SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Precious and Base Metal Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: E. Charters who wrote (27223)1/19/2004 12:59:51 PM
From: VAUGHN  Read Replies (1) of 39344
 
Hello Eric

From CC this A.M.:

Pacific Northwest Capital (PFN : TSX : $1.03) reported additional results on January 15 from exploratory drilling on the River Valley PGE prospect in Ontario. The project is optioned to Anglo Platinum, which may earn a 60% interest by taking the project to feasibility and can increase their interest to 65% by funding the project to production. As part of the 2003 program, PFN directed some of the drilling budget towards testing a number of targets located between the Dana North deposit and the Azen Creek area, a distance of about six kilometres. In late October, the company reported initial assays from the Varley Zone, which had previously been identified as an outcrop containing greater than 10 g/t PGE in a gabbroic breccia. The initial drill assays from four holes into this target returned in hole VA-01 up to a 1.52 g/t PGE grade over 73 metres. Follow-up drilling on this zone reported this week yielded up to 32 metres at 1.3 g/t PGE. On the Azen Zone, initial drilling has also confirmed roughly 1.0 to 1.5 PGE values in seven holes with the thickest interval in hole AZ-14 returning 15 metres at 1.0 g/t PGE. We initially recommended PFN in our September 30, 2003 Top Junior Mining report. We maintain the view that in Canada PFN has been among the leaders in exploration for PGE metals. We consider that this junior has, among its peers, developed one of the better PGE portfolio’s in Canada and maintain our SPECULATIVE BUY rating.

Regards

Vaughn
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News