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
Pinnacle Provides Reminder on the Company's Upcoming Annual General Meeting

Pinnacle Provides Reminder on the Company's Upcoming Annual General Meeting

(TheNewswire)

Pinnacle Silver and Gold Corp.

VANCOUVER, BRITISH COLUMBIA TheNewswire - January 09, 2025 (TSXV: PINN; OTC:NRGOF; Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") wishes to remind shareholders that the company's annual general meeting is set to take place virtually on January 10, 2025, at 11:00am, for the following purposes:

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Pinnacle Provides Updates on Proposed Acquisition of El Potrero Gold-Silver Project in Mexico, and on Canada Postal Strike and Mailing of the Company's 2024 Annual General Meeting Materials

Pinnacle Provides Updates on Proposed Acquisition of El Potrero Gold-Silver Project in Mexico, and on Canada Postal Strike and Mailing of the Company's 2024 Annual General Meeting Materials

(TheNewswire)

Pinnacle Silver and Gold Corp.

VANCOUVER, BRITISH COLUMBIA, December 10, 2024 TheNewswire - (TSXV: PINN; OTC:NRGOF; Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is providing 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 .

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Pinnacle Signs Letter of Intent for Option to Acquire High-Grade Gold-Silver Project in Sierra Madre Trend of Mexico

Pinnacle Signs Letter of Intent for Option to Acquire High-Grade Gold-Silver Project in Sierra Madre Trend of Mexico

(TheNewswire)

Pinnacle Silver and Gold Corp.

Highlights:

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Pinnacle Silver and Gold Provides Corporate Update and Grants Incentive Stock Options

Pinnacle Silver and Gold Provides Corporate Update and Grants Incentive Stock Options

(TheNewswire)

Pinnacle Silver and Gold Corp.

VANCOUVER, BRITISH COLUMBIA, September 23, 2024 - TheNewswire - (TSXV: PINN; OTC: NRGOF; Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to provide an update on corporate activities . As previously stated, the Company is actively engaged in seeking out new silver and gold exploration and development opportunities in the Americas, with particular focus on Mexico and Peru.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Pinnacle Closes Non-Brokered Private Placement

Pinnacle Closes Non-Brokered Private Placement

(TheNewswire)

Pinnacle Silver and Gold Corp.

VANCOUVER, BRITISH COLUMBIA, May 29, 2024 TheNewswire (TSXV: PINN, OTC: NRGOF, Frankfurt: X6C) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") announces that it has closed its previously announced (April 12, 2024) non-brokered private placement (the "Offering").  The placement consists of 17,333,333 units (the "Units") with each Unit comprising one common share ("Share") in the capital of the Company and one-half share purchase warrant ("Warrant"), for gross proceeds of $520,000.  Each whole Warrant shall be convertible into an additional Share at an exercise price of $0.05 for a period of 24 months from the date of issuance.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Zodiac Gold Announces New $1M Financing, and Amends Previously Announced Debt Settlement

Zodiac Gold Announces New $1M Financing, and Amends Previously Announced Debt Settlement

Zodiac Gold Inc. (TSXV: ZAU) ("Zodiac Gold" or the "Company"), a West-African gold exploration company, announces further to the Company's news releases dated November 20, 2024, and January 3, 2025, it has closed its private placement for gross proceeds of approximately C$123,000 with no further tranches closed. The Company will commence a new offering of units for C$0.07 per unit for aggregate gross proceeds of up to C$1,000,000 (the "New Financing").

In connection with the end of the previous financing and the commencement of the New Financing, the Company also intends to amend the exercise price of the 1,230,000 share purchase warrants issued pursuant to the previous financing from C$0.15 per share to C$0.12 per share. The proposed amendment is subject to the receipt of all necessary approvals from the TSX Venture Exchange ("TSXV").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Opawica Engages RJLL to Commence Drill Campaign at its Flagship Gold Project in the Abitibi Gold Belt

Opawica Engages RJLL to Commence Drill Campaign at its Flagship Gold Project in the Abitibi Gold Belt

(TheNewswire)

Opawica Explorations Inc.

February 6th, 2024 Vancouver, B.C. TheNewswire - Opawica Explorations Inc. . (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the "Company" or "Opawica") has engaged the services of RJLL Forage Drilling ("RJLL") of Rouyn-Noranda, QC, to conduct drilling on the Bazooka Property ("Bazooka") in the Abitibi Gold Belt. The company possesses over 100 years of drilling expertise, including extensive prospecting experience in the Abitibi region, having undertaken successful drill programs with numerous exploration and Major companies in the area.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Heliostar Announces New Chief Financial Officer

Heliostar Announces New Chief Financial Officer

Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce that it has appointed Ms. Vitalina Lyssoun as Chief Financial Officer ("CFO"), effective March 3, 2025.

Ms. Lyssoun brings over 16 years of financial expertise, with a focus on the resource sector, to her new role. Most recently, she built and led the corporate accounting team at Gatos Silver Inc., including through their recent merger with First Majestic Silver Corp. Ms. Lyssoun was also responsible for developing Gatos Silver's inaugural Sarbanes-Oxley Act compliance program across the organization. Previously, she held positions of increasing responsibilities at Endeavour Mining Plc and QuadReal Property Group.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
SCRi Closes First Tranche of its Third Producing Royalty and Announces Non-Brokered Private Placement

SCRi Closes First Tranche of its Third Producing Royalty and Announces Non-Brokered Private Placement

(TheNewswire)

Silver Crown Royalties

TORONTO, ON TheNewswire - FEBRUARY 6, 2025 Silver Crown Royalties Inc. ( "Silver Crown" "SCRi" or the "Corporation" or the "Company" ) is pleased to announce the closing of the first tranche of (" First Tranche ") of its previously announced royalty with PPX Mining Corp. (" PPX ") for up to 15% of the cash equivalent of silver produced from the Igor 4 project in Peru, and the concurrent launch of a non-brokered private placement offering of units.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Riverside Resources and Fortuna Mining Progress with Phase 2 Exploration Program After Positive Drill Results from Q4 2024 Cecilia Drill Program Sonora, Mexico

Riverside Resources and Fortuna Mining Progress with Phase 2 Exploration Program After Positive Drill Results from Q4 2024 Cecilia Drill Program Sonora, Mexico

Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) ("Riverside" or the "Company"), is pleased to announce that the next stage of exploration is now progressing, following the successful completion of the joint Q4 2024 drilling program at the Cecilia Gold Project in Sonora, Mexico. The drill program was conducted in partnership with Fortuna Mining, which continues to advance their earn-in option on the project (See news release: March 13, 2024). Riverside, acting as the operator, completed an initial five-hole, 2,250-meter drilling campaign designed to test four distinct target areas generally with one geological evaluation drill hole per target to seek scale and evidence of a potentially strong hydrothermal system which would set up for a follow up 2025 exploration program which has now begun. The drilling in Q4 hit favorable indicators as outlined below and continued to develop the district scale targets both at Cerro Magallanes and on the broader >60 km sq property package with vast areas to expand.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Further broad intercepts of high-grade gold at Jasper Hills

Further broad intercepts of high-grade gold at Jasper Hills

Brightstar Resources (BTR:AU) has announced Further broad intercepts of high-grade gold at Jasper Hills

Download the PDF here.

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

×