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Spring 2013 Presentation-
http://pfncapital.com/i/slideshow/PFNslideshow.pdf
Time to buy yet?
futr
These guys need to learn how to put out more investor friendly PR's.
Makes me wonder if management is capable of running this company successfully.
I am not familiar with stockhouse, but I will check it out.
Been months since I have followed this, so I have no idea. I assume Stillwater is still a shareholder? One new discovery, but one area was dry, so maybe it was a wash. Do you follow on Stockhouse? A more involved board there. Good Luck!
Seems like its going to be tough to make any progress here right now. Someone just jumped on the ASK with 100K shares at .095
Do you have any insight into management?
Who would be selling at these prices?
News today...Pacific North West Capital Announces a New Platinum Group Metal Zone on its River Valley Project, Sudbury, Ontario
http://www.stockhouse.com/financialtools/sn_newsreleases.aspx?qm_symbol=T.PFN&newsid=8542516
Will it make it come back? Who knows...
Private placements were done at .20
So either the company is diluting or the shares are becoming unrestricted and some are dumping.
Was there a private placement done here? What was the price?
I saw a decent PR put out last week, but the pps is seeing a lot of resistance and is close to seting a new 52week low.
Any idea why?
PGMs in ONT
Pacific North West is a N American Choice
By Ted Niles
Two things bode well for Pacific North West Capital Corp TSX:PFN and its River Valley PGM-gold project in Ontario. The first is the continuing growth in automotive manufacture, driven (so to speak) in large part by the burgeoning Chinese market. This means a concomitant increase in the production of autocatalysts, the largest single source of industrial demand for platinum group metals. The second is the social and political instability in South Africa, compounded by its ongoing electricity crisis, which threaten its status as the largest platinum producer, and second largest palladium producer, in the world.
Goto http://resourceclips.com/2011/10/05/pgms-in-ont/ to read the rest of this article.
Anyone home? Are we getting ready to do the happy dance here? Hoping for great results from the 4 samples sent in for analysis!
Pacific North West Capital Intersects high grade gold up to 44.39 g/t (1.56 ounces/ton) at Destiny Gold Project, Quebec
Date : 12/03/2009 @ 12:30PM
Source : PR Newswire
Stock : (PAWEF)
Quote : 0.184 0.049 (36.30%) @ 8:13AM
Pacific North West Capital Intersects high grade gold up to 44.39 g/t (1.56 ounces/ton) at Destiny Gold Project, Quebec
TSX: PFN OTCBB: PAWEF Frankfurt: P7J.F
VANCOUVER, Dec. 3 /PRNewswire-FirstCall/ -- Pacific North West Capital Corp. (PFN) (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J) and Alto Ventures Ltd. (ATV: TSX-V are pleased to announce high-grade gold results from the first five diamond drill holes completed at the DAC Deposit on the Destiny Gold Project, Quebec. High grade quartz veins including 44.39 g/t gold (1.56 oz./t), 39.5 g/t gol d (1.39 oz./t)and 20.6 g/t gold (0.72 oz./t) across 0.5m were intersected. These veins occur within wide shear-related alteration zones which themselves are gold bearing.
Subject to final results of the current drill program, Pacific North West Capital plans to begin Phase II drilling in early 2010. A third phase of drilling is slated for Spring/Summer 2010 and its size will be dependent on the results found in Phases I & II. The objective of the above mentioned program is to expand the current NI 43-101 resources on the project.
Map Link: http://www.pfncapital.com/s/NewsReleases.asp?ReportID=374904
These first five holes are part of a 5,000m, 14 hole drill program designed to expand the known resources at the DAC zone through infill and step-out drilling.
The property is located approximately 75 km north of Val d'Or in the Abitibi-Temiscamingue region, Quebec. The geological environment at Destiny is similar to the main Val d'Or belt, one of the major mining centres in the Province of Quebec, and host to many mine development projects. The property is road accessible with excellent mining infrastructure and support facilities nearby.
Table of significant gold assays
------------------------------------------------------------------------- Hole Number From (m) To (m) Width (m) Au (g/t) *downhole ------------------------------------------------------------------------- DES09-120 256.5 257.5 1.0 3.08 294.7 301.0 6.3 4.36 includes 299.2 299.7 0.5 44.39 336.5 337.0 0.5 1.6 ------------------------------------------------------------------------- DES09-121 37.5 38.1 1.0 2.13 46.9 47.4 0.5 1.19 105.5 113.5 8.0 0.6 147.2 147.7 0.5 1.93 ------------------------------------------------------------------------- DES09-122 103.7 111.2 7.5 1.9 includes 110.7 111.2 0.5 3.34 145.0 159.5 14.5 0.7 includes 152.5 153.7 0.7 4.57 234.4 235.5 1.1 3.78 241.4 262.0 20.6 0.23 ------------------------------------------------------------------------- DES09-123 160.0 165.2 5.2 2.43 includes 163.7 164.7 1.0 9.74 199.0 217.3 18.3 1.05 includes 200.0 201.0 1.0 10.81 236.4 271.5 35.1 0.46 includes 269.9 270.5 0.6 5.90 312.1 212.8 0.7 4.54 ------------------------------------------------------------------------- DES09-124 217.0 229.0 12.0 0.39 232.0 237.2 5.2 2.26 includes 233.5 234.0 0.5 20.62 250.0 266.0 16.0 0.31 276.0 291.2 15.2 1.29 includes 279.0 280.0 1.0 5.81 and 285.5 286.0 0.5 8.42 330.8 335.7 4.9 4.61 includes 331.3 331.8 0.5 39.5 377.3 377.8 0.5 2.21 385.85 386.65 0.8 1.69 -------------------------------------------------------------------------
* Based on core angles and previous drilling, true widths are estimated at approximately 80 to 90% of the downhole lengths reported.
PFN has allocated a $600,000 budget to the Destiny Gold Project for 2009 and the work program is being managed by Alto Ventures Ltd.
About the DAC Deposit
The main area of mineralization on the Destiny Gold Property is the DAC zone, which occurs over a strike length of about 600 m. In this area, four to five identifiable intervals of quartz veining and shear-related alteration zones carry high grade gold mineralization, with drill intersections up to 178.5 g/t (6.29 oz./ton) gold over a drill width of 1.0 metres. The DAC zone hosts a NI 43-101 compliant indicated resource of 166,863 tonnes grading 6.88 g/t gold (36,892 ounces) and an inferred resource of 444,753 tonnes grading 4.46 g/t gold (63,839 ounces) calculated by W.A. Hubacheck Consultants Ltd. in 2007 (see "A Resource Estimate of the DAC Gold Deposit, Despinassy Twp., Val d'Or, Quebec" dated January 9, 2007, available on the company's website). . Drill-hole cross sections and a 3D model were generated for the DAC Deposit in 2008 and are posted on http://www.corebox.net/.
Pacific Northwest Capital Corp. has entered into an Option Agreement for the Destiny Gold Property. Under the terms of the Option Agreement, PFN will pay Alto Ventures Ltd., $200,000, provide Alto with 250,000 common shares of PFN, and complete a total of $3,500,000 in exploration expenditures over a four year period to earn a 60% interest in the Destiny Gold Property. Subsequent to vesting of its interest, the contract between the Parties calls for the formation of a Joint Venture with ATV to further develop the project.
Mike Koziol, P. Geo., P.Eng. And Alto's President and CEO is the Qualified Person who has reviewed and approved this news release.
Quality Assurance/ Quality Control
Core processing included descriptive logging and selection of samples for analyses. The NQ-size cores were sawed in half and one half was delivered to a commercial laboratory. The samples were delivered to the Accurassay preparation laboratory in Sudbury where they were crushed and a 500 gram pulp was prepared. The pulp was then shipped to Accurassay Laboratories in Thunder Bay for analyses. The gold assaying method uses a standard Fire Assay with AA finish technique on a 30 gram aliquot taken from a 500 gram split from the submitted sample. Commercially prepared standards and blanks were inserted by Alto every 25 samples to ensure precision of the results. The laboratory performs repeat check assays every 10 samples on pulps to ensure internal lab quality control. The results reported represent mathematical averages of all analyses performed on each specific sample.
Robert J. Tremblay P. Geo (Quebec), Consulting Geologist to Alto Ventures, is responsible for supervision of the diamond drilling program.
About Pacific North West Capital Corp:
Pacific North West Capital Corp. (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J.F) is a mineral exploration company focused on Platinum Group Metals (PGM), precious and base metals. Management's corporate philosophy is to be a Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major and junior mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, First Nickel, Fire River Gold Corp. and Alto Ventures. Pacific North West Capital Corp. is well funded with an experienced management team and the ability to take advantage of the tremendous under funded opportunities that are available in the mining sector today.
Management of Pacific North West Capital plans to use their technical, financing and deal making abilities to acquire additional Platinum Group metals, base metals and precious metals projects on an international scale. To that end, the company is in the process of adding key technical, and financial people to our management, advisory team and to our board of directors. Pacific North West Capital is an International Metals Group of Companies.
About Alto Ventures Ltd
Alto Ventures Ltd. is a gold exploration and development company with a portfolio of highly prospective properties in the Canadian Shield. The Company is currently active in Quebec where it is focused on the Destiny Gold project in the Abitibi Greenstone Belt and in Ontario in the Beardmore and Shebandowan gold districts.
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The conversion between grams/ton and ounces/ton were done through the facilities of http://www.metric-conversions.org/weight/grams-to-ounces.htm
Note: this release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as "continue", "efforts", "expect", "believe", "anticipate", "confident", "intend", "strategy", "plan", "will", "estimate", "project", "goal", "target", "prospects", "optimistic" or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company's ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (http://www.sedar.com/), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.
DATASOURCE: Pacific North West Capital Corp.
CONTACT: Tel: (604) 685-1870, Fax: (604) 685-8045, Email:
, or visit http://www.pfncapital.com/; 2303 West 41st Avenue,
Vancouver, B.C., Canada, V6M 2A3
Upbeat On Platinum, Palladium Price Outlook
By Charlotte Mathews
05 Aug 2008 at 06:15 AM GMT-04:00
Supply shortages occasioned by power outages have been a factor.
http://www.resourceinvestor.com/pebble.asp?relid=45039
JOHANNESBURG (Business Day) -- Platinum and palladium prices could recover later this year because supply shortages related to the national power crisis are likely to go on, Natixis Commodity Markets said in its third-quarter Metals Review released yesterday.
Spot platinum plunged almost 5% to $1,578/oz in early trade yesterday, its lowest level in six months, on the release of figures from the U.S. and Germany showing a sharp fall in vehicle sales, said Bloomberg.
The price of platinum, which is used in catalytic converters in vehicles, has shed almost 20% in three weeks. South Africa (SA) produces most of the world’s platinum.
Angloplat, the world’s biggest producer, was 4% weaker at R877 by mid-afternoon, while Impala Platinum, the second-biggest producer, was 6% down at R202.60.
However, Natixis was bullish on the outlook for precious metals generally. It said they should benefit from safe haven buying amid the turmoil on financial markets. The threat of military activity in the Middle East, resulting from Iran’s nuclear ambitions, could also accelerate investor activity, it said.
