| | Publié le 17 décembre 2007 | President's Letter 2007 |
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Suivre la société
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Dear Shareholder,
With the 2007 year coming to
an end, I would like to update you on both our Platinum Group Metal and
Nickel division.
Over the past few months,
Pacific North West Capital has been very aggressive in acquiring and
exploring properties related to both its PGM and Nickel
divisions. The first phases of work have been completed on the
new acquisitions and our exploration team is currently finalizing next
year's budget. The 2008 budget is currently estimated to be $5
million and will include commitments from our major partners.
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Project Updates
River Valley PGM Project, Ontario - Joint Venture with Anglo
Platinum
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We
recently have announced a Phase 9B $525,000 budget for continued
evaluation of the interior River Valley Intrusive (RVI), that has been
approved for the River Valley PGM Project by joint venture partner
Anglo Platinum Limited ("Anglo Platinum"); the world's largest primary producer of platinum.
The objective of the 2007 program is to define new PGM
mineralization that could expand the potential of the project. These
new areas have been indicated by geophysical (magnetic and IP)
responses within the RVI.
To date Anglo Platinum has
expended approximately $20 million on this project. This project,
which has resulted in the delineation of a very substantial Palladium
and Platinum resource. Although Palladium and Platinum occur
roughly in a ratio of 3:1, the differential in metal prices results in
the Platinum content is being marginally more valuable than Palladium.
The company's thrust on this
project is threefold. Firstly, the resource established to date
lies within 200
metres of the surface. This resource is
now being examined in greater detail to ascertain whether higher grade
sections within it can be broken out, which might be amenable to open
pit mining at specific metal prices. Secondly, the company feels
strongly that the mineralization established to date, along a very
extensive (several km.) strike length and to relatively shallow depth,
may represent just the near surface expression of much more extensive
mineralization, extending several hundreds of metres to depth, with the
possibility of higher grades and different styles of
mineralization. The company is now examining ways in which we
vector in on deeper drill targets. Finally, the price of
Palladium is also a major factor for the River Valley Project and any
major increase in Palladium will positively affect the projects
economics.
Coldwell PGM-Cu Project, Ontario
One of our recent project
acquisitions is located in the Coldwell Complex - the largest composite
alkaline intrusive complex in North America.
Marathon PGM Corporation's PGE-Cu deposit is associated with the
Eastern Border Gabbro unit of the Coldwell
Complex. A $900,000 exploration program commenced in the
fall of 2007 including prospecting, mapping, lake bottom geochemical
sampling and geophysics. We are expecting our results on these
areas in the first quarter of 2008. The objective of the first
phase for the program is to outline drill targets for the latter part
of 2008.
Goodnews Bay Platinum Project, Alaska -
Option/Joint Venture with Stillwater Mining Company
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PFN
and Stillwater are exploring the Goodnews Bay Platinum Project where numerous
shallow soil and deep auger overburden samples have been taken in the Red Mountain
and Susie
Mountain target
areas. The samples are currently being analyzed. Promising new chromite occurrences have been located in the Red Mountain area which have been
sampled and sent for analysis. Final reports are in progress, and a
budget proposal is being prepared for Stillwater and will focus on drilling
the project in 2008.
Stillwater PGM Reconnaissance -- Alaska
In addition to our work with
Stillwater Mining Company in the Goodnews Bay
region, Stillwater provided an
additional $500,000 budget for reconnaissance work in Alaska
region. Initial results from our reconnaissance projects look
positive and are currently being tabulated and a 2008 recommendation
will be submitted to Stillwater
before year end.
Raglan Hills Nickel Project, Ontario
-- Joint Venture with First Nickel
The Raglan Hills Project is
situated northeast of Bancroft in the Province of Ontario
and comprises 21 claim blocks totalling 2,752 hectares.
The Raglan Hills Project is located over the north-eastern portion of
the Raglan Hills Intrusive Complex. The Complex is a differentiated mafic intrusive composed primarily of meta‐gabbro with lesser proportions of meta‐pyroxenite. The more mafic,
pyroxenitic units host historical, nickel and
copper sulphide showings and may represent the feeder system to the
Intrusive Complex. Minimal exploration has occurred since the late
1980's and the property has potential to host economic nickel copper
sulphide zones within this feeder system. The exploration program will
be designed to identify and test priority areas within the property
boundaries.
Pacific North West Capital
and First Nickel have entered into a 50% ‐ 50% Joint Venture
Agreement whereby both Companies agree to bear all expenditures and
participate in a single purpose unincorporated Joint Venture for the
purpose of carrying out all Mineral exploration. First Nickel
will act as Operator for the project and will be responsible for
carrying out all exploration activities.
West
Timmins Nickel Project -- Option/Joint Venture with Xstrata
The Project covers 355
square kilometres (87,720
acres), 60 kilometres
west of Timmins,
Ontario. The West Timmins project is
adjacent to Xstrata's Montcalm
deposit. The Montcalm deposit contains a
proven mineral reserve of 4.1 million tonnes at 1.38% Ni, 0.64% Cu as
of December 31, 2006 and has a remaining mine life of 4.5 years. Ore from the Montcalm operation is being trucked to Kidd
Metallurgical Site, a distance of approximately 90 kilometres
to the east. An extensive geophysical and ground proofing exploration
program has been completed. PFN has expended approximately $2 million
on the project to date with plans to spend an additional $1 million
during the winter 2007/2008 program. In May, a diamond drill program
commenced to evaluate EM conductors to depths of 2000 meters
south of the Montcalm Mine claims. The
targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm
Intrusive Complex (MIC). The program was expanded to 4000 metres in
June 2007.
