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Just
Released Novermber 5, 2007
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Phase 9B $525,000 Exploration Budget on River Valley
River Valley Platinum Group Metals Project, Sudbury, Ontario
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November 5, 2007, Vancouver, BC -- Pacific North West Capital Corp. (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J)
is pleased to report that a Phase 9B $525,000 budget for continued evaluation of the Interior River Valley Intrusive (RVI) has been approved for the River Valley PGM Project by joint venture partner Anglo Platinum Limited ("Anglo Platinum"); the world's largest primary producer of platinum. The River Valley Project, located near Sudbury, Ontario. Further ground sampling, stripping, channelling and continued evaluation on the Interior RV intrusive will
begin immediately to evaluate the mineral potential on PGM zones identified in the 2006 mapping and prospecting programs.
The objective of the programs is to define the new PGM mineralization that could expand the potential of the project. These new areas appear to be reflected by geophysical (magnetic and IP) responses within the RVI.
The River Valley PGM Project is Joint Ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over C$20 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
To view entire news release and location map, please click HERE
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Pacific North West Capital Corp.
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EXPLORATION STAGE |
CODE : PFN.TO |
ISIN : CA6949161070 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Pacific NorthWest is based in Canada. Pacific NorthWest holds various exploration projects in Canada. Its main exploration properties are NIXON FORK in USA and GLITTER LAKE, RAGLAN HILLS, RIVER VALLEY, COLDWELL, SWAYZE, ROCK & ROLL, NICKEL PLATS and DESTINY GOLD in Canada. Pacific NorthWest is listed in Canada and in United States of America. Its market capitalisation is CA$ 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. |