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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta -- Ignore unavailable to you. Want to Upgrade?

To: Frank Ferrari who wrote (1555)	5/9/2000 11:09:00 AM
From: Elizabeth Andrews	Respond to of 2255

I didn't know that there were any open pit platinum mines in Timmins. It is unlikely that the metallurgical issues for Timmins type gold ores are even close Pt+Pd ores. I believe the mining issue at River Valley is also more complex as there appears to be a need to assay every foot of the mineralized zone as what is over 3 grams per ton may be visually similar to what is less than a gram. Ask your friend if this changes the cost of mining? Assaying the entire bench before it's mined is not a happy thing, I don't think. If the mineralized zone is not obvious how to you get grade control? What about defining internal waste and dilution? Amplats probably won't want to build a mill and then run a bunch of waste through it, do you think?

To: Frank Ferrari who wrote (1555)	5/10/2000 1:15:00 PM
From: crudestope	Read Replies (4) \| Respond to of 2255

Dear Frank, Your Timmins friend may well be right if one recalculates PFN's PGM assays into gold grades. If one calculates that 1 gramme of PFN's PGM intercepts is equal to a conservative 1.6 grammes of gold (a 1.8 conversion factor is probably more accurate considering the high palladium values) then the holes give good values: RV-01: intercepted from 34 to 96 metres 62 metres of (recalculated) 2.92 g/t Au including higher grade sections of 3.64 g/t over 42 metres, 9.02 g/t over 3.4 metres and 6 g/t over 7.75 metres. RV-02: 48.3 metres of 3.31 g/t including 20 metres of 5.68 g/t, 4.7 metres of 8.62 g/t and 3.6 metres of 11 g/t. RV-03: 22.85 metres of 3.74 g/t including 8.85 metres of 5.04 g/t. RV-04: 27.95 metres of 2.56 g/t including 15.7 metres of 3.55 g/t. RV-05: 29.7 metres of 3.93 g/t including 12.5 metres of 5.53 g/t and 5.4 metres of 5.13 g/t. RV-06: 18.4 metres of 2.67 g/t including 2.3 metres of 16.33 g/t. RV-07: 97.9 metres of 2.57 g/t including 21.8 metres of 4.78 g/t, 14 metres of 4.06 g/t and 10.4 metres of 6.3 g/t. RV-08:130 metres of 1.93 g/t including 7.2 metres section of 5.47 g/t. RV-09: 17.9 metres of 4.33 g/t including 9 metres grading 7.92 g/t. RV-10: 85.75 metres of 2.12 g/t including 29.7 metres of 4.84 g/t. RV-11: 50.9 metres of 1.68 g/t including 10 metres of 5.04 g/t. RV-12: 9.4 metres of 5.5 g/t. RV-13: 54.4 metres of 2.32 g/t including 14.4 metres of 5.04 g/t. What also appears to have been overlooked is the strike length between holes RV-06 and RV-08 of some 500 metres with the IP anomaly extending a further 300 metres north of RV-08. A pretty good sized open pit and eventually a beautiful lake for the tourists in twenty years time. I should add that PFN's press release of 3rd May is probably the most confusing, crappiest presentation of good news I have ever read. I hope the author will never be allowed near a press release again! (With apologies to Thomas Crapper, the inventor of the toilet flusher). Best wishes, Crudestope.