ONTARIO – Pacific North West Capital Corp. (PFN) Vancouver says it is "delighted" with the results of the winter 2015 drill program at its River Valley platinum group metals deposit near Sudbury. Two holes testing new targets each returned significant PGM-copper intersections.
Hole 2015-DN002 cut 18 metres at 2.786 g/t Pd+Pt, 0.95 g/t Au and 0.217% Cu, including 9 metres that graded 3.909 g/t Pd+Pt, 0.21 g/t Au and 0.264% Cu.
Hole 2015-DN001 cut 16 metres with grades of 2.054 g/t Pd+Pt, 0.091 g/t Au and 0.179% Cu, including 5 metres at 2.442 g/t Pd+Pt, 0.092 g/t Au and 0.166% Cu and another 5 metres at 2.752 g/t Pd+Pt, 0.123 g/t Au and 0.259% Cu.
The River Valley deposit is hosted in a gabbro breccia unit on or near the contact of the Paleoproterozoic age River Valley Intrusion with footwall rocks of the Grenville Province. The deposit has been traced for 12 km along strike and drilled to a depth of about 220 metres. It contains 10 zones separated by faults with offsets of up to 1 km.
In 2012, PFN estimated the River Valley deposit to contain measured and indicated resources of 91 million tonnes grading 0.58 g/t Pd, 0.22 g/t Pt and 0.04 g/t Au at a cut-off grade of 0.04 g/t PdEq. The inferred resource was estimated to be 36 million tonnes at 0.36 g/t Pd, 0.14 g/t Pt and 0.03 g/t Au at a cut-off of 0.8 g/t PdEq.
News and other information about Pacific North West Capital is posted at PFNcapital.com.
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