Pacific North West Capital Provides Update on River Valley PGM Project

Vancouver, B.C. July 31, 2014. 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).

 

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"

 

Harry Barr

Chairman and CEO

 

Neither the TSX Venture nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

 

Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with TSX Venture Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.