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

To: Brumell who wrote (1982)	9/1/2000 6:18:45 PM
From: Brumell	Read Replies (1) \| Respond to of 2255

PHASE III DRILLING UNDERWAY!!! This just in from CSW...... Pacific to begin Phase 3 drilling at River Valley Pacific North West Capital Corp PFN Shares issued 16,175,375 Aug 31 close $0.90 Fri 1 Sept 2000 News Release Mr. Harry Barr reports A Phase 3 diamond drilling program on the River Valley platinum-group metal (PGM) property has commenced during the first week of September. The Phase 3 drill program will test targets at Dana Lake in the main mineralized area between line 600 N and 200 S. It will also include preliminary testing of the mineralized magmatic breccias exposed by recent stripping in the Lismer's Ridge area located approximately one kilometre to the southeast of the Dana Lake area. Individual samples from this area assay as high as 6.9 grams per tonne PGM (Pt+Pd+Au). The company will shortly report the results of detailed outcrop sampling carried out on line 600 N and 700 N at Dana Lake and more recently completed detailed sampling from the Lismer's Ridge area. Induced polarization surveys are continuing, aimed at completing regional geophysical coverage of the favourable intrusive contact area north of the Dana Lake Area and several kilometres southeast of Lismer's Ridge toward the eastern property boundary. Downhole induced polarization surveys are also being completed in the Dana Lake area on drill holes collared north of line 500 N. Complete assay results from the Phase 2 drill holes, RV00-14 to RV00-27 inclusive, are tabulated below and include rhodium and copper-nickel values that were not previously reported (Aug. 9th, 2000). Holes RV00-15, RV00-16, RV00-18 to RV00-22, RV00-25 and RV00-27 are previously reported in Stockwatch news, Aug. 9, 2000. 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 1,209 incl. 155.60 163.25 7.65 38 341 1,939 incl. 160.70 164.30 3.60 55 345 1,411 na = not analyzed RV00-03 (400N/250W) 161 metres >From To Int. Rh Ttl PGM (m) (m) (m) (ppb) (ppb) 152.00 167.00 15.00 na 1,499 incl. 155.60 163.25 7.65 na 2,318 incl. 160.70 164.30 3.60 88 1,898 na = not analyzed RV00-03 (400N/250W) 161 metres >From To Int. Cu Ni (m) (m) (m) (%) (%) 152.00 167.00 15.00 0.042 0.031 incl. 155.60 163.25 7.65 0.054 0.046 incl. 160.70 164.30 3.60 0.071 0.058 na = not analyzed 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 1,080 1,502 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 1,335 incl. 133.30 134.50 1.20 217 2,826 RV00-14 (650N/412.8W) 211 metres >From To Int. Cu Ni (m) (m) (m) (%) (%) 131.20 134.50 3.30 0.004 0.019 incl. 133.30 134.50 1.20 0.003 0.006 RV00-17 (600N/230.5W) 178 metres >From To Int. Au Pt Pd (m) (m) (m) (ppb) (ppb) (ppb) 82.50 103.00 20.50 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 20.50 19 657 incl. 95.00 101.50 6.50 30 1,347 RV00-17 (600N/230.5W) 178 metres >From To Int. Cu Ni (m) (m) (m) (%) (%) 82.50 103.00 20.50 0.049 0.013 incl. 95.00 101.50 6.50 0.077 0.019 RV00-23 (715N/260W) 141.5 metres >From To Int. Au Pt Pd (m) (m) (m) (ppb) (ppb) (ppb) 82.50 103.00 20.50 31 159 448 78.50 80.80 2.30 128 205 166 102.50 104.00 1.50 20 165 212 RV00-23 (715N/260W) 141.5 metres >From To Int. Rh Ttl PGM (m) (m) (m) (ppb) (ppb) 82.50 103.00 20.50 19 657 78.50 80.80 2.30 6 504 102.50 104.00 1.50 15 412 RV00-23 (715N/260W) 141.5 metres >From To Int. Cu Ni (m) (m) (m) (%) (%) 78.50 80.80 2.30 0.237 0.043 102.50 104.00 1.50 0.012 0.007 RV00-24 (715N/376.4W) 147 metres >From To Int. Au Pt Pd (m) (m) (m) (ppb) (ppb) (ppb) 82.50 103.00 20.50 31 159 448 37.00 37.80 0.80 44 310 601 48.50 50.00 1.50 17 413 694 59.80 61.50 1.70 37 220 559 70.50 71.00 0.50 19 417 1,000 RV00-24 (715N/376.4W) 147 metres >From To Int. Rh Ttl PGM (m) (m) (m) (ppb) (ppb) 82.50 103.00 20.50 19 657 37.00 37.80 0.80 21 976 48.50 50.00 1.50 19 1,143 59.80 61.50 1.70 - 816 70.50 71.00 0.50 36 1,472 RV00-24 (715N/376.4W) 147 metres >From To Int. Cu Ni (m) (m) (m) (%) (%) 78.50 80.80 2.30 0.237 0.043 37.00 37.80 0.80 0.105 0.016 48.50 50.00 1.50 0.020 0.019 59.80 61.50 1.70 0.084 0.008 70.50 71.00 0.50 0.026 0.004 The Phase 2 drill results indicate that magmatic breccia-hosted PGM-Cu-Ni 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. Results of the Phase 1 and 2 drilling 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). The River Valley Project is financed 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 financing, Amplats is providing PFN with technical expertise in its search for PGM deposits. PFN remains operator of the projects. Amplats is financing a minimum $1.5-million exploration program on River Valley and other PFN projects in 2000. WARNING: The company relies on litigation protection for "forward-looking" statements. (c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com