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