Leeward Capital Corp

Published : December 07th, 2007

Nithi Mountain Drill Program

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Diamond | Molybdenum |

Nithi Mountain Drill Program

Calgary, AB - December 7, 2007 - Leeward Capital Corp. (TSX-V: LWC)  is pleased to announce the completion of the 2007 Diamond drilling program on its Nithi Mountain Moly Project located in central British Columbia. This drilling program has systematically outlined one portion (Gamma Zone) of a large porphyry molybdenum deposit with the objective of calculating an NI 43-101 preliminary resource.  A NI 43-101 resource report is to be prepared by Dr. Ken Dawson and is expected to be completed in January.

Drilling on the Gamma Zone was designed to test the moly mineralization at 50 m drill centers.  This zone, measures approximately 1,000m long by over 500m wide and remains open.   A total of 94 drillholes were completed on Gamma thus far.

GAMMA

Hole Number

From

 m

to

m

Interval m

MoS2

Mo

G-05 55

57.00

81.40

24.40

0.069

0.041

Including

60.00

66.10

6.10

0.167

0.100

G-07-57

26.50

50.90

24.40

0.058

0.035

Including

38.70

47.90

9.20

0.075

0.045

G-07-58

5.20

151.50

146.30

0.053

0.032

Including

17.40

35.70

18.30

0.110

0.066

Including

38.70

47.90

9.10

0.100

0.060

G-07-59

6.10

69.20

63.10

0.057

0.034

Including

20.40

26.50

6.10

0.100

0.060

G-07-59

105.80

124.10

18.30

0.059

0.035

*G-07-71

172.80

203.30

30.50

0.070

0.042

Ore samples from the Gamma Zone are currently being forwarded to G & T Metallurgical Service for analysis. The samples consist of three 100 kg composite samples at differing feed grades to be tested for the metallurgical response of the ore.

Initial drill testing of the 'Delta' and 'Sigma' zones were completed during the final phase of the 2007 drill program. Three drillholes were completed on the Delta Zone and twelve holes on Sigma. Data from these holes are being used to design the next phase of exploration. Analytical results are not available at this time.

Airborne geophysical data gathered this summer integrated with previous geophysical and geochemical data has further highlighted areas for future exploration.  This data outlines an extensive gradiometer low and potassium high that has been interpreted as the expression of the area of hydrothermal alteration on Nithi Mountain. Within this area are located all known surface moly showings and moly-in-soil geochemical anomalies. There is a near perfect correlation of all this data.

 In addition to our 2007 drill program, further geochemical work and airborne geophysical work, a baseline environmental study of Nithi Mountain is being contracted to start in 2008.

QA/QC procedures were followed throughout the drilling and all analyses are being completed by Loring Labs Ltd. in Calgary. Delays in assaying core samples are due to the sheer volume of the split NQ core samples.

Management believes that steady, significant progress is being made in regard to developing a large open pit porphyry molybdenum deposit on Nithi Mountain. The results received thus far on Gamma have expanded the resource base along strike and the width of this zone. The next phase of drilling is planned to commence in mid-January 2008 utilizing two Diamond drills.

James W. Davis MSc, PGeol, FGAC has acted as the QP (qualified person) for the technical content of this release

For further information, contact James W. Davis at (403) 265-4077, ext.1, or:

Renmark Financial Communications Inc.
Tina Cameron : tcameron@renmarkfinancial.com
Bryan Neebar : bneebar@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release

All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the potential extent of mineralization and reserves, exploration results and future plans and objectives of Leeward Capital Corp. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice.

WEB PAGE:  HTTP://WWW.LEEWARDCAPITAL.COM 
E-MAIL:  PRESIDENT@LEEWARDCAPITAL.COM

Leeward Capital Corp

EXPLORATION STAGE
CODE : LWC.V
ISIN : CA52459E1060
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Leeward Capital is a gold and copper exploration company based in Canada.

Leeward Capital holds various exploration projects in Canada and in Myanmar.

Its main exploration properties are NITHI MOUNTAIN, MOSSY RIVER and PISTOL LAKE in Canada and SET GA DONE in Myanmar.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Leeward Capital Corp
3/31/2006Corporate profile
Financings of Leeward Capital Corp
5/2/2006correction of private placement closure reported April 28, 2...
5/2/2006completion of private placement and commencement of drilling
Project news of Leeward Capital Corp
2/20/2008(Nithi Mountain)Gamma Resource Estimation
2/13/2008(Nithi Mountain)2008 Nithi Mountain Drill Program Starts
12/7/2007(Nithi Mountain)Nithi Mountain Drill Program
11/20/2007(Nithi Mountain)Nithi Mountain Moly Property Drill Results
10/18/2007(Nithi Mountain) Nithi Mountain Drilling Results
4/17/2007(Nithi Mountain)Resumption of Drilling
2/20/2007(Nithi Mountain)Nithi Moly Project: Diamond Drilling Results
Corporate news of Leeward Capital Corp
2/6/2007Leeward newd release
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (LWC.V)Other OTC (LEWCF)
0.005+0.00%0.010+25.00%
TSX-V
CA$ 0.005
10/02 15:56 -
0%
Prev close Open
0.005 -
Low High
0.005 0.005
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.005 -%
Volume 1 month var.
0 -%
Produces
Develops
Explores for Molybdenum
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.05+0.43%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.91-2.73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-3.26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.06+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 12.67+0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.18+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.77-2.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.37-0.22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.