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

To: Buckey who wrote (1927)	8/9/2000 9:41:10 PM
From: Condor	Respond to of 2255

Another NEWS release tonight Buckey..The Big One. enjoy Pacific North West Dana Lake Phase 2 drill results Pacific North West Capital Corp PFN Shares issued 16,175,375 Aug 9 close $1.23 Wed 9 Aug 2000 News Release Also Atacama Minerals Corp (AAM) Mr. Harry Barr reports Anglo-American Platinum Corporation Limited has increased its River Valley exploration budget by 50 per cent. Under the terms of the joint venture, Amplats was required to expend $1-million on exploration in 2000. Amplats will now expend $1.5-million on exploration in River Valley in order to expedite the process of defining a mineral resource on the property. Phase 2 drill results In total 14 holes were drilled (RV00-14 to 27, total 2,820 metres), with an objective to test the dip, width and depth extent of platinum group metal (PGM) mineralization. Previous drilling (Phase 1) intersected significant PGM mineralization in 13 of 13 holes including 3.42 grams per tonne over 7.2 metres (RV00-08) and 3.15 grams per tonne over 8.85 metres (RV00-03) and accompanied by broad intersections that included 2.28 grams per tonne over 42.28 metres (RV00-01) and 2.46 grams per tonne over 29.7 metres (RV00-05). Sulphide-associated PGM mineralization is hosted by intrusive mafic breccia, close to the base of the gabbro-anorthosite River Valley intrusion, near its contact with Archean gneiss. Dana Lake Area (RV00-15,18,19,20,21,22,26,26,27) Nine drill holes were drilled into the main body of the Dana Lake deposit between Lines 550 N and Line 215 S, in order to ascertain the shape of the deposit and to advance the current understanding of individual drill sections (generally spaced at 50-metre intervals). Significant values were intersected in seven of the holes and are summarized below. Further rhodium and Cu-Nu values will be reported as soon as they are available. Results of the Phase 1 and 2 drill programs indicate that the main body of mineralization extends, at least intermittently, between Lines 600 N and 215 S, and parallels the intrusive contact for a distance of at least 900 metres (2,953 feet). RV00-15 (500N/374 W) 232 metres >From To Int. Au Pt Pd (m) (m) (m) (ppb) (ppb) (ppb) 111.50 150.60 39.10 55 281 769 incl. 111.50 131.60 20.10 79 454 1255 incl. 113.00 117.00 4.00 218 1415 4138 RV00-15 (500N/374 W) 232 metres >From To Int. Rh Ttl PGM (m) (m) (m) (ppb) (ppb) 111.50 150.60 39.10 39 1144 incl. 111.50 131.60 20.10 59 1847 incl. 113.00 117.00 4.00 182 5952 RV00-15 (500N/374 W) 232 metres >From To Int. Ttl PGM* Cu (m) (m) (m) (g/t) (%) 111.50 150.60 39.10 1.10 0.10 incl. 111.50 131.60 20.10 1.85 0.11 incl. 113.00 117.00 4.00 5.95 0.18 RV00-15 (500N/374 W) 232 metres >From To Int. Ni (m) (m) (m) (%) 111.50 150.60 39.10 0.03 incl. 111.50 131.60 20.10 0.03 incl. 113.00 117.00 4.00 0.05 RV00-18 (500N/46OW) 318 metres >From To Int. Au Pt Pd (m) (m) (m) (ppb) (ppb) (ppb) 250.00 265.00 15.00 148 780 2102 incl. 253.60 261.20 7.60 235 1213 3426 incl. 253.60 256.80 3.20 348 1696 4771 incl. 257.60 