Pinnacle Silver and Gold (TSXV:PINN) stands out as a promising precious metals explorer with its strategic focus on high-potential projects in North and South America. The company presents a compelling investment opportunity in the precious metals sector as it continues to advance its existing projects and pursue new opportunities, offering investors an attractive entry point into the dynamic world of silver and gold exploration.
The company is strategically positioned to capitalize on the growing demand for these valuable resources driven by several key factors including a robust pipeline of projects at various stages of exploration and development and effective capital management practices.
El Potrero lies within 35 km of four operating mines, including the 4,000 tons-per-day (tpd) Ciénega mine by Fresnillo, Luca Mining’s 1,000 tpd Tahuehueto mine, and the 250 tpd Topia mine owned by Guanajuato Silver. The El Potrero property had undergone small-scale production from 1989 to 1990 and contains a 100 tpd plant that can be refurbished/rebuilt at relatively low cost.
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Pinnacle Silver and Gold presents a compelling investment opportunity in the precious metals sector as it continues to advance its existing projects and pursue new opportunities, offering investors an attractive entry point into the dynamic world of silver and gold exploration.
Pinnacle Silver and Gold (TSXV:PINN, OTC:PSGCF; Frankfurt:P9J) stands out as a promising player in the precious metals exploration sector. With its strategic focus on high-potential projects, commitment to responsible mining practices, and experienced leadership team, the company is well-positioned for growth.
As an exploration company focused on silver and gold projects in the Americas, Pinnacle is strategically positioned to capitalize on the growing demand for these valuable resources. The company's investment appeal stems from several key factors:
The company’s business strategy involves the acquisition of past-producing mines that can be put back into production quickly to generate cash flow. By focusing on high-grade, underground mines, Pinnacle can leverage low capex, a smaller operational footprint, easier and faster permitting process and protection against metal price volatility. At the same time, the company conducts brownfield exploration for resource expansion, increasing its potential for district-scale discovery.
Pinnacle's emphasis on creating shareholder value is evident in its approach to project selection and development. The company's portfolio is carefully curated to balance near-term production potential with long-term growth prospects, offering investors exposure to both immediate returns and future upside.
The 100 percent owned Argosy Gold Mine project is located in the northern part of the Birch-Uchi Greenstone Belt of the Superior Province of the Precambrian Shield, and just 10 km northwest of First Mining Gold’s Springpole deposit, which contains 4.7 million ounces of gold in the indicated category. The Birch-Uchi Belt lies between the prolific Red Lake and Pickle Lake Greenstone Belts and contains similar geology. Located 110 kilometres east-northeast of Red Lake, the property hosts the most significant past-producing gold mine in the Birch-Uchi Belt, with 101,875 oz of gold produced at 12.7 grams per ton (g/t) between 1931 and 1952.
Diamond drilling in October 2002 by a previous operator confirmed the extension of the gold mineralization below the old workings with intercepts of 11.75 g/t over 1.55 m and 14.39 g/t over 0.7 m on the Number 2 Vein, 100 m below the old mine development. Additional intercepts of 14.67 g/t over 1.7 m on the Number 3 Vein, and 12.02 g/t over 1.29 m on the Number 8 Vein highlight the potential to build resources on parallel, un-mined veins.
There is exceptional exploration potential on the property and the company is actively expanding its exploration efforts to delineate the full extent of the mineralization.
The 3,850 hectare, 100 percent owned North Birch gold project lies in the northwestern corner of the Birch-Uchi Greenstone Belt in the Red Lake mining division of northwestern Ontario, roughly 110 km northeast of the town of Red Lake. The Birch-Uchi Belt is considered to have similar geology to the Red Lake Belt but has seen less exploration and is about three times larger. The North Birch project covers a geological setting identified from airborne magnetic surveys and interpreted as a favorable environment for gold mineralization. The property covers an intensely folded and sheared iron formation similar in appearance to the one hosting Newmont Goldcorp’s Musselwhite Mine (past production, reserves and resources exceed 8 million ounces of gold), some 190 kilometers to the northeast. In addition, the stratigraphy underlying the bulk of both properties is interpreted as Cycle I volcanics, which are thought by some workers to be equivalent to the Balmer Assemblage, host of the prolific Campbell/Red Lake gold orebody (more than 20 million ounces of gold in past production and reserves) in the adjacent Red Lake Greenstone Belt.
Located about 4 km from the Argosy Gold Mine, North Birch has undergone minimal previous exploration, making it a largely grassroots prospect. The property covers an interpreted geological setting that is considered to be highly prospective for both iron formation hosted and high-grade quartz vein hosted gold mineralization.
In a strategic move to diversify its portfolio, Pinnacle has signed a letter of intent for an option to acquire a high-grade El Potrero gold-silver project in the Sierra Madre Trend of Mexico. This expansion underscores the company's commitment to growth and its ability to identify and secure promising opportunities in key mining jurisdictions.
El Potrero lies within 35 km of four operating mines, including the 4,000 tons-per-day (tpd) Ciénega mine by Fresnillo, Luca Mining’s 1,000 tpd Tahuehueto mine, and the 250 tpd Topia mine owned by Guanajuato Silver. The El Potrero property had undergone small-scale production from 1989 to 1990 and contains a 100 tpd plant that can be refurbished/rebuilt at relatively low cost.
The property hosts a 4 km strike length of a northwest-southeast trending epithermal vein system with high-grade gold and silver mineralization. The veins are brecciated and hosted in andesitic volcanics of the Tertiary Lower Volcanic Series near the contact with the overlying Upper Volcanic Series. Multiple small mines, accessible by adits into the side of the hill, exist along the system and some have been exploited in the 1980’s and possibly before. Vein widths are reported to be in the 0.5 to 10 meter range. Vein textures indicate the mines may be sitting fairly high in the epithermal system implying good potential to extend the mineralization to depth.
Under the terms of the agreement, Pinnacle will earn an initial 50 percent interest immediately upon commencing production. The goal would then be to generate sufficient cash flow with which to further develop the project and increase the company’s ownership to 100 percent subject to a 2 percent NSR. If successful, this approach would be less dilutive for shareholders than relying on the still challenging equity markets to finance the growth of the company.
Robert Archer has more than 40 years’ experience in the mining industry, working throughout the Americas. After spending more than 15 years with major mining companies, Archer held several senior management positions in the junior mining sector and co-founded Great Panther Mining, a mid-tier precious metals producer, where he served as president and CEO from 2004 to 2017 and director until 2020. He joined Pinnacle as a director in March 2018 followed by his appointment as CEO in January 2019 and president in October 2021. Archer is a professional geologist and holds an Honours BSc from Laurentian University in Sudbury, Ontario.
David Cross is a CPA and CGA with over 21 years’ experience in the junior sector with a focus on finance and corporate governance. He is currently a partner of Cross Davis and Company LLP Chartered Professional Accountant, which specializes in accounting and management services for private and publicly listed companies within the mining industry, and has recently been appointed CFO of Ashburton Ventures.
Colin Jones is principal consultant for Orimco Resource Investment Advisors in Perth, Australia. He has almost 40 years’ experience as a mining, exploration and consulting geologist in a number of different geological environments on all continents. He has managed large exploration and due diligence projects, and has undertaken numerous bankable technical audits, technical valuations, independent expert reports and due diligence studies worldwide, most of which were on behalf of major international resource financing institutions and banks. Jones holds a Bachelor of Science (Earth Sciences) degree from Massey University, NZ.
