Trade Winds Reports 10.77 g/t Au over 7.0 metres from Drilling on Block A

- 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
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 |
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| 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.
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.
Trade Winds Ventures Inc.
Ian D. Lambert, CEO/President,
416-840-9843
or
Terry McGee, Investor Relations
Toll Free
866-698-9187 ext 228 or 604-648-6228
info@tradewindsventures.com
www.tradewindsventures.com





