![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
New Age Metals Inc (QB) | USOTC:NMTLF | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00175 | 7.61% | 0.02475 | 0.022 | 0.0255 | 0.0255 | 0.02372 | 0.0255 | 43,700 | 21:00:00 |
*PGM=Platinum Group Metals **gpt= grams per tonne ***Pd+Pt+Au= Palladium + Platinum + Gold (aka 3E)
TSX: PFN OTCQX: PAWEF Frankfurt: P7J
www.pfncapital.com
VANCOUVER, June 15, 2012 /PRNewswire/ - Pacific North West Capital Corp. (TSX: "PFN" OTCQX: PAWEF; Frankfurt: P7J) is pleased to announce the filing on SEDAR of an NI43‐101 Technical Report (the Report), including a new Mineral Resource Estimate for the River Valley PGM Project, located 100 km from the world‐renown Sudbury Ni‐Cu‐PGM Mining Camp.
2012 Mineral Resource Estimate
The Mineral Resource Estimate was initially reported on May 1st, 2012. The Report was prepared by Tetra Tech, Sudbury. The new estimate incorporates the 13,140 metres in 46 holes drilled in the Dana North and Dana South Zones since the May 2006 estimate. All 462 holes were drilled at a sectional spacing of 25 metres to 100 metres on the eight separate mineralized zones shown in Figure 1.
The resource estimate, which includes explanatory footnotes, is tabulated below in Table 1. The resource estimate is based on various assumptions regarding mining methods, processing and metal recoveries and metal prices. This estimate makes no provision for capital costs to mine the deposit, nor mill the material mined, as resources are not reserves and the reader should not presume economic viability.
Qualified Person Statement
This news release has been reviewed and approved for technical content by Dr. William Stone, President and COO of PFN, a Qualified Person under the provisions of National Instrument 43-101.
Figure 1. Location of the eight mineralized zones in the Breccia Unit at
the base of the River Valley Intrusion, Sudbury area, Ontario.
(http://www.pfncapital.com/s/NewsReleases.asp?ReportID=531215)
About River Valley Project
In January 2011, Pacific North West Capital Corp. successfully negotiated the 100% acquisition of the River Valley PGM Project from Anglo Platinum Limited. The River Valley Project is one of North America's most advanced primary PGM deposits. The project has excellent infrastructure support and is located 100 km from the city of Sudbury, Ontario, Canada's largest nickel‐copper‐PGM mining and metal recovery centre. River Valley is one of the largest undeveloped primary PGM Projects in North America.
Table 1. NI43‐101 Compliant Mineral Resources for the River Valley PGM
Project, Sudbury, Ontario
Measured+Indicted Resources at a cut-off grade of 0.8 gpt PdEq | Contained Metal | ||||||||||||
Zone | Pdeq Cut-off | TONNES | Pd (g/t) | Pt (g/t) | Rh (g/t) | Au (g/t) | Ag (g/t) | Cu (%) | Ni (%) | Co (%) | Pdeq (g/t) | PGM+Au (oz) | PdEq |
Azen | 0.80 | - | - | - | - | - | - | - | - | - | - | - | - |
Banshee | 0.80 | - | - | - | - | - | - | - | - | - | - | - | - |
Dana North | 0.80 | 23,698,480 | 0.63 | 0.23 | 0.022 | 0.04 | 0.59 | 0.07 | 0.02 | 0.003 | 1.49 | 688,310 | 1,104,410 |
Dana South | 0.80 | 14,020,550 | 0.74 | 0.25 | 0.025 | 0.04 | 0.58 | 0.05 | 0.01 | 0.003 | 1.57 | 462,760 | 686,480 |
Lismer | 0.80 | 26,282,420 | 0.49 | 0.19 | 0.018 | 0.04 | 0.18 | 0.06 | 0.02 | 0.003 | 1.25 | 606,860 | 1,024,830 |
Lismer Ext | 0.80 | 13,690,300 | 0.57 | 0.23 | 0.021 | 0.04 | 0.12 | 0.06 | 0.02 | 0.002 | 1.37 | 365,150 | 586,770 |
Razor | 0.80 | - | - | - | - | - | - | - | - | - | - | - | - |
Varley | 0.80 | 13,647,800 | 0.53 | 0.21 | 0.019 | 0.03 | 0.17 | 0.05 | 0.01 | 0.002 | 1.27 | 339,980 | 540,420 |
