{"id":49866,"date":"2026-02-23T18:24:03","date_gmt":"2026-02-23T18:24:03","guid":{"rendered":"https:\/\/principleisapromise.com\/index.php\/2026\/02\/23\/pinnacle-amends-payment-terms-for-el-potrero-project\/"},"modified":"2026-02-23T18:24:03","modified_gmt":"2026-02-23T18:24:03","slug":"pinnacle-amends-payment-terms-for-el-potrero-project","status":"publish","type":"post","link":"https:\/\/principleisapromise.com\/index.php\/2026\/02\/23\/pinnacle-amends-payment-terms-for-el-potrero-project\/","title":{"rendered":"Pinnacle Amends Payment Terms for El Potrero Project"},"content":{"rendered":"<\/p>\n<div>\n<p>(TheNewswire)<\/p>\n<div>\n<table>\n<tbody>\n<tr>\n<td colspan=\"10\" valign=\"bottom\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p> <span>&#8216;Robert Archer, President and CEO of Pinnacle stated, &#8216;We are very appreciative of the opportunity to spread out the payments as this will allow us to better budget our direct project costs and place more emphasis on advancing the project. \u00a0With our recently completed financing, we are continuing our fast-track approach to production at El Potrero with the upcoming underground drilling program.&#8217;<\/span> <\/p>\n<p> <span>About the Potrero Property<\/span> <\/p>\n<p> <span>El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ci\u00e9nega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).<\/span> <\/p>\n<p> <span>High-grade<\/span> <span>gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length. \u00a0The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.<\/span> <\/p>\n<p> <span>A previously operational 100 tpd plant on site can be refurbished \/ rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres. \u00a0<\/span> <\/p>\n<p> Pinnacle will earn an initial 50% interest immediately upon commencing production. \u00a0The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company&#8217;s ownership to 100% subject to a 2% NSR. \u00a0If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company. <\/p>\n<p> <a href=\"https:\/\/investingnews.com\/pinnacle-amends-payment-terms-for-el-potrero-project\/\" target=\"_blank\"><\/a><a href=\"https:\/\/investingnews.com\/pinnacle-amends-payment-terms-for-el-potrero-project\/\" target=\"_blank\"><\/a><span>About Pinnacle Silver and Gold Corp.<\/span> <\/p>\n<p> <a href=\"https:\/\/investingnews.com\/pinnacle-amends-payment-terms-for-el-potrero-project\/\" target=\"_blank\"><\/a><span>Pinnacle<\/span> <span>is<\/span> <span>focused<\/span> <span>on<\/span> <span>the development of precious<\/span> <span>metals projects<\/span> <span>in the Americas. \u00a0The high-grade Potrero gold-silver project in Mexico&#8217;s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production<\/span><span>.<\/span> <span>In the prolific<\/span> <span>Red<\/span> <span>Lake<\/span> <span>District<\/span> <span>of<\/span> <span>northwestern<\/span> <span>Ontario, the Company owns a 100%<\/span><span> interest in the <\/span><span>past-producing,<\/span> <span>high-grade<\/span> <span>Argosy<\/span> <span>Gold<\/span> <span>Mine and the adjacent North Birch<\/span> <span>Project<\/span> <span>with an eight-kilometre-long target horizon<\/span><span>. <\/span>\u00a0<span>With<\/span> <span>a<\/span> <span>seasoned,<\/span> <span>highly<\/span> <span>successful<\/span> <span>management<\/span> <span>team<\/span> <span>and<\/span> <span>quality<\/span> <span>projects,<\/span> <span>Pinnacle<\/span> <span>Silver<\/span> <span>and<\/span> <span>Gold<\/span> <span>is committed<\/span> <span>to<\/span><span> building<\/span> <span>long<\/span><span>-term<\/span><span>,<\/span> <span>sustainable<\/span> <span>value<\/span> <span>for<\/span> <span>shareholders.<\/span> <\/p>\n<p> <span>Signed: &#8216;Robert A. Archer&#8217;<\/span> <\/p>\n<p> <span>President &amp; CEO<\/span> <\/p>\n<p> <a href=\"https:\/\/investingnews.com\/pinnacle-amends-payment-terms-for-el-potrero-project\/\" target=\"_blank\"><\/a><span>For further information contact<\/span><span>:<\/span> <\/p>\n<p> <span>Email:\u00a0 \u00a0 \u00a0 \u00a0 <\/span><span><span>info@pinnaclesilverandgold.com<\/span><\/span> <\/p>\n<p> <span>Tel.: \u00a0+1 (877) 271-5886 ext. 110<\/span> <\/p>\n<p> <a href=\"https:\/\/investingnews.com\/pinnacle-amends-payment-terms-for-el-potrero-project\/\" target=\"_blank\"><\/a><span>Website: <\/span><span><span>www.pinnaclesilverandgold.com<\/span><\/span> <\/p>\n<p> \u00a0 <\/p>\n<p> <span>Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release<\/span><span>.<\/span> <\/p>\n<p> \u00a0 <\/p>\n<p>Copyright (c) 2026 TheNewswire &#8211; All rights reserved.<\/p>\n<\/p>\n<\/div>\n<p>News Provided by TheNewsWire via QuoteMedia<\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(TheNewswire) &#8216;Robert Archer, President and CEO of Pinnacle stated, &#8216;We are very appreciative of the opportunity to spread out the payments as this will allow us to better budget our direct project costs and place more emphasis on advancing the project. \u00a0With our recently completed financing, we are continuing our fast-track approach to production at <\/p>\n","protected":false},"author":1,"featured_media":49867,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-49866","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/posts\/49866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/comments?post=49866"}],"version-history":[{"count":0,"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/posts\/49866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/media\/49867"}],"wp:attachment":[{"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/media?parent=49866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/categories?post=49866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/tags?post=49866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}