Mr. Edward Farrauto, CEO of Pinecrest Resources is pleased to announce that the Company has signed non-binding letters of intent with Red Back Mining Ghana Limited a wholly- owned subsidiary of Kinross and Edgewater Exploration, to acquire 100% of the legal and beneficial ownership of the Enchi Gold Project located in South West Ghana. The Project [...]
Pinecrest Resources has terminated its option agreement with Kootenay Silver Inc. on the Espiritu project in Sonora, Mexico. Pinecrest management is continuing to seek high potential precious and base metal projects for acquisition. Edward Farrauto, CGA, President and CEO. Forward-Looking Statements: Statements in this release that are [...]
Pinecrest Resources announces that at its annual and special meeting held on April 4, 2013, the shareholders of the Company approved an advance notice policy (the "Policy"), for the purpose of providing shareholders, directors and management of Pinecrest with a clear framework for nominating directors. The Policy is meant to: (i) facilitate an [...]
Subject to regulatory approval, Pinecrest Resources Ltd. has granted 510,000 stock options to a director of the Company. The options are at an exercise price of $0.12 per share and valid for a period of five years from the date of grant. Edward Farrauto, CGA, President and CEO
Pinecrest Resources and Kootenay Silver report initial Phase 1 drill results from the Espiritu polymetallic vein/breccia project, Sonora. Five diamond drill holes totaling 409 metres were completed on two of seven known silver-rich mineralized areas outlined to date. Two holes tested the Road Show Zone and three the Molinos Zone. Two drill holes [...]
Mr. Edward Farrauto, President and CEO of Pinecrest Resources is pleased to announce the beginning of a Phase 1 drilling program on the Company's Espiritu gold/silver polymetallic project, Sonora. The phase I drill program will comprise 500 m of core drilling to test two silver/gold polymetallic mineralized zones outlined during the Phase I [...]
Mr. Edward Farrauto, President and CEO of Pinecrest Resources is pleased to announce that a Phase 1 exploration program has begun on the Company's Espiritu polymetallic vein/breccia project, Sonora, Mexico. Pursuant to the terms of an option agreement with Kootenay Gold, Pinecrest can earn a 50% interest in the 10,000 ha Espiritu project by [...]
Pinecrest Resources is pleased to announce it has retained Featherstone Capital Advisorsto provide corporate development and financial advisory services. Pinecrest has agreed to pay Featherstone a retainer of $7,000 per month plus expenses per the agreement for a period of twelve months. In addition, Pinecrest has granted Featherstone 300,000 stock [...]
Pinecrest, a capital pool company, announces an increase of its previously announced non-brokered private placement. The non-brokered private placement will be increased from 2,500,000 units to 3,500,000 Units at a purchase price of $0.22 per Unit. Each Unit will consist of one common share and one transferable common share purchase warrant. Each [...]
