Trade Winds Intersects 2.08 g/t gold over 30 metres on Block A
- 1.31 g/t Au over 17.5 m and 2.54 g/t Au over 10.0 m in M Zone
- 2.08 g/t Au over 30.0 m and 1.43 g/t Au over 29.0 m in Foot Wall
- Assays of 30.2 g/t Au over 0.3 m in M Zone, 34.7g/t Au over 1.0 m
in footwall and 14.1 g/t Au over 1.0 m in hanging wall - Drilling portion of Winter 2011 program complete
- 69 diamond drill holes ? 29,756.5 metres completed
Trade Winds Ventures Inc. (TSX-V: TWD, FSE: TVR) is pleased to announce
additional drilling results 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. The planned 30,000 metre (70
drill hole) program commenced January 5, 2011 and was completed on May 2
with a total of 69 drill holes totalling 29,756.5 metres. Trade Winds is
the operator of the Joint Venture exploration program.
Shown below are the significant mineralized (uncut) sections intersected
in diamond drill holes TWDDH276 to TWDDH282 holes, with all seven infill
drill holes located within the pit shell on Block A.
Hanging Wall Zone | ||||||||||||
TWDDH-277 | TWDDH-280 | TWDDH-281 | ||||||||||
1.85 g/t Au over 4.2 m | 1.36 g/t Au over 3.3 m | 1.31 g/t Au over 3.5 m | ||||||||||
M Zone | ||||||||||||
TWDDH-278 | TWDDH-279 | |||||||||||
2.54 g/t Au over 10.0 m | 4.42 g/t Au over 4.2 m | |||||||||||
TWDDH-282 | TWDDH-280 | |||||||||||
0.99 g/t Au over 9.8 m | 1.31 g/t Au over 17.5 m | |||||||||||
Foot Wall Zone | ||||||||||||
TWDDH-276 | TWDDH-279 | TWDDH-281 | ||||||||||
2.08 g/t Au over 30.0 m | 1.43 g/t Au over 29.0 m | 9.14 Au g/t over 3.0 m | ||||||||||
0.88 g/t Au over 14.0 m | 0.77 Au g/t over 8.0 m | |||||||||||
TWDDH-280 | 2.33 g/t Au over 7.0 m | |||||||||||
3.55 g/t Au over 3.6 m | 3.57 g/t Au over 6.0 m |
Additional results are listed at end of press release.
The winter 2011 drill program began on January 5, 2011 was completed on
May 2, 2011 with 72 diamond drill holes completed (including 3 abandoned
drill holes). One planned drill hole was not completed due to ground
conditions. Plans are for drill logging to be completed by mid-May and
the backlog of core sampling to be completed by mid-June.
Similar to the 2010 program, the 2011 program sought 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
to increase the confidence level of the mineral resources. 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 has continued with this 2011 drilling
program.
Current Results from Block A ? Winter 2011 Drill Program:
Drill Hole | Zone | From | to | length | Au grade | ||||||||||
metres | metres | metres | g/t | ||||||||||||
TWDDH276 | Hanging Wall | 27.0 | 28.0 | 1.0 | 0.93 | ||||||||||
