Pacific North West Capital Corp. Announces Intersections up to 296.2 g/t (8.6
oz/ton) Silver, 1.31 g/t (0.04 oz/ton) Gold plus Significant Base Metals at
the Rock & Roll Polymetallic (Au-Ag-Cu-Pb-Zn) Project, British Columbia
TSX: PFN OTCBB: PAWEF Frankfurt: P7J.F ------------------------------------------------------------------------- - 2009 drill highlights include intersections up to 1.31 g/t gold, 296.2 g/t silver, 0.46% copper, 1.25% lead, and 3.99% zinc over 3.14 metres in drill hole RR09-107 - Initial re-sampling of historic core confirms original assay data - Numerous airborne geophysical anomalies remain to be tested - Additional core sampling planned to provide basis for updated resource estimate - Planning for expanded 2010 exploration program and phase II drilling underway - Currently negotiating option/joint venture with potential partners -------------------------------------------------------------------------
Known mineralization on the property occurs as multiple stacked sulphide lenses in two zones, the Black Dog and SRV zones, over a strike length of approximately 950 metres. The Black Dog zone hosts an historic, non-NI 43-101 compliant, indicated resource of 580,544 tonnes grading 2.4 g/t gold, 335.9 g/t silver, 0.64% copper, 0.79% lead, and 3.1% zinc (Government of BC, MINFILE No 104B 377). This resource is historic in nature, has not been verified by the Company, and should not be relied upon.
As much as 5 km of prospective strike length is present on the property. Historic drilling has tested the known mineralization down to depths of only about 160 meters. In addition, an AeroTEM3 magnetic-electromagnetic survey completed at Rock and Roll in August, 2009, identified numerous anomalies on the property that remain to be tested. Thus there is the potential for additional mineralization along strike and at depth.
To view maps, please visit: http://www.pfncapital.com/s/NewsReleases.asp?ReportID=377114
2009 Drill Program
The 2009 drilling program consisted of a total of 540 meters of core drilling completed in five holes (see accompanying map). The first four holes were designed to test gaps in the historic drilling on the Black Dog Zone in order to establish the degree of continuity of the mineralization and to confirm the historic geological model. Each of the infill drill holes encountered the target mineralization, confirming the continuity of the sulphide lenses and the validity of previous geological interpretations. Significant intersections are summarized in Table 1 below.
The final drill hole of the program tested a strong electromagnetic anomaly that may represent the westward continuation of the Black Dog Zone. Drilling at this location encountered minor sulphide mineralization near the bottom of the hole, but failed to return any significant assays. Drilling encountered a thick diorite dyke in the upper part of the hole that may have replaced the anticipated extension of the main sulphide lenses of the Black Dog Zone at this location. Further investigations are required to test for a westward extension of the main zones of mineralization.
Table 1. Selected assay results for 2009 Rock and Roll drill program. Au (gold) and Ag (silver) in grams per tonne (g/t). Cu (copper), lead (Pb) and zinc (Zn) in percent (%). ------------------------------------------------------------------------- *Inter- From To val Au Ag Hole Number (m) (m) (m) g/t g/t Cu% Pb% Zn% ------------------------------------------------------------------------- RR09-105 76.03 77.9 1.87 0.78 84.6 0.24 0.21 0.89 ------------------------------------------------------------------------- including 76.77 77.9 1.13 1.14 120.4 0.32 0.30 1.23 ------------------------------------------------------------------------- RR09-106 62.26 64.3 2.04 0.40 72.2 0.27 0.24 1.63 ------------------------------------------------------------------------- including 62.26 63.01 0.75 0.90 177.7 0.60 0.63 4.23 ------------------------------------------------------------------------- RR09-107 39.32 58.73 19.41 0.53 57.9 0.19 0.24 0.91 ------------------------------------------------------------------------- including 39.32 42.46 3.14 1.31 296.2 0.46 1.25 3.99 ------------------------------------------------------------------------- RR09-108 46.88 85.59 38.71 0.28 18.3 0.13 0.05 0.72 ------------------------------------------------------------------------- including 62.74 75.71 12.97 0.40 28.0 0.21 0.06 1.07 ------------------------------------------------------------------------- RR09-109 No Significant Assays ------------------------------------------------------------------------- *Interval represents apparent thickness not true thickness
The 2009 work program on the property was also designed to provide an initial evaluation of the validity of historic assay data. A total of twenty one samples from five different historic drill holes were obtained for comparison with the original assays. In most cases the samples were taken from the same core interval as the original samples. The intersections selected for re-sampling provide a range of base and precious metal concentrations to allow for statistical analysis of the results. Historic and new intersection data are reported in Table 2.
