Nithi Mountain Moly Property Drill Results



    TSX Trading Symbol: LWC

    CALGARY, Nov. 6 /CNW Telbec/ - Leeward Capital Corp. (TSXV - LWC) is
pleased to announce additional results from its Nithi Mountain Moly Project.
This year, Leeward has drilled a total of 89 diamond drillholes. Assay results
for 44 holes have been received thus far. This program is systematically
outlining one zone (Gamma) in a large porphyry molybdenum (moly) system with
the objective of calculating an NI 43-101 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.
    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. Beginning with hole eight at West Gamma, there were a series of
intersections which defined a newly discovered linear zone.
    Further drilling in November is planned to test additional new zones to
the north and east.

    
                                    GAMMA

    Hole_ID      From m        To m    Interval m         MoS2           Mo
    G-07-33        81.4        93.6          12.2        0.066        0.039
    G-07-34        60.0        69.2           9.1        0.050        0.030
    G-07-34       197.2       215.5          18.3        0.064        0.038
    G-07-34       233.8       242.9           9.1        0.052        0.031
    G-07-35        87.5       105.8          18.3        0.057        0.034
    G-07-35       151.5       157.6           6.1        0.074        0.044
    G-07-36        20.4        35.7          15.2        0.067        0.040
    G-07-36        23.5        29.6           6.1        0.086        0.051
    G-07-36       172.8       178.9           6.1        0.069        0.041
    G-07-37        75.3        81.4           6.1        0.060        0.036
    G-07-37        87.5        99.7          12.2        0.062        0.037
    G-07-37       142.3       148.4           6.1        0.154        0.092
    G-07-38        44.8        69.2          24.4        0.061        0.037
    G-07-39        17.4        47.9          30.5        0.075        0.044
    G-07-39        35.7        47.9          12.2        0.106        0.064
    G-07-39        72.2        90.4          18.1        0.061        0.032
    G-07-39       136.2       142.3           6.1        0.061        0.031
    G-07-39       157.6       160.6           3.0        0.085        0.051
    G-07-40        96.6       102.7           6.1        0.075        0.053
    G-07-41       105.8       111.9           6.1        0.079        0.047
    G-07-42        14.3       154.5         140.2        0.050        0.030
    G-07-42        66.1        90.5          24.4        0.102        0.061
    G-07-42       102.7       111.9           9.1        0.082        0.049
    G-07-43       148.4       154.5           6.1        0.056        0.034
    G-07-44        32.6        47.9          18.3        0.062        0.037
    G-07-44        75.3       102.7          27.4        0.051        0.031
    

    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 strike and the width of
this zone. When the current drilling is completed in November and, all assay
results are received, then a resource calculation will be undertaken for this
zone. The drilling program is on budget and should 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.




For further information:

For further information: 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

Organization Profile

LEEWARD CAPITAL CORP.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890