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Finance Investment, Oil Mining Resources

Pinnacle Minerals Ltd (PIM:ASX) – Drilling Commences at Capel Mineral Sand Project

Pinnacle Minerals Ltd (PIM:ASX) 2 mins read

PERTH, AUSTRALIA, May 24, 2024 – Pinnacle Minerals Ltd (ASX: PIM), a key player in the technology minerals market, is excited to announce the commencement of a significant aircore drilling program at the Capel Mineral Sands Project, located in the resource-rich southwest region of Western Australia.

This extensive drilling campaign, conducted by Wallis Drilling, involves a 2,000-meter aircore drill across 93 holes, aimed at exploring the potential of heavy mineral sands (HMS) mineralisation. The program, which began on schedule, is expected to be completed within nine days. Samples will be analyzed by Diamantina Laboratories to assess the viability and scale of the mineralisation.

The Capel Mineral Sands Project has previously shown promising signs of mineralisation, with adjacent areas like the Iluka Capel South Deposit reporting significant reserves. Initial results from the first seven holes have confirmed the presence of HMS mineralisation, encouraging further exploration.

Pinnacle Minerals Managing Director, Nic Matich, commented:

“Executing the first drilling program of 2024 on a brownfields project where previous exploration has defined thick heavy mineral sands mineralisation is an exciting time for the Company. We have progressed from access agreements to the drilling campaign within five (5) months and look forward to investigating synergies with other operators in the region should the exploration campaign be successful”.

About us:

Pinnacle Minerals Ltd (ASX:PIM) is an ASX listed technology minerals company focused on delivering shareholder value via the systematic exploration and development of its portfolio of battery and technology metals projects in Canada, Western Australia and South Australia. Pinnacle aims to deliver exploration success via systematic and geologically rigorous techniques. The Company’s focus is the “Adina East Project” in James Bay, Quebec which is proximal to the world class Adina Lithium Project (Winsome Resources: ASX:WR1) and adjacent to the Trieste Lithium Project (Loyal Lithium: ASX:LLI) and the Tilly Lithium Project (ASX:WR1). The Company’s Australian exploration assets are prospective for Uranium, Rare Earth Elements and Heavy Mineral Sands.

Contact details:

Jane Morgan


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