The 2010 Rock and Roll exploration program is focusing primarily on re-sampling previous drill core, and geological mapping and prospecting designed to verify several previously-identified geophysical electromagnetic anomalies.

At the end of the program, the company is aiming to complete an updated NI 43-101 compliant report and resource estimate.

The Rock and Roll project, which consists of 11 claims totalling 4244 ha, hosts precious metals rich, volcanogenic massive sulphide mineralization.

The mineralization occurs in multiple stacked sulphide lenses in two zones, the Black Dog and SRV zones, over a strike length of approximately 950 metres, and shows similarities to the gold and silver rich mineralization of Barrick Gold's past producing Eskay Creek mine, the company said.

A total of approximately 14,000 metres of core drilling in 110 drill holes was completed on the property from 1991 to 1997. Only six drill holes tested the host stratigraphy outside of the known mineralization, but at least 5 km of strike length of the prospective lithologies is present on the property, according to Pacific North West.

In 2009, Pacific North West conducted a drilling program consisting of a total of 540 metres of core drilling in five holes.
The first four holes were designed to test gaps in the historic drilling on the Black Dog Zone, in order to establish the degree of continuity of the mineralization and to confirm the historic geological model.

Each of the infill drill holes encountered the target mineralization, confirming the continuity of the sulphide lenses and the validity of previous geological interpretations, the company said.

Highlights of this program include intersections of up to 1.31 g/t gold, 296.2 g/t silver, 0.46% copper, 1.25% lead, and 3.99% zinc over 3.14 metres in drill hole RR09-107.

The company has carried out approximately $450,000 of exploration on the Rock and Roll project to date.

The property is under option from Equity Exploration Consultants, First Fiscal Enterprises and Pamicon Developments. Under the terms of the option agreement, Pacific North West can earn a 100% interest in the property over four years by spending $2 million in exploration costs, paying $130,000 and providing a total of 600,000 of its shares to the vendors.

The Rock and Roll project is located in the Liard Mining District, approximately 9 km west of the Bronson airstrip and exploration camp in northern British Columbia.

Pacific North West also has current option/joint ventures agreements with Anglo Platinum, First Nickel and Alto Ventures.

The final three holes are DES10-136, DES10-137 and DES10-138.

Drilling continued to intersect multiple gold zones with high grade values over significant widths, including DES10-137 which intersected 20.85 grams per tonne gold over 1.1m, within a vein zone that averaged 8.46gpt over 3m.  DES10-136 included 3.95gpt over 1.6m from 460.9-461.5m.

DES10-137 also intersected another gold zone containing 12gpt gold over 0.5m within a quartz-veined shear zone averaging 1.16 gpt gold over 6.6m and a massive sulphide lens assaying 6.4% zinc over 1m. The geologists believe that the base metals are indications of an earlier copper-zinc-gold massive sulphide system that has been subsequently overprinted by the gold enriched shear zones.

Drill hole DES10-138 was drilled to test an IP geophysical anomaly approximately 100m south of the DAC Deposit. Having hit bedrock at 22m, a mineralized shear zone averaging 0.39gpt gold was intersected immediately. The partners state that the shear zone is the near-surface projection of the southern most gold zone of the DAC Deposit.

DES10-138 intersected other areas of shearing from 89-94.4 m where the shear zone contains a one metre wide mineralized quartz vein that assays 2.57gpt gold. This is a new vein system that is similar in appearance to the high grade quartz veins of the DAC Deposit.

The drill hole continued to cut intermittent shearing and veining from 106-152m, and scattered anomalous gold values up to 1.36gpt gold over 1.3m are associated with some of the quartz veins. DES10-138 ended in a gold bearing shear zone, with the last sample of the Phase II program containing 0.81gpt gold from 151.2-152m.

“New discovery of quartz veins and shearing throughout DES10-138 is very significant as it indicates that the previously untested areas are targets with excellent potential for finding additional gold zones at shallow depths just south of the DAC Deposit”,  the partners stated.

The Phase I and Phase II programs are designed to expand the known NI43-101 compliant resources at the DAC deposit through infill and step-out drilling. The Phase III program is slated for later this year, once the Phase II results are have been incorporated into the DAC deposit database.

In total the Phase I program consisted of 14 holes combining 5,600m. Previously on the 28 February, the companies announced the final results of Phase I. According to the JV partners, significant gold values were obtained in every hole drilled, including high grade quartz veins containing up to 44.39 grams per tonne (gpt) gold and wide mineralized shear zones including 21m averaging 1.39gpt gold. The results from the Phase I drilling program are very positive as they validate the deposit model and confirm continuity of gold mineralization between previous wide-spaced holes, the partners said.

The Destiny gold project is approximately 75 kilometres north of Val d'Or in Quebec. The property hosts a similar geological environment to the shear-hosted high grade quartz of the main Val d'Or gold belt. The DAC deposit currently has a NI 43-101 compliant indicated resource of 166,863 tonnes grading 6.88 grams per tonne (g/t) gold and an inferred resource of 444,753 tonnes grading 4.46 g/t gold.

