| | Publié le 05 août 2009 | and First Nickel Announce New PGM Zone on Raglan Hills Joint Venture Property |
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Pacific North West Capital and First Nickel Announce New PGM Zone on Raglan Hills Joint Venture Property August 5, 2009, Vancouver, BC Canada
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Pacific North West Capital Corp. ("PFN") (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J) and First Nickel Inc. ("First Nickel") (TSX: FNI) are pleased to report the discovery of a new zone of Pt and Pd mineralization and the confirmation of Ni and Cu mineralization on the Raglan Hills property. The Raglan Hills project is a joint venture between First Nickel and PFN, the details of which were announced in a press release dated December 11, 2007.
First Nickel has tested 7 airborne electromagnetic targets with 29 drill holes (4,616 metres) between February and May, 2009. Targets were selected based on the presence of coincident magnetic and electromagnetic anomalies and known Ni-Cu sulphide mineralization. Assay results from 19 of the 29 diamond drill holes completed on the Raglan Hills property have now been received.
First Nickel has discovered a new zone of Pt and Pd mineralization hosted in a previously unexplored mafic intrusive body within Raglan Township. The Pt and Pd mineralization has been identified in two separate zones within the mafic intrusion, close to the contacts with the host sediments. Drill hole FNB009 intersected 5.05 metres grading 0.762 grams per tonne (gpt) Pt and 1.216 gpt Pd, and hole FNB010 intersected 2.7 metres grading 0.659 gpt Pt and 1.052 gpt Pd. A table of significant assay results from the zone is provided below.
ML North Target
Hole |
From |
To |
Width |
Pt |
Pd |
Pt+Pd |
ID |
(m) |
(m) |
(m) |
(gpt) |
(gpt) |
(gpt) |
FNB009 |
9.95 |
15.00 |
5.05 |
0.762 |
1.216 |
1.978 |
and |
41.70 |
43.00 |
1.030 |
0.812 |
1.276 |
2.008 |
FNB010 |
137.90 |
140.60 |
2.70 |
0.659 |
1.052 |
1.711 |
and |
144.60 |
150.60 |
6.00 |
0.508 |
0.829 |
1.337 |
FNB011 |
134.00 |
134.80 |
0.80 |
0.490 |
0.706 |
1.196 |
FNB012 |
128.00 |
129.40 |
1.40 |
0.420 |
0.675 |
1.095 |
All assay intervals reported are core length and do not represent true widths (defined as being measured at right angles to the direction of extension of the sulphide body). The true widths are undefined. All other assay samples are pending analysis.
Paul Davis, Vice President of Exploration of First Nickel states "The discovery of a new zone of Pt and Pd mineralization within the first phase of our drill program demonstrates the great exploration potential of this area. The presence of Pt and Pd mineralization indicates that the sulphide mineralization has interacted with the mafic intrusive unit and may potentially be a vector to more extensive Ni, Cu, Pt and Pd mineralization. We have secured a large land package along this prospective trend and we are confident in our continued success and further discoveries of additional Ni-Cu and PGE mineralization in this under-explored part of Ontario."
Drilling completed on the historic Raglan Nickel Showing, in Raglan Township confirmed the presence of Ni and Cu sulphide mineralization below the surface exposures. Drill hole FNB004 intersected 5.8 metres grading 0.47% Ni and 0.64% Cu, and FNB005 intersected 1.0 metre grading 0.86% Ni and 2.50% Cu. Sulphide mineralization is associated with a more mafic portion of the Raglan metagabbro complex, and may be related to a feeder to the main intrusive body.
Raglan Nickel Showing
Hole |
From |
To |
Width |
Ni |
Cu |
Pt |
Pd |
Pt+Pd |
ID |
(m) |
(m) |
(m) |
(%) |
(%) |
(gpt) |
(gpt) |
(gpt) |
FNB004 |
24.00 |
29.80 |
5.80 |
0.47 |
0.64 |
0.037 |
0.168 |
0.205 |
FNB005 |
19.40 |
20.40 |
1.00 |
0.86 |
2.50 |
0.020 |
0.315 |
0.335 |
All assay intervals reported are core length and do not represent true widths (defined as being measured at right angles to the direction of extension of the sulphide body). All other assay samples are pending
Borehole UTEM geophysical surveys have been completed by Lamontagne Geophysics Ltd on all of the holes drilled by the Joint Venture on the Raglan Hills property. First Nickel has submitted the data to an independent geophysical consultant for interpretation. A follow-up exploration program will be designed after receipt of all assays and a review of the borehole geophysical interpretation.
The diamond drilling program was designed and carried out under the supervision of First Nickel's Senior Geologist, Scot Halladay, P.Geo. a "qualified person" as defined by National Instrument 43-101. The information in this release was prepared under the direction of Paul Davis, P.Geo., Vice President of Exploration for First Nickel Inc., a "qualified person" as defined by National Instrument 43-101. First Nickel Inc. follows a rigorous QA/QC protocol on all of its exploration projects. Drill core of interest (NQ size) is sawn in half, with one half retained for future reference and one half sent to a commercial laboratory, SGS Laboratories in Lakefield, Ontario. A rigorous quality assurance/quality control program is employed which includes the insertion of standards and blanks for each batch of samples.
About First Nickel Inc:
First Nickel is a Canadian mining and exploration Company. Its current activities are primarily focused on the Sudbury Basin in northern Ontario, the location of the company's redevelopment stage property (the Lockerby Mine) and two of its exploration properties. First Nickel also has exploration properties in the Timmins region of northern Ontario and the Belmont region of Eastern Ontario. First Nickel's shares are traded on the TSX under the symbol FNI.
