Trade Winds Reports Results of its 2010 Drilling Program on Block A PDF Print E-mail
  •  M Zone gold mineralization intersected within current pit shell
  • 8.92 g/t Au over 12.13 m and 1.30 g/t Au over 25.62 m in M Zone
  • 53.8 g/t Au over 1.25 m in M Zone, 17.15 g/t Au over 1.08 m in footwall zone and 30.2 g/t Au over 1.0 m in hanging wall

Vancouver, BC, June 4, 2010, - Trade Winds Ventures Inc. (TSX-V: TWD, FSE: TVR) ("Trade Winds") is pleased to announce the results for eight (8) completed holes totaling 3,001 metres from the Phase 2 and Phase 3 winter 2010 drill program on the Block A property, a 50/50 Joint Venture (JV) with Detour Gold Corporation ("Detour Gold"), located adjacent to Detour Gold's Detour Lake gold project in northeastern Ontario, which now has 11.4 million ounces in reserves. Trade Winds is currently the operator of the JV on Block A.

The 2010 winter drilling was completed on April 17th with a total 11,591 metres of drilling in 30 diamond drill holes. The Company previously announced the assay results of seven (7) drill holes totaling 1,929 metres from Phase 1 of this program, designed to test the western extension of the proposed US$700/oz pit outlined in the July 9, 2009 Technical Report by Watts, Griffis and McQuat ("WGM").

The 23 drill holes of Phases 2 and 3 were planned based on recommendations by WGM to fill drill-hole gaps in the current US$700/oz pit shell, which presently contains an indicated resource of 1.2 million ounces and an inferred resource of 277,000 ounces of gold at an average grade of 1.02 grams/tonne (g/t).

The M Zone, the major gold mineralized zone on Block A, was intersected by seven of these eight drill holes. All seven of these drill holes also intersected gold mineralization in the hanging wall and footwall of the M Zone. This drill program confirmed the validity of the 2009 block model in predicting the location of M Zone. Based on previous drilling, the M Zone extends another two kilometres further west of the proposed US$700/oz pit on Block A.

The eighth hole (TWDDH-246) drilled to the south of the M Zone as a geological reconnaissance hole had a number of mineralized footwall intersections. The Company plans to incorporate all the assay and drill results from its 11,591 metre drilling program into an updated block model for a resource estimate to be completed in the second half of 2010.

The best gold drill intercepts include 8.92 g/t over 12.13 m in hole TWDDH-247 1.30 g/t over 25.62 m in TWDDH-249, 1.25 g/t over 15.35 m in TWDDH-250 and 2.70 g/t over 10.9 m in TWDDH-253. There continued to be highgrade gold values in a number of the drill holes within or near the pit shell, including gold values as high as 53.8 g/t over 1.25 m in the M Zone of TWDDH-247 17.60 g/t over 1.0 m in footwall zone of TWDDH-253 and 30.2 g/t Au over 1.0 m in hanging wall zone of TWDDH-247. Full results are summarized in the table below.

Ian Lambert, CEO & President, stated: "The results from the 2010 drill program continue to demonstrate the consistency of M Zone mineralization within the US$700 pit shell and along strike to the west. This drilling shows multiple mineralized intersections in the hanging wall and footwall zones of the M Zone that have the potential to increase the current in-pit resource. The focus of this drilling has been to add new ounces to the current resource estimate, potentially within an expanded pit shell."

Metallurgical test work will be undertaken to estimate gold recoveries on drill hole TWDDH253.

Highlights of Drill Results on Block A:
Drill Hole
Zone
From
To
Length
Grade
Composite
 
 
meters
meters
meters
g/t Au
or Single
TWDDH246
 
 
 
 
uncut
Sample
TWDDH246
Footwall
50.15
51.00
0.85
1.76
S
TWDDH246
Footwall
52.00
53.00
1.00
1.04
S
TWDDH246
Footwall
58.00
61.00
3.00
1.79
C
TWDDH246
Footwall
64.00
64.60
0.60
1.21
S
TWDDH246
Footwall
66.00
70.00
4.00
1.56
C
TWDDH246
Footwall
80.00
82.00
2.00
1.11
C
TWDDH246
Footwall
84.00
86.80
2.80
2.53
C
TWDDH246
Including
86.00
86.80
0.80
6.87
S
TWDDH246
Footwall
111.00
112.00
1.00
1.20
S
TWDDH246
Footwall
137.00
138.00
1.00
3.28
S
TWDDH246
Footwall
142.86
145.00
2.14
1.74
C
TWDDH246
Footwall
149.00
149.75
0.75
1.06
S
 
 
 
 
 
