Pinnacle Silver & Gold expands El Potrero potential – ICYMI
Pinnacle Silver & Gold Corp (TSX-V:PINN, OTCQB:PSGCF, FRA:P9J) CEO Robert Archer talked with Proactive about a new polymetallic discovery at the El Potrero project, marking a significant development beyond the company’s traditional gold-silver focus.
Archer explained that the company had previously concentrated on the northern portion of the property, historically known for gold and silver production.
However, a LIDAR survey conducted last fall identified new targets across the broader project area. Follow-up work in the southwestern zone led to the discovery of silver-lead-zinc mineralization, introducing a new dimension to the project.
The company plans to advance this new zone alongside its existing exploration efforts, with additional sampling and mapping before potential drilling later in the year.
Meanwhile, Pinnacle is actively rehabilitating underground workings in the northern section of the property, preparing for an imminent underground drilling program.
Proactive: Welcome back inside our Proactive newsroom. Joining me now is Robert Archer, CEO of Pinnacle Silver & Gold. Bob, great to see you again. How are you?
Robert Archer: Doing well, thanks.
News out about a new polymetallic zone. Remind us about the project and the work leading to this update.
The El Potrero project has historically been a gold-silver project. We’ve focused on the northern 10% where the historic mines and plant are located. Last fall, we flew a LIDAR survey over the entire project and identified several targets. When we followed up in the southwestern portion, we discovered silver-lead-zinc mineralization, which is quite different from what we’ve been targeting. Regionally, it makes sense since it’s only four kilometres from the Tropea polymetallic mine. It’s new for us and adds a whole new dimension.
How does this change your approach going forward?
We’ll advance it with more follow-up work, mapping and sampling, and eventually drilling later this year alongside our northern drilling. It can run in parallel. If it reaches production, it would require a flotation circuit instead of the leaching setup used for gold-silver, but that’s further down the line.
What are the next steps over the next few months?
On the exploration side, we’ll continue advancing the LIDAR targets and releasing results. At the same time, we’re rehabilitating historic underground workings in the north. Crews are currently building drill stations in preparation for underground delineation drilling, which should begin in a few weeks. That will transition into surface drilling and ultimately toward a production decision later this year.
Sounds like things are progressing well.
Yes, very much so. We’ve only had the project for just over a year, and we’re happy with the progress as we fast-track toward production.
Quotes have been lightly edited for style and clarity
