GREY:LEWCF - Post by User
Post by
marrcooooon Aug 14, 2007 3:55pm
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Post# 13244121
GOOD NEWS OUT!
GOOD NEWS OUT!Mr. James Davis reports
NITHI MOUNTAIN MOLY PORPHYRY DRILL RESULTS
Leeward Capital Corp. has provided additional results from its Nithi Mountain moly project. Leeward has drilled 77 diamond drill holes to date and received assay results for a total of 34 holes. The company is systematically outlining a large porphyry molybdenum (moly) deposit with the objective of calculating a National Instrument 43-101 resource at the conclusion of the current drilling program.
Drilling on the Gamma zone is designed to define the limits of the moly mineralization in this zone. The area of the Gamma zone measures approximately 1,000 metres long by over 500 m wide. Nine complete drill holes and partial results on the 10th were previously announced in Stockwatch on June 29.
West Gamma zone is either a new zone or the fault offset extension of the Gamma zone. The first seven drill holes failed to detect significant mineralization, but beginning with hole eight, a series of intersections have defined a new linear zone of moly mineralization.
GAMMA
From To MoS2 Mo
Hole No. m m Interval % %
G-07-10 84.43 105.77 15.24 0.100 0.059
G-07-10(*) 90.53 93.57 3.05 0.282 0.167
G-07-10 102.72 105.77 3.05 0.157 0.093
G-07-10 127.1 130.15 3.05 0.165 0.098
G-07-10 218.5 221.5 3.05 0.063 0.037
G-07-11 11.28 35.66 24.38 0.058 0.034
G-07-11 69.19 90.53 21.34 0.054 0.032
G-07-11 105.7 108.81 3.05 0.064 0.038
G-07-11 133.2 136.25 3.05 0.057 0.034
G-07-11 178.9 181.97 3.05 0.066 0.039
G-07-12 5.18 63.09 57.91 0.052 0.031
G-07-12 81.39 84.43 3.05 0.074 0.044
G-07-12 87.48 90.53 3.05 0.062 0.037
G-07-12 127.1 130.15 3.05 0.060 0.036
G-07-12 148.44 157.58 9.14 0.051 0.030
G-07-12 160.6 163.68 3.05 0.057 0.034
G-07-13 60.05 102.72 42.67 0.051 0.030
G-07-13(*) 60.50 63.09 2.59 0.126 0.075
G-07-13 127.1 154.53 27.43 0.050 0.030
G-07-13 163.68 169.77 6.09 0.074 0.044
G-07-13 212.4 218.54 6.14 0.056 0.033
G-07-13 230.7 233.78 3.08 0.066 0.039
G-07-14 69.19 72.24 3.05 0.087 0.052
G-07-14 81.38 84.43 3.05 0.066 0.039
G-07-14 117.96 136.25 18.29 0.065 0.039
G-07-14(*) 133.2 136.25 3.05 0.117 0.069
G-07-14 148.44 151.49 3.05 0.051 0.030
G-07-14 194.16 197.21 3.05 0.063 0.037
G-07-15 0 5.15 5.15 0.090 0.053
G-07-15 29.57 32.61 3.04 0.057 0.034
G-07-15 41.76 50.9 9.14 0.057 0.034
G-07-15 66.14 69.19 3.05 0.050 0.030
G-07-15 96.92 99.67 2.75 0.053 0.031
G-07-15 114.91 117.96 3.05 0.129 0.076
G-07-15 169.77 188.06 18.29 0.053 0.032
G-07-16 11.28 20.42 9.14 0.054 0.032
G-07-16 57 60.05 3.05 0.050 0.030
G-07-16 84.43 87.48 3.05 0.103 0.061
G-07-16 93.57 96.62 3.05 0.069 0.041
G-07-17 5.18 8.23 3.05 0.054 0.032
G-07-17 14.33 44.81 30.48 0.052 0.031
G-07-17 53.95 72.24 18.29 0.051 0.030
G-07-17 105.77 108.81 3.04 0.051 0.030
G-07-17 117.96 124.97 7.01 0.062 0.037
G-07-18 35.66 114.91 79.25 0.055 0.033
