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 7.500

0.0%

Nov 4 4:00 PM EST

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To: Brumell who wrote (1978)	8/31/2000 12:50:25 PM
From: Brumell	Read Replies (1) of 2255

Pacific North completes Shakespeare-Dunlop agreement Pacific North West Capital Corp PFN Shares issued 16,175,375 Aug 30 close $0.82 Thu 31 Aug 2000 News Release Mr. Harry Barr reports Further to signing a letter agreement with New Millennium Metals Corporation in relation to the Shakespeare-Dunlop property, it has now executed a full option agreement whereby it can earn 50 per cent of New Millennium's interest in the 6,528-hectare property. The Shakespeare-Dunlop property covers the Agnew Lake layered mafic intrusion situated 60 kilometres west of Sudbury. The intrusion is similar in age and composition to the River Valley intrusion where PFN is currently having considerable success discovering platinum group metal mineralization. The Agnew Lake intrusion is known to contain significant platinum group metal values in magmatic breccias close to its basal contact with older granitic basement rocks. The agreement calls for PFN to make cash payments to New Millennium totalling $200,000 and to complete $500,000 exploration expenditure, all over a period of four years and pay 50,000 PFN shares. PFN currently has two field crews mapping and sampling the favourable contact area which extends for 15 kilometres on the property. Induced polarization surveys will commence along the contact later in September with the objective of defining drill targets. By entering into this option agreement PFN now has substantial interests in two of the three layered mafic intrusions in the immediate Sudbury area (River Valley and Agnew Lake, East Bull Lake) that are most prospective for sulphide associated PGM mineralization. (c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com

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