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Pacific North West Capital Corp. Appoints Veteran PGM Geologist to Advisory Board $PFN.ca

Posted by AGORACOM-JC at 10:09 AM on Wednesday, September 21st, 2016

Ron Hieber is a geology graduate of Rhodes University, South Africa, with high school education having been completed in Zimbabwe, in 1968. He began his career with Anglo American Platinum, on the company’s Platinum mines in Rustenburg, followed by service on the mines in other Bushveld Complex areas, becoming Chief Geologist at Rustenburg in 1981. In 1986 he was appointed to the corporate office as head of all Anglo Platinum’s mining geology and exploration functions, which remained part of his responsibilities until he retired from Anglo Platinum at 58, in 2009. During his service with Anglo, Ron was made a Divisional Director and the Group’s Survey, Ventilation, Rock Engineering and Strategic Planning functions were added to his Geological responsibilities. From the time of his appointment at Corporate, he contributed significantly to the accumulation, retention and management of Anglo Platinum’s mineral rights portfolio, on the Bushveld Complex and Great Dyke, whilst also directing worldwide PGM Exploration Programmes for Anglo Platinum, in Australia, China, Canada, Russia and Brazil. This included heading-up the River Valley Option/Joint Venture for Anglo Platinum, from Discovery, in 2000, with Pacific North West Capital.

At the time he retired, he was a Director of several Anglo Platinum subsidiaries, including Unki Platinum Ltd. (Zimbabwe) and Rustenburg Platinum Mines Ltd. From 2009, Ron worked as Executive Director: Business Development for Kameni Ltd., which had PGM interests, in the Eastern Bushveld and Zimbabwe. After selling its projects, Kameni closed and Mr. Hieber now runs his own company, with interests in South African and Zimbabwean Gold projects.

About PFN’s Platinum Group Metals Division

River Valley is Canada’s Largest Undeveloped Primary PGM Deposit.

Achievements to date and Future Plans for River Valley are outlined below as follows:

  1. 1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with Options to Buy Down
  2. 2.Completed Exploration and Development Programs, on the River Valley Property:

Include more than 600 holes drilled, since year 2000, and several Mineral Resource Estimates and Metallurgical Studies

  1. 3.Results for the current (2012) Mineral Resource Estimate are below
  2. 4.2015 Drill Program confirms New High Grade T2 Discovery
  3. 5.Exploration and Development Plans outlined for 2016
  4. 6.Ongoing Strategic Partner Search for River Valley Project
  5. 7.Results for the most recent Mineral Resource Estimate are summarized below:
    • -Prepared by Tetra Tech (Wardrop)-High Confidence: Measured plus Indicated = 72% of total

      -Reported on PdEq basis: Pd=40% & Pt=20% of the Payable Metals

      -Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1

      -High Grade Potential: particularly in the north part of the River Valley Deposit

      -Resources under Evaluation for Development Potential, as Open Pit Mining Operation

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  1. 8.Results for the 2015 Discovery Drill Program on the T2 Target:
    • -Drill hole intercepts much higher than the average grade, of current Mineral Resource Estimate-Possible New Mineralized Zone at the north end of the River Valley Deposit

      -Show potential to take the River Valley PGM Project in a New Direction

      -Additional Drilling is slated for mid-October, 2016


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  1. 9.Exploration and Development Plans for 2016
  • -Mineral Prospecting and Geological Mapping on surface: In Progress-Drill Programs targeted to add more higher grade: Drilling Slated for Fall 2016

    -Geological Interpretation and 2D/3D Modelling of all Drill and Surface Results

    -Ongoing Strategic Partner Search for River Valley


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Figure 1: Geological map showing the location of the PGM Exploration Property, acquired from Mustang Minerals Corp. The acquired property is south and adjacent to PFN’s Mining Leases, covering the River Valley PGM Project. The acquisition increases the strike length of the PGM deposit, to 16 km, 64 km2, or 16,000 acres, on PFN property.

About PFN’s Lithium Division

The Company’s new Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the Company will use its wholly owned U.S.A subsidiary, to Acquire and Develop Projects in Active Mining Camps in Nevada, Arizona and California.

Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends with Surging Demands and Limited Supply. Going forward, this New Division will Explore for the minerals needed to fuel the demand for Energy Storage and other core 21st Century Technologies.

The Company has a growing portfolio of Lithium Projects. The Clayton Valley Forks Li Project in Nevada is a recent Lithium Brine Project Acquired by the Company (PFN News Releases April 25th, 2016, May 11th, 2016 and June 16th, 2016). The Company also has Hard Rock Lithium projects in Canada (PFN News Releases April 21st, 2016, May 24th, 2016), July 5th, 2016 and July 21st, 2016) located in the Winnipeg River Pegmatite Field of SE Manitoba.

Lithium and Platinum Group Metal Prices have Improved Dramatically in recent months. Lithium Supplies remain in deficit, relative to their demand. Both Metals Groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGMs, demand is increasing for Autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. Regarding Lithium, there is an ever-increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

An aggressive 2016/17 Acquisition and Exploration Program is underway with the objective to have several projects at the drill ready stage, by early 2017.


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PFN’s 5 New Lithium Projects in Manitoba, Surrounding Tanco Mine


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Figure 1: Company claim blocks in the Clayton Valley area of Nevada

(Figure 1 is a Company-made composite and not intended for redistribution. The Company accepts no responsibility for the accuracy of these claim blocks, other than the claim block associated with the Clayton Valley Forks Li Project)

Clayton Valley is located in Esmeralda County, Nevada, host to the Albemarle Corporation’s Silver Peak Lithium Mine and Brine processing operations. The mine has been in operation since 1967 and remains the only Brine based Lithium Producer in North America. The new project acquisition in Nevada provides the Company a project, in an area that is well known for its Lithium Carbonate production. Clayton Valley is a centralized location in Nevada, with highway access, power infrastructure, water and local labour.

The company’s new Lithium Brine Project will be approximately 3.5 hours away from Tesla’s Gigafactory, which has a planned annual Lithium-ion battery production capacity of 35 gigawatt-hours per year, by 2020. The CV West Li project is located approximately 3 hours north of the Faraday Electric Car Factory to be operated in Las Vegas, Nevada. Clayton Valley is one of the few locations globally known to contain commercial-grade Lithium-Enriched Brines.

QUALIFIED PERSON

The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific Northwest Capital. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors,

“Harry Barr”

Harry Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

Sudbury Accent: Slump easing for exploration company $PFN.ca

Posted by AGORACOM-JC at 12:37 PM on Tuesday, September 20th, 2016

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Gino Donato/Sudbury Star Harry Barr, chairman and CEO of Pacific North West Capital Corp., at the company’s River Valley PGM deposit in River Valley, east of Sudbury.

