Nithi Mountain Moly Property Drill ResultsCALGARY, Nov. 20, 2007 (Canada NewsWire via COMTEX News Network) --
Leeward Capital Corp. (TSX-V: LWC) is pleased to announce additional results from its Nithi Mountain Moly Project. This program has systematically delineating one zone (Gamma) in a large porphyry moly system with the objective of calculating an NI 43-101 preliminary resource at the conclusion of the current drilling program. The Gamma Zone, as defined by drilling thus far measures approximately 1,000m long by over 500m wide and remains open towards the north, south and to depth.
In addition to Gamma, drilling on another zone, the West Gamma Zone, was completed in order to discover either a new zone or the fault offset of the Gamma Zone.
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GAMMA
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Hole_ID From m To m Interval m MoS2 Mo
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G-07-45 20.42 130.15 109.73 0.050 0.030
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G-07-45 108.81 124.05 15.24 0.120 0.072
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G-07-46 11.28 108.81 97.54 0.056 0.034
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G-07-46 29.57 87.48 57.91 0.076 0.046
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G-07-47 8,23 185.01 176.78 0,052 0.031
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G-07-47 17.37 57.00 39.62 0.076 0.042
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G-07-47 17.37 29.57 12.19 0.119 0.071
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G-07-47 66.14 72.24 6.10 0.087 0.052
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G-07-47 93.57 114.91 21.34 0.079 0.047
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G-07-48 4.57 133.20 128.63 0.056 0.034
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G-07-48 4.57 47.85 43.28 0.075 0.045
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G-07-48 90.53 114.91 24.38 0.077 0.046
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G-07-49 5.18 99.67 94.49 0.051 0.030
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G-07-49 35.66 47.85 12.19 0.125 0.075
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G-07-50 154.53 160.63 6.10 0.059 0.035
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GAMMA WEST
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Hole ID From m To m Interval m MoS2 Mo
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G-07-54 14.33 20.42 6.10 0.053 0.031
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G-07-55 57.00 81.38 24.4 0.069 0.041
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G-07-55 60.05 66.14 6.10 0.167 0.100
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>>
Three additional drillholes are to come to complete the initial evaluation of the Gamma Zone.
Further drilling in January is planned to test Delta, Sigma And Theta located toward the north and east.
QA/QC procedures are 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 large volume of the split NQ core samples.
Gamma Zone 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 (Hwy-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.
Steady, significant progress is being made in identifying a large open pit porphyry molybdenum deposit on Nithi Mountain. The results received thus far on Gamma have expanded the resource base along the strike and the width of this zone. The current drilling will be completed by the end of November.
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.
SOURCE: Leeward Capital Corp.
James W. Davis, (403) 265-4077, ext.1., president@leewardcapital.com; web page:
http://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
Copyright (C) 2007 CNW Group. All rights reserved.
