VANCOUVER, July 31, 2014 /CNW/ - Pacific North West
Capital Corp. (TSX-V: PFN) today provides an update on its search
for a strategic joint venture partner for its River Valley platinum group metal (PGM)
project, near the city of Sudbury,
Ontario (Canada).
PFN is pleased to announce that it has hired SFA (Oxford) Limited (Oxford, UK) to provide an independent
strategic assessment of its 100% River Valley PGM Project, near the
world-class nickel-copper-PGM mining and processing centre of
Sudbury, Ontario (Figure
1). The assessment document will be a concise compilation
report of a high-level case for investment in the River Valley PGM
Project against other global projects and operations. The
document will provide key support for PFN's search for a credible
and well-funded strategic joint venture partner to share its vision
and commitment to explore and develop the River Valley PGM
Project.
SFA Oxford enjoys a global reputation as a group of independent
consulting analysts in mining, metals and commodities, with
specialization in PGM (including palladium – the main metal at
River Valley). The timing of
PFN's decision to hire SFA Oxford builds on the strong global
fundamentals currently driving up the commodity price of
palladium. Continuing production challenges in South Africa and rising tensions with
Russia, the world's two largest
PGM producers, combined with soaring demand from the global
automotive industry for auto catalysts (of which palladium is a key
component) have all renewed interest in PGM projects in safe,
secure mining jurisdictions like Canada.
River Valley is one of the
largest primary PGM Projects in Canada. NI43-101 compliant near-surface
resources are: 26 Mt grading 1.5 g/t PdEq for 1.2 Moz contained
PdEq in the measured category; 66 Mt grading 1.4 g/t PdEq for 2.8
Moz contained PdEq in the indicated category; and 36 Mt grading 1.1
g/t PdEq for 1.2 Moz contained PdEq in the inferred category
(for the details see PFN's website at www.pfncapital.com). The
Project is located within 100 road-km of Sudbury and is readily accessible via paved
and gravel roads with settlements, power and rail all
nearby.
Figure 1- Location Map of River Valley PGM Project near
Sudbury, Ontario (Canada).
http://www.pfncapital.com/i/maps/073114PFN_Map.jpg
The River Valley PGM deposit is overlain by mining leases owned
100% by PFN. Exploration upside is enormous, particularly at
depth.
About Pacific North West Capital
PFN is a mineral exploration company whose philosophy is to be a
project generator, explorer and project operator in order to
option/joint venture its projects to partners for funding through
to production. PFN is focused on the discovery, exploration and
development of PGM and nickel‐copper sulphide deposits in
geologically prospective regions in North
America, particularly Canada. The Company's key asset is its 100%
owned River Valley PGM Project in the Sudbury region of northern Ontario. River
Valley is one of the largest undeveloped primary PGM
projects in Canada. PFN also has
PGM projects in Alaska. The
Company continues to evaluate PGM and nickel‐copper properties and
projects elsewhere in North
America for potential acquisition opportunities.
Pacific North West Capital Corp. is an International Metals
Group Company.
(www.internationalmetalsgroup.com).
About SFA (Oxford)
Limited
SFA (Oxford) is the world
authority on the platinum-group metals market and other strategic
commodities. The company is wholly independent. Its in-depth
market research and integrity is underpinned by extensive
consulting from mine to market to recycler, an unrivalled global
industry network, and annual industry conferences.
With a team of nine dedicated PGM analysts, who have wide and
varied industry expertise and knowledge, each one specialising in a
core area of the value chain, as well as many internationally-based
associates, SFA is able to provide their clients with answers to
the most difficult questions affecting the future of the industry.
They work with producers, refiners, recyclers, end-users,
investors and governments, many of whom have remained loyal
clients throughout more than a decade in the business.
On behalf of the Board of Directors
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.
SOURCE Pacific North West Capital Corp.