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

To: Andrew who wrote (1862)	7/12/2000 5:49:41 PM
From: Condor	Respond to of 2255

Yeah looks like I bought em back too early. Don't feel bad, I could tell you a real horror story but my ego won't allow me.

To: Andrew who wrote (1862)	7/12/2000 7:35:08 PM
From: Condor	Read Replies (1) \| Respond to of 2255

PRESS RELEASE****** Pacific North West drills eight more holes Pacific North West Capital Corp PFN Shares issued 16,175,375 Jul 11 close $1.40 Wed 12 Jul 2000 News Release Mr. Harry Barr reports Eight additional diamond drill holes (RV14- RV1 9) have now been completed in the Dana Lake area for a total of 1348 metres (4423 feet). The current phase II drill program will comprise approximately 12 holes for a total of 2500 metres (8200 feet) and is expected to be completed by July 20, 2000. Core splitting and sampling is in progress and assay results will be reported over the coming weeks. The Phase II drill program is planned to expand our knowledge of the depth extent, attitude and true width of the mineralization within the Dana Lake area. Additional holes are being drilled on many of the previously drilled sections and I.P. targets north of hole 8 are also being tested. At least one drill hole will test the Trench Zone which has not been drilled before. Surface grab samples from the Trench Zone assayed as high as 13.4 grams per tonne Subsequent to completion of the phase I drill program, extensive stripping and sampling was completed to expose mineralization of line 600 and line 700. Results of the sampling will be reported as received. Stripping has also commenced over our various induced polarization (I.P.) targets situated south of Dana Lake, which were delineated during a regional I.P. survey. This has exposed mineralization of a similar style and setting to that seen at Dana Lake. Results of the Phase II drill program will be plotted and interpreted during the period of July/August. Drill programs, and all other aspects of the exploration program at River Valley, are carried out by PFN, the program operator following consultation with Amplats. Every hole in the Phase I, 13 hole program intersected significant platinum group metal (PGM) values over substantial core lengths. hole RV-8. the most northerly hole drilled, intersected the longest mineralized section in the drill program, with an intercept of 130.5 metres (428.2ft) of 1.21 g/t PGM (Pt+Pd+Au+Rh) which includes higher grade intersections of 7.20m (23.60 ft) of 3.42 g/t PGM, 0.16 per cent Cu, 0.02 per cent Ni and 28.60m (93.8 ft) of 2.l8 g/t PGM, 0.17 per cent Cu, 0.03 per cent Ni. The River Valley project is funded through an agreement with Anglo American Platinum Corporation Limited (Amplats), the world's largest platinum producer, which can earn a 50-per-cent interest in various PFN properties in the Sudbury area by paying $300,000 for the 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 funding, Amplats is providing PFN with technical expertise in its search for platinum group metal deposits. PFN remains operator of the projects. Amplats is funding a minimum $1-million exploration program on River Valley and other PFN projects in 2000. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com