Business
Pacific North West Capital Corp. Announces Intersections up to 296.2 g/t (8.6 oz/ton) Silver, 1.31 g/t (0.04 oz/ton) Gold plus Significant Base Metals at the Rock & Roll Polymetallic (Au-Ag-Cu-Pb-Zn) Project, British Columbia
Pacific North West Capital Corp. Announces Intersections up to 296.2 g/t (8.6 oz/ton) Silver, 1.3...
About this update from Fathom Nickel, Inc.
[{"type":"text","content":"\n\n\n\nDec. 16, 2009 (Canada NewsWire Group) -- VANCOUVER, Dec. 16 /CNW/ -- Pacific North West Capital Corp. (PFN) (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J.F) is pleased to announce results of the recently completed 2009 diamond drilling program on its Rock & Roll Project in northern British Columbia. The Rock & Roll Project hosts precious metals rich, volcanogenic massive sulphide (VMS) mineralization in a volcano-sedimentary host rock package of apparent Triassic age. The mineralization shows similarities to the gold and silver rich mineralization of Barrick Gold's past producing Eskay Creek mine.Known mineralization on the property occurs as multiple stacked sulphide lenses in two zones, the Black Dog and SRV zones, over a strike length of approximately 950 metres. The Black Dog zone hosts an historic, non-NI 43-101 compliant, indicated resource of 580,544 tonnes grading 2.4 g/t gold, 335.9 g/t silver, 0.64% copper, 0.79% lead, and 3.1% zinc (Government of BC, MINFILE No 104B 377). This resource is historic in nature, has not been verified by the Company, and should not be relied upon.As much as 5 km of prospective strike length is present on the property. Historic drilling has tested the known mineralization down to depths of only about 160 meters. In addition, an AeroTEM3 magnetic-electromagnetic survey completed at Rock and Roll in August, 2009, identified numerous anomalies on the property that remain to be tested. Thus there is the potential for additional mineralization along strike and at depth.To view maps, please visit:http://www.pfncapital.com/s/NewsReleases.asp?ReportID=3771142009 Drill ProgramThe 2009 drilling program consisted of a total of 540 meters of core drilling completed in five holes (see accompanying map). The first four holes were designed to test gaps in the historic drilling on the Black Dog Zone in order to establish the degree of continuity of the mineralization and to confirm the historic geological model. Each of the infill drill holes encountered the target mineralization, confirming the continuity of the sulphide lenses and the validity of previous geological interpretations. Significant intersections are summarized in Table 1 below.The final drill hole of the program tested a strong electromagnetic anomaly that may represent the westward continuation of the Black Dog Zone. Drilling at this loca...