Total Measured+Indicated | 91,339,550 | 0.58 | 0.22 | 0.021 | 0.04 | 0.34 | 0.06 | 0.02 | 0.002 | 1.38 | 2,463,060 | 3,942,910 | |
Inferred Resources at a cut-off grade of 0.8 gpt PdEq | Contained Metal | ||||||||||||
Zone | Pdeq Cut-off | TONNES | Pd (g/t) | Pt (g/t) | Rh (g/t) | Au (g/t) | Ag (g/t) | Cu (%) | Ni (%) | Co (%) | Pdeq (g/t) | PGM+Au (oz) | PdEq |
Azen | 0.80 | 16,095,000 | 0.37 | 0.15 | 0.014 | 0.03 | 0.08 | 0.05 | 0.03 | 0.001 | 1.11 | 285,000 | 560,000 |
Banshee | 0.80 | 3,320,000 | 0.35 | 0.19 | 0.015 | 0.03 | - | 0.05 | 0.01 | - | 1.00 | 62,000 | 103,000 |
Dana North | 0.80 | - | - | - | - | - | - | - | - | - | - | - | - |
Dana South | 0.80 | - | - | - | - | - | - | - | - | - | - | - | - |
Lismer | 0.80 | 303,000 | 0.31 | 0.13 | 0.012 | 0.03 | - | 0.06 | 0.02 | 0.002 | 0.92 | 5,000 | 9,000 |
Lismer Ext | 0.80 | - | - | - | - | - | - | - | - | - | - | - | - |
Razor | 0.80 | 16,163,000 | 0.36 | 0.12 | 0.013 | 0.02 | 0.16 | 0.06 | 0.03 | 0.003 | 1.05 | 262,000 | 528,000 |
Varley | 0.80 | 30,000 | 0.30 | 0.15 | 0.012 | 0.03 | - | 0.07 | 0.01 | 0.002 | 0.94 | 500 | 1,000 |
Total Inferred | 35,911,000 | 0.36 | 0.14 | 0.014 | 0.03 | 0.11 | 0.06 | 0.03 | 0.002 | 1.07 | 614,500 | 1,201,000 | |
Note: due to rounding, some totals may not appear to total properly | |||||||||||||
Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, socio-political, marketing, or other relevant issues. |
Notes to Mineral Resources in above table
About Pacific North West Capital Corp
PFN is a mineral exploration company whose philosophy is to be a project generator, explorer and project operator in order to option/joint venture its projects through to production. PFN is focused on the discovery, exploration and development of PGM and nickel‐copper sulphide deposits in geologically prospective regions in North America, particularly Canada. The Company's key asset is its 100% owned River Valley PGM Project in the Sudbury region of northern Ontario. PFN also has PGM and nickel‐copper projects and properties in northwest Ontario, Saskatchewan, and Alaska, and an option to joint venture a base metal project in northwestern BC's Golden Triangle region. The Company continues to evaluate PGM and nickel‐copper properties and projects in North America for potential acquisition opportunities.
On behalf of the Board of Directors
(signed)
Harry Barr
Chairman and CEO
Disclaimer: Neither the TSX nor its Regulation Services Provider accepts
responsibility for the adequacy or accuracy of this release.
Forward Looking Statements: Certain information presented, including discussions of future plans and
operations, contains forward-looking statements involving substantial
known and unknown risks and uncertainties. These forward-looking
statements are subject to risk and uncertainty, many of which are
beyond control of company management. These may include, but are not
limited to the influence of general economic conditions, industry
conditions, fluctuations of commodity prices and foreign exchange rate
conditions, prices, rates, environmental risk, industry competition,
availability of qualified staff and management, stock market
volatility, timely and cost effective access to sufficient working
capital or financing from internal and external sources. Actual
results, performance, or achievements may differ materially from those
expressed or implied by these forward looking statements.
SOURCE Pacific North West Capital Corp.
Copyright 2012 PR Newswire
1 Year New Age Metals (QB) Chart |
1 Month New Age Metals (QB) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions