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 7.515

-0.1%

Nov 7 4:00 PM EST

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To: koan who wrote (1968)	8/23/2000 8:49:51 AM
From: Brumell	Read Replies (1) of 2255

This is the kind of news we've been waiting for. _________________________________________________________ FOR: PACIFIC NORTH WEST CAPITAL CORP. S.E.C. 12g(3) exemption # 82-4828 CDNX SYMBOL: PFN AUGUST 23, 2000 - 08:19 EDT New Mineralized Zone Exposed by Stripping; River Valley Platinum Group Metal Project Sudbury Mining District, Ontario VANCOUVER, BRITISH COLUMBIA--Initial stripping and sampling programs carried out along the favourable intrusive contact which extends southeast from the Dana Lake Zone (main drilling area), have returned individual sample values as high as 6.9 g/t PGM. Mineralized magmatic breccias 20m or more in width adjacent to the basal intrusive contact have been exposed on L18(plus)75S E. The outcrop exposed was sampled on a 2.5m x 2.5m grid. Samples were taken with a diamond saw and have dimensions approximately 25cm x 5cm x 5cm. Additional stripping is continuing to test the I.P. targets, which extend for an additional 3km to the southeast. The stripping program is evaluating extensive I.P. (high chargeability) anomalies which parallel the contact and which mirror those found associated with platinum group mineralization (PGM) at Dana Lake. This mineralized area will be a new prime target when drilling resumes in early September. These initial results are highly encouraging and provide significant encouragement for additional stripping and delineation of drill targets. 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 has recently increased its budget by 50%. Exploration expenditures will total $1.5 million on River Valley and other PFN projects in 2000. NOTE: Location map available from the company at the number(s) listed below or on the CCN Disclosure website at www.cdn-news.com -30- FOR FURTHER INFORMATION PLEASE CONTACT: Pacific North West Capital Corp. Harry Barr President (Toll Free) 1-800-667-1870 (604) 685-8045 (FAX) Email: ir@pfncapital.com Website: www.pfncapital.com The Canadian Venture Exchange has not reviewd and does not accept responsibility for the adequacy or accuracy of this release.

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