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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: koan11/21/2006 1:34:17 PM
   of 78417
 
Pacific North West channels Pd to Pt of one to four

2006-11-21 10:10 ET - News Release
Shares issued 35,182,452
PFN Close 2006-11-20 C$ 0.365

Mr. Harry Barr reports

PACIFIC NORTH WEST CAPITAL - PHASE 9A $1,100,000 EXPLORATION UPDATE

Pacific North West Capital Corp. is reviewing its River Valley PGM project, Sudbury, Ont. The $1.1-million phase 9A budget is nearing completion. The objective was to extend the platinum group metal (PGM) mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization.

Detailed one-to-5,000-scale geological mapping and prospecting in the target zones southwest of the current indicated resource has outlined a 400-plus-metre-wide interval of olivine gabbronorite and leucogabbro/gabbro units from which scattered significant PGM grades have been obtained.

Compilation and reinterpretation continued throughout October and detailed follow-up work on these areas is proposed for early 2007.

The style of mineralization at the phase 9A zone is different from those at the defined resources at Dana, Lismer and Varley.

Over 220 samples were collected from new areas in the River Valley intrusion during October, with 2,334 for the year. Channel sampling at one m, produced significant assay results. Follow-up work is in progress to determine the extent of mineralization by extending the channel sampling, and to delineate drill targets. Significant base metal and PGM values (greater than 250 parts per billion) from grab sampling are presented below, with palladium-to-platinum ratios assaying as high as one to four (Boulder Road) in comparison with the one-to-one ratio assayed for PGM mineralization within the RVI. The average for the current resource (contact zone) is Pd to Pt of three to one. These results are encouraging and a drill program will be proposed to further test mineralization.


SIGNIFICANT CHANNEL SAMPLE ASSAY RESULTS

Area Host rock Au(ppb) Pt(ppb) Pd(ppb) 3E(ppb) Ni(ppm) Cu(ppm)

Dragon Leucogabbro 101 380 280 761 53 723
Dragon Leucogabbro 69 110 116 295 36 417
Dragon Leucogabbro 53 320 241 614 47 428
Dragon Leucogabbro 14 220 154 388 67 144
Dragon Leucogabbro 26 750 533 1309 33 204
Dragon Gabbro 46 580 542 1168 36 123
Dragon Anorthositic
gabbro 63 130 213 406 36 425
Dragon Olivine Gabbro 19 190 289 498 78 627
Dragon Leucogabbro 13 170 219 402 43 232
Dragon Leucogabbro 20 160 196 376 44 274
Dragon Mafic layer 11 120 157 288 46 336
Dragon Gabbro 53 810 769 1632 71 774
Dragon Anorthositic
gabbro 40 80 136 256 94 893
Dragon Anorthositic
gabbro 15 220 334 569 33 346
Dragon Gabbro 102 450 474 1026 73 695
Dragon Gabbro 33 440 252 725 30 254
Dragon Gabbro 42 330 305 677 25 439
Dragon Gabbro 43 330 265 638 35 543
Dragon Gabbro 34 100 80 214 68 416
Boulder Leucogabbro 4 220 21 245 265 69
Boulder Anorthositic
gabbro 10 320 370 700 37 161
E.Casson Gabbro 15 230 152 397 21 136
E.Casson Gabbro 7 170 112 289 14 57
E.Casson Gabbro 7 130 102 239 13 64
E.Casson Gabbro 6 140 111 257 10 49
E.Casson Gabbro 11 140 126 277 12 67
E.Casson Gabbro 8 140 110 258 15 32
E.Casson Gabbro 4 140 88 232 19 27
E.Casson Gabbro 11 120 88 219 12 152
E.Casson Gabbro 40 690 559 1289 18 228
E.Casson Gabbro 18 100 102 220 16 254
E.Casson Gabbro 28 160 127 315 15 72
E.Casson Gabbro 26 160 150 336 14 206
E.Casson Gabbro 31 100 107 238 22 147
E.Casson Gabbro 35 110 79 224 10 113
E.Casson Gab mix 79 130 106 315 13 52
E.Casson Gabbro 6 110 88 204 15 69
E.Casson Gabbro 14 110 109 233 15 148
E.Casson Gabbro 20 210 256 486 16 166
E.Casson Gabbro 11 140 133 284 14 62