Harry Barr is convinced there is a big find east of Sudbury

Say you’re a barber who runs your own shop, and you haven’t had a customer in your chair for five years. You may be tempted to give up, to literally throw in the towel, even enter another line of work. But you hang in there.

Finally, after a half-decade of inactivity, customers begin to return, slowly at first, but growing in number as word spreads you’re back and in business, and offering a good product.

Harry Barr used that analogy this week at a town hall meeting in Sudbury intended to drum up interest in Pacific North West Capital Corp.’s River Valley Platinum Group Metal Project.

After a brutal five-year period, in which low commodity prices spooked investors away from sinking money into mineral exploration, interest in the River Valley project began to grow again.

The presentation at the Holiday Inn, hosted by Barr, capped off two days of tours in which 30 or more people toured the River Valley property and visited the core shed for the project 100 kilometres northeast of Sudbury

Barr is president and chief executive officer of Pacific North West Capital, which has undergone a name change to New Age Metals Inc., a change that hasn’t really caught on yet.

Barr greeted everyone arriving at the Sudbury session in person, shaking hands, welcoming them and using the barbershop metaphor to describe how difficult it has been to attract investors to the River Valley project in the last five years.

When giant miners around the globe were feeling the crunch, juniors such as Pacific North West were barely hanging on by their fingernails.

Still, from the spring of 2011 and for the next five years, Barr continued to knock on the doors of people who might be persuaded to invest in what he believes is the next big mineral find.

Barr is bullish on the River Valley project, which is rich in platinum group metals. Platinum, palladium, gold and other precious metals are a byproduct of mining operations in Sudbury, particularly the deeper underground they go. But River Valley would be only the second primary PGM mine in Canada, after North American Palladium Ltd.’s Lac des Iles Mine near Thunder Bay.

With many of the world’s most powerful nations “broke”, Barr is banking on the price of gold rising and, along with it, the price of precious metals such as platinum and palladium.

Combine that with a deficit in demand versus supply of palladium and the fact one of the largest uses of PGMs is in the manufacture of catalytic converters in automobiles. Barr said, globally, automotive sales are forecast to triple — from 20 million in 2015 to 60 million in 2024 — so the market for PGMs looks bright.

The River Valley deposit has 2.5 million ounces of platinum group metals in measured and indicated resources.

As well as a forecasted demand, Barr explains the River Valley PGM Project is ideally situated. Part of the deposit is above ground or not far below surface so it could start as an open-pit operation. It’s located close to Sudbury where two mining giants have smelters to which a PGM miner could ship concentrate. The 20-kilometre-long property is accessible by road, and there is power and rail infrastructure nearby.

Perhaps most importantly, the deposit is located in an area that is politically stable, unlike some of the other places in the world where PGMs are mined.

About $30 million has been invested in exploration, drilling and geological interpretation of the project since it was discovered in 2000. That discovery triggered one of the largest rush of stake claims in Canadian history in the area, said Barr. Dozens of companies were out looking for PGMs.

In the short-term, Barr is looking to start a second phase of drilling this fall at a cost of $500,000. His company is considering five estimates. The cost to drill has plummeted because companies are desperate for work during the mining slump.

In the longer term, it will require $5 million to complete the second phase of delineation drilling and upgrade mineral resource estimates; undertake a first phase drill test of structural targets for high grade mineralization; and carry out a second phase of metallurgical test work.

Part of the longer-term work is undertaking a preliminary economic assessment (PEA), formerly known as scoping.

The company’s short-term finance strategy is to raise capital in the market, but it is looking to secure a strategic partner for the long term.

To a degree, Barr is selling investors on the force of his own personality. At age 61, Barr has been in exploration and mining since he was 23 when an uncle bought a gold mine in Colombia and sent him to run it. He returned to Canada smitten with the industry and has worked in it ever since.

Barr has created, bought and sold several companies in the ensuing decades and is proud to say every one of them remains in business.

A self-described promoter and storyteller, Barr said he didn’t like being called a mining promoter in the early days “because it just didn’t sound right. But the truth is, under the legal definition of what I am in practice and in our yearly documents, I am a defined promoter of the company under the securities law,” he said.

Years ago, an elderly man asked Barr: “When you look in the mirror in the morning, do you see a good promoter or a bad promoter, and I wondered what the hell he was talking about.

“But, then you say, ‘What’s your title?’ Well, it’s the CEO. ‘Is the CEO a promoter?’ I would think so.”

Barr doesn’t just sell the idea to potential investors. “What I try to do is get everyone underneath me, right to the IT guy, to be the promoter too. And that is difficult. It’s leadership, it’s management.”

Managing a company with such long-term projects has forced Barr to be creative and organized. Every week, he has a plan and an agenda to move projects forward, focusing his small employee group, many working part-time, on the company mission.

Pacific North West went from a large operation, with dozens and dozens of employees five years ago, to the virtual offices of employees such as North Bay geologist and entrepreneur Trevor Richardson, a business developer for the company. Barr jokes that while he is CEO, he does everything for the company now, even acting as janitor.

He has also cut back from the four companies he owned a year ago, selling two and keeping two.

Pacific North West formed a lithium division this year. Lithium is in increasing demand for electric cars and energy storage. Barr explained at the Sudbury meeting that people buying into River Valley are getting a two-for-one deal as they are also buying into the lithium division.

Despite buying and selling several companies, Barr prides himself on the fact he has had the same phone number and fax number for 31 years “so that’s important.”

Barr reviewed his industry background before telling the Sudbury audience it should look for certain qualities in a CEO of a junior exploration company.

Barr grew up on a family farm in the Ottawa Valley near Refrew, an operation his brother still runs. He attended Guelph University and studied agri-business, but got into real estate out of school.

He was doing well when his “crazy old uncle” bought the Colombia gold mine and Barr thought: “I’d like to run that.”

After being bitten by the gold bug, he moved to British Columbia in 1985 to start his first company. Again, he expresses pride it still operates today.

“So, I don’t give up on anything,” Barr said this week on a tour of the River Valley property. “I guess that’s one of the hard-headed things you get from being a farm boy.”

A key quality of a good CEO for an exploration company that person’s willingness to “put skin in the game.”

Barr believes in River Valley so strongly he has invested $3 million of his own money in it, demonstrating his confidence in what he is promoting.

Drill holes have shown rich mineralization along the “strike” of the River Valley Property. Pacific North West recently bought another four kilometres, giving it 20 kilometres of mineralization.

Barr believes the mining industry is starting an up cycle, and the juniors will make a comeback when “the big guys” do.

The last five years have been a “fear cycle”, but Barr believes the industry is heading into a “greed cycle” again.

Another important quality in a junior miner CEO is experience. Barr has that in spades. So does colleague Bill Stone, a long-time geologist and researcher who is principal consulting geologist with Pacific North West.