David Salari has worldwide experience in the design, construction and operation of extractive metallurgical plants. He is an engineer with more than 35 years of experience in the mining and mineral processing field. He is currently the president and CEO of DENM Engineering.
Ron Schmitz is the principal and president of ASI Accounting Services, providing administrative, accounting and office services to public and private companies since July 1995. Schmitz has served as a director and/or chief financial officer of various public companies since 1997, and currently holds these positions with various public and private companies.
District-scale silver-gold exploration and development in the Americas
(TheNewswire)
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VANCOUVER, BRITISH COLUMBIA, July 03, 2025 TheNewswire - (TSXV: PINN, OTC: PSGCF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to announce that its common shares, previously trading on the OTC Market under the ticker symbol "NRGOF", will begin trading on the OTC Market under the ticker symbol "PSGCF" effective today, Thursday, July 3, 2025.
The new symbol better reflects the company's current name, making it easier and more intuitive for shareholders and potential investors to trade the company's shares on the OTC Market.
About Pinnacle Silver and Gold Corp.
Pinnacle is focused on district-scale exploration for precious metals in the Americas. The high-grade Potrero gold-silver project in Mexico's Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production . 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 . 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 A. 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
(TheNewswire)
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VANCOUVER, BRITISH COLUMBIA TheNewswire - June 25, 2025 (TSXV: PINN, OTC: NRGOF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to provide an update on the high-grade Potrero gold-silver property in Durango, Mexico (see Figure 1). While surface and underground mapping and sampling continues, a recent site visit was conducted for consultants to assess the condition of the processing plant and provide guidance on potential permitting procedures.
"We continue to make excellent progress in moving the Potrero Project forward," stated Robert Archer, Pinnacle's President & CEO. "I joined our consultants in a comprehensive site review last week that provided valuable guidance for permitting and a plant re-build and we are encouraged on both fronts. In parallel, our geological team is making significant strides in their interpretation of the gold-silver mineralizing system at El Potrero and we are commencing plans for an underground drilling program in addition to surface drilling. To date, we have taken in excess of 600 rock samples from underground and surface, with the latest batch in the SGS lab in Durango, and are starting to get a good understanding of the geology that will be critical in the planning stages going forward."
Geological Program
A review was conducted with the geological team whereby the importance of a quartz-feldspar (+/- biotite) porphyry dyke is being recognized as it follows the same structure that hosts the mineralized quartz breccia vein system (see Figure 2). These types of dykes, and their potential association with rhyolite domes, are commonly associated with epithermal systems.
The dyke is pre-mineral as evidenced by the presence of quartz veinlets and associated weak gold-silver values within. It may have provided a competency contrast with the host andesitic volcanics and/or opened up the structure for the injection of mineralizing fluids. As such, the presence of the dyke appears to be an important component in localizing gold-silver mineralization within the breccia and may well become a critical exploration feature.
In particular, it was observed that some of the underground workings are entirely within the dyke and the presence of potentially mineralized vein breccia, presumably in the wall of the workings, needs to be drill-tested. The possibility of doing this via an underground drilling program is currently being assessed as it could be faster and cheaper than a surface drill program.
Follow-up sampling is being conducted in the areas of high-grade gold-silver mineralization that has been identified to date, including the upper level of the historic Pinos Cuates mine (see Figure 3) where composite channel samples returned up 19.4 grams per tonne gold (g/t Au) and 266 grams per tonne silver (g/t Ag) over 4.1 m etres, with individual samples returning up to 37.3 g/t Au and 346 g/t Ag ( see Pinnacle news release of June 2, 2025 ).
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Figure 1: Regional location map of the Potrero Project, Durango, Mexico
Additional channel sampling is also being conducted in areas that were previously restricted by accessibility that has now been improved by the installation of metal ladders. First pass sampling of the Dos de Mayo mine is complete, with 167 samples taken and submitted to the SGS lab in Durango. Underground mapping and sampling will now progress to the easternmost La Dura and La Dura 2 workings, where fine-grained visible gold and ginguro (grey-black bands of electrum and silver sulphides) were observed on the site visit.
Surface prospecting, mapping and sampling along the main Dos de Mayo vein system is continuing, with cleaning and sampling of historical trenches being conducted in areas of interest such as the old pit with vein material containing visible gold and ginguro that assayed 13.2 g/t Au and 2,280 g/t Ag and 5.2 g/t Au and 745 g/t Ag in two grab samples (see Pinnacle news release of June 2, 2025 ).
A program of combined underground and surface diamond drilling is being devised in order to systematically test the Dos de Mayo vein system. Underground drilling would consist of short (10-20 metres), closely spaced (10-15 metres) holes drilled into the walls of the underground workings and would be designed to test the width, continuity and grade of the breccia vein. Results would be used to guide future mine development. Surface holes would be more widely spaced (potentially 50 metres) and would be designed to give a more complete cross-section through the 500 metre mine area as well as test the continuity of the vein structure and mineralization along strike of the historic mines. Further details will be provided in due course.
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Figure 2: Preliminary geology of the Potrero Project showing vein projections and historic mines
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Figure 3: Longitudinal section, looking southwest, of underground workings at the Potrero Project.
Plant Assessment
With access roads to the project and the area around the plant having been completely cleaned up, an inspection was conducted by a plant consultant to assess the approximate cost and schedule to get it ready for production again. While a final report will be submitted to the company within approximately 3-4 weeks, it was determined that the basic infrastructure (framework, excavation and civil pads) appears to be sound, thereby significantly reducing both costs and time to get it production-ready. As such, future costs required will be focused on specific equipment such as new/refurbished crushers, ball mill, pumps, leaching and solution recovery equipment, and the Merrill Crowe circuit, etc. This will ensure required plant capacity and reliability during operation.
Metallurgical testing will also be undertaken and once all the equipment has been sized and a new flowsheet designed, water balance and connected power requirements will be determined that will, in turn, provide the basis for permitting and discussions with the Comision Federal de Electricidad - the federal electrical commission. The existing power line comes to within about three kilometres of the plant, but a new or upgraded substation may need to be established to provide sufficient power to the site. Potential areas for a dry-stack tailings storage facility were also examined as a means of water recovery and conservation.
Further details will be provided as the assessment progresses.
Permitting
A permit consultant was taken to the project to initiate a site review for the purpose of permitting near-term diamond drilling, mid-term mine development and site preparation, and future production. As anticipated, the Company was advised that the previous disturbance of the site by historic activity will significantly speed up and simplify the permitting process. Guidelines on the requirements for baseline studies, to include extensive photos, soil and water samples, etc. were discussed and a compilation of this material has already been initiated. A more formal proposal from the consultant will be submitted to the Company within the next two weeks, whereby the permitting process can get underway.
At a higher level, meetings were held with the Company's corporate and environmental lawyers to discuss the anticipated process of completing and filing permit applications with the authorities in such a way as to minimize any potential delays.
QA/QC
The technical results contained in this news release have been reported in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Pinnacle has implemented industry standard practices for sample preparation, security and analysis given the stage of the Project. This has included common industry QA/QC procedures to monitor the quality of the assay database, including inserting certified reference material samples and blank samples into sample batches on a predetermined frequency basis.
