www.pfncapital.com
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, the Company's current option/joint ventures agreements are with Anglo Platinum, First Nickel and Alto Ventures. In addition, Pacific North West Capital Corp. is also the majority shareholder of Fire River Gold Corp (FAU:TSX.V) who is currently developing the Nixon Fork Gold Mine in Alaska.
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 says drilling at Rock & Roll gold-silver-copper-lead-zinc project confirm
Pacific North West Capital Corp (TSX: PFN, OCTBB: PAWEF, Frakfurt: P7J) reported results from its recent diamond drilling programme on the Rock & Roll project in British Columbia, where it intersected grades of up to 296.2 g/t (grammes per tonne) as well as high base metal grades, which to confirm original assay data.
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.