On the ride to the River Valley project, Barr asks passengers to imagine the strip of land to the right of the two-lane blacktop as it would be seen from a helicopter.

“We actually have a potential new mining district here,” said Barr, a district in which several mines could potentially operate. His company has a mining lease on River Valley, the new version of patented ground, with the Government of Ontario, and it can be renewed every 21 years “if we’re good citizens.”

Barr isn’t asking potential investors to just rely on his say-so about the mineralization of the property. He’s got plenty of science and core samples to back up his claims.

Since the $6-billion Bre-X gold mine fraud in the mid-1990s, there is a new system to evaluate mineral reserves in Canada. As well, 10 per cent of core samples must be sent to an independent laboratory to ensure those findings match those of the company’s.

Barr estimates $30 million has been invested in River Valley so far, $20 million of that drilling more than 600 core samples.

In the next six to 12 months, Barr and business development officer Alastair McIntyre are looking to find “that big partner, show him what we’ve done, the one that needs that long-term vision of platinum group metals and the right mining jurisdiction” and other factors going for River Valley.

The money needed wouldn’t be huge for a major miner, but for the last several years, “they all turned their minds away from it,” said Barr. “Now they’re just starting to look that way,” said Barr of River Valley.

McIntyre explained that exploration companies that “put things into production” have often found themselves in trouble. “So the expectation is just to find a venture partner to help us get to the point where it can get to production. At that point, we step back,” said McIntyre, who is also a geologist.

Barr said they can help joint venture partners to a certain extent. “We are explorers. We are the first guys in, like the wildcatters in oil.”

He believes River Valley is three to five years away from operation based on financing “and all the rest of it.”

His company has been in talks with neighbouring Temagami First Nations, with assistance from the Government of Ontario, and Barr said members “get” the importance of mining because many of them have worked in Sudbury’s mines.

“Temagami has been on the list since Day 1,” said Stone. Pacific North West has a memorandum of understanding with the first nation and is looking to government for advice about other first nations with whom it should consult.

The company’s goal is raise $2 million to $3 million this year. It expects to do that by highlighting for potential investors the attributes of River Valley. Existing infrastructure is a huge one, said Stone.

“This is not in the Arctic, it is not remote, it’s not a multi-billion dollar huge cap-ex project, right? It’s right next door and we’ve been here all this time. It’s easy to get to, it sticks out of the ground, it has good grades, it’s a mining friendly jurisdiction.”

The project has a lot going for it and the goal of this week’s efforts was to raise the profile of River Valley.

Said Barr of the River Valley Platinum Group Metal Project: “You’ve got to have faith, you’ve got to believe. Mines aren’t just built, they’re promoted until they’re into production.”

[email protected]

Source: http://www.thesudburystar.com/2016/09/17/sudbury-accent-slump-easing-for-exploration-company

AGORACOM Welcomes Back Pacific North West Capital (PFN: TSX-V) A Leader in Both PGM and Lithium Exploration $PFN.ca

Posted by AGORACOM-JC at 2:54 PM on Friday, September 16th, 2016

PACIFIC NORTH WEST CAPITAL CORP.

(PFN:TSX-V)

Two Divisions: PGM and Lithium

  • PGM Division: focus on Development of the 100% owned River Valley PGM Project. Canada’s Largest Undeveloped Primary PGM Resource, with 2.5 Moz PGM, in Measured plus Indicated mineral resources. New Discovery in 2015. Summer Surface Exploration ongoing and a Fall 2016 drill program to follow-up.
  • Lithium Canada: formed April 2016, with a focus on Exploration of Hard Rock Lithium, in Manitoba, Canada and Lithium Brine in Nevada. The company uses the Prospector Generator Model.

The company recently completed 2/3 of its C$1.5 million placement in June 2016 and is currently placing approximately C$500,000 at C5.5 cents with a full two year warrant at C10 cents for the first year and C20 cents for the second year

River Valley PGM Project

Largest Undeveloped Primary PGM Deposit in Canada

River Valley PGM Project is located 100 km east of Sudbury, Ontario

  • Sudbury hosts 1 of the Top 4 Nickel, Copper & PGM Mining & Processing Facilities , in the World
  • Skilled Workforce, Established Mining Culture; Safe, Stable Pro-Mining Jurisdiction
  • Excellent Road Access to River Valley Property; Rail and Power Nearby
  • $30M Invested in Exploration, Large High-Confidence Resource, Favourable Metallurgy
  • High Grade Drill Hole Discovery March 2015

Mineral Resources – Project has had Five, 43-101 Reports

 

  • May 2012 Measured Resources: 26 Mt @ 1.4 g/t Palladium equivalent at cut-off grade ≥0.8 g/t Palladium equivalent for 0.7 Moz PGM plus Gold.
  • May 2012 Indicated Resources: 66 Mt @ 1.4 g/t Palladium equivalent at cut-off grade ≥0.8 g/t Palladium equivalent for 1.7 Moz PGM plus Gold.
  • May 2012 Measured + Indicated Resources: 91 Mt @ 1.4 g/t Palladium equivalent at cut-off grade ≥0.8 g/t Palladium equivalent for 2.4 Moz PGM plus Gold
  • May 2012 Inferred Resources: 36 Mt @ 1.1 g/t Palladium equivalent at cut-off grade of 0.8 g/t Palladium equivalent for 0.6 Moz PGM plus Gold
  • (see www.PFNCapital.com for Details and Notes on the Resource Estimate)
  • Mineral Resources covered by Mining Leases (21-year Renewable Term)
  • Concentrate Grades: 16% Cu, 189 gpt PGM; Recoveries: 84% Cu, 69% PGM;
  • No Deleterious Metals or Minerals

August 2016 PFN Announces Acquisition of the River Valley PGM Extension Project from Mustang MineralsCorp.

  • Strike Length of PFN’s River Valley Deposit Increased from 12 km to 16 km
  • Mustang’s surface grab samples returned Assays of up to 10 g/t PGM
  • Drilling Highlights Include:
  • 1.4 g/t PGM/9.0m in MR02-59 from 35m downhole
  • 4.0 g/t PGM/2.1m in MR02-62 from 153.7m downhole
  • 2.2 g/t PGM/4.5m in MR02-64 from 60.5m downhole
  • PGM mineralization is Open at Depth and footwall potential remains untested
  • T2-like Targets identified from Favourable Geological and Geophysical Surveys
  • Targets under evaluation for drill testing


  • The Tanco Mine was one of North America’s only
  • producers of Tantalum, Cesium and Lithium minerals (Spodumene), with the mine opening in 1969. Owned by the Cabot Corporation as of 1993
  • Presently the Tanco Mine produces Cesium Formate, a completion fluid for the petroleum industry.
  • At the end of 1992 (last published historic mineral inventory) was 1.075 Mt of 0.12% Ta2O5, 3.5 Mt of 2.7% LiO2 and 315,000 t of 23.3% Cs2O

Clayton Valley Forks Lithium Brine Project, Clayton Valley, Nevada
Silver Peak

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Durango’s Neighbour Discovers New Mineralized Zone at Whabouchi $DGO.ca

Posted by AGORACOM-JC at 11:22 AM on Thursday, September 8th, 2016

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  • Expects assay results soon for its initial reconnaissance program at its 100%-owned NMX group of properties
  • Located in northern Quebec adjacent to Nemaska Lithium Inc
  • Marcy Kiesman, CEO of Durango, comments, “Nemaska Lithium’s (TSX-NMX) drilling news of September 6, 2016 is very exciting for Durango as the discovery of a new mineralized lithium zone at the Whabouchi property confirms the lateral extension of up to 100m east and west. This discovery is very positive for Durango because of its close proximity to both the proposed pit and current drilling program.”

