🕐15.06.11 - 19:27 Uhr
DRILLING PHASE IB BEGINS, RIVER VALLEY PGM PROJECT, SUDBURY, ONT. HOLES DN005 &a
mp; 6 CONTINUES TO EXPAND KNOWN MINERALIZATION, 2.15 GPT (0.07OPT), 3E* OVER 24M (78.72 FEET) IN DN006-2011
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Re: News Releases - Wednesday, June 15, 2011
Drilling Phase IB begins, River Valley PGM Project, Sudbury, Ont.
Holes DN005 & 6 continues to expand known mineralization, 2.15
gpt (0.07opt), 3E* over 24m (78.72 feet) in DN006-2011
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- River Valley is one of North Americas newest and largest standalone
Platinum Group Metals (PGM) Projects.
- The Companys objective for the project is to define and develop a
bulk mineable PGM deposit.
- Results of drill hole DN005 and DN006:
- 2.15 gt,( 0.07 opt), 3E over 24 metres ( 78.72 ft) in hole
DN006-2011
- including 3.41 gt,(0.1 opt), 3E over 6 m (19.7ft)
- including 1.95 gt (0.06 opt), 3E over 3m (9.8ft)
- including 2.22 gt (0.06 opt), 3E over 10m (32.8 ft)
- 1.6 gt,( 0.05opt), 3E* over 6 metres (19.7 ft) in hole DN005-2011
- including 2.31 gt, (0.07 opt ), 3E over 2m (6.6ft)
- And 1.55 gt,( 0.04 opt), 3E over 8 m (26.2ft)
- Results to date demonstrate predictable grade to depth with
significant high grade components over broad intersections.
- Phase IB is Part of a $5 million 15,500 metre exploration and drill
program
- A Second Phase 3D IP program has been initiated as part of a four
Phase geophysical program.
The objective of utilizing this new
technology is to expand the existing resources and to define additional
drill targets along the 9kms of known mineralization.
*3E=Pt+Pd+Au
June 15th 2011 Vancouver, Canada.
Pacific North West Capital Corp.
("PFN") (TSX: PFN; OTCQX: PAWEF; FSE: P7J) is pleased to report
mineralization intersections from two holes of the 15 holes completed
to date from the 2011 Phase IA drill program in the Dana North area of
the Companys 100% owned River Valley Platinum Group Metals (PGM)
Project near Sudbury, Ontario.
Results from holes DN005-2011 and DN006 are reported below.
DN005-2011
and DN006-2011 were, collared at section 10450, and continue to expand
the known mineralization and confirm the presence of higher-grade
sulphide-associated PGM (Pt+Pd+Au) values that occur within a broad
lower-grade mineralization envelope.
Please click on the hyperlink below to view entire news release:
http://www.pfncapital.com/s/NewsReleases.asp?ReportID=462418
On behalf of the Board of Directors
"Harry Barr"
Harry Barr, President & CEO
**************************************************************
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 Wed Jun 15, 2011 at 9:43:25 AM Pacific Time
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