Pinnacle Provides Update on Proposed Acquisition of El Potrero Gold-Silver Project in Mexico

Pinnacle Provides Update on Proposed Acquisition of El Potrero Gold-Silver Project in Mexico

(TheNewswire)

Pinnacle Silver and Gold Corp.

VANCOUVER, BRITISH COLUMBIA, January 29, 2025 TheNewswire - (TSXV: PINN; OTC:NRGOF; Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to provide an update on the proposed acquisition of a staged option to acquire up to a 100% interest, subject to a 2% NSR, in the Potrero gold-silver project in Durango, Mexico, as announced in Pinnacle news release of Oct. 28, 2024 .

As the proposed acquisition is subject to TSX Venture Exchange (the "TSXV") acceptance and the transaction is considered by the TSXV to be a "Fundamental Acquisition", Section 3.5 of Exchange Policy 3.3 requires regular updates on the progress of the transaction.

As the original Letter of Intent provided for a three-month period to conduct due diligence and sign a Definitive Agreement (the "DA"), the Company and the vendor have signed an extension until February 21, 2025 to complete the DA and allow time for a review by the TSXV.  All technical due diligence has been completed, and the requisite NI 43-101 Technical Report has been reviewed and deemed suitable for filing by the TSXV, with the final executed version to be submitted prior to closing.  Initial comments regarding the Title Opinion have been addressed and a revised version has been submitted for review. The preparation of the DA is in the final stages and the concurrent financing is almost complete.  There is no change to the terms of the financing.  Subject to the review process and final acceptance by the TSXV, the Company anticipates that the transaction, including the financing, should close by mid-February.

   ABOUT PINNACLE SILVER AND GOLD CORP.

Pinnacle is focused on district-scale exploration for precious metals in the Americas.  In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon . The addition of the high-grade Potrero gold-silver project in Mexico's Sierra Madre Belt will complement the project portfolio and provide the potential for near-term production . 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: info@pinnaclesilverandgold.com 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 .

Copyright (c) 2025 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

PINN:CC
Pinnacle Silver and Gold

Pinnacle Silver and Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Pinnacle Silver and Gold (TSXV:PINN)

Pinnacle Silver and Gold


Keep reading...Show less

District-scale silver-gold exploration and development in the Americas

Pinnacle Provides Progress Report on Field Work at El Potrero Gold-Silver Project and Grants Incentive Stock Options

Pinnacle Provides Progress Report on Field Work at El Potrero Gold-Silver Project and Grants Incentive Stock Options

(TheNewswire)

Pinnacle Silver and Gold Corp.

VANCOUVER, BRITISH COLUMBIA TheNewswire - April 17, 2025 (TSXV: PINN, OTC: NRGOF, Frankfurt: X6C) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to provide an update on progress at the recently acquired high-grade gold-silver El Potrero property in Durango, Mexico (see Pinnacle news releases dated February 24 and 25, 2025 ).

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
VIDEO - CEO Clips - Pinnacle Silver & Gold: Advancing a High-Grade Gold & Silver Project in Mexico

VIDEO - CEO Clips - Pinnacle Silver & Gold: Advancing a High-Grade Gold & Silver Project in Mexico

Pinnacle Silver & Gold (TSXV: PINN) (OTC Pink: NRGOF Advancing high-grade gold and silver exploration in Mexico, Pinnacle Silver and Gold is focused on revitalizing a past-producing asset in a well-established mining district. With existing infrastructure in place and a strategic plan to restart production within the next few years, the company is positioned to generate near-term cash flow while expanding its resource base for long-term growth.

www.b-tv.com/post/ceo-clips-pinnacle-silver-gold-advancing-a-high-grade-gold-silver-project-in-mexico-btv-60

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Pinnacle Samples up to 12.2 g/t Gold Equivalent and Commences Field Work at El Potrero Gold-Silver Project

Pinnacle Samples up to 12.2 g/t Gold Equivalent and Commences Field Work at El Potrero Gold-Silver Project

(TheNewswire)

Pinnacle Silver and Gold Corp.

