Trade Winds Reports 8.38 g/t Au over 19.47 metres from Drilling on Block A PDF Print E-mail

• M Zone gold mineralization intersected within current pit shell

• 8.38 g/t Au over 19.47 m and 3.02 g/t Au over 8.79 in M Zone

• 2.41 g/t Au over 11.3 m and 1.53 g/t Au over 19.0 m in Footwall Zone

• 105.5 g/t Au over 1.37 m in M Zone, 79.0 g/t Au over 0.50 m and 34.5 g/t Au over 1.0 m in Foot Wall Zone


Vancouver, BC, July 15, 2010, - Trade Winds Ventures Inc. (TSX-V: TWD, FSE: TVR) ("Trade Winds") is pleased to announce the results for eight (8) completed holes totaling 3,534 metres from the winter 2010 drill program 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 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 fifteen (15) drill holes totaling 4,930 metres from this program. This drill program was designed to fill drill-hole gaps and to test the western extension of the currentUS$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), as outlined in the July 9, 2009 Technical Report by Watts, Griffis and McQuat ("WGM").

The M Zone, the major gold mineralized zone on Block A, was intersected in all eight drill holes. All eight of these drill holes also intersected gold mineralization in the hanging wall and footwall on the north and south sides respectively of the M Zone. The 23 drill holes announced to date of the winter 2010 drill program continue to confirm the validity of the 2009 block model in predicting the location of M Zone and hanging wall and footwall zones parallel to the 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 best gold drill intercepts from this group of eight holes include 8.38 g/t over 19.47 m in hole TWDDH-254, 3.02 g/t over 8.79 m in TWDDH-259, 2.41 g/t over 11.3 m in TWDDH-260 and 1.53 g/t over 19.0 m in TWDDH-257. There continues to be a number of significant gold values greater than 10 g/t in most of the drill holes within the pit shell, including gold values as high as 105.5 g/t over 1.37 m in the M Zone of TWDDH-254, 79.0 g/t over 0.5 m in footwall zone of TWDDH-260 and 34.5 g/t Au over 1.0 m in footwall zone of TWDDH-254. Full results are summarized in the table below.

Ian Lambert, CEO & President, stated "The winter 2010 drill program has been highly successful infilling and extending the mineralization within and to the west of the current US$700 pit. Every hole has intersected gold mineralization. We are seeing mineralization from near surface on the hanging wall side of the M Zone, often for up to 300 metres on the north side of the structure, and extending for up to 200 metres on the footwall side to the south of the M Zone. We anticipate this new mineralization, which is mostly in-pit, will contribute to the reduction of what is currently categorized as waste rock, and will result in new resource ounces. In addition, the results from the extended footwall drilling will have a strong influence on the next round of winter drilling which is being planned to include the examination of the footwall side of the structure from the M Zone several hundred metres to the southern boundary of the Block A property."

Highlights of Drill Results on Block A: : (HW - hanging wall; FW - footwall)

Drill Hole

Zone

From
metres

To
metres

Length
metres

Grade Au
g/t

uncut

Composite
or Single

Sample

 

 

 

 

 

TWDDH254

 

 

TWDDH254

HW

74.00

76.00

2.00

6.83

C

TWDDH254

including

75.00

76.00

1.00

12.70

S

TWDDH254

HW

88.52

89.00

0.48

1.32

S

TWDDH254

HW

186.00

187.40

1.40

9.42

S

TWDDH254

HW

197.03

203.00

5.97

3.45

C

TWDDH254

including

202.12

203.00

0.88

12.30

S

TWDDH254

HW

211.00

216.39

5.39

1.41

C

TWDDH254

including

211.00

211.97

0.97

3.84

S

TWDDH254

HW

235.00

240.30

5.30

1.07

C

TWDDH254

HW

247.00

247.90

0.90

4.55

S

TWDDH254

HW

267.85

269.00

1.15

1.48

S

TWDDH254

M Zone

313.00

332.47

19.47

8.38

C

TWDDH254

including

314.00

315.37

1.37

105.50

S

TWDDH254

M Zone

346.00

347.60

1.60

1.44

S

TWDDH254

FW

389.50

396.00

6.50

2.47

C

TWDDH254

including

394.00

394.58

0.58

15.10

S

TWDDH254

FW

401.00

402.00

1.00

1.08

S

TWDDH254

FW

407.00

411.00

4.00

4.31

C

TWDDH254

including

408.00

409.00

1.00

8.59

S

TWDDH254

FW

415.00

416.00

1.00

1.67

S

TWDDH254

FW

421.00

422.00

1.00

1.19

S

TWDDH254

FW

433.00

434.00

1.00

1.40

S

TWDDH254

FW

439.00

440.00

1.00

1.21

S

TWDDH254

FW

452.00

454.00

2.00

1.04

C

TWDDH254

FW

462.00

463.00

1.00

1.07

S

TWDDH254

FW

468.00

469.00

1.00

34.50

S

TWDDH254

FW

474.00

475.00

1.00

1.11

S

TWDDH254

FW

485.00

500.00

15.00

1.06

C

TWDDH254

including

494.00

495.00

1.00

8.12

S

TWDDH254

FW

506.00

513.00

7.00

1.02

C

TWDDH254

FW

522.00

522.90

0.90

1.73

S

TWDDH254

FW

531.00

534.10

3.10

11.70

C

TWDDH254

including

531.00

532.00

1.00

32.50

S

TWDDH254

FW

540.00

541.00

1.00

1.22

S

 

