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The State of Global Mining
By Jackie Steinitz
24 Nov 2007 at 12:52 AM GMT-05:00
LONDON (ResourceInvestor.com) -- The mood at this week’s biggest ever Mines and Money event organised by the Mining Journal in London was cautiously upbeat; more subdued than last year, but definitely underpinned by a view that the mining boom is alive, well and kicking.
[continued in following link]
http://www.resourceinvestor.com/pebble.asp?relid=38117
Definitely worth an initial look and future reference... .http://www.pfncapital.com/i/pdf/BFagan_Stocks&Speculations_Apr2007.pdf
futrcash
excellent review of what pacific North West represents as an investment...
http://www.pfncapital.com/s/Articles.asp?ReportID=186774
futrcash
To paraphrase Phil Rizzuto,and Robin,with deference to both...
Holy chit!...if only there were a way to accelerate the cold fusion dream of unlimited energy,similar to that process powering our solar system.
great find Sumisu!
thanks,
futrcash
Palladium: An Investable Metal That Defies Physics
November 25, 2007
http://seekingalpha.com/article/55173-palladium-an-investable-metal-that-defies-physics
Frank McAllister, CEO of Stillwater Mining (SWC), would call palladium a Cinderella Metal. I agree with him not only on the reasons he cited but more importantly because palladium (Pd) really is a very romantic fairy tale metal that breaks several known physics laws, literally. I am not a crackpot theorist trying to overthrow modern science. Let me explain why palladium defied several physics laws.
First, palladium defies the oldest known physics law, Isaac Newton's gravity law. The Russians have accumulated a large strategic stockpile of palladium since the Soviet Era; they have been selling off the stockpile ever since the late 90s. In 2000, a rumor that the Russians may stop the government sale caused a global market panic and drove the price up to $1100 a troy ounce. In the chaos, Ford (F) and GM (GM) purchased large amount of palladium right at the top of the price. The Russians promptly resumed export of the stockpile palladium. The global market was flooded with a huge surplus of palladium supply, and the price collapsed, forcing Ford to write down a $1B loss as a result. The price bottomed in 2003 at $142. It's the law of gravity in the economy of supply and demand: When something is over-supplied, the price has to fall.
The Russians continued to sell about 2 million ounces from the stockpile per year, on top of mine production. Global mine production was roughly 7 million ounces a year. So the total supply was about 9 million ounces while demand was only 7 million ounces. So in a huge surplus situation, the gravity law says the price must continue to fall. That was the conclusion of Allan Williamson in 2003. He was non-reservedly pessimistic in prediction that palladium price should continue to fall, due to continuing massive oversupply condition.
But palladium defied gravity and rallied off the $142 bottom of 2003, pushed toward $400 and proved Allan Williamson as well as all other metal analysts wrong. Why was it so? It really shocked me and forced me to research why it defied gravity, and I found many good reasons why. One of the reasons is, as shown on this futures chart, palladium open interest dramatically increased starting in the middle of 2003. Some strong hands started to hoard all the excessive palladium because they saw some huge potential in the future. These are not speculators. They have a firm belief in palladium's future, and have been driving price up in the past few years. One of the potential is increased demand of palladium used in jewelry, like in China. But it's way much more than that. I also came to realize that the Russian stockpile is not an infinite supply. It will come to an end. We will then see a structural deficit in palladium.
Palladium's many emerging usages relate to the fact that it defies another physics law. It is a solid metal, but it absorbs hydrogen gas, and lots of it.Palladium can absorb up to 900 times its own volume of hydrogen. It also absorbs deuterium, a heavier form of hydrogen with an extra neutron in its nucleus. Palladium's absorption of deuterium is extremely important that I will talk about later.
Since palladium absorbs hydrogen, that makes it very useful. Like platinum, it can be used as a catalyst in many important industry chemical reactions, like oil refinery and fertilizer production, synthetic fiber etc. It is most widely used in autocatalysts to reduce air pollution.
Palladium is also used in hydrogen purification. Both platinum and palladium can be used as a catalyst in fuel cell batteries, a red hot industry sector being developed. There are already hydrogen fuel cell vehicles being driven on American roads, and hydrogen refueling stations in New York and Shanghai. Commercial hydrogen fuel cell vehicles will come to the mass market next year. There are also miniature fuel cell batteries, called Direct Methanol Fuel Cell [DMFC], being developed for mobile electronics, like cell phones, laptop computers and digital cameras, providing extremely long lasting battery power; such consumer fuel cell devices will also go to the mass market beginning next year. This will be a great hit because who wouldn't want a cell phone that does not need recharging overnight? See the Fuel Cell Today web site for lots and lots of exciting news stories about fuel cell, and Platinum Today for any news related to PGM metals.
The point is all fuel cells must consume PGM metals as catalyst. So that will be a booming demand to drive PGM metal prices to crazily high levels, which will definitely help the stock prices of North American Palladium (PAL) in the long term.
Coincidentally, the middle of 2003 was a pivotal point for SWC and palladium. Palladium price bottomed in mid 2003 and rallied strongly up, defying gravity. Strong hand investors suddenly become interested in palladium in 2003, and open interest in the futures market boomed. Russian Norilsk acquired 54% stake in SWC, with the blessing of the Bush administration, thus dominating more than 50% of the global palladium market, and Mr. Craig Fuller, former White House Chief of Staff to the senior President Bush, was elected to the Board of Directors of SWC. Also in that year, President Bush started to pitch hydrogen economy to the nation, and tried to get America weaned off of dependency on Middle-East oil.
There was also another coincidence in the year 2003 that few people, except maybe the palladium strong hand, noticed; there were experimental breakthroughs reported in the field of Cold Fusion, a 1989 science discovery that was too quick to be denounced as science hoax and be dismissed. The repeatable new experiments re-ignited the science community's renewed interests in Cold Fusion. The research activities boomed.
That brings us to the last and most shocking deed of our fairy tale metal, palladium in totally defying the ultimate physics law, the modern quantum mechanics and nuclear physics. The textbook of physics says that nuclear fusion, where two deuterons fuse into one helium nucleus, releasing tremendous energy doing so, could not happen at room temperature, because the positively charged deuterons will expel each other. You must pack the deuterons to high density and raise to extremely high temperature and let the nuclei smash into each other at high speed in order to fuse them together against the Coulumb Barrier. How could it be possible at room temperature?
But palladium defied the known physics and proved scientists wrong. Palladium absorbs 900 times its own volume worth of deuterium. When driven by an electric current, the heavily packed deuterium atoms within palladium, with the catalyst of the palladium crystal lattice, was able to fuse and release huge amount of energy. The experiments were done, repeatedly, by the US NAVY researchers and hundreds of other research groups worldwide. Excessive heat and energy was measured, helium was detected, neutron release detected and some experimental instruments blew up, a successful failure that proved there's huge energy released. There are also amazing YouTube videos showing the effect of cold fusion. See the video series The War Against Cold Fusion, part 1, part 2, part 3, part 4 and part 5. Read all about cold fusion on LENR-CANR web and on New Energy Times.
The business of science is that when experiments are done, repeatedly, defying the theory, it must be accepted as real science and the theorists must scratch their heads to come up with some new physics to explain the experiments. Beginning in 2007, the American Physical Society conducted dedicated Cold Fusion sessions in their March Meetings. They will continue to have Cold Fusion sessions again in March 2008. Cold Fusion is gaining footstand and is being accepted by the main stream scientific community as a legitimate science.
It's relevant because cold fusion must use palladium. A success soon in commercial cold fusion products, as claimed by private companies like D2Fusion, or by a Russian scientist, will provide humanity with virtually inexhaustible new energy from the ocean water, and overcome the Peak Oil Crisis altogether. But it will also drive the palladium price to an unimaginably high level. A residential cold fusion device of the size of a washer machine, containing just 1/10 of an ounce of palladium, will provide your whole family's energy need for the life of the house and you never have to pay for electricity, natural gas or winter heating ever again. How much are you are going to pay for it? I am willing to pay $100K for that device containing 1/10 ounces of palladium. That figures to a palladium price of ONE THOUSAND TIMES the current gold price.
You would be very glad that you have hoarded some palladium. You would be even happier that you invested in PGM producers SWC and PAL if cold fusion happens. You would, however, regret that you invested in high flying solar companies like First Solar (FSLR), which uses an extremely rare metal tellurium to make solar panels; the business will probably break down due to a tellurium shortage crisis. You would also regret that you followed the mob and invested into expensive and red hot solar players like Akeena Solar (AKNS), Applied Materials (AMAT), Ascent Solar (ASTI), BTU International (BTUI), Canadian Solar (CSIQ), China SunEnergy (CSUN), DayStar (DSTI), Evergreen Solar (ESLR), Hoku Scientific (HOKU), JA Solar (JASO), LDK Solar (LDK), SolarFun (SOLF), SunPower (SPWR), SunTech Power (STP), Trina Solar (TSL), MEMC Electronic Materials (WFR) and Yingli Green Energy (YGE), a whole bunch of names which were once hot, but are going nowhere selling expensive solar panels when governments cut down spending and eliminate solar subsidies. If you were chasing those fly fliers you may have missed the real alternative energy gems, SWC and PAL. Frankly, the whole solar energy sector will not provide us much energy, and will become obsolete when we have virtually inexhaustible cold fusion energy.
So if you are really interested in an alternative energy play, the absolutely unbeatable future winners will be the little heard about SWC and PAL, due to fuel cell technology and cold fusion development. I would suggest buying these two stocks while they are dirt cheap. I often like to compare SWC in 2007 to Southern Copper Corporation (PCU) in 2003. PCU was barely profitable in 2003 and the stock was flat for 8 years, but it was the best time to get into PCU as it was poised to go on an incredible rally on the copper bull.
You also need to contact your Congressional Representatives and Senators, and the President. Urge them to fund and support the cold fusion research and speed up the adaptation of a hydrogen economy, and wean us of the dependency on fossil fuel. Cold Fusion is the best and last hope we have to acquire an abundant alternative energy source to replace the quickly depleting fossil fuels, saving us from the Peak Oil Collapse. For the sake of humanity's future, and of course for the sake of our own prosperity for those of us invested in SWC/PAL, we'd better hope that Cold Fusion will be a beautiful dream come true!
Palladium is really a magical and romantic fairy tale Cinderella Metal which humanity cannot live without. It works silently in the catalyst converters of our cars to reduce air pollution; it works in water treatment factories to clean our ground water to save our environment; it provides fuel cells so we can drive pollution free, high energy efficient hydrogen fuel cell cars; it may also provide cold fusion energy to replace our fossil fuel energy sources. It's nature's best gift to the human race. We should cherish it.
This Thanksgiving, I had a lot to be thankful for; high on that list is the existence of this magic metal, and for that I finally learned the facts about the metal, 18 years after I first heard about Cold Fusion in 1989. I am thankful that America is still the world's best country and I wish our prosperity will continue into the future.
Full disclosure: I am heavily invested in SWC and PAL, and I have short positions in FSLR and may also short other over-priced solar players. I hoard palladium metal and tellurium metal.
My sentiments exactly. This could be a big play which is why I'm scrambling to buy some more shares at these low prices.
I have no idea what the production costs will be, but I will attempt to call the company this week. My contact there has left for another job, but I will try to nail it down.
sumi
Looks as if we have the makings of a significant mine...
"Current measured resource is 8.53 million tonnes containing 353,200 ounces of palladium (1.29 g/t), 116,800 ounces of platinum (0.43 g/t) and 20,400 ounces of gold (0.07 g/t) and an indicated resources of 22.02 million tonnes containing 600,700 ounces of palladium (0.85 g/t), 212,800 ounces of platinum (0.30 g/t) and 39,000 ounces of gold (0.06 g/t) with an additional inferred resource of 2.39 million tonnes containing 67,000 ounces of palladium (0.87 g/t), 23,800 ounces of platinum (0.31 g/t) and 4,000 ounces of gold (0.05 g/t) using a 0.7 g/t cut off (pt/pd) (PFN press release March 22, 2007)."
I mean when one multiplies out the valuation in those reserves,we're talking about some serious bucks!
Just the platinum #'s come out to over$300 million!
Wonder what the feasibility study will show as to costs of production?
futrcash
Phase 9B $525,000 Exploration Budget on River Valley, River Valley Platinum Group Metals Project, Sudbury, Ontario
Monday November 5, 9:48 am ET
http://biz.yahoo.com/cnw/071105/pacific_river_valley.html?.v=1
VANCOUVER, Nov. 5 /CNW/ - Pacific North West Capital Corp. (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News) is pleased to report that a Phase 9B $525,000 budget for continued evaluation of the Interior River Valley Intrusive (RVI) has been approved for the River Valley PGM Project by joint venture partner Anglo Platinum Limited ("Anglo Platinum"); the world's largest primary producer of platinum. The River Valley Project, located near Sudbury, Ontario. Further ground sampling, stripping, channelling and continued evaluation on the Interior RV intrusive will begin immediately to evaluate the mineral potential on PGM zones identified in the 2006 mapping and prospecting programs.
The objective of the programs is to define the new PGM mineralization that could expand the potential of the project. These new areas appear to be reflected by geophysical (magnetic and IP) responses within the RVI.
The River Valley PGM Project is Joint Ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over C$20 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Map attachment: http://www.pfncapital.com/i/maps/rv_map_nov2007.jpg
Current measured resource is 8.53 million tonnes containing 353,200 ounces of palladium (1.29 g/t), 116,800 ounces of platinum (0.43 g/t) and 20,400 ounces of gold (0.07 g/t) and an indicated resources of 22.02 million tonnes containing 600,700 ounces of palladium (0.85 g/t), 212,800 ounces of platinum (0.30 g/t) and 39,000 ounces of gold (0.06 g/t) with an additional inferred resource of 2.39 million tonnes containing 67,000 ounces of palladium (0.87 g/t), 23,800 ounces of platinum (0.31 g/t) and 4,000 ounces of gold (0.05 g/t) using a 0.7 g/t cut off (pt/pd) (PFN press release March 22, 2007).
The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization.
About Pacific North West Capital Corp.
--------------------------------------
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a North American industry leader in the search for Platinum Group Metals (PGMs) and Nickel.
Management's corporate philosophy is to be Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel and Soquem.
