Pacific North West and Alto Ventures intersect high-grade gold

Pacific North West Capital Corp (TSX: PFN, OTC: PAWEF, FSE: P7J) and Alto Ventures Ltd. (TSX-V: ATV) said the first two holes of the Phase II drilling program at the DAC deposit at the Destiny gold project, Quebec, intersected multiple gold zones. The Phase II drilling program on DAC has now been completed.

The partners said that the high grades and multiple gold zones confirm the robust nature of the gold system and demonstrate the potential to significantly expand the DAC deposit with additional drilling.
 
Drill hole DES10-135, included high grades of 51.66 grams per tonne (gpt) and 12.69gpt both over 0.5m widths. The companies said that the high grades are contained within a zone of strong shearing, alteration and quartz veining that averages 2.83gpt gold across 12.25m. Additionally several other gold anomalous zones were intersected in DES10-135, including a foot-wall zone near the bottom of the hole that averages 3.35gpt gold over 2.9m and contains a high grade vein assaying 12.84gpt gold over 0.65m.

According to the drilling update, DES10-135 intersected gold mineralization at depths exceeding 500m and the mineralization remains open. The update also noted that very fine grained free gold was observed at several intervals within DES10-135.

Drill hole DES09-134 also contained multiple intersections, albeit at lower grades, with the highest grading 2.54gpt gold across a width of 1m. With three other intersections graded between 0.28gpt and 0.53gpt with widths between 9.8m and 16.1m.

The true widths are estimated to be approximately 80-90% of the down-hole lengths reported, base on core-angles and previous drilling.

The 2,000m Phase II drilling covered five separate holes. The joint venture partners are currently evaluating the results, with core logging and sampling of the remaining three holes is in progress. According to the JV, the results of the last three drill holes will be released as they become available.

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.