 

 

 

 

 

 

TWDDH255

TWDDH255

HW

134.75

135.83

1.08

4.20

S

TWDDH255

HW

229.00

230.00

1.00

1.94

S

TWDDH255

HW

245.65

246.50

0.85

2.43

S

TWDDH255

HW

259.00

262.15

3.15

1.61

C

TWDDH255

including

259.00

260.00

1.00

4.06

S



Drill Hole

Zone

From
metres

To
metres

Length
metres

Grade
Au g/t
uncut

Composite
or Single
Sample

 

 

TWDDH255

HW

293.00

294.00

1.00

2.21

S

TWDDH255

HW

332.17

333.37

1.20

1.005

S

TWDDH255

HW

352.00

353.00

1.00

6.38

S

TWDDH255

M Zone

363.00

365.93

2.93

0.92

C

TWDDH255

FW

397.00

399.97

2.97

1.04

C

TWDDH255

FW

474.00

475.00

1.00

1.05

S

 

 

TWDDH256

TWDDH256

HW

138.00

138.63

0.63

4.08

S

TWDDH256

HW

229.00

230.00

1.00

1.55

S

TWDDH256

FW

365.57

369.00

3.43

2.85

C

TWDDH256

including

365.57

367.00

1.43

6.05

S

TWDDH256

FW

375.00

376.00

1.00

11.95

S

TWDDH256

FW

396.00

397.00

1.00

1.11

S

TWDDH256

FW

405.70

408.00

2.30

0.99

C

TWDDH256

including

407.48

408.00

0.52

2.37

S

TWDDH256

FW

411.00

415.00

4.00

1.06

C

TWDDH256

including

414.00

415.00

1.00

2.66

S

TWDDH256

FW

421.00

422.00

1.00

1.53

S

TWDDH256

FW

453.00

455.00

2.00

16.49

C

TWDDH256

including

453.00

454.00

1.00

27.20

S

 

 

TWDDH257

TWDDH257

HW

71.20

72.00

0.80

3.55

S

TWDDH257

HW

79.00

81.00

2.00

1.32

C

TWDDH257

HW

83.10

84.00

0.90

2.32

S

TWDDH257

HW

105.00

111.16

6.16

4.28

C

TWDDH257

including

108.00

108.90

0.90

23.90

S

TWDDH257

HW

130.38

131.00

0.62

1.45

S

TWDDH257

HW

152.00

153.00

1.00

1.98

S

TWDDH257

HW

201.00

202.00

1.00

1.93

S

TWDDH257

HW

211.00

212.00

1.00

3.89

S

TWDDH257

HW

220.95

221.35

0.40

2.94

S

TWDDH257

HW

251.40

254.00

2.60

7.67

C

TWDDH257

including

251.40

252.00

0.60

18.60

S

TWDDH257

HW

299.00

299.80

0.80

1.57

S

TWDDH257

M Zone

329.95

330.86

0.91

1.48

S

TWDDH257

M Zone

332.75

333.64

0.89

1.97

S

TWDDH257

FW

375.00

394.00

19.00

1.53

C

TWDDH257

including

382.00

383.00

1.00

12.00

S

 

 

TWDDH258

TWDDH258

HW

111.95

114.00

2.05

2.96

C

TWDDH258

HW

156.53

157.03

0.50

1.80

S

TWDDH258

HW

161.10

161.97

0.87

8.50

S



Drill Hole

Zone

From
metres

To
metres

Length
metres

Grade
Au g/t
uncut

Composite
or Single
Sample

 

 

TWDDH258

HW

184.00

185.00

1.00

1.22

S

TWDDH258

HW

253.00

254.00

1.00

5.63

S

TWDDH258

HW

260.47

262.07

1.60

1.64

C

TWDDH258

M Zone

265.57

272.57

7.00

1.30

C

TWDDH258

including

265.57

266.38

0.81

6.89

S

TWDDH258

FW

342.00

343.00

1.00

1.50

S

TWDDH258

FW

375.00

377.00

2.00

1.21

C

TWDDH258

FW

390.00

396.74

6.74

1.59

C

TWDDH258

including

390.00

391.00

1.00

5.36

S

TWDDH258

FW

403.00

404.00

1.00

1.15

S

 

 

