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Bullboard - Stock Discussion Forum Pinnacle Silver & Gold Corp V.PINN

Alternate Symbol(s):  NRGOF

Pinnacle is currently focused on district-scale exploration for precious metals in the prolific Red Lake District of northwestern Ontario. The past-producing high-grade Argosy Gold Mine is open to depth, while the adjacent North Birch Project offers additional blue-sky potential. Pinnacle is also actively looking for other district-scale opportunities in the Americas, with a particular focus on... see more

TSXV:PINN - Post Discussion

Pinnacle Silver & Gold Corp > Drilling result and plan
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Post by DouglasFir2 on Jan 16, 2021 4:40am

Drilling result and plan

Mack, what do you make of these latest results and locations.? Management seem to be focusing on rock sampling, defining the shallow areas of interest using RC, when the plan was to switch to diamond drilling. So presumably we intend to do quite a number of RC over a big acreage of the site to define the mineralisation.  What's your take?  Thanks
Comment by mackvorkian on Jan 21, 2021 10:32am
Yo Doug.  @mackvorkian What to do now? In 2017, with a POG of around $1250, NRG hit a s/p of 72 cents. In 2017 NRG produced tremendous drill results. If you go to the website, under "Location and History", you will see the excellent drill results of previous operators. When you look at the Merritt Zone Map on the website, you will the 40 holes drilled in 2017. When you look ...more  
Comment by mackvorkian on Jan 21, 2021 10:33am
@mackvorkian @Goldboy1 I have suggested to mgt on several occasions that they should use that 1000 ton (tonne) bulk sample permit to go after that 4.6 meter 239 gpt (7 ounce a ton) Gold near P17-10. I think it could be worth around $11 million if I remember correctly. I think that they even have the equipment on site that they can use to get it. Mining this area for 1000 tons would also bring ...more  
Comment by DouglasFir2 on Jan 21, 2021 11:32am
Mack. Thanks. If you haven't done so already offer yourself as a consultant. It would be good to get a resource estimate on the table, in one area and build from there. At the moment we seem to have a scattergun approach, although I'm sure management has a logic to the plan, must have, although it could be better explained. We have about $3m in the kitty for activities this year, a ...more  
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