Pinnacle to acquire private high-grade gold-silver project in Mexico

Gold investors can often be heard decrying the fact it seems many of the most promising projects have been claimed, but some companies are proving that solid projects are still waiting to see their potential fully unearthed. [Open in your browser]( [Stockhouse.com]( [Investor Alert] [Pinnacle to acquire private high-grade gold-silver project in Mexico] Pinnacle to acquire private high-grade gold-silver project in Mexico --------------------------------------------------------------- [Visit the company website]( [Facebook]( [Twitter]( to acquire private high-grade gold-silver project in Mexico) [LinkedIn]( [Email](mailto:?subject=Pinnacle to acquire private high-grade gold-silver project in Mexico&body= Jonathon Brown | The Market Online Gold investors can often be heard decrying the fact it seems many of the most promising projects have been claimed, but some companies are proving that solid projects are still waiting to see their potential fully unearthed. [Pinnacle Silver & Gold (TSXV:PINN)]( recently signed a letter of intent (LOI) to acquire a high-grade gold-silver project in the Sierra Madre Occidental trend of Durango, Mexico. [SEE COMPANY PROFILE]( This important move positions Pinnacle to significantly expand its portfolio and capitalize on the rich mineral resources of the region. El Potrero Project overview The LOI, signed with an arm's length private individual, grants Pinnacle a staged option to acquire up to a 100 per cent interest in the 10.74-square-kilometre El Potrero project. This high-grade gold-silver property is within 15 km of two active mines: Tahuehueto (Luca Mining) and Topia (Guanajuato Silver) and 35 km of the Ciénega Mine (Fresnillo), Geological potential El Potrero boasts a low sulphidation epithermal breccia vein system, hosted within andesite rocks of the Lower Volcanic Series. The property features at least six historic mines along a 4 km strike length. Remarkably, despite its rich history, El Potrero has remained in private hands for nearly 40 years and has not been explored using modern techniques. Near-term production potential A 100-tonne-per-day plant on-site can be refurbished and modernized, and historic mine workings can be rehabilitated at a relatively low cost, paving the way for near-term production once permits are secured. Although no previous drilling has been conducted, historical (non-compliant) underground sampling reports a resource of 45,561 tonnes at 8.0 g/t gold and 186 g/t silver, or 10.3 g/t gold equivalent. The team stressed that these resources are historical in nature, and it is not treating these estimates as current mineral resources because a qualified person on the company's behalf has not done sufficient work to classify them as current mineral resources. Gold equivalent is calculated using a gold-to-silver price ratio of 82:1 (i.e., 82 g/t silver = 1 g/t gold). The metal prices used to determine the 82:1 ratio are the closing prices in New York on Oct. 25, 2024: gold US$2,747.90 and silver US$33.67. Investment opportunity Pinnacle will earn an initial 50 per cent interest upon commencing production, with the potential to generate cash flow to further develop the project and increase ownership to 100 per cent, subject to a 2 per cent net smelter return royalty. This structure is designed to be less dilutive for shareholders than always relying on equity markets to finance growth. [INVESTOR UPDATES]( Experienced leadership Pinnacle's board and management bring considerable experience and a track record of success in the Sierra Madre gold-silver belt. Their expertise will be instrumental in advancing the El Potrero project and unlocking its full potential. Conditions and next steps The non-binding LOI is subject to several standard conditions, including satisfactory due diligence by Pinnacle, completion of financing, filing of an NI 43-101 technical report (but not a resource estimate at this stage), execution of a formal definitive agreement, and final approval from the TSX Venture Exchange. Why this matters Pinnacle Silver & Gold's acquisition of the El Potrero project represents a significant growth opportunity in a prolific mining region. Investors are encouraged to conduct thorough due diligence to fully understand the potential and risks associated with this promising venture. With its prime location, historical resources, and experienced management team, Pinnacle is well-positioned to deliver substantial value to its shareholders. For more information and to stay updated on Pinnacle's progress, visit Pinnacle's [website]( and explore the wealth of resources available to investors. Join the discussion: Find out what everybody's saying about this junior gold stock on the [Pinnacle Silver and Gold Corp. Bullboard]( and check out [Stockhouse's stock forums and message boards](. [VIEW COMPANY WEBSITE]( This is sponsored content issued on behalf of Pinnacle Silver & Gold Corp., please see full disclaimer [here](. The Information in a Stockhouse Publishing Ltd. Stockhouse Alert is a paid advertisement and is for the viewers information only. The corporate information is purely and solely the responsibility of Pinnacle Silver & Gold Corp and it is neither commented upon, researched, or in any manner the responsibility of Stockhouse Publishing Ltd., whose only function is as a supplier of media facilities. Any information provided by the advertisers of Stockhouse Publishing Ltd., through its media services, is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided purely as an informational media service. 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