TWDDH259

TWDDH259

HW

35.00

36.00

1.00

1.38

S

TWDDH259

HW

42.70

44.03

1.33

3.75

S

TWDDH259

HW

158.36

162.00

3.64

1.53

C

TWDDH259

including

158.36

158.88

0.52

5.74

S

TWDDH259

HW

169.00

171.37

2.37

2.12

C

TWDDH259

HW

176.00

177.00

1.00

5.17

S

TWDDH259

HW

194.15

195.15

1.00

3.55

S

TWDDH259

HW

213.00

214.00

1.00

21.40

S

TWDDH259

HW

218.84

220.00

1.16

4.02

S

TWDDH259

HW

223.45

224.18

0.73

1.01

S

TWDDH259

HW

239.50

240.00

0.50

1.46

S

TWDDH259

HW

295.87

296.53

0.66

1.40

S

TWDDH259

HW

304.74

306.68

1.94

1.49

C

TWDDH259

M Zone

308.20

316.99

8.79

3.02

C

TWDDH259

including

310.21

311.05

0.84

24.80

S

TWDDH259

M Zone

332.39

333.10

0.71

15.45

S

TWDDH259

FW

347.75

358.00

10.25

1.84

C

TWDDH259

including

353.00

353.63

0.63

9.10

S

TWDDH259

FW

368.00

380.58

12.58

1.67

C

TWDDH259

including

377.00

378.00

1.00

7.59

S

 

 

TWDDH260

TWDDH260

HW

14.80

15.88

1.08

1.03

S

TWDDH260

HW

207.00

207.82

0.82

1.08

S

TWDDH260

HW

219.00

220.52

1.52

13.50

S

TWDDH260

HW

238.22

239.40

1.18

2.81

S

TWDDH260

HW

244.00

245.00

1.00

1.05

S

TWDDH260

HW

262.48

263.39

0.91

1.35

S

TWDDH260

HW

273.50

275.00

1.50

27.42

C

TWDDH260

including

273.50

274.00

0.50

79.00

S

TWDDH260

M Zone

306.00

309.00

3.00

6.40

C

TWDDH260

including

307.07

308.00

0.93

16.45

S



Drill Hole

Zone

From
metres

 

To
metres

 

Length
metres

 

Grade
Au g/t
uncut

Composite
or Single
Sample

 

 

TWDDH260

FW

316.04

317.37

1.33

1.24

S

TWDDH260

FW

327.50

329.00

1.50

1.62

C

TWDDH260

FW

359.59

361.00

1.41

3.68

S

TWDDH260

FW

368.00

370.33

2.33

5.98

C

TWDDH260

including

369.00

370.33

1.33

9.75

S

TWDDH260

FW

374.34

375.00

0.66

1.71

S

TWDDH260

FW

392.00

403.30

11.30

2.41

C

TWDDH260

including

401.00

402.00

1.00

15.90

S

TWDDH260

FW

406.32

407.93

1.61

1.43

S

TWDDH260

FW

414.00

416.00

2.00

3.84

C

TWDDH260

including

414.00

415.00

1.00

6.74

S

TWDDH260

FW

424.00

428.00

4.00

0.94

C

TWDDH260

FW

435.00

436.00

1.00

1.22

S

TWDDH260

FW

444.00

445.00

1.00

1.05

S

TWDDH260

FW

456.90

459.00

2.10

5.52

C

TWDDH260

including

456.90

458.00

1.10

9.40

S

 

 

TWDDH261

TWDDH261

HW

34.20

35.59

1.39

1.53

S

TWDDH261

HW

54.00

55.00

1.00

1.44

S

TWDDH261

HW

66.00

70.04

4.04

6.73

C

TWDDH261

including

69.00

70.04

1.04

19.95

S

TWDDH261

HW

137.00

137.83

0.83

1.91

S

TWDDH261

HW

142.45

143.39

0.94

3.55

S

TWDDH261

HW

150.00

151.00

1.00

1.82

S

TWDDH261

HW

161.00

162.00

1.00

1.15

S

TWDDH261

HW

166.30

167.57

1.27

4.25

S

TWDDH261

HW

179.76

181.00

1.24

1.03

S

TWDDH261

HW

202.40

204.00

1.60

1.44

S

TWDDH261

HW

206.00

207.00

1.00

13.45

S

TWDDH261

HW

217.18

217.62

0.44

3.40

S

TWDDH261

HW

253.95

255.20

2.81

2.84

C

TWDDH261

including

255.20

256.76

1.56

4.51

S

TWDDH261

M Zone

284.77

299.20

14.43

1.23

C

TWDDH261

including

284.77

291.00

6.23

2.18

C

TWDDH261

which includes

284.77

286.00

1.23

5.50

S

TWDDH261

M Zone

301.18

313.34

12.16

1.50

C

TWDDH261

including

305.96

307.04

1.08

4.41

S

TWDDH261

FW

328.73

330.16

1.43

1.15

S

TWDDH261

FW

334.23

335.00

1.77

1.93

C

TWDDH261

FW

340.80

342.15

1.35

1.50

S

TWDDH261

FW

345.18

346.00

0.82

1.59

S

TWDDH261

FW

350.31

350.95

0.64

1.32

S

TWDDH261

FW

370.00

371.00

1.00

1.36

S

(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 samples 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 development company 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 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.