Pinnacle Mines Ltd.
TSX VENTURE : PNL
FRANKFURT : O7M

Pinnacle Mines Ltd.

December 04, 2006 15:47 ET

Pinnacle Mines Ltd.: Drilling Results on the Barbara Project 'BA Claims' Continue to Intersect High-Grade Zinc-Lead-Silver

STEWART, BRITISH COLUMBIA--(CCNMatthews - Dec. 4, 2006) - Pinnacle Mines Ltd. (TSX VENTURE:PNL)(FWB:O7M) and Mountain Boy Minerals Ltd. announce that the drilling exploration program on the Barbara Project has been completed for the 2006 season. Assay results continue to expand the area of zinc-lead-silver mineralization on the project which is located 30 km east of Stewart in the Skeena Mining Division.

Drilling is testing a Volcanogenic Massive Sulphide (VMS) horizon located in the upper parts of Bear Glacier within the same stratigraphic horizon as that which hosts the Eskay Creek deposit. Company geologists believe that the zone represents a portion of a Kuroko-type VMS system composed of an exhalite horizon with related zinc-lead-silver mineralization.

The main exhalite horizon is 40 to 50 meters wide and can be traced for over 1 kilometer of strike length. This mineralized horizon being drill tested is on the west limb of a syncline. Float sampling in 2005 found similar mineralization on the east limb of the syncline approximately 3 kilometers east of the horizon being tested.

Assay results for drill holes BA-1 through BA-5 are shown below with results greater than 1% zinc listed:



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From To Width Ag Pb Zn
DDH (m) (m) (m) g/t % %
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BA-1 24.36 26.31 1.95 23.5 0.22 1.22
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and 39.63 46.95 7.32 75.6 0.66 1.79
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BA-2 24.09 25.46 1.37 146.5 0.64 4.05
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and 33.96 35.98 2.02 156.7 1.55 6.75
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and 45.12 51.22 6.10 98.95 1.16 1.81
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BA-3 6.40 7.10 0.70 65.0 1.67 1.89
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and 7.56 8.29 0.73 43.4 1.01 2.82
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and 11.58 13.41 1.83 76.5 0.46 4.31
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and 13.41 19.05 5.64 48.46 0.58 1.59
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and 20.73 24.60 3.87 95.76 1.13 2.03
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and 31.40 34.45 3.05 21.1 0.13 1.13
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and 36.22 39.04 2.82 48.72 1.03 5.82
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including 36.22 36.74 0.52 51.0 2.14 20.9
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BA-4 6.40 7.47 1.07 36.5 0.35 1.84
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and 14.02 23.77 9.75 60.92 0.57 1.91
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and 37.49 42.06 4.57 72.93 0.85 1.78
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BA-5 5.09 14.63 9.54 95.84 1.12 2.64
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including 5.09 8.53 3.44 123.7 2.35 5.80
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and 26.49 26.97 0.48 73.0 0.55 13.2
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Assay results are pending for drill holes BA-6 through BA-14, with the exception of BA-9, which has been previously released. During the 2006 drill season, 14 holes were drilled from 3 pads. The above holes BA-1 through BA-5 were drilled from pad #1. Drill holes BA-11 and BA-12 were drilled from pad #2, 100 meters west of pad #1. Drill holes BA-13 and BA-14 were drilled on pad #3, 150 meters east of pad #1.

Mountain Boy drilled approximately 1000 meters as part of the agreement to acquire a 50% interest in Pinnacle's BA claims No. 1 to 10. In addition, Mountain Boy paid Pinnacle $45,000 and granted Pinnacle a 50% interest in its Stro claims No. 1 to 3 which are adjacent to the BA claims. Mountain Boy and Pinnacle have received conditional approval from the TSX Venture Exchange for the agreement pending a 43-101 report being prepared on the property.

E. Kruchkowski, 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, China and Mexico. In Canada, Pinnacle holds several 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 to acquire the Tuligtic property, a copper-gold target near Mexico City as well as an option to acquire the Rio Minas-La Calavera projects in the state of Oaxaca.

On behalf of the Board of Directors

Andrew W. Bowering, 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.

Contact Information

  • Pinnacle Mines Ltd.
    Andrew Bowering
    President
    (604) 688-7337
    or
    Pinnacle Mines Ltd.
    John Van Duzen
    (604) 688-7337
    (604) 688-7307 (FAX)
    Website: www.pinnaclemines.com