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TRADE WINDS INTERSECTS 20.70 GRAMS/TONNE GOLD OVER 10.10 METRES WITHIN 70 METRES OF SURFACE IN THE GOLD BEARING M ZONE AT DETOUR LAKE, ONTARIO
Timmins, Ontario, June 7, 2007 - Trade Winds Ventures (TSX-V: TWD, FSE: TVR) is pleased to announce additional results from its 13,000 metre 2007 winter diamond drill program on Block A at Detour Lake, Ontario. Block A is being explored as a 50/50 Joint Venture between Detour Gold Corporation (TSX: DGC) (50%) and Trade Winds (50%), the operator during the exploration phase.
The Company has received impressive results from holes TWDDH-195 and TWDDH-197 on Section 15420E. These two holes represent one of twelve step-out sections drilled near surface to determine the continuity of the M Zone structural corridor. The M Zone ultramafic and numerous other gold bearing structures were intersected in both holes, with gold mineralization ranging from approximately 68 metres to 113 metres below surface.
Diamond drill hole TWDDH-197 returned 6.27 grams/tonne over 1.51 metres from a hanging wall quartz zone including 17.55 grams/tonne over 0.50 metres. As well, TWDDH-197 returned 20.70 grams/tonne over 10.10 metres from the hanging wall M Zone ultramafic unit including 363 grams/tonne gold over 0.50 metres and 29.80 grams/tonne over 0.50 metres.
Details of significant fire assay results received for recent holes completed on Section 15420E are as follows;
True Width is estimated to be between 65-75% of core length. Trade Winds has now reported on the first thirteen of 53 diamond drill holes completed from this winters near surface M Zone program. A drawing for Section 15420E is available on the Companys website www.tradewindsventures.com.
Golder Associates Ltd. (Golder) was commissioned by Trade Winds to provide an independent Mineral Resource Estimate in conformance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Mineral Resource and Mineral Reserve definitions referred to in the National Instrument NI 43-101, Standards of Disclosure for Mineral Projects. The resource estimation work was completed in October 2006 and is based on information contained within the Technical Report prepared by Golder on Trade Winds behalf and filed on SEDAR, which, using a cut-off of 1.0 grams/tonne, outlines an indicated resource of 14,158,000 tonnes grading 1.77 grams Au/t containing 804,321 ounces of gold and an inferred mineral resource of 24,796,000 tonnes grading 1.88 g Au/t containing 1,499,552 ounces of gold.
Phase 1 of the 2007 winter drilling program was to explore the mineralization of this new zone discovered in 2006 along a 480 metre strike length between Sections 15380E and 15860E at 40 metres intervals, while Phase 2 focused on in-fill drilling of the near surface M Zone mineralization from Sections 15900E to 16740E. Drilled on a 40 meter by 40 meter spacing, both vertically and horizontally, these new holes are part of the drilling done to the west of the area encompassing the previously published NI 43-101 indicated resource. The 2007 drill program has been designed with the purpose of adding new gold ounces to the resource estimate, and upgrading the near surface inferred gold ounces, already included in the current resource estimate, to the indicated category.
Diamond drill hole location and final depths for the M Zone diamond drill program are as follows:
Mr. Alex Burton, P. Eng., P. Geo., is the qualified person for Trade Winds projects at Detour Lake and has reviewed the information contained herein. Trade Winds, as operator of the projects, has implemented a quality control program to ensure best practice in the sampling and analysis of the drill core. All fire assay results are being provided by ALS Chemex. WARNING: The Company relies upon litigation protection for "forward-looking" statements.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.
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