Holding...
Hopefully PFN will consolidate between .33 and .37 until some results pour in!! Show us Your cards Mr Barr!! We know you have the goods!!$$90 meters of visable....:)... hmmmmmmm..GLTA..MMM$
On April 20, 2011, PFN announced that it has commenced the Phase I of the $5 million, 15,500 metre drill program for its 100% owned River Valley PGM Project and results are expected in May 2011. Work to date at River Valley suggest that the best potential for economic accumulations of PGM-Cu-Ni sulphide mineralization is within the Breccia Zone. This Zone includes the main mineralized breccia or Main Zone.
The sulphide mineralization in the breccia horizon has been intersected in all four drill holes. Visual inspection of the first four holes, (assay results pending) have intersected sulphide mineralization up to 90 metres in width in all of the holes.
PFN is a significant shareholder of Fire River Gold Corp (FAU:TSX.V) which company is developing the Nixon Fork Gold Mine in Alaska, which is slated for production in summer of 2011
Pacific North West Capital Corp. is well funded with an experienced management team and the ability to take advantage of its growing asset base in Platinum Group Metals, gold and base metals. To that end, the Company is in the process of adding key technical and financial people to our management, advisory team and our board of directors. PFN has approximately $8 million in working capital and securities and no debt.