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 starts 2010 exploration program on Rock and Roll project in British Columbia
Pacific North West Capital (TSX: PFN; OTCBB: PAWEF; FSX: P7J) said Monday it has begun the 2010 exploration program for its Rock and Roll Gold-Silver-Polymetallic project, located in Northern British Columbia.
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.
