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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta
PFN 7.435-0.2%Jan 20 4:00 PM EST
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To: Just G who wrote (182)6/6/1999 6:17:00 PM
From: John E.Quinn  Read Replies (1) of 2255
 
Gopher:

As R.D.Hickey (PFN Director) pointed out in his Summary Points on Recent Drill Program " a number of analyists,newsletter writers,and major mining companies are showing great interest."

Pfn has only spent a portion of the $500,000 budgetted for this season's exploration and the are presently doing the field work needed to start the next drill phase.They are agressively proceeding on both the Nipissing Diabase and the River Valley Intrusion.Although these are seperate and distinct anomalies they are only about six kilometers apart and as such It is most likely that any deal with a major would involve the properties in thier entirity.Therefore in answer to your question about the near term,I would expect that decissions by the majors will be made within days so as the exploration can be advanced expeditiously.

Regards : John
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