TWDDH-247
 
 
 
 
 
 
TWDDH-247
Hanging wall
60.00
61.00
1.00
30.20
S
TWDDH-247
Hanging wall
85.85
86.40
0.55
1.00
S
TWDDH-247
Hanging wall
91.20
92.00
0.80
1.34
S
TWDDH-247
Hanging wall
134.00
135.00
1.00
7.10
S
TWDDH-247
M Zone
192.27
204.40
12.13
8.92
C
TWDDH-247
Including
192.27
195.00
2.73
3.74
C
TWDDH-247
Including
199.75
204.40
4.65
20.02
C
TWDDH-247
Which Includes
199.75
201.00
1.25
53.80
S
TWDDH-247
and includes
201.00
201.80
0.80
37.40
S
TWDDH-247
Footwall
206.50
210.30
3.80
2.64
C
TWDDH-247
including
207.50
208.30
0.80
6.21
S
TWDDH-247
Footwall
234.85
238.00
3.15
0.98
C
TWDDH-247
Footwall
284.20
307.00
4.80
3.07
C
TWDDH-247
including
306.00
307.00
1.00
10.60
S
TWDDH-247
Footwall
313.00
315.00
2.00
1.20
C
TWDDH248
TWDDH248
Hanging wall
54.50
55.00
0.50
2.31
S
TWDDH248
Hanging wall
89.60
90.50
0.90
4.42
S
TWDDH248
Hanging wall
107.00
112.00
5.00
0.98
C
TWDDH248
Hanging wall
118.00
119.00
1.00
1.93
S
TWDDH248
Hanging wall
138.00
139.00
1.00
2.25
S
TWDDH248
Hanging wall
145.00
148.00
3.00
1.22
C
TWDDH248
Hanging wall
154.00
155.00
1.00
1.91
S
TWDDH248
Hanging wall
197.00
198.00
1.00
2.30
S
TWDDH248
Hanging wall
202.00
203.00
1.00
3.95
S

Drill Hole
Zone
From
To
Length
Grade
Composite
 
 
meters
meters
meters
g/t Au
or Single
 TWDDH248
 
 
 
 
uncut
Sample
TWDDH248
M Zone
248.00
249.50
1.50
1.40
C
TWDDH248
M Zone
252.10
254.00
1.90
1.57
C
TWDDH248
M Zone
262.00
262.80
0.80
1.29
S
TWDDH248
M Zone
268.00
270.40
2.40
1.00
C
TWDDH248
M Zone
274.20
274.80
0.60
2.80
S
TWDDH248
M Zone
285.00
286.00
1.00
1.30
S
TWDDH248
M Zone
295.00
295.80
0.80
1.30
S
TWDDH248
M Zone
304.70
306.00
1.30
1.52
C
TWDDH248
Hanging wall
340.00
341.10
1.10
1.92
S
TWDDH248
Hanging wall
342.00
344.00
2.00
3.48
C
TWDDH248
including
343.00
344.00
1.00
6.11
S
TWDDH248
Hanging wall
354.00
355.00
1.00
7.26
S
 
 
 
 
TWDDH249
TWDDH249
Hanging Wall
34.80
35.60
0.80
1.21
S
TWDDH249
Hanging Wall
47.13
48.00
0.87
2.12
S
TWDDH249
Hanging Wall
55.00
56.00
1.00
3.28
S
TWDDH249
Hanging Wall
62.00
63.00
1.00
5.78
S
TWDDH249
Hanging Wall
96.00
96.90
0.90
1.06
S
TWDDH249
M Zone
105.13
130.75
25.62
1.30
C
TWDDH249
Including
110.45
119.50
9.05
1.77
C
TWDDH249
Including
121.55
128.00
6.45
1.66
C
TWDDH249
M Zone
132.75
134.75
2.00
1.02
C
TWDDH249
M Zone
147.70
148.75
1.05
1.54
S
TWDDH249
Footwall
180.00
181.45
1.45
1.42
C
TWDDH249
Footwall
183.21
183.60
0.39
1.70
S
TWDDH249
Footwall
183.60
185.11
1.51
1.97
S
TWDDH249
Footwall
200.20
201.00
0.80
1.04
S
TWDDH249
Footwall
243.50
244.50
1.00
1.72
S
TWDDH249
Footwall
253.00
254.25
1.25
1.11
C
TWDDH249
Footwall
295.75
297.00
1.25
4.43
S
TWDDH249
Footwall
309.95
312.00
2.05
1.10
C
TWDDH250
 
 
 
 
 
