Trade Winds Ventures Inc

Published : May 27th, 2009

Executes Joint Venture With Detour GoldRecieved:

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TRADE WINDS EXECUTES JOINT VENTURE AGREEMENT WITH DETOUR GOLD FOR BLOCK A WEST OF THE DETOUR LAKE PROJECT

Vancouver, BC, April 14, 2009, - Trade Winds Ventures Inc. (TSX-V: TWD, FSE: TVR) ("Trade Winds" or the "Company") is pleased to report that it has entered into a comprehensive Joint Venture Agreement with Detour Gold Corporation (TSX: DGC) for the 50/50 joint venture Block A property located in Northern Ontario.

The new agreement formalizes the operating relationship between the parties, which was previously governed by a binding Letter of Intent, assigned to Detour Gold in January, 2007.

Block A is located west of Detour Gold's wholly owned Detour Lake gold project and east of Trade Winds' adjacent wholly owned Gowest property, approximately 180 kilometres northeast of Cochrane, Ontario. The gold mineralized M Zone structural corridor runs west from Detour Gold's property across Block A onto the Gowest property, with a total strike length of over 4.6 kilometres. Block A has been the subject of an on-going exploration program operated by Trade Winds since late 2003, and includes a total of 602 diamond drill holes, comprising 114,951 metres of drilling completed by Trade Winds during the period 2003 to 2007 and 112,464 metres of drilling completed previously by Placer Dome and other operators.

A National Instrument 43-101 resource estimate was completed by Golder Associates Ltd. in December, 2006. A new independent mineral resource estimate by Watts, Griffis and McOuat Limited ("WGM"), Consulting Geologists and Engineers of Toronto, Canada, compliant with National Instrument 43-101 Standards of Disclosure for Mineral Projects is currently under review by the Joint Venture partners, and which will be published upon completion of the review.

FOR FURTHER INFORMATION PLEASE CONTACT:

Ian D. Lambert, CEO/President (604) 648-6225 or Terry McGee 1-866 698-9187 Ext 228

Email: info@tradewindsventures.com

Visit our Website at www.tradewindsventures.com


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, inflation as well as those factors discussed in the Company's most recent Annual Information Form on file with Canadian provincial securities regulatory authorities. 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.

 

 

 

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Trade Winds Ventures Inc. ~ Suite #1006 1166 Alberni Street ~ Vancouver, BC
Phone: 1-866-698-9187 Ext 223 ~ Fax: 604-288-2436
Email:
info@tradewindsventures.com ~ Web: http://www.tradewindsventures.com

 

 

 

Trade Winds Ventures Inc

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

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

Its main exploration properties are DETOUR LAKE, BIRCH LAKE, GOWEST, TURNER LAKE PROPERTY, TREASURE MOUNTAIN, BLOCK A and DARDANELLES in Canada and SILU and TUOLE 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.

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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...
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8/16/2011(Block A)Begins 20,000 Metre Drill Program on Block A
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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
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