NEW AGE METALS INC
PFN is pleased to announce that it recently acquired LiDAR data from its River Valley PGM Project. The LiDAR data were collected during an aerial survey of the PGM project property by Airborne Imaging Inc. of Calgary, Alberta. LiDAR is a remote sensingtechnology that uses laser light to create high resolution digital terrain models.
The LiDAR data collected over the River Valley Project has been used to produce a bare earth digital terrain model for the purposes of: 1) detailed structural and geological interpretation; and 2) future mine site planning studies. The LiDAR bare earth model in combination with PFN's extensive geological, geophysical and geochemical database will prove to be robust and reliable tools for recognizing and targeting new areas of the property with
high exploration potential. Detailed LiDAR models can also aid the future design of roads, open pits, and waste and tailings facilities, and the identification of building stone sources for construction purposes.
Copies of the LiDAR data, models and interpretations will be made available to credible and well-funded companies and groups interested in signing a Confidentiality Agreement and evaluating the River Valley PGM Project for a strategic partnership with PFN. The company has plans to continue exploration on the project in early 2015. Announcements regarding our progress will be forthcoming.
Figure 1. The LiDAR high resolution bare earth model for PFN's 100% owned River Valley PGM Project property near Sudbury, Ontario. PGM mineralized host unit shown in red.
Figure 1.
1
News Release About PFN
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.
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'swebsite for details).
Figure 2. Location of the River Valley PGM Project, Ontario.
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 Chairman and CEOFurther Information: Tel: +1.604.685.1870 Fax: +1.604.685.8045
Email: info@pfncapital.com, or visit www.pfncapital.com
Suite 101 - 2148 West 38th Ave., Vancouver, BC, V6M 1R9
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements. This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as "continue", "efforts", "expect", "believe", "anticipate", "confident", "intend", "strategy", "plan", "will", "estimate", "project", "goal", "target", "prospects", "optimistic" or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company's ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.
2
News Release|
distributed by
|
