Trade Winds Reports 10.77 g/t Au over 7.0 metres from Drilling on Block A PDF Print E-mail
  • M Zone gold mineralization intersected within current pit shell
  • 10.77 g/t Au over 7.0 m and• 1.67 g/t Au over 8.0 m in M Zone
  • 1.27 g/t Au over 12.0 m and 1.93 g/t Au over 6.0 m in Hanging Wall Zone
  • 0.8 g/t Au over 12.0 m and 2.54 g/t Au over 4.0 m in Footwall Zone
  • 56.90 g/t Au over 1.10 m in M Zone and 56.9 g/t Au over 0.50 m in the Hanging Wall Zone

 

Vancouver, BC, August 18, 2010, - Trade Winds Ventures Inc. (TSX-V: TWD, FSE: TVR) ("Trade Winds") is pleased to announce the results for the final seven (7) holes totaling 3,097.5 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 twenty three (23) drill holes totaling 8,493.5 metres from this program. This drill program was designed to fill drill-hole gaps and to test the western extension of 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), 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 six of the seven drill holes. All six of these drill holes also intersected gold mineralization in the hanging wall and footwall. The seventh hole (TWDDH-268), which was drilled to the north of the M Zone, had a number of mineralized hanging wall intersections. The 30 drill holes of the winter 2010 drill program have confirmed 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 intercepts from this group of seven holes include 10.77 g/t over 7.0 m (which includes 56.9 g/t over 1.10 m) in hole TWDDH-263, 1.27 g/t over 12.0 m in TWDDH-264, 1.67 g/t over 8.0 m in TWDDH-267, 1.93 g/t over 6.0 m in TWDDH-263 and 3.87 g/t over 3.6 m in TWDDH-268. 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 56.9 g/t over 1.10 m in the M Zone (TWDDH-263), 56.9 g/t over 0.5 m in hanging wall zone (TWDDH-268) and 30.90 g/t Au over 0.47 m in hanging wall zone (TWDDH-265). Full results are summarized in the table below.

 

Ian Lambert, CEO & President, stated: "The winter 2010 drill program was successful both infilling and extending the gold mineralization within and to the west of the current US$700 pit shell. Mineralization occurs near surface on the hanging wall for up to 300 metres to the north side of the M Zone structure, and extends for up to 200 metres on the footwall side to the south of the M Zone. We anticipate that this additional mineralization will be incremental to the current mineral resource, and the results from this exploration program will be incorporated in an update of the resource block model. In addition, a metallurgical study is being completed, and all this information will be included in the updated mineral resource estimate and pit shell anticipated for completion before the end of September".

 

 

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

 

Drill Hole

Zone

From

To

Length

Grade

Composite

 

 

metres

metres

metres

Au g/t

or Single

TWDDH262

 

 

 

 

uncut

Sample

TWDDH262

HW

181.90

182.90

1.00

2.05

S

TWDDH262

HW

212.00

213.90

1.90

2.18

C

TWDDH262

FW

313.00

318.70

5.70

0.94

C

TWDDH262

FW

364.00

367.00

3.00

1.24

C

TWDDH262

FW

400.00

401.00

1.00

1.35

S

TWDDH262

FW

409.00

421.00

12.00

0.80

C

TWDDH262

FW

429.00

433.00

4.00

1.57

C

TWDDH262

FW

445.00

446.00

1.00

1.99

S

TWDDH262

FW

449.00

450.00

1.00

1.70

S

TWDDH262

FW

463.00

464.00

1.00

1.00

S

 

 

 

 

 

 

 

TWDDH263

 

 

 

 

 

 

TWDDH263

HW

34.00

35.00

1.00

1.36

S

TWDDH263

HW

49.70

50.00

0.30

3.04

S

TWDDH263

HW

204.00

210.00

6.00

1.93

C

TWDDH263

HW

219.00

220.00

1.00

1.11

S

TWDDH263

HW

230.00

231.00

1.00

10.9

S

TWDDH263

M Zone

309.00

316.00

7.00

10.77

C

TWDDH263

including

312.90

314.00

1.10

56.90

S

TWDDH263

HW

341.40

342.00

0.60

1.02

S

TWDDH263

FW

349.00

350.20

1.20

1.65

S

TWDDH263

FW

400.00

401.00

1.00

1.82

S

TWDDH263

HW

422.00

423.00

1.00

1.10

S

 

 

 

 

 

 

 

TWDDH264

 

 

 

 

 

 

TWDDH264

HW

38.15

39.00

0.85

1.41

S

TWDDH264

HW

58.00

59.00

1.00

3.10

S

TWDDH264

HW

234.00

239.00

5.00

1.01

C

TWDDH264

HW

243.00

245.00

2.00

1.36

C

TWDDH264

HW

250.00

262.00

12.00

1.27

C

TWDDH264

HW

309.00

311.00

2.00

1.68

C

TWDDH264

M Zone

328.00

329.50

1.50

1.14

C

TWDDH264

M Zone

332.50

337.37

4.87

1.34

C

TWDDH264

M Zone

353.00

354.00

1.00

3.46

S

TWDDH264

FW

411.00

420.00

9.00

0.84

C

TWDDH264

FW

428.00

429.00

1.00

2.03

S

 

