Trade Winds Announces Initial Results of 2011 Drilling on Block A
- 1.89 g/t Au over 28.0 m and 2.92 g/t Au over 7.0 m in hanging wall
- 3.47 g/t Au over 15.4 m and 2.68 g/t Au over 8.3 m in M Zone
- 2.44 g/t Au over 11.0 m and 2.34 g/t Au over 10.4 m in footwall
- 47.8 g/t Au over 1.0 m in hanging wall, 47.9 g/t Au over 0.7 m in M
Zone, and 42.7g/t Au over 0.4 m in footwall - 49 diamond drill holes ? 20,328 metres completed to date
Trade Winds Ventures Inc. (TSX-V: TWD, FSE: TVR) is pleased to announce
the results of the first seven drill holes of the planned 70 holes,
30,000 metres 2011 winter drilling program on the Block A Joint Venture
project (50% Trade Winds / 50% Detour Gold), located adjacent to Detour
Gold′s Detour Lake gold project in northeastern Ontario. Trade Winds is
the operator of the Joint Venture exploration program.
Shown below are the significant mineralized (uncut) sections intersected
in the first seven infill drill holes, all within the pit shell on Block
A.
Hanging Wall Zone | |||||||||||||||||||||
TWDDH-269 | TWDDH-272 | TWDDH-275 | |||||||||||||||||||
| 1.14 g/t Au over 21.0 m | 2.92 g/t Au over 7.0 m | |||||||||||||||||||
1.89 g/t Au over 28.0 m | 1.03 g/t Au over 9.6 m | ||||||||||||||||||||
M Zone | |||||||||||||||||||||
TWDDH-271 | TWDDH-273 | ||||||||||||||||||||
3.47 g/t Au over 15.4 m | 2.68 g/t Au over 8.3 m | ||||||||||||||||||||
Foot Wall Zone | |||||||||||||||||||||
TWDDH-269 | TWDDH-270A | TWDDH-271 | |||||||||||||||||||
| 1.22 g/t Au over 6.0 m | 0.99 g/t over 7.0 m | |||||||||||||||||||
TWDDH-273 | TWDDH-274 | TWDDH-275 | |||||||||||||||||||
2.34 g/t Au over 10.4 m | 1.50 g/t Au over 6.5 m | 2.44 g/t Au over 11.0 m | |||||||||||||||||||
1.02 g/t Au over 5.0 m |
Additional results are listed below.
To date, a total of 49 drill holes totaling 20,328 metres have been
completed from the planned 30,000 metre drill program, which commenced
on January 5, 2011. The 2011 program calls for up to 70 drill holes,
subject to favourable ground conditions. Similar to the 2010 program,
the 2011 program seeks to address more than one objective: infill
drilling, particularly large gap areas, and exploration drilling.
One of the recommendations of the 2009 NI 43-101 report by Watts Griffis
and McOuat (WGM) was the infill drilling of numerous drilling gaps, also
termed data gaps, within the pit shell area. On Block A, drill spacing
of closer than 80 metres is required for the category of inferred
resources and closer than 40 metres for indicated resources. The winter
2010 program targeted regions with spacing greater than 80 metres within
the pit area. This will continue with this 2011 drilling program. A
portion of the deposit will be drilled on 40 metre by 40 metre centres
to increase the confidence level of the mineral resources. A total of 53
drill holes, approximately 76% of the winter 2011 drill program, is
planned for this infill drilling.
As part of a continuing program to explore Block A, a total of 17 drill
holes, approximately 24% of the winter 2011 drill program, is planned to
test areas outside the delineation drilling within the pit shell. This
exploration drilling will focus in the areas north of the main pit area
between the main pit shell and the North Walter Lake (NWL) pit shell,
and south of the main pit shell to the southern boundary of Block A to
test the footwall and to determine if the Sunday Lake Deformation Zone
(SLDF) extends onto the southern portion of Block A. Both areas, between
NWL and the main pit shell and south of the main pit shell, are nearly
untested and both represent areas of potential mineralization parallel
to the M Zone.
