Pacific North West Capital Corp (
TSX: V.PFN,
OTCQB: PAWEF,
Forum) announced today the first phase of the 2016 field exploration program on its new, 100% held River Valley Extension (RVX) property. The program involves geological mapping and mineral prospecting. It has confirmed the presence of high-grade platinum metal on the RVX property and has expanded mineralization at the Dana South Zone.
Of the four targeted areas, three of them were mapped and sampled by PFN geologists. A grab sample was taken from Target Area 1 which returned assay results of 12.60 g/t Pd + Pt from a rusty sulphide zone that extends across the width of the outcrop exposure. Three grab samples from Target Area 4 returned Pd + Pt assay values of 1.11 g/t. Further information can be found
here.
Pacific North West Capital was recently in the news earlier this month when it announced
an expansion of the Lithium Two Project, in southeast Manitoba.
The Company has 100 million shares outstanding and a market cap of $3.5 million.
FULL DISCLOSURE: Pacific North West Capital Corp is a paid client of Stockhouse Publishing.