Published on: 6/3/2004 11:08:00 AM Font Sizes:  Normal Text Large Text

$3M River Valley drilling program announced (06/04)


By: Northern Ontario Business Staff

 

Pacific North West Capital Corp. and their Sudbury PGM partners Anglo Platinum have announced a $3-million drilling program for their River Valley project.

 

It is the seventh phase of drilling the two companies have undertaken in the Sudbury area, and will centre around the highly prospective Varley Zone.

 

Phase 7 includes 15,000 feet of drilling and will commence during the third week of May. Emphasis will be placed on expanding targets previously identified by reconnaissance drilling, geophysics and geology.

 

The Varley Zone is one of eight target areas along a nine-kilometre long contact in the River Valley intrusive, the source of some promising high-grade

platinum group metal mineralization finds last fall.

 

Anglo Platinum has already committed more than $12.8 million to the River Valley project to date.

 

 

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