NORTHERN ONTARIO - New numbers from the River Valley PGM project, a 50/50 joint venture of Vancouver's PACIFIC NORTH WEST CAPITAL and South Africa's ANGLO AMERICAN PLATINUM, has promising numbers. Two sets of numbers have been released for the property, about an hour-and-a-half drive from Sudbury.
At a cut-off of 0.7 g/t Pt+Pd, measured and indicated resources are 30.5 million tonnes grading 0.97 g/t Pd, 0.34 g/t Pt and 0.061 g/t Au. Estimates are that this tonnage contains a total of 1.34 million oz of all three metals, an amount up nearly 20% from earlier estimates. There are also 2.39 million tonnes of inferred resources at 0.87 g/t Pd, 0.31 g/t Pt and 0.05 g/t Au, for a contained total of 94,900 oz.
At a cut-off of 1.0 g/t Pt+Pd, measured and indicated resources are 19.3 million tonnes grading 1.18 g/t Pd, 0.39 g/t Pt and 0.07 g/t Au (containing 1.02 million oz of all three metals). In this case the inferred resource is estimated to be 881,000 tonnes at 1.36 g/t Pd, 0.46 g/t Pt and 0.07 g/t Au (53,000 contained ounces).
A 40-tonne bulk sample has been shipped for testing to Anglo Platinum's facilities in Johannesburg.
Video clips from the Phase 7 drilling program at River Valley can be viewed at www.PFNCapital.com.