In late 2004 PFN established a Nickel Division that is expanding and to date has an Option/Joint Venture in the Timmins Mining District with Xstrata.
An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $2.8 million on the project to date. In May, a diamond drill program commenced to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC). The program was expanded to 4000 meters in June 2007. Currently, a geophysical program is underway to outline additional drill targets for a winter 2008 drill program.
In November 2006, Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western hemisphere, purchased an initial 11% of PFN and has followed its position in two recent financings and currently has approximately 10% of the PFN.
PFN and Stillwater have entered into a non-binding Letter Agreement pertaining to ongoing exploration of the Goodnews Bay Platinum Project (GBPP). The Letter Agreement also provides for Stillwater to fund reconnaissance on other Alaskan PFN exploration projects with the provision for Stillwater to enter into an option/joint venture agreements on the Goodnews Bay Project and 1 or more of the reconnaissance projects in Alaska.
Under the terms of the Letter Agreement, Stillwater will spend $4 million to earn 50% of GBPP by December 31, 2010. Stillwater may elect to increase its interest to 60% by incurring an additional $8 million in exploration expenditures within an additional two year period or upon completion of a Feasibility Study, whichever occurs first. Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.
Under the Reconnaissance Agreement, Stillwater may expend $500,000 in 2007 which will allow it to inspect several of PFN's proposed projects. In event Stillwater elects to continue participating in one or more projects, they will be able to enter into one or more agreements identical to the Goodnews Bay. Pacific North West Capital is the project operator.
In addition, Pacific North West Capital is exploring the Coldwell PGM Project. The Project is within the Alkaline Coldwell Intrusive Complex which hosts a number of PGE and Copper showings and occurrences. The three groups of 71 mineral claims (968 units or 38,270 acres) have been designated Coldwell West, Coldwell Central and Coldwell South. The projects are 100% owned by PFN and are centrally situated approximately 215 km north east of the city of Thunder Bay, 10 km north of the town of Marathon, and 40 km west of the prolific Hemlo Gold Camp.
Work continues on the Coldwell West, Central and South Projects. Analytical results of lake bottom sediments and prospecting samples collected in September have been sent for assay. A 3,100 line kilometre VETM airborne survey is presently being flown by Geotech Limited of Aurora, Ontario. According to Mr. John Londry, VP Exploration, "this survey will enhance and better define the mineralized zones and structure of the Eastern Border Gabbro lithology and its extensions associated within the Coldwell Complex".
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec.
PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America.
The company has over $9.5 million in working capital and securities.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
On behalf of the Board of Directors
(signed)
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Tel: (604) 685-1870, Fax: (604) 685-8045, Email: info@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
I like reading the specifics,not only,of the current exploratory work,but also the specifics with regards to their contract with Stillwater...
Thanks for posting that.
futrcash
Pacific North West Capital Update on Coldwell PGM Project, Ontario
Wednesday October 31, 9:32 am ET
http://biz.yahoo.com/cnw/071031/pnw_coldwell_project.html?.v=1
Phase One - $900,000 exploration program commenced
- Lake bottom sediment sampling complete
- 3,100 line kilometre VETM airborne survey underway to better define mineralized zones and structure
- The Coldwell Complex is the largest composite alkaline intrusive complex in North America
VANCOUVER, Oct. 31 /CNW/ - Pacific North West Capital Corp. (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News). Further to the Company's September 18, 2007 press release, Pacific North West Capital is pleased to announce an update on the Coldwell PGM Project. The Project is within the Alkaline Coldwell Intrusive Complex which hosts a number of PGE and Copper showings and occurrences. The three groups of 71 mineral claims (968 units or 38,270 acres) have been designated Coldwell West, Coldwell Central and Coldwell South. The projects are 100% owned by PFN and are centrally situated approximately 215 km north east of the city of Thunder Bay, 10 km north of the town of Marathon, and 40 km west of the prolific Hemlo Gold Camp.
Work continues on the Coldwell West, Central and South Projects. Analytical results of lake bottom sediments and prospecting samples collected in September have been sent for assay. A 3,100 line kilometre VETM airborne survey is presently being flown by Geotech Limited of Aurora, Ontario. According to Mr. John Londry, VP Exploration, "this survey will enhance and better define the mineralized zones and structure of the Eastern Border Gabbro lithology and its extensions associated within the Coldwell Complex".
The PGE and Copper mineralization in the Coldwell has been associated with the Eastern Border Gabbro unit which hosts Benton Resources Ltd's Skipper Lake, Four Dam Lake occurrences within the Bermuda Property, as well as Marathon PGM Corporation's PGE-Cu Project deposit of a NI 43-101 measured resource of 39.2 million tonnes containing 1.6 million ounces of PGM and gold and 285 million pounds of copper, and an indicated resource of 28.9 million tones containing 1.1 million ounces of PGM and gold and 178 million pounds of copper. (See Marathon PGM Corporation's press release dated February 19, 2007).
Harry Barr, President & CEO of Pacific North West Capital stated, "Our objective is to significantly expand our PGM and Base Metals portfolios in North America". PFN's Vancouver and Ontario based technical teams are currently guiding the acquisition process and preparing for winter exploration programs.
To view the maps, please link to www.pfncapital.com
About Pacific North West Capital Corp.
--------------------------------------
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a North American industry leader in the search for Platinum Group Metals (PGMs) and Nickel.
Management's corporate philosophy is to be Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel and Soquem.
In late 2004 PFN established a Nickel Division that is expanding and to date has an Option/Joint Venture in the Timmins Mining District with Xstrata.
An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $2.8 million on the project to date. In May, a diamond drill program commenced to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC). The program was expanded to 4000 meters in June 2007. Currently, a geophysical program is underway to outline additional drill targets for a winter 2008 drill program.
In November 2006, Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western hemisphere, purchased an initial 11% of PFN and has followed its position in two recent financings and currently has approximately 10% of the PFN.
PFN and Stillwater have entered into a non-binding Letter Agreement pertaining to ongoing exploration of the Goodnews Bay Platinum Project (GBPP). The Letter Agreement also provides for Stillwater to fund reconnaissance on other Alaskan PFN exploration projects with the provision for Stillwater to enter into an option/joint venture agreements on the Goodnews Bay Project and 1 or more of the reconnaissance projects in Alaska.
Under the terms of the Letter Agreement, Stillwater will spend $4 million to earn 50% of GBPP by December 31, 2010. Stillwater may elect to increase its interest to 60% by incurring an additional $8 million in exploration expenditures within an additional two year period or upon completion of a Feasibility Study, whichever occurs first. Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.
Under the Reconnaissance Agreement, Stillwater may expend $500,000 in 2007 which will allow it to inspect several of PFN's proposed projects. In event Stillwater elects to continue participating in one or more projects, they will be able to enter into one or more agreements identical to the Goodnews Bay. Pacific North West Capital is the project operator.
In addition, PFN is exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Current measured resource is 8.53 million tonnes containing 353,200 ounces of palladium (1.29 g/t), 116,800 ounces of platinum (0.43 g/t) and 20,400 ounces of gold (0.07 g/t) and an indicated resources of 22.02 million tonnes containing 600,700 ounces of palladium (0.85 g/t), 212,800 ounces of platinum (0.30 g/t) and 39,000 ounces of gold (0.06 g/t) with an additional inferred resource of 2.39 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) using a 0.7 g/t cut off (pt/pd) (PFN press release March 22, 2007). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. Management recently presented Anglo Platinum with a fall 2007 2008 work program and budget.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec.
PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America.
The company has over $9.5 million in working capital and securities.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
On behalf of the Board of Directors
(signed)
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
(604) 685-1870, Fax: (604) 685-8045, Email: info@pfncapital.com
or visit www.pfncapital.com
2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
Critical Metals for the U.S. Civilian and Defence Industries: An Opportunity or Problem?
By Jack Lifton
18 Oct 2007 at 05:37 PM GMT-04:00
http://www.resourceinvestor.com/pebble.asp?relid=36930
THE LAST UNDERVALUED INDUSTRIAL METAL?
by Teeka Tiwari
The Trend Rider Tycoon Publishing, LLC.
October 18, 2007
http://www.financialsense.com/fsu/editorials/tycoon/2007/1018.html
Phase III Nickel Acquisition Acquires Nickel Plats Project in Saskatchewan
Wednesday October 10, 8:00 am ET
http://biz.yahoo.com/cnw/071010/pfn_acquire_nickel.html?.v=1
- Acquisition of historical Nickel mineralized zone
- PFN expanding Nickel & PGM Divisions
- $10 million in cash and securities
- Exploration program slated - Winter 2007
TSX: PFN OTCBB: PAWEF Frankfurt: P7J >>
VANCOUVER, Oct. 10 /CNW/ - Further to the announcement dated June 28, 2007, Pacific North West Capital Corp. (TSX: PFN OTCBB: PAWEF Frankfurt: P7J) has acquired an additional 18,800 acres or 75 square kilometres of prospective ground in the area of the Nickel Plats Project. The current land package totals 20,600 acres.
After evaluating historical and Saskatchewan government data files, additional ground has been acquired to cover identified mafic intrusions in the area around the Nickel Plats Project. Further ground proving on the project will begin in the near future to evaluate the mineral potential of identified targets.
PFN's acquisition program will continue throughout 2007, in order to position the Company and its shareholders for what Management believes will be the largest expansion in Nickel exploration since the 1990s. Harry Barr, President & CEO of Pacific North West Capital stated, "Our objective is to control a strategic Nickel exploration portfolio in North America". PFN's Ontario based technical team is guiding the acquisition process and preparing for summer and fall exploration programs.
To view the maps, please link to www.pfncapital.com
About Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a North American industry leader in the search for Platinum Group Metals (PGMs) and Nickel.
Management's corporate philosophy is to be Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel and Soquem.
In late 2004 PFN established a Nickel Division that is expanding and to date has an Option/Joint Venture in the Timmins Mining District with Xstrata.
An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $1.69 million on the project to date. In May, a diamond drill program commenced to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC). The program was expanded to 4000 meters in June 2007.
Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western hemisphere, recently purchased an initial 11% of PFN and has followed its position in two recent financings and currently has approximately 10% of the PFN.
PFN and Stillwater have entered into a non-binding Letter Agreement pertaining to ongoing exploration of the Goodnews Bay Platinum Project. The Letter Agreement also provides for Stillwater to fund reconnaissance on other Alaskan PFN exploration projects with the provision for Stillwater to enter into an option/joint venture agreements on the Goodnews Bay Project and 1 or more of the reconnaissance projects in Alaska.
Under the terms of the Letter Agreement, Stillwater will spend $4 million to earn 50% of GBPP by December 31, 2010. Stillwater may elect to increase its interest to 60% by incurring an additional $8 million in exploration expenditures within an additional two year period or upon completion of a Feasibility Study, whichever occurs first. Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.
Under the Reconnaissance Agreement, Stillwater may expend $500,000 in 2007 which will allow it to inspect several of PFN's proposed projects. In the event Stillwater elects to continue participating in one or more projects, they will be able to enter into one or more agreements identical to the Goodnews Bay. Pacific North West Capital is the project operator.
In addition, PFN is exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Current measured resource is 8.53 million tonnes containing 353,200 ounces of palladium (1.29 g/t), 116,800 ounces of platinum (0.43 g/t) and 20,400 ounces of gold (0.07 g/t) and an indicated resources of 22.02 million tonnes containing 600,700 ounces of palladium (0.85 g/t), 212,800 ounces of platinum (0.30 g/t) and 39,000 ounces of gold (0.06 g/t) with an additional inferred resource of 2.39 million tonnes containing 67,000 ounces of palladium (0.87 g/t), 23,800 ounces of platinum (0.31 g/t) and 4,000 ounces of gold (0.05 g/t) using a 0.7 g/t cut off (pt/pd) (PFN press release March 22, 2007).
The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. Management recently presented Anglo Platinum with the 2008 work program and budget.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec. The summer exploration program has begun on this project.
PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America more specifically in Labrador, Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.
The company has over $10 million in working capital and securities.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
On behalf of the Board of Directors
(signed)
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Tel: (604) 685-1870, Fax: (604) 685-8045, Email: info@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
Pacific North West Capital Corp to Attend Denver Gold Forum
Monday September 24, 2:44 pm ET
http://biz.yahoo.com/cnw/070924/pfn_denver_gold_forum.html?.v=1
TSX: PFN OTCBB: PAWEF Frankfurt: P7J
VANCOUVER, Sept. 24 /CNW/ - Pacific North West Capital Corp. (PFN: TSX; PAWEF: OTC BB; P7J: Frankfurt) is pleased to announce that it has been selected to attend the Denver Gold Group's Gold Forum as a "Junior Exploration" company on September 23 to 26th. This invitation-only conference is internationally regarded as one of the world's most prestigious precious metals investment forums, attended by major global fund and portfolio managers, institutional investors and analysts. Apart from its attendance at the conference, Pacific North West Capital will also be co-sponsoring the Exploration Reception held on Monday, September 24th from 6 to 8 p.m. at the Hyatt Regency Denver.
About Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a North American industry leader in the search for Platinum Group Metals (PGMs) and Nickel.
Management's corporate philosophy is to be Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel and Soquem.
In late 2004 PFN established a Nickel Division that is expanding and to date has an Option/Joint Venture in the Timmins Mining District with Xstrata.
An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $1.69 million on the project to date. In May, a diamond drill program commenced to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC). The program was expanded to 4000 meters in June 2007.
Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western hemisphere, recently purchased an initial 11% of PFN and has followed its position in two recent financings and currently has approximately 10% of PFN.
PFN and Stillwater have entered into a non-binding Letter Agreement pertaining to ongoing exploration of the Goodnews Bay Platinum Project. The Letter Agreement also provides for Stillwater to fund reconnaissance on other Alaskan PFN exploration projects with the provision for Stillwater to enter into an option/joint venture agreement on the Goodnews Bay Project and 1 or more of the reconnaissance projects in Alaska.
Under the terms of the Letter Agreement, Stillwater will spend $4 million to earn 50% of GBPP by December 31, 2010. Stillwater may elect to increase its interest to 60% by incurring an additional $8 million in exploration expenditures within an additional two year period or upon completion of a Feasibility Study, whichever occurs first. Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.