Vancouver, BC / September 8, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that further to its news release of August 15, 2016, Durango expects assay results soon for its initial reconnaissance program at its 100%-owned NMX group of properties located in northern Quebec adjacent to Nemaska Lithium Inc.

Marcy Kiesman, CEO of Durango, comments, “Nemaska Lithium’s (TSX-NMX) drilling news of September 6, 2016 is very exciting for Durango as the discovery of a new mineralized lithium zone at the Whabouchi property confirms the lateral extension of up to 100m east and west. This discovery is very positive for Durango because of its close proximity to both the proposed pit and current drilling program.”

A total of 87 grab samples were submitted to ALS Minerals Laboratories in Val d’Or, Quebec, for assay.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi project, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including commencement and completion of future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The growing demand for lithium $DGO.ca $FMR.ca $BFF.ca $PFN.ca

Posted by AGORACOM-JC at 11:12 AM on Friday, September 2nd, 2016

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  • Global demand for Lithium is on the up
  • Worldwide demand for finished Lithium is around 160,000 tons a year
  • Expected to rise to 400,000 to 500,000 per year over the next decade.

The global demand for Lithium is on the up, worldwide demand for finished Lithium is around 160,000 tons a year. It is expected to rise to 400,000 to 500,000 per year over the next decade.

According to data from USGS, worldwide lithium production increased slightly in 2015 as a result of an increased demand for battery applications – of which lithium is a key component.

Batteries, specifically rechargeable batteries, have been identified as the largest potential growth area for lithium compounds with the demand for these far outweighing that of other rechargeable ones. Demand is also on the rise as automobile companies have entered the market, developing lithium batteries for electric and hybrid electric vehicles.

– Mineral-sourced lithium regained market share and was estimated to account for one-half of the world’s lithium supply in 2015 – which was 32,500 Mt.

– Rechargeable lithium batteries are used extensively in the growing market for portable electronic devices and increasingly are used in electric tools, electric vehicles, and grid storage applications. Lithium minerals were used directly as ore concentrates in ceramics and glass applications worldwide.

As for world mine production and reserves of lithium, the three powerhouses as listed in the report are:

– Australia leads the charge with 13,400 Mt production of lithium, with 2,000,000 in lithium reserves. Chile comes ins a close second, with 11,500 Mt of lithium and 7,500,000 in reserves. And the third largest producer is China, with 2,200 Mt in production and 3,200,000.

Three lithium producers from across the world:

The only lithium producer in North America is Lithium X, in Clayton Valley, Nevada. The Albermarle’s Silver Peak brine evaporation project, which has been the only lithium brine production in North America since 1966. Recent reports have revealed that Clayton Valley has an inferred resource of 816,000.

Lithium X also owns the Sal de Los Angeles project in the Salta Province, Argentina. It contains a Mineral Resource Estimate of 1,037,000 tonnes of lithium carbonated. Lithium X is focusing on becoming a low cost supplier for the burgeoning lithium battery industry, working with global battery giants like Panasonic, AESC, LG and BYD.

Australian lithium producers Pilbara Minerals own the Pilgangoora development project. The project contains the world’s second largest spodumene resource and one of the largest tantalite resources. With plans to become a leading low cost lithium supplier, a recent Ore Reserve estimate published in March this year revealed a 29.5 million tonnes of lithium oxide.

Shanghai China Lithium, founded in 2002, is a Chinese based lithium production company. The company produces an annual output of 600 tons of lithium dihydrogen phosphate; 3000 tons of Litium Carbonate, and 2500 tons of battery grade lithium hydroxide.

The September issue of Mining Global Magazine is here!

Source: http://www.miningglobal.com/operations/2045/The-growing-demand-for-lithium

Pacific North West Capital Corp. Forms Strategic Advisory Board $PFN.ca

Posted by AGORACOM-JC at 10:06 AM on Wednesday, August 31st, 2016

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  • Announced the Company has formed a Strategic Advisory Board
  • Chairman and CEO, Harry Barr stated; “Advisory Boards are powerful, long-term, strategic tools, if the advice from the Advisors is implemented by the Board and Corporate Management. Our existing Technical, Financial and Administrative Teams are all long term veterans…

August 31, 2016 / Vancouver, British Columbia – Pacific North West Capital Corp. (“PFN” the “Company”) (TSXV: PFN OTCQB: PAWEF FSE: P7J) is pleased to announce the Company has formed a Strategic Advisory Board.

Chairman and CEO, Harry Barr stated; “Advisory Boards are powerful, long-term, strategic tools, if the advice from the Advisors is implemented by the Board and Corporate Management. Our existing Technical, Financial and Administrative Teams are all long term veterans, within our industry; each one of us have contacts with like-minded professionals, who are presently being selected to assist our Company, through our various stages of development.”

Mr. Barr added: “After five very difficult years of no significant new discoveries, for the Metals and Mining Industries, a new era arrived in the spring of 2016. Due to increasing demand, diminishing metal supplies and recent dramatic price increases, for most commodities, Mining and Metals Investors have returned. Most of these Investors have made significant gains in the major and mid-tier sectors and are now placing their capital into Junior Mining Companies, with Proven Management, Advanced Stage Projects and New Commodity Trends. Our Shareholders and Potential Investors should expect announcements of several key individuals, for both the Advisory Board and additions to our Management Team, over the coming months. These individuals will have spent their adult working careers, focused specifically in our industry.”

PFN is once again in a major growth trend, due in part to the addition of a new Lithium Division and the current and planned Exploration Programs on the Company’s existing Platinum Group Metals Division, more specifically; the Company’s 100% owned PGM River Valley Project/River Valley Extension, both of which are located in the Sudbury Mining District, of Ontario.

About PFN’s Platinum Group Metals Division

River Valley is Canada’s Largest Undeveloped Primary PGM Deposit.

