Trade Winds Begins 20,000 Metre Drill Program on Block A
Trade Winds Ventures Inc. (TSX-V: TWD, FSE: TVR) is pleased to
announce the start of the second-half drill program of 2011 on Block A
(2H 2011), located adjacent to Detour Gold′s Detour Lake gold project in
northeastern Ontario. The Joint Venture partners (50% Trade Winds / 50%
Detour Gold) have approved a 20,000 metre (70 holes) drilling program
designed to continue increasing the confidence level of the resource
estimate and testing areas outside the Block A pit shell with the
objective of expanding the known mineral resources. Trade Winds is the
operator of the Joint Venture exploration program.
There are two objectives for this program. Much like the previous 2010
(12,000 metres) and the 1H 2011 (30,000 metres) drill programs, the 2H
2011 program is planned to expand detailed infill drilling and
exploration drilling. Two diamond drill rigs will be utilized from
mid-August 2011 to December 2011 to accomplish this.
A portion of the deposit located between grid lines 15,420E and 15,740E
will be drilled on 40 metre by 40 metre centres to increase the
confidence level of the mineral resource. A total of 54 drill holes,
approximately 77% of the drill program, is planned for this infill
drilling, some of which are in previously untested areas within the
current pit shell. 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.
As part of a continuing program to explore Block A, a total of 16 drill
holes, approximately 23% of the drill program, is planned to test areas
outside the current pit shell. This exploration drilling will focus on
the area west of the North Walter Lake zone. The objective is to test
for mineralization up to 320 metres to the west and extend the pit shell
of the North Walter Lake zone westward. This area is largely untested
and will be drilled on 80 metre by 80 metre centres.
In addition to the drilling program and incorporated as part of the 2H
2011 Joint Venture budget of approximately $6 million, infill sampling
of previously drilled but unsampled core will continue in 2H 2011. It is
anticipated that up to 10,000 metres of previously unsampled drill core
from within the pit shell will be sampled and included, together with
the results from the 1H 2011 and 2H 2011 drilling, in the next block
model and resource estimate update at the end of the 2H 2011 program.
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. The Company 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 the Company to be materially
different from the Company's 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. The Company
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.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS
RELEASE.
Trade Winds Ventures Inc.
Terry McGee, Investor Relations
Toll
Free 866-698-9187 ext 228 or 604-648-6228
Email:info@tradewindsventures.com
Visit
our Website at www.tradewindsventures.com