The gold price should average $940/oz this year but it was likely to drop to an average of $850/oz next year as US short-term interest rates rose, the dollar strengthened and fears of inflation waned.
Platinum would average $1,970/oz this year but climb to $2,250/oz next year on tight stocks, as well as the likelihood that output problems related to SA’s power shortage had not yet been resolved. Natixis was less bullish on the palladium price outlook, which it expected to average $450/oz this year and next year, curbed by quantities held in Russian stockpiles. On base metals, Natixis expected prices would continue to fall. Tight supply had maintained prices so far but output growth would start to accelerate. While supply was easing, demand was falling, especially for metals linked to residential building activity such as aluminium extrusions and copper tube.
As the global economic downturn spread to the nonresidential sector and the motor industry was also being affected, demand for other products was declining. Natixis expected copper would average $8250/ton this year and $7250/ton next year as the market surplus grew. Lead could fall to $1,750/ton next year from $2000/ton this year and nickel to $21,000/ton from $24,600.
Demand for steel was still strong in markets such as the Middle East, Brazil, Russia, India and China, but was easing elsewhere and steel prices would come under further pressure this year and next.
Pacific North West Capital and Benton Resources Complete Helicopter-borne Magnetic and VTEM Survey on the Swayze Nickel Project, ON
Thursday July 3, 1:00 pm ET
TSX: PFN OTCBB: PAWEF Frankfurt: P7J
http://biz.yahoo.com/prnews/080703/to213.html?.v=75
VANCOUVER, July 3 /PRNewswire-FirstCall/ - Pacific North West Capital Corp. ("PFN") (TSX: PFN - News) and Benton Resources Corp. (TSX.V : BTC) ("Benton") are pleased to announce that a helicopter-borne magnetic and electromagnetic (VTEM) survey has been completed over the Tooms Twp claim block of the Swayze JV Project located west of Timmins, Ontario.
See map attachment:
http://www.pfncapital.com/s/NewsReleases.asp?ReportID=310035
The Swayze JV was formed to explore for nickel-copper-platinum-palladium deposits in the ultramafic rocks of the Swayze Greenstone Complex, centered 80 km southwest of Timmins. Land holdings include three claim blocks totaling 670 units located in Tooms, Heenan and Kenogaming Townships. The Tooms property is host to several nickel showings with historic values including drill core values of up to 0.83% Ni over 7.3 meters including 2.5% Ni over 1.6 meters (MNDM assessment files). On the Heenan Twp. Claim block, a 20 km grid has been cut and ground magnetic and induced polarization surveys have been completed over a new gold-bearing zone discovered by prospectors John Hussey and Armand Aube of Timmins. Initial surface grab samples from the zone have returned up to 4.3 gpt Au.
Mapping and prospecting crews are currently active on the Heenan and Kenogaming claim blocks and will be dispatched to the Tooms property when results from the airborne survey have been compiled.
Benton Resources Corp. and Pacific North West Capital are participating in a 50% - 50% Joint Venture whereby both Companies agree to bear all expenditures and participate in a single purpose unincorporated Joint Venture for the purpose of carrying out all Mineral exploration. Benton is the Operator for the project and will be responsible for carrying out all exploration activities.
About Benton Resources Corp:
Benton Resources Corp. is a mineral exploration company listed on the TSX Venture Exchange under the symbol BTC. Benton's aggressive and experienced management team is focused on base and precious group metal exploration. The Company's diverse property portfolio includes Canadian projects which are highly prospective for gold, uranium, platinum, palladium, nickel and copper. The Company currently has approximately $20 million in working capital.
About Pacific North West Capital Corp:
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a 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, Benton Resources, First Nickel and SOQUEM.
Pacific North West Capital Corp. has approximately $9.5 million in working capital and securities.
On behalf of the Board of Directors
(signed)
Harry Barr
President & 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: 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 and First Nickel Complete Airborne Geophysical Survey on Raglan Hills Nickel Project, ON
Thursday June 26, 8:30 am ET
TSX: PFN OTCBB: PAWEF Frankfurt: P7J
http://biz.yahoo.com/prnews/080626/to332.html?.v=46
VANCOUVER, June 26 /PRNewswire-FirstCall/ - Pacific North West Capital Corp. (PFN) (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J) and First Nickel Inc. ("First Nickel" or the "Company") (TSX: FNI - News) are pleased to report the results of the recently completed AeroTem III and AeroTem IV geophysical survey by Aeroquest Limited ("Aeroquest") on the Raglan Hills Joint Venture Project. The Raglan Hills Project is situated northeast of Bancroft in the Province of Ontario and comprises 21 claim blocks totalling 2,752 hectares.
The Raglan Hill Project is located over the northeastern portion of the Raglan Hills Intrusive Complex. The Complex is a differentiated mafic intrusive composed primarily of meta-gabbro with lesser proportions of meta-pyroxenite. Three historical, nickel and copper sulphide occurrences and one nickel and copper prospect are identified in Ontario's Mineral Deposit Inventory (see Figure 1) and may represent the feeder system to the Raglan Hills Intrusive Complex. Minimal exploration has occurred since the late 1980's and the property has potential to host economic nickel-copper sulphide zones within these possible feeder systems.
The Aeroquest airborne geophysical survey was completed on the Raglan Hills property in the first quarter of 2008 and comprised of a total of 1,750 line kilometres of electromagnetic and magnetic data. The preliminary geophysical interpretation of the magnetic data indicates several large magnetic features and multiple smaller magnetic anomalies associated with the interpreted mafic and ultramafic intrusions within the property boundaries (see Figure 2).
The electromagnetic data has identified a number of electromagnetic anomalies of varying strength, most coincident with magnetic highs. Electromagnetic anomalies were identified over the known disseminated nickel and copper mineralization within the meta-pyroxenitic portions of the Raglan Hills Meta-gabbro Intrusive Complex. Several conductors identified by the Aeroquest survey appear to be covered by glacial overburden and no historic documentation has been observed indicating that these anomalies may not have been previously explored.
A surface mapping and sampling program is scheduled for the summer that is designed to ground truth the numerous electromagnetic anomalies identified by the Aeroquest survey. All work will be completed on staked mining claims currently held by either First Nickel or PFN that form the Raglan Hills Joint Venture Project.
Pacific North West Capital and First Nickel are participating in a 50% - 50% Joint Venture whereby both Companies agree to bear all expenditures and participate in a single purpose unincorporated Joint Venture for the purpose of carrying out all Mineral exploration. First Nickel will act as Operator for the project and will be responsible for carrying out all exploration activities.
The information in this release was prepared under the direction of Paul Davis, P.Geo., Vice President of Exploration for First Nickel Inc., a "qualified person" as defined by National Instrument 43-101. First Nickel Inc. follows a rigorous QA/QC protocol on all of its exploration projects.
For Figures 1 & 2, Please follow the hyperlink to:
http://www.pfncapital.com/s/NewsReleases.asp?ReportID=309152
About Pacific North West Capital Corp:
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a 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, Benton Resources, First Nickel and SOQUEM.
Pacific North West Capital Corp. has approximately $9.5 million in working capital and securities.
About First Nickel:
First Nickel is a Canadian mining and exploration company. It is currently active in the Sudbury Basin in northern Ontario, the location of the company's producing property (the Lockerby Mine) and three of its exploration properties and in eastern Ontario. First Nickel also has two exploration properties in the Timmins region of northern Ontario. First Nickel's shares are traded on the TSX under the symbol FNI.
On behalf of the Board of Directors
(signed)
Harry Barr
President & CEO
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: info@pfncapital.com, or visit www.pfncapital.com; 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
You're right. I should have taken profits on some of my shares after two run ups.
I will learn.
sumi
Still in the very early stages here...
which I suppose is why there's hardly any investor interest.
I have to remind myself to keep accumulating as eventually we'll look back @ these prices as a gift.
"Under the terms of the Option Agreement, by spending $4 million Stillwater is entitled to earn a 50% interest in GPP 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"
futrcash
Pacific North West Capital and Stillwater Mining Commence $1,000,000 Drill Program - Goodnews Platinum Project, Alaska
Tuesday June 3, 8:00 am ET
http://biz.yahoo.com/cnw/080603/goodnews_platinum_prj.html?.v=1
VANCOUVER, June 3 /CNW/ - Pacific North West Capital Corp. (PFN) (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News) is pleased to report that a $1,000,000 drill program has commenced on the Goodnews Bay Platinum Project ("GPP"). The objective will be to drill two established targets and to define additional new platinum mineralization. The Last Chance and Susie West prospects have been delineated as drill targets for the exploration program. (See map at http://www.pfncapital.com/s/NewsReleases.asp?ReportID=305331)
The company will also continue its soil-rock interface sampling program on Suzie Mountain, to expand on existing drill targets and test additional ground which was beyond the 40 foot depth limit of the soil auger drilling rig utilized in 2007.
Last Chance
Outcrop rock sampling has defined the Last Chance prospect located on Red Mountain at the head of Dowry Creek, a past producing platinum placer stream The bedrock platinum anomaly measures 650 meters north - south by 175 meters east - west. The prospect has a vertical exposure of 50 meters with platinum enriched chromium iron (Cr-Fe) oxides outcropping in dunite between elevations of 380 - 430 meters. Platinum grades are variable and range up to 2.27g/t. Within this prospect there are also platinum and palladium enriched magnetite - clinopyroxene veins cutting the dunite. Platinum/palladium ratios are near 1 which clearly differentiates this magnetite in clinopyroxene hosted mineralization from the chromite in dunite hosted mineralization that has much higher platinum/palladium ratios.
Susie West
Assay results from auger sampling conducted on Susie Mountain has defined a platinum anomaly in basal mineral soils derived from clinopyroxene rich rocks. A 50 meter by 100 meter sampling grid has defined a (greater than)50 ppb platinum soil anomaly with grades up to 432 ppb platinum. This basal soil platinum anomaly is open to the west. Susie Mountain and Red Mountain are a single intrusion that has been dissected by the Salmon River Fault. The Susie Mountain portion of the intrusion is at a lower erosional level. This means that the recently discovered platinum mineralization at the Susie west prospect is hosted in rock that may retain platinum mineralization which has been eroded from Red Mountain to form the Salmon River platinum placer.
Goodnews Platinum Project
PFN and Stillwater Mining Company (Stillwater) (NYSE: SWC - News) are exploring the lode platinum potential of the Goodnews Bay Ultramafic Intrusion, the proposed source for the Salmon River platinum placer deposit. PFN has an agreement with Calista Corp, which controls the subsurface estate surrounding the Salmon River, to explore for and develop a potential lode platinum deposit. An outcrop and basal soil sampling program was conducted in July 2006 and June-July 2007 which resulted in the definition of drill targets at both Red Mountain and Susie Mountain.
Under the terms of the Option Agreement, by spending $4 million Stillwater is entitled to earn a 50% interest in GPP 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.
The GPP option agreement was approved by Calista Corporation in December 2007. Calista Corporation is the second largest landowner 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 (29.38 million ounces Measured and Indicated and 3.46 million ounces Inferred). For more information about Calista visit their website www.calistacorp.com.
