Pacific North West Capital Corp. has entered into an agreement with Xstrata (formerly Falconbridge) whereby it may earn up to a 100% interest in the West Timmins Project.  The West Timmins Project covers 355 square kilometres (87,720 acres) some 60kms west of Timmins, Ontario. 

PFN's exploration activities on the West Timmins project will be focused on nickel and associated metals. Participation in nickel exploration projects is the natural progression for PFN and is compatible with PFN's principal business of exploring for platinum group metals.

For the past three years PFN has had one of the most aggressive platinum group metal exploration budgets in North America. PFN's exploration team, in addition to its expertise in platinum group metals, has considerable expertise in nickel exploration and now has the opportunity to partner with Falconbridge, providing a strategic link with a major mining and smelting partner in the Sudbury-Timmins Area.  The recently completed modifications to the Kidd Metallurgical Circuit to facilitate the treatment of nickel bearing material has generated additional exploration interest within this famous mining camp.

Term of Agreement

Under the terms of the Agreement PFN will spend $4 million over a 4 year period in order to vest with a 100% interest in the Project. Falconbridge, for its part, will retain a 2 % NSR and may, under certain circumstances, back in and earn up to a 65% interest by either completing a feasibility study or spending $20 million on a feasibility study whichever occurs first. Under the Agreement PFN will act as Project Operator effective January 1^st, 2005. 

Current Activities

• 15 hole 3,413 metre Drill Program completed

• Year 1 and Year 2 expenditures have been met - $1.4 million spent to date

• Significant sulphide mineralization intersected returning anomalous copper (up to 0.12%) and nickel (up to 0.14%) values

• 4,000 meter drill program commenced May 2007