Under the Reconnaissance Agreement, Stillwater may expend $500,000 in 2007 which will allow it to inspect several of PFN's proposed projects. In the event Stillwater elects to continue participating in one or more projects, they will be able to enter into one or more agreements identical to Goodnews Bay. Pacific North West Capital is the project operator.
In addition, PFN is exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Current measured resource is 8.53 million tonnes containing 353,200 ounces of palladium (1.29 g/t), 116,800 ounces of platinum (0.43 g/t) and 20,400 ounces of gold (0.07 g/t) and an indicated resources of 22.02 million tonnes containing 600,700 ounces of palladium (0.85 g/t), 212,800 ounces of platinum (0.30 g/t) and 39,000 ounces of gold (0.06 g/t) with an additional inferred resource of 2.39 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) using a 0.7 g/t cut off (pt/pd) (PFN press release March 22, 2007).
The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. Management recently presented Anglo Platinum with the 2008 work program and budget.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec. The summer exploration program has begun on this project.
PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America more specifically in Labrador, Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.
The company has over $11 million in working capital and securities.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
On behalf of the Board of Directors
(signed)
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Tel: (604) 685-1870, Fax: (604) 685-8045, Email: info@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
Pacific North West Capital Acquires Three New PGM Projects
Tuesday September 18, 9:48 am ET
http://biz.yahoo.com/cnw/070918/pfn_acquires_projects.html?.v=1
Coldwell Complex, Ontario
- The Coldwell Complex is the largest composite alkaline intrusive complex in North America
- Marathon PGM Corporation's 68.1 million tonnes of PGE-Cu deposit is associated with the Eastern Border Gabbro unit of the Coldwell Complex
- $900,000 exploration program commenced including prospecting, mapping, lake bottom geochemical sampling and geophysics
TSX: PFN OTCBB: PAWEF Frankfurt: P7J
VANCOUVER, Sept. 18 /CNW/ - Pacific North West Capital Corp. (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News) has completed the acquisition of three new PGM projects within the Alkaline Coldwell Intrusive Complex which hosts a number of PGE and Copper showings and occurrences. The three groups of 71 mineral claims (968 units or 38,270 acres) have been designated Coldwell West, Coldwell Central and Coldwell South. The projects are 100% owned by PFN and are centrally situated approximately 215 km north east of the city of Thunder Bay, 10 km north of the town of Marathon, and 40 km west of the prolific Hemlo Gold Camp.
Initial exploration will focus on Gabbro suites of the Coldwell complex. Compilation of historical data along with prospecting, mapping, and lake bottom geochemical sampling surveys has been initiated in the Coldwell Complex.
To view property location map, please visit www.pfncapital.com.
PFN's primary exploration target is the under explored extension of the mineralized Eastern Border Gabbro of the Coldwell Complex. Intruding the Schreiber-Hemlo Greenstone belt, the Coldwell complex is 25 kilometres in diameter. The Coldwell Complex is the largest composite alkaline intrusive complex in North America.
The PGE and Copper mineralization in the Coldwell has been associated with the Eastern Border Gabbro unit which hosts Benton Resources Ltd 's Skipper Lake, Four Dam Lake occurrences within the Bermuda Property, as well as Marathon PGM Corporation's PGE-Cu Project deposit of a NI 43-101 measured resource of 39.2 million tonnes containing 1.6 million ounces of PGM and gold and 285 million pounds of copper, and an indicated resource of 28.9 million tones containing 1.1 million ounces of PGM and gold and 178 million pounds of copper. (See Marathon PFM Corporation's press release dated February 19, 2007).
Harry Barr, President & CEO of Pacific North West Capital stated, "Our objective is to significantly expand our PGM and Base Metals portfolios in North America". PFN's Vancouver and Ontario based technical teams are currently guiding the acquisition process and preparing for fall and winter exploration programs.
About Pacific North West Capital Corp.
--------------------------------------
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a North American industry leader in the search for Platinum Group Metals (PGMs) and Nickel.
Management's corporate philosophy is to be Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel and Soquem.
In late 2004 PFN established a Nickel Division that is expanding and to date has an Option/Joint Venture in the Timmins Mining District with Xstrata.
An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $1.69 million on the project to date. In May, a diamond drill program commenced to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC). The program was expanded to 4000 meters in June 2007.
Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western hemisphere, recently purchased an initial 11% of PFN and has followed its position in two recent financings and currently has approximately 10% of the PFN.
PFN and Stillwater have entered into a non-binding Letter Agreement pertaining to ongoing exploration of the Goodnews Bay Platinum Project. The Letter Agreement also provides for Stillwater to fund reconnaissance on other Alaskan PFN exploration projects with the provision for Stillwater to enter into an option/joint venture agreements on the Goodnews Bay Project and 1 or more of the reconnaissance projects in Alaska.
Under the terms of the Letter Agreement, Stillwater will spend $4 million to earn 50% of GBPP by December 31, 2010. Stillwater may elect to increase its interest to 60% by incurring an additional $8 million in exploration expenditures within an additional two year period or upon completion of a Feasibility Study, whichever occurs first. Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.
Under the Reconnaissance Agreement, Stillwater may expend $500,000 in 2007 which will allow it to inspect several of PFN's proposed projects. In the event Stillwater elects to continue participating in one or more projects, they will be able to enter into one or more agreements identical to the Goodnews Bay. Pacific North West Capital is the project operator.
In addition, PFN is exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Current measured resource is 8.53 million tonnes containing 353,200 ounces of palladium (1.29 g/t), 116,800 ounces of platinum (0.43 g/t) and 20,400 ounces of gold (0.07 g/t) and an indicated resources of 22.02 million tonnes containing 600,700 ounces of palladium (0.85 g/t), 212,800 ounces of platinum (0.30 g/t) and 39,000 ounces of gold (0.06 g/t) with an additional inferred resource of 2.39 million tonnes containing 67,000 ounces of palladium (0.87 g/t), 23,800 ounces of platinum (0.31 g/t) and 4,000 ounces of gold (0.05 g/t) using a 0.7 g/t cut off (pt/pd) (PFN press release March 22, 2007). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. Management recently presented Anglo Platinum with the 2008 work program and budget.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec. The summer exploration program has begun on this project.
PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America more specifically in Labrador, Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.
The company has over $11 million in working capital and securities.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
On behalf of the Board of Directors
(signed)
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Tel: (604) 685-1870, Fax: (604) 685-8045, Email: info@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
Pacific North West Capital Completes Phase One of Drill Program on West Timmins Property; Phase II Underway
Monday August 20, 8:00 am ET
TSX: PFN OTCBB: PAWEF Frankfurt: P7J
VANCOUVER, Aug. 20 /CNW/ - Pacific North West Capital Corp. (PFN) is pleased to announce that it has completed Phase One of a 4,000 metre drill program on its West Timmins Nickel property. The first phase consisted of 8 diamond drill holes (2534 metres) testing deep EM and off hole Pulse EM targets south of Xstrata's Montcalm Mine. The balance of the program (1,500 metres) will begin shortly. The drill targets are geophysical expressions similar to those that have been noted over the Montcalm deposit, as well as, off-hole conductors identified from the down hole surveys in the 2005 drill program. The hole locations are indicated on the attached map.
The Phase One drill holes intersected multiple zones of disseminated to massive sulphides in 5 of the 8 holes with anomalous copper and nickel assay values. Drill hole WTM-16 returned 0.11% Cu and 0.16% Ni over 2 .0 metres within a wider envelope of mineralization, 0.07% Cu and 0.09% Ni over 5.0 metres (see Table below). All analysis from the drill program have been carried out by Accurassay Laboratories from Thunder Bay, Ontario.
All of the holes are being evaluated with down-hole pulse EM surveys for possible extensions of better sulphide mineralization away from the hole. These results will be tested in the next phase of drilling.
[continued in following link]
http://biz.yahoo.com/cnw/070820/pacific_north_drills.html?.v=1
Pacific North West Capital Closes $4,112,949 Private Placement
Wednesday July 18, 12:16 pm ET
http://biz.yahoo.com/cnw/070718/pacific_north_west.html?.v=1
TSX: PFN OTCBB: PAWEF Frankfurt: P7J
VANCOUVER, July 18 /CNW/ - Pacific North West Capital Corp. (TSX: PFN, OTCBB: PAWEF, Frankfurt: P7J) (the "Company") is pleased to announce that the Company has closed its private placement and has issued 4,161,356 units at a purchase price of $0.70 for proceeds of $2,912,949. Each unit consisted of one common share and one-half of one share purchase warrant with each whole warrant exercisable at a purchase price of $0.90 for a period of 18 months from the date of closing.
In addition, the Company has also issued 1,500,000 flow-through units at a purchase price of $0.80 for proceeds of $1,200,000. Each flow-through unit consisted of one flow-through common share and one-half of one non-flow-through share purchase warrant with each whole warrant exercisable at a purchase price of $1.00 for a period of 12 months from the date of closing.
In compliance with Canadian securities law, all of the securities issued in connection with this private placement are subject to a hold period which will expire November 19, 2007.
About Pacific North West Capital Corp.
--------------------------------------
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a North American industry leader in the search for Platinum Group Metals (PGMs) and Nickel.
Management's corporate philosophy is to be Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel and Soquem.
In late 2004 PFN established a Nickel Division that is expanding and to date has an Option/Joint Venture in the Timmins Mining District with Xstrata. An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $1.69 million on the project to date. In May, a diamond drill program commenced to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC). The program was expanded to 4000 meters in June 2007.
Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western hemisphere, recently purchased an initial 11% of PFN and has followed its position in two recent financings and currently has approximately 10% of the PFN.
PFN and Stillwater have entered into a non-binding Letter Agreement pertaining to ongoing exploration of the Goodnews Bay Platinum Project. The Letter Agreement also provides for Stillwater to fund reconnaissance on other Alaskan PFN exploration projects with the provision for Stillwater to enter into an option/joint venture agreements on the Goodnews Bay Project and one or more of the reconnaissance projects in Alaska.
Under the terms of the Letter Agreement, Stillwater will spend $4 million to earn 50% of GBPP by December 31, 2010. Stillwater may elect to increase its interest to 60% by incurring an additional $8 million in exploration expenditures within an additional two year period or upon completion of a Feasibility Study, whichever occurs first. Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.
Under the Reconnaissance Agreement, Stillwater may expend $500,000 in 2007 which will allow it to inspect several of PFN's proposed projects. In event Stillwater elects to continue participating in one or more projects, they will be able to enter into one or more agreements identical to the Goodnews Bay. Pacific North West Capital is the project operator.
In addition, PFN is exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Current measured resource is 8.53 million tonnes containing 353,200 ounces of palladium (1.29 g/t), 116,800 ounces of platinum (0.43 g/t) and 20,400 ounces of gold (0.07 g/t) and an indicated resources of 22.02 million tonnes containing 600,700 ounces of palladium (0.85 g/t), 212,800 ounces of platinum (0.30 g/t) and 39,000 ounces of gold (0.06 g/t) with an additional inferred resource of 2.39 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) using a 0.7 g/t cut off (pt/pd) (PFN press release March 22, 2007). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. Management recently presented Anglo Platinum with the 2008 work program and budget.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec. The summer exploration program has begun on this project.
PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America more specifically in Labrador, Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.
The company has over $11 million in working capital and securities.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
On behalf of the Board of Directors
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For images and maps, please visit www.pfncapital.com
For further information
Tel: (604) 685-1870 Fax: (604) 685-8045, Email: ir@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
Great seeing Stillwaters name as a partner in our prs...
futrcash
Stillwater and Pacific North West Capital Finalize Reconnaissance Agreement Alaska
Monday July 9, 8:00 am ET
Companies join forces to search for Platinum Group Metals
TSX: PFN OTCBB: PAWEF Frankfurt: P7J
http://biz.yahoo.com/prnews/070709/to268.html?.v=57
VANCOUVER, July 9 /PRNewswire-FirstCall/ - Pacific North West Capital Corp. (`PFN') (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News), is pleased to announce that it has finalized a reconnaissance exploration agreement with Stillwater Mining Company ('Stillwater') (NYSE: SWC - News).
Under the terms the agreement, Stillwater will expend $500,000 in 2007 to fund an Alaskan PGM reconnaissance program in order to identify potential PGM projects for further exploration. Stillwater may elect to further participate in any of the projects identified by the 2007 reconnaissance program by providing sole funding for each continued exploration project. Upon Stillwater expending $4 million on any individual exploration project, the project will advance under a 50/50 Joint Venture with Stillwater having the further option to increase its interest to 65% by incurring an additional $8 million of exploration and feasibility study expenditures and arranging production financing. PFN shall act as the project operator.
Upon Stillwater earning its initial 50% interest in an exploration project, Stillwater may exercise its option to enter into a joint venture agreement with PFN on terms similar to those in the Goodnews Bay Agreement.
(see release Feb. 26, 2007 for additional details) http://www.pfncapital.com/s/NewsReleases.asp?ReportID=174735).
Stillwater Strategic Investment
-------------------------------
On November 17, 2006, Stillwater acquired approximately 11% interest in PFN by completing a $2 million private placement. In 2007, Stillwater has participated in two additional private placements and currently holds approximately 10% of Pacific North West Capital Corp.
The Goodnews Bay Project
------------------------
On April 12, 2006, PFN announced that it had acquired a 100% working interest in a long-term exploration and mining lease on the Goodnews Bay ultramafic platinum complex located on the southwest coast of Alaska, approximately 550 air miles south-southwest of Anchorage. The Goodnews Bay Project is located near year round ice free tidewater and is road accessible from the village of Platinum, which has a public airstrip.
The mining lease, with Calista Corporation, encompasses an area of interest comprising about 82 square miles (212 square kilometres). Previous placer operations in the streams draining the project area produced approximately 650,000 troy ounces of platinum.
2006 field exploration efforts focused on the Goodnews Bay ultramafic intrusion in the Susie Mt. area of the project where historical exploration resulted in discovery of +1 gram per tonne platinum in rock and soil samples. The 2006 evaluation program consisted of basal soil samples, pan concentrate samples and rock samples in addition to reconnaissance scale prospecting.
