Pacific North West Capital Corp
Tuesday, July 3rd, 2007
Pacific North West Capital Corp. has completed its second phase of property acquisitions adjacent to the Nickel Plats property. An additional five square kilometres has been added to the Nickel Plats project.
The additional claims are considered to be the strike extension of the Nickel-Copper mineralization identified on the Nickel Plats project.
PFN’s aggressive acquisition program will continue throughout 2007 in order to position the Company and its shareholders for what management believes will be the largest expansion in Nickel exploration since the early 1990s. Harry Barr, President & CEO of Pacific North West Capital stated, “We are in the early stages of acquiring and generating new Nickel projects with the objective, simply stated, to control one of the largest Nickel exploration portfolios in North America “. PFN’s technical team is preparing the summer exploration program which will consist of geophysics and ground proofing in preparation for a fall/winter drill program. PFN’s acquisition team is finalizing several new nickel acquisitions in Saskatchewan and throughout Canada.
About Nickel Plats Project
The Nickel Plats Project is approximately 50 km north of LaRonge Saskatchewan. The property covers a nickel-copper occurrence within a sulphide rich (pyrrhotite, chalcopyrite and pyrite) gabbro intrusive plug. Exploration work in the mid sixties (23 drill holes 15 inclined, 8 vertical) indicated an open pit resource of 4.2 million tons grading 0.30% Ni and 0.08% Cu. In the late 1980s, additional definition drilling (6 inclined holes) indicated an underground resource of 1.7 million tons grading 0.74% combined nickel-Copper (Non-43-101 compliant). Pacific North West Capital’s objective is to bring the initial resource to a 43-101 compliant status by compiling all the historical information into a computer data base along with defining the mineralization with additional geophysical and geological surface surveys. Furthermore, the region is also being evaluated for other Intrusive targets, through compilation of government data bases.