The systematic chip channel sampling was completed across exposed mineralized structures using a hammer and maul. The protocol for sample lengths established that they were not longer than two metres or shorter than 0.3 metres. The veins tend to be steeply dipping to vertical, and so these samples are reasonably close to representing the true widths of the structures. Samples were collected along the structural strike or oblique to the main structural trend.
All samples were bagged in pre-numbered plastic bags; each bag had a numbered tag inside and were tied off with adhesive tape and then bulk bagged in rice bags in batches not to exceed 40 kg. They were then numbered, and batch bags were tied off with plastic ties and delivered directly to the SGS laboratory facility in Durango, Mexico for preparation and analysis. The lab is accredited to ISO/IEC 17025:2017. All Samples were delivered in person by the contract geologist who conducted the sampling under the supervision of the QP.
SGS sample preparation code G_PRP89 including weight determination, crushing, drying, splitting, and pulverizing was used following industry best practices where all samples were crushed to 75% less than 2 mm, riffle split off 250 g, pulverized split to >85% passing 75 microns (μm). All samples were analyzed for gold using code GA_FAA30V5 with a Fire Assay determination on 30g samples with an Atomic Absorption Spectography finish. An ICP-OES analysis package (Inductively Coupled Plasma - Optical Emission Spectrometry) including 33 elements and 4-acid digestion was performed (code GE_ICP40Q12) to determine Ag, Zn, Pb, Cu and other elements.
Qualified Person
Mr. Jorge Ortega, P. Geo, a Qualified Person, and independent from Pinnacle, as defined by National Instrument 43-101, and the author of the NI 43-101 Technical Report for the Potrero Project, has reviewed, verified and approved for disclosure the technical information contained in this news release.
About the Potrero Property
El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).
High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length. A historic resource based upon underground sampling of those three mines is reported to consist of 45,561 tonnes at 8.0 g/t gold and 186 g/t silver. (These resources are historical in nature and Pinnacle is not treating these estimates as current mineral resources as a qualified person on behalf of Pinnacle has not done sufficient work to classify them as current mineral resources.) The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.
A 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres. Surface rights covering the plant and mine area are privately owned (no community issues).
Pinnacle will earn an initial 50% interest immediately upon commencing production. The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company's ownership to 100% subject to a 2% NSR. If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company.
About Pinnacle Silver and Gold Corp.
Pinnacle is focused on district-scale exploration for precious metals in the Americas. The addition of the high-grade Potrero gold-silver project in Mexico's Sierra Madre Belt complements the Company's project portfolio and provides the potential for near-term production . 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 . 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 A. 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
(TheNewswire)
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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.
The issuance of 2,491,667 common shares to directors and officers of the Company constitutes a "related party transaction" as this term is defined in Multilateral Instrument 61-101: Protection of Minority Securityholders in Special Transactions (" MI 61-101 "). The directors and officers of the Company, acting in good faith, determined that the fair market value of the common shares being issued pursuant to the shares for debt transaction and the consideration being paid is reasonable. The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the common shares nor the debt exceeds 25% of the Company's market capitalization.
About Pinnacle Silver and Gold Corp.
Pinnacle is focused on district-scale exploration for precious metals in the Americas. The addition of the high-grade Potrero gold-silver project in Mexico's Sierra Madre Belt complements the Company's project portfolio and provides the potential for near-term production . 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 . 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 A. 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
(TheNewswire)
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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).
HIGHLIGHTS
Systematic channel sampling of the underground workings at the historic Pinos Cuates Mine has returned composite channel assays of up to 19.4 g/t Au and 266 g/t Ag over 4.1 metres, including 37.3 g/t Au and 346 g/t Ag over 0.6 metres and 31.2 g/t Au and 395 g/t Ag over 0.5 metres.
Underground mapping in the Pinos Cuates mine is outlining a wide, robust vein breccia system with exposed vein widths locally exceeding 10.46 metres and 8.5 metres on the upper and lower levels, respectively. Ultimate widths are not yet known as the outer contacts were not always exposed and will have to be determined by future diamond drilling.
Surface mapping has traced the Dos de Mayo vein system for 1.6 kilometres along strike. Sampling of outcrop exposures was highlighted by a vein in an old pit between the Pinos Cuates and Dos de Mayo Mines, where there are no underground workings, that returned 13.2 g/t gold and 2,280 g/t silver and 5.2 g/t Au and 745 g/t Ag from grab samples. Visible gold and the more typical ‘ginguro' mineralization were observed.
Of the two levels in the mine, the upper level returned the highest grades and most consistent mineralization. T he entire 40-metre length of the upper level adit is variably mineralized, with three composite channels over a strike length of 6 metres returning 19.4 g/t Au and 266 g/t Ag over 4.1 m etres, 13.15 g/t Au and 78 g/t Ag over 1.0 metre, and 11.4 g/t Au and 131 g/t Ag over 2.5 metres. This high-grade mineralization is ‘shouldered' along strike to the northwest and southeast by 4.7 g/t Au and 80 g/t Ag over 4.0 metres and 3.9 g/t Au and 51 g/t Ag over 1.0 metre, respectively. Additional composite channels to the southeast yielded 7.8 g/t Au and 220 g/t Ag over 1.3 metres and 5.0 g/t Au and 272 g/t Ag over 2.0 metres. It should be noted that channel sampling of the full width of the vein exposure was locally restricted by accessibility.
Sampling on the lower level was highlighted by 3.3 g/t Au and 36 g/t Ag over 4.0 metres down-dip of the high-grade section on the upper level and 7.13 g/t Au and 130 g/t Ag over 0.5 metres along strike to the southeast.
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Figure 1: Regional location map of the Potrero Project, Durango, Mexico
Concurrent with the underground program, surface mapping and prospecting along the main Dos de Mayo vein system, resulted in the discovery of an old pit with vein material containing visible gold and ginguro (grey-black bands of electrum and silver sulphides) that assayed 13.2 g/t Au and 2,280 g/t Ag and 5.2 g/t Au and 745 g/t Ag in two grab samples. Investors are cautioned that grab samples, by their nature, provide only a preliminary indication of grades and are not considered representative. Follow up trenching and channel sampling will be conducted here. Situated roughly halfway between the Pinos Cuates and Dos de Mayo mines (Figure 2) , this discovery underscores the potential to connect the mineralization between the historic workings (200 metres).
"We are extremely pleased that we are seeing consistent high-grade gold-silver mineralization this early in the sampling program," stated Robert Archer, Pinnacle's President & CEO. "Furthermore, the discovery of high-grade gold and silver at surface between the historic mines exemplifies the potential to expand the mineralized zones beyond the historic mines. Mapping of the underground workings and surface exposures has been accompanying the sampling such that we are also getting a better understanding of the geological controls on the mineralization. The occurrence of high-grade pockets of mineralization is consistent with low-sulphidation epithermal vein deposits, where the highest grades tend to occur in ‘clavos' or ‘shoots'. These results are an important first step towards defining targets for a drill program later in the year."
Underground Program
Of the three historic mines on the Potrero Property, the Pinos Cuates mine lies roughly halfway between the larger Dos de Mayo mine to the southeast and the Dura mine to the northwest (Figures 2 and 3) and consists of two levels, approximately 25 metres apart, with a raise connecting the two (Figure 4).