Stillwater Mining Company - Strategic Shareholder
On November 17, 2006, Stillwater acquired approximately 11% interest in PFN by completing a $2 million private placement. In 2007/2008, Stillwater followed their position by participating in three additional private placements and currently holds approximately 9.5% of Pacific North West Capital Corp.
About Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a 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, Benton Resources, First Nickel and SOQUEM.
Pacific North West Capital Corp. has approximately $10 million in working capital and securities.
The Qualified Person for this release is Curt Freeman, M.Sc. P.Geo.
On behalf of the Board of Directors
"signed"
Harry Barr
President & C.E.O.
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.
First U.S.-Listed Platinum ETNs to Launch on NYSE
By Jon A. Nones
08 May 2008 at 06:24 PM GMT-04:00
http://www.resourceinvestor.com/pebble.asp?relid=42638
SEATTLE (ResourceInvestor.com) -- U.S. investors large and small will soon have an alternative to investing in platinum futures, almost solely traded by large hedge funds and brokerage houses. Two exchange-traded notes, the E-TRACS UBS Long Platinum ETN [NYSE:PTM] and E-TRACS UBS Short Platinum ETN [NYSE:PTD], will launch tomorrow morning, April 9, in New York.
Exchange Traded Notes (ETNs) are not equities or index funds, but they do share several characteristics with those products. They are senior, unsecured, unsubordinated debt securities that are designed to track the total return of a specific market index, less investor fees, and provide investors with exposure to the total returns of various market indices.
The UBS Exchange Traded Access Securities (UBS E-TRACS) platinum ETNs will track multiple maturities of the platinum NYMEX contracts using the UBS Bloomberg CMCI Platinum Total Return Index.
The UBS Bloomberg CMCI Index is composed of a basket of 28 commodity futures with a series of up to 7 different investment maturities for each individual commodity using the calculation of constant maturity forwards.
After their initial offering on Friday, E-TRACS UBS ETNs can be bought and sold through a broker or financial advisor on a U.S. securities exchange, offering individual investors markets and strategies that may not be readily available. The platinum ETNs will be the first U.S.-listed products of their kind.
In Europe, ETF Securities launched three platinum funds offering short, long and double-long exposure. Those include a physical platinum fund, which is backed by the metal itself, and two exchange-traded note products, backed by futures contracts. Zurich Cantonal Bank also offers a physical platinum fund, traded on the SWX Swiss Exchange.
In November 2006, the market was flooded with rumours that a physical platinum-backed ETF was soon to hit the U.S. market, sending platinum prices up 20% in one month. Fingers were pointed at Barclays Global Investors (BGI), the firm that launched the world's first silver-backed ETF iShares Silver Trust [AMEX:SLV].
However, Barclays’ spokeswomen, Christine Hudacko told Resource Investor at the time that it would not come from them. She said BGI had not filed any regulatory documents relating to a publicly-traded platinum trust and “has no immediate plans to do so.”
Even just speculation of a U.S.-listed platinum-backed ETF faced heated opposition from the platinum end-use industry, mostly automotive companies, concerned that a platinum ETF would squeeze the market and send prices too high for industrial needs.
In a recent commentary, Tom Lydon, proprietor of ETFtrends.com, cited Kevin Rich, CEO of DB Commodity Services, to help to explain why it would be very difficult to launch a platinum-backed ETF in the U.S.
“[Platinum] is not liquid enough to support an ETF,” said Rich. “There are not enough players transacting it.”
Rich said the last thing anyone would want is for a fund to take money in but find that it couldn't buy the underlying asset. The Commodity Futures Trading Commission (CFTC) is careful to make sure that trading activity doesn't lead to a situation in which investors corner the market.
“When you bring in an ETF, you make sure the supply and demand of the commodity are still driving the market,” Rich says.
In April, GFMS said in its Platinum and Palladium Survey 2008 that the platinum deficit was about 397,000 ounces last year. In 2008, the company expects production to decline a further 100,000 ounces due to power shortages in South Africa, but demand in jewellery and autocatalysts to ease, possibly balancing the market.
The VM Group reported in its fourth issue of The White Book that the platinum market will remain in a deficit of 360,800 ounces in 2008, although down from 412,400 ounces in 2007, as mine supply continues to fall offsetting any drop in demand.
However, ETF demand in platinum is expected to set new records, with an additional 300,000 ounces of platinum in 2008, according to VM Group. Platinum ETFs attracted inflows of 194,000 ounces in 2007, after being launched in April.
So far this year, ETFs have bought up another 180,000 ounces. As of mid-April, ETF Securities physical fund held nearly 340,000 ounces, while Zurich Cantonal Bank’s platinum fund held about 43,250 ounces.
The E-TRACS UBS, on the other hand, will not have any immediate effect on the supply and demand fundamentals of platinum since they are based on futures contracts, which are usually rolled over or settled with cash.
Platinum futures soared 34% in the first quarter and reached a record $2,308.80 an ounce on March 4, largely due to a falling dollar and supply concerns in South Africa, which supplies about 2/3 of the world’s platinum, due to power shortages.
Most-active futures have risen 52% in the past year, up 33% in 2007 alone, and 8.5% in the past five sessions. The dollar dropped 8.3% on the index last year, contributing to the rise.
July platinum futures surged $73.30 to $2,042.30 per troy ounce on the New York Mercantile Exchange today after the dollar fell 0.4% against a basket of six major currencies.
The North American Minor Metals Market in the Age of Minor Metals
By Jack Lifton
08 May 2008 at 03:21 PM GMT-04:00
http://www.resourceinvestor.com/pebble.asp?relid=42629
DETRIOT (ResourceInvestor.com) -- We can wait no longer to publicly address the impending minor metals crisis in the North American market.
The term “minor metals” is an anachronism for those metals, for which prior to the Second World War, there were no significant industrial uses. The rapid advance of technology since 1939 has transformed our civilization irreversibly and made so thoroughly obsolete the original meaning of the term “minor metals” that I am confident that our time will one day soon be referred to as “The Age of Minor Metals.”
The significance of the current North American minor metals market is that it is on a path to global insignificance, and that, the cause of this is almost entirely political, not technological. Notwithstanding the facts that, since the end of the Second World War, in particular, the technologies for exploring, extracting and refining energy minerals and metal ores have improved exponentially both in production efficiency, allowing the economical recovery of lower and lower grade natural resources. And, in ever lessening environmental impact, the knee-jerk core of the American activist political community has declared all such activities evil per se and will not accept or even hear anything of the positive effect on drilling and mining of the very same scientific progress, which they claim to worship when it manifests itself as stem-cell research, lithium-ion battery systems development, carbon sequestration or global warming. All of which have now become, literally, the received doctrine of the church of environmentalism, revealed, even though not one of these technologies or theories has shown, or has been shown to have, any practical result.
The anti-mining bias of political environmental activism has now forced the North American minor metals market into a crisis of supply. The once largely, and practically, self sufficient American natural resources production industry has been decimated in the case of metals and reduced to less than half of its former production in the case of gas and oil.
Below is a graph prepared and published by the U.S. National Academies, the scientific and engineering research arm of the U.S. Congress, after it held several meetings of a group convened to study “Critical Metals for US Industry” in 2007. It is evidence of how close North America is to a minor metals supply crisis, because it measures the impact of either a restriction or a cutoff of supply of the identified critical metals on the ability of U.S. OEM industry to continue to function without them!
This graph was published in October, 2007. In January, 2008, the People’s Republic of China announced a reduction of up to half of its export of rare earth metals, of which the PRC now supplies 100% of the global demand.
The Minor Metals Age Impact of Restricted Supply on NA Industry
North American demand for minor metals, for use in domestic manufacturing, is slowly, but surely, declining, as the domestic supplies dwindle and vanish due to the lack of interest by mining companies in speculating on whether or not they will get operating permits in the face of activist environmental opposition in the U.S. or whether they will get financing in the face of political/environmental opposition as well as the growing credit crisis. End users of minor metals in North America have been steadily moving their actual manufacturing off shore, mainly to Asia, for more than a decade to take advantage not only of low labour costs but, increasingly importantly, of access to minor metals.
Chinese labour costs, the value of the Chinese renimbi versus the dollar and shipping rates have all been rising, and so the politicians and the economists at the very same American companies that sang the song of outsourcing are now singing of ‘insourcing’. Soon they say the low labour cost centres in American such as Michigan’s Saginaw Valley, the birthplace of both GM and the UAW, will see manufacturing operations return to take advantage of the low labour rates, the cheap dollar and the savings on shipping costs.
This is of course, salary and, believe it or not, bonus saving, stuff and nonsense. The failure of American industry and financial institutions to create and implement long term strategies to minimize the risk of both price and availability of minor metals means, in the simplest terms, that strategic manufacturing critically dependent on an ever growing list of minor metals will stay wherever there are supplies of such metals that are available.
This situation did not just now come about. Look at the chart below, courtesy of Great Western Minerals Group [TSX-V:GWG] and the United States Geological Survey.
As an example of what the above chart and the previous graph demonstrate note that in 1994 the U.S. was self sufficient in rare earth metals, and it produced 34% of the global demand for those minor metals. Today the U.S. produces no rare earth metals, but it uses either in domestic manufacturing or in outsourced manufacturing in China 16% of the world’s production of rare earth metals, 20,000 tonnes, all of which are supplied at the moment by Chinese domestic producers. So we have the situation today where, when the U.S. was totally self reliant for a critical mineral commodity, rare earth metals, in 1994, it is today 100% reliant on imports for supplies of that critical commodity and it is 100% reliant on just one exporter, the PRC, for those imports.
North America, as the graph and chart above show, is in danger of a minor metal supply crisis anytime that the domestic demands for those minor metals, in the countries of their production, rise to a level matching the supply of the minor metal.
Now look at the following chart of the fundamentals of the rare earth metals from 2000 through 2012, Courtesy of GWG and Dudley Kingsnord, neither of which is responsible for the title I have put over the chart.
If the above chart (projection) is correct then Chinese domestic demand for rare earth metals will exceed its, and the global, supply in early 2012, just four years from now.
Unless North American businessmen wake up right now and make long term provisions in the form of full finance for minor metals production in North America then those North American industries that critically depend on rare earth metals will shut down for good beginning in 2012, and make today’s recession look like a minor correction.
Perhaps we should also mention the critical minor metals on the first graph above, the restriction or elimination of the supply of which will shut down the North American OEM automotive, aerospace, and electronic industries.
The philosopher, Ludwig Wittgenstein, famously said “Whereof we cannot speak thereof we must remain silent.” Our political elites have made this dictum cover the domestic production of minor metals. As the philosopher/comedienne, Joan Rivers, might counter, “Can we talk?” To which I will finally add: “Before it is too late!”
Ni-Cu-PGE mineralization discovered on PFN's Tonsina Property
Monday May 5, 8:00 am ET
VANCOUVER, May 5 /CNW/ - Pacific North West Capital Corp. is pleased to announce the results from the 2007 exploration program conducted at its 100% controlled Tonsina Property located in Southcentral Alaska. Outcrop sampling and mapping completed in September has defined a drill ready nickel, copper, and platinum group element target.
