Ni-Cu-PGE mineralization discovered on PFN's Tonsina Property

VANCOUVER, BC - Pacific North West Capital Corp. reported the results from the 2007 exploration program conducted at its 100% controlled Tonsina Property located in Southcentral Alaska. Outcrop sampling and mapping completed in September has defined a drill ready nickel, copper, and platinum group element target.
Highlights from the 2007 exploration program include: Chromite bearing outcrop grab samples contain up to 2.3g/t platinum and 1.6g/t palladium; Chip channel samples of chromite and sulfide bearing outcrop contain up to 0.86g/t platinum and 1.1g/t, palladium over a 2 meter interval; Sulfide bearing outcrop grab samples contain up to 0.97% nickel and 0.58% copper and Chip channel samples of sulfide bearing outcrop contain up to 0.75% nickel over a 2 meter interval.
The 7,360 acre Tonsina Property is centered on Sheep Hill in the northeastern Chugach Mountains only 8 km east of the paved Richardson Highway and approximately 80 road miles north east of the all-weather port of Valdez.
Two samples collected from this outcrop returned values of 0.39% Ni, 0.19% Cu, 616ppb Pt, 856ppb Pd, and 0.49% Ni, 0.25% Cu, 574ppb Pt, 856ppb Pd.
Nickel, copper, and platinum group element mineralization is hosted in dunite and lherzolite within the Tonsina Ultramafic Complex. The mineralized rock units comprise a north dipping magmatic layer. Sulfide and chromite mineralization within this layer define a distinct horizon (reef) up to 30 meters thick that has been mapped and sampled over a strike distance of 900 meters. The mineralized unit extends under cover to the north and west and is truncated to the east by a high angle fault with unknown displacement. This exploration success illustrates the potential for reef style nickel, copper and platinum group element mineralization in other magmatic layers of the Tonsina Ultramafic Complex.
The company's address is 2303 West 41st Avenue, Vancouver, BC V6M 2A3, (604) 685-1870, fax: (604) 685-8045, email: [email protected].