Drill Results
Pinnacle Discovers More High-Grade Polymetallic Mineralization at El Potrero with Silver Assays up to 1,159 grams per tonne Underscoring District Scale Potential
Pinnacle Silver and Gold Corp.
Executive Summary
- On April 20, 2026, Pinnacle Silver and Gold Corp. announced new high-grade polymetallic mineralization at the El Potrero project in Durango, Mexico.
- The discovery centers on the "Minas Nuevas" zone on the northern El Potrero claim block, with silver assays up to 1,159 g/t Ag over narrow widths (0.35m).
- Exploration followed a ground follow-up of a recent airborne LiDAR survey conducted in late 2025.
- The Paulina Breccia and Las Guasimas vein systems were extended approximately 400 meters to the northeast on the MF2 concession, totaling ~1,100 meters strike length.
- Additional channel samples showed consistent polymetallic values (Ag-Pb-Zn-Au), though widths remain narrow (0.25m - 0.60m).
- The company highlights that a previously operational 100 tpd plant remains on site and could be refurbished for near-term production.
Material Impact
- Consistency with Expectations: This news is consistent with the trajectory set by the January 2026 LiDAR survey announcement and March 2026 sampling results (up to 266 g/t Ag). The market had already priced in the potential for LiDAR-guided discoveries.
- Grade vs. Width: While silver grades are high (1,159 g/t), the intercept widths are very narrow (0.35m). In economic modeling, narrow veins often require higher infrastructure costs per tonne mined, which could impact net margins unless bulk mining methods are viable.
- Stock Price Reaction: The stock has declined from a 52-week high of $0.18 in December 2025 to current levels around $0.10 despite positive news flow since January. This suggests the market is skeptical about the speed of production or capital requirements, viewing this news as expected rather than transformative.
- Financing Context: The company closed a $2.6M private placement in February 2026 at $0.14/unit. Current trading prices ($0.10) are below the recent financing price, indicating dilution pressure and potential selling resistance from recent investors who are underwater.
PINN · Price
Company Overview
- Company: Pinnacle Silver and Gold Corp. focuses on advancing high-grade gold-silver projects in Mexico.
- Flagship Project: El Potrero, located in Durango, Mexico, within 35 km of four operating mines (Ciénega, Tahuehueto, Topia).
- Geology: Low-sulphidation epithermal vein system with historic mining activity along a ~1,600m strike length.
- Infrastructure: Existing 100 tpd plant and underground workings available for refurbishment to enable near-term production pending permits.
- Ownership: Pinnacle earns an initial 50% interest upon production start-up, with the option to increase to 100% subject to a 2% Net Smelter Return (NSR).
More from Pinnacle Silver and Gold Corp.
Jun 29, 2026 · 07:01