Highlights from the 2007 exploration program include:
- Chromite bearing outcrop grab samples contain up to 2.3g/t platinum and 1.6g/t palladium
- Chip channel samples of chromite and sulfide bearing outcrop contain up to 0.86g/t platinum and 1.1g/t, palladium over a 2 meter interval
- Sulfide bearing outcrop grab samples contain up to 0.97% nickel and 0.58% copper
- Chip channel samples of sulfide bearing outcrop contain up to 0.75% nickel over a 2 meter interval
The 7,360 acre Tonsina Property is centered on Sheep Hill in the northeastern Chugach Mountains only 8 km east of the paved Richardson Highway and approximately 80 road miles north east of the all-weather port of Valdez.
To view image click on the link:
http://www.pfncapital.com/i/misc/050508image.jpg
This photo displays typical Sheep Hill nickel, copper, platinum group element mineralization which consists of sulfides (brassy color blebs) and chromite hosted in partially serpentinized ultramafic rocks (charcoal colored foreground). Two samples collected from this outcrop returned values of 0.39% Ni, 0.19% Cu, 616ppb Pt, 856ppb Pd, and 0.49% Ni, 0.25% Cu, 574ppb Pt, 856ppb Pd.
Nickel, copper, and platinum group element mineralization is hosted in dunite and lherzolite within the Tonsina Ultramafic Complex. The mineralized rock units comprise a north dipping magmatic layer. Sulfide and chromite mineralization within this layer define a distinct horizon (reef) up to 30 meters thick that has been mapped and sampled over a strike distance of 900 meters. The mineralized unit extends under cover to the north and west and is truncated to the east by a high angle fault with unknown displacement. This exploration success illustrates the potential for reef style nickel, copper and platinum group element mineralization in other magmatic layers of the Tonsina Ultramafic Complex.
A continuous chip channel sampling program was designed to cross the mineralized horizon and test the vertical extent of the exposed mineralization. Results indicate that copper and nickel correlate with sulfur, and that platinum group elements correlate with chromium. High grade metal anomalies extend over several meter intervals: 44-50 meters - 6 meter interval grading 0.8g/t platinum and 1g/t palladium, and 62-74 meters - 12 meter interval grading 0.59% nickel. The apparent dip of the sulfide horizon at TOC0717 is 67.35degrees, the slope at TOC0717 is 33.69degrees, therefore the true thickness of the 2 m samples is 1.975 m.
[continued in following link]
http://biz.yahoo.com/cnw/080505/pfncapital_tonsina.html?.v=1
Stock's a bargain @ this level.
Easy double from here within a year if not sooner.
imo
Their PP a month ago was @ .50!
March 31, 2008 - 3:14 PM EDT
Pacific North West Capital Closes $3,350,000 Private Placement
VANCOUVER, March 31 /PRNewswire-FirstCall/ - Pacific North West Capital Corp. (TSX: PFN, OTCBB: PAWEF, Frankfurt: P7J) (the 'Company') announces that further to its news release dated March 17, 2008, the Company is pleased to announce that it has completed its non-brokered private placement and has issued 6,000,000 flow-through units at a price of $0.50 per unit for gross proceeds of $3,000,000. Each unit consisted 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 entitles the holder to purchase one additional non flow-through common share for a period of twelve months from the closing date at a price of $0.60 per warrant share.
In addition, the Company has also issued 700,000 units to Stillwater Mining Company at a purchase price of $0.50 per unit for gross proceeds of $350,000. Each unit consisted of one common share in the capital of the Company and one-half of one non-transferable share purchase warrant. Each whole Warrant entitles the holder to purchase one additional common share for a period of twelve months from the closing date at a price of $0.60 per warrant share.
The proceeds of the private placement received from the sale of the flow-through shares will be used for drilling and exploration on the Company's PGM and Nickel projects in Canada.
In connection with this closing, the Company has paid an aggregate of $75,000 and has issued 210,000 common shares and 300,000 share purchase warrants as a finder's fee. Each whole warrant entitles the holder to purchase one additional common share for a period of twelve months from the date of closing at a price of $0.60 per warrant share.
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 August 1, 2008.
About Pacific North West Capital Corp.
--------------------------------------
futrcash
Platinum Defies Forecasts to Slip Lower With Gold
By Charlotte Mathews
29 Apr 2008 at 11:00 AM GMT-04:00
http://www.resourceinvestor.com/pebble.asp?relid=42334
JOHANNESBURG (Business Day) -- Platinum tracked gold lower to record a 6% fall last week to $1,933/oz, despite various forecasts of a bigger platinum deficit this year than last year because of disruptions to South African production.
Weaker platinum and gold prices reflected a strengthening dollar on expectations that the U.S. Federal Reserve would stop cutting U.S. interest rates after positive first-quarter earnings reports from U.S. companies and positive labour market data.
Traders said there were signs that global market confidence was returning after fears of a financial meltdown with the U.S. subprime mortgage crisis.
Global risk aversion encourages investors to flee to safe-haven assets such as precious metals. But the prices of platinum and palladium are also determined by demand and supply, and operating difficulties in South Afriica, which accounts for 75% of global production, have caused price volatility this year.
Independent researchers GFMS said in its report on the platinum market last week that global production of platinum last year was 6.5 million ounces. Of this, South Africa accounted for 5.07 million ounces, a drop of 370,000 ounces on 2006 production. GFMS said Anglo Platinum [JSE:AMS], Lonmin [LSE:LMI] and Northam [JSE:NHM] had the biggest falls in production.
Anglo American [Nasdaq:AAUK; LSE:AAL; JSE:AGL] CEO Cynthia Carroll said last week subsidiary Angloplat's production could fall 150,000 ounces this year because of South Africa's power crisis. Last year Angloplat took the drastic step of halting production on a rolling basis at its flagship Rustenburg operations to retrain workers in safety after a series of fatalities.
A spike in fatalities last year at all South African mines, but especially deep-level gold and platinum, caused temporary stoppages.
In its quarterly review and production report for the period January 1 2008 to March 31, 2008, the company said that the “ongoing impact of the constrained electricity supply is expected to continue to have some impact on production and expansion projects throughout 2008.” The full extent of the impact could not be estimated “with reasonable accuracy at present.”
Anglo Platinum said equivalent refined platinum production from the mines managed by Anglo Platinum and its joint venture partners for the first quarter of 2008 were 517,500 ounces. This was a decrease of 19% when compared to the first quarter in 2007.
Last week, Lonmin, the world's third-biggest platinum producer, said March quarter platinum production was 17% down on the December quarter's, and cut its full-year production forecast to 775,000 ounces from 860,000 ounces. The group warned that it might not meet the revised target if there was a deterioration in electricity supply or more safety-related stoppages.
Aquarius Platinum reported platinum production fell 19% in the March quarter because of power supply and industrial relations issues as well as a switch to owner-operated mining at its Everest mine. It expected a fourth-quarter improvement and for the full year production would be similar to last year's, at 520,000-530,000 ounces.
Northam Platinum said in its interim results commentary in February it expected production in the second half to be similar to the first half's, when it dropped year on year by 16.5% to 150,755 ounces.
Impala Platinum [JSE:IMP] said at the interim stage it expected its production loss due to electricity cuts to be limited to 20,000 ounces this financial year.
Bloomberg reported Barclays Capital forecast platinum would average $2,100/oz in this quarter. It said South Africa's producers were still vulnerable to production disruptions caused by power outages and safety-related closures.
GFMS director Paul Walker said on Thursday he suspected demand for platinum from the automotive exhaust catalyst and jewellery sectors would fall more than expected this year in response to lower production. That would limit the market deficit, and perhaps even result in a surplus. With Sapa.
Supply Shocks, Electric Shocks, Low Stocks and the Platinum Price
By Jackie Steinitz
24 Apr 2008 at 05:33 PM GMT-04:00
http://www.resourceinvestor.com/pebble.asp?relid=42213
Sounds like One H*ll of a Resource,and when Confirmed...
should establish LOTS of Value in this company!
futrcash
Pacific North West Capital Completes VTEM Geophysical Survey Over Nickel Plats Project, Saskatchewan
Thursday April 17, 8:00 am ET
http://biz.yahoo.com/cnw/080417/pacific_north_west.html?.v=1
VANCOUVER, April 17 /CNW/ - Pacific North West Capital Corp. (TSX: PFN OTCBB: PAWEF Frankfurt: P7J) is pleased to advise that a 2284 kilometre Geotech Ltd., helicopter-borne VTEM (Versatile Time Domain Electromagnetic) geophysical survey has been completed over the Nickel Plats mineral claim holdings in Saskatchewan.
The property is situated 72 kilometres north-east of the town of La Ronge, SK. The survey results will define the geophysical signature of the gabbro intrusive, and the Gochagar Nickel-Copper occurrence. The area of the occurrence has been previously tested with 88 diamond drill holes by Scurry Rainbow in the 1960's, and by Flanagan, McAdam and Company (McNickel Inc.) in the late 1980's early 1990's. The Saskatchewan mineral deposits index reports a Northern Miner Magazine release (04/11/1989) indicating a non compliant national instrument 43-101 "resource" of 1,700,000 tons grading 0.74% combined Nickel and Copper. The mineralization occurs as massive pods, disseminated blebs and fracture fillings within the gabbro. The mineral deposits index cites historical samples analysis results of up to 3.92% Nickel, 0.07% Copper and 2.86% Cobalt.
The resource referred to above is historical in nature, and was compiled before NI 43-101. PFN has not independently analyzed the results of the previous exploration therefore; the historical results should not be relied upon. PFN believes this historical resource provides an indication of a mineralized system within the property that is relevant to ongoing exploration.
Future work within the property will be directed to define, and expand a mineral resource to NI 43-101 standards.
About Pacific North West Capital Corp.
Pacific North West Capital Corp. is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a 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, First Nickel, Benton Resources and SOQUEM.
The company has over $11 million in working capital and securities.
The Qualified Person for this release is David Powers, H.BSc, P. Geo, VP Project Development, Pacific North West Capital Corp.
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 European Gold Forum
Monday April 7, 8:00 am ET
http://biz.yahoo.com/cnw/080407/pfn_europeangoldforum.html?.v=1
VANCOUVER, April 7 /CNW/ - Pacific North West Capital Corp. (PFN: TSX; PAWEF: OTC BB; P7J: FF) is pleased to announce that it has been selected to attend the Denver Gold Group's European Gold Forum as a "Junior Exploration" company held on April 8 to 11. 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 Wednesday, April 9 from 5:30 to 7 p.m. at the Hotel Baur au Lac, Zurich, Switzerland.
About Pacific North West Capital Corp.
--------------------------------------
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a 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, First Nickel, Benton Resources and SOQUEM.
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 Corp.
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.
A Deep Penetrating UTEM Geophysical Program is Underway over the West Timmins Nickel Project, Ontario
Tuesday April 1, 8:00 am ET
VANCOUVER, April 1 /CNW/ - Pacific North West Capital Corp. (PFN) (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News) In a continuing program to evaluate the Montcalm Intrusive, a deep penetrating UTEM survey will begin shortly over 180 kilometers of recently cut grids. The objective is to develop diamond drill targets south of the Montcalm Ni-Cu Mine (see map). The survey covers a complex sequence of mafic and ultramafic intrusive rocks which the joint venture believes is conducive to hosting magmatic Ni-Cu deposits. This area of the property has not been thoroughly evaluated in the past. The planned $400,000 geophysical program, managed by PFN, will be shared on a 50:50 basis with Xstrata Nickel. To ensure the evaluation of this highly regarded target area is completed as quickly as possible, selected priority ranked conductors will be diamond drill tested by year end.
