Trade Winds Announces Preliminary
Metallurgical Study
Vancouver, BC, July 7, 2010, - Trade Winds Ventures Inc. (TSX-V:
TWD, FSE: TVR) ("Trade Winds" or the "Company") is
pleased announce that SGS Minerals Services ("SGS") of
Lakefield, Ontario has been engaged to provide a preliminary
metallurgical study 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 study was designed and will be supervised by Mr. Andy Holloway,
Senior Associate Process Engineer of Watts, Griffis and McOuat
("WGM"). Samples from the 2010 winter drill program have been
submitted to SGS and testwork is expected to commence shortly. The
study will include:
- Chemical
characterization by multi-element ICP Scan
- Ball mill
grindability assessment (Bond)
- Preliminary
gravity separation tests
- Scoping level
bottle roll cyanidation tests
Results of this study are expected to be finalized prior to October
2010 and will provide preliminary estimates of process plant gold
extraction rate (or metallurgical recovery) for the Block A
mineralization to be used in the NI 43-101 technical update planned for
the second half of 2010.
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 to the feasibility study stage. The Block A 50% JV 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 reports on Block A and
Gowest properties by WGM delineated a total indicated mineral resource
of 2,010,711 ounces of gold and an inferred resource of 2,004,585
ounces of gold (includes the 50% portion to Detour Gold on Block A).
Contained within this total resource is the in-pit mineral resource
estimate shown in the table below.
In-pit Mineral Resource
Estimate for Block A (100%) at a Cut-off Grade of 0.5 g/t Au
|
Resource Category
|
Tonnes
|
Grade Capped
|
Gold Ounces
|
|
(millions)
|
(g/t Au)
|
(000's)
|
Indicated
|
36.4
|
1.02
|
1,200
|
Inferred
|
8.3
|
1.04
|
277
|
The parameters and methodology utilized to produce this resource
estimate are described in Trade Winds' May 26, 2009 press release and
the July 9, 2009 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Ian D. Lambert, CEO/President
(604) 648-6225
Email: info@tradewindsventures.com
Visit our Website at www.tradewindsventures.com
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.
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