Further drilling will be to the west of the main pit shell. In the July,
2009 NI 43-101 technical report, Watts Griffis and McOuat recommended
drilling between sections 15380E and 15060E to test the western
extension of the modeled pit. The result was the intersection of gold
mineralization in the M Zone in all seven drill holes of this part of
the 2010 program. A similar western extension drilling program is
planned for winter 2011, testing the M Zone mineralization a further 320
metres to the west between sections 15060E and 14740E. Previous deep
drilling by Trade Winds on sections 14700E and 14900E showed mineralized
intersections of the M zone at depth. The 2011 drilling will test the
shallower potential between these sections.
Current Results from Block A ? Winter 2011 Drill Program:
Drill Hole | Zone | From | To | Length | Grade | Single or | ||||||||||||||||||||||||
meters | meters | meters | g/t Au | Composite | ||||||||||||||||||||||||||
uncut | Sample | |||||||||||||||||||||||||||||
TWDDH269 | Hanging Wall | 29.0 | 32.0 | 3.0 | 1.15 | C | ||||||||||||||||||||||||
TWDDH269 | Hanging Wall | 40.0 | 41.0 | 1.0 | 1.87 | S | ||||||||||||||||||||||||
TWDDH269 | Hanging Wall | 109.0 | 116.0 | 7.0 | 1.08 | C | ||||||||||||||||||||||||
TWDDH269 | Hanging Wall | 125.0 | 127.0 | 2.0 | 2.45 | C | ||||||||||||||||||||||||
TWDDH269 | Hanging Wall | 139.0 | 140.0 | 1.0 | 16.50 | S | ||||||||||||||||||||||||
TWDDH269 | Hanging Wall | 206.0 | 207.0 | 1.0 | 2.18 | S | ||||||||||||||||||||||||
TWDDH269 | Hanging Wall | 274.0 | 302.0 | 28.0 | 1.89 | C | ||||||||||||||||||||||||
including | 293.0 | 296.0 | 3.0 | 10.40 | C | |||||||||||||||||||||||||
TWDDH269 | Hanging Wall | 341.0 | 342.0 | 1.0 | 5.33 | S | ||||||||||||||||||||||||
TWDDH269 | Hanging Wall | 358.3 | 360.0 | 2.7 | 1.13 | C | ||||||||||||||||||||||||
TWDDH269 | Hanging Wall | 397.0 | 398.0 | 1.0 | 1.64 | S | ||||||||||||||||||||||||
TWDDH269 | Footwall | 480.0 | 481.0 | 1.0 | 1.35 | S | ||||||||||||||||||||||||
TWDDH269 | Footwall | 519.0 | 520.0 | 1.0 | 1.27 | S | ||||||||||||||||||||||||
TWDDH269 | Footwall | 533.0 | 535.0 | 2.0 | 1.25 | C | ||||||||||||||||||||||||
TWDDH269 | Footwall | 544.0 | 552.0 | 8.0 | 0.79 | C | ||||||||||||||||||||||||
including | 549.0 | 552.0 | 3.0 | 1.43 | C | |||||||||||||||||||||||||
TWDDH270A | Hanging Wall | 131.0 | 132.0 | 1.0 | 1.99 | S | ||||||||||||||||||||||||
TWDDH270A | Hanging Wall | 144.0 | 145.0 | 1.0 | 1.09 | S | ||||||||||||||||||||||||
TWDDH270A | Hanging Wall | 211.0 | 213.0 | 2.0 | 24.37 | C | ||||||||||||||||||||||||
including | 211.0 | 212.0 | 1.0 | 47.80 | S | |||||||||||||||||||||||||
TWDDH270A | M Zone | 223.0 | 224.3 | 1.3 | 6.22 | C | ||||||||||||||||||||||||
including | 223.6 | 224.3 | 0.7 | 47.90 | S | |||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||
Drill Hole | Zone | From | To | Length | Grade | Single or | ||||||||||||||||||||||||