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Figure 2: Preliminary geology of the Potrero Project showing vein projections and historic mines
The lower level of the Pinos Cuates mine has a measured length of 96.78 metres with an exposed true vein width ranging from 2.46 to 8.50 metres at its widest point. The vein is actually exposed for only about 45 metres of this length and the remainder follows a felsic porphyry dike. The Upper Level has a measured length of 40.35 metres with an exposed true vein width ranging from 1.42 to 10.46 metres at its widest point. On both levels the width of the vein could be wider as the outer contacts with the wall rock are not always exposed.
The vein strikes 320-330° and dips at 60-72° NE, and the adits have been surveyed such that true vein widths are considered to be approximately 90% of composite channel lengths. A metal ladder has recently been anchored to the inside of the raise, making it safe to sample the walls to give some idea of the vertical continuity of the mineralization.
The underground sampling at Pinos Cuates was conducted as a series of channel samples roughly perpendicular to the Dos de Mayo vein, across the back (ceiling) and the walls of the adits (tunnels) where the vein is exposed. Spacing between channels varies from approximately 2 to 5 metres on the upper level and 2 to 10 metres on the lower level. Individual channel samples do not exceed 1.3 metres in length and composites comprise up to eight individual channels end-to-end. As such, the sampling is considered to be representative of the grades within a particular zone.
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Figure 3: Longitudinal section, looking southwest, of underground workings at the Potrero Project.
On the upper level of the mine, a total of 94 channel samples were taken in 16 composite channels along the length of the adit. On the lower level, 79 samples were taken, forming 16 composite channels over the full length of the level. All samples were assayed for gold, silver and a suite of 32 other elements, including copper, lead and zinc. However, the base metal assays were consistently low, confirming that this is a precious metal dominant system.
On the upper level, gold and silver mineralization extends from one end of the adit to the other (40.35 metres). However, the ginguro bands that carry the highest grades are not always exposed in the underground workings and there has been no historic underground drilling to test the horizontal continuity of the vein or the mineralization. Consequently, the high grades such as 37.3 g/t Au and 346 g/t Ag over 0.6 metres and 31.2 g/t Au and 395 g/t Ag over 0.5 metres are a direct function of the amount of ginguro bands, which is, in turn, related to exposure and accessibility in the historic workings. Future drilling will provide a better sense of the widths of the vein and the continuity of gold-silver mineralization within it.
On the lower level, gold and silver assays were highlighted by 7.13 g/t Au and 130 g/t Ag over 0.5 metres and 3.3 g/t Au and 36 g/t Ag over 4.0 metres , while almost all samples were gold and silver bearing to some degree. This latter channel is down-dip from the high grades in the upper level, suggesting that they are probably connected. However, diamond drilling and/or mine development would be needed to confirm this.
In the better mineralized samples, the silver to gold ratio averages 14 on the lower level vs 28 on the upper level and up to 172 on surface, perhaps indicating a slight metal zonation, with silver content increasing upwards relative to gold.
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Following this program at Pinos Cuates, underground mapping and sampling has commenced at the Dos de Mayo Mine and is well underway, with 113 samples taken to date.
Surface Program
Surface mapping has now extended the vein system along strike to the northwest and southeast for approximately 1,600 metres (see Figure 2). Samples were taken from any veins that were found, with a total of 85 being assayed to date. This was highlighted by the discovery of an old pit with vein material containing visible gold and ginguro that returned assays of 13.2 g/t Au and 2,280 g/t Ag and 5.2 g/t Au and 745 g/t Ag in two grab samples. The pit is located roughly halfway between the Pinos Cuates and Dos de Mayo mines where there are no underground workings and provides evidence of the presence of mineralization within the 200 metre gap between the historic workings.
To the southwest of the Pinos Cuates mine, two other veins, La Estrella and El Capulín, have been mapped and sampled on surface and in small underground workings. At El Capulín, there are structural elements that trend NW-SE parallel to the main trend, but also NE-SW, projecting into the Dos de Mayo vein, approximately 200 metres away. The intersection of the two systems could result in a widening of the veins. In the underground workings, veinlets of crystalline and crustiform quartz and calcite less than 5 cm wide are observed, with very strong interstitial and fracture oxidation. Seven samples have been taken at El Capulín and assays are pending.
At La Estrella, approximately 500 metres southwest of Pinos Cuates, the vein has been mapped on surface over a strike length of 100 metres and varies from 0.95 to 6.0 metres in width. Its general strike is north-south with an inclination of 70° to 80° to the east, but in the north it bends to a northeast strike, much like El Capulín. It can exhibit brecciated, lattice-bladed, and banded textures, and contains clay minerals such as kaolin, and red, orange, and lemon-yellow oxides. Seven samples were taken, of which 4 were inside a 40 metre adit and 3 on the surface. Vein material returned assays of 0.151 to 1.180 g/t Au and 16 to 40 g/t Ag.
It is important to note that the elevation at La Estrella is 1,880 masl, while at Dos de Mayo it is 1,500 masl, representing a difference of 380 metres. This, along with the presence of clays (kaolin) at La Estrella, could indicate that the mapped exposures at La Estrella are high in the epithermal system and that the complete mineralized horizon lies below. This theory will be drill-tested in due course.
Access roads to the project and up to the mine portals have been cleared, the plant has been completely cleaned up, and an inspection has been scheduled for mid-June to assess the approximate cost and schedule to get it ready for production again.
Geology
The Potrero Project lies within the well-known and prolific Topia District of the Sierra Madre gold-silver belt. The Dos de Mayo low-sulphidation epithermal gold-silver system demonstrates a strong northwest-southeast strike that parallels the regional trend of the Sierra Madre and is on strike with the 4,000 tonne per day Ciénega Mine, 35 kilometres to the southeast. The host rock consists of a series of andesitic flows and tuffs of the Lower Volcanic Series and is variably chloritized (propylitic alteration).
Geological mapping on surface and underground has identified a quartz-feldspar-biotite porphyry dike along one or both contacts of the vein. It appears to occupy the same structure as the vein system and is pre-mineral, being locally mineralized with gold and silver. Felsic intrusives such as this are common and important in epithermal systems as they are thought to provide structural preparation, competency contrasts, and a source of heat and mineralizing fluids.
The principal Dos de Mayo vein consists of vein breccia with angular clasts of variable composition, colloform quartz, chalcedonic quartz, bladed quartz and calcite, drusy quartz and bands of opaque, grey quartz. Gold-silver mineralization is associated with grey-black bands of ginguro (fine-grained electrum and silver sulphides). Fine pyrite and iron oxides occur in small quantities locally.
QA/QC
The technical results contained in this news release have been reported in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Pinnacle has implemented industry standard practices for sample preparation, security and analysis given the stage of the Project. This has included common industry QA/QC procedures to monitor the quality of the assay database, including inserting certified reference material samples and blank samples into sample batches on a predetermined frequency basis.
The non-systematic chip channel sampling was completed across exposed mineralized structures using a hammer and maul. The protocol for sample lengths established that they were not longer than two metres or shorter than 0.3 metres. The veins tend to be steeply dipping to vertical, and so these samples are reasonably close to representing the true widths of the structures. Samples were collected along the structural strike or oblique to the main structural trend.
