🕐16.08.11 - 16:00 Uhr
PACIFIC NORTH WEST CAPITAL REPORTS 6.44 GPT OVER 2 METRES (0.19 OPT, 6.6 FT) AND
5.04 GPT OVER 7 METRES (0.15 OPT, 23 FT) 3E* IN HOLES DN014 AND DN012 RESPECTIVELY, ON ITS RIVER VALLEY PALLADIUM, PLATINUM AND GOLD PROJECT, SUDBURY, ONTARIO
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Re: News Releases - Tuesday, August 16, 2011
Pacific North West Capital Reports 6.44 gpt over 2 metres (0.19
opt, 6.6 ft) and 5.04 gpt over 7 metres (0.15 opt, 23 ft) 3E* in
Holes DN014 and DN012 respectively, on its River Valley
Palladium, Platinum and Gold Project, Sudbury, Ontario
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- Significant Platinum Group Metals (PGM) values continue to be
intersected in River Valley, one of North Americas newest and largest
standalone PGM Projects.
- 2.16 gpt,( 0.06 opt), 3E over 27 metres ( 88.6 ft) in hole DN012
- Including 5.04 gpt (0.15 opt) 3E over 7 metres (23.0 ft)
- 2.60 gpt,( 0.08 opt), 3E over 30 metres ( 98.4 ft) in hole DN014
- Including 6.44 gpt (0.19 opt) 3E over 2 metres (6.6 ft)
- Including 4.08 gpt (0.12 opt) 3E over 2 metres (6.6 ft)
- 3.39 gpt,( 0.10 opt), 3E over 7 metres ( 23.0 ft) in hole DN015
- Including 4.05 gpt (0.12 opt) 3E over 2 metres (6.6 ft)
- Including 4.06 gpt (0.12 opt) 3E over 3 metres (9.8ft)
- 2.05 gpt,( 0.06 opt), Rhodium over 2 metres ( 6.60 ft) in hole
DN013
- In Early August the Company will commence Phase IC exploration
program, including an additional 6000 meters of drilling part of the
2011 multi phase $5M, Exploration program
* 3E= Pd+Pt+Au
August 16th, 2011, Vancouver, Canada -- Pacific North West Capital
Corp.
(TSX: PFN; OTCQX: PAWEF; Frankfurt: P7J) is pleased to announce
mineralization intersections from four drill holes (DN0012 to DN015) of
the 15 holes completed during 2011 Phase IA drill program in the Dana
Area of the Companys 100% owned River Valley Platinum Group Metals
(PGM) Project near Sudbury, Ontario.
Drill holes DN011 and DN012 were both collared on section 10200 N
(figure 1); DN011 and DN012 were targeting the Breccia Zone at shallow
depths in north parts of Dana North.
DN012 intercepted 2.16 gpt, (0.06
opt), 3E over 27 metres (88.6 ft) including 5.04 gpt (0.15 opt) 3E over
7 metres (23.0 ft).
Significant mineralization in DN012 correlates with mineralization in
DN011 and illustrates excellent mineralization continuity on the
section (figure 2).
DN011 intersected 8.00 g/t (0.23 opt) 3E over 11
metres, (36 ft), the highest grade intersection to date (Please see
Press Release on July 6th 2011).
Drill holes DN014 and DN015 were
collared in the Dana South Area, approximately one kilometre south of
DN011.
Drill Hole DN014 (-60) was collared at the same setup as the
historical 2003 drill hole DL154 (-45), which Intersected 5.02 gpt
Pd+Pt over 47 metres, (154 ft).
DN014 intersected significant
mineralization grading 2.60 gpt,( 0.08 opt), 3E over 30 metres ( 98.4
ft), Including 6.44 gpt (0.19 opt) 3E over 2 metres (6.6 ft).
These results expand the known mineralization that was intersected in
DL154 and confirms the mineralized breccia zone in this lower elevation
(figure 3).
Drill hole DN015 was collared twenty five meters east of the historical
drill hole DL154 to test the extension of mineralization at a shallower
depth.
Hole DN015 intersected 3.39 gpt, (0.10 opt), 3E over 7 metres
(23.0 ft) demonstrating the continuity of the 3E mineralization on this
cross section (Figure 4).
Please click on the hyperlink below to view entire news release:
http://www.pfncapital.com/s/NewsReleases.asp?ReportID=472501
Pacific North West Capital Corp.
is an International Metals Group
Company
(www.internationalmetalsgroup.com).
On behalf of the Board of Directors
"Harry Barr"
Harry Barr, President & CEO
For further information, please contact our Investor Relations
Department at Toll Free 1-800-667-1870
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Disclaimer: This news release may contain certain "Forward-Looking
Statements" within the meaning of Section 21E of the United States
Securities Exchange Act of 1934, as amended.
All statements, other than
statements of historical fact, included herein are forward-looking
statements that involve various risks and uncertainties.
There can be
no assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those
anticipated in such statements.
Important factors that could cause
actual results to differ materially from the Companys expectations are
disclosed in the Companys documents filed from time to time with The
Toronto Stock Exchange, British Columbia Securities Commission and the
United States Securities & Exchange Commission
This email should not be construed as an offer to buy or sell
securities of Pacific North West Capital Corp.
To unsubscribe: MAILTO:?subject=UNSUBSCRIBE
from PFN distribution
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Copyright (c) 2011 PACIFIC NORTH WEST CAPITAL CORP.
(TSX:PFN -
OTCQX:PAWEF - FSE:P7J.F) All rights reserved.
For more information
visit our website at http://www.pfncapital.com/ or send
mailto:
Message sent on Tue Aug 16, 2011 at 5:56:41 AM Pacific Time
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