Winter Drill Results from the Delta Zone Nithi Mountain Moly Project



    Trading Symbol: LWC

    CALGARY, June 12 /CNW/ - Leeward Capital Corp. is pleased to announce
significant results from the Delta Target within its Nithi Mountain Molybdenum
Property located near Fraser Lake in central British Columbia. The property is
situated approximately eight kilometers south of the Village of Fraser Lake,
which is located along a major transportation corridor consisting of highway
(Hwy 16), rail, and electrical power; and is only 18 km east-southeast of the
producing Endako Moly Mine. The property is readily accessible via existing
logging roads.
    This new molybdenum discovery in the Delta Zone was found within the
larger Delta Zone anomaly, identified on the basis of coincident soil
geochemical, and airborne geophysical data (gradiometer magnetic, resistivity,
radiometric).

    
                            Delta Zone Highlights
    -------------------------------------------------------------------------
    Hole          From          To     Interval          MoS2            Mo
                    (m)         (m)          (m)           (%)           (%)
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    D-08-01B        60          96           36         0.087         0.052
    -------------------------------------------------------------------------
    D-08-01B        66          78           12         0.108         0.065
    -------------------------------------------------------------------------
    D-08-06B        68          86           18         0.083         0.050
    -------------------------------------------------------------------------
    D-08-06B        71          83           12         0.123         0.074
    -------------------------------------------------------------------------
    D-08-07B       194         218           24         0.090         0.054
    -------------------------------------------------------------------------
    D-08-07B       194         209           15         0.117         0.070
    -------------------------------------------------------------------------
    D-08-08        107         119           12         0.085         0.051
    -------------------------------------------------------------------------
    D-08-17B        23          47           24         0.088         0.053
    -------------------------------------------------------------------------
    D-08-22          3         222          219         0.083         0.050
    -------------------------------------------------------------------------
    D-08-22          5         173          168         0.102         0.061
    -------------------------------------------------------------------------
    D-08-22          5         101           96         0.167         0.100
    -------------------------------------------------------------------------
    D-08-24          8          32           24         0.092         0.055
    -------------------------------------------------------------------------
    D-08-24          8          23           15         0.117         0.070
    -------------------------------------------------------------------------
    D-08-24         80          92           12         0.087         0.052
    -------------------------------------------------------------------------
    D-08-26         47          71           24         0.087         0.052
    -------------------------------------------------------------------------
    D-08-26         50          68           18         0.105         0.063
    -------------------------------------------------------------------------
    D-08-29         54          72           18         0.093         0.056
    -------------------------------------------------------------------------
    D-08-29        102         117           15         0.090         0.054
    -------------------------------------------------------------------------
    D-08-31         21          39           18         0.095         0.057
    -------------------------------------------------------------------------
    D-08-31         24          36           12         0.120         0.072
    -------------------------------------------------------------------------
    D-08-32         44          50            6         0.097         0.058
    -------------------------------------------------------------------------
    G-07-64         69          75            6         0.080         0.048
    -------------------------------------------------------------------------
    G-07-64        234         243            9         0.123         0.074
    -------------------------------------------------------------------------
    

    A plan map of the diamond drill hole locations will be posted on our
website along with all analytical results received from all drill holes
completed in the Delta Zone.
    For reference the current run of mine grade at the adjacent Endako Mine
is reported as 0.053 Mo. The new discovery on Delta generally meets or greatly
exceeds this grade. Analytical results so far indicate that high grade moly
mineralization exists over a minimum area of 600m X500m on Nithi Mountain. The
zone is sub-horizontal and open towards the north and east. Leeward management
feels that the discovery merits an aggressive drilling program in order to
define this new zone.
    The new discovery is from the northern end of existing road access.
Construction of additional access roads is planned and applications have been
filed with the regulatory authority to allow this work to proceed in a timely
fashion.
    The North Delta Zone is only one of five target zones encompassing a very
large area measuring four by five kilometers known as the Alpha Trend. To
date, a total of over 46,000 meters in 216 drillholes have been completed on
the Nithi Mountain Property focused mainly on the definition of the Gamma
resource and the testing of the Delta target zone. Initial exploration
drilling has been completed on the Gamma West, Sigma and Theta zones and moly
mineralization has been identified in all of these target areas.
    QA/QC procedures were followed throughout the program and all analyses
are being completed by Loring Labs Ltd. in Calgary a well known laboratory
with a long history of molybdenum analysis. An initial metallurgical study has
been carried out by G & T Metallurgical Services on the Gamma resource which
indicates excellent moly recoveries and the North Delta Zone is believed to
have similar favourable mineralogical characteristics. A baseline
environmental study of the property is currently in progress.
    Management feels that given the property's excellent access and well
developed infrastructure, that the future development of the property seems
assured. We believe that significant positive progress has been made in regard
to developing a large open pit porphyry molybdenum deposit on Nithi Mountain.
The exciting results received to date on Delta have expanded the resource base
of the project. and allow the definition of a starter pit. The next phase of
drilling is planned to commence this month. This drilling will test the extent
of mineralization on Delta as well as test the Sigma and Theta target zones.
    James W. Davis, MSc., P.Geol, P.Geo, 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 at (403) 265-4077, ext.1

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