Trade Winds Announces Preliminary Metallurgical Study PDF Print E-mail

Vancouver, BC, July 7, 2010, - Trade Winds Ventures Inc. (TSX-V: TWD, FSE: TVR) (“Trade Winds” or the “Company”) is pleased announce that SGS Minerals Services (“SGS”) of Lakefield, Ontario has been engaged to provide a preliminary metallurgical study on the Block A property in northeastern Ontario, a 50/50 joint venture (JV) with Detour Gold Corporation (“Detour Gold”). Block A is located adjacent to Detour Gold’s Detour Lake gold project, which contains a mineral reserve of 11.4 million ounces of gold. Trade Winds is currently the operator of the JV on Block A.

The study was designed and will be supervised by Mr. Andy Holloway, Senior Associate Process Engineer of Watts, Griffis and McOuat (“WGM”). Samples from the 2010 winter drill program have been submitted to SGS and testwork is expected to commence shortly. The study will include:

  • Chemical characterization by multi-element ICP Scan
  • Ball mill grindability assessment (Bond)
  • Preliminary gravity separation tests
  • Scoping level bottle roll cyanidation tests

Results of this study are expected to be finalized prior to October 2010 and will provide preliminary estimates of process plant gold extraction rate (or metallurgical recovery) for the Block A mineralization to be used in the NI 43-101 technical update planned for the second half of 2010.

 

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 study stage. The Block A 50% JV 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 of gold and an inferred resource of 2,004,585 ounces of gold (includes the 50% portion to Detour Gold on Block A). Contained within this total resource is the in-pit mineral resource estimate shown in the table below.

 

In-pit Mineral Resource Estimate for Block A (100%) at a Cut-off Grade 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

(604) 648-6225
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. The Company 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 the Company to be materially different from the Company's 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. The Company 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.

 

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