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Gold/Mining/Energy : SUDBURY AREA AND THE PGM PLAY -- Ignore unavailable to you. Want to Upgrade?

To: Brumell who wrote (137)	2/16/2000 12:32:00 PM
From: Just G	Respond to of 349

Brumell: No doubt the prices of the pgms, but also, from a local guru, we have been waiting for the drill to start turning in River Valley for a long time. We all know what this property holds.. Regards G

To: Brumell who wrote (137)	2/16/2000 7:36:00 PM
From: Just G	Respond to of 349

Pacific Northwest Janes property drilling results Pacific North West Capital Corp PFN Shares issued 8,492,000 Feb 16 close $1.00 Wed 16 Feb 2000 News Release Mr. Harry Barr reports Pacific North West Capital has received assay results from a phase two diamond drilling program recently completed on its Janes township copper-nickel-platinum group metal (PGM = Pt+Pd+Au) property (option from Goldwright Explorations) situated about 50 kilometres northeast of Sudbury, Ont. The current drilling was carried out in order to expand the known mineralization along strike and to depth. Mineralization occurs proximal to the lower contact of a Nipissing diabase intrusion where it is associated with a high-magnesium gabbroic rock unit; locally, mineralization occurs within a sediment-gabbro and/or sulphide breccia. The current drilling demonstrates that mineralization extends down-dip from surface showings for at least 140 metres (460 feet) from surface showings at the Main trench to intersections in JR99-19, and is open to depth. Significant intersections from the current program are outlined below. FROM TO LENGTH Cu% Ni% Cu+ Pt+Pd (m) (m) Ni% +Au g/t Hole 99-14 48.20- 78.20 30.0 0.35 0.16 0.51 0.77 Incl. 68.45- 78.20 9.7 0.40 0.19 0.59 1.56 Hole 99-16 25.60- 37.50 11.9 0.48 0.22 0.70 1.22 Incl. 35.85-37.50 1.6 0.53 0.28 0.81 4.21 Hole 99-19 105.25-133.45 28.2 0.81 0.10 0.91 0.31 Incl. 132.10-132.95 0.8 5.69 0.36 6.05 0.74 Incl. 132.65-132.95 0.3 11.08 0.60 11.69 1.14 Incl. 132.65-133.15 0.5 6.11 0.36 6.46 0.71 Of particular interest is drill hole JR99-19. This hole intersected sediment-gabbro breccia that contains disseminated and massive sulphide, including 0.30-metre intersection of near massive chalcopyrite-pentlandite-pyrrhotite mineralization. This mineralization is proximal to and up-dip from an intersection reported in 1968 by Kennco Explorations (Canada) Ltd. that subsequently assayed 1.86 per cent Cu, 1.51 per cent Ni and 1.8 g/t PGM over 7.9 metres. Drill hole JR99-16 demonstrates that PGM-bearing sulphide mineralization extends southward on the property. The PGM-Cu-Ni sulphide intersection in JR99-16 is about 22 m down-dip of an intersection in JR99-09 (0.6 grams/tonne PGM, 0.54 per cent Cu and 0.21 per cent Ni over 5.39 m). It is important to note that although both intersections share similar widths, JR99-16 has a significantly higher PGM grade. This increase in PGM suggests that the zone of PGE-enrichment occurs beneath the surface showings in the south end of the property. Moreover, it suggests that PGM values comparable with those from the Main trench and holes such as JR99-01 and 11 may extend further down-dip from JR99-16 and below previously drilled JR99-05; the latter hole is located about 32 m south of JR99-16. PFN plans to carry out a phase three drilling program on the Janes project to extend the mineralization to the south and further down-dip. Drill programs an PFN's Langmuir project near Timmins, Ont., and on the Davis-Kelly and River Valley projects near Sudbury, Ont., are scheduled to be under way before month-end. PFN has a financing agreement with Anglo American Platinum Corporation Ltd. (Amplats), which guarantees a minimum $1-million in exploration financing for the year 2000. Amplats can earn a 50-per-cent interest in various PFN properties by paying $300,000 for the diamond drill hole locations option (payment made) and spending $4-million on exploration; a 60-per-cent interest by completing a feasibility study; and 65-per-cent by financing the property through to production. In addition to financing, Amplats is providing PFN with considerable technical expertise in its search for PGM deposits. PFN remains operator of the projects. In addition to the Amplats financing, PFN has a minimum year 2000 commitment of $150,000 from another earn-in joint venture partner on several other PGM properties in the area, $1.8-million cash in its treasury, and no debt. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com

To: Brumell who wrote (137)	2/29/2000 12:22:00 PM
From: Just G	Respond to of 349

Anaconda Uranium Acquires PGM Exploration Project In The River Valley Area Near Sudbury TORONTO, ONTARIO--Anaconda Uranium Corporation (CDNX:ANU) is pleased to announce that it has acquired 3 claim blocks in Dana Township about 60km east of Sudbury, Ontario. This property, with a total area of 36 units, is in the River Valley area where exploration work for Platinum Group Metals ("PGM") is ongoing by Pacific North West Capital Corporation and Mustang Mining with their South African exploration partners, Amplats and Impala Platinum, respectively. Geologically, the property is situated in the River Valley Intrusion, which is a large layered mafic intrusion and is highly prospective for Platinum, Palladium and other PGM. The property abuts the southern end of the Pacific North West ground where their Azen Creek Zone is located. Grab samples taken in this Zone by Pacific North West have assayed up to 4g/t PGM. To the west the property abuts onto ground held by Mustang. The property was acquired from Gary Kosy of Kirkland Lake who has retained a 3% NSR on any production that may arise from the project. The purchase price was $10,000 in cash with the transfer of 100,000 shares of Anaconda. The deal is subject to CDNX approval. Platinum and Palladium have been the subject of significant price rises in the past few months and new sources of supply are urgently required in both the short and long term. Its importance is emphasised by the interest being focussed on the area by others, in particular major South African producers. It has the possibility of being the source of future long term PGM production. The main uses of Platinum and Palladium are in the field of cleaner combustion engines emissions via catalytic converters and in the future, fuel cell motive units. With the world focus on a cleaner atmosphere, the growth potential is immense. It is considered that this new PGM focus by Anaconda fits with the original focus on uranium, which is a fuel source for electric power as a clean alternative to fossil fuels. As is the case with uranium there is a primary supply shortfall for PGM. There is a significant difference in that there are no stockpiles overhanging the market. -30- FOR FURTHER INFORMATION PLEASE CONTACT: John Cook - President (416) 864-1012 facsimile (416) 864-1369 E-mail: jfcook@concentric.net