In the same category
Pacific North West Capital Corp. Appoints New President & COO
Published : September 07, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  


VANCOUVER, Sept. 7, 2011 /CNW/ - Pacific North West Capital Corp. ("PFN" or "the Company") (TSX:PFN; OTCQX:PAWEF; FSE:P7J) announces:

Corporate Change

Harry Barr and the Board of Directors (the ʺBoardʺ) of PFN announce that, effective today, Mr. Barr has elected to step down as President of PFN. Dr. William Stone, M.Sc and Ph.D, Geology, has been appointed as President and Chief Operating Officer. Mr. Barr remains as Chief Executive Officer and has been appointed Chairman of the Board.

Dr. Stone has held senior positions with international and Canadian mining and mineral exploration companies based in Vancouver and Toronto and has more than twenty-five years of exploration experience, including significant experience with platinum group metals (PGMs) and nickel-copper sulphides and a wealth of technical and practical experience. He served as Principal Geologist and Vice President of Exploration with several Canadian and Australian listed firms, including positions with WMC Resources Ltd. at Kambalda (Western Australia), location of world-class nickel sulphide and gold mining districts.  Dr. Stone was also a Senior Lecturer in Economic Geology and Geochemistry at the University of Western Australia in Perth.

Dr. Stone joins us from his most recent position as Vice-President of Exploration, Canada, for Magma Metals Ltd., where he was responsible for exploration of the recently discovered TBN PGE-Cu-Ni sulphide deposit near Thunder Bay, Ontario.  Previously he served as Vice President of Exploration for North American palladium Ltd., where he was responsible for PGE exploration at the Lac des Iles Mine near Thunder Bay and  the APP Joint Venture Project in Finland, and gold exploration at the Sleeping Giant Mine near Amos, Quebec.

Mr. Barr stated "We are very pleased to have Bill Stone join us at this juncture when we are concentrating on advancing our flagship River Valley PGM Project near Sudbury, Ontario. The River Valley Project is one of North America's newest and largest primary PGM deposits and Bill's extensive experience will greatly assist us in developing the River Valley Project to its full potential. Bill will also lead the initiative to build a more significant exploration presence for PFN in Canada and elsewhere."

About Pacific North West Capital Corp

Pacific North West Capital Corp. is a mineral exploration company whose corporate philosophy is to be a project generator, explorer and project operator with the objective of option / joint venturing its projects through to production. In January 2011, PFN successfully negotiated the 100% acquisition of the River Valley PGM Project from Anglo Platinum Limited, making Anglo Platinum the largest shareholder of PFN holding approximately 9% of the Company (as of July 2011). In special situations, like our 100% owned River Valley PGM Project, the Company is prepared to fund the project through to feasibility and into production. The River Valley PGM Project is one of North America's newest and largest primary platinum group metals (PGM) deposits. The project has excellent infrastructure support and is located only 60 miles (100 km) from Sudbury, Ontario, one of Canada's largest mining centres with two large mineral processing facilities with excess  capacity for production.

On April 20th, 2011, PFN announced that it had commenced the Phase I of the $5 million, 15,500 metre drill program for its 100% owned River Valley PGM Project. As of July 2011, PFN has completed more than 7800 metres of drilling and more than 140 line km of 3D IP geophysics survey. Work to date at River Valley suggests that the best potential for economic accumulations of PGM-Copper-Nickel sulphide mineralization is within the Breccia Zone. This Zone includes the main mineralized breccia or Main Zone. The Main Zone occurs within about 20 metres of the intrusive contact with Archean gneisses. This contact zone extends for over 9 km of prospective strike length, holds the current defined resource and is the main target of the Company's renewed exploration efforts.

On April 27th, 2011, PFN announced a new NI43-101 mineral resource estimate on the Rock & Roll Gold-Silver-Polymetallic Project, located in Northern BC (see news release dated April 27th, 2011). The mineral resource estimate significantly increased the historic resource. The indicated resource includes: 2,155,679 tonnes grading 0.68 g/t gold ("Au") (47,040 contained oz of Au), and 82.7 g/t silver (Ag") (5,734,445 contained oz of Ag) at a cut‐off grade of 0.5 g/t gold equivalent ("AuEq"), including 0.22% Copper ("Cu") (10,500,833 lbs Cu), 0.22% Lead ("Pb") (10,399,960 lbs Pb), and 0.94% Zinc ("Zn") (44,522,995 lbs Zn). The Rock & Roll Gold-Silver-Polymetallic Project is under option from Equity Exploration Consultants Ltd., First Fiscal Enterprises Ltd. and Pamicon Developments Ltd.  Management is currently finalizing a technical and financial plan to further develop the Rock & Roll Project.