Achievements to date and Future Plans for River Valley are outlined below as follows:

  1. 1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with Options to Buy Down
  2. 2.Completed Exploration and Development Programs, on the River Valley Property:

Include more than 600 holes drilled, since year 2000, and several Mineral Resource Estimates and Metallurgical Studies

  1. 3.Results for the current (2012) Mineral Resource Estimate are below
  2. 4.2015 Drill Program confirms New High Grade T2 Discovery
  3. 5.Exploration and Development Plans outlined for 2016
  4. 6.Ongoing Strategic Partner Search for River Valley Project
  5. 7.Results for the most recent Mineral Resource Estimate are summarized below:

– Prepared by Tetra Tech (Wardrop)

– High Confidence: Measured plus Indicated = 72% of total

– Reported on PdEq basis: Pd=40% & Pt=20% of the Payable Metals

– Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1

– High Grade Potential: particularly in the north part of the River Valley Deposit

– Resources under Evaluation for Development Potential, as Open Pit Mining Operation


Click Image To View Full Size


Click Image To View Full Size

  1. 8.Results for the 2015 Discovery Drill Program on the T2 Target are as follows:

-Drill hole intercepts much higher than the average grade, of current Mineral Resource Estimate

-Possible New Mineralized Zone at the north end of the River Valley Deposit

-Show potential to take the River Valley PGM Project in a New Direction

-More drilling required


Click Image To View Full Size

  1. 9. Exploration and Development Plans for 2016
  • -Mineral Prospecting and Geological Mapping on surface: In Progress-Drill Programs targeted to add more higher grade: Drilling Slated for Fall 2016

    -Geological Interpretation and 2D/3D Modelling of all Drill and Surface Results

    -Ongoing Strategic Partner Search for River Valley

Figure 1: Geological map showing the location of the PGM Exploration Property, acquired from Mustang Minerals Corp. The acquired property is south and adjacent to PFN’s Mining Leases, covering the River Valley PGM Project. The acquisition increases the strike length of the PGM deposit, to 16 km, 64 km2, or 16,000 acres, on PFN property.

About PFN’s Lithium Division

The Company’s Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the Company will use its wholly owned U.S.A subsidiary to Acquire and Develop Projects, in Active Mining Camps, in Nevada, Arizona and California.

Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this New Division will Explore for the Minerals needed to fuel the demand for Energy Storage and other Core 21st Century Technologies.

The Company has a Growing Portfolio of Lithium Projects: The Clayton Valley Forks Li Project, in Nevada, is a recent Lithium Brine Project acquired by the Company (see PFN News Releases: April 25th, 2016 and May 9th, 2016).

The Company also has several Hard Rock Lithium Projects in Canada: To date the Company has Acquired 4 Hard Rock Lithium Projects, in the Winnipeg River Pegmatite Field, in SE Manitoba (see PFN News Releases: April 21st 2016, May24th, 2016, June 15th, 2016, July 5th, 2016 and July 21st, 2016). This Pegmatite Field hosts the giant Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. Today, the Tanco Mine is focused on the Mining and Production of Cesium Formate, a drilling fluid for the petroleum industry. PFN’s Li Projects are strategically situated to further Explore this Pegmatite Field. Presently, the Company is the Largest Claim Holder in the Winnipeg River Pegmatite Field.

Lithium and Platinum Group Metal Prices have improved drastically in recent months. Lithium supplies remain in deficit, relative to their demand. Both Metals Groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGMs, demand is increasing for Autocatalysts, a key component for reducing toxic emissions, for automotive, gasoline and diesel engines. Regarding Lithium, there is an ever increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.


Click Image To View Full Size

PFN’s 5 New Lithium Projects in Manitoba, Surrounding Tanco Mine

Figure 1: Company claim blocks in the Clayton Valley area of Nevada

(Figure 1 is a Company-made composite and not intended for redistribution.

The Company accepts no responsibility for the accuracy of these claim blocks, other than the claim block associated with the Clayton Valley Forks Li Project)

Clayton Valley is located in Esmeralda County, Nevada, host to the Albemarle Corporation’s Silver Peak Lithium Mine and Brine processing operations. The mine has been in operation since 1967 and remains the only Brine based Lithium Producer in North America. The new project acquisition in Nevada provides the Company a project, in an area that is well known for its Lithium Carbonate production. Clayton Valley is a centralized location in Nevada, with highway access, power infrastructure, water and local labour.

The company’s new Lithium Brine Project will be approximately 3.5 hours away from Tesla’s Gigafactory, which has a planned annual Lithium-ion battery production capacity of 35 gigawatt-hours per year, by 2020. The CV West Li project is located approximately 3 hours north of the Faraday Electric Car Factory to be operated in Las Vegas, Nevada.

Clayton Valley is one of the few locations globally known to contain commercial-grade Lithium-Enriched Brines.

QUALIFIED PERSON

The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific Northwest Capital. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

Pacific North West Capital (V.PFN) CEO outlines PGM portfolio potential $PFN.ca

Posted by AGORACOM-JC at 12:21 PM on Thursday, August 18th, 2016

  • PGMs to become ever more integral to our daily life
  • need for large domestic supplies will also become incredibly important as the world continues to define its geo-political boundaries

As we move forward into the 21st century with alternative energy traveling on smart grids servicing a variety of energy storage systems, PGMs will become ever more integral to our daily life. The need for large domestic supplies will also become incredibly important as the world continues to define its geo-political boundaries. It’s no wonder North American juniors are scrambling to put together the next big domestic PGM find. Pacific North West Capital (TSX: V.PFN, Forum) has built a robust and diverse portfolio of properties, which includes the company’s 100%-owned highly-prospective River Valley PGM project located in Northern Ontario. I sat down and spoke with Harry Barr, Chairman, CEO & Director of Pacific North West Capital, to get a closer look at the company, its assets and the potential it holds for investors. Have a listen.

http://www.stockhouse.com/news/newswire/2016/08/18/pacific-north-west-capital-v-pfn-ceo-outlines-pgm-portfolio-potential

–Gaalen Engen
http://twitter.com/gaalenengen

Read more at http://www.stockhouse.com/news/newswire/2016/08/18/pacific-north-west-capital-v-pfn-ceo-outlines-pgm-portfolio-potential#mSXrIMSu5FH8okK2.99

Pacific North West Capital Acquires 100% Interest in Eagle Pegmatite, SE Manitoba; Part of the Lithium Two Project $PFN.ca

Posted by AGORACOM-JC at 9:28 AM on Tuesday, August 16th, 2016

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  • Eagle Pegmatite acquired from Mustang Minerals Corp and added as a part of the Lithium Two Project
  • The Lithium Two Project is PFN’s 5th, 100% owned Hard Rock Lithium Project in Southeast Manitoba
  • The Eagle Pegmatite has a 1947 historic, is not 43-101 compliant, and has a resource calculation of 544,460 tonnes of Spodumene with an average content of 1.4% Li2O
  • Summer Surface Exploration planned for 2016 with follow-up drilling in 2017
  • The Company is currently negotiating with interested parties, regarding to Option/Joint Venture arrangements, on its 5, 100% owned Lithium Projects in Manitoba

Vancouver, BC / August 16, 2016 – Pacific North West Capital Corp. (“PFN”, the “Company”) (TSXV: PFN; FSE: P7J; OTCQB: PAWEF announces that it has acquired a 100% interest in Eagle Pegmatite, in SE Manitoba, from Mustang Minerals Corp. This Pegmatite will be a part of the new Lithium Two Project and held under PFN’s 100% owned subsidiary, Lithium Canada Development Inc.