The Phase I and Phase II programs were managed by Alto. Pacific North West has funded the C$600,000 Phase I program and will continue to fund Phase II. The Destiny project is being developed under an option agreement between the Canadian mineral explorers, whereby Pacific North West can earn 60% interest in the property over a four year period subject to the completion of C$3,500,000 in exploration expenditures. Under the terms of the agreement, the company also pays Alto $200,000 in cash and 250,000 common shares.

The final results were from the two remaining holes from phase I. Hole DES09-132 included 5.2m averaging 1.48gpt gold and DES09-133 intersected 4.43gpt gold across 2m within a 26m wide section averaging 0.89gpt gold. Additionally DES09-133 also cut 5.72% zinc and 21gpt silver across a 0.85m wide semi-massive sulphide zone. The semi massive sulphide section cut in DES09-133 is part of a regionally extensive horizon that was intersected intermittently by previous drilling on the property, the JV said. 

In total the program consisted of 14 holes combining 5,600m. According to the JV, significant gold values were obtained in every hole drilled, including high grade quartz veins containing up to 44.39 grams per tonne (gpt) gold and wide mineralized shear zones including 21m averaging 1.39gpt gold. Results from the Phase I drilling program are very positive as they validate the deposit model and confirm continuity of gold mineralization between previous wide-spaced holes, the statement said.

The Destiny project is being developed under an option agreement between the Canadian mineral explorers, whereby Pacific North West can earn a 60% interest in the property over a four year period subject to the completion of C$3.5 million in exploration expenditures. Under the terms of the agreement, the company also pays Alto C$200,000 in cash and 250,000 common shares. Alto Resources is acting as the Destiny program manager.

The JV aims to expand the current NI-43-101 resources at the DAC deposit through infill and step-out drilling. The DAC zone currently hosts a NI 43-101 compliant indicated resource of 166,863 tonnes grading 6.88 gpt gold and an inferred resource of 444,753 tonnes grading 4.46 gpt gold, equating to a current resource of 36,892 ounces in the indicated and 63,839 ounces in the inferred category.

Phase 2 of the exploration campaign began at the end of January.

Pacific North West Capital has optioned the project from Atlo Ventures, and can earn up to 60% in the project by expending $3.5 million over  four year period.  Pacific North West Capital also paid Alto Ventures $0.2 million and issued 250,000 shares.

Today the two companies reported high grade intercepts, including 33.57 grams per tonne (g/t) gold over 0.5 meters; 7.2 g/t gold over 0.5 meters; 5.3 g/t over 2 meters; and 5 g/t over 1.4 meters. The high grade veins occur within a wider zone of shear-related alteration that included 21 meters averging 1.39 g/t gold and 22.4 meters averaging 0.91 g/t gold.

“The first five holes of the drilling program intersected multiple high grade mineralization zones,” Pacific North West Capital noted. “…these latest results confirm the large size of the gold system at the DAC zone.”

The drill results released today were part of a 14 hole, 5,600 meter program, completed in December 2009, which was designed to expand the current National Instrument (NI) 43-101 resource at the DAC zone (indicated resource of 166,863 tonnes grading 6.88 g/t gold and an inferred resource of 444,753 tonnes grading 4.46 g/t gold.)
Assay results for another six holes are pending.

“The results from the first eight holes are very positive as they confirm continuity of gold mineralization between holes drilled previously, some of which were spaced from 100m up to 200m apart” Pacific North West Capital stated.  “The mineralization remains open along strike and at depth.”

Phase II drilling is expected to commence in February.

Pacific North West Capital has optioned the project from Atlo Ventures, and can earn up to 60% in the project by expending $3.5 million over  four year period.  Pacific North West Capital also paid Alto Ventures $0.2 million and issued 250,000 shares.

Today the two companies reported high grade intercepts, including 33.57 grams per tonne (g/t) gold over 0.5 meters; 7.2 g/t gold over 0.5 meters; 5.3 g/t over 2 meters; and 5 g/t over 1.4 meters. The high grade veins occur within a wider zone of shear-related alteration that included 21 meters averging 1.39 g/t gold and 22.4 meters averaging 0.91 g/t gold.

“The first five holes of the drilling program intersected multiple high grade mineralization zones,” Pacific North West Capital noted. “…these latest results confirm the large size of the gold system at the DAC zone.”

The drill results released today were part of a 14 hole, 5,600 meter program, completed in December 2009, which was designed to expand the current National Instrument (NI) 43-101 resource at the DAC zone (indicated resource of 166,863 tonnes grading 6.88 g/t gold and an inferred resource of 444,753 tonnes grading 4.46 g/t gold.)
Assay results for another six holes are pending.

“The results from the first eight holes are very positive as they confirm continuity of gold mineralization between holes drilled previously, some of which were spaced from 100m up to 200m apart” Pacific North West Capital stated.  “The mineralization remains open along strike and at depth.”

