Pacific North releases Lismer extension results
2005-04-25 13:05 MT - News Release
Mr. Harry Barr reports
PACIFIC NORTH WEST CAPITAL CORP. - 20,740 METRES OF DRILLING COMPLETED - RIVER VALLEY PGM PROJECT, SUDBURY, ONTARIO
Pacific North West Capital Corp. has released assay results from the newly discovered Lismer extension zone as well as additional drilling in the Varley zone and Varley extension on the River Valley project.
Strong sulphide mineralization was intersected in all of the areas and the zones are still open in along strike and to depth.
The latest results from the Lismer extension drilling continued to intersect sulphide mineralization and PGE values in the structurally complex southeast end of the zone.
The drilling interpretation suggests a repetition of the host breccia mineralization. Assays are still pending. On the Varley zone, assays are continuing to confirm mineralization to the north of the defined inferred resource (see intersection table below).
The drill holes were all drilled across strike (see location table below). The dip of the zone varies along strike and to depth, but generally it is to the southwest at between 65 and 75 degrees.
No significant assay values were returned from six holes in the Casson zone; however, assay results are pending from one hole in the Lismer extension zone, 17 holes in the Varley zone, 12 holes in the Varley extension area and six holes in the Jackson Flats area.
DRILL ASSAY INTERSECTIONS
-- LISMER EXTENSION
Hole From To Int Au Pt Pd
m m m ppb ppb ppb
LR-152 61 66 5 112 562 1376
and 239 252 13 63 348 912
incl 250 251 1 126 616 1826
LR-153 156 160 4 92 567 1257
LR-154 266 285 19 35 213 640
incl 266 273 7 44 372 970
LR-155 nsa
DRILL ASSAY INTERSECTIONS
-- LISMER EXTENSION
Hole Int Pt+Pd 3E Cu Ni
m ppb g/t ppm ppm
LR-152 66 1937 2.05 1363 300
and 252 1260 1.32 1304 367
incl 251 2442 2.57 2708 664
LR-153 160 1825 1.92 1089 381
LR-154 285 853 0.89 1075 299
incl 273 1342 1.39 1001 336
LR-155 nsa
DRILL ASSAY INTERSECTIONS
-- VARLEY
Hole From To Int Au Pt Pd
m m m ppb ppb ppb
VA-40 96 101 5 76 408 1181
VA-41 64 69 5 70 370 1298
VA-42 99 100 1 106 421 1303
VA-43 48 55 7 37 217 509
incl 52 55 3 49 313 765
VA-44 59 65 6 65 301 933
incl 74 75 1 69 351 1100
incl 100 101 1 161 562 2805
VA-45 33 34 1 73 387 1138
VA-46 24 25 1 74 268 1101
and 69 77 8 58 385 902
incl 72 74 2 72 726 1620
and 85 86 1 168 627 1493
VA-47 8.7 37 28 29 204 531
incl 8.7 10 1 84 860 2472
VA-48 41 43 2 50 536 1552
VA-49 157 158 1 42 283 731
VA-50 157 160 3 97 660 1754
and 177 178 1 48 391 1159
and 190 191 1 63 445 1284
VA-53 193 200 7 65 377 813
incl 193 195 2 87 474 1311
incl 193 194 1 119 557 1597
incl 206 207 1 84 415 953
DRILL ASSAY INTERSECTIONS
-- VARLEY
Hole Int Pt+Pd 3E Cu Ni
m ppb g/t ppm ppm
VA-40 5 1589 1.67 965 323
VA-41 5 1668 1.74 874 328
VA-42 1 1724 1.83 1038 276
VA-43 7 726 0.76 540 157
incl 3 1078 1.13 757 211
VA-44 6 1234 1.30 554 223
incl 1 1451 1.52 319 174
incl 1 3367 3.53 2437 505
VA-45 1 1525 1.60 695 363
VA-46 1 1369 1.44 149 51
and 8 1286 1.34 838 170
incl 2 2346 2.42 1318 309
and 1 2120 2.29 1249 261
VA-47 28 735 0.76 468 187
incl 1 3332 3.42 798 481
VA-48 2 2087 2.14 369 386
VA-49 1 1014 1.06 458 114
VA-50 3 2414 2.51 985 210
and 1 1550 1.60 258 94
and 1 1729 1.79 1118 297
VA-53 7 1190 1.25 910 213
incl 2 1785 1.87 1577 363
incl 1 2154 2.27 2198 514
incl 1 1368 1.45 1261 368
DRILL ASSAY INTERSECTIONS
-- VARLEY EXTENSION
Hole From To Int Au Pt Pd
m m m ppb ppb ppb
VE-18 113 115 2 45 239 789
VE-19 nsa
DRILL ASSAY INTERSECTIONS
-- VARLEY EXTENSION
Hole Int Pt+Pd 3E Cu Ni
m ppb g/t ppm ppm
VE-18 2 1028 1.07 1132 719
VE-19 nsa
Other mineralized zones
Once all the assay results have been received and compiled, an in-house revised resource calculation will be completed. This will include the mineralization from the Lismer extension zone and upgraded mineralization from the Varley zone. This is expected to be completed by June, 2005.
The assay results from the Casson zone, located within the River Valley intrusive, 1,800 metres south of the Dana zone, indicate wide anomalous PGE zones. These sulphide mineralized zones will require further evaluation.
LISMER, VARLEY, & VARLEY EXT
-- DRILL HOLE LOCATIONS
Hole Grid-SE Grid-NE Dip Azimuth Depth
m
LR-152 4+38 10+61 -50.0 45.0 290.0
LR-153 5+75 10+50 -45.0 45.0 176.0
LR-154 3+95 9+40 -45.0 45.0 356.3
LR-155 6+00 12+05 -45.0 45.0 155.0
VA-40 45+10 0+25 -45 65.0 231.0
VA-41 44+35 1+25 -46.1 65.0 134.5
VA-42 44+10 0+75 -46.1 65.0 172.0
VA-43 43+50 1+60 -45.3 45.0 101.0
VA-44 -4350 150 -46 45.0 149.0
VA-45 -4300 220 -45.3 45.0 116.0
VA-46 -4300 165 -44.8 45.0 161.5
VA-47 -4240 200 -45.9 45.0 122.0
VA-48 -4240 250 -47.9 45.0 158.0
VA-49 -4245 125 -55.5 45.0 244.0
VA-50 -4190 150 -45 45.0 269.0
VA-51 -3830 240 -45.7 45.0 95.0
VA-52 -3930 210 -45 45.0 110.0
VA-53 -4190 150 -60 45.0 284.0
VE-17 500 -1350 -45 0.0 356.0
VE-18 500 -1250 -45 0.0 389.0
VE-19 550 -1250 -45 0.0 284.0
Phase 7 budget summary -- April, 2004, to April, 2005 -- drilling, bulk sample
PFN, in joint venture with Anglo American Platinum Corp. Ltd. (Anglo Platinum) has completed the $3.0-million phase 7 program. The program completed 20,740 metres of diamond drilling, metallurgical testing and the collection of a bulk sample. At present, a 40-tonne bulk sample has been collected, which will be used for metallurgical testing on the Dana North and Dana South zones.
Particular emphasis was placed on expanding targets identified by reconnaissance drilling, geophysics and geological mapping, especially along the northern contact of the intrusive. The platinum-palladium mineralization has been identified to exist within the contact breccia zone occurring over a strike length in excess of 15 kilometres. The initial mineral resource estimates have been concentrated in the Dana Lake and Lismer's Ridge zones, over a three-kilometre strike length.
The qualified person for this release is John Londry, vice-president exploration.
We seek Safe Harbor.
