Pacific North West provides Agnew initial results
Pacific North West Capital Corp PFN
Shares issued 16,175,375 Oct 4 close $0.65
Wed 4 Oct 2000 News Release
Mr. Harry Barr reports
Pacific North West Capital (PFN) has provided the following update on
exploration work. PFN recently began a fall exploration program on the
Agnew property, located 60 kilometres west of Sudbury, consisting of
prospecting and mapping, and surface induced polarization (I.P.) surveys.
The surface sampling program is aimed at confirming the presence of
sulphide associated PGM mineralization within the contact environment of
the intrusion. To date, surface grab samples have assayed up to 2.84 grams
per tonne (g/t) Pt+Pd+Au from the A zone, 3.06 g/t Pt+Pd+Au from the B
zone, 5.61 g/t from the B2 zone and 2.39 g/t Pt+Pd+Au from the C zone.
Together, these zones cover approximately seven kilometres of the
favourable intrusive contact, which extends for a distance of at least 13
kilometres. The Agnew property is under option from New Millennium Metals
Corp. Inc.
PFN will soon begin detailed sampling on its Lac Panache property, located
40 kilometres southwest of Sudbury. The property overlies a large Nipissing
Diabase sill (Bassoon Lake intrusion) that is host to recently discovered
sulphide-associated PGM mineralization which assays up to 1.7 g/t Pt+Pd+Au.
During July and August, PFN completed surface mapping and sampling, a
surface I.P. survey and stripping in the area of the main sulphide showing.
Exploration targets
PFN's Sudbury properties consists of two main target types: gabbro
intrusions in the form of sills, dikes and cone sheets that are referred to
as Nipissing diabase (Lac Panache, Janes and Kelly) and large layered
intrusions that include the River Valley and Agnew (Shakespeare-Dunlop)
intrusions.
Nipissing diabase (gabbro) targets are potential small tonnage (less then
three million tonnes), high grade (more than three g/t PGM, 1.5 per cent
Cu+Ni) deposits amenable to open pit mining methods.
The River Valley and Agnew Intrusions are potential large tonnage (more
than 20 million tonnes, one to three g/t PGM, 0.2 per cent Cu+Ni) deposits,
amenable to open pit mining.
PFN is actively pursuing additional platinum group minerals exploration
opportunities in Canada and abroad.
WARNING: The company relies on litigation protection for "forward-looking"
statements.
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