades of 47–50 g/t; additionally, samples from the "Las Guasimas" artisanal mine waste rock pile contained 3.21 g/t gold, 349 g/t silver, 3.49% lead, and 5.30% zinc. The Paulina Breccia and Guasimas mine extend the strike length of the MF2 vein system to approximately 1,100 meters.
Robert Archer, President and CEO of the company, stated: "These discoveries of high-grade gold, silver, lead, and zinc mineralization validate the effectiveness of the LiDAR survey and demonstrate the district-scale potential of the Potrero project. The newly identified northeast-southwest trending polymetallic mineralization contrasts with the gold-silver mineralization in the north and may represent different episodes of hydrothermal activity. Four operating mines surrounding the project are all polymetallic, with the gold-silver-lead-zinc veins at the Topia mine located just 4 kilometers from MF2, further highlighting the region's potential."
On the analyst side, David A. Talbot of Red Cloud Securities assigned a "slightly positive" impact rating, stating that mine restart and exploration success should help drive revaluation. Tim Wright of Couloir Capital gave a "buy" rating with a fair value of C$0.33. Future catalysts for the company include underground drilling, metallurgical testing, and mill restart engineering. Pinnacle Silver has a market capitalization of approximately C$19 million, with management and insiders holding a 54% stake.
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