Pacific North West Capital Corp and First Nickel Inc report the results of the recently completed AeroTem III and AeroTem IV geophysical survey by Aeroquest Limited on the Raglan Hills Joint Venture Project.
The Raglan Hills Project is situated northeast of Bancroft in the Province of Ontario and comprises 21 claim blocks totaling 2,752 hectares. The Complex is a differentiated mafic intrusive composed primarily of meta gabbro with lesser proportions of meta pyroxenite.
The release said that “Three historical, nickel and copper sulphide occurrences and one nickel and copper prospect are identified in Ontario's Mineral Deposit Inventory and may represent the feeder system to the Raglan Hills Intrusive Complex. Minimal exploration has occurred since the late 1980's and the property has potential to host economic nickel copper sulphide zones within these possible feeder systems.”
The release added that “A surface mapping and sampling program is scheduled for the summer that is designed to ground truth the numerous electromagnetic anomalies identified by the Aeroquest survey. All work will be completed on staked mining claims currently held by either First Nickel or PFN that form the Raglan Hills Joint Venture Project.”
Pacific North West Capital and First Nickel 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. First Nickel will act as Operator for the project and will be responsible for carrying out all exploration activities.