Results released on January 29, 2007, from the 2006 programs provided significant encouragement with anomalous Pt values in the basal soil layer on the southwest flank of Susie Mountain with Pt values as high as 268 ppb. The anomalous values are underlain by clinopyroxene dominated rocks. The approximate 650,000 ounces of placer platinum recovered from the Salmon River likely originated from the deeply eroded Red Mountain massif. The potential to find additional lode platinum in the geological units on Susie Mountain remains untested.
Based on the results of the 2006 field program as well as synthesis of previous work at Goodnews Bay, a series of soil, rock and pan concentrate sampling programs followed by surface trenching and/or diamond core drilling have been recommended for 2007.
About Pacific North West Capital Corp.
--------------------------------------
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a North American industry leader in the search for Platinum Group Metals (PGMs) and Nickel.
Management's corporate philosophy is to be Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel and Soquem.
In late 2004 PFN established a Nickel Division that is expanding and to date has an Option / Joint Venture in the Timmins Mining District with Xstrata. An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $1.69 million on the project to date. In May, a diamond drill program commenced to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC). The program was expanded to 4000 meters in June 2007.
Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western hemisphere, recently purchased an initial 11% of PFN and has followed its position in two recent financings and currently has approximately 10% of the PFN.
PFN and Stillwater have entered into a non-binding Letter Agreement pertaining to ongoing exploration of the Goodnews Bay Platinum Project. The Letter Agreement also provides for Stillwater to fund reconnaissance on other Alaskan PFN exploration projects with the provision for Stillwater to enter into an option/joint venture agreements on the Goodnews Bay Project and 1 or more of the reconnaissance projects in Alaska.
Under the terms of the Letter Agreement, Stillwater will spend $4 million to earn 50% of GBPP by December 31, 2010. Stillwater may elect to increase its interest to 60% by incurring an additional $8 million in exploration expenditures within an additional two year period or upon completion of a Feasibility Study, whichever occurs first. Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.
Under the Reconnaissance Agreement, Stillwater may expend $500,000 in 2007 which will allow it to inspect several of PFN's proposed projects. In event Stillwater elects to continue participating in one or more projects, they will be able to enter into one or more agreements identical to the Goodnews Bay. Pacific North West Capital is the project operator.
In addition, PFN is exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Current measured resource is 8.53 million tonnes containing 353,200 ounces of palladium (1.29 g/t), 116,800 ounces of platinum (0.43 g/t) and 20,400 ounces of gold (0.07 g/t) and an indicated resources of 22.02 million tonnes containing 600,700 ounces of palladium (0.85 g/t), 212,800 ounces of platinum (0.30 g/t) and 39,000 ounces of gold (0.06 g/t) with an additional inferred resource of 2.39 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) using a 0.7 g/t cut off (pt/pd) (PFN press release March 22, 2007) . The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. Management recently presented Anglo Platinum with the 2008 work program and budget.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Societe Generale de Financement du Quebec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec. The summer exploration program has begun on this project.
PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America more specifically in Labrador, Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.
The company has over $8 million in working capital and securities.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
For figures, images and maps, please visit www.pfncapital.com
On behalf of the Board of Directors
(signed)
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
CONTACT: Tel: (604) 685-1870, Fax: (604) 685-8045, Email: ir@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
Pacific North West Capital Corp. - $4.2 million non-brokered private placement
Friday July 6, 4:10 pm ET
http://biz.yahoo.com/cnw/070706/pnw_capital_prv_plcmn.html?.v=1
TSX: PFN OTCBB: PAWEF Frankfurt: P7J
VANCOUVER, July 6 /CNW/ - Pacific North West Capital Corp. (the "Company") wishes to announce the following:
A non-brokered private placement of up to 4,285,714 units at a purchase price of $0.70 per unit for gross proceeds of up to $3,000,000. Each unit will consist of one common share in the capital of the Company and one-half of one non-transferable share purchase warrant, each whole Warrant entitling the holder thereof to purchase one additional common share of the Company for a period of eighteen months from the closing date at a price of $0.90 per share.
The proceeds from the private placement received from the sale of the units will be used for the acquisition of additional platinum group metal and nickel projects and working capital.
A non-brokered private placement of up to 1,500,000 flow-through units at a price of $0.80 per common share for gross proceeds of up to $1,200,000. Each unit will consist of one flow-through common share in the capital of the Company and one-half of one non-transferable, non flow-through share purchase warrant, each whole Warrant entitling the holder thereof to purchase one additional non flow-through common share of the Company for a period of twelve months from the closing date at a price of $1.00 per share.
The proceeds of the private placement received from the sale of the flow-through shares will be used for drilling on the Company's Option/Joint Venture with Xstrata plc in Timmins, Ontario and continued exploration on the Nickel Plats property in Saskatchewan.
A finder's fee may be paid. The foregoing is subject to regulatory approval.
About Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a North American industry leader in the search for Platinum Group Metals (PGMs) and Nickel.
Management's corporate philosophy is to be Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel and Soquem.
The company has approximately $8 million in working capital and securities.
In late 2004 PFN established a Nickel Division that is expanding and to date has an Option/Joint Venture in the Timmins Mining District with Xstrata. An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $1.69 million on the project to date. In May, a diamond drill program commenced to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC). The program was expanded to 4000 meters in June 2007.
Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western hemisphere, recently purchased an initial 11% of PFN and has followed its position in two recent financings and currently has approximately 10% of the PFN.
PFN and Stillwater have entered into a non-binding Letter Agreement pertaining to ongoing exploration of the Goodnews Bay Platinum Project. The Letter Agreement also provides for Stillwater to fund reconnaissance on other Alaskan PFN exploration projects with the provision for Stillwater to enter into an option/joint venture agreements on the Goodnews Bay Project and 1 or more of the reconnaissance projects in Alaska.
Under the terms of the Letter Agreement, Stillwater will spend $4 million to earn 50% of GBPP by December 31, 2010. Stillwater may elect to increase its interest to 60% by incurring an additional $8 million in exploration expenditures within an additional two year period or upon completion of a Feasibility Study, whichever occurs first. Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.
Under the Reconnaissance portion of the Letter Agreement, Stillwater will expend $500,000 in 2007 which will allow it to inspect several of PFN's proposed projects. In event Stillwater elects to continue participating in one or more projects, they will automatically be able to enter into one or more agreements identical to the Goodnews Bay. Pacific North West Capital is the project operator.
In addition, PFN is exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Current measured resource is 8.53 million tonnes containing 353,200 ounces of palladium (1.29 g/t), 116,800 ounces of platinum (0.43 g/t) and 20,400 ounces of gold (0.07 g/t) and an indicated resources of 22.02 million tonnes containing 600,700 ounces of palladium (0.85 g/t), 212,800 ounces of platinum (0.30 g/t) and 39,000 ounces of gold (0.06 g/t) with an additional inferred resource of 2.39 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) using a 0.7 g/t cut off (pt/pd) (PFN press release March 22, 2007). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. Management recently presented Anglo Platinum with the 2008 work program and budget.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec. The summer exploration program has begun on this project.
PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America more specifically in Labrador, Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.
The company has over $8 million in working capital and securities.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
To view map attachments please visit www.pfncapital.com
On behalf of the Board of Directors
(signed)
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Tel: (604) 685-1870, Fax: (604) 685-8045, Email: ir@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
Pacific North West Capital Corp. - Phase II Nickel Acquisition, Saskatchewan - New Project Acquired Adjacent to Nickel Plats
Thursday June 28, 12:44 pm ET
http://biz.yahoo.com/cnw/070628/pacific_north_west.html?.v=1
- Acquisition of historical Nickel Deposit
- PFN expanding Nickel & PGM Divisions
- 4,000 meter drill program in progress adjacent to Xstrata Nickel's Montcalm mine, Timmins, Ontario
- Aggressive acquisition phase nickel/platinum group metals
TSX: PFN OTCBB: PAWEF Frankfurt: P7J >>
VANCOUVER, June 28 /CNW/ - Further to the announcement dated June 14, 2007, Pacific North West Capital Corp. (PFN) has completed its second phase of property acquisitions adjacent to the Nickel Plats property. An additional five square kilometres has been added to the Nickel Plats project.
The additional claims are considered to be the strike extension of the Nickel-Copper mineralization identified on the Nickel Plats project.
PFN's aggressive acquisition program will continue throughout 2007 in order to position the Company and its shareholders for what management believes will be the largest expansion in Nickel exploration since the early 1990s. Harry Barr, President & CEO of Pacific North West Capital stated, "We are in the early stages of acquiring and generating new Nickel projects with the objective, simply stated, to control one of the largest Nickel exploration portfolios in North America". PFN's technical team is preparing the summer exploration program which will consist of geophysics and ground proofing in preparation for a fall/winter drill program. PFN's acquisition team is finalizing several new nickel acquisitions in Saskatchewan and throughout Canada.
About Nickel Plats Project
--------------------------
The Nickel Plats Project is approximately 50 km north of LaRonge Saskatchewan. The property covers a nickel-copper occurrence within a sulphide rich (pyrrhotite, chalcopyrite and pyrite) gabbro intrusive plug. Exploration work in the mid sixties (23 drill holes 15 inclined, 8 vertical) indicated an open pit resource of 4.2 million tons grading 0.30% Ni and 0.08% Cu. In the late 1980s, additional definition drilling (6 inclined holes) indicated an underground resource of 1.7 million tons grading 0.74% combined nickel-Copper (Non-43-101 compliant). Pacific North West Capital's objective is to bring the initial resource to a 43-101 compliant status by compiling all the historical information into a computer data base along with defining the mineralization with additional geophysical and geological surface surveys. Furthermore, the region is also being evaluated for other Intrusive targets, through compilation of government data bases.
About Pacific North West Capital Corp.
--------------------------------------
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a North American industry leader in the search for Platinum Group Metals (PGMs) and Nickel.
Management's corporate philosophy is to be Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel and Soquem.
The company has approximately $8 million in working capital and securities.
In late 2004 PFN established a Nickel Division that is expanding and to date has an Option / Joint Venture in the Timmins Mining District with Xstrata. An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $1.69 million on the project to date. In May, a diamond drill program commenced to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC). The program was expanded to 4000 meters in June 2007.
Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western hemisphere, recently purchased an initial 11% of PFN and has followed its position in two recent financings and currently has approximately 10% of the PFN.
PFN and Stillwater have entered into a non-binding Letter Agreement pertaining to ongoing exploration of the Goodnews Bay Platinum Project. The Letter Agreement also provides for Stillwater to fund reconnaissance on other Alaskan PFN exploration projects with the provision for Stillwater to enter into an option/joint venture agreements on the Goodnews Bay Project and 1 or more of the reconnaissance projects in Alaska.
Under the terms of the Letter Agreement, Stillwater will spend $4 million to earn 50% of GBPP by December 31, 2010. Stillwater may elect to increase its interest to 60% by incurring an additional $8 million in exploration expenditures within an additional two year period or upon completion of a Feasibility Study, whichever occurs first. Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.
Under the Reconnaissance portion of the Letter Agreement, Stillwater will expend $500,000 in 2007 which will allow it to inspect several of PFN's proposed projects. In event Stillwater elects to continue participating in one or more projects, they will automatically be able to enter into one or more agreements identical to the Goodnews Bay. Pacific North West Capital is the project operator.
In addition, PFN is exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Current measured resource is 8.53 million tonnes containing 353,200 ounces of palladium (1.29 g/t), 116,800 ounces of platinum (0.43 g/t) and 20,400 ounces of gold (0.07 g/t) and an indicated resources of 22.02 million tonnes containing 600,700 ounces of palladium (0.85 g/t), 212,800 ounces of platinum (0.30 g/t) and 39,000 ounces of gold (0.06 g/t) with an additional inferred resource of 2.39 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) using a 0.7 g/t cut off (pt/pd) (PFN press release March 22, 2007). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. Management recently presented Anglo Platinum with the 2008 work program and budget.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec. The summer exploration program has begun on this project.
PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America more specifically in Labrador, Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.
The company has over $8 million in working capital and securities.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
To view map attachments please visit www.pfncapital.com
On behalf of the Board of Directors
(signed)
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Tel: (604) 685-1870, Fax: (604) 685-8045, Email: ir@pfncapital.com, or visit http://www.pfncapital.com
2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
Pacific North West Capital Joins Benton and Teck in Search for Nickel in Labrador
Thursday June 21, 10:40 am ET
http://biz.yahoo.com/cnw/070621/pacific_nrth_wst_cap.html?.v=1
PFN Finalizing 1st 100% owned Nickel Project, adjacent to Benton's King Lake Project, Labrador
TSX: PFN OTCBB: PAWEF Frankfurt: P7J
ST. JOHN'S, NF, June 21 /CNW/ - Pacific North West Capital Corp. is pleased to announce that as part of its ongoing aggressive Platinum Group Metal and Nickel acquisition program, PFN is finalizing a series of new Nickel acquisitions in the province of Newfoundland and Labrador. Management believes that the province of Labrador and Newfoundland has untapped mineral potential and is under explored.
Utilizing new mining exploration technologies which have been enhanced significantly in the last 10 years, Labrador has undiscovered potential for the discovery of new world class deposits similar to CVRD Inco Limited's Voisey's Bay copper-nickel deposit.
Benton Resources and its partner Teck Cominco (the "Companies" ) are exploring the King Lake Nickel Project which is hosts to numerous high grade Nickel Copper showings (grab samples) that have returned up to 6.8% Cu & 1.9 % Ni (Source: Benton Resources press releases June 7, 2007). The companies have recently completed airborne geophysical survey which located and outlined several new electromagnetic anomalies.
PFN's management is currently finalizing its plans for its Phase One exploration program on this project. Updates on the progress of this project will be forthcoming.
About Pacific North West Capital Corp.
--------------------------------------
Pacific North West Capital Corp. is a North American industry leader in the search for Platinum Group Metals (PGMs) and Nickel.
Management's corporate philosophy is to be Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel and Soquem.
The company has approximately over $8 million in working capital and securities.
In late 2004 PFN established a Nickel Division that is expanding and to date has an Option / Joint Venture in the Timmins Mining District with Xstrata. An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $1.69 million on the project to date. In May, a diamond drill program commenced to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC). The program was expanded to 4000 meters in June 2007.
Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western hemisphere, recently purchased an initial 11% of PFN and has followed its position in two recent financings and currently has approximately 10% of the PFN.
PFN and Stillwater have entered into a non-binding Letter Agreement pertaining to ongoing exploration of the Goodnews Bay Platinum Project. The Letter Agreement also provides for Stillwater to fund reconnaissance on other Alaskan PFN exploration projects with the provision for Stillwater to enter into an option/joint venture agreements on the Goodnews Bay Project and 1 or more of the reconnaissance projects in Alaska. (put the Goodnews Bay Alaska)
Under the terms of the Letter Agreement, Stillwater will spend $4 million to earn 50% of GBPP by December 31, 2010. Stillwater may elect to increase its interest to 60% by incurring an additional $8 million in exploration expenditures within an additional two year period or upon completion of a Feasibility Study, whichever occurs first. Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.
Under the Reconnaissance portion of the Letter Agreement, Stillwater will expend $500,000 in 2007 which will allow it to inspect several of PFN's proposed projects. In event Stillwater elects to continue participating in one or more projects, they will automatically be able to enter into one or more agreements identical to the Goodnews Bay. Pacific North West Capital is the project operator.
In addition, PFN is exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Current measured resource is 8.53 million tonnes containing 353,200 ounces of palladium (1.29 g/t), 116,800 ounces of platinum (0.43 g/t) and 20,400 ounces of gold (0.07 g/t) and an indicated resources of 22.02 million tonnes containing 600,700 ounces of palladium (0.85 g/t), 212,800 ounces of platinum (0.30 g/t) and 39,000 ounces of gold (0.06 g/t) with an additional inferred resource of 2.39 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) using a 0.7 g/t cut off (pt/pd) (PFN press release March 22, 2007). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. Management recently presented Anglo Platinum with the 2007 work program and budget.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec. The summer exploration program has begun on this project.
PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America more specifically in Labrador, Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.
The company has over $8 million in working capital and securities.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
On behalf of the Board of Directors
"signed"
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Tel: (604) 685-1870, Fax: (604) 685-8045, Email: ir@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
Pacific North West Capital Corp. - Nickelmuir Project Acquired, Timmins, Ontario - Aggressive Nickel & PGM Exploration Acquisition Programs Underway
Tuesday June 19, 9:41 am ET
http://biz.yahoo.com/cnw/070619/pacificnorthwestcap.html?.v=1
- Grab samples of up to 0.94% Ni, 0.10% Cu, 0.27gpt Pt, and 0.20gpt Pd - PFN Doubles Drill Program on West Timmins Nickel to 4000 meters (June 15, 2007) - 2007 Exploration Programs Underway on 5 Platinum Group Metal (PGM) Projects - Finalizing NEW Labrador Nickel acquisitions & expanding on Saskatchewan Nickel Projects
TSX: PFN OTCBB: PAWEF Frankfurt: P7J www.pfncapital.com >>
VANCOUVER, June 19 /CNW/ - Pacific North West Capital Corp. (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News) announces the completion of acquisition of the Nickelmuir Project. The project consists of a targeted Nickel / Copper prospect in the Kenogaming Twp ~70 Km West of Timmins mining district. The project covers a number of mapped cumulate-textured ultramafic rocks (dunite to melagabbros) along with Ni-Cu-PGM occurrences which have report grab samples of up to 0.94% Ni, 0.10% Cu, 0.27gpt Pt, and 0.20gpt Pd. Management is now completing its data review and plans to begin exploration immediately on the Nickelmuir project. The Nickelmuir Project has had virtually no modern day exploration and presents an opportunity to apply the latest technology to a known mineralized area in one of Canada's best known mining camps.
PFN's objective is to become one of the largest Nickel exploration companies in the Timmins mining district. An aggressive acquisition program will continue throughout 2007, in order to position the Company and its shareholders for what it believes will be the largest expansion in Nickel exploration since the 1990s. Harry Barr, President & CEO of Pacific North West Capital stated, "Our objective is to significantly expand our Nickel & PGM exploration portfolios in North America." PFN's Vancouver and Ontario based technical team is currently guiding the acquisition process and preparing for summer and fall exploration programs.
West Timmins Nickel Project
----------------------------
On June 15, 2007 PFN announced that the optioned/joint venture with Xstrata Nickel diamond drill program has been doubled to 4000 meters from its original commencement on May 11, 2007. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC). The West Timmins Nickel Project is optioned from Xstrata Nickel and is adjacent to Xstrata Nickel's Montcalm mine. The deposit contains a Proven Mineral Reserve of 4.1 million tonnes at 1.38% Ni, 0.64% Cu as of December 31, 2006 (Source: http://www.xstrata.com/assets/pdf/x_reserves_resources_20070306.pdf). Ore is transported 108 km east from the Montcalm Mine to the Kidd Creek Metallurgical Complex to be processed. Under the terms of the Agreement PFN will spend $4 million over a 4 year period in order to vest with a 100% interest in the Project. Xstrata, for its part, will retain a 2% NSR and may, under certain circumstances, back in and earn up to a 65% interest by either completing a feasibility study or spending $20 million on a feasibility study whichever occurs first. PFN is the Project Operator.
To view Maps and photos, please visit: www.pfncapital.com.
About Pacific North West Capital Corp.
---------------------------------------
Pacific North West Capital Corp. is a North American industry leader in the search for Platinum Group Metals (PGMs) and Nickel.
PFN is currently in the most aggressive acquisition phase of the company's history and is committed to advancing its existing projects and acquiring new projects via self-funding or option/joint venture agreements with major mining companies. The company has over $8 million in working capital and securities.
In late 2004 PFN established a Nickel Division that is rapidly growing and today has an Option / Joint Venture in the Timmins Mining District with Xstrata Nickel with further announcements pending on other projects. An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $1.69 million on the project to date. In May, a diamond drill program commenced to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC). The program was expanded to 3000 meters in June 2007.
Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western hemisphere, recently purchased 11% of PFN and is a strategic partner in the search for new platinum group metal discoveries in North America. PFN and Stillwater have entered into a non-binding Letter Agreement pertaining to ongoing exploration of the Goodnews Bay Platinum Project. The Letter Agreement also provides for Stillwater to fund reconnaissance on other Alaskan PFN exploration projects with the provision for Stillwater to enter into option/joint venture agreements on the Goodnews Bay Project and 1 or more of the reconnaissance projects.
Under the terms of the Letter Agreement, Stillwater will spend $4 million to earn 50% of GBPP by December 31, 2010. Stillwater may elect to increase its interest to 60% by incurring an additional $8 million in exploration expenditures within an additional two year period or upon completion of a Feasibility Study, whichever occurs first. Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.
Under the Reconnaissance portion of the Letter Agreement, Stillwater will expend $500,000 in 2007 which will allow it to inspect several of PFN's proposed projects. In event Stillwater elects to continue participating in one or more projects, they will automatically be able to enter into one or more agreements identical to the Goodnews Bay. Pacific North West Capital is the project operator.
In addition, PFN is exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Current measured resource is 8.53 million tonnes containing 353,200 ounces of palladium (1.29 g/t), 116,800 ounces of platinum (0.43 g/t) and 20,400 ounces of gold (0.07 g/t) and an indicated resources of 22.02 million tonnes containing 600,700 ounces of palladium (0.85 g/t), 212,800 ounces of platinum (0.30 g/t) and 39,000 ounces of gold (0.06 g/t) with an additional inferred resource of 2.39 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) using a 0.7 g/t cut off (pt/pd) (PFN press release March 22, 2007). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. Management recently presented Anglo Platinum with the 2007 work program and budget.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec. The summer exploration program has begun on this project.
PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America more specifically in Labrador, Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.
The company has over $8 million in working capital and securities.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
On behalf of the Board of Directors
"signed"
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Tel: (604) 685-1870, Fax: (604) 685-8045, Email: ir@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
Always a good sign when a minerals exploration company chooses too,and has the wherewithall to expand a drilling program.
It would appear that results to date are encouraging enough to warrant a further examination of more evidence.
futrcash
Pacific North West Capital Doubles Drill Program on West Timmins Nickel Project, adjacent to Xstrata's Montcalm Mine, Ontario
Friday June 15, 11:07 am ET
http://biz.yahoo.com/cnw/070615/pfn_timminsni_drillng.html?.v=1
VANCOUVER, June 15 /CNW/ - Pacific North West Capital Corp. (PFN) (TSX: PFN OTCBB: PAWEF Frankfurt: P7J) is pleased to announce that the diamond drill program that commenced on May 11, 2007 has doubled to evaluate additional geophysical and geological targets along with the deep EM conductors (200 metres). The meterage has been increased to 4000 meters to test earlier indicated targets south of the Montcalm Mine as well as others within the Montcalm Intrusive Complex (MIC).
The PFN drill program is continuing to evaluate deep conductive targets, identified from a Pulse EM survey, with coincident magnetic signatures similar to those identified over the Montcalm Mine mineralization. These drill targets are also supported by the identification of a geological environment from previous drill results in 2005, to the south-west of the Montcalm Mine, similar to that hosting the ore mineralization (Cu-Ni) in the Montcalm Mine. Off-hole EM conductors identified in 2005 drill holes as well as some of the defined AeroTem conductors will also be tested with this added drilling meterage. Additionally, all of the 2007 drill holes are being probed with down-hole pulse surveys to determine if the best parts of the conductors have been intersected. The West Timmins Nickel Project was obtained by an Option/Joint Venture with Xstrata Nickel, whereby PFN may earn a 100% interest in the Project. The West Timmins Project covers 355 km2 (26,928 hectares), some 60 km west of Timmins, Ontario. To view location figure, please visit: www.pfncapital.com.
Numerous other anomalies, in the MIC, delineated by airborne EM (AeroTEM), downhole geophysics, and geochemical techniques (MMI survey) will still remain to be drill tested. Other geological target areas within the MIC have to be evaluated by ground reconnaissance surveys. These follow-up programs are expected to be initiated later in the year.
The West Timmins project is located adjacent to Xstrata Nickel's Montcalm deposit. The deposit contains a Proven Mineral Reserve of 4.1 million tonnes (at) 1.38% Ni, 0.64% Cu as of December 31, 2006. Ore is transported 108 km east from the Montcalm Mine to the Kidd Creek Metallurgical Complex to be processed. To view Location Figure, please visit: www.pfncapital.com.
About Pacific North West Capital Corp.
--------------------------------------
Pacific North West Capital Corp. is a North American industry leader in the search for Platinum Group Metals (PGMs) and Nickel.
PFN is currently in the most aggressive acquisition phase of the company's history and is committed to advancing its existing projects and acquiring new projects via self-funding or option/joint venture agreements with major mining companies. The company has over $8 million in working capital and securities.
In late 2004 PFN established a Nickel Division that is rapidly growing and today has an Option/Joint Venture in the Timmins Mining District with Xstrata Nickel with further announcements pending on other projects. An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $1.69 million on the project to date. In May, a diamond drill program commenced to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC). The program was expanded to 3000 meters in June 2007.
Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western hemisphere, recently purchased 11% of PFN and is a strategic partner in the search for new platinum group metal discoveries in North America. PFN and Stillwater have entered into a non-binding Letter Agreement pertaining to ongoing exploration of the Goodnews Bay Platinum Project. The Letter Agreement also provides for Stillwater to fund reconnaissance on other Alaskan PFN exploration projects with the provision for Stillwater to enter into option/joint venture agreements on the Goodnews Bay Project and 1 or more of the reconnaissance projects.
Under the terms of the Letter Agreement, Stillwater will spend $4 million to earn 50% of GBPP by December 31, 2010. Stillwater may elect to increase its interest to 60% by incurring an additional $8 million in exploration expenditures within an additional two year period or upon completion of a Feasibility Study, whichever occurs first. Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.
Under the Reconnaissance portion of the Letter Agreement, Stillwater will expend $500,000 in 2007 which will allow it to inspect several of PFN's proposed projects. In the event Stillwater elects to continue participating in one or more projects, they will automatically be able to enter into one or more agreements identical to the Goodnews Bay. Pacific North West Capital is the project operator.
In addition, PFN is exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Current measured and indicated resources: 30.5 million tonnes containing 953,900 ounces of palladium (0.97 g/t), 329,500 ounces of platinum (0.34 g/t) and 59,500 ounces of gold (0.061 g/t) with an additional 2.3 million tonnes containing 67,000 ounces of palladium (0.87 g/t), 23,800 ounces of platinum (0.31 g/t) and 4,000 ounces of gold (0.05 g/t) of Inferred Resources using a 0.7 g/t cut off (pt/pd). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. Management recently presented Anglo Platinum with the 2007 work program and budget.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec. The summer exploration program has begun on this project.
PFN management is currently negotiating and acquiring several new PGM and Nickel/Base Metals projects throughout North America more specifically in Labrador, Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, Northwest Territories and Alaska.
The company has over $8 million in working capital and securities.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
On behalf of the Board of Directors
(signed)
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Tel: (604) 685-1870, Fax: (604) 685-8045, Email: ir@pfncapital.com, or visit www.pfncapital.com
2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
Major Timmins Nickel Acquisition Program Underway - Pacific North West Capital Expands Drill Program by 50% to 3000 meters at West Timmins Nickel Project, adjacent to Xstrata Montcalm Mine in Timmins, Ontario
Thursday June 7, 11:18 am ET
<< TSX: PFN OTCBB: PAWEF Frankfurt: P7J >>
VANCOUVER, June 7 /CNW/ - Pacific North West Capital Corp. (TSX: PFN OTCBB: PAWEF Frankfurt: P7J) is pleased to announce that the diamond drill program that commenced on May 11, 2007 to evaluate EM conductors to depths of 200 metres south of the Montcalm Mine claims, Timmins, Ontario, has been expanded by 50% to 3000 meters. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC).
The PFN drill program is evaluating deep conductive targets, identified from a Pulse EM survey, with coincident magnetic signatures similar to those identified over the Montcalm Mine mineralization. These drill targets are also supported by the identification of a geological environment from previous drill results in 2005, to the south-west of the Montcalm Mine, similar to that hosting the ore mineralization (Cu-Ni) in the Montcalm Mine. Off-hole EM conductors identified in 2005 drill holes will also be tested with this added drilling. Additionally, all of the 2007 drill holes are being probed with down-hole pulse surveys to determine if the best part of the conductors have been intersected. The West Timmins Project was obtained by a Joint Venture with Xstrata Nickel, whereby PFN may earn a 100% interest in the West Timmins Project. The West Timmins Project covers 355 kms(2) (26,928 hectares), some 60 kms west of Timmins, Ontario (see location figure below).
