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Additional Information
Market: TSX
Sector: General Mining - Platinum Group Metals
EPIC: PFN
Latest Price: C$0.11  (2.38% Ascending)
52-week High: C$0.37
52-week Low: C$0.09
Market Cap: C$10.11M
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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 commences drilling at Destiny gold project, resource update expected early next year

15th Oct 2009, 3:30 pm Pacific North West commences drilling at Destiny gold project, resource update expected early next year

Pacific North West Capital (TSX: PFN) and Alto Ventures (TSX-V: ATV) commenced drilling on its Destiny gold project in Quebec, aimed at expanding the known resources at the DAC zone through infill and step out drilling.

The programme will consist of 14 diamond drill holes for a total 5,000 metres and will be followed by an updated resource estimate expected in early 2010, PFN said in a statement.

Drilling at the DAC zone at Destiny, which has four to five identifiable intervals of quartz veining and shear-related alteration zones, previously intersected up to 178.5 grammes per tonne of gold over 1 metre. The zone hosts a NI 43-101 compliant indicated resource of 166,863 tonnes grading 6.88 g/t gold for a total 36,892 ounces and an inferred resource of 444,753 tonnes grading 4.46 g/t gold for a total 63,839 oz.

North West said that the occurrence of gold mineralisation in the Darla zone, where drilling intersected 19.5 g/t gold across 2.1m and 20.6 g/t over 0.8m, as well as at DAC and the 20 and 21 zones indicated that the mineralisation system occurred across a significant portion of the property.

The Destiny gold project is under an option agreement to PFN, which will pay Alto Ventures C$200,000, provide it with 250,000 common shares in the company and complete a total of C$3,500,000 in exploration expenditure over four years to earn a 60% interest in the project.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.