PFN is also a significant shareholder of Fire River Gold Corp (FAU:TSX.V), which company is developing the Nixon Fork Gold Mine in Alaska, which is slated for production in summer of 2011. (click here to view Fire River Gold's 2011 President's Message)

Pacific North West Capital Corp. is well funded with an experienced management team and the ability to take advantage of its growing asset base in PGMs, gold and base metals. To that end, the Company is in the process of adding key technical and financial people to our management, advisory team and our board of directors. PFN has approximately $6.3 million in working capital and securities and no debt. 

Pacific North West Capital Corp. is an International Metals Group Company.

On behalf of the Board of Directors

Harry Barr
Chairman and 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

For further information:
Tel: +1.604.685.1870  Fax: +1.604.685.8045
Email:, or visit
2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3

Data and Statistics for these countries : Australia | Canada | Finland | All
Gold and Silver Prices for these countries : Australia | Canada | Finland | All

Pacific North West Capital Corp.

ISIN : CA6949161070
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

Pacific NorthWest is based in Canada.

Pacific NorthWest holds various exploration projects in Canada.


Pacific NorthWest is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.4 millions as of today (US$ 1.3 millions, € 927 314).

Its stock quote reached its highest recent level on December 31, 2003 at CA$ 1.40, and its lowest recent point on January 13, 2014 at CA$ 0.02.

