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Leeward Capital Corp LEWCF



GREY:LEWCF - Post by User

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Post by Bentonstockson Feb 13, 2008 1:13pm
399 Views
Post# 14366772

News...

News...Leeward Capital Corp. - 2008 Nithi Mountain Drill Program Starts Trading Symbol: LWC CALGARY, AB, Feb. 13 /CNW Telbec/ - Leeward Capital Corp. (TSXV - LWC) is pleased to announce positive results and current developments on its 100% owned Nithi Mountain Molybdenum Property located in central British Columbia. The property is located near the Endako Mine, which has been an important molybdenum producer since 1965. Positive developments include the resumption of diamond drilling operations on its Nithi Mountain Moly Property. The goal of the current 2008 diamond drilling program has shifted from definition drilling on Gamma Zone to exploration evaluation of the Theta, Sigma and Delta zones. The Theta Zone is a well defined geochemical and geophysical anomaly similar to those anomalies found on the Gamma Zone and other molybdenum zones on the property and has never been drill tested. Limited drilling had previously been completed on the Delta and Sigma zones, confirming the presence of widespread molybdenum mineralization in favorable host rocks. The company is very encouraged by the previous results and its current goal is to define additional mineral resources on these three high priority molybdenum targets. On the basis of 93 drillholes, a NI 43-101 compliant resource calculation is currently underway on the Gamma Zone and should be available shortly. The company expects to define an initial resource in the inferred category on this zone. From recent drill results and current geological interpretations, the company expects that it will be necessary to complete detailed drilling in order to expand this resource. It's also expected that the additional drilling will allow this resource to be upgraded to a higher category. The company has completed a detailed geological and geophysical interpretation on data collected in 2007 which defines a large, favorable zone named the Alpha Trend having a footprint of 4km by 5km within which all of the known Nithi Mountain molybdenum occurrences are located and untested geochemical anomalies are found. This favorable area is interpreted to be the expression of a broad zone of hydrothermal alteration within a package of granitic rocks believed to be the source of the molybdenum mineralization in the area. The Gamma Zone itself underlies only 10% of the total prospective area on Nithi Mountain leaving a large area within which Leeward can conduct additional exploration. Initial metallurgical testing is currently underway on composite core samples from the Gamma Zone at G & T Metallurgical Services Ltd. located n Kamloops, British Columbia. This testing is expected to be completed before month end. James W. Davis MSc, PGeol, FGAC has acted as the QP (qualified person) for the technical content of this release 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. For further information: James W. Davis, (403) 265-4077, ext.1, president@leewardcapital.com, https://www.leewardcapital.com; Renmark Financial Communications Inc.: Tina Cameron: tcameron@renmarkfinancial.com; Bryan Neebar: bneebar@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com
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