Phase II Drill Summery:
-----------------------
Pacific North West Capital Corp. has completed the 2007 Phase II diamond drill program on its West Timmins Nickel property. This program consisted of four diamond drill holes (1058 metres) testing Pulse EM targets with coincident high magnetic response south of Xstrata's Montcalm Mine as well as airborne conductors to the northwest end of the property with coincident geochemical metal anomalies over conductors. The four drill hole locations are indicated on the attached map.
Disseminated sulphides were intersected in 3 of the 4 holes with anomalous copper and nickel assay values over narrow widths (see Table). All analysis from the drill program were carried out by Accurassay Laboratories located in Thunder Bay, Ontario.
[continued in following link]
http://biz.yahoo.com/cnw/080401/pacific_north_utem_on.html?.v=1
Pacific North West Capital Closes $3,350,000 Private Placement
Monday March 31, 3:14 pm ET
http://biz.yahoo.com/prnews/080331/to245.html?.v=65
VANCOUVER, March 31 /PRNewswire-FirstCall/ - Pacific North West Capital Corp. (TSX: PFN, OTCBB: PAWEF, Frankfurt: P7J) (the "Company") announces that further to its news release dated March 17, 2008, the Company is pleased to announce that it has completed its non-brokered private placement and has issued 6,000,000 flow-through units at a price of $0.50 per unit for gross proceeds of $3,000,000. Each unit consisted 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 entitles the holder to purchase one additional non flow-through common share for a period of twelve months from the closing date at a price of $0.60 per warrant share.
In addition, the Company has also issued 700,000 units to Stillwater Mining Company at a purchase price of $0.50 per unit for gross proceeds of $350,000. Each unit consisted of one common share in the capital of the Company and one-half of one non-transferable share purchase warrant. Each whole Warrant entitles the holder to purchase one additional common share for a period of twelve months from the closing date at a price of $0.60 per warrant share.
The proceeds of the private placement received from the sale of the flow-through shares will be used for drilling and exploration on the Company's PGM and Nickel projects in Canada.
In connection with this closing, the Company has paid an aggregate of $75,000 and has issued 210,000 common shares and 300,000 share purchase warrants as a finder's fee. Each whole warrant entitles the holder to purchase one additional common share for a period of twelve months from the date of closing at a price of $0.60 per warrant share.
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 August 1, 2008.
About Pacific North West Capital Corp.
--------------------------------------
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a 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, First Nickel, Benton Resources and SOQUEM.
The Company has over $11 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.
CONTACT: 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. - $3,500,000 Non Brokered Private Placement
Monday March 17, 4:15 pm ET
http://biz.yahoo.com/cnw/080317/pacific_nw_priv_plmnt.html?.v=1
VANCOUVER, March 17 /CNW/ - Pacific North West Capital Corp. (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News). Pacific North West Capital Corp. (the "Company") wishes to announce the following:
A non-brokered private placement of up to 6,000,000 flow-through units at a price of $0.50 per unit for gross proceeds of up to $3,000,000. Each unit will consist of one flow-through 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 $0.60 per share.
The proceeds of the private placement received from the sale of the flow-through shares will be used for drilling and exploration on the Company's PGM and Nickel projects in Saskatchewan, Ontario, NWT and Quebec.
A non-brokered private placement of up to 1,000,000 units at a purchase price of $0.50 per unit for gross proceeds of up to $500,000. 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 twelve 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 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 mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a 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, First Nickel, Benton Resources and SOQUEM.
PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America.
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.
Quantum's Jim Rogers says US 'out of control'
Leo Lewis, Asia Business Correspondent
Jim Rogers - who co-founded the now closed Quantum Fund
with George Soros - told 750 global fund managers in Tokyo
today that, America is "completely out of control",
there will be a 20-year bull market in commodities
and that prices will be in turmoil.
And he also warned that it "made sense" if global
competition for resources ended in armed conflict.
Mr Rogers told delegates to the CLSA investment forum that
the prices of all agricultural products would "explode"
in coming years and that the price of gold, which hit an
all-time high of $964 an ounce yesterday, will continue
its surge to as much as $3,500 an ounce.
Gold would continue to rise, the analyst Christopher Wood
told fund managers, "because it is the exact opposite of
a structured finance product".
In a blistering attack on US monetary policy and the
"helicopter cash drop" responses of the Federal Reserve,
Mr Rogers described the American dollar as a
"terribly flawed currency".
http://business.timesonline.co.uk/tol/business/economics/article3451136.ece
Pacific North West Capital Acquires New PGM Project in the Coldwell Complex, Ontario
Tuesday March 11, 8:00 am ET
http://biz.yahoo.com/cnw/080311/pacific_north_west.html?.v=1
<< - Acquisition Complete for the Michano PGM Project in the Coldwell Complex - The Coldwell Complex is the largest composite alkaline intrusive complex in North America - 3,100 line kilometre VETM airborne survey is complete >>
VANCOUVER, March 11 /CNW/ - Pacific North West Capital Corp. (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News). Pacific North West Capital is pleased to announce that it has completed the acquisition of a NEW PGM project in the south west contact of the Alkaline Coldwell Intrusive. The Coldwell Complex hosts a number of Platinum Group Elements (PGE) and copper showings and occurrences. The project is composed of nine claims (122 units) and has been designated as Part of the Coldwell PGM Project. The Project is 100% owned by PFN and is 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.
To view map image click on the link:
http://www.pfncapital.com/s/NewsReleases.asp?ReportID=290387
A 3,100 line kilometre VETM airborne survey was flown by Geothech Limited of Aurora, Ontario to enhance and better define mineralized zones and structures of the Coldwell Complex. The Michano Project contains copper showings up to 0.75% and nickel showings up to 0.35% with anomalous platinum (200ppb), gold (400ppb), chromium (0.11%), and titanium (5.39%) in the vicinity along the Coldwell contact, in a similar geologic environment to the Marathon PGM deposit.
An extensive oxide (magnetite) gabbro unit in contact with the copper showing has not been evaluated for PGE mineralization, and this is an environment in which Marathon PGM and Benton have identified PGE values to the east and northeast parts of the Coldwell. This is a showing that has seen limited exploration over the past number of years and is contiguous with PFN's claims along the West side of the Coldwell.
Numerous sulphide showings containing lead, zinc and silver have been identified immediately west of the Coldwell contact in mafic volcanics. Lake bottom sediment sampling results in two different surveys have returned distinctly anomalous palladium (10.3ppb), platinum (3.9ppb), copper (331ppm), and chromium (40ppm) values in the immediate vicinity of the copper showing along the Coldwell contact.
The Coldwell hosts Marathon PGM Corporation PGE deposit of a NI 43-101 Measured and Indicated resource of 81.4 million tonnes at 0.86gpt palladium, 0.26gpt platinum, 0.09gpt gold, and 0.29% copper on the eastern contact of the Coldwell Intrusive as well as the Benton PGE Bamoos occurrence (drill intersections of 1.74gpt (3E (Pt,Pd,Au) with 0.28% Cu over 29.3m) (See Marathon PGM Corporation's press release dated November 29, 2007).
About Pacific North West Capital Corp.
--------------------------------------
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a 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, First Nickel, Benton Resources and SOQUEM.
PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America.
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: 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. & SOQUEM Agree to Phase III PGM Budget
Wednesday February 27, 9:28 am ET
http://biz.yahoo.com/cnw/080227/pfn_soquem_pgm_budget.html?.v=1
Evaluations of conductors associated with mafic intrusives on the Cheneville claim group have been completed - A $370,000 Phase III program to evaluate PGM targets in the Taureau Project area (AMI) has been approved for 2008
TSX: PFN OTCBB: PAWEF Frankfurt: P7J
VANCOUVER, Feb. 27 /CNW/ - Pacific North West Capital Corp. (PFN) (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News) - is pleased to announce that it has received a final report for the 2007 work on the new Cheneville claim group in the Province of Québec, over conductive trends defined by an airborne EM and magnetic survey. A new sulphide mineralized showing associated with a mafic intrusion has been identified on the property approximately 18 kilometres west of the original Cheneville showing (average 1.17gpt Pd, 0.14gpt Pt, 0.29gpt Au, 1.62 Cu, and 0.35% Ni). Additional work in 2008 will be required to determine the extent and grades of this new occurrence. This is part of a cooperation agreement with SOQUEM INC., a company devoted to mineral exploration in the Province of Québec.
The Taureau reconnaissance program continued to evaluate mafic intrusions for PGM mineralization in a defined Area of Mutual Interest (AMI) within the Grenville Province of Québec during 2007 (phase 2). A $370,000 Phase III program has been recommended and approved to complete the evaluations of the originally identified mafic intrusions in the AMI.
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.
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 within the AMI.
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 Québec. 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 OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a 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, First Nickel, Benton Resources and SOQUEM.
PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America.
Pacific North West Capital Corp. 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 Corp.
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.
Harry Barr Puts Pacific North West Capital At The Forefront Of PGM Exploration In Canada
By Charles Wyatt
02 25 08
www.Minesite.com
[INFORMATION PROVIDED BY PACIFIC NORTH WEST]
Hardly surprising that Canadian listed Pacific North West Capital has decided to switch its focus back onto platinum group metals. Recently it appeared that nickel might take up the running, but now that platinum has broken through the US$2,000 per ounce barrier and palladium is pushing up towards US$500 per ounce - both a long way north of where they were in 2005 and 2006 - there is not much choice.
Ironically, Anglo Platinum is the company's joint venture partner at the River Valley project near Sudbury in Ontario and poor old Anglo Platinum has just had to announce that it will lose around 150,000 ounces of platinum production this year due to power shortages in South Africa. As this amounts to 2.25 per cent of total world production it is little wonder that the metal price has gone into orbit. Not that this trend will be without setbacks. There was evidence of profit taking earlier in the week, while the imposition of clearing margin deposits by the Tokyo Commodity Exchange after an increase in price volatility, is also taking a toll.
Metals prices have to be viewed over a year or two to discern underlying trends, so it is interesting to read Rio Tinto's views, particularly those pertaining to North America. Vivek Tulpulé, its chief economist, writes, "it is arguable that even as negative sentiment in relation to the US economy and credit markets has continued to increase in 2008, the market's perceptions about the fundamentals in most resource markets do not appear to have been much affected." In other words the outlook is still bullish as the US becomes decoupled from the rest of the world. It's also worth bearing in mind that the power problems in South Africa will not be cured in a month or two, or even a year or two. A historic lack of government support and funding means that it will take ten years or more to bring that country's power industry up to scratch.