SIGNIFICANT GRAB SAMPLE ASSAY RESULTS

Area Host rock Au(ppb) Pt(ppb) Pd(ppb) 3E(ppb) Ni(ppm) Cu(ppm)

Boulder
Road Gabbro 23 320 80 423 41 242
Boulder
Road Gabbro 2 400 50 452 8 32
Boulder
Road Gabbro 57 230 413 700 1370 143
Boulder
Road Gabbro 89 610 162 861 341 341
Boulder
Road Gabbro 8 1920 787 2715 22 127
Boulder Olivine
Road gabbro 39 160 132 331 401 16
Boulder Olivine
Road gabbro 4 260 112 376 47 59
Boulder
Road Pyroxenite 7 130 117 254 7 23
Dragon Anorthositic
gabbro 27 140 139 306 184 33
Dragon Anorthositic
gabbro 34 170 158 362 180 40
Dragon Anorthositic
gabbro 13 270 185 468 195 24
Dragon Anorthositic
gabbro 66 290 336 692 664 50
Dragon Anorthositic
gabbro 10 400 360 770 213 23
Dragon Anorthositic
gabbro 57 470 314 841 26 301
Dragon Anorthositic
gabbro 90 2160 2990 5240 459 60
Dragon Gabbro 32 100 130 262 49 270
Dragon Gabbro 9 120 147 276 103 39
Dragon Gabbro 4 170 185 359 70 12
Dragon Gabbro 1 260 199 460 <1 <1
Dragon Gabbro 18 320 670 1008 334 20
Dragon Olivine
gabbro 65 220 261 546 204 61
Dragon Olivine
gabbro 76 160 406 642 197 94
Dragon Olivine
gabbro 142 1790 1390 3322 291 51
E.Casson Anorthositic
gabbro 11 160 94 265 108 17
E.Casson Anorthositic
gabbro 10 330 286 626 53 23
E.Casson Gabbro 6 110 137 253 13 68
E.Casson Gabbro 10 150 118 278 14 83
E.Casson Gabbro 10 150 120 280 25 236
E.Casson Gabbro 8 170 166 344 123 23
E.Casson Gabbro 5 170 233 408 75 17
E.Casson Gabbro 9 440 237 686 141 12
Lismer Anorthositic
Road gabbro 3 140 147 290 12 63
Lismer Anorthositic
Road gabbro 1 210 130 341 6 8
Lismer
Road Gabbro 5 90 156 251 14 48
Lismer
Road Gabbro 11 130 113 254 136 25
Lismer
Road Gabbro 3 160 103 266 6 26
Lismer
Road Gabbro 15 150 101 266 6 37
Lismer
Road Gabbro 1 180 92 273 8 7
Lismer
Road Gabbro 2 40 231 273 65 22
Lismer
Road Gabbro 16 190 78 284 43 319
Lismer
Road Gabbro 2 140 150 292 5 10
Lismer
Road Gabbro 11 180 140 331 35 369
Lismer
Road Gabbro 2 200 146 348 6 8
Lismer
Road Gabbro 16 140 209 365 1200 431
Lismer
Road Gabbro 6 310 170 486 181 80
Lismer
Road Gabbro 1 260 118 379 10 5
Lismer
Road Gabbro 17 660 226 903 18 102
Lismer Olivine
Road gabbro 4 130 123 257 53 18
Lismer Olivine
Road gabbro 6 180 170 356 55 129
Road Diabase 152 160 163 475 1500 419
Road Diabase 211 200 196 607 2030 331
Road Diabase 341 260 287 888 3050 704
Road Diabase 409 380 382 1171 3700 209
Road Diabase 417 380 405 1202 3430 872
Road Diabase 425 460 442 1327 4080 1280
Road Gabbro 320 320 269 909 2570 651
Road Gabbro 850 550 553 1953 5560 1650
Road Pyroxenite 5 300 261 566 20 85
Road Pyroxenite 16 910 1020 1946 18 55

We seek Safe Harbor.
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