VANCOUVER, BRITISH COLUMBIA, March 18, 2025 TheNewswire - (TSXV: PINN, OTC: NRGOF, Frankfurt: X6C) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to provide further details on the preliminary underground sampling program that was conducted as part of the due diligence work on the recently acquired high-grade gold-silver El Potrero property in Durango, Mexico (see Pinnacle news releases dated February 24 and 25, 2025). The Company also announces that Phase I field work has commenced on the project.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Canadian Investment Regulatory Organization Trade Resumption - PINN

Canadian Investment Regulatory Organization Trade Resumption - PINN

Trading resumes in:

Company: Pinnacle Silver and Gold Corp.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Pinnacle Closes Non-Brokered Private Placement and Associated Acquisition of El Potrero Option

Pinnacle Closes Non-Brokered Private Placement and Associated Acquisition of El Potrero Option

(TheNewswire)

Pinnacle Silver and Gold Corp.

VANCOUVER, BRITISH COLUMBIA, February 25, 2025 TheNewswire - (TSXV: PINN, OTC: NRGOF, Frankfurt: X6C) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") announces that, further to the Company's news releases dated October 28, 2024, December 10, 2024, January 29, 2025 and February 24, 2025, it has closed its non-brokered private placement and the associated staged option to acquire up to a 100% interest in the Potrero property in Durango, Mexico (the "Acquisition").  For more information on the Acquisition, please refer to the Company's news release of February 24, 2025.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Lahontan Announces Upsize to Private Placement of Units

Lahontan Announces Upsize to Private Placement of Units

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (the "Company" or "Lahontan") is pleased to announce that, further to its press release of April 8, 2025, the Company has increased the size of its non-brokered private placement financing to up to 44,000,000 units (each, a "Unit") at a price of $0.05 per Unit for aggregate gross proceeds of up to $2,200,000 (the "Offering").

Each Unit is comprised of one common share of the Company (each, a "Common Share") and one-half of one whole Common Share purchase warrant (each whole warrant, a "Warrant") of the Company. Each Warrant entitling the holder thereof to purchase one Common Share at a price of $0.08 per Common Share for a period of two (2) years from the date of issuance, provided, however, that should the closing price at which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) exceed CDN$0.12 for ten (10) consecutive trading days at any time following the date that is four months and one day after the date of issuance, the Company may accelerate the Warrant Term (the "Reduced Warrant Term") such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Radisson Announces Fully Subscribed C$7 Million Private Placement

Radisson Announces Fully Subscribed C$7 Million Private Placement

Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) (FSE: 2RX) ("Radisson" or the "Company") is pleased to announce that it intends to raise C$7 Million in a non-brokered private placement (the "Offering"), with the proceeds directed towards advancing the exploration and development of the Company's O'Brien Gold Project located in the Abitibi region of Québec and for general corporate purposes.

The Offering will include the sale of the following securities (collectively, the "Securities"):

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Providence Update on Tuolumne Property Lease

Providence Update on Tuolumne Property Lease

(TheNewswire)

Providence Gold Mines Inc.

TheNewswire - Vancouver, BC - Providence Gold Mines Inc. ("the Company") announces that effective April 18, 2025, the Company's lease agreement with the Ellers Family Trust, dated March 28, 2017 and amended April 24, 2019 and May 24, 2020, has been terminated. The lease agreement granted the Company a lease of claims comprising the Tuolumne Property in California (the " Property ") and options to acquire a 50% working interest in the Property or purchase 100% right, title and interest in the Property. The Company intends to focus its efforts on securing a new lease for the Property on favorable terms to the Company.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Element79 Gold Corp. Provides Update on Chachas General Assembly

Element79 Gold Corp. Provides Update on Chachas General Assembly

(TheNewswire)

Element79 Gold Corp.

Vancouver, British Columbia TheNewswire - April 17, 202 5 Element79 Gold Corp. (CSE: ELEM | FSE: 7YS0 | OTC: ELMGF ) ( the "Company") herein provides an update on the latest community engagement and ongoing development efforts in the Rural Community of Chachas ("Chachas") for its Minas Lucero Project in Arequipa, Peru.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Opawica Explorations Intersects a 60 Meter Mineralized Zone at its Bazooka Property in the Abitibi Gold Belt

Opawica Explorations Intersects a 60 Meter Mineralized Zone at its Bazooka Property in the Abitibi Gold Belt

(TheNewswire)

Opawica Explorations Inc.

April 17th, 2025 TheNewswire - Vancouver, B.C. Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTC: OPWEF) (the "Company" or "Opawica"), a Canadian mineral exploration company focused on precious and base metal projects in the Abitibi gold belt, provides an update on its 2025 exploration campaign at the Bazooka Property ("Bazooka") .

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Pinnacle Silver and Gold

Pinnacle Silver and Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×