High Tide Resources Corp. press release
2008 Proving to be Another Exceptional Exploration Season at Silver Coin
CSE - Canadian National Stock Exchange · Iron · Copper · Nickel · Cobalt · Canada
Trading Symbols: TSX.V:PNL and O7M - Frankfurt Stock Exchange
VANCOUVER, Nov. 7 /CNW/ - Pinnacle Mines and Mountain Boy Minerals Ltd. are pleased to announce that the 2008 drill program at the Silver Coin gold property near Stewart, BC has produced exceptional results with more on the way. A total of 88 holes were drilled on the property this year and assays have been received for 60 holes to date. The 2008 drill program was designed to add precious metals resources and to improve the resource categories already established in an April 2007 resource calculation by Minefill Services Inc. of Seattle, WA. The April 2007 Report included holes that were drilled to the end of 2006. Snowden Engineering of Vancouver, BC has already begun work on an updated 43-101 compliant resource calculation and technical report which will incorporate assay results for both the 2007 and 2008 exploration seasons.
Silver Coin is a gold-silver-base metals property located about 24 kilometers north of Stewart, British Columbia in the Skeena Mining Division. The Silver Coin project and associated mineral claims is a 51-49% owned joint venture between Pinnacle (51%) and Mountain Boy (49%) except for the Kansas Claim which Pinnacle owns 70.6% of and Mountain Boy 29.4%. Assay results to date show the Kansas Claim holds the vast majority (approx. 80%) of the known resources discovered at Silver Coin (see the April 2007 43-101 Technical Report and Resource Calculation on Pinnacle's website for more details).
The 2008 season started with Hole 222 and ended at Hole 310. Approximately 1.26 kilometers of diamond drilling was completed this season. Below is a chronological breakdown of all diamond drill results received so far this year with another 28 holes pending assays. Gold is the primary metal on the Silver Coin property. To give the reader an idea of the overall significance and magnitude of the property's potential value, the chart includes only 4 holes which were assayed with less than .5 g/t gold and are listed as "No Significant Results" although these holes did contain mineralization and/or base metal values. Hole numbers not reflected in this chart are awaiting assays.
From To Width Gold Silver Lead Zinc Claim DDH No. (m) (m) (m) (g/t) (g/t) (%) (%) Tested SC08-222 32.00 39.62 7.62 0.95 3.52 0.08 0.19 Silver Coin 4 SC08-223 32.61 41.76 9.15 1.19 9.90 0.05 0.51 Silver Coin 4 SC08-229 32.00 59.44 27.44 0.82 0.40 0.03 0.28 Silver Coin 2 including 32.00 35.05 3.05 3.82 3.20 0.01 0.19 Silver Coin 2 SC08-230 No Significant Results Silver Coin 9 SC08-231 69.19 72.24 3.05 3.30 2.20 (less 0.02 Silver than) Coin 9 0.01 SC08-232 66.45 78.64 12.19 12.66 24.46 0.3 0.77 Kansas including 66.45 71.02 4.57 32.00 53.39 0.57 1.34 Kansas and 69.49 71.02 1.52 81.57 128 1.29 2.91 Kansas SC08-233 63.09 105.46 42.37 6.26 11.27 0.20 0.50 Kansas including 69.19 81.38 12.19 18.16 31.58 0.64 1.45 Kansas SC08-234 76.2 105.16 28.96 2.05 3.32 0.03 0.08 Kansas including 96.01 99.06 3.05 8.88 4.1 0.01 0.01 Kansas SC08-235 No Significant Results Kansas SC08-236 55.17 63.4 8.23 1.54 3.16 0.16 0.39 Kansas SC08-237 53.95 99.67 45.72 3.78 11.55 0.38 0.92 Kansas including 82.91 96.62 13.71 8.23 10.94 0.15 0.55 Kansas and 87.48 90.53 3.05 22.58 16.8 0.15 0.31 Kansas SC08-238 69.19 96.62 27.43 1.25 3.14 0.03 0.04 Kansas SC08-239 72.85 85.04 12.19 3.62 8.11 0.3 0.51 Kansas SC08-240 78.33 114.91 36.58 2.27 8.53 0.05 0.21 Kansas SC08-241 84.43 108.81 24.38 0.72 3.56 0.10 (less Kansas than) 0.01 SC08-242 5.18 11.58 6.4 1.57 10.94 0.44 1.20 Kansas and 51.21 78.64 27.43 1.21 0.5 0.04 0.19 Kansas SC08-243 93.88 136.55 42.67 4.14 5.11 0.08 0.18 Kansas SC08-244 88.09 97.23 9.14 1.40 4.63 0.04 0.33 Kansas SC08-245 68.88 130.15 61.27 1.78 3.1 0.03 0.07 Kansas including 70.71 72.54 1.83 31.07 35.5 0.02 (less Kansas than) 0.01 SC08-246 110.03 117.65 7.62 3.90 5.22 0.06 0.06 Kansas SC08-247 94.18 118.57 24.39 2.96 9.02 0.12 0.40 Kansas including 107.9 114 6.1 8.13 24.15 0.24 