Pacific North West - River Valley
Pacific North West Capital Announces Colin Bird's Appointment as President, COO & Director
September 18, 2015 Vancouver, Canada -- Pacific North West Capital Corp. ("PFN" and the "Company") (TSX.V: PFN; Frankfurt: P7J.F; OTCQX: PAWEF is pleased to announce the appointment of Mr. Colin Bird to its Board of Directors. Mr. Bird has also been also appointed as President and COO of the Company.
Mr. Colin Bird is a chartered mining engineer and Fellow of the Institute of Materials, Minerals and Mining. He has spent over 20 years in operational mine management. He has extensive international experience in developing, financing and managing mines. He has been involved in the management of Nickel, Copper, Gold and other diverse mineral operations. He is responsible for listing several resource companies and has been the founder of a number successful companies significantly Kiwara Resources Plc and Pan African Resources Plc. Mr. Bird has served on resource company boards in the UK, Canada and South Africa. He has specific PGM industry knowledge generally gained in South Africa where he is the Chairman of Jubilee Platinum Plc an emerging platinum focused junior.
In connection with Mr. Bird's appointment, the Company has granted Mr. Bird incentive stock options to purchase 1,000,000 common shares at $0.05 per share, exercisable for a period of five years in accordance with the Company's Stock Option Plan. The Options are subject to acceptance for filing by the TSX Venture Exchange.
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. The Company continues to evaluate PGM and nickel‐copper properties and projects in North America for potential acquisition opportunities.
About River Valley PGM Project
Figure 2. Location of the River Valley PGM Project, Ontario.
Figure 2. Location of the River Valley PGM Project, Ontario.
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 (see PFN's website for details).
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. The River Valley PGM deposit is overlain by mining leases owned 100% by PFN. Exploration upside is enormous, particularly at depth.
QUALIFIED PERSON
The technical content of this new release has been prepared, reviewed and approved by Dr. William Stone, P.Geo., principal consulting geologist to Pacific North West Capital Corp. and a Qualified Person under the . provisions of National Instrument 43-101.
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.
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