All samples were bagged in pre-numbered plastic bags; each bag had a numbered tag inside and were tied off with adhesive tape and then bulk bagged in rice bags in batches not to exceed 40 kg. They were then numbered, and batch bags were tied off with plastic ties and delivered directly to the SGS laboratory facility in Durango, Mexico for preparation and analysis. The lab is accredited to ISO/IEC 17025:2017. All Samples were delivered in person by the contract geologist who conducted the sampling under the supervision of the QP.
SGS sample preparation code G_PRP89 including weight determination, crushing, drying, splitting, and pulverizing was used following industry best practices where all samples were crushed to 75% less than 2 mm, riffle split off 250 g, pulverized split to >85% passing 75 microns (μm). All samples were analyzed for gold using code GA_FAA30V5 with a Fire Assay determination on 30g samples with an Atomic Absorption Spectography finish. An ICP-OES analysis package (Inductively Coupled Plasma - Optical Emission Spectrometry) including 33 elements and 4-acid digestion was performed (code GE_ICP40Q12) to determine Ag, Zn, Pb, Cu and other elements.
Qualified Person
Mr. Jorge Ortega, P. Geo, a Qualified Person, and independent from Pinnacle, as defined by National Instrument 43-101, and the author of the NI 43-101 Technical Report for the Potrero Project, has reviewed, verified and approved for disclosure the technical information contained in this news release.
About the Potrero Property
El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).
High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length. A historic resource based upon underground sampling of those three mines is reported to consist of 45,561 tonnes at 8.0 g/t gold and 186 g/t silver. (These resources are historical in nature and Pinnacle is not treating these estimates as current mineral resources as a qualified person on behalf of Pinnacle has not done sufficient work to classify them as current mineral resources.) The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.
A 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres. Surface rights covering the plant and mine area are privately owned (no community issues).
Pinnacle will earn an initial 50% interest immediately upon commencing production. The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company's ownership to 100% subject to a 2% NSR. If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company.
About Pinnacle Silver and Gold Corp.
Pinnacle is focused on district-scale exploration for precious metals in the Americas. The addition of the high-grade Potrero gold-silver project in Mexico's Sierra Madre Belt complements the Company's project portfolio and provides the potential for near-term production . 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 . 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 A. 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.
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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.
"We are particularly excited about the global audience that THE Event has attracted, showcasing the best of international mining in Canada. This is a unique chance to engage with industry leaders and innovators, facilitating discussions that will shape the future of our sector. We look forward to seeing many of you there and exploring the possibilities that await us at this prestigious gathering."
Information regarding THE Event, including investor registration details, a list of participating companies, panelists and keynote speakers, as well as a preliminary agenda, can be found at https://www.themininginvestmentevent.com/.
About Pinnacle Silver and Gold Corp.
Pinnacle is focused on district-scale exploration for precious metals in the Americas. The recently acquired high-grade gold-silver El Potrero Project in the prolific Sierra Madre Trend of Durango, Mexico presents on opportunity for near-term resource development and production. With a proven business model of restarting past-producing mines and building the Company out of cash flow, Pinnacle's seasoned and highly successful management team is committed to preserving and building long term, sustainable value for shareholders. Two highly prospective and 100% owned gold projects in the Red Lake Mining Division of Northwestern Ontario lie within 10-12 kilometres of the Springpole Gold Deposit currently under development by First Mining Gold. The past-producing, high-grade Argosy Gold Mine is still open to depth and the adjacent North Birch Project offer additional opportunities for resource definition and district-scale discoveries.
THE Event is by invitation only - Interested investors & issuers, please go here:
https://www.themininginvestmentevent.com/register or contact Jennifer Choi, jchoi@irinc.ca
About: THE Mining Investment Event—Canada's Only Tier 1 Global Mining Investment Conference© is held annually in Québec City, Canada. It is independently sponsored and designed to facilitate privately arranged meetings between mining companies, international investors, and various mining government authorities. The conference provides a platform to hear from some of the most influential thought leaders in the sector.
THE Event is committed to promoting diversity, equality, and sustainability in the mining industry through education and innovation through its unique Student Sponsorship and SHE-Co Initiatives.
Robert Archer
President & CEO
1 (877) 271-5886 ext. 110
info@pinnaclesilverandgold.com
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With a fully permitted, high-grade gold project, established infrastructure and first gold production on the horizon, Maritime Resources is set to become Atlantic Canada’s next gold producer, positioning the company for significant re-rating and long-term growth.
Maritime Resources (TSXV:MAE) is a Canadian gold development company focused on generating near-term cash flow from the Hammerdown gold project, a high-grade past-producer in the prolific Baie Verte mining district of Newfoundland & Labrador. The project is fully permitted, de-risked and shovel-ready, with construction underway and first ore deliveries to the Pine Cove Mill expected in late summer to early fall 2025.
Hammerdown project site
Hammerdown benefits from significant infrastructure synergies, including proximity to paved roads, power, ports and Maritime’s wholly owned Pine Cove processing facility. Unlike many greenfield developers, Maritime is executing a bootstrap production model that leverages its installed infrastructure and local skilled labor to reduce costs, minimize risk and accelerate value creation through short term cash flow generation during a period of record high gold prices
Longer term, the company plans to build out a 100,000 oz/year production platform by incorporating nearby deposits (Orion, Stoger Tight, Deer Cove) and utilizing its idle 700 tpd Nugget Pond gold plant. Maritime’s regional land package includes more than 435 sq km of highly prospective ground with gold, VMS, and porphyry-style mineralization potential.
The Hammerdown gold project is Maritime’s flagship asset and is strategically located near the town of King’s Point in the Baie Verte mining district of Newfoundland and Labrador. A past-producing, high-grade deposit formerly operated by Richmont Mines, Hammerdown is being redeveloped as a shallow open-pit operation. The project hosts proven and probable reserves of 1.89 million tonnes at an average grade of 4.46 grams per ton (g/t) gold for 272,000 oz of contained gold, making it one of the highest grade open pit projects in North America
A feasibility study completed in 2022 outlined annual production of approximately 50,000 oz over a 5-year mine life, with attractive economics including a pre-tax NPV (5 percent) of US$251 million at a gold price of US$2,500/oz and an all-in sustaining cost (AISC) of US$912/oz. Since then Maritime has taken steps to de-risk the project including acquiring the Pine Cove mill, allowing for significant savings in capital costs compared to using the Nugget Pond mill.
The processing plan entails crushing ore on site and trucking it approximately 130 km to the Pine Cove Mill. Maritime has completed all major permitting for the project, and construction began in spring 2025 with pre-stripping, civil works and crushing infrastructure installation. The company completed more than 8,750 meters of tight-spaced (10x10 meters) grade control drilling, confirming excellent continuity and high-grade intercepts such as 24.5 g/t gold over 13.9 meters, including 42.2 g/t over 8.0 meters. First gold production is expected in late summer to early fall 2025, with ramp-up to 700 tpd mill feed supported by the fully operational Pine Cove Mill.
