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Finance Investment, Oil Mining Resources

Pinnacle Minerals Ltd (PIM:ASX) – Drilling Program Finalised at Capel Mineral Sands Project

Pinnacle Minerals Ltd (PIM:ASX) 2 mins read

PERTH, Western Australia — Pinnacle Minerals Ltd (ASX: PIM), an ASX listed technology minerals company , is pleased to announce the successful completion of an extensive aircore drilling program at its Capel Mineral Sands Project in Western Australia.

The completed program, which consisted of 95 holes and covered a total of 2,067 meters, was finished in an impressive six days, ahead of schedule. This expedited completion underscores Pinnacle Minerals' commitment to operational excellence and efficient resource exploration.

Program Highlights:

  • Rapid Completion: The drilling was executed within just six days, significantly ahead of the planned schedule.
  • Extensive Sampling: Samples have been sent to Diamantina Laboratories in Malaga for detailed heavy mineral analysis, which will help in determining the total heavy mineral content and valuable heavy mineral percentages.
  • Promising Region: The Capel project area is located in a well-known heavy mineral sands region in Southwest Australia, which hosts several large deposits currently being mined by major global companies.

Pinnacle Minerals Managing Director, Nic Matich, commented: 

“Completing the first drilling program of 2024 on schedule is a testament to the team’s resolve to focus on our key projects and deliver on our 2024 exploration plan announced in April. The assay results are eagerly anticipated given some of the visual estimates panned during the program.”

The assay results are expected to be available in 6-8 weeks, at which time further updates will be provided to the market. This drilling initiative is a part of Pinnacle Minerals’ comprehensive 2024 exploration plan, aimed at enhancing shareholder value through systematic exploration and development of its portfolio.

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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