meters | meters | meters | g/t Au | Composite | ||||||||||||||||||||||||||
uncut | Sample | |||||||||||||||||||||||||||||
TWDDH270A | Footwall | 308.0 | 309.0 | 1.0 | 1.51 | S | ||||||||||||||||||||||||
TWDDH270A | Footwall | 325.0 | 326.0 | 1.0 | 1.35 | S | ||||||||||||||||||||||||
TWDDH270A | Footwall | 331.0 | 335.0 | 4.0 | 0.93 | C | ||||||||||||||||||||||||
TWDDH270A | Footwall | 343.0 | 344.0 | 1.0 | 1.23 | S | ||||||||||||||||||||||||
TWDDH270A | Footwall | 371.0 | 372.0 | 1.0 | 0.99 | S | ||||||||||||||||||||||||
TWDDH270A | Footwall | 378.0 | 379.0 | 1.0 | 7.48 | S | ||||||||||||||||||||||||
TWDDH270A | Footwall | 392.0 | 393.0 | 1.0 | 1.35 | S | ||||||||||||||||||||||||
TWDDH270A | Footwall | 396.0 | 402.0 | 6.0 | 1.22 | C | ||||||||||||||||||||||||
TWDDH270A | Footwall | 430.0 | 433.0 | 3.0 | 0.96 | C | ||||||||||||||||||||||||
TWDDH270A | Footwall | 437.0 | 439.0 | 2.0 | 1.41 | C | ||||||||||||||||||||||||
TWDDH-271 | Hanging Wall | 62.0 | 63.0 | 1.0 | 0.95 | S | ||||||||||||||||||||||||
TWDDH-271 | Hanging Wall | 68.0 | 70.0 | 2.0 | 1.55 | C | ||||||||||||||||||||||||
TWDDH-271 | Hanging Wall | 77.0 | 78.5 | 1.5 | 1.33 | C | ||||||||||||||||||||||||
TWDDH-271 | Hanging Wall | 157.0 | 159.0 | 2.0 | 1.12 | C | ||||||||||||||||||||||||
TWDDH-271 | Hanging Wall | 168.0 | 169.0 | 1.0 | 19.90 | S | ||||||||||||||||||||||||
TWDDH-271 | Hanging Wall | 187.8 | 194.0 | 6.2 | 0.96 | C | ||||||||||||||||||||||||
TWDDH-271 | Hanging Wall | 203.0 | 209.0 | 6.0 | 1.27 | C | ||||||||||||||||||||||||
TWDDH-271 | Hanging Wall | 213.6 | 215.0 | 1.4 | 1.01 | C | ||||||||||||||||||||||||
TWDDH-271 | Hanging Wall | 228.0 | 234.0 | 6.0 | 0.95 | C | ||||||||||||||||||||||||
TWDDH-271 | Hanging Wall | 306.0 | 307.0 | 1.0 | 4.42 | S | ||||||||||||||||||||||||
TWDDH-271 | M Zone | 321.0 | 323.0 | 2.0 | 1.74 | C | ||||||||||||||||||||||||
TWDDH-271 | M Zone | 330.7 | 346.0 | 15.4 | 3.47 | C | ||||||||||||||||||||||||
including | 333.2 | 333.8 | 0.6 | 32.70 | S | |||||||||||||||||||||||||
TWDDH-271 | Footwall | 357.0 | 358.1 | 1.1 | 1.19 | S | ||||||||||||||||||||||||
TWDDH-271 | Footwall | 366.0 | 373.0 | 7.0 | 0.99 | C | ||||||||||||||||||||||||
TWDDH-271 | Footwall | 376.0 | 377.0 | 1.0 | 1.81 | S | ||||||||||||||||||||||||
TWDDH-272 | Hanging Wall | 45.0 | 66.0 | 21.0 | 1.14 | C | ||||||||||||||||||||||||
TWDDH-272 | Hanging Wall | 115.0 | 116.0 | 1.0 | 1.15 | S | ||||||||||||||||||||||||
TWDDH-272 | Hanging Wall | 139.0 | 140.2 | 1.2 | 1.02 | S | ||||||||||||||||||||||||
TWDDH-272 | Hanging Wall | 151.0 | 158.0 | 7.0 | 0.83 | C | ||||||||||||||||||||||||
TWDDH-272 | Hanging Wall | 458.0 | 460.8 | 2.8 | 1.07 | C | ||||||||||||||||||||||||
TWDDH-272 | Hanging Wall | 473.0 | 474.4 | 1.4 | 2.69 | C | ||||||||||||||||||||||||
TWDDH-272 | M Zone | 527.0 | 527.6 | 0.6 | 1.10 | S | ||||||||||||||||||||||||
TWDDH-272 | Footwall | 561.0 | 563.0 | 2.0 | 1.05 | C | ||||||||||||||||||||||||
TWDDH-272 | Footwall | 580.0 | 583.0 | 3.0 | 0.83 | C | ||||||||||||||||||||||||
