Pacific North West Capital Corp fka PFN

[sumisu]

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.

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