Pacific North West Capital Corporation-PFN on Alberta Message Board

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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta

PFN 7.570

+0.1%

Nov 12 4:00 PM EST

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To: Brumell who wrote (1885)	7/21/2000 12:14:30 AM
From: Brumell	Read Replies (1) of 2255

Figured someone would have this up by now. This thread has been pretty calm about things. __________________________________________________________ Re: News Release - Thursday, July 20, 2000 Pacific North West Capital Completes Phase II Drill Program on its River Valley Platinum Group Metal Property - Sudbury, Ontario =========================================================================== Accompanying Map: pfncapital.com 100 KB in size, approx. 52 seconds to download at 28.8Kbs The Management of Pacific North West Capital Corp. ("PFN") is pleased to announce it has completed the Phase II drill program on the River Valley Platinum Group Metal Property. The program which comprised 14 holes totalling 2700m was completed on July 17th, 2000. Core logging and sampling is now in progress and initial assay results will be reported by the end of July or shortly thereafter. Phase II drill holes were designed to test the dip, width and depth extent of the mineralization at the Dana Lake Zone. Data from the Phase II drill program will be plotted and interpreted during August. A Phase III drill program is slated to begin at the end of August. The River Valley Project is funded through an agreement with Anglo American Platinum Corporation Limited ("Amplats"), the world's largest platinum producer, which can earn a 50% interest in various PFN properties in the Sudbury area by paying $300,000 for the option (payment made) and spending $4 million on exploration; a 60% interest by completing a feasibility study; and 65% by financing the property through to production. In addition to funding, Amplats is providing PFN with technical expertise in its search for Platinum Group Metal deposits. PFN remains operator of the projects. Amplats is funding a minimum $1 million exploration program on River Valley and other PFN projects in 2000. For further information please call our investor relations department at 1-800-667-1870 or visit our website at www.pfncapital.com ON BEHALF OF THE BOARD OF DIRECTORS Harry Barr, President

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