TWDDH-272 | Footwall | 586.0 | 588.0 | 2.0 | 1.18 | C | ||||||||||||||||||||||||
TWDDH273 | Hanging Wall | 75.0 | 75.9 | 0.8 | 1.08 | S | ||||||||||||||||||||||||
TWDDH273 | Hanging Wall | 111.0 | 112.0 | 1.0 | 1.15 | S | ||||||||||||||||||||||||
TWDDH273 | Hanging Wall | 179.0 | 180.0 | 1.0 | 1.41 | S | ||||||||||||||||||||||||
TWDDH273 | Hanging Wall | 184.0 | 185.0 | 1.0 | 1.76 | S | ||||||||||||||||||||||||
TWDDH273 | Hanging Wall | 211.0 | 212.0 | 1.0 | 1.12 | S | ||||||||||||||||||||||||
Drill Hole | Zone | From | To | Length | Grade | Single or | ||||||||||||||||||||||||
meters | meters | meters | g/t Au | Composite | ||||||||||||||||||||||||||
uncut | Sample | |||||||||||||||||||||||||||||
TWDDH273 | Hanging Wall | 262.4 | 263.0 | 0.6 | 2.47 | S | ||||||||||||||||||||||||
TWDDH273 | Hanging Wall | 282.0 | 285.5 | 3.5 | 2.91 | C | ||||||||||||||||||||||||
TWDDH273 | M Zone | 289.7 | 298.0 | 8.3 | 2.68 | C | ||||||||||||||||||||||||
including | 289.7 | 290.5 | 0.8 | 16.50 | S | |||||||||||||||||||||||||
TWDDH273 | Footwall | 380.0 | 381.0 | 1.0 | 1.67 | S | ||||||||||||||||||||||||
TWDDH273 | Footwall | 421.0 | 431.4 | 10.4 | 2.34 | C | ||||||||||||||||||||||||
430.0 | 431.4 | 1.4 | 12.00 | S | ||||||||||||||||||||||||||
TWDDH274 | Hanging Wall | 85.0 | 86.0 | 1.0 | 1.04 | S | ||||||||||||||||||||||||
TWDDH274 | Hanging Wall | 91.0 | 94.0 | 3.0 | 1.27 | C | ||||||||||||||||||||||||
TWDDH274 | Hanging Wall | 206.1 | 207.1 | 1.0 | 2.47 | S | ||||||||||||||||||||||||
TWDDH274 | Hanging Wall | 238.2 | 242.0 | 3.8 | 2.45 | C | ||||||||||||||||||||||||
TWDDH274 | Hanging Wall | 246.0 | 248.0 | 2.0 | 1.19 | C | ||||||||||||||||||||||||
TWDDH274 | Hanging Wall | 255.0 | 258.0 | 3.0 | 0.92 | C | ||||||||||||||||||||||||
TWDDH274 | Hanging Wall | 261.0 | 264.0 | 3.0 | 0.95 | C | ||||||||||||||||||||||||
TWDDH274 | Hanging Wall | 266.0 | 267.0 | 1.0 | 1.32 | S | ||||||||||||||||||||||||
TWDDH274 | Hanging Wall | 294.0 | 295.0 | 1.0 | 4.57 | S | ||||||||||||||||||||||||
TWDDH274 | Footwall | 390.0 | 396.5 | 6.5 | 1.50 | C | ||||||||||||||||||||||||
TWDDH274 | Footwall | 411.0 | 414.0 | 3.0 | 0.88 | C | ||||||||||||||||||||||||
TWDDH274 | Footwall | 417.0 | 418.0 | 1.0 | 0.85 | S | ||||||||||||||||||||||||
TWDDH274 | Footwall | 425.0 | 429.0 | 4.0 | 1.69 | C | ||||||||||||||||||||||||
TWDDH274 | Footwall | 438.0 | 443.0 | 5.0 | 1.02 | C | ||||||||||||||||||||||||
TWDDH274 | Footwall | 449.0 | 450.0 | 1.0 | 1.12 | S | ||||||||||||||||||||||||
TWDDH274 | Footwall | 468.0 | 470.0 | 2.0 | 0.84 | C | ||||||||||||||||||||||||
TWDDH-275 | Hanging Wall | 72.0 | 73.0 | 1.0 | 1.15 | S | ||||||||||||||||||||||||
TWDDH-275 | Hanging Wall | 101.0 | 102.0 | 1.0 | 1.09 | S | ||||||||||||||||||||||||
TWDDH-275 | Hanging Wall | 200.0 | 201.0 | 1.0 | 9.80 | S | ||||||||||||||||||||||||
TWDDH-275 | Hanging Wall | 214.0 | 218.0 | 4.0 | 2.95 | C | ||||||||||||||||||||||||
