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TRADE WINDS INTERSECTS 3.85 GRAMS/TONNE GOLD OVER 8.50 METRES ON NEW, NEAR SURFACE GOLD M ZONE ON BLOCK A PROPERTY AT DETOUR LAKE, ONTARIO
Timmins, Ontario, May 10, 2007 - Trade Winds Ventures (TSX-V: TWD, FSE: TVR) is pleased to announce the second result of 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 purpose of drilling these two holes, TWDDH-200, & TWDDH-202, was to determine the continuity of the M Zone structural corridor near surface at 40 meter by 40 meter spacings vertically and horizontally. The M Zone ultramafic and numerous other gold bearing structures were intersected in both holes, with gold mineralization ranging from approximately -91 metres to -128 metres below surface on this section.
In March of 2006, Trade Winds discovered new, near surface mineralization along the M Zone corridor (see news release May 16, 2006). Phase 1 of this winters drilling was to explore the mineralization of this new zone along a 480 metre strike between Sections 15380E and 15860E on sections 40 metres apart, while phase 2 covered in-fill drilling of the near surface M Zone mineralization from Sections 15900E to 16740E. Section 15500E represents drill testing along this new zone to confirm the vertical continuity of the mineralization at 40 metre spacings within the M Zone.
Diamond drill hole TWDDH-200 returned 3.80 grams/tonne over 1.02 metre from a hanging wall quartz zone, also 1.685 grams/tonne gold over 7.00 metre from the hanging wall M Zone ultramafic unit. TWDDH-200 also returned 3.76 grams/tonne gold over 4.42 metres including 12.65 grams/tonne gold over 0.93 metres from the mid wall M Zone ultramafic unit. TWDDH-200 also returned 4.50 grams/tonne gold over 1.00 metre from a footwall quartz zone unit.
Diamond drill hole TWDDH-202 returned 2.82 grams/tonne over 1.00 metre from a hanging wall quartz zone and 8.261 grams/tonne over 11.53 metres including 162.00 grams/tonne over 0.50 metre from the hanging wall M Zone ultramafic unit. TWDDH-202 also returned 2.95 grams/tonne over 4.03 metres and 6.19 grams/tonne over 1.00 metres from two footwall quartz zones.
Details of significant fire assay results received for recent holes completed on Section 15500E are as follows;
True Width is estimated to be between 65-75% of core length. Trade Winds has now reported on the first five of 53 diamond drill holes completed from the two completed phases of this winters near surface M Zone program. A drawing for Section 15500E is available on the Companys website www.tradewindsventures.com
The M Zone structural corridor is a gold bearing structure that begins near surface at the eastern boundary of Block A, and plunges gently westward along strike for over four kilometres on to the immediately adjacent 100% owned Gowest property. Two significant mineralized zones occur along a komatiite structure, the Upper and Lower M Zone gold zones. The near surface and other portions of the M Zone structural corridor drilled to date are the subject of our recent NI 43-101 compliant resource estimate (October 2006). The 2007 M Zone winter drilling program is designed to test the westward near surface extension of the known gold mineralization with the expressed purpose of adding new gold ounces to the resource estimate, and upgrading 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. 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.
At the Companys Annual General Meeting held May 2, 2007, Messrs. Ian Lambert, Harvey Lawson, Edward Duncan and Bruce Winfield were elected by the shareholders as directors. Subsequent to the AGM, a Board of Directors meeting was held at which time the following appointments were made:
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Mr. Alex Burton, P. Eng., P. Geo., is the qualified person for Trade Winds projects at Detour Lake. 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
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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