-Eagle Pegmatite acquired from Mustang Minerals Corp and added as a part of the Lithium Two Project

-The Lithium Two Project is PFN’s 5th, 100% owned Hard Rock Lithium Project in Southeast Manitoba

-The Eagle Pegmatite has a 1947 historic, is not 43-101 compliant, and has a resource calculation of 544,460 tonnes of Spodumene with an average content of 1.4% Li2O

-Summer Surface Exploration planned for 2016 with follow-up drilling in 2017

-The Company is currently negotiating with interested parties, regarding to Option/Joint Venture arrangements, on its 5, 100% owned Lithium Projects in Manitoba

The Lithium Two Project is located approximately 145 kilometres (90 miles) NE of Winnipeg, Manitoba, Canada and 22 kilometres north of the Tanco Mine Site. It is a part of the Cat Lake portion of the Cat Lake – Winnipeg River Pegmatite Field. The Winnipeg River Pegmatite Field hosts the World-Class Tanco Pegmatite which has been mined since 1969.

The Lithium Two Project consists of one claim (CAT 3, MB 3903) of 137 hectares (3.4 acres) in size, which is situated north of Cat Lake. The option agreement from Mustang Minerals allows the company to acquire the adjacent ground, should mineralization continue, onto other Mustang claims. This Project has Excellent Access, with a major gravel covered provincial highway through the project area.

The Eagle Pegmatite has been reported to be exposed at surface as a series of lenticular Spodumene-bearing Dykes, over a distance of about 823 metres, with a general strike of 077? and a near vertical dip. Several companies have explored for Pegmatites in the region. In 1947, drilling of the Eagle Pegmatite estimated that there was 544,460 tonnes (600 000 tons) of Spodumene with an average content of 1.4% Li2O to a depth of 61 metres (200 feet). This is a historic estimation and is Non NI 43-101 compliant. It was also reported at that time, that structural controls on the mineralization suggested that the Eagle Pegmatite continued to depth.


Click Image To View Full Size

Lithium Two Project Location Map

The Eagle Pegmatite has a 1947 historic, is not 43-101 compliant, and has a resource calculation of 544,460 tonnes of Spodumene with an average content of 1.4% Li2O

A Surface, Phase One Exploration Program will be carried out during the fall of 2016. This program will consist of Mapping, Prospecting and Sampling of the known Pegmatites. Follow-up Drilling is planned for 2017.

The Lithium Two Project is Lithium Canada Development’s 5th Lithium Project in SE Manitoba. To date, the company has approximately 6,318 hectares (15,612 acres) of mineral claims, with Lithium Mineralization Potential in the Cat Lake-Winnipeg River Pegmatite Field.

As part of our Prospector Generator Model, the Company is currently negotiating with interested 3rd parties for possible Option/Joint Ventures and other Exploration Initiatives on the Company’s Lithium Projects in SE Manitoba.

About The Company’s Lithium Division

The Company’s new Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the Company will use its wholly owned U.S.A subsidiary, to Acquire and Develop Projects in Active Mining Camps in Nevada, Arizona and California.

Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends with Surging Demands and Limited Supply. Going forward, this New Division will Explore for the minerals needed to fuel the demand for Energy Storage and other core 21st Century Technologies.

The Company has a growing portfolio of Lithium Projects. The Clayton Valley Forks Li Project in Nevada is a recent Lithium Brine Project Acquired by the Company (PFN News Releases April 25th, 2016 and May 9th, 2016). The Company also has Hard Rock Lithium projects in Canada (PFN News Releases April 21st, 2016, May 24th, 2016), July 5th, 2016 and July 21st, 2016) located in the Winnipeg River Pegmatite Field of SE Manitoba.

Lithium and Platinum Group Metal Prices have Improved Dramatically in recent months. Lithium Supplies remain in deficit, relative to their demand. Both Metals Groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGMs, demand is increasing for Autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. Regarding Lithium, there is an ever-increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

An aggressive 2016/17 Acquisition and Exploration Program is underway with the objective to have several projects at the drill ready stage, by early 2017.

About the Company’s Platinum Group Metals Division

Achievements to date and future plans for River Valley are outlined below as follows:

  1. 1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with Options to buy down;
  2. 2.Completed Exploration and Development Programs on the River Valley Property include more than 600 holes drilled since year 2000 and several mineral resource estimates and metallurgical studies;
  3. 3.Results for the current (2012) mineral resource estimate are below;
  4. 4.2015 Drill Program confirms New High Grade T2 Discovery


Click Image To View Full Size

  1. 5.Exploration and Development Plans outlined for 2016
  2. 6.Ongoing Strategic Partner search for River Valley Project
  3. 7.Results for the most recent Metallurgical Testwork Study are summarized below:

– Prepared by Tetra Tech (Wardrop)

– High Confidence: Measured plus Indicated = 72% of total

– Reported on PdEq basis: Pd=40% & Pt=20% of the payable metals

– Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1

– High Grade potential, particularly in the north part of River Valley deposit

– Resources under evaluation for development potential as open pit mining operation


Click Image To View Full Size


Click Image To View Full Size

  1. 8.Results for the 2015 Discovery Drill Program on the T2 Target are as follows:

– Drill hole intercepts much higher than average grade of current mineral resource estimate

– Possible new mineralized zone at the north end of the River Valley Deposit

– Recent results show potential to take the River Valley PGM Project in a new direction

-More drilling required and field crews are currently ground-proofing the targets to better pinpoint Fall and Winter Drill Programs


Click Image To View Full Size

  1. 9. Exploration and Development Plans for 2016:

-Mineral Prospecting and Geological Mapping on surface

-Drill Programs targeted to add more higher grade

-Geological Interpretation and 2D/3D Modeling of all Drill and Surface results

-Application to the OPA’s Junior Exploration Assistance Program (JEAP) for 33% refund

of all Exploration Expenditures, up to $300,000.

