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November 8, 2007
Trading Symbols: TSX.V:PNL
and O7M - Frankfurt
Stock Exchange
Big Missouri Adds More to Silver Coin
Stewart, BC -
Pinnacle Mines Ltd. and Mountain Boy Minerals Ltd. announce that more assays
have been received from the 2007 drilling on the jointly owned Silver Coin
gold-silver-base metal property located approximately 24 kilometers north
of Stewart, British Columbia in the Skeena Mining Division.
Due to large snowfall, the 2007
drill program on Silver Coin was shut down after completing 15 of 29 planned
holes. The remaining 14 holes are scheduled to be completed next
year. All core samples from the 2007 program are now at the lab and the
remaining assay results are expected to be ready in the next 4 weeks.
The latest assays received are
from holes 209 to 213. The highlights of the latest results are presented in
the table below. Hole 210 did not record any significant gold values
and for hole 213 only 40% of the assays have been received so
far.
|
DDH
|
From
(m)
|
To
(m)
|
Width
(m)
|
Au
g/t
|
Ag
g/t
|
Cu
%
|
Pb
%
|
Zn
%
|
Claim Tested
|
|
|
|
|
|
|
|
|
|
|
|
|
2007-209
|
17.37
|
23.47
|
6.10
|
1.16
|
5.35
|
0.026
|
0.05
|
0.64
|
Big
Missouri
|
|
including
|
21.95
|
23.47
|
1.52
|
2.64
|
2.80
|
0.004
|
0.03
|
0.15
|
Big
Missouri
|
|
2007-209
|
89.92
|
93.57
|
3.66
|
2.99
|
7.80
|
0.007
|
0.05
|
0.38
|
Big
Missouri
|
|
2007-211
|
64.62
|
104.24
|
39.62
|
1.00
|
5.83
|
0.022
|
0.18
|
0.41
|
Big
Missouri
|
|
including
|
92.35
|
93.57
|
1.22
|
3.54
|
1.3
|
0.009
|
0.01
|
0.03
|
Big
Missouri
|
|
and
|
102.72
|
104.24
|
1.52
|
2.93
|
5.2
|
0.016
|
0.07
|
0.33
|
Big
Missouri
|
|
2007-212
|
51.21
|
117.96
|
66.75
|
1.74
|
4.31
|
0.007
|
0.03
|
0.13
|
Big
Missouri
|
|
including
|
54.56
|
56.08
|
1.52
|
4.19
|
14.1
|
0.002
|
0.15
|
0.06
|
Big
Missouri
|
|
and
|
93.57
|
96.62
|
3.05
|
26.63
|
20.1
|
0.012
|
0.04
|
0.12
|
Big
Missouri
|
|
2007-213
|
38.71
|
63.09
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24.38
|
0.97
|
5.64
|
0.023
|
0.13
|
0.20
|
Big
Missouri
|
|
including
|
41.76
|
44.81
|
3.05
|
2.17
|
2.60
|
0.006
|
0.04
|
0.19
|
Big
Missouri
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The
Silver Coin project and associated minerals claims is a 51-49% joint venture
between Pinnacle Mines and Mountain Boy Minerals except for the Kansas claim
which is owned 40% by Tenajon Resources Corp. and 60% by Pinnacle and
Mountain Boy (51-49%).
Alex
Walus, P. Geo., is the qualified person under National Instrument 43-101 that
is in charge of the exploration program on behalf of the companies.
Drill core and trench samples are assayed by Assayers Canada of Vancouver,
BC.
Pinnacle
Mines Ltd. is a Canadian based mineral exploration company with assets in
Canada and Mexico. In Canada, Pinnacle holds properties in Northwestern
British Columbia in proximity to numerous past and producing mines including
the Silbak-Premier Mine and Barrick Gold's famed Eskay Creek Mine. In
Mexico, Pinnacle has an option with Chesapeake Gold Corp. to acquire 70% of
its La Calavera
and Rio Minas projects in the state of Oaxaca.
For further information
about this news release contact Andrew Bowering, Vice President or John Van Duzen
at 604-688-7377 or visit Pinnacle's website at www.pinnaclemines.com for further
property information and/or assay results.
On behalf of the Board of
Directors
"Paul
Saxton"
President and CEO
The TSX Venture Exchange has not reviewed and does not
accept responsibility
for the adequacy or the accuracy of the content of this news release.
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