1.06 Kansas SC08-248 117.96 154.53 36.57 1.20 2.21 0.05 0.16 Kansas SC08-249 93.27 138.99 45.72 1.27 5.70 0.05 0.11 Kansas SC08-250 54.56 85.04 30.48 1.38 5.09 0.08 0.18 Kansas SC08-251 No Significant Results Kansas SC08-252 89.92 96.01 6.09 1.05 5.50 0.08 0.18 Kansas SC08-253 101.8 114 12.2 1.70 6.96 0.11 0.22 Kansas including 112.47 114 1.53 9.15 20.08 0.53 1.12 Kansas and 152.1 161.24 9.14 1.27 14.6 0.13 0.25 Kansas SC08-254 27.13 36.27 9.14 1.98 11.0 0.02 0.06 Kansas and 75.9 95.71 19.81 1.08 6.46 0.07 0.23 Kansas including 75.9 78.94 3.04 4.09 13.9 0.31 0.98 Kansas SC08-255 121.31 125.88 4.57 3.27 8.83 0.02 0.13 Kansas SC08-256 69.49 142.34 72.85 1.55 4.39 0.11 0.24 Kansas including 122.83 142.34 19.51 4.25 4.50 0.17 0.32 Kansas SC08-257 81.69 87.78 6.09 0.89 25.9 1.09 1.49 Kansas SC08-258 57.3 154.84 97.54 1.14 3.85 0.03 0.06 Kansas including 135.03 153.31 18.28 3.73 6.03 0.07 0.13 Kansas SC08-259 69.49 118.26 48.77 0.84 3.81 0.06 0.05 Kansas SC08-260 151.79 191.41 39.62 0.98 4.07 0.05 0.16 Kansas SC08-261 53.95 71.93 17.98 1.00 9.35 0.26 0.61 Kansas and 87.48 88.39 0.91 4.08 8.40 0.21 0.62 Kansas SC08-262 57.61 70.1 12.49 2.35 10.96 0.05 0.10 Kansas SC08-263 57.00 60.05 3.05 2.04 6.90 0.06 0.17 Kansas SC08-264 51.21 78.64 27.43 5.40 12.00 0.32 0.60 Kansas including 54.25 58.52 4.27 18.65 10.37 0.06 0.19 Kansas SC08-265 2.13 5.18 3.05 1.27 0.80 0.02 0.04 Kansas and 72.24 75.29 3.05 2.69 9.80 0.07 0.08 Kansas SC08-266 No Significant Results Kansas SC08-267 44.81 47.85 3.04 3.80 3.90 0.02 0.04 Kansas and 87.48 114.91 27.43 1.26 3.75 0.13 0.25 Kansas SC08-270 93.88 123.75 29.87 0.88 8.83 0.17 0.55 Kansas including 121.31 123.75 2.44 2.93 40.4 1.01 3.48 Kansas SC08-271 57.00 175.87 118.87 1.05 4.32 0.07 0.18 Kansas SC08-272 70.71 75.29 4.58 1.78 85.97 0.26 0.63 Kansas and 116.43 145.39 28.96 1.89 14.26 0.17 0.40 Kansas SC08-273 54.86 65.53 10.67 1.24 13.34 0.08 0.12 Kansas SC08-274 123.44 205.74 82.3 2.14 6.39 0.08 0.16 Kansas including 163.07 190.5 27.43 4.39 6.97 0.09 0.23 Kansas SC08-278 110.95 115.52 4.57 4.35 6.40 0.11 0.37 Big Missouri SC08-281 85.04 200.86 115.82 1.66 6.20 0.06 0.14 Kansas SC08-282 135.64 181.36 45.72 8.86 70.81 0.14 0.35 Kansas including 142.95 144.78 1.83 58.66 278.10 1.17 3.25 Kansas and 160.02 166.12 6.1 31.51 391.70 0.21 0.46 Kansas SC08-283 66.14 87.48 21.34 0.87 4.87 0.08 0.16 Kansas and 142.34 154.53 12.19 1.00 2.38 0.02 0.03 Kansas SC08-284 149.35 191.72 42.37 0.83 4.62 0.07 0.21 Kansas SC08-285 38.71 44.81 6.1 1.91 2.00 0.02 0.06 Kansas and 121.01 157.58 36.57 1.89 8.22 0.03 0.06 Kansas SC08-286 22.56 37.8 15.24 1.70 9.14 0.42 1.09 Big Missouri and 62.18 80.47 18.29 1.24 6.03 0.03 0.11 Big Missouri SC08-287 15.24 73.15 57.91 1.20 3.91 0.10 0.23 Big Missouri including 25.91 33.53 7.62 3.05 10.00 0.29 0.52 Big Missouri SC08-288 50.90 66.14 15.24 1.84 1.58 0.02 0.09 Big Missouri including 57.00 60.05 3.05 4.26 2.30 0.02 0.04 Big Missouri SC08-293 12.19 51.82 39.63 0.82 0.80 0.01 0.03 Big Missouri including 39.62 51.82 12.2 1.80 0.06 0.01 0.03 Big Missouri SC08-294 21.34 106.68 85.34 0.91 2.84 0.03 0.08 Big Missouri including 21.34 36.58 15.24 2.64 2.38 0.03 0.09 Big Missouri SC08-297 97.54 108.2 10.66 1.33 4.88 0.08 0.15 Big Missouri SC08-298 0.00 64.01 64.01 3.74 21.40 0.67 0.99 Big Missouri including 0.00 36.58 36.58 5.80 31.97 1.06 1.51 Big Missouri SC08-301 15.85 44.81 28.96 1.11 20.99 0.14 3.18 Big Missouri SC08-301A 14.33 90.53 76.2 1.15 51.18 0.14 3.89 Big Missouri including 24.99 64.62 39.62 1.34 66.11 0.21 5.31 Big Missouri
Metallurgical studies of sample material from the property started in September and a final report is expected soon. Preliminary results from these studies are very encouraging and show recoveries in the high 90 percentile using a flotation recovery procedure.
Alex Walus P.Geo. is the qualified person overseeing the drill program on behalf of the companies and has reviewed this press release. Drill core samples are assayed by Assayers Canada of Vancouver, BC.
On behalf of the Board of Directors
"Paul Saxton"
President & 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.
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