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 Issues Shares for Debt

Pinnacle Issues Shares for Debt

(TheNewswire)

Pinnacle Silver and Gold Corp.

VANCOUVER, BRITISH COLUMBIA, June 16, 2025 TheNewswire - (TSXV: PINN, US: NRGOF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") announces that, in order to conserve capital and improve the balance sheet, it has agreed with certain creditors to accept shares in the company in settlement of their debt. The aggregate number of shares to be issued, subject to TSXV approval, is 2,491,667 at a price of $0.06 per share, for settlement of $149,500.00. All securities issued will be subject to a four-month hold period which will expire on the date that is four months and one day from the date of issue.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Pinnacle Reports High-Grade Gold-Silver on Surface and in Underground Workings at El Potrero Project

Pinnacle Reports High-Grade Gold-Silver on Surface and in Underground Workings at El Potrero Project

(TheNewswire)

Pinnacle Silver and Gold Corp.

VANCOUVER, BRITISH COLUMBIA TheNewswire - June 2, 2025 (TSXV: PINN, OTC: NRGOF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to announce that systematic sampling of the historic underground workings at the Pinos Cuates Mine on the El Potrero property in Durango, Mexico (see Figure 1) has resulted in the definition of a lens of high-grade gold and silver mineralization, with individual samples returning up to 37.3 gt gold (Au) and 346 gt silver (Ag).

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Pinnacle Silver and Gold Corp. Announces Participation in THE Mining Investment Event, Quebec City, June 3-5, 2025

Pinnacle Silver and Gold Corp. Announces Participation in THE Mining Investment Event, Quebec City, June 3-5, 2025

Pinnacle Silver and Gold Corp. (TSXV: PINN) (OTC: NRGOF), an Americas-focused silver-gold exploration and development company, is pleased to announce that it will be participating in THE Mining Investment Event, Canada's Only Tier 1 Global Mining Investment Conference©, taking place June 3-5, 2025, at the Quebec Convention Centre, Quebec City, Canada.

Pinnacle Silver and Gold Corp.'s management will be available to meet with investors throughout the three-day conference.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
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
LaFleur Minerals Inc.   Stands Out in Prolific Canadian Gold-Producing Region

LaFleur Minerals Inc. Stands Out in Prolific Canadian Gold-Producing Region

Via InvestorWire — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of 70+ brands within the Dynamic Brand Portfolio at IBN a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.

To view the full publication please visit: " From Exploration to Execution: New Gold Player Emerges in One of Canada's Premier Mining Districts "

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Heliostar Reports Multiple Stockpile Assays Including 10.7m of 1.81 g/t Gold at La Colorada Mine

Heliostar Reports Multiple Stockpile Assays Including 10.7m of 1.81 g/t Gold at La Colorada Mine

HIGHLIGHTS:

  • 10.7m grading 1.81 g/t gold from surface
  • 19.8m grading 0.62 g/t gold from 4.6 metres
  • 13.7m grading 0.61 g/t gold from surface
  • 9.10m grading 0.87 g/t gold from surface
  • Additional drilling success at the Truckshop stockpile fits La Colorada's strategy to maximize cashflow ahead of pit expansions
  • Definition of stockpiles ongoing at La Colorada with next drilling planned at El Dorado

Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce results from the Truckshop stockpile at its operating La Colorada Mine in Sonora, Mexico. This is part of an ongoing drilling program across multiple targets at the mine. La Colorada has been profitably producing precious metals from stockpiles through the first half of 2025.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Silver Crown Royalties Announces Closing of First Tranche of its Non-Brokered Private Placement

Silver Crown Royalties Announces Closing of First Tranche of its Non-Brokered Private Placement

(TheNewswire)

Silver Crown Royalties

TORONTO, ON TheNewswire - June 24, 2025 –Silver Crown Royalties Inc. (" Silver Crown ", " SCRi ", the " Corporation ", or the " Company ") (Cboe:SCRI; OTCQX:SLCRF; FRA:QS0) is pleased to announce that the Company has successfully closed the first tranche (" First Tranche ") of its non-brokered offering of units of the Company (" Units ") for gross proceeds of up to $2,000,000 that was previously announced on May 20, 2025 (the " Offering "). The Company issued 102,838 Units at a price of C$6.50 per Unit pursuant to the First Tranche for gross proceeds of approximately C$668,447.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Halcones Precious Metals Grants Stock Options and Restricted Share Units

Halcones Precious Metals Grants Stock Options and Restricted Share Units

Halcones Precious Metals Corp. (TSX-V: HPM) (the " Company " or " Halcones ") announces it has granted a total of 3,500,000 stock options ("Options") to purchase common shares of the Company to certain officers, directors and consultants pursuant to the Company's Stock Option Plan. Such Options are exercisable into common shares of the Company at an exercise price of $0.10 per common share for a period of two years from the date of grant.

In addition, the Company has issued a total of 4,550,000 restricted share units ("RSUs") to certain directors, officers and consultants of the Company in accordance with the Company's Restricted Share Unit and Deferred Unit Plan. The RSUs will vest annually in equal installments over a three-year period beginning on the one-year anniversary of the grant date.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
LaFleur Minerals Advancing Restart of Beacon Gold Mill and Bulk Sample for Swanson Gold Project

LaFleur Minerals Advancing Restart of Beacon Gold Mill and Bulk Sample for Swanson Gold Project

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is advancing towards a restart of the Company's 100%-owned Beacon Gold Mill in Val-d'Or, Québec and a Preliminary Economic Assessment (PEA) as it aims to restart production at the mill by early 2026. LaFleur Minerals plans to immediately launch a minimum 5,000-metre diamond drilling program at its highly prospective, district-scale Swanson Gold Project ("Swanson"). LaFleur Minerals also reiterates key results of its recent exploration programs, including an update on its diamond drilling and bulk sampling plans at Swanson, refer to LaFleur Minerals News Release dated June 4, 2025 and the LaFleur Minerals Webinar Replay dated June 5, 2025.

News Provided by Newsfile 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

×