TSX: PFN
OTCQX: PAWEF
FRANKFURT: P7J.F
News Releases
| | | Additional Assays Reported - River Valley Project, Sudbury, Ontario | | |
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News
Release in PDF
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| ADDITIONAL
ASSAYS REPORTED |
| RIVER
VALLEY PROJECT, SUDBURY, ONTARIO |
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Pacific
North West Capital Corp. (PFN) reports PGM values
intersected in numerous drill holes collared in the region
between the Dana North deposit, located at the north end
of the Property, and the Azen Creek area, located about
6km to the southeast.
These new intersections confirm the presence of a
PGM-bearing breccia unit over this 6km strike length.
The
strike extension of the project is based on known and
inferred mapping, and drill intersections supplemented by
encouraging results of the Spectrem survey (Anglo American
proprietary geophysical technique) flown during 2003. This
technique has enhanced our ability, together with the
Joint Venture partners Anglo Platinum who are funding the
exploration activity, to identify and direct our attention
to specific and regional targets. |
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Assays
reported below are from drill holes in the Varley
and Azen Creek areas. Drilling is currently suspended in order to review and
compile drill hole data collected from the more
than 40,000 metres completed during the current
Phase 6 drilling campaign, and is expected to
recommence in February.
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Qualified Person for this release is Peter Dasler, M.Sc.
P.Geo. Assays were carried out by XRAL
Laboratories (SGS Group). |
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About
Pacific North West Capital Corp.
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Pacific
North West Capital Corp. (TSX.PFN, OTCBB: PAWEF) is an
exploration company focused on the discovery of platinum
group metals in North America. PFN is currently exploring
the River Valley Project (joint ventured with Anglo American
Platinum Corporation Limited "Anglo Platinum", the
world's largest primary producer of platinum) and the
Agnew Lake Project, currently under option to Anglo
Platinum. Anglo
Platinum is currently funding a $5.3 million phase 6
drilling program on River Valley and may earn a 65% interest
by funding it through to production.
In Alaska, PFN has a Joint Venture Agreement with
Lonmin PLC, the world's third largest primary underground
platinum group metals producer. In 2003 Lonmin funded a US
$920,000 exploration program. PFN
is the operator of all three projects.
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PFN
is listed on The Toronto Stock Exchange (PFN) and the OTCBB
(PAWEF) and has received 20F clearance in the United States.
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On behalf
of the Board of Directors
"Harry Barr"
Harry Barr, President & CEO
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S.E.C. 12g(3) exemption # 82-4828 |
| The Toronto Stock Exchange have not reviewed and does
not accept
responsibility for the adequacy or accuracy of this release. |
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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 Company's expectations are
disclosed in the Company's documents filed from time to time
with The Toronto Stock Exchange, British Columbia Securities
Commission and the United States Securities & Exchange
Commission. Not to be construed as an offer to buy or sell securities of this company. |
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| | You can view the Next News Releases item: Mon Jan 19, 2004, $2,400,000 FINANCING COMPLETED
You can view the Previous News Releases item: Wed Nov 19, 2003, Multiple PGM Mineralized Zones Discovered over 6Km Strike Length, River Valley Project, Sudbury, Ontario
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