 
TWDDH250
Hanging Wall
41.00
42.00
1.00
1.55
S
TWDDH250
Hanging Wall
49.00
51.00
2.00
2.16
C
TWDDH250
Hanging Wall
94.00
94.56
0.56
1.19
S
TWDDH250
Hanging Wall
127.00
128.00
1.00
1.70
S
TWDDH250
Hanging Wall
140.00
141.00
1.00
1.17
S

Drill Hole
Zone
From
To
Length
Grade
Composite
 
 
meters
meters
meters
g/t Au
or Single
TWDDH250
 
 
 
 
uncut
Sample
TWDDH250
M Zone
190.00
205.35
15.35
1.25
C
TWDDH250
including
196.16
205.35
9.19
1.71
C
TWDDH250
including
205.35
205.35
1.35
8.51
S
TWDDH250
Footwall
213.00
214.00
1.00
2.58
S
TWDDH250
Footwall
226.00
227.00
1.00
2.28
S
TWDDH250
Footwall
238.00
242.00
4.00
1.16
C
TWDDH250
Footwall
258.00
259.00
1.00
1.97
S
TWDDH251
TWDDH251
Hanging wall
29.73
30.58
0.85
1.33
S
TWDDH251
Hanging wall
32.00
33.00
1.00
1.36
S
TWDDH251
Hanging wall
36.00
37.00
1.00
3.61
S
TWDDH251
Hanging wall
38.00
39.18
1.18
3.56
S
TWDDH251
Hanging wall
42.00
42.70
0.70
6.82
S
TWDDH251
Hanging wall
44.00
45.00
1.00
3.18
S
TWDDH251
Hanging wall
48.69
50.00
1.31
1.36
C
TWDDH251
Hanging wall
57.00
59.00
2.00
1.48
C
TWDDH251
Hanging wall
70.80
71.95
1.15
1.11
S
TWDDH251
Hanging wall
74.00
75.30
1.30
4.05
S
 
 
 
 
 
 
TWDDH251
M Zone
81.00
83.14
2.14
0.82
C
TWDDH251
M Zone
95.60
98.70
3.10
1.07
C
TWDDH251
Footwall
123.78
124.78
1.00
1.26
S
TWDDH251
Footwall
186.00
188.00
2.00
2.83
C
TWDDH251
including
187.00
188.00
1.00
5.14
S
TWDDH251
Footwall
190.00
191.00
1.00
1.20
S
TWDDH251
Footwall
196.00
197.00
1.00
1.05
S
TWDDH251
Footwall
281.48
282.48
1.00
1.58
S
TWDDH252
TWDDH252
Hanging Wall
256.00
257.00
1.00
1.13
S
TWDDH252
Hanging Wall
272.73
273.09
0.36
4.19
S
TWDDH252
Hanging Wall
322.00
323.00
1.00
1.16
S
TWDDH252
Hanging Wall
340.00
342.00
2.00
2.52
C
TWDDH252
Hanging Wall
344.62
345.30
0.68
1.21
S
TWDDH252
Hanging Wall
345.80
347.00
1.20
1.82
S
TWDDH252
M Zone
355.80
359.00
3.20
1.52
C
TWDDH252
M Zone
366.00
367.00
1.00
1.25
S

Drill Hole
Zone
From
To
Length
Grade
Composite
 
 
meters
meters
meters
g/t Au
or Single
TWDDH252
 
 
 
 
uncut
Sample
TWDDH252
Footwall
391.00
395.00
4.00
4.43
C
TWDDH252
including
391.00
392.00
1.00
12.85
S
TWDDH252
Footwall
410.00
411.00
1.00
1.47
S
TWDDH252
Footwall
422.92
424.00
1.08
17.15
S
TWDDH253
TWDDH253
Hanging wall
75.80
76.40
0.60
1.10
S
TWDDH253
Hanging wall
118.00
118.50
0.50
1.10
S
TWDDH253
Hanging wall
121.00
122.00
1.00
1.63
S
TWDDH253
M Zone
180.00
182.10
2.10
1.96
C
TWDDH253
M Zone
194.00
196.60
2.60
0.99
C
TWDDH253
M Zone
199.10
210.00
10.90
2.70
C
TWDDH253
including
200.00
201.40
1.40
7.66
C
TWDDH253
which includes
201.00
201.40
0.40
12.65
S
TWDDH253
including
202.70
207.00
4.30
3.87
C
TWDDH253
M Zone
215.00
219.20
4.20
1.02
C
TWDDH253
Footwall
255.00
256.00
1.00
1.39
S
TWDDH253
Footwall
259.00
260.00
1.00
3.77
S
TWDDH253
Footwall
267.00
268.10
1.10
1.15
S
TWDDH253
Footwall
285.00
286.00
1.00
2.72
S
TWDDH253
Footwall
287.00
288.00
1.00
1.18
S
TWDDH253
Footwall
290.30
291.00
0.70
2.90
S
TWDDH253
Footwall
298.30
300.00
1.70
3.80
C
TWDDH253
including
298.30
299.00
0.70
8.32
S
TWDDH253
Footwall
310.00
315.80
5.80
3.70
C
TWDDH253
including
312.00
313.00
1.00
17.60
S
TWDDH253
Footwall
323.00
324.00
1.00
2.30
S
TWDDH253
Footwall
331.00
332.00
1.00
1.09
S
TWDDH253
Footwall
343.00
344.00
1.00
1.16
S
TWDDH253
Footwall
362.30
363.00
0.70
1.03
S
TWDDH253
Footwall
385.00
3.90
5.00
1.11
C

