|
TSX -
PFN OTCBB - PAWEF Frankfurt: P7J |
http://www.pfncapital.com |
|
|
|
|
Pacific North West Capital Corp. (PFN.TSX) joins Golden Chalice Resources (GCR.TSX-V) in hunt for Nickel in the Timmins Mining District, Ontario
|
Major Timmins Nickel
Acquisition Program Underway
|
|
May 11, 2007, Vancouver, BC -- Pacific North West Capital Corp. ('PFN') (TSX: PFN; OTCBB: PAWEF; Frankfurt:
P7J), is pleased to announce that a Diamond drill program (approximately 2,000
metres) has commenced to evaluate EM conductors to depths of 200 metres south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC).
|
|
The PFN drill program will evaluate deep conductive targets, identified from a Pulse EM survey, with coincident magnetic signatures similar to those identified over the Montcalm Mine mineralization. These drill targets are also supported by the identification of a geological environment from previous drill results in 2005, to the south-west of the Montcalm Mine, similar to that hosting the ore mineralization (Cu-Ni) in the Montcalm Mine. The West Timmins Project was obtained by a Joint Venture with Xstrata Nickel, whereby PFN may earn a 100% interest in the West Timmins Project. The West Timmins Project covers 355 kms2 (26,928 hectares), some 60 kms west of Timmins, Ontario (see location figure below).
|
|
|
|
|
Numerous other anomalies, along strike of the MIC, delineated by airborne EM
(AeroTEM), downhole geophysics, and geochemical techniques
(MMI survey) remain to be drill tested. Other geological target areas within the MIC still have to be evaluated by ground reconnaissance surveys. These follow-up programs are expected to be initiated later in the year.
|
|
The West Timmins project is located adjacent to Xstrata Nickel's Montcalm deposit. The deposit contains a Proven Mineral Reserve of 4.1 million tonnes @ 1.38% Ni, 0.64% Cu as of December 31, 2006. Ore is transported 108 km east from the Montcalm Mine to the Kidd Creek Metallurgical Complex to be processed (See Location Figure).
|
|
|
|
About Pacific North West Capital Corp.
|
|
Pacific North West Capital Corp. (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J) is a premier explorer in the search for Platinum Group Metals
(PGMs) in North America and is currently in the most aggressive acquisition phase of the company's history focusing on new PGM and Nickel projects. PFN is committed to advancing its existing projects and acquiring new PGM and base metals projects via self-funding or option/joint venture agreements with major mining companies. The company has $4.7 million in working capital and no debt.
Stillwater Mining Company (NYSE: SWC), the largest producer of palladium and platinum in the Western Hemisphere, recently purchased 11% of PFN and is a strategic partner in the search for new platinum group metal discoveries in North America. Stillwater Mining recently signed a letter of intent to invest $4.5 million into PFN's Alaskan exploration and reconnaissance programs including the Goodnews Bay Platinum Project. PFN is the project operator.
|
|
PFN is currently exploring the River Valley Project, located
near Sudbury, Ontario, joint ventured 50/50 with Anglo
Platinum Limited ("Anglo Platinum"), the world's
largest primary producer of platinum. Anglo Platinum has
committed over $19 million to the River Valley Project to
date and may earn a 60% interest in the project by
completing a feasibility study and a 65% interest by funding
it through to production.
Current measured and indicated resources: 30.5 million
tonnes containing 953,900 ounces of palladium (0.97 g/t),
329,500 ounces of platinum (0.34 g/t) and 59,500 ounces of
gold (0.061g/t) with an additional 2.3 million tonnes
containing 67,000 ounces of palladium (0.87g/t), 23,800
ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05
g/t) of Inferred Resources using a 0.7 g/t cut off (pt/pd).
The objective of the 2006 $1.1 million Phase 9A budget was
to extend the new Platinum Group Metal mineralized horizons
discovered during the 2005 fieldwork and to better
understand the structural controls on the mineralization. In
March management presented Anglo Platinum with the 2007 work
program and budget. PFN is the project operator.
|
|
|
|
|
In 2006, PFN signed a Cooperation Agreement with SOQUEM
Inc., a wholly owned subsidiary of the Soci�t� G�n�rale
de Financement du Qu�bec ("SGF"), mandated to put
new mines into production. Under the terms of the Agreement,
PFN and SOQUEM are participating in a 50/50 joint venture
with the objective of identifying viable PGM and base metal
properties for further exploration. PFN and SOQUEM recently
announced a Phase Two 2007 budget of $460,000 to advance
work on reconnaissance properties in Quebec.
PFN's technical team is aggressively acquiring new PGM and
base metal projects in Quebec, Ontario, Manitoba,
Saskatchewan, British Columbia, North West Territories and
Alaska.
The Qualified Person for this release is John W. Londry,
M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
|
|
On
behalf of the Board of Directors
"Harry Barr"
Harry Barr, President & CEO |
|
|
For
further information, please contact our Investor Relations
Department at Toll Free 1-800-667-1870 |
|
|
|
|
President's
Message | Projects
| Slide Presentation
|
News |
Articles
|
Interview
| StockQuote
|
|
Toll free 1.800.667.1870
Telephone: +604.685.1870 Fax: +604.685.8045 info@pfncapital.com
This email should not be construed
as an offer to buy or sell securities of Pacific North West Capital Corp.
Click
to unsubscribe to our email list:
|
Rogue Resources
|
|
EXPLORATION STAGE |
CODE : RRS.V |
|
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Rogue Res is a nickel and palladium exploration company based in Canada. Rogue Res holds various exploration projects in Canada. Its main exploration properties are SHILLINGTON, ABITIBI EAST, UKE, RADIO HILL, TIMMINS WEST and LANGMUIR in Canada. Rogue Res is listed in Canada and in United States of America. Its market capitalisation is CA$ 382 000 as of today (US$ 305 429, € 267 556). Its stock quote reached its highest recent level on August 17, 2007 at CA$ 98.99, and its lowest recent point on March 27, 2020 at CA$ 0.02. Rogue Res has 9 550 000 shares outstanding. |