🕐17.05.11 - 16:54 Uhr
PACIFIC NORTH WEST CAPITAL ANNOUNCES 1.3 GT (0.04 OPT), 3E* OVER 65M (213.3 FEET
) AT THE RIVER VALLEY PLATINUM GROUP METALS (PGM) PROJECT, SUDBURY, ONTARIO
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Re: News Releases - Tuesday, May 17, 2011
Pacific North West Capital Announces 1.3 gt (0.04 opt), 3E* over
65m (213.3 feet) at the River Valley Platinum Group Metals (PGM)
Project, Sudbury, Ontario
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- 0.03 opt,( 1.1 gt), 3E* over 164 feet ( 50m) in hole 2011-DN001
- including 0.05 opt,( 1.55 gt), 3E over 36.1 feet( 10 m)
- including 0.04 opt, ( 1.26 gt), 3E over 39.4 feet( 12 m)
- including 0.03 opt, ( 1.16 gt), 3E over 45.9 feet( 14 m)
- 0.04 opt,( 1.3) gt, 3E over 213.3 feet( 65 m) in hole 2011-DN002
- including 0.05 opt,( 1.82 gt), 3E over 39.4 feet( 12 m)
- including 0.09 opt, ( 3.2 gt), 3E over 19.7 feet( 6 m)
- One of North Americas newest and largest stand alone Platinum
Group Metals (PGM) Projects
- Exploration program planned in multi phases, $5 M, including a
15,500 metre drill program
- Phase IA Program includes 3D IP and 3600 metres drilling, nears
completion
- Infill drilling to convert inferred resources to the Measured
and Indicated categories
- 50 Line Km of 3D Induced Polarization (geophysics) completed, an
additional 10 Line Km are in progress.
- All samples from the first four holes were sent to SGS
Laboratories for Platinum, Palladium, Rhodium, Gold, Nickel and Copper
assays, awaiting for the results.
*3E=Pt+Pd+Au
May 17th 2011 Vancouver, Canada -- Pacific North West Capital Corp.
("PFN") (TSX: PFN; OTCQX: PAWEF; FSE: P7J) is pleased to report initial
assays from the first two holes completed during the 2011 Phase I drill
program currently underway in the Dana North area of the Companys 100%
owned River Valley Platinum Group Metals (PGM) Project near Sudbury,
Ontario.
The current drill program involves one drill rig
systematically drilling off sections spaced at approximately 25m
intervals through the +900m long, north-south trending Dana Lake
deposit.
Current drilling has confirmed the presence of significant PGM,
associated with disseminated sulphide mineralization at the Dana North
Area.
The target at Section 10350 was tested with one fence of four holes.
Company has received assay for the first two holes and it is pleased to
announce that both holes intersected significant mineralization.
Holes
2011-DN001 and 2011-DN002 of this fence showed extensive mineralization
assaying 1.1 gt over 50 metres (0.03 opt over 164 feet) and 1.3 gt 3E
over 65 metres (0.04 opt over 213.3 feet) respectively.
Table 1-
Illustrates significant drill intervals in the first two holes.
Please click on the hyperlink below to view entire news release:
http://www.pfncapital.com/s/NewsReleases.asp?ReportID=457547
Pacific North West Capital is a member of the International Metals
Group of
Companies.
http://www.internationalmetalsgroup.com
On behalf of the Board of Directors
"Harry Barr"
Harry Barr, President & CEO
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For further information, please contact our Investor Relations
Department at Toll Free 1-800-667-1870
The Toronto Stock Exchange have not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Disclaimer: This news release may contain certain "Forward-Looking
Statements" within the meaning of Section 21E of the United States
Securities Exchange Act of 1934, as amended.
All statements, other than
statements of historical fact, included herein are forward-looking
statements that involve various risks and uncertainties.
There can be
no assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those
anticipated in such statements.
Important factors that could cause
actual results to differ materially from the Companys expectations are
disclosed in the Companys documents filed from time to time with The
Toronto Stock Exchange, British Columbia.
Not to be construed as an
offer to buy or sell securities of this company.
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Copyright (c) 2011 PACIFIC NORTH WEST CAPITAL CORP.
(TSX:PFN -
OTCBB:PAWEF) All rights reserved.
For more information visit our
website at http://www.pfncapital.com/ or send
mailto:
Message sent on Tue May 17, 2011 at 6:56:01 AM Pacific Time
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