Exploration Co. Finds High-Grade 1,159 g/t Silver at Mexico Project

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Pinnacle Silver & Gold Corp. (PINN:TSXV; PSGCFLOTC; P9J:FSE) announced continued ground follow-up on shafts, adits, and prospecting pits interpreted from the recent LiDAR survey of its Potrero project in Durango, Mexico. The results show new discoveries of polymetallic mineralization, such as silver-rich veins with assays up to 1,159 g/t Ag (silver). In the same release, Pinnacle Silver announced that continued field work at the Maria Fernanda 2 concession has extended previously announced silver-lead-zinc (Ag-Pb-Zn) mineralization along the strike. The LiDAR survey results were reported on January 6, 2026, and confirmed known structural trends, outlined previously unknown structures, and identified 6 shafts, 64 adits, and 51 prospecting pits on the two claim blocks of the 1,074-hectare property.

According to the company, highlighted results include:

• Ground follow-up of the recent airborne LiDAR survey on the Potrero Project has resulted in the discovery of new zones of polymetallic mineralization, enhancing the district-scale potential of the project  
• On the northern El Potrero claim group, a new series of adits on northeast-trending vein structures, dubbed the "Minas Nuevas", returned assays up to 0.252 g/t Au (gold), 1,159 g/t Ag, 4.72% Pb, and 0.10% Zn over 0.35m  
• On the MF2 block, the "Paulina Breccia" zone has been traced for approximately 400 meters to the northeast with 0.217 g/t Au, 47 g/t Ag, 0.65% Pb, and 0.71% Zn over 0.40 m and 0.232 g/t Au, 50 g/t Ag, 0.48% Pb, and 0.77% Zn over 0.60 m.  
• Also on the MF2 block and approximately 650 meters along strike to the southwest from the Paulina Breccia, an artisanal mine called "Las Guasimas" has yielded assays up to 3.21 g/t Au, 349 g/t Ag, 3.49% Pb, and 5.30% Zn from dump grabs  
• Collectively, the Paulina Breccia and Guasimas mine extend the apparent strike length of the vein system on MF2 to approximately 1,100 meters  

Pinnacle Silver's president and CEO, Robert Archer, said of the results: "These exciting discoveries of high-grade gold-silver-lead-zinc mineralization not only validate the effectiveness of the LiDAR survey, but are demonstrating the district-scale potential of the mineralizing system at El Potrero. From the processing plant at the northeast point of the project to the new Guasimas zone in the southwest is approximately 10 kilometers, and we now have both Au-Ag and Au-Ag-Pb-Zn mineralizing systems present. All of the recently discovered NE-SW trending polymetallic mineralization is in sharp contrast to the purely gold and silver NW-SE trending mineralization on the northern Dos de Mayo vein system and probably represents a completely different age of hydrothermal activity.  As all four of the operating mines surrounding the project are polymetallic, and the Au-Ag-Pb-Zn veins at the Topia Mine are just four kilometers away from MF2, finding this style of mineralization across the Potrero property just underscores how prolific this area really is."

Pinnacle Silver and Gold Corp. is a Canadian company focused on exploration and development of gold-silver projects in Mexico, as well as gold projects in Ontario.

Metals Market 'Holding Steady'

In the early hours of April 27, 2026, gold and silver prices were trading at a slight low after the latest news of the U.S.-Iran War and a troubled weekend for America's president, with June gold futures down US$24 to US$4,717.00, while May silver futures were down US$0.804 to US75.60. However, overall, gold is trading higher by 4.67% compared to a month ago and 40.5% higher than one year ago.

Iran reported to Pakistan that the war would end if the U.S. lifted the blockade of the Strait of Hormuz, but the White House was unclear about the proposal. A potential threat to President Trump's life occurred at the White House Correspondents' Dinner after shots were fired near the event. Each event has had an impact on metals stocks.

For Kitco, Jim Wyckoff wrote on April 27 that, "Technically, June gold futures bulls' next upside price objective is to produce a close above solid resistance at US$5,000.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at US$4,500.00. First resistance is seen at US$4,750.00 and then at US$4,800.00. First support is seen at last week's low of US$4,672.20 and then at US$4,626.00."

Wyckoff went on, writing, "May silver futures see the next upside price objective for the bulls is closing prices above solid technical resistance at the April high of US$83.245. The next downside price objective for the bears is closing prices below solid support at US$70.00. First resistance is seen at US$77.50 and then at US$80.00. Next support is seen at last week's low of US$73.845 and then at US$72.00."

Tim Manni for Yahoo Finance said that the metals are "holding steady" on April 27, as investors take a wait-and-see approach surrounding the uncertain conflict in the Middle East. Expectations that the U.S. federal government will leave inflation rates unchanged until at least later in the year are also offering investors more confidence in metals trading.

Analysts Find Positive Outlook for Pinnacle

On April 21, 2026, David A. Talbot, MD and Head of Equity Research for Red Cloud Securities, gave Pinnacle Silver a 'Slightly Positive' impact rating due to recent news but noted he did not have a price target or rating for the company, saying, "We believe progress on mine restart and further exploration success should help re-rate the stock."

On April 23, 2026, Tim Wright of Couloir Capital gave the company a 'Buy' rating with a fair value of CA$0.33 cents and a 'Very High' perceived risk rating. Wright gave the company a positive outlook over the next year.

Upcoming 2026 Catalysts

The company's investor presentation lists the following near-term, mid-term, and long-term catalysts:

• Continued surface & underground mapping and sampling
• Continuing the permitting process
• Complete underground rehabilitation in preparation for drilling
• Underground and surface diamond drilling
• Phase II metallurgical testing
• Redesign of the plant and complete cost and time requirements for restart
• Obtain quotes regarding the extension of the power line to the plant site
• Discuss the potential offtake agreement and project financing with metal traders
• Evaluate other acquisition opportunities

Ownership & Share Information¹

Pinnacle Silver and Gold Corp. has a market cap of approximately CA$19 million, with 144.71 million shares outstanding. The 52-week range is CA$0.04-CA$0.19.

Management and Insiders own 54% of shares, while the remaining 46% of shares are held by retail.