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Pacific North West Capital Corp. and Benton Resources Corp. Announce Drill Results from the Swayze Project, ON
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Vancouver, Canada -- November 19, 2008: Pacific North West Capital Corp. ("PFN") (TSX: PFN) and Benton Resources Corp. (TSX.V: BTC) are pleased to announce drill results from the Heenan property, which forms part of the Benton/PFN Swayze joint venture project located in the Swayze Greenstone Belt, southwest of Timmins, Ontario. Drilling targeted gold mineralization that was first discovered by prospectors J. Hussey and A. Aube in 1997 and has not seen any exploration activity until the Swayze JV optioned the Heenan claim block in late 2007. As part of the 2008 work program designed to evaluate the nickel potential of the joint venture area, prospecting by Benton Resources on the Heenan property returned grab samples grading from <2 grams per tonne gold up to 6.4 grams per tonne gold. The mineralized zone is hosted within sericite, carbonate +/- albite altered metavolcanic rocks having trace to 10% fine grained disseminated sulphides and is coincident with a distinct 600 meter-long induced polarization chargeability and resistivity anomaly.
A total of 447 meters of drilling in three shallow drill holes tested the subsurface continuity of the gold mineralization on the Heenan property. The holes encountered multiple zones with anomalous gold concentrations, including grades up to 3.42 grams per tonne gold over 0.20 meters.
Results from the Heenan property are as follows (g/t = grams per tonne): |
Hole |
FROM |
TO |
DRILL WIDTH |
Au (g/t) |
Number |
(meters) |
(meters) |
(meters) |
|
H08-01 |
27.30 |
47.20 |
19.90 |
0.20 |
incl. |
42.30 |
45.20 |
2.90 |
1.07 |
|
110.60 |
112.00 |
1.40 |
1.53 |
|
|
|
|
|
H08-02 |
13.70 |
45.60 |
31.90 |
0.20 |
incl. |
20.70 |
21.70 |
1.00 |
0.63 |
and |
29.70 |
30.70 |
1.00 |
1.90 |
H08-02 |
55.70 |
55.90 |
0.20 |
3.42 |
H08-02 |
57.40 |
57.70 |
0.30 |
1.14 |
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|
|
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H08-03 |
27.00 |
41.00 |
14.00 |
0.42 |
H08-03 |
127.60 |
129.00 |
1.40 |
1.07 |
H08-03 |
148.40 |
148.80 |
0.40 |
2.06 |
Reported thicknesses are measured down-hole core thicknesses. The true thickness of the reported intersections are unknown at this time.
Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Corp., is the qualified person responsible for this release.
About Pacific North West Capital Corp:
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J.F) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel, Benton Resources, First Nickel and SOQUEM.
About Benton Resources Corp:
Benton Resources Corp. is a mineral exploration company listed on the TSX Venture Exchange under the symbol BTC. Benton's aggressive and experienced management team is focused on base and precious group metal exploration. The Company's diverse property portfolio includes Canadian projects which are highly prospective for gold, uranium, platinum, palladium, nickel and copper. The Company currently has approximately $18.5 million in working capital.
Pacific North West Capital Corp. has approximately $7.8 million in working capital and securities.
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On behalf of the Board of Directors
"Harry Barr" Harry Barr, President & CEO
For further information, please contact our Investor Relations Department:
Toll Free 1.800.667.1870 Tel: +1.604.685.1870 Fax: +1.604.685.8045
Email: info@pfncapital.com, Web: www.pfncapital.com
2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
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This email should not be construed as an offer to buy or sell securities of Pacific North West Capital Corp.
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATEUR |
CODE : PFN.TO |
ISIN : CA6949161070 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Pacific NorthWest est une société basée au Canada. Pacific NorthWest détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont NIXON FORK en USA et GLITTER LAKE, RAGLAN HILLS, RIVER VALLEY, COLDWELL, SWAYZE, ROCK & ROLL, NICKEL PLATS et DESTINY GOLD au Canada. Pacific NorthWest est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 711 633 (655 983 US$, 480 180 €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2003 à 1,40 , et son plus bas niveau récent le 13 janvier 2014 à 0,02 . Pacific NorthWest possède 47 442 200 actions en circulation. |