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Pacific North West Capital Issues Exploration Update, Announcing Plans for 2016 Ontario Drilling Program – Video News Alert $

Posted by AGORACOM-JC at 11:51 AM on Tuesday, June 7th, 2016

Vancouver, British Columbia–(June 7, 2016) – Following the receipt of a 2nd three-year exploration permit for its River Valley platinum metals project, Pacific North West Capital (TSXV:PFN) (OTC Pink:PAWEF) (FSE:P7J.F) issued an exploration update along with plans for its 2016 exploration program in Ontario.

InvestmentPitch Media has produced a “video news alert” which provides a brief overview of the company. If this link is not enabled, please visit and enter “Pacific North West” in the search box.

The permit covers drilling of up to 20 diamond holes on its 100% owned River Valley platinum metals project located 100 kilometres by road from Sudbury, Ontario.

The company was approved for a rebate from the Junior Exploration Assistance Program, and will receive $66,600 after investing $200,000 in exploration during 2016.

In March 2015, the company announced significant drill results from 2 holes that tested a new target area, confirming a new high grade PGM zone. The first hole intersected 16 metres grading 2.05 grams per tonne palladium and platinum, with the second hole intersecting 18 metres grading 2.79 grams per tonne.

Ten holes are planned to expand and define Target T2, the new higher grade PGM discovery. Depending on the drill results, the remaining holes could be drilled to test T2-like targets elsewhere at the north end of River Valley for higher grade PGM mineralization.

More than 600 holes have been drilled on the property since 2000, resulting in several mineral resource estimates and metallurgical studies. The company filed a NI 43-101 Resource Estimate in 2012. Using a cut-off of 0.80 grams per tonne palladium equivalent, the company reported 91.3 million tonnes of measured and indicated resources, at an average of 1.38 grams per tonne. This resulted in approximately 3.9 million palladium equivalent ounces of contained metals, with another 1.2 million ounces in the inferred category.

With approximately $30 million spent on the property, the River Valley Project has been called “Canada’s largest undeveloped Primary PGM deposit”. PGM refers to palladium, platinum, and rhodium, with 65% of global palladium demand used for reducing toxic emissions from automobile gasoline engines, and 40% of global platinum production used for reducing toxic emissions from automobile diesel engines.

The company is currently seeking a strategic partner for this project.

Looking to the future growth of electric vehicles, and the demand for batteries for a wide variety of devices, the company is building a portfolio of lithium projects, including a brine project in Clayton Valley Nevada, and hard rock lithium projects in Canada.

For more information, please visit the company’s website,, contact Harry Barr, Chairman & CEO, at 604-685-1870 or email [email protected].

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