Pinnacle Silver secures Auramet financing partner for El Potrero mine development

Pinnacle Silver and Gold CEO Robert Archer joined Steve Darling from Proactive to discuss the company’s agreement with Auramet Capital Partners to arrange up to US$5 million in non-equity project financing for the development of its high-grade El Potrero gold-silver project in Durango, Mexico. Archer said Auramet has been appointed as Lead Project Financier and will work with Pinnacle during a seven-month exclusivity period to structure a financing package, subject to due diligence, operational progress, and customary closing conditions. Management believes the non-equity approach could significantly reduce shareholder dilution while advancing the project toward production. Development at El Potrero continues to move forward, with underground delineation drilling underway and two phases of metallurgical testing returning encouraging results. Test work indicates head grades averaging approximately 7.7 g/t gold and 116 g/t silver, with gold recoveries exceeding 97% and silver recov...