Trade Winds intersects 3.85 g/t Gold PDF Print E-mail

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 winter’s 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;


HOLE NAME

FROM

TO

LENGTH

ASSAY

COMPOSITE

COMMENTS

(m.)

(m.)

(m.)

(g/tonne gold)

(g/tonne gold)

TWDDH-200

43

44.02

1.02

3.80

Hanging wall zone

125

126

1.00

1.39

Hanging wall zone

141

148

7.00

1.685

Hanging wall zone

Including

145

146.07

1.07

5.99

156.07

160.49

4.42

3.76

M Zone

Including

156.07

157

0.93

12.65

192

193

1.00

4.50

Footwall zone


HOLE NAME

FROM

TO

LENGTH

ASSAY

COMPOSITE

COMMENTS

(m.)

(m.)

(m.)

(g/tonne gold)

(g/tonne gold)

TWDDH-202

67

68

1.00

2.82

Hanging wall zone

103.3

114.83

11.53

8.261

M Zone

Including

110.5

111

0.50

162.00

125

126

1.00

5.03

Footwall zone

130.97

135

4.03

2.95

Footwall zone

Including

134

135

1.00

9.23

189

190

1.00

6.19

Footwall zone


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 winter’s near surface M Zone program. A drawing for Section 15500E is available on the Company’s 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.


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.


Diamond drill hole location and final depths for the M Zone diamond drill program are as follows:


Section

Hole #

Northing

Easting

Azimuth

Dip

Length (m)

15500E

TWDDH-200

20524.1

15504.94

180

-55

231.0

TWDDH-202

20485.96

15503.98

180

-55

207.0


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 Company’s 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:


Officers:
President/CEO Ian Lambert
Chief Financial Officer Harvey Lawson
Secretary Verlee Webb


Audit Committee:
Ian Lambert
Edward Duncan
Bruce Winfield, P.Geo.




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:
Ian D. Lambert, CEO/President (604) 742-2522
Colin Robson, Investor Relations (604) 742-2527
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it


WARNING: The Company relies upon litigation protection for "forward-looking" statements.


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