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Pinestar Gold Inc. V.PNS



TSXV:PNS - Post by User

Post by kiskadogon Feb 06, 2012 10:39am
322 Views
Post# 19494337

RBC and NEWS

RBC and NEWS

News comes out this morning and look who scoops up the first 100,000 shares .

Recent Trades - All 3 today

Time ET Ex Price Change Volume Buyer Seller Markers
09:30:00 V 0.11 0.005 80,500 2 RBC 13 Instinet K
09:30:00 V 0.11 0.005 15,000 2 RBC 1 Anonymous K
09:30:00 V 0.11 0.005 4,500 2 RBC 2 RBC KL

Mr. Jeremy Ford reports

PINESTAR GOLD INC. ANNOUCES THE START OF ACCESS ROAD CONSTRUCTION FOR A SECOND PHASE OF DIAMOND DRILLING AT THE BECKER GOLD-SILVER PROPERTY IN CHILE

Pinestar Gold Inc. has successfully negotiated an access agreement with the owners of the surface rights over the Lajualas gold-silver vein system on the Becker property located in Chile. The company will now immediately start road construction to provide access for a diamond drill program on the Lajualas system which is expected to start later this month.

"This agreement is a major step forward in advancing the project. The company firmly believes that the Becker vein systems have the potential to develop high-grade gold and silver resources," said Jeremy Ford, president and chief executive officer of Pinestar.

Prior trenching of the Lajuelas vein system exposed a swarm of multiple gold- and silver-bearing quartz-sulphide veins which vary from five to 30 metres wide and are traceable for over 700 metres. Detailed panel sampling of these veins returned peak gold values of 9.6 grams per tonne over 7.5 metres width and 14.1 grams per tonne over three metres width.

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