Pine Cove gold pour
Located near Baie Verte, the Pine Cove Mill is a 1,300-ton-per-day gold processing facility recently brought back online after two years of care and maintenance. The mill flowsheet includes crushing, grinding, flotation, regrinding of the float concentrate and Merrill-Crowe leaching circuits for gold doré production. The facility will be upgraded with a new 500 hp regrind circuit (replacing a 150 hp unit), a ball mill inching drive, and an enhanced material handling system to optimize recovery and reliability. The site also includes a large in-pit tailings storage facility, existing waste dump capacity, and access to a deepwater port. Pine Cove has already produced 700oz of gold from processing low grade mineralized stockpiles from around the site. The mill is now preparing to receive and process feed from Hammerdown, with full integration scheduled for H2/2025.
Nugget Pond Gold Circuit
Maritime also owns the 700 tpd carbon-in-pulp (CIP) gold circuit at the Nugget Pond Plant, located 40 km east of Pine Cove. Although currently idle, this plant represents a key component of Maritime’s long-term production strategy to scale toward 100,000 oz per year. The plant is fully configured for gold recovery and is well-positioned to process feed from future regional deposits or third-party toll milling. Maritime’s envisions Nugget Pond operating as a second production hub, enabling parallel processing capacity as the company develops additional deposits in the district.
Located within 10 km of the Pine Cove Mill, Stoger Tight and Deer Cove are advanced-stage deposits with near-term development potential. Stoger Tight hosts a historical NI 43-101 resource of 642,000 tons grading 3.02 g/t gold for 62,300 oz (indicated), with an additional 53,000 tons at 5.63 g/t for 9,600 oz (inferred). It is partially permitted and has the potential to become a satellite source of ore for Pine Cove.
Deer Cove is a high-grade system discovered by Noranda, featuring 500 meters of historic underground development. Recent drill results include 6.9 g/t over 25.1 meters, including 26.1 g/t over 3.6 meters. Stockpiles of 4,275 tons at 3.1 g/t gold have been identified. Both projects benefit from road access and proximity to infrastructure, making them ideal candidates for phased development and integration into Maritime’s hub-and-spoke production model.
Maritime’s broader exploration portfolio includes more than 435 sq km of prospective ground in the Baie Verte district, encompassing gold, copper, VMS and porphyry-style targets. The Green Bay project includes the Orion deposit, a near-surface gold target located along strike from Hammerdown. Whisker Valley is an epithermal gold system with porphyry potential, returning 6.2 g/t gold over 5.8 meters in previous drilling. El Strato hosts one of the highest-grade soil and bedrock anomalies in Newfoundland, with gold values up to 200 g/t in outcrop. Additionally, the Black Ridge VMS target features grab samples grading up to 12.6 g/t gold, 181 g/t silver, and 11.8 percent copper. These regional assets offer significant blue-sky potential and provide a robust pipeline of targets that could be developed and processed through Maritime’s existing infrastructure.
Garett Macdonald is a mining engineer with over 30 years of experience in mine development, engineering and operations. Former VP operations at Rainy River Resources, where he advanced the 8 Moz Rainy River project to construction prior to its $310-million sale to New Gold. He also served as VP project development at JDS Mining, leading the Curraghinalt feasibility study (+5 Moz gold), and held technical and management roles at Placer Dome, Teck and Suncor Energy.
A chartered accountant with more than three decades of financial leadership in the mining sector, Germaine M. Coombs is the former CFO of Aurelius Minerals and Stonegate Agricom, and former corporate controller at FNX Mining and the Iron Ore Company of Canada.
Perry Blanchard brings over 25 years of experience in health, safety and environmental leadership across major Canadian mining projects. Blanchard previously managed permitting and sustainability at Detour Gold’s flagship mine and Vale’s Voisey’s Bay operations.
Peter Goudie is a veteran operations leader with over 35 years of experience in mining and contracting, including roles with Guy J. Bailey and Shoreline Aggregates. He manages day-to-day operations at the Hammerdown project, with deep knowledge of logistics, mobile equipment and site execution in Newfoundland’s mining sector.
Dwight Goudies is a mill operations specialist with over 40 years of metallurgical and processing experience at gold and base metal mines across Newfoundland and Labrador. He is the former mill manager at FireFly Metals and Rambler Metals & Mining’s Nugget Pond facility, and currently oversees all operations at the Pine Cove Mill.
A mining engineer with more than 15 years of experience in mine engineering, project management and consulting, Billy Grace is the former general manager at Aureus Gold, and technical services manager at Newmont’s Musselwhite mine. He also worked at Golder Associates and Mining Plus.
Larry Pilgrim is an exploration geologist with more than 45 years of experience in Newfoundland. He is the former chief geologist at Richmont Mines and Rambler Metals, where he helped delineate the original underground reserves at Hammerdown and served as chief geologist during mine operations. He has been leading exploration activities for Maritime since 2018.
Eric Tremblay is a highly regarded mine builder with over 30 years of operations experience. He is the former GM at Osisko’s Canadian Malartic Mine and IAMGOLD’s Westwood and Sleeping Giant operations. Tremblay is currently the COO of Dalradian Resources, leading the multi-million ounce Curraghinalt gold project in Northern Ireland. Tremblay provides Maritime with expertise in mine construction, operational scale-up and technical risk management.
Paolo Toscano has over 30 years of experience in engineering and construction. He most recently served as senior vice-president of engineering and construction for Calibre Mining at the Valentine gold project in Newfoundland and Labrador. Prior to Calibre, he was director of projects for Alamos Gold and New Gold.
Triumph Gold offers investors exposure to a multi-million ounce gold resource base with established deposits, significant expansion potential, and new discovery opportunities across a true district-scale land package, all strategically positioned in the mining-friendly Yukon.
Triumph Gold (TSXV:TIG,OTC:TIGCF) is a Canadian gold exploration company strategically positioned to capitalize on the rising gold market. The company is primarily focused on advancing its 100 percent owned Freegold Mountain project, a district-scale property located in the Yukon Territory's prolific Dawson Range gold-copper belt.
Founded with a vision to discover and develop significant precious metal resources, Triumph Gold has assembled a portfolio centered around its flagship Freegold Mountain project. With over 20 mineralized zones identified along a 34 km stretch of the Big Creek Fault system, the company possesses significant exploration upside with established resources across multiple deposits. The project benefits from excellent infrastructure, being accessible via all-weather government roads, which provides cost advantages compared to more remote exploration projects.
The Yukon Territory has a storied history as one of the world's most famous gold jurisdictions, dating back to the legendary Klondike Gold Rush of the late 1890s that drew over 100,000 prospectors to the region. Today, the territory continues to be recognized as one of the world's premier exploration destinations, hosting world-class deposits like Victoria Gold's Eagle mine (3.3 million ounces), Western Copper's Casino project (8.9 million ounces gold, 4.5 billion pounds copper), and Newmont's Coffee project (4 million ounces).
The Yukon government has consistently demonstrated strong support for responsible mining development. The territory offers a stable regulatory environment, clear permitting processes, and collaborative relationships with First Nations, making it an attractive jurisdiction for resource development. Additionally, the Yukon Resource Gateway Project, a $360 million infrastructure initiative, continues to improve access to mineral-rich areas throughout the territory.
With geopolitical tensions, inflationary pressures, and currency devaluation concerns driving investor interest in safe-haven assets, gold exploration companies with substantial resource potential like Triumph Gold are well-positioned to benefit from this strengthening market cycle.