TWDDH276 | Hanging Wall | 35.0 | 36.0 | 1.0 | 1.91 | ||||||||||
TWDDH276 | Hanging Wall | 43.0 | 44.0 | 1.0 | 1.25 | ||||||||||
TWDDH276 | Hanging Wall | 55.0 | 56.0 | 1.0 | 1.73 | ||||||||||
TWDDH276 | Hanging Wall | 71.0 | 72.0 | 1.0 | 8.43 | ||||||||||
TWDDH276 | Hanging Wall | 120.0 | 122.0 | 2.0 | 1.08 | ||||||||||
TWDDH276 | Hanging Wall | 141.0 | 142.5 | 1.5 | 3.89 | ||||||||||
TWDDH276 | M Zone | 156.8 | 158.0 | 1.2 | 1.37 | ||||||||||
TWDDH276 | Foot Wall | 172.9 | 175.0 | 2.1 | 1.04 | ||||||||||
TWDDH276 | Foot Wall | 251.0 | 256.0 | 5.0 | 0.68 | ||||||||||
including | 255.0 | 256.0 | 1.0 | 1.62 | |||||||||||
TWDDH276 | Foot Wall | 269.0 | 273.0 | 4.0 | 1.86 | ||||||||||
TWDDH276 | Foot Wall | 277.0 | 279.0 | 2.0 | 1.13 | ||||||||||
TWDDH276 | Foot Wall | 304.0 | 305.0 | 1.0 | 1.10 | ||||||||||
TWDDH276 | Foot Wall | 326.0 | 356.0 | 30.0 | 2.08 | ||||||||||
including | 326.0 | 327.0 | 1.0 | 34.70 | |||||||||||
TWDDH276 | Foot Wall | 360.0 | 363.0 | 3.0 | 0.92 | ||||||||||
TWDDH276 | Foot Wall | 372.0 | 374.0 | 2.0 | 0.98 | ||||||||||
TWDDH276 | Foot Wall | 385.0 | 392.0 | 7.0 | 0.75 | ||||||||||
TWDDH276 | Foot Wall | 399.0 | 401.0 | 1.4 | 3.04 | ||||||||||
TWDDH276 | Foot Wall | 404.8 | 406.0 | 1.2 | 0.93 | ||||||||||
TWDDH276 | Foot Wall | 415.0 | 416.0 | 1.0 | 1.40 | ||||||||||
TWDDH277 | Hanging Wall | 53.0 | 56.0 | 3.0 | 3.48 | ||||||||||
including | 55.3 | 56.0 | 0.7 | 13.30 | |||||||||||
TWDDH277 | Hanging Wall | 233.3 | 237.0 | 3.8 | 1.19 | ||||||||||
TWDDH277 | Hanging Wall | 253.8 | 258.0 | 4.2 | 1.85 | ||||||||||
TWDDH277 | Hanging Wall | 284.5 | 284.8 | 0.4 | 3.69 | ||||||||||
TWDDH277 | Hanging Wall | 374.0 | 375.0 | 1.0 | 14.10 | ||||||||||
TWDDH277 | M Zone | 380.0 | 382.0 | 2.0 | 0.90 | ||||||||||
TWDDH277 | Foot Wall | 420.0 | 421.0 | 1.0 | 1.11 | ||||||||||
TWDDH277 | Foot Wall | 430.0 | 434.0 | 4.0 | 1.20 | ||||||||||
TWDDH277 | Foot Wall | 445.0 | 449.0 | 4.0 | 1.45 | ||||||||||
TWDDH277 | Foot Wall | 456.0 | 458.0 | 2.0 | 1.55 |
Drill Hole | Zone | From | to | length | Au grade | ||||||||||
metres | metres | metres | g/t | ||||||||||||
TWDDH278 | Hanging Wall | 24.0 | 25.0 | 1.0 | 3.20 | ||||||||||
TWDDH278 | Hanging Wall | 92.6 | 95.0 | 2.4 | 2.50 | ||||||||||
TWDDH278 | Hanging Wall | 111.0 | 112.0 | 1.0 | 1.15 | ||||||||||
TWDDH278 | Hanging Wall | 119.0 | 120.0 | 1.0 | 1.53 | ||||||||||
TWDDH278 | Hanging Wall | 129.0 | 130.0 | 1.0 | 1.28 | ||||||||||
TWDDH278 | Hanging Wall | 138.0 | 139.0 | 1.0 | 2.01 | ||||||||||
TWDDH278 | Hanging Wall | 151.0 | 152.9 | 1.9 | 1.15 | ||||||||||
TWDDH278 | M Zone | 158.0 | 168.0 | 10.0 | 2.54 | ||||||||||
