Results from the 2006 programs returned anomalous Pt values in the basal soil layer on the southwest flank of Susie Mountain with Pt values as high as 268 ppb.
Vancouver, BC (PRWEB) January 31, 2007
Pacific North West Capital Corp. http://www.pfncapital.com ('PFN') (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J), is pleased to announce exploration results from its Goodnews Bay platinum project in southwest Alaska (Figure 1 & 2). See: http://301url.com/Goodnews_Bay_Exploration.
Field exploration efforts in 2006 focused on the Goodnews Bay ultramafic intrusion in the Susie Mt. area (Figure 3) of the project where historical exploration resulted in discovery of +1 gram per tonne platinum in rock and soil samples. The 2006 evaluation program consisted of power auger basal soil samples, pan concentrate samples and rock samples in addition to reconnaissance scale prospecting. See: http://301url.com/Goodnews_Bay_Exploration.
According to Harry Barr, President and CEO of Pacific North West Capital Corp., “Results from the 2006 programs returned anomalous Pt values in the basal soil layer on the southwest flank of Susie Mountain with Pt values as high as 268 ppb.”
The anomalous values are underlain by clinopyroxene dominated rocks which are believed to host potential lode occurrences of platinum. The approximate 600,000 ounces of placer platinum recovered from the Salmon River (Figure 3) likely originated from Red Mountain. The potential to find equivalent platinum at source remains good in the geological units on Susie Mountain.
All sample preparation was conducted for the Goodnews Bay project in 2006 by Alaska Assay Laboratories in Fairbanks, Alaska. All sample geochemical analyses conducted for the Goodnews Bay project in 2006 were completed by ALS Chemex in Vancouver, British Columbia.
The qualified person responsible for this Pacific North West Capital Corp http://www.pfncapital.com news release is Curt Freeman, M.Sc. P. Geo.
On behalf of the Board of Directors
Harry Barr, President & CEO
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