261.20 3.60 144 798 2291 RV00-18 (500N/46OW) 318 metres >From To Int. Rh Ttl PGM (m) (m) (m) (ppb) (ppb) 250.00 265.00 15.00 70 3100 incl. 253.60 261.20 7.60 106 4980 incl. 253.60 256.80 3.20 146 6961 incl. 257.60 261.20 3.60 72 3305 RV00-18 (500N/46OW) 318 metres >From To Int. Ttl PGM* Cu (m) (m) (m) (g/t) (%) 250.00 265.00 15.00 3.10 0.12 incl. 253.60 261.20 7.60 4.98 0.19 incl. 253.60 256.80 3.20 6.96 0.26 incl. 257.60 261.20 3.60 3.31 0.13 RV00-18 (SOON/46OW) 3ISm/9001-45 >From To Int. Ni (m) (m) (m) (%) 250.00 265.00 15.00 0.02 incl. 253.60 261.20 7.60 0.03 incl. 253.60 256.80 3.20 0.03 incl. 257.60 261.20 3.60 0.02 RV00-19 (55ON/325W) 152 metres >From To Int. Au Pt Pd (m) (m) (m) (ppb) (ppb) (ppb) 3.20 46.00 42.80 45 171 441 incl. 28.85 42.50 13.65 41 181 543 incl. 15.60 17.20 1.60 117 333 784 incl. 24.50 27.50 3.00 61 292 715 RV00-19 (55ON/325W) 152 metres >From To Int. Rh Ttl PGM (m) (m) (m) (ppb) (ppb) 3.20 46.00 42.80 0.68 678 28.85 42.50 13.65 0.79 788 15.60 17.20 1.60 1.27 1274 24.50 27.50 3.00 1.10 1098 RV00-19 (55ON/325W) 152 metres >From To Int. Ttl PGM* Cu (m) (m) (m) (g/t) (%) 3.20 46.00 42.80 0.68 0.10 28.85 42.50 13.65 0.79 0.10 15.60 17.20 1.60 1.27 0.24 24.50 27.50 3.00 1.10 0.13 RV00-19 (55ON/325W) 152 metres >From To Int. Ni (m) (m) (m) (%) 3.20 46.00 42.80 0.02 28.85 42.50 13.65 0.02 15.60 17.20 1.60 0.05 24.50 27.50 3.00 0.03 RV00-20 (400N/300W) 256 metres >From To Int. Au Pt Pd (m) (m) (m) (ppb) (ppb) (ppb) 133.00 137.50 4.50 13 740 1431 180.00 211.60 31.60 75 367 1137 incl. 180.00 195.85 15.85 94 525 1677 223.85 229.80 5.95 51 267 736 RV00-20 (400N/300W) 256 metres >From To Int. Rh Ttl PGM (m) (m) (m) (ppb) (ppb) 133.00 137.50 4.50 - 2184 180.00 211.60 31.60 - 1579 180.00 195.85 15.85 - 2296 223.85 229.80 5.95 - 1053 RV00-20 (400N/300W) 256 metres >From To Int. Ttl PGM* Cu (m) (m) (m) (g/t) (%) 133.00 137.50 4.50 2.18 0.01 180.00 211.60 31.60 1.58 0.11 180.00 195.85 15.85 2.30 0.14 223.85 229.80 5.95 1.05 - RV00-20 (400N/300W) 256 metres >From To Int. Ni (m) (m) (m) (%) 133.00 137.50 4.50 0.01 180.00 211.60 31.60 0.02 180.00 195.85 15.85 0.03 223.85 229.80 5.95 - RV00-21 (400N/150W) 125 metres >From To Int. Au Pt Pd (m) (m) (m) (ppb) (ppb) (ppb) 39.35 41.30 1.95 76 537 1682 59.00 68.00 9.00 65 302 781 RV00-21 (400N/150W) 125 metres >From To Int. Rh Ttl PGM (m) (m) (m) (ppb) (ppb) 39.35 41.30 1.95 - 2295 59.00 68.00 9.00 - 1147 RV00-21 (400N/150W) 125 metres >From To Int. Ttl PGM* Cu (m) (m) (m) (g/t) (%) 39.35 41.30 1.95 2.30 - 59.00 68.00 9.00 1.15 - RV00-21 (400N/150W) 125 metres >From To Int. Ni (m) (m) (m) (%) 39.35 41.30 1.95 - 59.00 68.00 9.00 - RV00-22 (450N/340W) 259 metres >From To Int. Au Pt Pd (m) (m) (m) (ppb) (ppb) (ppb) 173.50 223.00 49.50 101 529 1551 incl. 173.50 182.90 9.40 162 789 2183 incl. 199.30 203.55 4.25 180 859 3267 incl. 207.75 211.60 3.85 86 586 1854 incl. 212.50 223.00 10.50 77 428 1226 RV00-22 (450N/340W) 259 metres >From To Int. Rh Ttl PGM (m) (m) (m) (ppb) (ppb) 173.50 223.00 49.50 - 2182 incl. 173.50 182.90 9.40 - 3134 incl. 199.30 203.55 4.25 - 4306 incl. 207.75 211.60 3.85 - 2525 incl. 212.50 223.00 10.50 - 1732 RV00-22 (450N/340W) 259 metres >From To Int. Ttl PGM* Cu (m) (m) (m) (g/t) (%) 173.50 223.00 49.50 2.18 - incl. 173.50 182.90 9.40 3.13 - incl. 199.30 203.55 4.25 4.31 - incl. 207.75 211.60 3.85 2.53 - incl. 212.50 223.00 10.50 1.73 - RV00-22 (450N/340W) 259 metres >From To Int. Ni (m) (m) (m) (%) 173.50 223.00 49.50 - incl. 173.50 182.90 9.40 - incl. 199.30 203.55 4.25 - incl. 207.75 211.60 3.85 - incl. 212.50 223.00 10.50 - RV00-25 (325N/175W) 151 metres >From To Int. Au Pt Pd (m) (m) (m) (ppb) (ppb) (ppb) 21.50 24.00 2.50 71 417 538 44.50 47.10 2.60 42 312 681 69.20 97.80 28.60 63 303 868 incl. 70.00 81.10 11.10 79 452 1378 incl. 71.50 77.30 5.80 97 606 1936 RV00-25 (325N/175W) 151 metres >From To Int. Rh Ttl PGM (m) (m) (m) (ppb) (ppb) 21.50 24.00 2.50 - 1025 44.50 47.10 2.60 - 1034 69.20 97.80 28.60 - 1234 incl. 70.00 81.10 11.10 - 1908 incl. 71.50 77.30 5.80 - 2639 RV00-25 (325N/175W) 151 metres >From To Int. Ttl PGM* Cu (m) (m) (m) (g/t) (%) 21.50 24.00 2.50 1.02 - 44.50 47.10 2.60 1.03 - 69.20 97.80 28.60 1.23 - incl. 70.00 81.10 11.10 1.91 - incl. 71.50 77.30 5.80 2.64 - RV00-25 (325N/175W) 151 metres >From To Int. Ni (m) (m) (m) (%) 21.50 24.00 2.50 - 44.50 47.10 2.60 - 69.20 97.80 28.60 - incl. 70.00 81.10 11.10 - incl. 71.50 77.30 5.80 - RV00-26 (325N/175W) 151 metres >From To Int. Au Pt Pd (m) (m) (m) (ppb) (ppb) (ppb) 51.30 60.20 8.90 74.0 266.0 727.0 incl. 51.30 56.00 4.70 77.1 312.8 825.0 67.80 72.20 4.40 47.4 290.0 712.0 incl. 68.50 72.20 3.70 45.4 288.9 716.9 73.30 75.00 1.70 76.3 405.6 1069.1 RV00-26 (325N/175W) 151 metres >From To Int. Rh Ttl PGM (m) (m) (m) (ppb) (ppb) 51.30 60.20 8.90 - 1067 incl. 51.30 56.00 4.70 - 1215 67.80 72.20 4.40 - 1049 incl. 68.50 72.20 3.70 - 1051 73.30 75.00 1.70 - 1551 RV00-26 (325N/175W) 151 metres >From To Int. Ttl PGM* Cu (m) (m) (m) (g/t) (%) 51.30 60.20 8.90 1.07 - incl. 51.30 56.00 4.70 1.22 - 67.80 72.20 4.40 1.05 - incl. 68.50 72.20 3.70 1.05 - 73.30 75.00 1.70 1.55 - RV00-26 (325N/175W) 151 metres >From To Int. Ni (m) (m) (m) (%) 51.30 60.20 8.90 - incl. 51.30 56.00 4.70 - 67.80 72.20 4.40 - incl. 68.50 72.20 3.70 - 73.30 75.00 1.70 - RV00-27 (325N/175W) 151 metres >From To Int. Au Pt Pd (m) (m) (m) (ppb) (ppb) (ppb) 96.50 111.50 15.00 59 198 367 110.40 111.50 1.10 78 334 887 168.50 172.00 3.50 32 156 498 incl. 171.00 172.00 1.00 40 233 790 RV00-27 (325N/175W) 151 metres >From To Int. Rh Ttl PGM (m) (m) (m) (ppb) (ppb) 96.50 111.50 15.00 - 625 110.40 111.50 1.10 - 1299 168.50 172.00 3.50 - 686 incl. 171.00 172.00 1.00 - 1063 RV00-27 (325N/175W) 151 metres >From To Int. Ttl PGM* Cu (m) (m) (m) (g/t) (%) 96.50 111.50 15.00 0.62 - 110.40 111.50 1.10 1.30 - 168.50 172.00 3.50 0.69 - incl. 171.00 172.00 1.00 1.06 - RV00-27 (325N/175W) 151 metres >From To Int. Ni (m) (m) (m) (%) 96.50 111.50 15.00 - 110.40 111.50 1.10 - 168.50 172.00 3.50 - incl. 171.00 172.00 1.00 - RV00-03 (400N/250W) 161 metres >From To Int. Au Pt Pd (m) (m) (m) (ppb) (ppb) (ppb) 152.00 167.00 15.00 39 251 1209 incl. 155.60 163.25 7.65 47 395 2086 RV00-03 (400N/250W) 161 metres >From To Int. Rh Ttl PGM (m) (m) (m) (ppb) (ppb) 152.00 167.00 15.00 - 1499 incl. 