including | 160.4 | 161.5 | 1.0 | 11.40 | |||||||||||
TWDDH278 | M Zone | 173.0 | 174.0 | 1.0 | 3.60 | ||||||||||
TWDDH278 | M Zone | 185.0 | 186.0 | 1.0 | 1.28 | ||||||||||
TWDDH278 | Foot Wall | 207.0 | 212.0 | 5.0 | 0.93 | ||||||||||
TWDDH278 | Foot Wall | 244.0 | 248.7 | 4.7 | 1.26 | ||||||||||
TWDDH278 | Foot Wall | 257.0 | 259.0 | 2.0 | 0.88 | ||||||||||
TWDDH278 | Foot Wall | 275.0 | 277.0 | 2.0 | 4.47 | ||||||||||
TWDDH278 | Foot Wall | 301.0 | 302.0 | 1.0 | 1.16 | ||||||||||
TWDDH278 | Foot Wall | 307.0 | 308.0 | 1.0 | 1.03 | ||||||||||
TWDDH278 | Foot Wall | 313.0 | 315.0 | 2.0 | 1.24 | ||||||||||
TWDDH278 | Foot Wall | 354.5 | 358.0 | 3.5 | 0.90 | ||||||||||
TWDDH278 | Foot Wall | 409.0 | 410.0 | 1.0 | 1.66 | ||||||||||
TWDDH278 | Foot Wall | 415.0 | 416.0 | 1.0 | 2.28 | ||||||||||
TWDDH278 | Foot Wall | 449.0 | 450.0 | 1.0 | 8.80 | ||||||||||
TWDDH279 | M Zone | 28.0 | 32.2 | 4.2 | 4.42 | ||||||||||
including | 30.0 | 31.0 | 1.0 | 16.00 | |||||||||||
TWDDH279 | M Zone | 43.0 | 45.0 | 2.0 | 0.74 | ||||||||||
TWDDH279 | Foot Wall | 74.0 | 77.0 | 3.0 | 1.49 | ||||||||||
TWDDH279 | Foot Wall | 109.0 | 110.0 | 1.0 | 1.01 | ||||||||||
TWDDH279 | Foot Wall | 133.0 | 147.0 | 14.0 | 0.88 | ||||||||||
including | Foot Wall | 140.0 | 147.0 | 7.0 | 1.30 | ||||||||||
TWDDH279 | Foot Wall | 159.0 | 164.4 | 5.4 | 2.53 | ||||||||||
including | Foot Wall | 160.0 | 161.0 | 1.0 | 11.00 | ||||||||||
TWDDH279 | Foot Wall | 184.5 | 185.0 | 0.6 | 1.30 | ||||||||||
TWDDH279 | Foot Wall | 187.0 | 188.0 | 1.0 | 1.22 | ||||||||||
TWDDH279 | Foot Wall | 194.0 | 195.0 | 1.0 | 1.25 | ||||||||||
TWDDH279 | Foot Wall | 198.0 | 199.0 | 1.0 | 1.00 | ||||||||||
TWDDH279 | Foot Wall | 228.0 | 235.0 | 7.0 | 2.33 | ||||||||||
including | 233.0 | 234.0 | 1.0 | 11.10 | |||||||||||
TWDDH279 | Foot Wall | 256.0 | 264.0 | 8.0 | 0.85 | ||||||||||
TWDDH279 | Foot Wall | 269.0 | 298.0 | 29.0 | 1.43 | ||||||||||
including | 293.4 | 294.4 | 1.0 | 16.00 | |||||||||||
TWDDH279 | Foot Wall | 316.0 | 320.0 | 4.0 | 0.92 | ||||||||||
TWDDH279 | Foot Wall | 343.2 | 344.0 | 0.8 | 2.99 | ||||||||||
TWDDH279 | Foot Wall | 361.0 | 367.0 | 6.0 | 3.57 | ||||||||||
including | 363.0 | 364.0 | 1.0 | 14.10 |
Drill Hole | Zone | From | to | length | Au grade | ||||||||||
metres | metres | metres | g/t | ||||||||||||
TWDDH279 | Foot Wall | 405.0 | 406.0 | 1.0 | 1.33 | ||||||||||
TWDDH279 | Foot Wall | 409.0 | 410.0 | 1.0 | 12.70 | ||||||||||
TWDDH279 | Foot Wall | 417.0 | 418.0 | 1.0 | 2.27 | ||||||||||
TWDDH279 | Foot Wall | 447.0 | 448.0 | 1.0 | 3.08 | ||||||||||
TWDDH280 | Hanging Wall | 28.7 | 32.0 | 3.3 | 1.36 | ||||||||||
