Trade Winds Ventures Inc

Published : March 31st, 2011

Announces Initial Results of 2011 Drilling on Block A

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  



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

Vancouver, BC, March 31, 2011 - 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




1.08 g/t Au over 7.0 m

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



3.47 g/t Au over 15.4 m

2.68 g/t Au over 8.3 m

Foot Wall Zone




0.79 g/t over Au 8.0 m

1.22 g/t Au over 6.0 m

0.99 g/t over 7.0 m




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:

Click Here To View - Current Results from Block A � Winter 2011 Drill Program

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.


Trade Winds Ventures Inc. is a Canadian gold exploration and development company 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


Grade Capped

Gold Ounces


(g/t Au)










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.


Ian D. Lambert, CEO/President (416) 840-9843

Terry McGee, Investor Relations Toll Free (866) 698-9187 ext 228 or (604) 648-6228

Email: Visit our Website at

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

Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

Trade Winds is a gold and copper exploration company based in Canada.

Trade Winds holds various exploration projects in Canada and in China.


Trade Winds is listed in Canada and in United States of America. Its market capitalisation is CA$ 168.8 millions as of today (US$ 127.4 millions, € 113.7 millions).

Its stock quote reached its lowest recent point on October 24, 2008 at CA$ 0.01, and its highest recent level on April 04, 2014 at CA$ 4.75.

Trade Winds has 93 240 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
Annual reports of Trade Winds Ventures Inc
2007 Annual Report
Project news of Trade Winds Ventures Inc
8/22/2011(Block A)Intersects 3.08 g/t gold over 20.8 metres on Block A
7/14/2011(Block A)Intersects 4.18 g/t gold over 18.4 metres on Block A
5/5/2011(Block A)Trade Winds Ventures Completes Preliminary Metallurgical St...
3/31/2011(Block A)Announces Initial Results of 2011 Drilling on Block A
2/16/2011(Block A)Files Updated NI 43-101 Technical Report for Block A on SED...
2/3/2011(Block A)Reports Assays from Previously Unsampled Core from its Drill...
7/7/2010(Block A)Announces Preliminary Metallurgical Study
1/19/2010(Block A)Begins 2010 Drill Program on Block ARecieved:
12/15/2009(Block A) Plans 2010 Drilling On Block A Recieved:
5/28/2009(Block A)Completes Updated Mineral Resource EstimateRecieved:
5/27/2009(Detour Lake)Executes Joint Venture With Detour GoldRecieved:
9/19/2008Files NI 43-101 Report for Silu Lead-Zinc Property in China
7/22/2008(Detour Lake)Proceeds with NI 43-101
10/2/2007Intersects High Grade Gold, 120.83 grams/tonne over 1.50 met...
Corporate news of Trade Winds Ventures Inc
9/17/2015Bedrocan Canada and Tweed announce multi-centre longitudinal...
9/15/2015Tweed Looks to Control Nearly Half of Canadian Cannabis Mark...
9/4/2015Tweed Launches Community Engagement Centres and Acquires Int...
8/31/2015Tweed Marijuana Inc. Completes Acquisition of bedrocan Canna...
8/28/2015Tweed Quarterly Conference Call Details
8/27/2015Bedrocan Receives Additional License Capacity from Health Ca...
8/24/2015Bedrocan Announces Shareholder Approval of Plan of Arrangeme...
8/24/2015Bedrocan Domestic Production Facility Is Fully-Licensed by H...
8/20/2015Tweed Commences Cannabis Extraction, Provides Corporate Upda...
7/28/2015Bedrocan Receives Health Canada Approval to Sell Domesticall...
7/8/2015Tweed Updates Oil Extraction Efforts and Latest Product Offe...
7/8/2015Abba Medix Builds a Diversified Business
4/8/2015Testing the Limits: DigiPath Labs Targets Booming Nevada MMJ...
4/2/2015Tweed Marijuana grants stock options
4/1/2015April 1 Alert: Tweed R&D Discovers Exciting Genetic Mutation
3/25/2015Tweed Marijuana Inc. Announces Partial Exercise of Over-Allo...
3/17/2015Tweed Marijuana Inc. Closes $20 Million Bought Deal Financin...
2/26/2015Tweed Marijuana Inc. Releases Full Q4 Financials and Provide...
2/23/2015Canadian regulators warn on medical marijuana disclosures
2/20/2015Tweed Installs Aeroponics Pilot Project with Indoor Harvest
2/18/2015Tweed Marijuana releases key fourth quarter summary and prov...
2/10/2015Tweed and Canabo Medical Corporation Launch Collaborative Re...
1/26/2015Cannabix Provides Alternative to Costly Drug Detection Tacti...
1/5/2015Tweed Marijuana Inc. announces second license renewal and ma...
12/12/2014Canadian medical marijuana company PharmaCan to go public ne...
12/11/2014Tweed Provides Support to The Canadian AIDS Society
11/26/2014Tweed Marijuana Inc. Q3 Results and Operational Highlights
11/20/2014Enertopia Provides Footage of Planned MMPR Facility
11/19/2014Tweed announces license renewal
8/16/2011(Block A)Begins 20,000 Metre Drill Program on Block A
7/29/2011Analysis on Trade Winds Ventures TWD: TSX.V - TWDIF: OTC fro...
5/2/2011(Block A)Completes Preliminary Metallurgical Study on Block A
2/21/2011(Block A)Named to 2011 TSX Venture Top 50 Companies - Ranked 9th in M...
11/21/2008' Thanks You for Attending Online Presentation
8/12/2008Company Update
7/16/2008To Begin Exploration on BC Projects
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
CA$ 1.81
09/21 15:59 -0.020
Prev close Open
1.83 1.90
Low High
1.80 1.90
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  1.81 -%
Volume 1 month var.
203,340 -%
24hGold TrendPower© : -11
Explores for Copper - Gold
Interactive chart Add to compare
Print Compare Export
Last updated on : 1/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
announces expected non-cash impairment
AU$ 7.62-0.13%Trend Power :
Oceana Gold(Au)OGC.AX
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
US$ 7.27-0.68%Trend Power :
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
Reduced Funding Requirement
GBX 0.67+6.35%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+30.00%Trend Power :
Closes Bridge Loan Financing
CA$ 2.13-0.47%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 9.41-3.59%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.22+0.00%Trend Power :
Q A April 2017 Quarterly Report
AU$ 0.24-2.04%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.44-4.64%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 46.69-0.13%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
2nd Quarter Report
AU$ 0.02+0.00%Trend Power :