Canadian Mining Journal

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PGE EXPLORATION NEWS Agnew Lake Program Goes Ahead

SUDBURY, Ontario Plans for the fall-winter exploration program at the Agnew Lake joint venture have been approved...


SUDBURY, Ontario Plans for the fall-winter exploration program at the Agnew Lake joint venture have been approved by partners PACIFIC NORTH WEST CAPITAL of Vancouver and ANGLO AMERICAN PLATINUM. The program, to be funded by Anglo, will include surface mapping and geophysical investigation of two strong electromagnetic conductors recently detected from the air. The program will select two likely targets for drilling.

The Agnew Intrusion 70-km west of Sudbury is part of an Archean mafic intrusive suite that stretches to the River Valley Intrusion 60 km east of Sudbury. Geological mapping in the vicinity of the recently identified conductors indicates they are located at or near the contact of the Agnew Intrusion, in an area not previously explored by the joint venture. A number of younger mafic dykes are also present in close proximity to the two conductors. The stronger of the two is located 400 metres northwest of a known Pt-Pd showing that has returned grades of up to 15.6 g/t total Pt and Pd hosted within one of the younger (Nipissing) dykes.

Anglo may earn a 60% interest in the property by funding exploration, completing a feasibility study and arranging financing for production. Complete details of the Agnew Lake project are available at www.pfncapital.com.


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