Numerous other anomalies, along strike of the MIC, delineated by airborne EM (AeroTEM), downhole geophysics, and geochemical techniques (MMI survey) remain to be drill tested. Other geological target areas within the MIC still have to be evaluated by ground reconnaissance surveys. These follow-up programs are expected to be initiated later in the year.
The West Timmins project is located adjacent to Xstrata Nickel's Montcalm deposit. The deposit contains a Proven Mineral Reserve of 4.1 million tonnes (at) 1.38% Ni, 0.64% Cu as of December 31, 2006. Ore is transported 108 km east from the Montcalm Mine to the Kidd Creek Metallurgical Complex to be processed (See Location Figure).
To view location figures, please visit:
http://www.pfncapital.com/i/maps/map_attachement_June72007.jpg
http://www.pfncapital.com/i/maps/map_attachement_05102007.jpg
About Pacific North West Capital Corp.
--------------------------------------
Pacific North West Capital Corp. is a North American industry leader in the search for Platinum Group Metals (PGMs) and Nickel.
PFN is currently in the most aggressive acquisition phase of the company's history and is committed to advancing its existing projects and acquiring new projects via self-funding or option/joint venture agreements with major mining companies. The company has over $8 million in working capital and securities.
In late 2004 PFN established a Nickel Division that is rapidly growing and today has an Option / Joint Venture in the Timmins Mining District with Xstrata Nickel with further announcements pending on other projects. An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $1.4 million on the project to date. In May, a diamond drill program commenced to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC).
Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western Hemisphere, recently purchased 11% of PFN and is a strategic partner in the search for new platinum group metal discoveries in North America. In addition, Stillwater Mining recently signed a letter of intent to invest a further $4.5 million into PFN's Alaskan exploration and reconnaissance programs including the Goodnews Bay Platinum Project of which PFN is the project operator. Stillwater has followed its position over the last 2 financings and currently owns approximately 10% of PFN.
PFN is currently exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Current measured and indicated resources: 30.5 million tonnes containing 953,900 ounces of palladium (0.97 g/t), 329,500 ounces of platinum (0.34 g/t) and 59,500 ounces of gold (0.061g/t) with an additional 2.3 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) of Inferred Resources using a 0.7 g/t cut off (pt/pd). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. In March 2007, PFN Management as project operator presented Anglo Platinum with the 2007 work program and budget and will be making further announcement shortly.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec. The summer exploration program has begun on this project.
PFN is currently in the most aggressive PGM and Nickel acquisition phase of its history and management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America more specifically in Labrador, Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
The company has over $8 million in working capital and securities.
On behalf of the Board of Directors
(signed)
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Tel: (604) 685-1870, Fax: (604) 685-8045, Email: ir@pfncapital.com or visit http://www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
http://biz.yahoo.com/cnw/070607/pfn_expands_drill_pro.html?.v=1
Another Great Day and New High!Gotta like that!Can't help but wonder what their drill results are revealing?
futrcash
Chart really shaping up!Great move today! eom
Pacific North West Capital Closes Private Placement/Expands Institutional Shareholder Base
Friday June 1, 5:49 pm ET
VANCOUVER, June 1 /CNW/ - Pacific North West Capital Corp. (TSX: PFN, OTCBB: PAWEF, Frankfurt: P7J) (PFN) announces that further to its private placement news release dated May 11, 2007, PFN raised $3,343,975. In compliance with Canadian securities law, all of the securities issued in connection with this private placement are subject to a 4 month hold period.
About Pacific North West Capital Corp.
--------------------------------------
Pacific North West Capital Corp. is an industry leader in the search for Platinum Group Metals (PGMs) and in North America. In late 2005 PFN formed it's Nickel division.
PFN is currently in the most aggressive acquisition phase of the company's history and is committed to advancing its existing projects and acquiring new projects via self-funding or option/joint venture agreements with major mining companies. The company has over $8 million in working capital and securities
In late 2004 PFN established a Nickel Division and today has an Option/Joint Venture in the Timmins Mining District with Xstrata Nickel. An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $1.4 million on the project to date. In May, a diamond drill program commenced to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC).
Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western Hemisphere, recently purchased 11% of PFN and is a strategic partner in the search for new platinum group metal discoveries in North America. Stillwater Mining recently signed a letter of intent to invest $4.5 million into PFN's Alaskan exploration and reconnaissance programs including the Goodnews Bay Platinum Project. PFN is the project operator. Stillwater has followed its position over the last 2 financings and currently owns approximately 10% of PFN.
PFN is currently exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Current measured and indicated resources: 30.5 million tonnes containing 953,900 ounces of palladium (0.97 g/t), 329,500 ounces of platinum (0.34 g/t) and 59,500 ounces of gold (0.061g/t) with an additional 2.3 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) of Inferred Resources using a 0.7 g/t cut off (pt/pd). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. In March management presented Anglo Platinum with the 2007 work program and budget. PFN is the project operator.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec. The summer exploration program has begun on this project.
PFN is currently in the most aggressive PGM and Nickel acquisition phase of its history and management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America more specifically in Labrador, Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
The company has over $8 million in working capital and securities.
On behalf of the Board of Directors
(signed)
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Tel (604) 685-1870, Fax (604) 685-8045, Email: ir@pfncapital.com, or visit http://www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
http://biz.yahoo.com/cnw/070601/pfn_private_placement.html?.v=1
Pacific North West Capital Goes Back To Its Roots
May 16, 2007
http://www.pfncapital.com/s/Articles.asp?ReportID=187647
By Minesite Canadian Correspondent
Harry Barr and his team at Canadian listed Pacific North West Capital are making an aggressive push to add value beyond its 50 per cent stake in a plus 1 million ounce palladium resource at the River Valley project and investors are starting to take notice.
Never one to shy away from an emerging area play, Harry's latest move has Pacific North West picking up a number of new nickel projects in and around the Winter Lake area of Canada's Northwest Territories. This is the region that sparked a lot of investor interest last month when fellow junior GGL Diamonds reported that it had found nickel, while exploring for diamonds. Yes, reminiscent of the gigantic Voiseys' Bay nickel find by Diamond Fields in the 1990s. The news caused GGL stock to soar from C$0.13 per share to an intraday high of C$1.50. Of course, common sense has since prevailed and GGL shares now fetch around C$0.53. That said, the very early staged discovery of nickel mineralization grading only 0.4% lies within an extensive belt of rocks previously identified by a mapping project funded by the Geological Survey of Canada and reported as having the potential for hosting magmatic nickel mineralization.
The belt, named the Winter Lake Supracrustal Belt, includes large volumes of mafic and ultramafic rocks, dated as being 2.7 billion years old and including tholeiitic basalts, komatiites, serpentinized peridotite, and gabbro intrusions. In other words, the same age and same types as many of the world's sulphide nickel resources including Thompson Nickel Belt of Manitoba, the Raglan belt in northernmost Quebec, the Kambalda deposit in Western Australia, and Hunter's Road in Zimbabwe.
"GGL's technical team should be credited with identifying what may be one of the first new nickel areas since the discovery of Voisey's Bay," says Harry. "Management is excited about being involved in the beginning of what appears to be one of the first new base metal staking rushes in recent times in the North West Territories."
Pacific North West is now just finalizing its budget for the project, which is expected to include airborne and ground geophysical surveys aimed at defining potential target areas for nickel mineralization. Just as importantly for shareholders, Pacific North West is positioned should the area really heat up this summer.
A much shorter match stick to potentially light a fire under Pacific North West's share price is a 2,000 metre drill program now underway on the West Timmins nickel project. The company's partner on the project, Xstrata Nickel recently completed deep drill testing it's adjoining Montcalm mine property, which hosts an estimated 4.2 million tonnes grading 1.45% nickel and 0.69% copper are in the measured category and are expected to support a mine life of approximately 8.5 years. The drill program with test geophysical conductors to depths of 200 metres south of the Montcalm Mine claims. Pacific North West can earn 100 per cent of the project by spending C$4 million over a 4 year period but Xstrata retains a 2% net smelter royalty and also has the right to earn back a 65 per cent stake, by either completing a feasibility study or spending $20 million on a feasibility study, whichever occurs first. So if lightening strikes, the major is covered.
News is also starting to flow from Pacific North West's platinum reconnaissance program in Quebec. Last year, Pacific North West teamed up with SOQUEM, a subsidiary of Société Générale de Financement du Québec, to identify and explore for platinum properties in the province. Work on the Taureau Project identify PGM mineralization in mafic intrusive bodies with two samples returning assays averaging 1.17grams palladium per tonne, 0.14 gram platinum per tonne, 0.29gram gold per tonne, 1.62% copper and 0.35% nickel. Clearly early days but a nice start. According to Harry; "Our partnership with SOQUEM is advancing on schedule. Grassroots exploration conducted in 2006 should provide us with drill ready targets over the next few months. The technical expertise of our partner SOQUEM is unmatched."
While this new exploration activity has prompting renewed interest from investors, Pacific North West Capital in partnership with Anglo Platinum is not about to back away from their flagship River Valley project in Ontario. Little wonder given that Anglo has already committed over C$19 million and can take its interest up to 60 per cent by providing a feasibility study and earn an additional 5 per cent by providing production financing.
It is not that River Valley has failed to deliver results over the years; it is just that investors have grown impatient. Last year's Phase 9A program cut a new style of PGM mineralization, the type comparable to the Bushveld Complex of Southern Africa. This kept Anglo in the hunt and also attracted the interest of Stillwater Mining, the largest primary producer of platinum group metals outside South Africa and Russia. Stillwater invested C$2 million in Pacific North West. But after nearly a decade of exploration results out of River Valley without news of mine development, shareholders just yawned at the recent developments. Still with a current measured and indicated resources marking 953,900 ounces of palladium, 329,500 ounces of platinum and 59,500 ounces of gold, one good drill hole could well put the play back on the map of investors.
For its part, Stillwater has gone on to ink a deal on Pacific North West's Goodnews Bay platinum project in Alaska and the producer will also fund reconnaissance on Pacific North West's other Alaskan projects. To earn an initial 50 per cent, Stillwater must fund US$4 million in exploration.
All this action is reminiscent of Pacific North West's early days when the company used top notch technical expertise to uncover hidden gems and then farm them up to bigger companies with deeper pockets. After all that is how River Valley started and the initial results made Pacific North West a market darling, albeit only for a short period of time. Some investors are already taking notice of the similarities as shares in the company have hit 52-week highs of C$0.52, up from C$0.27 at the start of the year. Pacific North West says that it committed to acquire new PGM and base metal projects, as well as working up the current ones. The promise of diversified news flow makes Pacific North West a company well worth watching in the second half of 2007.
Pacific North West Capital/Xstrata Nickel commence drilling at West Timmins Nickel Project, South of Montcalm Mine, Ontario
Thursday May 17, 2:01 pm ET
<< TSX: PFN OTCBB: PAWEF Frankfurt: P7J >>
VANCOUVER, May 11 /CNW/ - Pacific North West Capital Corp. ('PFN') (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News), is pleased to announce that a diamond drill program (approximately 2,000 metres) has commenced to evaluate EM conductors to depths of 200 metres south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC).
The PFN drill program will evaluate deep conductive targets, identified from a Pulse EM survey, with coincident magnetic signatures similar to those identified over the Montcalm Mine mineralization. These drill targets are also supported by the identification of a geological environment from previous drill results in 2005, to the south-west of the Montcalm Mine, similar to that hosting the ore mineralization (Cu-Ni) in the Montcalm Mine. The West Timmins Project was obtained by a Joint Venture with Xstrata Nickel, whereby PFN may earn a 100% interest in the West Timmins Project. The West Timmins Project covers 355 kms(2) (26,928 hectares), some 60 kms west of Timmins, Ontario (see location figure below).
Numerous other anomalies, along strike of the MIC, delineated by airborne EM (AeroTEM), downhole geophysics, and geochemical techniques (MMI survey) remain to be drill tested. Other geological target areas within the MIC still have to be evaluated by ground reconnaissance surveys. These follow-up programs are expected to be initiated later in the year.
The West Timmins project is located adjacent to Xstrata Nickel's Montcalm deposit. The deposit contains a Proven Mineral Reserve of 4.1 million tonnes (at) 1.38% Ni, 0.64% Cu as of December 31, 2006. Ore is transported 108 km east from the Montcalm Mine to the Kidd Creek Metallurgical Complex to be processed (See Location Figure).
To view location figures, please visit:
http://www.pfncapital.com/i/maps/map_attachement_may112007_1.jpg
http://www.pfncapital.com/i/maps/Map_attachement_May112007_2.jpg
http://www.pfncapital.com/i/maps/map_attachement_05102007.jpg
About Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News) is a premier explorer in the search for Platinum Group Metals (PGMs) in North America and is currently in the most aggressive acquisition phase of the company's history focusing on new PGM and Nickel projects. PFN is committed to advancing its existing projects and acquiring new PGM and base metals projects via self-funding or option/joint venture agreements with major mining companies. The company has $4.7 million in working capital and no debt.
Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western Hemisphere, recently purchased 11% of PFN and is a strategic partner in the search for new platinum group metal discoveries in North America. Stillwater Mining recently signed a letter of intent to invest $4.5 million into PFN's Alaskan exploration and reconnaissance programs including the Goodnews Bay Platinum Project. PFN is the project operator.
PFN is currently exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Current measured and indicated resources: 30.5 million tonnes containing 953,900 ounces of palladium (0.97 g/t), 329,500 ounces of platinum (0.34 g/t) and 59,500 ounces of gold (0.061g/t) with an additional 2.3 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) of Inferred Resources using a 0.7 g/t cut off (pt/pd). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. In March management presented Anglo Platinum with the 2007 work program and budget. PFN is the project operator.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec.