Pacific NorthWest has 91 619 461 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
Corporate Presentations of Pacific North West Capital Corp.
2/25/2008-"Harry Barr Puts Pacific North West Capital At The Forefron...
Annual reports of Pacific North West Capital Corp.
2007 Annual Report
Financings of Pacific North West Capital Corp.
2/27/2013Announces Non-Brokered Private Placement
11/29/2012Proceeds with Non-Brokered Private Placement
10/14/2011Announces $2,700,000 Non-Brokered Private Placement
7/18/2011Closes $2,550,750 Non-brokered Private Placement
7/13/2011Closes 1st Tranche Of Private Placement
7/5/2011- Non-Brokered Private Placement Oversubscribed
2/22/2011$3,000,000 Non-Brokered Private Placement
3/31/2008Closes $3,350,000 Private Placement
6/2/2007Closes Private Placement/Expands Institutional Shareholder B...
Nominations of Pacific North West Capital Corp.
9/7/2011Appoints New President & COO
9/3/2009Announces Appointment of Christopher Davies
2/23/2009Appoints John Londry to Board of Directors
11/18/2008John Londry, Vice President Exploration, Retires, Pacific No...
Project news of Pacific North West Capital Corp.
4/10/2013(River Valley)Reports Positive Platinum Metal Concentration Results for Ri...
11/6/2012(River Valley)Advancing PFN's 100% owned River Valley PGM deposit near Sud...
10/12/2012(River Valley)on Metallurgical Studies for River Valley PGM Project ne...
7/24/2012(River Valley)Commences Metallurgical Studies of its River Valley PGM Depo...
6/19/2012(River Valley)Announces a New Platinum Group Metal Zone on its River Valle...
6/15/2012(River Valley)Announces SEDAR Filing of NI 43-101 Mineral Resource Estimat...
5/1/2012North West Capital Announces 2.5 million ounces PGM+Gold Mea...
12/13/2011Stakes 220 square kilometres 10 km north of Lac des Iles Min...
12/8/2011(River Valley)Commences 2200 Metres Exploration Drill Program at River Val...
5/20/2011(River Valley)Announces 1.3 gt (0.04 opt), 3E* over 65m (213.3 feet) at th...
3/1/2011(River Valley)Announces 15,500 Metre Drill Program River Valley Platinum G...
9/28/2010(Rock & Roll)Commences Exploration Program on the Rock & Roll Polymetalli...
10/15/2009(Destiny Gold)Commences Drilling on the Destiny Gold Project
8/5/2009(Raglan Hills)and First Nickel Announce New PGM Zone on Raglan Hills Joint...
6/29/2009(Nixon Fork)grants option to Fire River Gold on Nixon Fork Gold Mine, Al...
3/26/2009(Glitter Lake)acquires 100% ownership of Glitter Lake PGM Project, Quebec
3/11/2009(Pgm A)Commences Drilling on the Fiedmont PGM Property, Quebec
11/26/2008(Chénéville)& SOQUEM Announce Completion of Drilling at the Ch=E9n=E9vil...
9/15/2008(West Timmins Project)Completes Deep Penetrating UTEM 3 Geophysical Survey Over We...
8/25/2008(Raglan Hills) Initiate Surface Mapping and Sampling Program on the Raglan...
6/26/2008(Raglan Hills)First Nickel Complete Airborne Geophysical Survey on Raglan ...
6/3/2008(Goodnews) Commence $1,000,000 Drill Program - Goodnews Platinum Proje...
5/5/2008(Pfn Davis-kelly)Ni-Cu-PGE Mineralization Discovered on PFN's Tonsina Propert...
4/1/2008(West Timmins Project)A Deep Penetrating UTEM Geophysical Program is Underway over...
3/11/2008(Coldwell)Pacific North West Capital Acquires New PGM Project in the C...
8/20/2007(West Timmins Project)Completes Phase One of Drill Program on West Timmins Propert...
Corporate news of Pacific North West Capital Corp.
1/9/2014Announces Voluntary TSX Delisting, TSX Venture Listing and 3...
10/24/2013Platinum Group Metals Update
7/25/2013Announces First Tranche Closing
9/10/2012Announces Results of AGM and Change of Director
3/20/2012(River Valley)Announces High Grade PGM Results at Depth in Dana South Zone...
2/21/2012(River Valley)Completed the First Component of the Environmental Baselines...
1/10/2012(River Valley)Announces Additional High Grade PGM Results for its River Va...
1/9/2012Launches Online Investor Relations and Social Media Program ...
10/13/2011(River Valley)Excellent Drill Results Continue at Pacific North West Capit...
8/4/2011Reports Significant Rhodium Concentrations of Up To 0.17...
7/26/2011(River Valley)- PFN Reports On Geochemical Study for Predicting Five-E...
4/27/2011(Rock & Roll)New NI43-101 Resource on the Rock & Roll Gold-Silver-Polymet...
4/16/2011An Interview of Harry Barr, President of Pacific North West ...
3/15/2011Closes $3,000,000 Non-Brokered Private Placement
3/15/2011Closes $3,000,000 Non-Brokered Private Placement
9/1/2009Acquires Option on Destiny Gold Project, Québec
8/19/2009Option to Acquire 100% of Rock & Roll Property, British Colu...
12/22/2008President's Message
12/18/2008Announces Option to Acquire The Nixon Fork Gold Mine in Cent...
12/16/2008Options Fiedmont Platinum Group Metals (PGM) Property
11/27/2008Visit Pacific North West Capital at the 2008 Hard Assets Inv...
11/19/2008and Benton Resources Corp. Announce Drill Results from the S...
9/30/2008and Benton Resources Commence Drill Program on Heenan Proper...
9/8/2008 Thunder Target Update
9/3/2008"Major producer teams up with junior to explore Southwest Al...
7/3/2008Benton Resources Complete Helicopter-borne Magnetic and VTEM...
4/18/2008 Completes VTEM Geophysical Survey Over Nickel Plats Project...
4/7/2008 to Attend European Gold Forum
2/27/2008 & SOQUEM Agree to Phase III PGM Budget
12/17/2007President's Letter 2007
11/5/2007Phase 9B $525,000 Exploration Budget on River Valley, Valley...
10/11/2007Completes Phase III Acquisition Program, Nickel Plats Projec...
9/18/2007Acquires Three New PGM Projects, Coldwell Complex, Ontario
8/13/2007President's Message / 2007 Summer Update
6/28/2007announces Completion of Phase II Nickel Acquisition, Saskatc...
6/21/2007Joins Benton and Teck in Search for Nickel in Labrador
6/19/2007Nickelmuir Project Acquired, Timmins, Ontario - Aggressive N...
6/14/2007Phase I Nickel Acquisition Program Completed Saskatchewan, P...
5/16/2007Corp. (PFN.TSX) joins Golden Chalice Resources (GCR.TSX-V) i...
5/14/2007/ SOQUEM Acquires First Round of Platinum Group Metals Prope...
5/11/2007/ Xstrata Nickel commence drilling at West Timmins Nickel Pr...
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
CA$ 0.015
01/13 15:50 -
Prev close Open
0.020 0.015
Low High
0.015 0.015
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.015 -25.00%
Volume 1 month var.
213,000 -25.00%
24hGold TrendPower© : -37
Explores for Copper - Gold - Lead - Nickel - Palladium - Platinum - Silver - Zinc
Interactive chart Add to compare
Print Compare Export
Last updated on : 12/11/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
announces expected non-cash impairment
AU$ 6.00+0.33%Trend Power :
Oceana Gold(Au)OGC.AX
AU$ 3.55-0.28%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+7.82%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.56-1.75%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
US$ 2.17+2.36%Trend Power :
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
Reduced Funding Requirement
GBX 2.75+0.00%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.23+4.55%Trend Power :
Closes Bridge Loan Financing
CA$ 2.14+2.39%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 4.96-3.13%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 8.43+0.60%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.07+7.69%Trend Power :
Q A April 2017 Quarterly Report
AU$ 0.23+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 0.54-5.26%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 0.31+0.00%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 35.69-1.14%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
2nd Quarter Report
AU$ 0.14+0.00%Trend Power :