Phase II drilling is expected to commence in February.

The 2009 drilling program consisted of a total of 540m (metres) of core drilling completed in five holes with the first four holes designed to test gaps in the historic drilling on the Black Dog Zone to establish the degree of continuity of the mineralization and to confirm the historic geological model. Each of the infill drill holes encountered the target mineralization, confirming the continuity of the sulphide lenses and the validity of previous geological interpretations.

The intersections from the drilling programme included 1.13m grading 1.14 g/t gold, 120.4 g/t silver, 0.32% copper, 0.30% lead and 1.23% zinc, 2.04m at 72.2 g/t silver, 0.27%, 0.24% lead and 1.63% zinc, 19.41m at 57.9 g/t silver, 0.19% copper, 0.24% lead and 0.91% zinc, 38.71m at 18.3 g/t silver, 0.13% copper and 0.72% zinc, including 12.97m at 28 g/t silver, 0.21% copper and 1.07% zinc.

PFC said that the final drill hole of the program tested a strong electromagnetic anomaly that may represent the westward continuation of the Black Dog Zone, where minor sulphide mineralization was encountered near the bottom of the hole, but failed to return any significant assays. Further investigations are required to test for a westward extension of the main zones of mineralization.

Additional core sampling is planned to provide basis for updated resource estimate, while planning for an expanded 2010 drilling programme and phase II drilling is underway.

The company has also said it was involved in discussions with potential partners over a possible option/joint venture agreement.

Known mineralization on the property occurs as multiple stacked sulphide lenses in two zones, the Black Dog and SRV, over a strike length of approximately 950 metres. The Black Dog zone hosts an historic, non-NI 43-101 compliant, indicated resource of 580,544 tonnes grading 2.4 g/t gold, 335.9 g/t silver, 0.64% copper, 0.79% lead, and 3.1% zinc.

The Rock and Roll Project is under option from Misty Creek Venture, First Fiscal Enterprises and Pamicon Developments. Under the terms of the option agreement, PFN can earn a 100% interest in the property over a four year period by completing C$2,000,000 in exploration expenditures, paying C$130,000 and providing a total of 600,000 PFN shares to the vendors.

The property consists of 11 claims totalling 4244 ha (hectares) and is located in the Liard Mining District approximately 9 km west of the Bronson airstrip and exploration camp in northern British Columbia.

The programme will consist of 14 diamond drill holes for a total 5,000 metres and will be followed by an updated resource estimate expected in early 2010, PFN said in a statement.

Drilling at the DAC zone at Destiny, which has four to five identifiable intervals of quartz veining and shear-related alteration zones, previously intersected up to 178.5 grammes per tonne of gold over 1 metre. The zone hosts a NI 43-101 compliant indicated resource of 166,863 tonnes grading 6.88 g/t gold for a total 36,892 ounces and an inferred resource of 444,753 tonnes grading 4.46 g/t gold for a total 63,839 oz.

North West said that the occurrence of gold mineralisation in the Darla zone, where drilling intersected 19.5 g/t gold across 2.1m and 20.6 g/t over 0.8m, as well as at DAC and the 20 and 21 zones indicated that the mineralisation system occurred across a significant portion of the property.

The Destiny gold project is under an option agreement to PFN, which will pay Alto Ventures C$200,000, provide it with 250,000 common shares in the company and complete a total of C$3,500,000 in exploration expenditure over four years to earn a 60% interest in the project.

The property hosts precious metals rich, volcanogenic massive sulphide mineralization, showing similarities to the gold and silver rich mineralization of Barrick Gold Corp’s (TSX, NYSE: ABX) past producing Eskay Creek mine.

PFN can earn a 100 percent interest in the property over a four year period by completing C$2 million in exploration expenditures, paying the vendors C$130,000 and providing them with a total of 600,000 PFN shares.

The vendors will retain a 2 percent net smelter royalty, of which 1 percent can be bought for C$3 million. Rock and Roll is also subject to an underlying NSR of 2 percent, and an underlying net profits interest of 15 percent, both of which payable to Prime Equities International Corp, and both can be bought for C$1.5 million each.

Known mineralization on the Rock and Roll property occurs in two zones, the Black Dog and SRV zones, over a strike length of approximately 950 metres.

A total of approximately 14,000 metres of core drilling in 110 holes was completed on the property from 1991 to 1997. Only six drill holes probed outside of the known mineralization. Historic drilling has tested the known mineralization down to depths of only about 160 metres, thus there is the potential for additional mineralization along strike and at depth.

A 350 line kilometre AeroTem3 helicopter-borne magnetic/electromagnetic survey covering the property was completed in early August. Following interpretation of the airborne survey, a crew will be mobilized to ground truth anomalies. The crew will also complete re-sampling and partial re-logging of the existing core to evaluate historic results and interpretations.

Upon receipt of permits, a drill will be mobilized to Rock and Roll to complete infill drilling on the known areas of mineralization and to test anomalies identified by the airborne survey. Drilling is expected to commence in mid-September.