The Freegold Mountain project represents Triumph Gold's flagship asset – a district-scale property that spans 34 kilometers along the prolific Big Creek Fault mineralization system in the Yukon. What makes this project particularly compelling is the presence of mineralization in every rock type across the property, including Paleozoic metamorphics, Jurassic intrusives and Cretaceous intrusives, each hosting different styles of precious and base metal deposits.
The project currently hosts three defined deposits – Nucleus, Revenue and Tinta Hill – with a combined resource of more than 2 million ounces of gold equivalent. What's particularly exciting about Freegold Mountain is that these deposits represent just a fraction of the more than 20 mineralized zones identified across the property. With extensive permitted exploration programs, ongoing geological work, and vast untested areas, Freegold Mountain exemplifies true district-scale potential where new discoveries could substantially increase the overall resource base.
The Nucleus deposit represents a compelling bulk tonnage oxide gold opportunity with similarities to Victoria Gold's Eagle mine. With indicated resources of 748,000 ounces gold equivalent and inferred resources of 189,000 ounces gold equivalent, the deposit features favorable metallurgy with approximately 77 percent cyanide recoverable gold based on preliminary testing. Recent drilling has expanded the resource by 50 to 100 meters both laterally and vertically, with mineralization remaining open in all directions. Drilling has also confirmed significant oxide mineralization extending up to 150 meters vertically, enhancing the potential for heap leach processing.
The Revenue deposit is a substantial porphyry system with indicated resources of 252,000 ounces and inferred resources of 677,000 ounces gold equivalent. It shows similarities to Western Copper's Casino deposit but with double the gold grade. The deposit contains multiple high-grade zones including the Blue Sky and WAu zones, which were expanded through recent drilling programs. The company has identified a more than 5 km structural trend connecting various mineralized zones, suggesting significant resource expansion potential. Geophysical and geochemical surveys have identified numerous untested anomalies worth exploring.
Revenue - Casino deposits comparison
With inferred resources of 216,000 ounces gold equivalent, Tinta Hill is a polymetallic deposit with substantial gold, silver, copper, lead and zinc values. The property has historical underground development including two adits with extensive drifting completed in 1980-1981. There's a 25,000-ton stockpile from previous mining operations that could represent near-term cash flow potential. The deposit remains open along strike and at depth, with opportunities to extend mineralization through additional IP and ground magnetic surveys.
Beyond the three established deposits, Triumph Gold holds several promising early-stage exploration targets across the Freegold Mountain Project and beyond, including:
Located in central Utah, Coyote-Knoll is Triumph Gold’s most recent acquisition. It is approximately 40 km southwest of the prolific Tintic mining district, known for its rich mining history, with gold, silver, lead and zinc from both epithermal and carbonate replacement deposits. The Bingham Canyon copper-molybdenim-gold porphyry deposit is about 85 km away.
Following its discovery in 1988, Coyote Knoll underwent exploration work, including mapping, trenching, rock sampling, and induced polarization and magnetic geophysical surveys. Approximately 2,600 metres of RC drilling have been completed at the property to date, with compelling results including 1,350.36 g/t silver and 3.86 g/t gold over 3 metres. Historical rock samples returned high-grade silver and gold values, up to 6,730 g/t silver and 23.30 g/t gold, and 6,687.08 g/t silver and 26.37 g/t gold.
Historic drilling highlights at Coyote Knoll
A 12-ton representative bulk sample was also mined from a shallow open pit, centered over the east-west trending mineralized structure. Silver and gold epithermal mineralization was exposed over approximately 60 metres within the open pit and has been delineated for 1.5 km through surface trenching, sampling and shallow RC drilling.
With over 20 years of experience in resource sector capital marketing, John Anderson brings strategic vision to company growth and management. His extensive background in capital formation and corporate development provides Triumph Gold with strong leadership as it advances its portfolio of projects.
Brian Bower contributes 30 years of experience in exploration and mining to the Triumph Gold team. He has been a key member in the development of several significant mining projects including New Afton, Kemess South, Blackwater, Mount Milligan mines and the Casino deposit, bringing valuable technical and operational insights to the company's development strategies.
With more than 25 years of experience in mineral exploration, Jesse Halle has specialized in advancing multiple porphyry copper-gold deposits in Yukon and British Columbia. His extensive work with similar deposits, including the Casino and Copper Mountain deposits, brings critical technical expertise to Triumph's exploration programs.
Marty Henning contributes over 15 years of mineral exploration and mining experience to the team. His background includes focused work on construction, production and exploration at the New Afton block cave mine, providing valuable operational perspective to Triumph's exploration approach.
With 20 years of experience in data management and GIS, Graeme Hopkins has been involved with the Freegold Mountain project since 2008. His long-term knowledge of the project and technical expertise provides valuable continuity and insight to Triumph's exploration and development activities.
Emily Halle brings over 15 years of experience in exploration and project management to the team. Her focus on porphyry copper-gold systems in British Columbia and Yukon, combined with additional experience in South Africa, Alaska and Eastern Canada, ensures efficient and effective management of Triumph's exploration programs.
Quimbaya Gold’s strategic focus on Colombia offers a compelling opportunity for gold exploration in a prolific, yet underexplored region supported by a favorable permitting environment. The upside potential is worthy of examination by any savvy investor.
Quimbaya Gold (CSE:QIM) is a junior gold exploration company focused on its high-grade gold projects in Colombia. The company’s portfolio spans 59,057 hectares across three highly prospective regions in the Antioquia mining district. This region is responsible for approximately 50 percent of Colombia’s total gold production, equivalent to around 1 million ounces (Moz) annually.
Positioned right next to Aris Mining’s (TSX:ARIS) Segovia mine, Quimbaya leverages its proximity to established infrastructure and gold-rich geological formations. With Colombia being one of the most underexplored yet top mining jurisdictions in South America, Quimbaya’s projects are uniquely poised for significant discoveries.
Quimbaya’s projects benefit from Colombia’s favorable permitting environment, enabling faster transitions from discovery to production, compared to its global peers. Quimbaya’s strategy focuses on value creation through new discoveries and monetizing them via strategic transactions, including joint ventures and operational contracts.
Quimbaya has established a significant partnership with Independence Drilling, Colombia’s largest drilling company with over 40 years of experience. The agreement secures 100,000 meters of drilling over five years, with Independence Drilling accepting part of its payment in Quimbaya shares. This innovative structure demonstrates strong confidence in Quimbaya’s projects, ensuring cost-effective and efficient drilling operations.
The company’s management team brings extensive and deep expertise in exploration in Colombia, corporate finance and project development. Quimbaya trades on multiple exchanges: CSE (QIM), OTCQB (QIMGF), and FSE (K05).
The Tahami project is located in Segovia, Antioquia, adjacent to Aris Mining’s Segovia mine, one of the highest-grade gold mines in the world. Spanning 17,087 hectares, Tahami’s geology features mesothermal veins with multiple mineralization events underlain by Precambrian metamorphic rocks consolidated within the San Lucas Gneiss unit.
Several vein systems from Aris Mining’s Segovia project, including the Sandra K and El Silencio veins, extend towards Quimbaya’s tenements. Both the Sandra K and El Silencio veins align with structural orientations of known high-grade deposits. The project also boasts more than 25 historical artisanal mines, underscoring its prospectively.
