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Coldwell PGM Project
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The Coldwell Complex is the largest composite alkaline intrusive complex in North America
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Marathon PGM Corporation's 68.1 million tonnes of PGE-Cu deposit is associated with the Eastern
Border Gabbro unit of the Coldwell Complex
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$900,000 exploration program commenced including prospecting, mapping, lake bottom geochemical sampling and geophysics
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Pacific North West Capital Corp.
completed the acquisition of three new PGM projects within the Alkaline Coldwell Intrusive Complex which hosts a number of PGE and Copper showings and
occurrences (see press release Sept. 18, 2007). The three groups of 71 mineral claims (968 units or 38,270 acres) have been designated Coldwell West, Coldwell Central and Coldwell South. The projects are 100% owned by PFN
and are centrally situated approximately 215 km north east of the city of Thunder Bay, 10 km north of the town of Marathon, and 40 km west of the prolific Hemlo Gold Camp. |
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Initial exploration will focus on Gabbro suites of the Coldwell complex. Compilation of historical data along with prospecting, mapping, and lake bottom geochemical sampling surveys has been initiated in the Coldwell Complex.
PFN's primary exploration target is the under explored extension of the mineralized Eastern Border Gabbro of the Coldwell Complex. Intruding the
Schreiber-Hemlo Greenstone belt, the Coldwell complex is 25 kilometres in diameter. The Coldwell Complex
is the largest composite alkaline intrusive complex in North America.
The PGE and Copper mineralization in the Coldwell has been associated with the Eastern Border Gabbro unit which hosts Benton Resources Ltd 's Skipper Lake, Four Dam Lake occurrences within the Bermuda Property, as well as Marathon PGM Corporation's
PGE-Cu Project deposit of a NI 43-101 measured resource of 39.2 million tonnes containing 1.6 million ounces of PGM and gold and 285 million pounds of copper, and an indicated resource of 28.9 million tones containing 1.1 million ounces of PGM and gold and 178 million pounds of copper. (See Marathon PFM Corporation's press release dated February 19, 2007).
Harry Barr, President & CEO of Pacific North West Capital stated, "Our objective is to significantly expand our PGM and Base Metals portfolios in North America". PFN's Vancouver and Ontario based technical teams are currently guiding the acquisition process and preparing for fall and winter exploration programs.
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