Amended: Pacific North West Capital Corp. Retains Renmark Financial Communications Inc.
July 12, 2016 / TheNewswire / Vancouver, British Columbia - Pacific North West Capital Corp. ("PFN", the "Company") (TSX.V: PFN; Frankfurt: P7J.F; OTCQB: PAWEF) is pleased to announce that it has retained the services of Renmark Financial Communications Inc., to handle its investor relations activities.
"We are pleased to announce that we have selected Renmark to reinforce PFN's profile in the financial community and enhance the visibility of our project portfolio. We chose Renmark because its standards and methodologies fit best with the message we wish to communicate to the investing public," noted Harry Barr, Chairman, CEO & Director of Pacific North West Capital Corp.
Renmark Financial Communications does not have any interest, directly or indirectly, in Pacific North West Capital Corp. or its securities, or any right or intent to acquire such an interest.
About Renmark:
Renmark Financial Communications Inc. serves as the information conduit between C-suite management of publicly traded companies and registered financial advisors. Founded in 1999, Renmark has operations in Toronto and Montreal. In addition, Renmark hosts corporate presentations on behalf of its clients in all major North American cities and has the largest footprint of any retail investor relations firm in this regard. For more information please visit: www.RenmarkFinancial.com
Renmark Financial Communications Inc.
Robert Thaemlitz: RThaemlitz@Renmark.com
Tel.: (416) 644-2020 or (514) 939-3989
www.RenmarkFinancial.com
About Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX.V: PFN; OTCQB: PAWEF; Frankfurt: PJ7) is a mineral exploration company, focused on the Discovery, Exploration and Development of one of Canada's largest primary Platinum Group Metals (PGM) deposits, the River Valley PGM Project, located in the Sudbury region of Northern Ontario. The Company also has a Lithium Division (Li), with 5 Li Projects.
Management's corporate philosophy is to be a Project Generator, Explorer and Project Operator, with the objective of Option/Joint Venturing its projects, with major and junior mining companies, through to production. Pacific North West Capital Corp. is a member of the International Metals Group of Companies. For further information on the Company and its projects, please visit: www.PFNCapital.com
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.
About Pacific North West Capital's Lithium Division
The company's new Lithium Division will focus on the Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States the company will use its wholly owned U.S.A subsidiary to acquire and develop projects in active mining camps in Nevada, Arizona and California.
Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this new division will explore for the minerals needed to fuel the demand for energy storage and other core 21st Century Technologies.
The company has a growing portfolio of Lithium projects. The Clayton Valley Forks Li Project in Nevada is a recent Lithium Brine Project acquired by the company (PFN News Releases April 25th, 2016 and May 9th, 2016). The company also has Hard Rock Lithium projects in Canada (PFN News Releases April 21st, 2016, May 24th, 2016), June 15th, 2016 and July 5th, 2016.
Lithium and Platinum Group Metal prices have improved dramatically in recent months. Lithium supplies remain in deficit, relative to their demand. Both metals groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGMs, demand is increasing for autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. Regarding Lithium, there is an ever increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.
About the Company's Platinum Group Metals Division
Achievements to date and future plans for River Valley are outlined below as follows:
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1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with options to buy down;
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2.Completed exploration and development programs on the River Valley property include more than 600 holes drilled since year 2000 and several mineral resource estimates and metallurgical studies;
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3.Results for the current (2012) mineral resource estimate are below;
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4.2015 drill program confirms new high grade T2 discovery:
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5.Exploration and development plans outlined for 2016
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6.Ongoing strategic partner search for River Valley Project
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7.Results for the most recent Metallurgical Test Work Study are summarized below:
- Prepared by Tetra Tech (Wardrop)
- High Confidence: Measured plus Indicated = 72% of total
- Reported on PdEq basis: Pd=40% & Pt=20% of the payable metals
- Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1
- High Grade potential, particularly in the north part of River Valley deposit
- Resources under evaluation for development potential as open pit mining operation:
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8.Results for the 2015 discovery drill program on the T2 target are as follows:
- Drill hole intercepts much higher than the average grade of current mineral resource estimate
- Possible new mineralized zone at the north end of the River Valley deposit
- Show potential to take the River Valley PGM Project in a new direction
- More drilling required
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9. Exploration and Development Plans for 2016:
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-Mineral prospecting and geological mapping on surface
-Drill programs targeted to add more higher grade
-Geological interpretation and 2D/3D modeling of all drill and surface results
-Application to the OPA's Junior Exploration Assistance Program (JEAP) for 33% refund
of all exploration expenditures up to $300,000.
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-Ongoing Strategic Partner Search for River Valley
QUALIFIED PERSON
The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific Northwest Capital. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.
On behalf of the Board of Directors
Harry Barr
Chairman and CEO
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.
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