PFN's technical team is aggressively acquiring new PGM and base metal projects in Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
On behalf of the Board of Directors
"signed"
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Tel (604) 685-1870, Fax (604) 685-8045, Email: ir@pfncapital.com, or visit http://www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
http://biz.yahoo.com/cnw/070517/pfn_xstrata_drilling.html?.v=1
Pacific North West Capital/SOQUEM Acquires First Round of Platinum Group Metals Properties in Quebec
Monday May 14, 8:20 am ET
<< ------------------------------------------------------------------------- - Continued 50/50 contributions for funding and staffing resources in 2007 - Staking covering new conductors associated with mafic intrusives - Joint venture established to evaluate newly identified PGM targets - Phase 2 of the $350,000 program to evaluate other targets in the Taureau Project area (AMI) has been approved to evaluate additional targets -------------------------------------------------------------------------
TSX: PFN OTCBB: PAWEF Frankfurt: P7J www.pfncapital.com >>
VANCOUVER, May 14 /CNW/ - Pacific North West Capital Corp. ("PFN") (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News) is pleased to announce that it has staked new claims in the Province of Quebec, over conductive trends defined by an airborne EM and mag survey flown in late 2006. Staking activity is part of a cooperation agreement with SOQUEM, a company devoted to mineral exploration in the Province of Quebec.
A total of approximately 219 surveyed lots have been staked, which should be confirmed by the Ministère des Ressources Naturelles et de la Faune du Québec, once they are processed. These acquisitions are part of the Taureau reconnaissance program which evaluated mafic intrusions for PGM mineralization in a defined Area of Mutual Interest (AMI) within the Grenville Province of Quebec.
SOQUEM is acting as manager of the 50/50 Cooperation Agreement. The parties have equal representation consisting of two members each on a Technical Committee responsible for setting programs, budgets, and schedules.
PFN's President Harry Barr stated, "Our partnership with SOQUEM is advancing on schedule. Grassroots exploration conducted in 2006 should provide us with drill ready targets over the next few months. The technical expertise of our partner SOQUEM is unmatched."
Work on the Taureau Project was started in 2006 within the AMI to identify PGM mineralization in mafic intrusive bodies. Staking follows two samples returning assays averaging 1.17gpt Pd, 0.14gpt Pt, 0.29gpt Au, 1.62% Cu, and 0.35% Ni. A new Joint Venture with SOQUEM has been formed to further assess the significance of the known mineralized mafic intrusion as well as any of the related conductive trends associated with the newly identified magnetic bodies (aero mag) which are felt to be related to other mafic intrusive bodies in the region.
A 2007 budget of $110,000 has been approved to begin evaluating the new Joint Venture area as well as $350,000 to continue work (phase 2) in the AMI to locate additional PGM mineralization.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration.
About SOQUEM Inc.
-----------------
SOQUEM INC. is a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"). The mission of the SGF, an industrial and financial holding company, is to undertake economic development projects in the industrial sector in cooperation with partners and in compliance with the economic development policies of the Government of Quebec. SOQUEM's head office is located in Val d'Or, with a regional office in Chibougamau.
About Pacific North West Capital Corp.
--------------------------------------
Pacific North West Capital Corp. (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News) is a premier explorer in the search for Platinum Group Metals (PGMs) in North America and is currently in the most aggressive acquisition phase of the company's history focusing on new PGM and Nickel projects. PFN is committed to advancing its existing projects and acquiring new PGM and base metals projects via self-funding or option/joint venture agreements with major mining companies. The company has $4.5 million in working capital and no debt.
Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western Hemisphere, recently purchased 11% of PFN and is a strategic partner in the search for new platinum group metal discoveries in North America. Stillwater Mining recently signed a letter of intent to invest $4.5 million into PFN's Alaskan exploration and reconnaissance programs including the Goodnews Bay Platinum Project. PFN is the project operator.
PFN is currently exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Current measured and indicated resources: 30.5 million tonnes containing 953,900 ounces of palladium (0.97 g/t), 329,500 ounces of platinum (0.34 g/t) and 59,500 ounces of gold (0.061g/t) with an additional 2.3 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) of Inferred Resources using a 0.7 g/t cut off (pt/pd). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. In March management presented Anglo Platinum with the 2007 work program and budget. PFN is the project operator.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec.
PFN's technical team is aggressively acquiring new PGM and base metal projects in Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
On behalf of the Board of Directors
(signed)
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Tel (604) 685-1870, Fax (604) 685-8045, Email: ir@pfncapital.com, or visit http://www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
http://biz.yahoo.com/cnw/070514/pacificnorthwest_prop.html?.v=1
I missed that PR after hours.
What I particularly like about Pacific North's deposits are that they are in Canada, an important consideration for future natural resource investing. It just makes sense to invest in North America and Canada is very resource oriented.
Pacific has the potential to be a very successful company.
You're correct. It's good to have strong jv partners!
Nice pr...Anglo Platinum Ltd.,and Stillwater as jv partners,makes me feel we're in good company!
And the following came out after the bell
..............
May 11, 2007 - 4:40 PM EDT
Pacific North West Capital Corp. - $3,300,000 non-brokered private placement
VANCOUVER, May 11 /CNW/ - Pacific North West Capital Corp. (the "Company") wishes to announce the following:
A non-brokered private placement of up to 6,000,000 units at a purchase price of $0.50 per unit for gross proceeds of up to $3,000,000. Each unit will consist of one common share in the capital of the Company and one-half of one non-transferable share purchase warrant, each whole Warrant entitling the holder thereof to purchase one additional common share of the Company for a period of eighteen months from the closing date at a price of $0.60 per share.
The proceeds from the private placement received from the sale of the units will be used for the acquisition of additional platinum group metal and nickel projects and working capital.
A non-brokered private placement of up to 600,000 flow-through units at a price of $0.50 per common share for gross proceeds of up to $300,000. Each unit will consist of one flow-through common share in the capital of the Company and one-half of one non-transferable, non flow-through share purchase warrant, each whole Warrant entitling the holder thereof to purchase one additional non flow-through common share of the Company for a period of eighteen months from the closing date at a price of $0.60 per share.
The proceeds of the private placement received from the sale of the flow-through shares will be used for drilling on the Company's Option/Joint Venture with Xstrata plc in Timmins, Ontario.
A finder's fee may be paid.
The foregoing is subject to regulatory approval.
About Pacific North West Capital Corp.
--------------------------------------
Pacific North West Capital Corp. (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J) is a premier explorer in the search for Platinum Group Metals (PGMs) in North America and is currently in the most aggressive acquisition phase of the company's history focusing on new PGM and Nickel projects. PFN is committed to advancing its existing projects and acquiring new PGM and base metals projects via self-funding or option/joint venture agreements with major mining companies. The company has a total of $4.5 million in working capital and no debt.
In late 2004 PFN established a Nickel Division and today has an Option/Joint Venture in the Timmins Mining District with Xstrata Nickel (previously Falconbridge Ltd). An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $1.4 million on the project to date. In the second week of May, a diamond drill program commenced to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC).
Stillwater Mining Company (NYSE: SWC), the largest producer of palladium and platinum in the Western Hemisphere, recently purchased 11% of PFN and is a strategic partner in the search for new platinum group metal discoveries in North America. Stillwater Mining recently signed a letter of intent to invest $4.5 million into PFN's Alaskan exploration and reconnaissance programs including the Goodnews Bay Platinum Project. PFN is the project operator.
PFN is currently exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Current measured and indicated resources: 30.5 million tonnes containing 953,900 ounces of palladium (0.97 g/t), 329,500 ounces of platinum (0.34 g/t) and 59,500 ounces of gold (0.061 g/t) with an additional 2.3 million tonnes containing 67,000 ounces of palladium (0.87 g/t), 23,800 ounces of platinum (0.31 g/t) and 4,000 ounces of gold (0.05 g/t) of Inferred Resources using a 0.7 g/t cut off (pt/pd). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. Recently, management presented Anglo Platinum with the 2007 work program and budget. PFN is the project operator.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Societe Generale de Financement du Quebec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec.
PFN's technical team is aggressively acquiring new PGM and base metal projects in Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, the North West Territories and Alaska.
On behalf of the Board of Directors
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
Source: Canada NewsWire (May 11, 2007 - 4:40 PM EDT)
News by QuoteMedia
www.quotemedia.com
futrcash
Pacific North West Capital/Xstrata Nickel commence drilling at West Timmins Nickel Project, South of Montcalm Mine, Ontario
Friday May 11, 1:07 pm ET
VANCOUVER, May 11 /CNW/ - Pacific North West Capital Corp. ('PFN') (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News), is pleased to announce that a diamond drill program (approximately 2,000 metres) has commenced to evaluate EM conductors to depths of 200 metres south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC).
The PFN drill program will evaluate deep conductive targets, identified from a Pulse EM survey, with coincident magnetic signatures similar to those identified over the Montcalm Mine mineralization. These drill targets are also supported by the identification of a geological environment from previous drill results in 2005, to the south-west of the Montcalm Mine, similar to that hosting the ore mineralization (Cu-Ni) in the Montcalm Mine. The West Timmins Project was obtained by a Joint Venture with Xstrata Nickel, whereby PFN may earn a 100% interest in the West Timmins Project. The West Timmins Project covers 355 kms(2) (26,928 hectares), some 60 kms west of Timmins, Ontario (see location figure below).
Numerous other anomalies, along strike of the MIC, delineated by airborne EM (AeroTEM), downhole geophysics, and geochemical techniques (MMI survey) remain to be drill tested. Other geological target areas within the MIC still have to be evaluated by ground reconnaissance surveys. These follow-up programs are expected to be initiated later in the year.
The West Timmins project is located adjacent to Xstrata Nickel's Montcalm deposit. The deposit contains a Proven Mineral Reserve of 4.1 million tonnes (at) 1.38% Ni, 0.64% Cu as of December 31, 2006. Ore is transported 108 km east from the Montcalm Mine to the Kidd Creek Metallurgical Complex to be processed (See Location Figure).
To view location figures, please visit:
http://www.pfncapital.com/i/maps/map_attachement_may112007_1.jpg
http://www.pfncapital.com/i/maps/Map_attachement_May112007_2.jpg
http://www.pfncapital.com/i/maps/map_attachement_05102007.jpg
About Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News) is a premier explorer in the search for Platinum Group Metals (PGMs) in North America and is currently in the most aggressive acquisition phase of the company's history focusing on new PGM and Nickel projects. PFN is committed to advancing its existing projects and acquiring new PGM and base metals projects via self-funding or option/joint venture agreements with major mining companies. The company has $4.7 million in working capital and no debt.
Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western Hemisphere, recently purchased 11% of PFN and is a strategic partner in the search for new platinum group metal discoveries in North America. Stillwater Mining recently signed a letter of intent to invest $4.5 million into PFN's Alaskan exploration and reconnaissance programs including the Goodnews Bay Platinum Project. PFN is the project operator.
PFN is currently exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Current measured and indicated resources: 30.5 million tonnes containing 953,900 ounces of palladium (0.97 g/t), 329,500 ounces of platinum (0.34 g/t) and 59,500 ounces of gold (0.061g/t) with an additional 2.3 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) of Inferred Resources using a 0.7 g/t cut off (pt/pd). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. In March management presented Anglo Platinum with the 2007 work program and budget. PFN is the project operator.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec.
PFN's technical team is aggressively acquiring new PGM and base metal projects in Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
On behalf of the Board of Directors
"signed"
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Tel (604) 685-1870, Fax (604) 685-8045, Email: ir@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
http://biz.yahoo.com/cnw/070511/pfn_xstrata_drilling.html?.v=1
Now that is a good thought.
Make my retirement a lot easier!!!
Let's find some rhodium! @ $5850/oz. Wish I had a ton 4 sale! lmao
futrcash
Pacific North West Capital Joins GGL Diamond In Search For New Nickel District in the North West Territories
Wednesday April 11, 12:53 pm ET
Drilling Slated To Begin on PFN's Option With Xstrata Nickel in Timmins Ontario
VANCOUVER, April 11 /CNW/ - Pacific North West Capital Corp. ('PFN') (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News) is pleased to announce that as part of a mandate to expand its project portfolio in both platinum group and base metal projects in North America, PFN is concluding the acquisition of several new nickel projects in and around GGL Diamonds' (GGL:TSX.V) nickel properties in the North West Territories.
The Geological Survey of Canada recently completed a mapping project which identified an extensive belt of rocks reported to have the potential for hosting significant nickel mineralization. PFN's President and CEO Harry Barr stated, "GGL's technical team should be credited with identifying what may be one of the first new nickel areas since the discovery of Voisey's Bay. PFN's management is excited about being involved in the beginning of what appears to be one of the first new base metal staking rushes in recent times in the North West Territories."
Upon completion of the acquisition program, PFN's technical team will finalize its budget and plan for the 2007 exploration program which may include airborne magnetic and EM surveys to outline and define potential target areas for nickel mineralization. The EM surveys will be followed up by ground proofing with the objective of defining drill targets. Further announcements will be forthcoming regarding the development of PFN's new acquisitions in the Winter Lake Supracrustal Belt, North West Territories.
Update on Xstrata Nickel Option/Drill Program, Timmins Ontario
On January 18th 2007, PFN announced the approval of a 2,000 metre diamond drill program at its West Timmins Nickel project south of Xstrata Nickel's Montcalm mine (see: http://www.pfncapital.com/i/maps/pfn_ne1.jpg). Xstrata Nickel is currently completing a deep drill program on its Montcalm Mine Claims. Drilling on PFN claims will begin immediately upon completion of the Xstrata Nickel program.
The West Timmins project is located adjacent to Xstrata's Montcalm deposit. The deposit contains an estimated resource of 7 million tonnes of nickel/copper sulphide, of which an estimated 4.2 million tonnes grading 1.45% nickel and 0.69% copper are in the measured category and are expected to support a mine life of approximately 8.5 years. Ore is transported 90 km east from the Montcalm Mine to the Kidd Creek Metallurgical Complex to be processed.
An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $1.4 million on the project to date.
Under the terms of the Agreement, PFN will spend $4 million over a 4 year period in order to vest a 100% interest in the Project. Xstrata Nickel, for its part, will retain a 2% NSR and may, under certain circumstances, earn back in up to 65% interest, by either completing a feasibility study or spending $20 million on a feasibility study, whichever occurs first. Under the terms of the Agreement, PFN is the project operator.
About Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News) is an exploration company focused on platinum group and base metal projects in North America. PFN is committed to advancing its existing projects and acquiring new PGM and base metals projects via self-funding or option/joint venture agreements with major mining companies. The company has $4.7 million in working capital and no debt.
Stillwater Mining Company (NYSE:SWC - News), the largest producer of palladium and platinum in the Western Hemisphere, recently purchased 11% of PFN and is a strategic partner in the search for new platinum group metal discoveries in North America. Stillwater Mining recently signed a letter of intent to invest $4.5 million into PFN's Alaskan exploration and reconnaissance programs including the Goodnews Bay Platinum Project. PFN is the project operator.
PFN is currently exploring the River Valley Project, located near Sudbury Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
See: http://www.pfncapital.com/i/maps/pfn_ne2.jpg
Current measured and indicated resources: 30.5 million tonnes containing 953,900 ounces of palladium (0.97 g/t), 329,500 ounces of platinum (0.34 g/t) and 59,500 ounces of gold (0.061g/t) with an additional 2.3 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) of Inferred Resources using a 0.7 g/t cut off (pt/pd). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. In March management presented Anglo Platinum with the 2007 work program and budget. PFN is the project operator.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Societe Generale de Financement du Quebec, mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec.
PFN's technical team is aggressively acquiring new PGM and base metal projects in Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
On behalf of the Board of Directors
"signed"
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Toll Free: 1-800-667-1870, Fax: (604) 685-8045, Email: ir@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
http://biz.yahoo.com/cnw/070411/pacificnorthwest_ggl.html?.v=1
Pacific North West Capital Corp. in alliance with SOQUEM to spend $460,000 on exploration programs in Quebec, 2007
Monday April 2, 9:00 am ET
<< ------------------------------------------------------------------------- - Joint Venture with SOQUEM (50/50) to explore PGM properties in Quebec advances. - $460,000 budgeted for the 2007 exploration program - Phase II. - 2006 exploration program identified target with significant mineralization averaging 1.17gpt Pd, 0.14gpt Pt, 0.29gpt Au, 1.62% Cu and 0.35% Ni. - Target has been staked and area flown with EM and mag with additional claims being staked. -------------------------------------------------------------------------
TSX: PFN OTCBB: PAWEF Frankfurt: P7J >>
VANCOUVER, April 2 /CNW/ - Pacific North West Capital Corp. ('PFN') (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News), is pleased to announce that they will spend $460,000 in the province of Quebec during the 2007 exploration season. The budget is to be cost shared (50:50) with SOQUEM Inc. ("SOQUEM"), a wholly owned subsidiary of the Société générale de financement du Québec ("SGF").
PFN and SOQUEM Inc. formed a strategic alliance on June 30, 2006, whereby PFN and SOQUEM would participate in a 50/50 joint venture to research platinum properties in Quebec, in designated Areas of Mutual Interest. The objective is to identify viable platinum group metal properties for further exploration. The 2007 proposed budget will be used in the designated AMI established during the 2006 program. The Agreement states that PFN and SOQUEM pool staffing and funding resources, and share all technical data pertaining to properties located within the area of mutual interest (AMI). The parties have equal representation of 2 members each on a Technical Committee, which are responsible for setting programs, budgets, and schedules. Furthermore, SOQUEM is acting as the Manager.
Based on the results of the 2006 exploration program the 2007 budget will be again directed towards the reconnaissance evaluation of the AMI in Quebec for Platinum Group Metal (PGM) mineralization. There are still untested targets that have been indicated for ground truthing within the AMI. As well, the funding will be used for additional staking properties on any mineralization that is located, as well as, for geophysical airborne targets. Once new properties are defined new joint ventures will be formed with individual budgets and exploration programs to evaluate the targets. Any agreed new budget will be redirected from the 2007 approved $460,000 budget.
The 2006 reconnaissance program involved visiting approximately 35 of 75 identified target areas within the AMI evaluating them for PGM mineralization. These targets were generated from the compilation of Quebec Government data bases of assessment work, lithologies, structure, and geochemistry within the AMI, focusing on mafic to ultra mafic intrusives. The 2006 program identified a target returning 2 samples with PGM mineralization (averaging 1.17gpt Pd, 0.14gpt Pt, 0.29gpt Au, 1.62% Cu, and 0.35% Ni). This target has been staked and the area flown with EM and mag which will result in additional claims being staked.
About SOQUEM Inc.
SOQUEM INC. is a wholly owned subsidiary of the Société générale de financement du Québec ("SGF"). The mission of the SGF, an industrial and financial holding company, is to undertake economic development projects in the industrial sector in cooperation with partners and in compliance with the economic development policies of the Government of Quebec. SOQUEM's head office is located in Val d'Or, with a regional office in Chibougamau.
About Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX: PFN - News; OTCBB: PAWEF - News) is an exploration company focused on platinum group metal projects in North America. PFN is currently exploring the River Valley Project (joint ventured with Anglo American Platinum Corporation Limited ("Anglo Platinum"), the world's largest primary producer of platinum). Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 65% interest by funding it through to production. PFN is the Project Operator.
On February 26, 2007, PFN and Stillwater Mining Company ('Stillwater') (NYSE: SWC - News) entered into a non-binding Letter Agreement pertaining to ongoing exploration of the Goodnews Bay Platinum Project ("GBPP"), Alaska. The Letter Agreement also provides for Stillwater to fund reconnaissance on other Alaskan PFN exploration projects for $500,000 in 2007 and includes the provision for Stillwater to enter into option/joint venture agreements on the Goodnews Bay Project and 1 or more of the reconnaissance projects. Under the terms of the Letter Agreement, Stillwater will spend $4 million to earn 50% of GBPP by December 31, 2010. PFN is the operator of the project.
On November 17, 2006, Stillwater acquired approximately 11% interest in PFN by completing a $2 million private placement. On December 12, 2006, PFN announced a $0.47 private placement for $1 million in which Stillwater maintained their position by a proportionate investment in the placement.
In late 2004 PFN established a Nickel Division and currently has an Option / Joint Venture in the Timmins Mining District with Xstrata Nickel (previously Falconbridge Ltd). An extensive geophysical and ground proofing exploration program has recently been completed. PFN has expended approximately $1.4 million on the project to date. A diamond drill program has been approved to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC). A planned deep drill program on the Montcalm Mine Claims by Xstrata Nickel (formerly Falconbridge Limited) has just commenced and drilling on PFN claims are tentatively scheduled to commence in late March-early April.
Pacific North West Capital Corp. is currently involved in an aggressive acquisition program with negotiations currently underway to add new PGM and base metal projects to its portfolio throughout 2007. We remain committed towards developing new and existing projects by way of self-funding or Option / Joint Venture agreements with Major PGM and Base Metal companies. PFN presently has approximately $5 million in working capital.
The qualified person responsible for this news release is John Londry, M.Sc. P. Geo.
On behalf of the Board of Directors
("signed")
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Toll Free 1-800-667-1870, Fax (604) 685-8045, Email: ir@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C. V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
http://biz.yahoo.com/cnw/070402/pfn_soquemexploration.html?.v=1
EG,
I was looking for another uranium investment when I came upon the following link for International Metals Group:
http://www.internationalmetalsgroup.com/s/Home.asp
I liked CanAlaska, which had been recommended to me by a friend. So, I ended up buying CVVUF, as their land package interested me.
In conversing with a Mr. Kris Begic, I learned of Pacific North West Capital and its property containing platinum and palladium.
I recalled an article titled "Make Sure You Have Some Platinum Stocks in that Gold Portfolio" by Kenneth J. Gerbino.
http://www.gold-eagle.com/editorials_05/gerbino072805.html
He postulates that "Platinum is mostly used for auto exhaust emission reduction and for jewelry and many other industrial usages. Auto and industrial usage takes up about 54% of supply and jewelry takes up about 40%. Most importantly, as the world has to turn increasingly to diesel engines, platinum will become even more important as it cannot (so far) be commercially substituted by palladium in diesel engines for emission control."
Ironically I just read an article on gasoline usage in China and its projection to 2010.
http://www.investorshub.com/boards/read_msg.asp?message_id=18143899
These factors are what provoked me to buy into Pacific North West. PLUS I wanted a platinum investment on the North American continent.
As to Harry Barr, I do not know anything about him, as this investment is a very recent awareness to me.
Keep an eye on both companies,
Newt
Hey fig newton man! I have added this company to my "favorites" now.
Question...do you know anythng about Harry Barr (the PFN President and CEO)? Have you followed this company a long time...or is this a very recent awareness for you?
Stillwater Mining Company signs Letter Agreement to Option/Joint Venture Goodnews Bay Platinum Project & to complete a reconnaissance program on Alaskan PGM Properties
Monday February 26, 8:00 am ET
VANCOUVER, Feb. 26 /CNW/ - Pacific North West Capital Corp. ('PFN') (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News), is pleased to announce that PFN and Stillwater Mining Company ('Stillwater') (NYSE: SWC - News) have entered into a non-binding Letter Agreement pertaining to ongoing exploration of the Goodnews Bay Platinum Project ("GBPP"), Alaska. The Letter Agreement also provides for Stillwater to fund reconnaissance on other Alaskan PFN exploration projects with the provision for Stillwater to enter into option/joint venture agreements on the Goodnews Bay Project and 1 or more of the reconnaissance projects.
The GBPP agreement is subject to approval by Calista Corporation. Calista Corporation is the second largest land owner of 13 regional Alaskan Native corporations formed in 1971 under the Alaska Native Claims Settlement Act (ANCSA). Calista Corporation's land entitlements exceed 6.5 million acres in Southwest Alaska and contain several significant mineral occurrences, including Goodnews Bay (platinum) and Donlin Creek gold project (16.6 million ounces Measured plus Indicated and 17.1 million ounces Inferred). For more information on Calista visit their website www.calistacorp.com.
Under the terms of the Letter Agreement, Stillwater will spend $4 million to earn 50% of GBPP by December 31, 2010. Stillwater may elect to increase its interest to 60% by incurring an additional $8 million in exploration expenditures within an additional two year period or upon completion of a Feasibility Study, whichever occurs first. Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.
PFN will be the Project Manager during the option period, as defined in the Option Agreement, and will receive a management fee.
Reconnaissance Properties Option
--------------------------------
Under the reconnaissance portion of the Letter Agreement, Stillwater will expend $500,000 in 2007 which will allow it to inspect several of PFN's proposed projects and after the field season Stillwater may elect to continue participation in 1 or more projects by committing to fund the following year's approved program for each elected project.
Stillwater Strategic Investment
-------------------------------
On November 17, 2006, Stillwater acquired approximately 11% interest in PFN by completing a $2 million private placement. On December 12, 2006, PFN announced a $0.47 private placement for $1 million in which Stillwater maintained their position by a proportionate investment in the placement.
The Goodnews Bay Project
------------------------
On April 12, 2006, PFN announced that it has acquired a 100% working interest in a long-term exploration and mining lease on the Goodnews Bay ultramafic platinum complex located on the southwest coast of Alaska (Figure 1), approximately 550 air miles south-southwest of Anchorage. The Goodnews Bay Project is located near year round ice free tidewater and is road accessible from the village of Platinum, which has a public airstrip.
To view Figure 1, please visit:
http://www.pfncapital.com/i/misc/Figure1feb272007.jpg
The mining lease, with Calista Corporation, encompasses an area of interest comprising about 82 square miles (212 square kilometres). Previous placer operations in the streams draining the project area produced approximately 650,000 troy ounces of platinum.
2006 field exploration efforts focused on the Goodnews Bay ultramafic intrusion in the Susie Mt. area (Figure 2) of the project where historical exploration resulted in discovery of +1 gram per tonne platinum in rock and soil samples. The 2006 evaluation program consisted of basal soil samples, pan concentrate samples and rock samples in addition to reconnaissance scale prospecting.
Results released on January 29, 2007, from the 2006 programs provided significant encouragement with anomalous Pt values in the basal soil layer on the southwest flank of Susie Mountain with Pt values as high as 268 ppb. The anomalous values are underlain by clinopyroxene dominated rocks. The approximate 650,000 ounces of placer platinum recovered from the Salmon River (Figure 2) likely originated from the deeply eroded Red Mountain massif. The potential to find additional lode platinum in the geological units on Susie Mountain remains untested.
To view Figure 2, please visit:
http://www.pfncapital.com/i/misc/Figure2feb272007.jpg
Based on the results of the 2006 field program as well as synthesis of previous work at Goodnews Bay, a series of soil, rock and pan concentrate sampling programs followed by surface trenching and/or diamond core drilling have been recommended for 2007.
About Stillwater Mining Company
Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and Russia. The Company's shares are traded on the New York Stock Exchange under the symbol SWC. Information on Stillwater Mining can be found at its Web site: www.stillwatermining.com
About Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX: PFN - News; OTCBB: PAWEF - News) is an exploration company focused on platinum group metal projects in North America. PFN is currently exploring the River Valley Project (joint ventured with Anglo American Platinum Corporation Limited ("Anglo Platinum"), the world's largest primary producer of platinum). Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 65% interest by funding it through to production. PFN is the Project Operator.
In late 2004 PFN established a Nickel Division and currently has an Option/Joint Venture in the Timmins Mining District with Xstrata Nickel (previously Falconbridge Ltd). An extensive geophysical and ground proofing exploration program has recently been completed. PFN has expended approximately $1.4 million on the project to date. A diamond drill program has been approved to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC). A planned deep drill program on the Montcalm Mine Claims by Xstrata Nickel (formerly Falconbridge Limited) has just commenced and drilling on PFN claims will commence shortly after.
Pacific North West Capital Corp. is currently involved in an aggressive acquisition program with negotiations currently underway to add new PGM and base metal projects to its portfolio throughout 2007. We remain committed towards developing new and existing projects by way of self-funding or Option/Joint Venture agreements with Major PGM and Base Metal companies. PFN presently has approximately $5 million in working capital.
The qualified person responsible for this news release is Curt Freeman, M.Sc. P. Geo.
On behalf of the Board of Directors
(signed)
Harry Barr
President and CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information
Toll Free, 1-800-667-1870, Fax (604) 685-8045, Email: ir@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
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