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.
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