Pacific North West Capital Corp. (PFN) has hired British firm SFA Oxford Ltd. to assess the feasibility of its Sudbury-area River Valley platinum group metal (PGM) project in an effort to find a joint venture partner.
The firm will provide “a concise compilation report of a high-level case for investment in the River Valley PGM project against other global projects and operations,” reads a news release from the company. “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.”
With a NI 43-101-compliant resource report of 2.5 million ounces of palladium, platinum and gold in the measured and indicated categories, the company describes River Valley as “one of the largest undeveloped primary PGM projects in Canada.”
Pacific North West is moving towards a preliminary economic assessment and envisions the project as an open-pit PGM, copper, and nickel mining operation. River Valley, located 60 kilometres east of Sudbury, is 100 per cent owned by the company.
Earlier this year, Pacific North West completed a private placement of flow-through shares, raising $500,000 for development and exploration at River Valley.