Pinnacle Silver and Gold - Oversubscribed Financing Closed, Exploration Outlook, Target Overview
Bob Archer, President & CEO of Pinnacle Silver & Gold (TSX.V:PINN - OTC:PSGCF - FSE:P9J) joins us to discuss the oversubscribed ~C$1.7M financing and how it will accelerate work at the El Potrero Project in Mexico. Bob outlines the immediate plans for these funds, including: Advancing underground and surface mapping/sampling along a 1.6 km structure with historic high-grade production. LiDAR survey to refine structural targeting and guide drilling plans. Preparing for an underground drill program aimed at defining ore shoots for potential small-scale production. We also discuss the company’s strategy to generate cash flow quickly, leverage existing processing infrastructure, and pursue additional acquisitions to grow into a multi-mine operator. Bob highlights the balance between minimizing shareholder dilution and advancing toward production in a challenging financing market. Please email me with any follow up questions you have for Bob - Fleck@kereport.com. Click here to visit the Pinnacle Silver and Gold website to learn more about the company and read over the recent news.