Vancouver — With the drills once again turning on the promising River Valley platinum-palladium property near Sudbury, Pacific North West Capital (PFN-V) has been granted a conditional listing approval from Canada’s major exchange.
The Toronto Stock Exchange approved the listing pending receipt of final documentation from the junior explorer.
In the meantime, the company has resumed its fourth-round, 11,000-metre drill program at River Valley, some 70 km east of Sudbury. So far, 33 holes have been completed during this year’s program. At Dana Lake, the holes continue to show a broad envelope of potential higher-grade zones within an envelope of bulk-minable platinum-palladium mineralization.
Using two rigs, the junior is systematically drilling off the Dana Lake zone, as well as testing the mineral potential associated with the River Valley intrusive contact.
The company expects to have a resource calculation once the fourth round of drilling is completed.
The property overlies the northern part of the layered-mafic River Valley intrusion. The current drill program is part of a $2-million exploration budget approved by the junior’s joint-venture partner, AngloPlatinum (Amplats).
Amplats, a traded subsidiary of South Africa’s Anglo-American (AAUK-Q), can earn a 65% stake in the property by funding it through to production.
Be the first to comment on "PNWC eyes TSE listing"