The new assay data confirm the presence of elevated metal contents in the historic core. Although additional sampling will have to be completed to establish the exact statistical relationship between historic and modern assay data, the results to date clearly indicate that the historic values are of the same general tenor as the modern assay results.
Table 2. Comparison of historic intersections with re-sampled intersections obtained during the 2009 drill program on the Rock and Roll property. ------------------------------------------------------------------------- Historic Assay Results ------------------------------------------------------------------------- (1)Inter- From To val Au Ag Hole No. (m) (m) (m) (g/t) (g/t) Cu (%) Pb (%) Zn (%) ------------------------------------------------------------------------- RR91-019 49.0 54.0 5.0 0.45 172.1 0.12 0.81 2.77 -------------------------------------------------------- RR91-024(2) 53.3 59.3 6.0 0.22 53.0 0.07 0.16 0.59 -------------------------------------------------------- RR91-044 83.8 88 4.2 1.43 155.3 0.45 0.32 2.01 -------------------------------------------------------- RR91-034 44.5 45.2 0.7 10.97 1632.2 0.59 1.76 3.19 -------------------------------------------------------- RR90-005 23.88 30.76 6.88 1.36 158.8 0.49 0.34 1.63 ------------------------------------------------------------------------- ------------------------------------------------------------------------- 2009 Re-Assay Results ------------------------------------------------------------------------- (1)Inter- From To val Au Ag Hole No. (m) (m) (m) g/t g/t Cu% Pb% Zn% ------------------------------------------------------------------------- RR91-019 49.0 54.0 5.0 0.50 112.8 0.13 0.71 2.26 -------------------------------------------------------- RR91-024(2) 53.3 59.3 6.0 0.17 24.1 0.06 0.06 0.32 -------------------------------------------------------- RR91-044 83.8 88 4.2 1.01 107.1 0.48 0.29 1.86 -------------------------------------------------------- RR91-034 44.5 45.2 0.7 9.09 1115.0 0.68 1.96 3.75 -------------------------------------------------------- RR90-005 23.88 30.76 6.88 1.08 120.3 0.47 0.33 1.46 ------------------------------------------------------------------------- (1) Sample Intervals represent apparent thickness rather than true thickness (2) 2009 historic assay interval is from 53.0 to 59.3
All core from the 2009 program was logged at the Bronson exploration camp. The core was then sawn in half, and half of the sample shipped to ALS Chemex, an ISO 9001:2000 certified analytical laboratory located in North
The results of the work completed on the Rock and Roll program in 2009 are very encouraging. The Company is extremely pleased that continuity of high grade polymetallic mineralization on the property has now been confirmed by limited infill drilling, and that the original geological model developed by previous operators appears robust.
Additionally, historic assay results have been confirmed, and the Company can now embark on a systematic re-sampling of historic core to provide a statistical comparison of the historic assay data with modern data. This study will provide part of the basis for updating the historic resource to NI 43-101 compliance. Finally, the airborne survey completed in August identified numerous conductors that have yet to be tested. Based on these results, the Company is excited about the prospects of updating and expanding the known resource at Rock and Roll. Planning for additional sampling of the historic core at the Bronson camp, as well as for a full summer 2010 exploration program, is now underway.
About the Rock and Roll Property
The Rock and Roll Project is under option from
Qualified Person Statement
This news release has been reviewed and approved for technical content by
Drill hole location map showing locations of 2009 infill holes relative to historic drilling, as well as airborne electromagnetic anomalies on the Rock and Roll property.
About Pacific North West Capital Corp:
Pacific North West Capital Corp. (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J.F) is a mineral exploration company focused on Platinum Group Metals (PGM), precious and base metals. Management's corporate philosophy is to be a Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major and junior mining companies through to production.
To that end, the Company's current option/joint ventures agreements are with Anglo Platinum and First Nickel Inc. In addition, Pacific North West Capital Corp. is also a major shareholder of Fire River Gold Corp (FAU: TSX.V) who is currently developing the Nixon Fork Gold Mine and
On behalf of the Board of Directors (signed) Harry Barr President and CEO
The
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the
For further information: Tel: (604) 685-1870, Fax: (604) 685-8045, Email: [email protected], or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
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