TWDDH280 | Hanging Wall | 52.5 | 53.3 | 0.8 | 1.10 | ||||||||||
TWDDH280 | Hanging Wall | 123.0 | 124.5 | 1.5 | 1.18 | ||||||||||
TWDDH280 | Hanging Wall | 149.0 | 150.0 | 1.0 | 5.06 | ||||||||||
TWDDH280 | Hanging Wall | 165.0 | 168.0 | 3.0 | 0.85 | ||||||||||
TWDDH280 | Hanging Wall | 175.1 | 178.0 | 3.0 | 1.55 | ||||||||||
TWDDH280 | Hanging Wall | 187.8 | 189.1 | 1.3 | 7.09 | ||||||||||
TWDDH280 | M Zone | 286.2 | 303.7 | 17.5 | 1.31 | ||||||||||
including | 295.3 | 295.6 | 0.3 | 30.20 | |||||||||||
TWDDH280 | M Zone | 309.4 | 309.9 | 0.5 | 1.24 | ||||||||||
TWDDH280 | Foot Wall | 324.0 | 331.0 | 7.0 | 0.88 | ||||||||||
TWDDH280 | Foot Wall | 335.0 | 338.1 | 3.1 | 1.64 | ||||||||||
TWDDH280 | Foot Wall | 367.0 | 370.6 | 3.6 | 3.55 | ||||||||||
TWDDH280 | Foot Wall | 384.0 | 385.0 | 1.0 | 2.79 | ||||||||||
TWDDH281 | Hanging Wall | 60.0 | 63.0 | 3.0 | 0.84 | ||||||||||
TWDDH281 | Hanging Wall | 67.5 | 71.0 | 3.5 | 1.31 | ||||||||||
TWDDH281 | M Zone | 87.0 | 89.0 | 2.0 | 1.34 | ||||||||||
TWDDH281 | Foot Wall | 98.0 | 106.0 | 8.0 | 0.77 | ||||||||||
TWDDH281 | foot Wall | 198.0 | 199.0 | 1.0 | 1.08 | ||||||||||
TWDDH281 | Foot Wall | 207.0 | 213.0 | 6.0 | 1.03 | ||||||||||
TWDDH281 | Foot Wall | 239.0 | 240.0 | 1.0 | 1.59 | ||||||||||
TWDDH281 | Foot Wall | 272.0 | 275.0 | 3.0 | 9.14 | ||||||||||
including | 273.0 | 274.0 | 1.0 | 26.30 | |||||||||||
TWDDH281 | Foot Wall | 278.0 | 279.0 | 1.0 | 2.02 | ||||||||||
TWDDH282 | Hanging Wall | 47.0 | 49.0 | 2.0 | 1.34 | ||||||||||
TWDDH282 | Hanging Wall | 70.0 | 71.4 | 1.4 | 1.44 | ||||||||||
TWDDH282 | Hanging Wall | 140.0 | 144.0 | 4.0 | 0.74 | ||||||||||
TWDDH282 | Hanging Wall | 196.0 | 197.0 | 1.0 | 1.90 | ||||||||||
TWDDH282 | M Zone | 222.0 | 231.8 | 9.8 | 0.99 | ||||||||||
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.
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.
ABOUT TRADE WINDS VENTURES INC.
Trade Winds Ventures Inc. has been named to the 2011 TSX Venture 50, a
ranking of strong performing companies listed on TSX Venture Exchange.
The 2011 TSX Venture 50 is comprised of ten companies from each of five
sectors; Clean Technology, Mining, Oil & Gas, Diversified Industries,
and Technology & Life Sciences. The 2011 TSX Venture 50 companies were
chosen based on the following criteria, with equal weighting assigned to
each: share price appreciation, trading volume, market capitalization
growth and analyst coverage. TSX Venture 50 is a trade-mark of TSX Inc.
and is used under license.
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.
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