GOLD
Set Ga Done, Myanmar
Leeward Capital applied for and was granted a 75% interest in a 700 square kilometre concession in northern Shan State in the Union of Myanmar. Leeward's interest in the project is shared equally with Jet Gold Corp, who provided the funds for the initial acquisition and exploration of the property. This concession encompasses a number of known gold showings, one of which, Set Ga Done, is drill ready. Field exploration carried out in 2004 has revealed two parallel gold zones to the south of the Set Ga Done gold zone.
An initial diamond drilling program was attempted in the spring of 2004. Unfortunately, due to problems with the drilling equipment, poor ground conditions, and poor recovery, this program was unsuccessful in penetrating the Set Ga Done gold zone. The zone is estimated to be approximately 700 metres long and 14 metres wide. Previous surface and shallow underground mining along this zone has continued since 1989 when gold was first discovered by local miners. Due to the current political turmoil in Myanmar, this program has been suspended.
Pistol Lake, Nunavut
The Pistol Lake gold property has been held by Leeward Capital Corp. since 1991 and is located in Nunavut along the west side of Bathurst Inlet. This gold prospect is situated 170 km northeast of Echo Bay's Lupin Mine. Logistically, the property lies 14 km west of tidewater at Portage Bay and 30 km northwest of the new proposed deep-water port facility at the hamlet of Bathurst Inlet.
Various exploration companies carried out diamond drilling during the periods 1964-65, 1979, 1984-85, 1988, and most recently in 2000. Roberts Mining carried out an initial 8-hole diamond drilling program in 1964-65. Gold Fields Mining Corp. completed an eleven-hole program in 1979. Silver Hart Mines, in 1984-85, completed a total of 48 diamond drill holes. Chevron Minerals completed eight holes in 1988. Most recently, in 2000, Qikiqtaaluk Corporation completed an eight-hole program under an option agreement with Leeward. A total of 83 drill holes have been completed. All of this previous information, consisting of detailed geological mapping, geochemical sampling, trenching, drilling, and both ground and airborne geophysical surveying has been assembled into a comprehensive computer database for the property.