About Pacific North West Capital Corp:
Pacific North West Capital Corp. (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J.F) is a mineral exploration company focused on Platinum Group Metals (PGM), precious and base metals. Management's corporate philosophy is to be a Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major and junior mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, First Nickel, Kinbauri Gold and Fire River Gold. Pacific North West Capital Corp. is well funded with an experienced management team and the ability to take advantage of the tremendous opportunities that are available in the mining sector today. Our focus will be to acquire advanced stage precious metals projects, continue to expand our PGM and base metals division and to look for special situations and under-funded projects in the resource sector.
Pacific North West Capital Corp. has approximately $4.8 million in working capital and securities.
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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
The Toronto Stock Exchange have not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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. Not to be construed as an offer to buy or sell securities of this company.
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This email should not be construed as an offer to buy or sell securities of Pacific North West Capital Corp.
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Pacific North West Capital Corp.
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EXPLORATEUR |
CODE : PFN.TO |
ISIN : CA6949161070 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Pacific NorthWest est une société basée au Canada. Pacific NorthWest détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont NIXON FORK en USA et GLITTER LAKE, RAGLAN HILLS, RIVER VALLEY, COLDWELL, SWAYZE, ROCK & ROLL, NICKEL PLATS et DESTINY GOLD au Canada. Pacific NorthWest est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 1,4 millions CA$ (1,3 millions US$, 927 314 €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2003 à 1,40 CA$, et son plus bas niveau récent le 13 janvier 2014 à 0,02 CA$. Pacific NorthWest possède 91 619 461 actions en circulation. |
Présentations des Compagnies de Pacific North West Capital Corp. |
Rapports annuels de Pacific North West Capital Corp. |
Financements de Pacific North West Capital Corp. |
Nominations de Pacific North West Capital Corp. |
Projets de Pacific North West Capital Corp. |
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Communiqués de Presse de Pacific North West Capital Corp. |
09/01/2014 | Announces Voluntary TSX Delisting, TSX Venture Listing and 3... |
24/10/2013 | Platinum Group Metals Update |
25/07/2013 | Announces First Tranche Closing |
02/11/2012 | letter |
10/09/2012 | Announces Results of AGM and Change of Director |
20/03/2012 | (River Valley)Announces High Grade PGM Results at Depth in Dana South Zone... |
21/02/2012 | (River Valley)Completed the First Component of the Environmental Baselines... |
10/01/2012 | (River Valley)Announces Additional High Grade PGM Results for its River Va... |
09/01/2012 | Launches Online Investor Relations and Social Media Program ... |
13/10/2011 | (River Valley)Excellent Drill Results Continue at Pacific North West Capit... |
04/08/2011 | Reports Significant Rhodium Concentrations of Up
To 0.17... |
26/07/2011 | (River Valley)- PFN Reports On Geochemical Study for
Predicting Five-E... |
27/04/2011 | (Rock & Roll)New NI43-101 Resource on the Rock & Roll Gold-Silver-Polymet... |
16/04/2011 | An Interview of Harry Barr, President of Pacific North West ... |
15/03/2011 | Closes $3,000,000 Non-Brokered Private Placement |
15/03/2011 | Closes $3,000,000 Non-Brokered Private
Placement |
01/09/2009 | Acquires Option on Destiny Gold Project, Québec |
19/08/2009 | Option to Acquire 100% of Rock & Roll Property, British Colu... |
22/12/2008 | President's Message |
18/12/2008 | Announces Option to Acquire The Nixon Fork Gold Mine in Cent... |
16/12/2008 | Options Fiedmont Platinum Group Metals (PGM) Property |
27/11/2008 | Visit Pacific North West Capital at the 2008 Hard Assets Inv... |
19/11/2008 | and Benton Resources Corp. Announce Drill Results from the S... |
30/09/2008 | and Benton Resources Commence Drill Program on Heenan Proper... |
08/09/2008 | Thunder Target Update |
03/09/2008 | "Major producer teams up with junior to explore Southwest Al... |
03/07/2008 | Benton Resources Complete Helicopter-borne Magnetic and VTEM... |
18/04/2008 | Completes VTEM Geophysical Survey Over Nickel Plats Project... |
07/04/2008 | to Attend European Gold Forum |
27/02/2008 | & SOQUEM Agree to Phase III PGM Budget |
17/12/2007 | President's Letter 2007 |
05/11/2007 | Phase 9B $525,000 Exploration Budget on River Valley, Valley... |
11/10/2007 | Completes Phase III Acquisition Program, Nickel Plats Projec... |
18/09/2007 | Acquires Three New PGM Projects, Coldwell Complex, Ontario |
13/08/2007 | President's Message / 2007 Summer Update |
28/06/2007 | announces Completion of Phase II Nickel Acquisition, Saskatc... |
21/06/2007 | Joins Benton and Teck in Search for Nickel in Labrador |
19/06/2007 | Nickelmuir Project Acquired, Timmins, Ontario - Aggressive N... |
14/06/2007 | Phase I Nickel Acquisition Program Completed Saskatchewan, P... |
16/05/2007 | Corp. (PFN.TSX) joins Golden Chalice Resources (GCR.TSX-V) i... |
14/05/2007 | / SOQUEM Acquires First Round of Platinum Group Metals Prope... |
11/05/2007 | / Xstrata Nickel commence drilling at West Timmins Nickel Pr... |
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