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resourceINTELLIGENCE and Leeward Capital: Go Underground at Nithi Mountain Molybdenum Project Drill Tour(October 18, 2011)
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/18/11 -- resourceINTELLIGENCE and Leeward Capital Corp. (TSX VENTURE:LWC) -
In a new, animated 3D Drill Tour, Leeward Capital takes investors on a tour of the company's advanced-stage exploration primary molybdenum deposit.
The animation was created by resourceINTELLIGENCE, an industry leader in the creation of mining media & technology.
Click to watch the associated 3D animation: http://www.resourceintelligence.net/nithi-mountain-3d-drill-tour-update/23188
The Nithi Mountain primary molybdenum project is located 150 km west of Prince George, BC. This 20 sq. km project lies adjacent to Canada's largest and oldest producing molybdenum mine, Endako, which is being upgraded to a capacity of 50,000 tpd.
The company is in the process of establishing a high grade starter pit for its already substantial resource.
The project has several known mineralized zones, including Gamma West, Gamma, Delta, Beta, Theta and Sigma. To date, 447 drill holes have been completed as part of the company's systematic evaluation of the deposit.
The present combined size of the Gamma West, Gamma and Delta zones is 63 million pounds indicated contained in 147.6 Mt grading 0.023% Mo. Plus inferred resources over 100 million pounds contained in 239.6 Mt inferred grading 0.02% Mo.
Leeward Capital's exploration plan is to continue drilling the project to a 500+ million tonne resource grading 0.05% Mo.
Perhaps no zone is so important to the future of the project as the Delta zone. This zone accounts for approximately 30% of the total resource. Past drilling at Delta has shown the zone to remain open to the northwest and southwest with some of the highest grades found in the project to date.
The 2008 discovery hole for the Delta zone was D-08-22, which assayed 167 metres grading 0.065% Mo, including 96 m grading 0.1%. Mo.
Between May and September 2011, Leeward announced 15 new drill holes, all from the Delta zone. The purpose of this infill and expansion drilling was to demonstrate the presence of further high grade moly mineralization within the zone.
Hole D-11-54, located 300 metres from the discovery hole, assayed 63 metres grading 0.12 Mo, including 3 metres grading almost a full 1% Mo. Hole 11-66, also mineralized, is 700 metres from the discovery hole. In total, the Delta zone strike length extends approximately 1,000 metres. Mineralization appears to extend to depths of 60 to 100 metres.
Also important to note is that most of these drill holes are mineralized to within a few metres of the surface, indicating the potential for very low cost open pit mining.
With future drilling, the mineralized Delta zone has the potential to extend into the Gamma zone, creating a large open pit potential deposit.
Watch the inSITE Report on the front page of www.resourceintelligence.net here:
To find out more, visit www.leewardcapital.com.
resourceINTELLIGENCE is an industry leader in creating multimedia content for resource companies. Our corporate video, animation and print content helps investors understand investment opportunities in new and unique ways. Resource profiles and calculators at shareKNOW.net evaluate thousands of mining companies and their projects.
Please note: This presentation may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Issuer relies upon litigation protection for forward-looking statements. This piece is for information purposes only and is not a recommendation to buy or sell any securities.
To view the photo associated with this Press Release, please visit: http://www.marketwire.com/library/20111014-lwc-1014-800.jpg
Leeward Capital Corp.
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