(True Width is estimated to be between 80-85% of core length)


Quality Assurance and Quality Control ("QA/QC") Program for Core Sampling

The Company has implemented a quality control program to ensure best practices in sampling, analysis and security of core samples. The drill core is first logged then sawn in half during the sampling process with half being retained for verification and reference purposes. During sample collection and assaying, there is an established QC procedure which includes the insertion into the sample stream of standard reference samples, sample duplicates and blank samples, including the insertion of blank samples after all samples with visible gold.

The samples are delivered in sealed bags direct to ALS-Chemex Laboratories preparation facility in Timmins, Ontario by Trade Winds personnel. Sample pulps are shipped from there to ALS-Chemex Laboratories in Vancouver, British Columbia for analysis.The samples are analyzed for gold using the ALS-Chemex procedure AU-AA24, which is a 50 g fire assay with AA finish. Samples returning greater than 10 g/t Au are automatically processed using a fire assay-gravimetric finish. Total metallic assays for gold were also performed on selected intervals. All sample assayed by ALS-Chemex include a standard multi-element ICP package.

The coarse rejects are kept in Timmins for re-assaying purposes for a period of six months and then returned to the Trade Winds site where they are stored in a locked shipping container. Selected coarse rejects are check assayed by third party laboratories other than ALS-Chemex.

ABOUT TRADE WINDS VENTURES INC.

Trade Winds Ventures Inc. is a Canadian gold exploration and developmentcompany focused, as operator, on advancing its Detour Lake properties to the feasibility stage. The Block A (50/50 Joint Venture with Detour Gold) and adjacent 100% owned Gowest properties are located in the Detour Lake Mining District, north of the prolific gold mining camp of Timmins, Ontario, Canada. The current NI 43-101 technical reports on Block A and Gowest properties by WGM delineated a total indicated mineral resource of 2,010,711 ounces and an inferred resource of 2,004,585 ounces of gold (including the 50% portion to Detour Gold on Block A).

In-pit Mineral Resource Estimate for Block A (100%) at a cut-off of 0.5 g/t Au

Resource Category

Tonnes

Grade Capped

Gold Ounces

 

(millions)

(g/t Au)

(000's)

Indicated

36.4

1.02

1,200

Inferred

8.3

1.04

277


The parameters and methodology utilized to produce this resource estimate are described in Trade Winds' May 26, 2009 press release and the July 9, 2009 NI 43-101 technical report by WGM. The material in this news release has been prepared and reviewed by Stephen Wallace, P. Geo, VP Exploration, a Qualified Person as defined in NI 43-101.

FOR FURTHER INFORMATION PLEASE CONTACT:

Ian D. Lambert, CEO/President (416) 840-9843
Terry McGee, Investor Relations Toll Free (866) 698-9187 ext 228 or (604) 648-6228

Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Visit our Website at www.tradewindsventures.com

Forward Looking Information

Certain information included in this news release constitutes "forward-looking statements". The words "expect", "will", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Trade Winds cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Trade Winds to be materially different from Trade Winds' estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to, risks associated with the mining industry such as government regulation, environmental and reclamation risks, title disputes or claims, success of mining activities, future commodity prices, costs of production, possible variation in mineral reserves, mineral resources, grade or recovery rates, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, the timing of estimated future production, capital expenditures, financial market fluctuations, requirements for additional capital, conclusions of economic evaluations, limitations on insurance coverage, risks associated with using third-party contractors and inflation. Trade Winds disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Information Concerning Estimates of Mineral Resources

This news release uses the terms 'indicated' and 'inferred' resources. Trade Winds advises investors that although these terms are recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects), the U.S. Securities and Exchange Commission does not recognize them. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, 'inferred resources' have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for Preliminary Assessment as defined under 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.