155.60 163.25 7.65 - 2.53 RV00-03 (400N/250W) 161 metres >From To Int. Ttl PGM* Cu (m) (m) (m) (g/t) (%) 152.00 167.00 15.00 1.45 - incl. 155.60 163.25 7.65 2.53 - RV00-03 (400N/250W) 161 metres >From To Int. Ni (m) (m) (m) (%) 152.00 167.00 15.00 - incl. 155.60 163.25 7.65 - Discussion of results: The Phase 2 drill results indicate that magmatic breccia-hosted PGM mineralization extends to a vertical depth of at least 180 metres (591 feet) and remains open to depth. The dip of the breccia unit varies from 70 degrees west to 70 degrees east. No drilling was carried out south of the mineralized intercept in RV00-12 (Phase 1) and mineralization remains open toward the south. Phase 3 drilling: A Phase 3 drill program will commence in September and will focus on developing a mineral resource in the Dana Lake area. Dana Lake north: (RV00-14, 16, 17, 23, 24) Five holes were drilled north of the main mineralized zone at Dana Lake. The holes were aimed at testing the area beneath the surface mineralization exposed on Lines 600N and 700N and coincident IP anomalies in the area. Stripping and detailed sampling along L600 N and 700N produced a distribution of PGM grades similar to that of previous stripping to the south; L600 N -- 135 samples averaging 1.38 grams per tonne; L700 N -- 140 samples averaging 1.80 grams per tonne. Phase 2 drill results show this area to be much more structurally complex than the area to the south of Line 600 N. The complexity is likely a result of increasing proximity to the Grenville front and associated east dipping thrust faults. Mineralization in this area is affected by post-mineral faulting resulting in narrow intervals grading 1-2 g/t Pt plus Pd plus Au, or broader intervals of lower grade mineralization. Future exploration: Orientation down-hole IP surveys are planned, which will probe holes in this area and in the area of the main mineralized body, to assist in further interpretation. IP surveys are also planned for the north extension of the intrusion into Pardo township. Further drilling will be carried out north of L550 N, in the Phase III drill program to establish if significant mineralization continues north and beyond the structurally complex region. RV00-14 (650N/412.8W) 211 metres >From To Int. Au Pt Pd (m) (m) (m) (ppb) (ppb) (ppb) 131.20 134.50 3.30 19 509 711 incl. 133.30 134.50 1.20 27 1080 1502 RV00-14 (650N/412.8W) 211 metres >From To Int. Rh Ttl PGM (m) (m) (m) (ppb) (ppb) 131.20 134.50 3.30 96 1335 incl. 133.30 134.50 1.20 217 2862 RV00-14 (650N/412.8W) 211 metres >From To Int. Ttl PGM* Cu (m) (m) (m) (g/t) (%) 131.20 134.50 3.30 1.34 0.004 incl. 133.30 134.50 1.20 2.83 0.003 RV00-14 (650N/412.8W) 211 metres >From To Int. Ni (m) (m) (m) (%) 131.20 134.50 3.30 0.019 incl. 133.30 134.50 1.20 0.006 RV00-16 (600N/423W) 257 metres >From To Int. Au Pt Pd (m) (m) (m) (ppb) (ppb) (ppb) 181.50 196.65 49.71 18 154 205 incl. 184.55 186.30 1.75 48 644 748 incl. 185.80 186.30 0.50 58 1299 1256 212.30 224.10 11.80 30 149 212 RV00-16 (600N/423W) 257 metres >From To Int. Rh Ttl PGM (m) (m) (m) (ppb) (ppb) 181.50 196.65 49.71 18 395 incl. 184.55 186.30 