Anglo Platinum will therefore be redoubling its efforts to find more new sources of platinum group metals, and, as a tried and tested partner Pacific North West Capital is in a strong position to take advantage. The two companies have been working together since 2000. At that time Pacific North West was exploring Agnew Lake, said to be the best preserved of the four large intrusions which comprise the East Bull/River Valley Suite. Agnew Lake is some 60 kilometres west of Sudbury in Ontario, whereas the other key property, River Valley, is a similar distance to the north east. Agnew Lake covers most of the layered Shakespeare-Dunlop mafic intrusion, which is of similar age and composition to that of the River Valley layered intrusion. These days River Valley is making most of the running. The two partners operate on a 50:50 basis, but Anglo Platinum can take its interest up to 60 per cent by taking the project to feasibility and to 65 per cent by taking it to production.
According to Pacific North West's president Harry Barr, a total of US$22 million has been spent on the River Valley project by Anglo Platinum - so it's not playing games. As a result of all this work the current resource in the indicated and inferred categories amounts to 30.5 million tonnes containing 953,900 ounces palladium at an average grade of 0.97grammes per tonne, 325,500 ounces platinum at 0.34 grammes per tonne, and 59,500 ounces of gold at 0.061 grammes pert tonne. Quite modest and not very high grade, but it still has a lot going for it when compared with the Bushveld Complex. Before it was taken over by Impala in a £297m deal last year, Aim-traded African Platinum had resources of around 100 million ounces of platinum group metals, but production was a big ask, entailing sinking twin shafts 1,300 metres to intercept the UG2 reef.
River Valley is a very different proposition. Some high grade zones have already been established and one of the tasks to be carried out this year, according to Harry Barr, is to decide whether these zones can be mined efficiently and whether it would be economically viable to transport the ore direct to a smelter in Sudbury. Cash flow would transform investor perception of the company, and Harry points out that both North American Palladium and Stillwater - the only platinum group metals producers in North America at present - have seen their shares double in recent weeks as metals prices advanced. Two other priorities for 2008 will be to carry out some deeper drilling as far down as 500 metres to test for increasing grade, as well as carrying out more aggressive infill drilling across the property. There is a possibility that the mineralization currently identified may just be the near surface expression of something many times bigger with higher grades and different styles of mineralization.
Mention of Stillwater is appropriate as Pacific North West also has a joint venture with that company at the Goodnews Bay platinum project in Alaska. In the past this area has had a history of placer production, and the partners are now seeking the source rock by drilling targets identified in 2007. Stillwater is due to spend US$4 million by 2010 to earn a 50 per cent interest and can go up to 65 per cent if it arranges finances to take the project into production.
But this isn't the sum total of Pacific North West's involvement in platinum group Metals Exploration. It is also looking for projects elsewhere in Alaska and has recently acquired one on the Coldwell Complex, near Marathon in northern Ontario, on the largest composite alkaline intrusive complex in North America, a complex which has much in common geologically with the Bushveld Complex in South Africa. Last, but not least is the joint venture agreement with SOQUEM to research platinum properties in Quebec.
Harry Barr's strategy to place his company at the forefront of platinum group Metals Exploration in North America is therefore paying off - at an ideal moment. This is true also from a personal viewpoint as he has shed his management responsibilities at CanAlaska Uranium, Freegold Ventures and El Nino Ventures over recent months, and is now free to concentrate on the platinum metals which have long been close to his heart. Pacific North West may be the last play in which the great promoter appears, but it could be the one for which he will be remembered.
Palladium @ $516! & Platinum @ $2,169!! eom
Pacific North West Capital Corp. - Stock Options Granted
Friday February 22, 4:39 pm ET
http://biz.yahoo.com/cnw/080222/pacific_north_options.html?.v=1
TSX: PFN OTCBB: PAWEF Frankfurt: P7J
VANCOUVER, Feb. 22 /CNW/ - Pacific North West Capital Corp. (TSX: PFN; OTCBB: PAWEF, FRANKFURT: P7J) -Pacific North West Capital Corp. (the "Company") has granted 1,200,000 incentive stock options to directors, officers, employees and consultants of the Company at the exercise price of $0.60 per common share for a period of five years, subject to regulatory approval.
About Pacific North West Capital Corp:
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a 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 with no debt.
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.
PAWEF is trending the right way...
futrcash
Platinum fell to $1,905/1,910 an ounce from $1,920/1,925 in New York on Tuesday, when it rallied to a record high of $1,965 on supply concerns in South Africa after a power crisis disrupted mining in the world's main producer.
Japanese platinum futures were also off record highs, with the most active December contract on the Tokyo Commodity Exchange falling 108 yen per gram lower at 6,275 yen.
COMEX's April gold futures fell $7.0 an ounce to $904.1 an ounce.
Palladium fell to $423/427 an ounce from $434/437 an ounce late in New York and off Tuesday's 6-year high of $447 an ounce.
Silver fell to $16.97/17.02 an ounce from $17.13/17.18 in New York -- off Tuesday's 27-year high of $17.60 an ounce. Precious metals prices at 0726 GMT Metal Last Change Pct chg YTD pct chg
futrcash
Pacific North West Capital Corp. and Benton Resources Corp. Sign a Join Venture Agreement to Explore the Swayze Greenstone Belt for Ni-Cu-PGM Mineralization
Tuesday February 12, 8:00 am ET
http://biz.yahoo.com/cnw/080212/pnwcc_benton_venture.html?.v=1
TSX: PFN OTCBB: PAWEF Frankfurt: P7J
VANCOUVER, Feb. 12 /CNW/ - Pacific North West Capital Corp. ("PFN") (TSX: PFN - News) and Benton Resources Corp. (TSX.V : BTC) ("Benton") are pleased to report that they have entered into a Joint Venture (JV) agreement to undertake exploration on the Swayze Nickel Project. The Swayze Joint Venture Project is situated in the Swayze Greenstone Belt, approximately 100km south-west of Timmins, Ontario and incorporates some fifty townships. The Swayze Greenstone Belt represents the western extension of the Abitibi Greenstone Belt, which is the host to numerous ultramafic-hosted Ni deposits including the producing Redstone Mine (Liberty) south of Timmins as well as the newly discovered Golden Chalice Occurrence.
The Swayze Joint Venture Project was initiated by both companies to include each of their property holdings within the project area. These holdings will continue to grow through the staking and optioning of selected properties that have the potential to host nickel, copper, and PGM mineralization within the belt. Exploration programs will be designed to identify and test priority areas within the project boundaries. The Swayze is underlain in several areas by ultramafic flows and intrusions, some of which host historical nickel showings including the Joint Ventures' Tooms Showing which has historically reported 2.5% Ni over 1.6m within a drill intersection of 0.63% Ni over 7.3 metres.
Pacific North West Capital and Benton have entered into a 50% - 50% Joint Venture Agreement whereby both Companies agree to bear all expenditures and participate in a single purpose unincorporated Joint Venture for the purpose of carrying out all mineral exploration for a three year period, totalling a minimum of $1,200,000.
Benton will act as Operator for the project and will be responsible for carrying out all exploration activities.
About Benton Resources Corp:
Benton Resources Corp. is a mineral exploration company listed on the TSX Venture Exchange under the symbol BTC. Benton's aggressive and experienced management team is focused on base and precious group metal exploration. The Company's diverse property portfolio includes Canadian projects which are highly prospective for gold, uranium, platinum, palladium, nickel and copper. The Company currently has approximately $20 million in working capital.
About Pacific North West Capital Corp:
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. 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 $9 million in working capital and securities with no debt.
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.
Agree with your views. We are aligned with a powerful company, so patience will be rewarded here.
sumi
Stillwater and Pacific North West Capital seem to be on to something here.
futrcash
Pacific North West Capital and Stillwater Mining Budget $1 million for Drill Program - Goodnews Platinum Project, Alaska
Thursday February 7, 8:00 am ET
http://biz.yahoo.com/cnw/080207/pfn_1m_drill_program.html?.v=1
- Platinum grades are variable and range up to 2.37g/t
- Phase One - $1,000,000 drill program commencing
- Three prospects have been delineated as drill targets for 2008
VANCOUVER, Feb. 7 /CNW/ - Pacific North West Capital Corp. (PFN) (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News) is pleased to report assay results from the 2007 sampling from the Goodnews Platinum Project JV (GPP). 2007 field activities commenced in June with a six person team collecting 651 grab rock outcrop samples, 26 coarse wash pan concentrate samples, and 110 auger soil samples. The 2007 GPP exploration program has identified numerous areas of lode Pt mineralization in the uplands surrounding the Salmon River drainage. The Goodnews Bay Mine produced 650,000 oz of placer platinum from the Salmon River and its tributaries from 1927 through 1978. During this period the Goodnews Bay Placers was the primary platinum producer in the United States.
Assay results from the 2007 outcrop sampling program range up to 2.3 ppm platinum. Clusters of outcrop samples greater than 100 ppb platinum are located on both Red Mountain and Susie Mountain. Assay results from basal soil samples range from below detection to 432 ppb platinum, with a cluster of samples with greater than 50 ppb platinum located at the SW flank of Susie Mountain.
Based on assay results from 2006-2007 grab rock outcrop samples and basal soil samples, three prospects (Last Chance, Susie West, and Rock Mite) have been delineated as drill targets for the 2008 exploration program. (See map at http://www.pfncapital.com/s/NewsReleases.asp?ReportID(equal sign)285006)
A $1,000,000 exploration budget has been approved for 2008 with the objective to drill one or more established targets and to define additional new platinum mineralization.
Last Chance
-----------
Outcrop grab rock sampling has defined the Last Chance prospect located on Red Mountain at the head of Dowry Creek, a past producing platinum placer deposit. The bedrock platinum anomaly measures 650 meters north - south by 175 meters east - west (Figure 1). The prospect has a vertical exposure of 50 meters with platinum enriched chromium iron (Cr-Fe) oxides outcropping in dunite between elevations of 380 - 430 meters. Platinum grades are variable and range up to 2.27g/t. Within this prospect there are also platinum and palladium enriched magnetite-clinopyroxene veins cutting the dunite. Platinum/palladium ratios are near 1 which clearly differentiates this magnetite in clinopyroxene hosted mineralization from the chromite in dunite hosted mineralization that has much higher platinum/palladium ratios.
Susie West
----------
Assay results from auger sampling conducted on Susie Mountain has defined a platinum anomaly in basal mineral soils derived from clinopyroxene rich rocks. A 50 meter by 100 meter sampling grid has defined a greater than 50 ppb platinum soil anomaly with a teardrop shaped area that measures 200 meters east-west by 35 meters north-south and contains samples that grade up to 432 ppb platinum. This basal soil platinum anomaly is open to the west. Susie Mountain and Red Mountain are a single intrusion that has been dissected by the Salmon River Fault. The Susie Mountain portion of the intrusion is at a lower erosional level. This means that the recently discovered platinum mineralization at the Susie west prospect is hosted in rock equivalent to what has been eroded from Red Mountain to form the Salmon River platinum placer. This discovery on Susie Mountain is very exciting and indicates the potential of the area to host lode mineralization in rocks that correlate to the lode source of the platinum placers on the west side of the Salmon River Fault.
