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VanEck Vectors Global Alternative Energy ETF

Publié le 18 avril 2008

Completes VTEM Geophysical Survey Over Nickel Plats Project, Saskatchewan

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 Toll free 1.800.667.1870

 www.pfncapital.com

News Release
Pacific North West Capital Completes VTEM Geophysical Survey 
Over Nickel Plats Project, Saskatchewan

April 17, 2008, Vancouver, BC -- Pacific North West Capital Corp. (TSX: PFN OTCBB: PAWEF Frankfurt: P7J) is pleased to advise that a 2284 kilometre Geotech Ltd., helicopter-borne VTEM (Versatile Time Domain Electromagnetic) geophysical survey has been completed over the Nickel Plats mineral claim holdings in Saskatchewan. 

The property is situated 72 kilometres north-east of the town of La Ronge, SK. The survey results will define the geophysical signature of the gabbro intrusive, and the Gochagar Nickel-Copper occurrence. The area of the occurrence has been previously tested with 88 diamond drill holes by Scurry Rainbow in the 1960's, and by Flanagan, McAdam and Company (McNickel Inc.) in the late 1980's early 1990's. The Saskatchewan mineral deposits index reports a Northern Miner Magazine release (04/11/1989) indicating a non compliant national instrument 43-101 "resource" of 1,700,000 tons grading 0.74% combined Nickel and Copper. The mineralization occurs as massive pods, disseminated blebs and fracture fillings within the gabbro. The mineral deposits index cites historical samples analysis results of up to 3.92% Nickel, 0.07% Copper and 2.86% Cobalt. 

The resource referred to above is historical in nature, and was compiled before NI 43-101. PFN has not independently analyzed the results of the previous exploration therefore; the historical results should not be relied upon. PFN believes this historical resource provides an indication of a mineralized system within the property that is relevant to ongoing exploration.

Future work within the property will be directed to define, and expand a mineral resource to NI 43-101 standards. 

About Pacific North West Capital Corp. 

Pacific North West Capital Corp. 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, First Nickel, Benton Resources and SOQUEM. 

The company has over $11 million in working capital and securities.

The Qualified Person for this release is David Powers, H.BSc, P. Geo, VP Project Development, Pacific North West Capital Corp.


On behalf of the Board of Directors

"Harry Barr"
Harry Barr, President & CEO


For further information, please contact our Investor Relations Department at Toll Free 1-800-667-1870


This email should not be construed as an offer to buy or sell securities of Pacific North West Capital Corp.

 

VanEck Vectors Global Alternative Energy ETF

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CODE : PFN.TO
ISIN : CA6949161070
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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.

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