TWDDH265

 

 

 

 

 

 

TWDDH265

HW

96.00

97.02

1.02

1.15

S

TWDDH265

HW

113.53

114.00

0.47

30.9

S

TWDDH265

HW

198.00

199.02

1.02

1.24

C

TWDDH265

HW

216.00

217.00

1.00

1.23

S

 

Drill Hole

Zone

From

To

Length

Grade

Composite

 

 

metres

metres

metres

Au g/t

or Single

 

 

 

 

 

uncut

Sample

TWDDH265

HW

276.00

277.00

1.00

23.00

S

TWDDH265

HW

281.00

282.00

1.00

1.53

S

TWDDH265

HW

291.63

292.59

0.96

2.42

S

TWDDH265

HW

341.00

343.71

2.71

1.34

C

TWDDH265

HW

351.00

352.16

1.16

1.33

S

TWDDH265

HW

371.00

378.00

7.00

2.33

C

TWDDH265

M Zone

415.00

417.00

2.00

1.36

C

TWDDH265

FW

432.00

433.39

1.39

3.53

S

 

TWDDH266

 

 

 

 

 

 

TWDDH266

HW

20.50

21.00

0.50

1.04

S

TWDDH266

HW

117.75

118.03

0.28

2.88

S

TWDDH266

HW

132.93

135.00

2.07

1.14

C

TWDDH266

HW

147.00

148.00

1.00

1.97

S

TWDDH266

HW

250.00

251.00

1.00

2.09

S

TWDDH266

HW

291.00

292.00

1.00

1.12

S

TWDDH266

HW

297.00

299.00

2.00

2.07

C

TWDDH266

HW

336.00

340.00

4.00

1.49

C

TWDDH266

HW

385.00

386.00

1.00

1.12

S

TWDDH266

HW

412.57

413.00

0.43

1.45

S

TWDDH266

M Zone

429.45

433.00

3.55

0.74

C

TWDDH266

M Zone

449.00

450.65

1.65

1.00

C

TWDDH266

M Zone

453.00

453.91

0.91

2.96

C

TWDDH266

FW

479.00

480.00

1.00

1.66

S

TWDDH266

FW

484.00

488.00

4.00

2.54

C

 

 

 

 

 

 

 

TWDDH267

 

 

 

 

 

 

TWDDH267

HW

54.00

55.00

1.00

2.80

S

TWDDH267

HW

98.00

99.00

1.00

2.81

S

TWDDH267

HW

206.13

209.00

2.87

0.87

C

TWDDH267

HW

215.00

216.00

1.00

3.02

S

TWDDH267

HW

247.00

248.00

1.00

1.31

S

TWDDH267

HW

254.00

255.00

1.00

4.31

S

TWDDH267

HW

264.00

267.00

3.00

1.30

C

TWDDH267

HW

274.00

277.00

3.00

3.45

C

TWDDH267

HW

283.00

287.75

4.75

1.89

C

TWDDH267

HW

309.00

310.00

1.00

1.84

S

TWDDH267

HW

334.00

336.00

2.00

2.74

C

TWDDH267

HW

345.00

346.00

1.00

1.81

S

TWDDH267

HW

349.00

350.00

1.00

3.12

S

TWDDH267

M Zone

363.97

364.36

0.39

2.73

S

TWDDH267

M Zone

367.00

375.00

8.00

1.67

C

TWDDH267

M Zone

381.00

385.10

4.10

0.83

C

TWDDH267

M Zone

388.00

389.00

1.00

1.03

S

TWDDH267

M Zone

394.00

395.00

1.00

1.71

S

 

Drill Hole

Zone

From

To

Length

Grade

Composite

 

 

metres

metres

metres

Au g/t

or Single

 

 

 

 

 

uncut

Sample

TWDDH267

FW

397.00

398.00

1.00

1.06

S

TWDDH267

FW

404.00

405.20

1.20

1.18

S

TWDDH267

FW

406.90

408.00

1.10

1.46

S

 

 

 

 

 

 

 

TWDDH268

 

 

 

 

 

 

TWDDH268

HW

21.00

22.00

1.00

1.22

S

TWDDH268

HW

46.00

48.58

2.58

11.38

C

TWDDH268

including

47.50

48.00

0.50

56.90

S

TWDDH268

HW

67.74

69.00

1.26

1.02

S

TWDDH268

HW

138.13

142.00

3.87

3.60

C

TWDDH268

including

138.81

140.00

1.19

11.10

S

TWDDH268

HW

154.00

155.00

1.00

1.37

S

TWDDH268

HW

156.00

157.00

1.00

1.02

S

TWDDH268

HW

253.07

253.40

0.33

1.14

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 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 (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.