1.75 38 1478 incl. 185.80 186.30 0.50 53 2666 212.30 224.10 11.80 20 410 RV00-16 (600N/423W) 257 metres >From To Int. Ttl PGM* Cu (m) (m) (m) (g/t) (%) 181.50 196.65 49.71 0.40 0.016 incl. 184.55 186.30 1.75 1.48 0.066 incl. 185.80 186.30 0.50 2.67 0.060 212.30 224.10 11.80 0.41 0.078 RV00-16 (600N/423W) 257 metres >From To Int. Ni (m) (m) (m) (%) 181.50 196.65 49.71 0.007 incl. 184.55 186.30 1.75 0.012 incl. 185.80 186.30 0.50 0.014 212.30 224.10 11.80 0.017 RV00-17 (600N/230.5W) 178 metres >From To Int. Au Pt Pd (m) (m) (m) (ppb) (ppb) (ppb) 82.50 103.00 67.26 31 159 448 incl. 95.00 101.50 6.50 56 300 961 RV00-17 (600N/230.5W) 178 metres >From To Int. Rh Ttl PGM (m) (m) (m) (ppb) (ppb) 82.50 103.00 67.26 19 657 incl. 95.00 101.50 21.33 30 1347 RV00-17 (600N/230.5W) 178 metres >From To Int. Ttl PGM* Cu (m) (m) (m) (g/t) (%) 82.50 103.00 67.26 0.66 0.049 incl. 95.00 101.50 21.33 1.35 0.077 RV00-17 (600N/230.5W) 178 metres >From To Int. Ni (m) (m) (m) (%) 82.50 103.00 67.26 0.013 incl. 95.00 101.50 21.33 0.019 RV00-23 (715N/260W) 141.5 metres >From To Int. Au Pt Pd (m) (m) (m) (ppb) (ppb) (ppb) 78.50 80.80 7.55 128 205 166 102.50 104.00 4.92 20 165 212 >From To Int. Rh Ttl PGM (m) (m) (m) (ppb) (ppb) 78.50 80.80 7.55 - 498 102.50 104.00 4.92 - 397 RV00-23 (715N/260W) 141.5 metres >From To Int. Ttl PGM* Cu (m) (m) (m) (g/t) (%) 78.50 80.80 7.55 0.50 - 102.50 104.00 4.92 0.40 - RV00-23 (715N/260W) 141.5 metres >From To Int. Ni (m) (m) (m) (%) 78.50 80.80 7.55 - 102.50 104.00 4.92 - RV00-24 (715N/376.4W) 147 metres >From To Int. Au Pt Pd (m) (m) (m) (ppb) (ppb) (ppb) 37.00 37.80 2.62 44 310 601 48.50 50.00 1.50 17 413 694 59.80 61.50 5.58 37 220 559 70.50 71.00 0.50 19 417 1000 RV00-24 (715N/376.4W) 147 metres >From To Int. Rh Ttl PGM (m) (m) (m) (ppb) (ppb) 37.00 37.80 2.62 - 955 48.50 50.00 1.50 - 1124 59.80 61.50 5.58 - 816 70.50 71.00 0.50 - 1436 RV00-24 (715N/376.4W) 147 metres >From To Int. Ttl PGM* Cu (m) (m) (m) (g/t) (%) 37.00 37.80 2.62 0.96 - 48.50 50.00 1.50 1.12 - 59.80 61.50 5.58 0.82 - 70.50 71.00 0.50 1.44 - RV00-24 (715N/376.4W) 147 metres >From To Int. Ni (m) (m) (m) (%) 37.00 37.80 2.62 - 48.50 50.00 1.50 - 59.80 61.50 5.58 - 70.50 71.00 0.50 - Dana Lake south A recent infill IP survey between L200N and 100S has shown the chargeability anomaly is continuous through this area. A near continuous IP anomaly was also identified and is open to the southeast. In total the anomalies extend intermittently for a distance of five kilometres, and correlate with the eastern contact of the River Valley intrusion. Prospecting over these anomalies has exposed mineralized magmatic breccia with assay values exceeding 1 gram per tonne PGM. Future exploration: Stripping and detailed sampling programs will test IP target areas south and southeast of the South zone. Future drill targets will be outlined on the basis of these results. Azen Creek area - Jackson's Flats IP surveys will be carried out in these areas to complete the geophysical coverage of the prospective intrusive contact towards the southeastern extent of the property. 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