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Additional Information
Market: TSX
Sector: General Mining - Platinum Group Metals
EPIC: PFN
Latest Price: C$0.11  (16.67% Ascending)
52-week High: C$0.37
52-week Low: C$0.09
Market Cap: C$9.88M
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Pacific North West Capital Corp
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.

Full Pacific North West Capital Corp profile here
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Pacific North West Capital reports multiple high grade veins at Destiny Gold Project

18th Jan 2010, 10:11 am

Pacific North West Capital (TSX: PFN; OTCBB: PAWEF) and Alto Ventures (TSX-V: ATV) reported results from three diamond drill holes completed at the DAC Deposit on the Destiny Gold Project in Québec.  The Destiny Gold Project is located approximately 75 kilometres north-west of Val d’Or.


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.

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