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 |