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Pacific North West, Benton complete Swayze surveying 2008-07-03 13:10 ET - News Release See News Release (C-PFN) Pacific North West Capital Corp Mr. Harry Barr of Pacific North West reports PACIFIC NORTH WEST CAPITAL AND BENTON RESOURCES COMPLETE HELICOPTER-BORNE MAGNETIC AND VTEM SURVEY ON THE SWAYZE NICKEL PROJECT, ON Pacific North West Capital Corp. and Benton Resources Corp. have completed a helicopter-borne magnetic and electromagnetic (VTEM) survey over the Tooms Twp claim block of the Swayze joint venture project located west of Timmins, Ont. The Swayze JV was formed to explore for nickel-copper-platinum-palladium deposits in the ultramafic rocks of the Swayze greenstone complex, centred 80 kilometres southwest of Timmins. Landholdings include three claim blocks totalling 670 units located in Tooms, Heenan and Kenogaming townships. The Tooms property is host to several nickel showings with historical values including drill core values of up to 0.83 per cent Ni over 7.3 metres including 2.5 per cent Ni over 1.6 metres (MNDM assessment files). On the Heenan Twp claim block, a 20-kilometre grid has been cut and ground magnetic and induced polarization surveys have been completed over a new gold-bearing zone discovered by prospectors John Hussey and Armand Aube of Timmins. Initial surface grab samples from the zone have returned up to 4.3 grams per tonne gold. Mapping and prospecting crews are currently active on the Heenan and Kenogaming claim blocks and will be dispatched to the Tooms property when results from the airborne survey have been compiled. Benton Resources and Pacific North West Capital are participating in a 50-50 joint venture whereby both companies agree to bear all expenditures and participate in a single-purpose unincorporated joint venture for the purpose of carrying out all mineral exploration. Benton is the operator for the project and will be responsible for carrying out all exploration activities. |
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| aus der Diskussion: | Benton Resources (BTC). Guter kanadischer Gold- und Uranwert |
| Autor (Datum des Eintrages): | Dantyren (03.07.08 19:34:46) |
| Beitrag: | 84 von 92 (ID:34433936) |
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