Quimbaya’s exploration plan for Tahami involves leveraging advanced geochemical and geophysical surveys to generate drill targets. These efforts will be complemented by modern 3D geological modelling and an initial drilling campaign to test high-grade zones. The integration of historical data and cutting-edge technology positions Tahami as a prime asset for discovery. The initial drilling campaign is anticipated to commence by late Q2 of 2025 and will prioritize the high-grade targets identified in preliminary exploration work.
Located in Abejorral, Antioquia, 80 kilometers south of Medellín, the Maitamac project spans 33,223 hectares and offers excellent road access. This emerging gold metallogenic district features mesothermal veins and potential porphyry gold-copper systems.
Initial surface rock samples have reported gold grades of up to 3.2 g/t, with stream sediments revealing over 1 g/t gold. Identified as a promising district by the Colombian Geological Services, Maitamac is positioned alongside the past producing ABE project and structural corridor which has produced mined shoots averaging 26 g/t gold.
Alexandre Boivin is an entrepreneur with more than 10 years of experience in corporate finance and Colombian mining. Through his extensive experience in the mining industry, corporate finance, capital markets and business development, Boivin has been instrumental in managing and funding early-stage companies through a network of partners and investors immersed in the capital markets. Under his leadership, Quimbaya Gold has secured significant investments to advance its exploration projects. His commitment to the company's growth is further demonstrated by his substantial shareholding in Quimbaya Gold.
Olivier Berthiaume is an accountant with over 12 years of experience working with early-stage companies in the Canadian markets. He holds a Bachelor of Business Administration from HEC Montreal and specializes in private-to-public market transactions, compliance, corporate governance, and corporate growth strategies. Berthiaume has held various director and officer positions in junior mining companies.
Sebastian Wahl brings over 15 years of experience in the mining industry, with a strong focus on precious metals trading, capital markets, and corporate development. Wahl has played a pivotal role in shaping Quimbaya Gold’s strategic direction and elevating its external positioning during a critical growth phase.
Ricardo Sierra is a professional economic Geologist with over 18 years of exploration experience in Colombia-Chile-Cuba-Brazil in orogenic, mesothermal, porphyry type deposits, epithermal systems, and stratabound. Sierra started his career with ANGLO AMERICAN as an exploration geologist in greenfield and brownfield exploration, supervising diamond drilling on their Colombian properties. His knowledge in vein systems, critical in understanding mineralization processes, was honed while exploration superintendent with Continental Gold (now Zijin Mining Group) on their Buritica (Antioquia) deposit, also in their regional exploration (Choco, Nariño, Cauca, Antioquia). Sierra graduated in 2007 as a geologist from Universidad de Caldas (Colombia). He is a member of the Australian Institute of Mining and Metallurgy (MAusIMM) and is a qualified person (QP) as defined by National Instrument 43-101, also he is a Competent Person (CP) of Comision Colombiana de Recursos y Reservas Mineras (CCRR).
Stewart Redwood is a distinguished geological consultant with more than 40 years of experience in mineral exploration and economic geology, specializing in epithermal, porphyry and skarn deposits, particularly in Latin America and the Caribbean. His notable achievements include significant discoveries, including the San Cristobal silver-zinc deposit in Bolivia, the Romero gold-copper deposit in the Dominican Republic, and the Antamina copper-zinc project in Peru, recognized as the world's largest copper skarn deposit. Throughout his career, Redwood has held key positions in prominent mining and exploration companies, including as chief geologist Latin America for AngloGold Ashanti, founder president and CEO of GoldQuest Mining, and VP exploration of Colombia Goldfields (which merged with Gran Colombia Gold). He has been instrumental in the success of Gran Colombia Gold’s Marmato project (now owned by Aris Mining), currently an 8.8 Moz deposit in the construction stage.
A Colombian native, with over 28 years of experience focused in the mining district of Antioquia, currently the CEO of MINING BRAIN SAS, Nicolas Lopez, leads this consulting company advising on the implementation, development of sustainable mining projects all over Colombia. Prior to the establishment of his consultancy practice, Lopez spent 12 years as Colombia & Nicaragua's country manager for IAMGOLD, having devoted the previous 10 years with MINEROS SA as head of exploration & geology. Villegas played a pivotal role in major discoveries, including the first porphyry copper-gold deposit in the Colombian middle Cauca belt, known as Titiribi. a significantly rich gold-copper geological region. As a seasoned executive in gold exploration, Villegas holds a geology degree from Universidad de Caldas (Colombia), a Governance in Oil & Mining degree from Oxford University (UK) and he is a Qualified Person (QP).
Terence Ortslan is a seasoned resource executive with over 40 years of experience, having served in advisory capacities across the mining, metals, and fertilizer sectors. He provides guidance on investment and technical aspects of the industry, as well as strategic and policy advice tailored to mining companies. Additionally, Ortslan advises financial institutions on investment decisions, offers direction to international industry organizations, and consults with governments on fiscal and industrial regulations. He also supports universities in enhancing their educational standards and assists corporations with decision-making, boardroom leadership, shareholder value enhancement, and strengthening ES parameters. Ortslan holds a Bachelor of Engineering & Applied Geophysics and an MBA from McGill University.
Asara Resources (ASX:AS1,FSE:ALM) is leading the next West African gold rush from a strategic position in Guinea’s underexplored Siguiri Basin—an emerging gold district with over 30 million ounces of historical and current gold production.
Asara Resources’ flagship Kada Kold project hosts a 923,000-ounce, oxide-dominant gold resource just 35 km south of AngloGold Ashanti’s 6.2 Moz Siguiri mine. The company is systematically advancing development using the proven “string-of-pits” model that has driven success across West Africa, guided by a seasoned team behind the Kiniero Project, now a cornerstone asset for Robex (TSX:RBX).
Asara’s near-term strategy focuses on three key priorities: accelerating resource growth with 33,600 metres of RC and diamond drilling planned for 2025; advancing a low-CAPEX, oxide-first development approach that capitalizes on free-dig saprolite, strong gold recoveries, and a conventional CIL flowsheet; and preserving upside exposure to copper and silver-zinc through its Loreto joint venture with Teck and the optional Paguanta asset in Chile.
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New Age Exploration (ASX:NAE) is shaping a focused gold exploration story anchored by high-quality assets in tier-one jurisdictions across Western Australia and New Zealand. The company’s strategy is clear: target proven geological corridors and apply modern, cost-efficient exploration methods to uncover new zones of mineralization.
In Western Australia, New Age Exploration’s Wagyu Gold Project sits directly along strike from De Grey Mining’s Hemi discovery, now part of Northern Star Resources (ASX:NST). In New Zealand, its Lammerlaw and Otago Pioneer Quartz projects are positioned within the same regional structure that hosts OceanaGold’s (TSE:OGC) 5 Moz Macraes deposit and Santana Minerals’ (ASX:SMI) fast-growing Rise & Shine system.
Wagyu gold project location mapThe Wagyu Gold Project is New Age Exploration’s flagship asset, located in the highly prospective Central Pilbara region of Western Australia. Positioned between Northern Star’s 11.7 Moz Hemi deposit and the Withnell deposit within the Mallina Basin, Wagyu targets the same intrusive-style orogenic gold system. NAE holds a 136 sq km exploration licence (E47/2974) and has completed extensive early-stage work, including reinterpretation of geophysical data to identify Hemi-style intrusions and structurally hosted gold targets.
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