TWDDH-275 | Hanging Wall | 230.0 | 237.0 | 7.0 | 2.92 | C | ||||||||||||||||||||||||
including | 234.0 | 235.0 | 1.0 | 14.40 | S | |||||||||||||||||||||||||
TWDDH-275 | Hanging Wall | 265.0 | 274.6 | 9.6 | 1.03 | C | ||||||||||||||||||||||||
TWDDH-275 | M Zone | 328.0 | 329.0 | 1.0 | 1.32 | S | ||||||||||||||||||||||||
TWDDH-275 | M Zone | 344.0 | 345.0 | 1.0 | 1.02 | S | ||||||||||||||||||||||||
TWDDH-275 | Footwall | 383.0 | 384.0 | 1.0 | 1.14 | S | ||||||||||||||||||||||||
TWDDH-275 | Footwall | 387.0 | 387.9 | 0.9 | 1.10 | S | ||||||||||||||||||||||||
TWDDH-275 | Footwall | 409.0 | 410.0 | 1.0 | 6.72 | S | ||||||||||||||||||||||||
TWDDH-275 | Footwall | 415.0 | 419.0 | 4.0 | 1.05 | C | ||||||||||||||||||||||||
TWDDH-275 | Footwall | 429.0 | 430.0 | 1.0 | 1.38 | S | ||||||||||||||||||||||||
TWDDH-275 | Footwall | 432.0 | 437.0 | 5.0 | 0.85 | C | ||||||||||||||||||||||||
TWDDH-275 | Footwall | 488.0 | 499.0 | 11.0 | 2.44 | C | ||||||||||||||||||||||||
including | 488.9 | 489.3 | 0.4 | 42.70 | 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 direct to Activation Laboratories Ltd.
(ActLabs) preparation facility in Timmins, Ontario by Trade Winds
personnel. The samples are analyzed for gold using the ActLabs procedure
1A2-50, which is a 50 g fire assay with AA finish. Samples returning
greater than 3 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 ActLabs include
a standard multi-element ICP package.
The coarse rejects are kept in Timmins for re-assaying purposes for a
period of up to six months and then returned to the Trade Winds site for
long term storage. Selected coarse rejects and pulps are check assayed
by third party laboratories other than ActLabs.
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 towards the feasibility stage. The Block A (50/50 Joint
Venture with Detour Gold) 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
report on the Block A properties by WGM delineated a total indicated
mineral resource of 90.5 million tonnes grading 0.84 g/t gold containing
2,447,500 ounces and an inferred resource of 73.7 million tonnes grading
0.83 g/t gold containing 1.967,300 ounces of gold (including the 50%
portion to Detour Gold on Block A).
The latest in-pit mineral resource estimate of February 15, 2011, as
prepared by WGM, is shown in the table below.
US$1,000 Pit Shell - Mineral Resource Estimate for Block A (100%) at a cut-off of 0.4 g/t Au | ||||||||||||
Resource Category | Tonnes | Grade Capped | Gold Ounces | |||||||||
(millions) | (g/t Au) | (000′s) | ||||||||||
Indicated | 70.8 | 0.85 | 1,924 | |||||||||
Inferred | 27.3 | 0.87 | 762 | |||||||||
The parameters and methodology utilized to estimate this mineral
resource are described in Trade Winds′ February 15, 2011 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, 416-840-9843
CEO/President
or
Terry
McGee, 604-648-6228
Toll Free: 866-698-9187 ext 228
Investor
Relations
or
info@tradewindsventures.com
www.tradewindsventures.com