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Current Activities:
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15 hole 3,413 metre
Drill Program completed
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Year 1 and Year 2 expenditures
have been met - $1.4 million spent to date
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Significant sulphide
mineralization intersected returning anomalous copper (up to 0.12%) and
nickel (up to 0.14%) values
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4,000 meter drill program completed November 2007
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Our Nickel division has been
expanded significantly this year with the acquisition of Nickelmuir in Timmins Ontario,
Nickel Plats Saskatchewan, Northwest Territories Nickel, and Labrador
Nickel. Management continues to negotiate new acquisitions.
Pacific North West Capital
Corp. currently has $8 Million in working capital and
securities.
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For additional information
on our projects, please do not hesitate to contact our Investor
Relations Department, Toll Free at 1.800.667.1870 or email us at
info@pfncapital.com.
On behalf of everyone at
Pacific North West Capital Corp., I would like to wish you a happy and
healthy holiday season.
Best Regards,
Harry Barr, President &
C.E.O.
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This email should
not be construed as an offer to buy or sell securities of Pacific North West
Capital Corp.
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATEUR |
CODE : PFN.TO |
ISIN : CA6949161070 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Pacific NorthWest est une société basée au Canada. Pacific NorthWest détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont NIXON FORK en USA et GLITTER LAKE, RAGLAN HILLS, RIVER VALLEY, COLDWELL, SWAYZE, ROCK & ROLL, NICKEL PLATS et DESTINY GOLD au Canada. Pacific NorthWest est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 711 633 (655 983 US$, 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. |
Présentations des Compagnies de VanEck Vectors Global Alternative Energy ETF |
Rapports annuels de VanEck Vectors Global Alternative Energy ETF |
Financements de VanEck Vectors Global Alternative Energy ETF |
Nominations de VanEck Vectors Global Alternative Energy ETF |
Projets de VanEck Vectors Global Alternative Energy ETF |
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Communiqués de Presse de VanEck Vectors Global Alternative Energy ETF |
09/01/2014 | Announces Voluntary TSX Delisting, TSX Venture Listing and 3... |
24/10/2013 | Platinum Group Metals Update |
25/07/2013 | Announces First Tranche Closing |
02/11/2012 | letter |
10/09/2012 | Announces Results of AGM and Change of Director |
20/03/2012 | (River Valley)Announces High Grade PGM Results at Depth in Dana South Zone... |
21/02/2012 | (River Valley)Completed the First Component of the Environmental Baselines... |
10/01/2012 | (River Valley)Announces Additional High Grade PGM Results for its River Va... |
09/01/2012 | Launches Online Investor Relations and Social Media Program ... |
13/10/2011 | (River Valley)Excellent Drill Results Continue at Pacific North West Capit... |
04/08/2011 | Reports Significant Rhodium Concentrations of Up
To 0.17... |
26/07/2011 | (River Valley)- PFN Reports On Geochemical Study for
Predicting Five-E... |
27/04/2011 | (Rock & Roll)New NI43-101 Resource on the Rock & Roll Gold-Silver-Polymet... |
16/04/2011 | An Interview of Harry Barr, President of Pacific North West ... |
15/03/2011 | Closes $3,000,000 Non-Brokered Private Placement |
15/03/2011 | Closes $3,000,000 Non-Brokered Private
Placement |
01/09/2009 | Acquires Option on Destiny Gold Project, Québec |
19/08/2009 | Option to Acquire 100% of Rock & Roll Property, British Colu... |
22/12/2008 | President's Message |
18/12/2008 | Announces Option to Acquire The Nixon Fork Gold Mine in Cent... |
16/12/2008 | Options Fiedmont Platinum Group Metals (PGM) Property |
27/11/2008 | Visit Pacific North West Capital at the 2008 Hard Assets Inv... |
19/11/2008 | and Benton Resources Corp. Announce Drill Results from the S... |
30/09/2008 | and Benton Resources Commence Drill Program on Heenan Proper... |
08/09/2008 | Thunder Target Update |
03/09/2008 | "Major producer teams up with junior to explore Southwest Al... |
03/07/2008 | Benton Resources Complete Helicopter-borne Magnetic and VTEM... |
18/04/2008 | Completes VTEM Geophysical Survey Over Nickel Plats Project... |
07/04/2008 | to Attend European Gold Forum |
27/02/2008 | & SOQUEM Agree to Phase III PGM Budget |
17/12/2007 | President's Letter 2007 |
05/11/2007 | Phase 9B $525,000 Exploration Budget on River Valley, Valley... |
11/10/2007 | Completes Phase III Acquisition Program, Nickel Plats Projec... |
18/09/2007 | Acquires Three New PGM Projects, Coldwell Complex, Ontario |
13/08/2007 | President's Message / 2007 Summer Update |
28/06/2007 | announces Completion of Phase II Nickel Acquisition, Saskatc... |
21/06/2007 | Joins Benton and Teck in Search for Nickel in Labrador |
19/06/2007 | Nickelmuir Project Acquired, Timmins, Ontario - Aggressive N... |
14/06/2007 | Phase I Nickel Acquisition Program Completed Saskatchewan, P... |
16/05/2007 | Corp. (PFN.TSX) joins Golden Chalice Resources (GCR.TSX-V) i... |
14/05/2007 | / SOQUEM Acquires First Round of Platinum Group Metals Prope... |
11/05/2007 | / Xstrata Nickel commence drilling at West Timmins Nickel Pr... |
Publication de commentaires terminée |
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