The Sudbury Star is the City of Greater Sudbury’s daily newspaper.
Officials with Vancouver-based Pacific North West Capital say they are excited by the latest test results from its River Valley property east of Sudbury.
In a release Tuesday, Pacific North West said it has increased the amount of gold and platinum group metals estimates at the site to 2.5 million ounces — a much larger amount than previous studies had indicated.
“The large increase in the estimated mineral resources confirms that River Valley is one of the largest undeveloped primary PGM projects in North America,” said William Stone, president and chief operating officer of Pacific North West.
“The strategy of including all the mineralized zones and the full value of the metal suite in the mineral resource estimation produced a very positive result. It greatly increases PFN’s confidence in River Valley as the project is advanced toward a preliminary economic assessment study.