Pacific North West Capital Corp. Commences Phase II Drilling on the Destiny
Gold Project, Québec
- 2000 metre Phase 2 diamond drilling program in progress - DAC Deposit hosts high grade gold mineralization in quartz veins within multiple zones of wide alteration - NI 43-101 compliant indicated resource of 166,863 tonnes grading 6.88 grams per tonne (g/t) gold and an inferred resource of 444,753 tonnes grading 4.46 g/t gold - Open along strike and at depth
Results from the first eight of 14 holes completed during the Phase I program returned high grade values up to 44.39 g/t gold (1.29 ounces/ton) over 0.5m. The high grade quartz veins occur within multiple zones of wide shear-related alteration systems which carry gold values of interest including 21.0m averaging 1.39 g/t (see Alto's and PFN's news releases dated
The Phase I and Phase II programs are designed to expand the known NI43-101 compliant resources at the DAC Deposit through infill and step-out drilling. A Phase III program is slated for later this year and its size will depend on final results from Phase I and results from the current Phase II program. PFN has funded the
The property is located approximately 75 km north of Val d'Or in the Abitibi-Témiscamingue region of
About the DAC Deposit
The main area of mineralization on the
To view cross section, please visit: http://www.pfncapital.com/s/NewsReleases.asp?ReportID=382295
The
Quality Assurance/Quality Control
Core processing included descriptive logging and selection of samples for analyses. The NQ-size cores were sawed in half and one half was delivered to a commercial laboratory. The samples were delivered to the Accurassay preparation laboratory in Sudbury where they were crushed and a 500 gram pulp was prepared. The pulp was then shipped to Accurassay Laboratories in Thunder Bay for analyses. The gold assaying method uses a standard Fire Assay with AA finish technique on a 30 gram aliquot taken from a 500 gram split from the submitted sample. Commercially prepared standards and blanks were inserted by Alto every 25 samples to ensure precision of the results. The laboratory performs repeat check assays every 10 samples on pulps to ensure internal lab quality control.
The laboratory was instructed to prepare and analyze a second 500 gram split from the reject for those samples that indicated gold values of between 1 g/t and 5 g/t on the initial analysis. The gold assaying method on the re-split uses a standard Fire Assay with Gravimetric finish technique on a 30 gram aliquot. Pulp metallic assays were performed on all samples the returned greater than 5 g/t gold on the first assay. The results reported represent mathematical averages of all analyses performed on each specific sample.
Robert J. Tremblay P. Geo (Québec), Consulting Geologist to Alto Ventures, is responsible for supervision of the diamond drilling program.
About Alto Ventures Ltd:
Alto Ventures Ltd. is a gold exploration and development company with a portfolio of highly prospective properties in the Canadian Shield. The Company is currently active in
About Pacific North West Capital Corp:
Pacific North West Capital Corp. (TSX: PFN; OTCBB: PAWEF; FSE: 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, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, First Nickel, Alto Ventures and is a major shareholder of Fire River Gold Corp. (www.firerivergold.com)
Pacific North West Capital Corp. is well funded with an experienced management team and the ability to take advantage of the tremendous under funded opportunities that are available in the mining sector today.
Management of Pacific North West Capital plans to use their technical, financing and deal making abilities to acquire additional Platinum Group metals, base metals and precious metals projects on an international scale. To that end, the company is in the process of adding key technical and financial people to our management and our advisory team. Pacific North West Capital is a member of the International Metals Group (www.internationalmetalsgroup.com) of Companies.
On behalf of the Board of Directors (signed) Harry Barr President and CEO -------------------------------------------------------------- Further information: Tel: +1.604.685.1870 Fax: +1.604.685.8045 Email: [email protected], or visit www.pfncapital.com 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3 --------------------------------------------------------------
The
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the
For further information: Investor Relations Department at Toll Free 1-800-667-1870
Share this article