Rock Mite
---------
This drill target is an area of outcropping wehrlite on the southwestern ridge of Susie Mountain. Outcrop grab rock sampling conducted in 2006 identified platinum values up to 334 ppb in veins containing magnetite within the wehrlite. Additional sampling in 2007 has expanded the known surface extent of mineralization to the north and south. Of the twenty outcrop grab rock samples collected in 2007, seven returned platinum values greater than 100 ppb, with a high of 603 ppb. The Rock Mite prospect represents another form of platinum mineralization identified on Susie Mountain in rocks that correlate to the lode source of the platinum placers on the west side of the Salmon River Fault.
Goodnews Platinum Project
PFN and Stillwater Mining Company (Stillwater) (NYSE: SWC - News) are exploring the lode platinum potential of the Goodnews Bay Ultramafic Intrusion, the proposed source for the Salmon River platinum placer deposit. PFN has an agreement with Calista Corp, which controls the subsurface estate surrounding the Salmon River, to explore for and develop a potential lode platinum deposit. An outcrop and basal soil sampling program was conducted in July 2006 and June-July 2007 which resulted in the definition of drill targets at both Red Mountain and Susie Mountain.
Under the terms of the Option Agreement, by spending $4 million Stillwater is entitled to earn a 50% interest in GPP 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.
The GPP option agreement was approved by Calista Corporation in December 2007. Calista Corporation is the second largest landowner 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 (14.8 million ounces Measured and Indicated and 13.6 million ounces Inferred). For more information about Calista visit their website www.calistacorp.com.
Stillwater Mining Company - Strategic Shareholder
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.
About Pacific North West Capital Corp.
--------------------------------------
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a 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.
PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America.
Pacific North West Capital Corp. has approximately $9 million in working capital and securities.
The Qualified Person for this release is Curt Freeman, M.Sc. P.Geo.
On behalf of the Board of Directors
(signed)
Harry Barr
President & C.E.O.
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.
Are Minor Metals the True 21st Century Hard (Metal) Assets?
By Jack Lifton
24 Jan 2008 at 02:42 PM GMT-05:00
http://www.resourceinvestor.com/pebble.asp?relid=39820
DETROIT (ResourceInvestor.com) -- The rollercoaster ride of the U.S. and global stock markets this week has so far been remarkable, but it does not seem to be happening to our favourite asset class of commodity metals - in particular with the so-called precious, exchange-traded metals. The prices of gold and silver have not varied inversely in step with the large daily market swings as speculators had predicted that they certainly would, and, in fact, the prices of these “precious” metals have seemed to be following the market, or “fiat,” value of the U.S. dollar as simple stores of value rather than reflecting growth potential. Gold is starting to act as a “flight to quality” type of relatively low but sure return investment.
The same thing seems to be happening with copper and even more so with platinum, which, with the others, used to be called the “coinage metals.” Prior to the rise of the need to generate and distribute electricity, the largest use for copper was in coinage, where the relatively low intrinsic value of copper, as values for metals went, allowed it to be used for low denomination but high mintage coins.
Ironically, Imperial Russia in the 1830s, which had then discovered that it had access to large amounts of the newly “discovered” metals, platinum and palladium, actually coined platinum rubles for a time in an attempt to create a “fiat” ruble; i.e., the platinum ruble was to be a ruble because the Czar said it was. The attempt was a flop, and by the time almost a century later that Louis Tiffany popularized platinum settings for diamonds and began marketing platinum as a “precious metal,” the Czar’s government had lost its interest in the metal altogether.
Those investors who want a “store of value” should for the time being stick to gold, and they probably won’t lose any value in today’s hard currencies, and they will be tricked and soothed into believing that the price of gold is going up if they only look at its U.S. dollar price. Investors, however, who want to speculate in the rise of value of hard assets, I believe, need to change their thinking and to revise a definition.
For most of the last 26 centuries almost all of the world has followed the lead of the ancient Greek city states of the Aegean Sea region and made it a state monopoly to issue specified weights of certain metals: first gold and silver alloys; and then, as metallurgy improved, gold and silver individually; and then copper and copper alloys, as mediums of exchange with intrinsic value. Note that the money changers in the Temple courtyard whose tables were overthrown were not Wall Street bankers; they were men who claimed to know the true weight of Athenian silver “Owls” and would give you the equivalent in weights of silver, gold or copper metals, minus a fee of course, in the coins of Rome or Judea.
This system survived, more or less intact, until the early 20th century when the first industrial revolution swept out of Europe to America and slowly thereafter to the rest of the world. The significance of the rapid spread of the industrial revolution was that the need for money overwhelmed the supplies of gold and silver, so that fiat currency came into the ascendant. The world’s most prominent grouping, the British Empire, went off the gold standard after the disastrous disruption of the world economy called the Great War. The United States, the actual world’s richest individual nation, went exuberantly into its “Roaring Twenties” and then crashed into a massive deflation and also went off the gold standard.
All of these events were three generations ago, and today we all take it for granted that the central banks of the U.S. and Europe, as well as of Asia, exist solely to regulate money supplies. Gold bugs make me laugh when they talk about the supply of gold being affected by a European central bank selling a few hundred tonnes; they do not want to see that central banks are not creating money by selling gold. They are raising money in place of a non-monetary asset which may have appreciated or may be losing its value. The supply of gold is today the newly mined gold produced annually in the world. Since no one “needs” this gold either for industrial purposes or to back their currency, it is more and more impossible to speak of a demand for gold as any different from the demand for jewellery - which is elastic, to say the least.
Please now glance at the chart below, from the Wall Street Journal, 6 January 2008 edition:
Let me re-iterate that although they were for a very long time items of intrinsic value which had been monetized so that not accepting them in exchange for goods in the market place was a crime, in the 21st century, however, gold and silver, or, at least, gold have become stores of value while a new paradigm has entered the hard assets arena: A hard metal asset is now one which has a strategic or critical value to industry. Most of the world’s new “hard” currencies, such as the Canadian dollar, the Australian dollar and the Chinese Yuan, are in fact resource-based, and the difference in acceptance between them and the non-resource based American dollar is becoming more favourable to the resource based currencies daily. That is one of the things that the chart above tells us.
The differences - strategic or critical or both - for metals are an important distinction, which investors must note, so here are some working definitions:
A strategic metal is one that gives an item manufactured from it the most value for the least cost; it may be substituted with a cheaper metal only when the total economic cost of the substitution is less. For example, during World War II, when a huge amount of electrical wiring was needed for the Hanford Washington Facility being built to separate fissionable material for weapons, the Manhattan Project was confronted with a crisis; copper, as brass, was critical to the war effort; small arms ammunition as well as some larger calibre types, could only be produced efficiently in the volumes needed from brass. Therefore the Manhattan Project requisitioned thousands of tonnes of silver, a better electrical conductor when pure than copper, but useless in building ammunition (pace: The Lone Ranger), and proving useless in wartime. The silver was returned to the treasury after the war as Hanford was rewired with a small portion of the huge immediate post-war beating of swords into ploughshares, cars, refrigerators, radios, household plumbing and electric wire for all those new appliances and homes and cars. Note that when the dollar fell to the point that the cost of the silver in a coin exceeded the stated denomination of the coin, silver vanished forever from American circulating coinage for which its value would need to fixed against that of the dollar (1964).
A critical metal is simply one without which an industrial process cannot today function, and which is or can be made available in sufficient quantity so that it can be used commercially, and for which no economical substitute today exists. For example, rhodium is critical to the reduction of acid forming nitrogen oxides to harmless nitrogen in automotive emission control catalytic converters. Another example is indium. In the form of indium tin oxide, it is the best and it is universally used to make the transparent conductive film which allows flat screen LCDs to function. The National Academies, in two reports discussed by me on this website last October (found here and here), named the critical metals for American industry and America’s 21st century military. These reports, plus some critical commentary, some of it by me on Resource Investor, make required reading for serious long-term investors in metals and minerals.
“The times, they are a changin’,” Bob Dylan sang, and he was and is right, not only about civil rights but also about economics.
The precious metals of our time are not those of the past - no matter how long and glorious a past it may have been. The precious metals of our time are the so-called minor metals that are strategic and critical to our industrial civilization and our standard of living.
Iron is not a precious metal or a critical metal, but it is a strategic metal. Its rising price in the 21st century is due to the fact that existing supply cannot keep up with growing demand. There is plenty of economically accessible iron ore, but a factor not normally considered has come into play: time. The free market advocates think in leisurely terms of demand driving the growth of new supply. They fail to account for the fact that if the demand occurs in a short time, then some existing users or uses must give way to the highest bidder for the fixed amounts available in the short term. Mines, at least in the capitalist world, are not developed to sit idle as inventory management devices; this is far too expensive a proposition for a free market economy.
The strategic nature of iron will become apparent to all as more and more of the supplies to make its most common alloy, steel, are diverted to Asia; the price of iron (steel)-dependent durable goods in America will continue to rise as a result of Asian demand and not of American demand; this is a first for America. But since there is no cheaper material from which to build the structure of cars and other durable items, there is no way out of the price increases.
The key critical metals for investors to follow are those minor metals, which are only produced as by-products and for which the uses are dissipative. This last word means that once the metal is used, it is not economical to recover it by recycling.
As an aside I need to point out is that a great many businesses have come and gone in the last 50 years based on recycling first military, then industrial, and finally consumer electronics. All of these businesses were predicated on recovering gold, silver, platinum and palladium widely used at the beginning of the industrial electronics era to ensure constant conductivity and provide resistance to corrosion. These stores of precious metals materials have now been exhausted and promoters who tell you of using low-cost Chinese labour to hand sort electronic components either for extracting gold or for re-use are mostly just trying to steal your money. I well remember the gleam of the gold over plating on Soviet-era missile electronics being scrapped at a facility in France; that gleam was overshadowed only by the gleam in the eyes of the managers of the facility as they watched the unaccounted for gold bars stream out in the night to a destination on a lake in the Swiss Alps; those days are gone. I’m telling you this story to illustrate that even gold once had an industrial use and, therefore, value, which has gone away. It is too expensive and too easily substituted by cheaper materials or dramatically reduced in use volume by new technologies to have any remaining industrial value that could drive its price.
Unfortunately for teenagers, the minor metals, which are now critical to the production of electronic devices, are used mostly in such small quantities per device that recovering the metals through recycling is at best prohibitively expensive and more likely simply impossible economically and technologically.
This means that many minor metals are literally used up in production. When you look at which of those are also produced only as by-products you get a list of truly precious metals.
Here is a brief list, in alphabetical order, of genuinely precious metals, which are used up in manufacturing small electronic devices. Note that only selenium and tellurium production approach 100 tonnes per year; the rest top out at 50 tonnes. The total global production of the six metals listed below is around one-eighth of the total production of gold annually:
Gallium, a by-product of aluminium mining;
Germanium, a by-product of zinc mining;
Indium, a by-product of zinc mining;
Ruthenium, a by-product of platinum mining;
Selenium, a by-product of copper, and to a lesser extent of gold and platinum mining; and
Tellurium, a by-product of copper, and to a lesser extent of gold and platinum mining.
Look on the website http://www.MinorMetals.com, published by http://www.TheBullionDesk.com, and look at the prices of these above “minor metals” over the last five years.