-Ongoing Strategic Partner Search for River Valley

  1. 10.PFN has recently (News Release August 4th, 2016) acquired additional ground in the River Valley area from Mustang Minerals
  2. 11.Aggressive on-going Project Acquisition Program in North America, with Specific focus on the Sudbury Mining District and in Alaska

QUALIFIED PERSON

The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific Northwest Capital. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors

” Harry Barr ”

Harry Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements:. This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

PFN Acquires Strategic & Adjacent PGM Project, Near Sudbury, Ontario’s River Valley, Adding 4km to Core PGM Project $PFN.ca

Posted by AGORACOM-JC at 9:05 AM on Thursday, August 4th, 2016

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  • Signed an agreement with Mustang Minerals Corp. (TSXV: MUM) to acquire 100% interest in 6, Strategic, Mineralized Claims, of Mustang’s River Valley Platinum Group Metal (PGM) property, near Sudbury, Ontario
  • Acquisition increases the size of PFN’s project footprint to more than 64 km2 (16,000 acres), mainly on the highly PGM mineralized River Valley Intrusion

Vancouver, BC, Canada / August 4, 2016 – Pacific North West Capital Corp. (“PFN”, the “Company”) (TSXV: PFN; OTCQB: PAWEF; FSE: P7J; announces that it has signed an agreement with Mustang Minerals Corp. (TSXV: MUM) to acquire 100% interest in 6, Strategic, Mineralized Claims, of Mustang’s River Valley Platinum Group Metal (PGM) property, near Sudbury, Ontario (Figure 1). The River Valley PGM Extension Claims are adjacent to, and south of, PFN’s current River Valley PGM Project mining leases. The acquisition increases the size of PFN’s project footprint to more than 64 km2 (16,000 acres), mainly on the highly PGM mineralized River Valley Intrusion. The six acquired claims overlay a 4 km long PGM mineralized trend, which is the southward continuation of the River Valley PGM Deposit, on PFN’s mining leases to the north. With the acquisition, the total strike length of the River Valley PGM Deposit increases to 16 km, on PFN’s property. Mustang’s work on the property included Mapping, Prospecting, Geophysical Surveys and Diamond Drilling. Surface grab samples returned assays of up to 10 g/t PGM. A total of 57 diamond holes were drilled, for more than 16,000m. Highlights of the drilling include: 1.42 g/t PGM over 9.0m in hole MR02-59, 4.0 g/t PGM over 2.1m in hole MR02-62, and 2.2 g/t PGM over 4.5m in hole MR02-64. The Main Mineralized Zone remains open at depth. Ground Geophysical Survey Results and Structural Geology Interpretation of the property, reveal Priority Exploration Targets, in under-explored areas, which resemble the high-grade T2 Discovery and other similar targets on the adjacent PFN mining leases (Figures 2 & 3) (see PFN press release dated March 11, 2015).

-PFN’s property acquisition increases strike length of mineralization from 12 km to 16 km

-Mineralized drill core, surface grab samples and historic showings

-Surface grab samples grading up to 10 g/t Platinum Group Metals (PGM)

-Drill core samples grading up to 2.2 g/t PGM over 4.5m from 60.5m downhole

-PFN’s property position at River Valley increased to a total of 64 km2 or 16,000 acres

-Summer Surface Exploration Program underway to guide planned Fall Drill Program

-PFN’s River Valley Project is Canada’s Largest Undeveloped Primary Platinum Group Metal Project, with 2.5 Moz PGM, in near-surface Measured and Indicated Resources, within 100 km of Sudbury

-Excellent Infrastructure Support, with Year-Round Road Access and nearby Rail, Power and Communities and 100 km from Sudbury Metallurgical Complex

-New 100% owned Lithium Division, with Pegmatite Projects in Manitoba and Brine Projects in Nevada and Summer/Fall Exploration Programs In Progress

The recently announced Surface Exploration Program for PFN’s River Valley PGM Project (see PFN press release dated June 15th, 2016), will be expanded to cover the newly acquired claims from Mustang Minerals Corp.

The six claims were acquired from Mustang Minerals Corp., for $50,000 cash and shares of PFN.

The shares are subject to a regulatory hold of 4 months and 1 day, and TSX Venture Exchange approval of the Transaction. Mustang Minerals Corp. retains a 1% Net Smelter Return (NSR) on any production from the six claims. The NSR can be purchased by PFN at any time for $500,000. The six claims were acquired from Mustang Minerals Corp. for $50,000 cash and shares of PFN.

Figure 1: Geological map showing the location of the PGM exploration property acquired from Mustang Minerals Corp. The acquired property is south and adjacent to PFN’s Mining Leases, covering the River Valley PGM Project. The acquisition increases the strike length of the PGM deposit, to 16 km, 64 km2, or 16,000 acres, on PFN property.

Figure 2: River Valley location (inset) and Property Geology Maps, showing the position of the Target T2 Discovery, at the north end of the PGM Deposit, between the Dana North Zone to the east and the Pardo Zone to the north. Note location of the Spade Zone, discovered in 2012 but never followed up.


Click Image To View Full Size

Figure 3: Map showing location of three T2-like Drill Targets, at the north end of the River Valley PGM Deposit, on PFN’s Mining Leases.

About PFN’s Platinum Group Metals Division

River Valley is Canada’s Largest Undeveloped Primary PGM Deposit.

Achievements to date and Future Plans for River Valley are outlined below as follows:

  1. 1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with Options to Buy Down
  2. 2.Completed Exploration and Development Programs, on the River Valley Property:

Include more than 600 holes drilled, since year 2000, and several Mineral Resource Estimates and Metallurgical Studies;

  1. 3.Results for the current (2012) Mineral Resource Estimate are below;
  2. 4.2015 Drill Program confirms New High Grade T2 Discovery
  3. 5.Exploration and Development Plans outlined for 2016
  4. 6.Ongoing Strategic Partner Search for River Valley Project
  5. 7.Results for the most recent Mineral Resource Estimate are summarized below:

– Prepared by Tetra Tech (Wardrop)

– High Confidence: Measured plus Indicated = 72% of total

– Reported on PdEq basis: Pd=40% & Pt=20% of the payable metals

– Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1

– High Grade Potential: particularly in the north part of River Valley Deposit


Click Image To View Full Size

– Resources under Evaluation for Development Potential, as Open Pit Mining Operation


Click Image To View Full Size

  1. 8.Results for the 2015 Discovery Drill Program on the T2 Target are as follows:

-Drill hole intercepts much higher than the average grade, of current Mineral Resource Estimate

-Possible New Mineralized Zone at the north end of the River Valley Deposit

-Show potential to take the River Valley PGM Project in a New Direction

-More drilling required


Click Image To View Full Size

  1. 9. Exploration and Development Plans for 2016

-Mineral Prospecting and Geological Mapping on surface: In Progress

-Drill Programs targeted to add more higher grade: Drilling Slated for Fall 2016

-Geological Interpretation and 2D/3D Modelling of all Drill and Surface Results

-Ongoing Strategic Partner Search for River Valley

About PFN’s Lithium Division

The company’s Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the company will use its wholly owned U.S.A subsidiary to Acquire and Develop Projects, in Active Mining Camps, in Nevada, Arizona and California.

Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this New Division will Explore for the Minerals needed to fuel the demand for Energy Storage and other core 21st Century Technologies.

The company has a growing portfolio of Lithium Projects: The Clayton Valley Forks Li Project, in Nevada, is a recent Lithium Brine Project acquired by the company (see PFN News Releases: April 25th, 2016 and May 9th, 2016).

The company also has several Hard Rock Lithium Projects in Canada: To date the company has Acquired 4 Hard Rock Lithium Projects, in the Winnipeg River Pegmatite Field, in southeast Manitoba (see PFN News Releases: April 21st 2016, May24th, 2016, June 15th, 2016 and July 5th, 2016). This Pegmatite Field hosts the giant Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. Today, the Tanco Mine is focused on the Mining and Production of Cesium Formate, a completion fluid for the petroleum industry. PFN’s Li Projects are strategically situated to further Explore this Pegmatite Field. Presently, the company is the Largest Claim Holder in the Winnipeg River Pegmatite Field.

Lithium and Platinum Group Metal prices have improved drastically in recent months. Lithium supplies remain in deficit relative to their demand. Both Metals Groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGMs, demand is increasing for Autocatalysts, a key component for reducing toxic emissions, for automotive, gasoline and diesel engines. Regarding to Lithium, there is an ever increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

QUALIFIED PERSON

The contents contained herein that relates to Exploration Results or Mineral Resources, is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific North West Capital. Dr. Stone is the Qualified Person, as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors

” Harry Barr ”

Harry Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements. This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

Tesla Opens Gigafactory to Expand Battery Production, Sales $FMR.ca $DGO.ca $PFN.ca $BFF.ca

Posted by AGORACOM-JC at 8:09 AM on Wednesday, July 27th, 2016
  • Tesla officially opened its Gigafactory on Tuesday
  • Could nearly double the world’s production of lithium-ion batteries.
  • Factory is about 14 percent complete
  • When finished, it will be about 10 million square feet, or about the size of 262 NFL football fields

Sparks, Nev. (AP) — It’s Tesla Motors’ biggest bet yet: a massive, $5 billion factory in the Nevada desert that could nearly double the world’s production of lithium-ion batteries.

Tesla officially opened its Gigafactory on Tuesday, a little more than two years after construction began. The factory is about 14 percent complete, but when it’s finished, it will be about 10 million square feet, or about the size of 262 NFL football fields. That will make it one of the largest buildings in the world.

The factory is key to the future of Palo Alto, California-based Tesla. The 13-year-old electric car company, which has never made a full-year profit, wants to transition from a niche maker of luxury vehicles to a full-line maker of affordable cars, pickups and even semi-trucks. It also runs Tesla Powerwall, a solar energy storage business for homes and businesses.

The company says making its own lithium-ion batteries at the scale the Gigafactory will allow will reduce its battery costs by more than a third by 2018. Tesla CEO Elon Musk said the factory could easily employ 10,000 people in the next three to four years.

An inside view of the Tesla Gigafactory. g
An inside view of the Tesla Gigafactory. g
Photographer: Troy Harvey/Bloomber

Most immediately, Tesla needs the batteries for its fourth car, the Model 3 sedan, which is scheduled to go on sale at the end of next year. At a starting price of around $35,000, the Model 3 will be Tesla’s least expensive vehicle, partly because of battery cost reductions. The batteries for Tesla’s current vehicles, the Model S sedan and Model X SUV, are made in Japan.

Tesla unveiled the Model 3 at the end of March. Within a week, more than 325,000 people had put down a $1,000 deposit to reserve the car. After seeing that level of demand, Tesla moved its production plans forward. The company now says it will make 500,000 vehicles per year by 2018, two years earlier than scheduled.

To meet that goal, Gigafactory construction is proceeding at a furious pace. Inside the factory, Tesla’s partner, Panasonic Corp. — which has invested $1.6 billion into the factory — is installing machines in sealed, humidity-controlled rooms that will start making battery cells before the end of this year.

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Panasonic is also shipping cells from Japan to the Powerwall business, which is operating in another section of the factory. Robots are used to place battery packs into home and office units, which store energy from solar panels and allow users to tap it during peak periods. Musk said the Powerwall business will initially make up about one-third of the Gigafactory’s output, but eventually could expand to around half.

Outside, nearly 1,000 workers are laying the groundwork for the factory’s expansion, digging trenches and erecting steel supports in the hot, dusty valley. By the second quarter of 2017, 31 percent of the factory will be completed. Eventually, the roof will be covered in solar panels.

Musk noted that some of the area’s 10,000 wild horses often drink from the ponds at the construction site. Nevada won the factory thanks in part to $1.3 billion in tax incentives, which will benefit Tesla over a 20-year period.

“I find this to be quite romantic,” he said. “It feels like the wild West.”

The factory’s name stems from “giga,” a unit of measurement that represents billions. One gigawatt hour is the equivalent of generating one billion watts for one hour — one million times that of one kilowatt hour.

Tesla says the factory will be producing 35 gigawatt hours of batteries by 2018. That’s the equivalent to the entire world’s production in 2014. Tesla CEO Elon Musk has said the factory has the capacity to produce 150 gigawatt hours if it needs to. To put that in context, New York City uses around 52 gigawatt hours of energy per year.

Analysts say bringing battery production in-house, instead of buying batteries like General Motors Co. and other major automakers do, can help bring down costs, but also leaves Tesla exposed. If the Model 3 is delayed, for example, or customers’ deposits don’t turn into actual sales, Tesla will have extra batteries on its hands and no way to recoup its costs.

“They could be left with a lot of excess capacity in the near term,” said Sam Abuelsamid, an analyst with Navigant Research. Abuelsamid says there’s also the possibility that advances in battery technology in the longer term could force Tesla to make expensive new investments.

There are also competitors who could derail Tesla’s dreams. Chinese automaker BYD Co., which is backed by Warren Buffett’s Berkshire Hathaway Corp., also makes batteries and energy storage systems and is already building battery-powered buses in the U.S. The company hopes to bring low-cost electric cars to the U.S. in a few years.

Musk says there are still plenty of ways for Tesla to reduce costs, including making its factories more efficient and eventually building more battery factories in Europe, China and other regions where its cars are sold.

The company also is using a different type of battery cell in the Model 3 than it did in the Model S and Model X in an effort to reduce costs.

Source: http://www.bloomberg.com/news/articles/2016-07-26/tesla-opens-gigafactory-to-expand-battery-production-sales?utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&cmpid%3D=socialflow-twitter-business