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 takes 100 pct of Glitter Lake PGM project, Quebec
26th Mar 2009, 3:24 pm
Pacific North West Capital Corp said it has has signed an acquisition agreement with CanAlaska Uranium Ltd under which it will acquire 100 percent interest in CanAlaska’s Glitter Lake platinum group metals property.
CanAlaska will retain a 0.5 percent net smelter return royalty on the Glitter Lake property. Further financial details were not disclosed.
Glitter Lake is located adjacent to the Horden Lake copper-nickel deposit approximately 140 kilometers northeast of Matagami, Quebec. Horden Lake, currently being re-evaluated by Southampton Ventures Inc, hosts a non-NI-43-101 compliant in situ geological resource estimated at 1,238,333 tonnes probable reserves averaging 1.91 percent copper, 0.40 percent nickel, and 4,365,428 tonnes possible reserves averaging 1.27 percent Cu and 0.38 percent Ni.
Pacific North West is seeking a joint venture partner to further explore Glitter Lake.
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