Imagine that you had bought these metals in 2002 and had physical possession of them, or, better, had them held for you and safeguarded as to purity in a bonded warehouse. Also imagine, please, always, that there is a willing buyer for these materials at the prices quoted on the sites such as the one named above, you would then be far better off today financially than if you had bought gold in the same circumstances. If you are an industrial-end user, imagine how your balance sheet could look if you had had a long range strategy which allowed you to hedge your future needs with off-take agreements with the primary producers. Which then are the precious metals, and which then are the hard assets of our time?
I will continue this analysis of the new hard assets in the future with: structural minor metals, such as molybdenum, tungsten, chromium, manganese, magnesium, titanium and vanadium, and power minor metals, such as the rare earths, cobalt, lithium, zirconium, hafnium, uranium, and what I think is the first new minor metal hard asset that the true value of which has only been recognized in the 21st century, thorium.
Stillwater's participation bodes well for this investment...eom
Pacific North West Capital and Stillwater Mining Finalize Option Agreement on the Goodnews Bay Platinum Project
Wednesday January 16, 8:00 am ET
http://biz.yahoo.com/cnw/080116/pacificnw_stillwater.html?.v=1
VANCOUVER, Jan. 16 /CNW/ - Pacific North West Capital (PFN) (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News) - Further to the Pacific North West Capital's February 26, 2007 press release, PFN is pleased to announce that it has finalized the Option / Joint Venture Agreement on the Goodnews Bay Platinum Project (GBPP) with Stillwater Mining Company (Stillwater) (NYSE: SWC - News).
Under the terms of the Option Agreement, by spending $4 million Stillwater is entitled to earn a 50% interest in 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.
A $1,000,000 exploration budget has been approved for 2008 with the objective to drill one or more established targets and to define additional new platinum mineralization.
The GBPP agreement was subject to approval by Calista Corporation which provided its approval in December 2007. Calista Corporation is the second largest landowner 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 (14.8 million ounces Measured and Indicated and 13.6 million ounces Inferred). For more information about Calista visit their website www.calistacorp.com.
PFN and Stillwater are currently engaged in two distinct platinum group metal (PGM) projects in Alaska; the first involves advanced exploration at the Goodnews Bay Platinum Project.
Goodnews Bay Platinum Project
PFN and Stillwater are exploring the Goodnews Bay Platinum Project where numerous rock, shallow soil and deep auger overburden samples have been taken in the Red Mountain and Susie Mountain target areas. This sampling program was completed in 2006 and 2007 and resulted in definition of drilling targets at both Red Mountain and Susie Mountain.
Stillwater Mining Company - Strategic Shareholder
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.
About Pacific North West Capital Corp.
--------------------------------------
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a 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.
PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America.
Pacific North West Capital Corp. has over $9.5 million in working capital and securities.
The Qualified Person for this 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
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 sets $5-million budget for 2008
[from Amelinda on Stockhouse]
http://tinyurl.com/3bb2fj
Pacific North West Capital Corp (C:PFN)
Shares Issued 54,563,008
Last Close 12/17/2007 $0.33
Monday December 17 2007 - Shareholders Letter
Mr. Harry Barr reports
PRESIDENT'S LETTER 2007
Pacific North West Capital Corp.'s president, Harry Barr, has released a president's letter.
Dear shareholder:
With the 2007 year coming to an end, I would like to update you on both our platinum group metal and nickel division.
Over the past few months Pacific North West Capital has been very aggressive in acquiring and exploring properties related to both its PGM and nickel divisions. The first phases of work have been completed on the new acquisitions and our exploration team is currently finalizing next year's budget. The 2008 budget is currently estimated to be $5-million and will include commitments from our major partners.
Project updates
River Valley PGM project, Ontario -- joint venture with Anglo Platinum
We recently have announced a phase 9B $525,000 budget for continued evaluation of the Interior River valley intrusive (RVI), that has been approved for the River Valley PGM project by joint venture partner Anglo Platinum Limited, the world's largest primary producer of platinum. The objective of the 2007 program is to define new PGM mineralization that could expand the potential of the project. These new areas have been indicated by geophysical (magnetic and induced polarization) responses within the RVI..
To date Anglo Platinum has expended approximately $20-million on this project. This project has resulted in the delineation of a very substantial palladium and platinum resource. Although palladium and platinum occur roughly in a ratio of 3:1, the differential in metal prices results in the platinum content is being marginally more valuable than palladium.
The company's thrust on this project is three-fold. Firstly, the resource established to date lies within 200 metres of the surface. This resource is now being examined in greater detail to ascertain whether higher-grade sections within it can be broken out, which might be amenable to open-pit mining at specific metal prices. Secondly, the company feels strongly that the mineralization established to date, along a very extensive (several-kilometre) strike length and to relatively shallow depth, may represent just the near-surface expression of much more extensive mineralization, extending several hundreds of metres to depth, with the possibility of higher grades and different styles of mineralization. The company is now examining ways in which we vector in on deeper drill targets. Finally, the price of palladium is also a major factor for the River Valley project and any major increase in palladium will positively affect the project's economics.
Coldwell PGM-copper project, Ontario
One of our recent project acquisitions is located in the Coldwell complex -- the largest composite alkaline intrusive complex in North America. Marathon PGM Corporation's PGE-Cu deposit is associated with the Eastern border gabbro unit of the Coldwell complex. A $900,000 exploration program commenced in the fall of 2007 including prospecting, mapping, lake bottom geochemical sampling and geophysics. We are expecting our results on these areas in the first quarter of 2008. The objective of the first phase for the program is to outline drill targets for the latter part of 2008.
Goodnews Bay platinum project, Alaska -- option/joint venture with Stillwater Mining Company
PFN and Stillwater are exploring the Goodnews Bay platinum project where numerous shallow soil and deep auger overburden samples have been taken in the Red Mountain and Susie Mountain target areas. The samples are currently being analyzed. Promising new chromite occurrences have been located in the Red Mountain area which have been sampled and sent for analysis. Final reports are in progress, and a budget proposal is being prepared for Stillwater and will focus on drilling the project in 2008.
Stillwater PGM reconnaissance -- Alaska
In addition to our work with Stillwater Mining Company in the Goodnews Bay region, Stillwater provided an additional $500,000 budget for reconnaissance work in Alaska region. Initial results from our reconnaissance projects look positive and are currently being tabulated and a 2008 recommendation will be submitted to Stillwater before year-end.
West Timmins nickel project, Ontario -- option/joint venture with Xstrata
The project covers 355 square kilometres (87,720 acres), 60 kilometres west of Timmins, Ont. The West Timmins project is adjacent to Xstrata's Montcalm deposit. The Montcalm deposit contains a proven mineral reserve of 4.1 million tons at 1.38 per cent nickel, 0.64 per cent Cu as of Dec. 31, 2006, and has a remaining mine life of 4.5 years. Ore from the Montcalm operation is being trucked to the Kidd metallurgical site, a distance of approximately 90 kilometres to the east. An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $2-million on the project to date with plans to spend an additional $1-million during the winter 2007/2008 program. In May, a diamond drill program commenced to evaluate electromagnetic conductors to depths of 2,000 metres south of the Montcalm mine claims. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm intrusive complex (MIC). The program was expanded to 4,000 metres in June, 2007.
Current activities:
15-hole, 3,413-metre drill program completed;
Year 1 and year 2 expenditures have been met -- $1.4-million spent to date;
Significant sulphide mineralization intersected returning anomalous copper (up to 0.12 per cent) and nickel (up to 0.14 per cent) values;
4,000-metre drill program completed November, 2007.
Raglan Hills nickel project, Ontario -- joint venture with First Nickel
The Raglan Hills project is situated northeast of Bancroft in the province of Ontario and comprises 21 claim blocks totalling 2,752 hectares. The Raglan Hills project is located over the northeastern portion of the Raglan Hills intrusive complex. The complex is a differentiated mafic intrusive composed primarily of metal gabbro with lesser proportions of metal pyroxenite. The more mafic, pyroxenitic units host historical, nickel and copper sulphide showings and may represent the feeder system to the intrusive complex. Minimal exploration has occurred since the late 1980s and the property has potential to host economic nickel copper sulphide zones within this feeder system. The exploration program will be designed to identify and test priority areas within the property boundaries.
Pacific North West Capital and First Nickel have entered into a 50-50 joint venture agreement whereby both companies agree to bear all expenditures and participate in a single-purpose unincorporated joint venture for the purpose of carrying out all mineral exploration. First Nickel will act as operator for the project and will be responsible for carrying out all exploration activities.
Our nickel division has been expanded significantly this year with the acquisition of Nickelmuir in Timmins, Ont., Nickel Plats in Saskatchewan, Northwest Territories Nickel and Labrador Nickel. Management continues to negotiate new acquisitions.
Pacific North West Capital currently has $8-million in working capital and securities.
For additional information on our projects, please do not hesitate to contact our investor relations department toll-free at 1-800-667-1870 or e-mail us at info@pfncapital.com.
On behalf of everyone at Pacific North West Capital, I would like to wish you a happy and healthy holiday season.
Best regards,
Mr. Barr
) 2007 Canjex Publishing Ltd.
Pacific North West Capital Corp. and First Nickel Inc. Sign Joint Venture on Raglan Hills Project
[from company E-Mail; Yahoo message was not working at the time of this post]]
Vancouver, Canada -- December 11, 2007: Pacific North West Capital Corp. ("PFN") (TSX: PFN) and First Nickel Inc. (TSX : FNI) ("First Nickel") are pleased to report that they have entered into a Joint Venture agreement to undertake exploration on the Raglan Hills Project. The Raglan Hills Project is situated northeast of Bancroft in the Province of Ontario and comprises 21 claim blocks totalling 2,752 hectares.
The Raglan Hills Project is located over the northeastern portion of the Raglan Hills Intrusive Complex. The Complex is a differentiated mafic intrusive composed primarily of meta-gabbro with lesser proportions of meta-pyroxenite. The more mafic, pyroxenitic units host historical, nickel and copper sulphide showings and may represent the feeder system to the Intrusive Complex. Minimal exploration has occurred since the late 1980's and the property has potential to host economic nickel-copper sulphide zones within this feeder system. The exploration program will be designed to identify and test priority areas within the property boundaries.
Pacific North West Capital and First Nickel have entered into a 50% - 50% Joint Venture Agreement whereby both Companies agree to bear all expenditures and participate in a single purpose unincorporated Joint Venture for the purpose of carrying out all Mineral exploration
First Nickel will act as Operator for the project and will be responsible for carrying out all exploration activities.
About First Nickel:
First Nickel is a Canadian mining and exploration company. Its current activities are primarily focused on the Sudbury Basin in northern Ontario, the location of the company's producing property (the Lockerby Mine) and four of its exploration properties. First Nickel also has two exploration properties in the Timmins region of northern Ontario. First Nickel's shares are traded on the TSX under the symbol FNI.
About Pacific North West Capital Corp:
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. 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 $8 Million in working capital and securities with no debt.
On behalf of the Board of Directors
"Harry Barr"
Harry Barr, President & CEO
For further information, please contact our Investor Relations Department at Toll Free 1-800-667-1870
The Toronto Stock Exchange have not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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. Not to be construed as an offer to buy or sell securities of this company.
Thanks. I inserted this into the iBox under the Due Diligence caption.
sumi
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