G-07-18 69.19 72.24 3.05 0.115 0.068
G-07-18(*) 90.53 93.57 3.04 0.120 0.071
G-07-18(*) 105.77 108.81 3.04 0.108 0.064
G-07-18 111.86 114.91 3.05 0.120 0.071
G-07-18 142.34 145.39 3.05 0.053 0.031
G-07-18 185.01 188.06 3.05 0.054 0.032
G-07-19 14.33 17.37 3.04 0.079 0.047
G-07-19 35.66 60.5 24.84 0.050 0.030
G-07-19 35.66 38.71 3.05 0.132 0.078
G-07-19 93.57 96.62 3.05 0.050 0.030
G-07-19 163.68 166.73 3.05 0.057 0.034
G-07-19A 8.23 11.28 3.05 0.056 0.033
G-07-20 26.52 81.38 54.86 0.050 0.030
G-07-20 127.1 133.2 6.10 0.077 0.046
G-07-20 172.82 175.87 3.05 0.066 0.039
G-07-20 212.45 215.49 3.04 0.061 0.036
WEST GAMMA
From To
Hole No. m m Interval MoS2 Mo
GW-07-08 45.72 51.82 6.10 0.062 0.037
GW-07-08 60.96 85.34 24.38 0.051 0.030
GW-07-08 91.44 97.34 6.10 0.056 0.033
GW-07-09 76.2 97.54 21.34 0.054 0.032
GW-07-09(*) 76.2 82.3 6.10 0.099 0.059
GW-07-10 27.43 30.48 3.05 0.050 0.030
GW-07-10 103.6 106.68 3.05 0.055 0.033
GW-07-10 124.9 128.02 3.05 0.080 0.047
GW-07-11 134.11 176.78 42.67 0.051 0.030
GW-07-12 88.39 94.49 6.10 0.109 0.064
GW-07-12 60.96 134.11 73.15 0.051 0.030
GW-07-13 42.67 45.72 3.05 0.056 0.033
GW-07-13 73.15 76.20 3.05 0.062 0.037
GW-07-13 97.54 167.64 70.10 0.053 0.031
GW-07-13(*) 121.9 134.11 12.21 0.110 0.065
GW-07-13(*) 124.97 128.02 3.05 0.170 0.101
GW-07-13(*) 131.06 134.11 3.05 0.166 0.098
GW-07-14 39.62 42.67 3.05 0.050 0.030
GW-07-14 70.10 73.15 3.05 0.053 0.031
GW-07-14 149.35 152.40 3.05 0.090 0.053
(*) Indicates higher grade mineralization within interval.
Quality assurance protocols (quality assurance/quality control) under NI 43-101 are followed throughout the drilling, sampling and transport of samples. All analyses are being completed by Loring Labs Ltd. in Calgary, Alta.
A Lidar survey was flown in July. In addition, an airborne gradiometer and radiometric surveys have been completed. The results of these surveys will be incorporated into the existing GIS database for the property. Soil sampling is continuing to expand the area of previous geochemical coverage.
These results are significant in that they establish a broad area of porphyry moly mineralization suitable for mining by open pit methods on Nithi Mountain. The excellent infrastructure available for mining, including the proximity to a major road system (HY-16), power, the village of Fraser Lake, and road access considerably reduce the cost of developing such a moly deposit and as such would allow exploitation of a lower grade.
Management believes that significant progress is being made in regard to identifying a large open pit porphyry molybdenum deposit on Nithi Mountain. The results received thus far on Gamma have expanded the resource along strike and the width of this zone. When the current drilling is completed in September, a resource calculation can be undertaken for this zone once all assay results are received. The current drilling program is on budget and should be completed by mid-September.