Trade Winds Ventures Inc

Published : August 22nd, 2011

Intersects 3.08 g/t gold over 20.8 metres on Block A

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Keywords :   Diamond | Gold | Growth | K Street | Market | Oil | Recovery | Storage |

Trade Winds Intersects 3.08 g/t gold over 20.8 metres on Block A

  • 3.08 g/t Au over 20.8 m and 0.95 g/t Au over 26.4 m in M Zone
  • 1.91 g/t Au over 10.6 m and 2.81 g/t Au over 7.0 m in Foot Wall
  • 2.89 g/t Au over 12.0 m and 4.24 g/t Au over 9.0 m in Hanging Wall
  • Assays of 62.5 g/t Au over 0.7 m and 39.6 g/t Au over 0.8 m in M Zone and 49.0 g/t Au over 1.0 m in Hanging wall

Vancouver, BC, August 22, 2011 - 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 1H 2011 drilling program of 69 drill holes totaling 29,756.5 metres was completed on May 2, 2011. Trade Winds is the operator of the Joint Venture exploration program.

Shown below are the significant mineralized (uncut) sections intersected in Diamond drill holes TWDDH301 to TWDDH314.


Hanging Wall Zone

TWDDH-301

TWDDH-312

TWDDH-314

4.24 g/t Au over 9.0 m

0.99 g/t Au over 12.9 m

1.92 g/t Au over 9.0 m

1.15 g/t Au over 11.2 m

2.89 g/t Au over 12.0 m

TWDDH-313

1.06 g/t Au over 11.0 m

M Zone

TWDDH-301

TWDDH-302

TWDDH-303

3.08 g/t Au over 20.8 m

10.34 g/t Au over 3.9 m

3.17 g/t Au over 4.5 m

TWDDH-304

TWDDH-309

TWDDH-314

7.18 g/t Au over 8.9 m

0.9 g/t Au over 21.0 m

0.95 g/t Au over 26.4 m

Foot Wall Zone

TWDDH-303

TWDDH-314

TWDDH-313

0.89 g/t Au over 8.0 m

1.30 g/t Au over 9.7 m

2.19 g/t Au over 8.1 m

0.95 g/t Au over 5.2 m

1.91 g/t Au over 10.6 m

2.81 g/t Au over 7.0 m


Additional results are listed at end of press release.

The 1H 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. Core and logging sampling was completed by the end of June.


Similar to the 2010 drilling program, this 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 2010 and 1H 2011 programs targeted data gap regions with spacing greater than 80 metres within the pit area, detailed drilling at 40 metre centres and exploration within 320 metres of the current pit outline.  A total of 53 drill holes, approximately 77% of the 1H 2011 drill program, were drilled to increase the confidence level of the mineral resources within the current $1,000 Au pit area.  Holes TWDDH 309 and 314 were drilled in the untested north area within the pit shell that is currently classified as waste rock, and holes TWDDH 301, 303, 306, 310, 312 and 313 were within the pit area to infill drill data gaps.

A total of 16 drill holes, approximately 23% of the drill program, tested areas outside the current pit shell.  This exploration drilling focused on areas up to 320 metres west of the current pit shell to extend the previously untested near-surface area of the M Zone (including holes TWDDH 302, 304 and 307), on the north side between the M Zone and the North Walter Lake zone, and to the south of the current pit shell (holes TWDDH 305, 308 and 311).

Drill Hole

Zone

From
metres

To
metres

Length
metres

Grade
g/t Au
uncut

Single or"
Composite
Sample

TWDDH301

Hanging wall

38.0

39.0

1.0

2.37

S

TWDDH301

Hanging Wall

54.0

63.0

9.0

4.24

C

TWDDH301

Hanging Wall

69.1

80.3

11.2

1.15

C

TWDDH301

M Zone

112.0

114.9

2.9

0.96

C

TWDDH301

M Zone

124.3

145.1

20.8

3.08

C

TWDDH301

including

137.0

138.0

1.0

20.69

S

TWDDH301

Foot Wall

184.4

185.0

0.7

2.67

S

TWDDH301

Foot Wall

208.0

209.0

1.0

1.15

S

TWDDH301

Foot Wall

214.0

215.0

1.0

0.92

S

TWDDH301

Foot Wall

235.0

237.0

2.0

1.02

C

TWDDH301

Foot Wall

277.3

278.0

0.8

0.93

S

TWDDH302

M Zone

115.0

118.0

3.0

0.99

C

TWDDH302

M Zone

125.7

129.6

3.9

10.34

C

TWDDH302

including

127.6

128.5

0.8

39.60

S

TWDDH302

Foot Wall

138.7

139.5

0.8

10.20

S

TWDDH303

M Zone

33.5

38.0

4.5

3.17

C

TWDDH303

M Zone

46.0

50.8

4.8

1.22

C

TWDDH303

Foot Wall

61.0

63.0

2.0

2.52

C

TWDDH303

Foot Wall

78.0

79.0

1.0

1.68

S

TWDDH303

Foot Wall

82.4

83.0

0.6

1.25

S

TWDDH303

Foot Wall

91.0

92.0

1.0

3.63

S

TWDDH303

Foot Wall

115.7

120.0

4.4

0.81

C

TWDDH303

Foot Wall

153.0

158.2

5.2

0.95

C

TWDDH303

Foot Wall

161.0

169.0

8.0

0.89

C

TWDDH303

Foot Wall

204.0

205.0

1.0

0.99

S

TWDDH303

Foot Wall

208.0

209.0

1.0

1.18

S

TWDDH304

Hanging Wall

113.1

114.0

0.9

0.98

S

TWDDH304

M Zone

159.9

164.3

4.4

1.64

C

TWDDH304

M Zone

173.7

182.6

8.9

7.18

C

TWDDH304

including

174.9

175.6

0.7

62.50

S

TWDDH304

Footwall

207.0

207.9

0.9

1.93

S

TWDDH305

No Significant samples, outside pit area

TWDDH306

Hanging Wall

53.0

54.0

1.0

2.35

S

TWDDH306

Hanging Wall

67.0

69.0

2.0

1.20

C

TWDDH306

Hanging Wall

78.0

79.0

1.0

1.81

S

TWDDH306

Hanging Wall

179.0

180.0

1.0

30.60

S

TWDDH306

Hanging Wall

216.4

218.0

1.6

12.54

C

TWDDH306

including

217.0

218.0

1.0

17.00

S

TWDDH306

M Zone

225.4

229.0

3.6

0.91

C

TWDDH306

Foot Wall

247.9

252.0

4.2

0.93

C

TWDDH306

Foot Wall

293.7

294.0

0.3

0.97

S

TWDDH307

Hanging Wall

109.0

110.0

1.0

0.80

TWDDH307

Hanging Wall

115.0

116.0

1.0

10.30

S

TWDDH307

Hanging Wall

194.0

195.0

1.0

0.81

S

TWDDH307

Hanging Wall

198.1

199.0

0.9

0.86

S

Abandoned at 208 metres - did not reach M Zone

TWDDH308

Foot Wall

451.0

452.0

1.0

1.72

S

TWDDH308

Foot Wall

458.0

464.4

6.4

0.85

C

TWDDH309

Hanging Wall

57.0

58.0

1.0

0.88

S

TWDDH309

Hanging Wall

66.0

68.0

2.0

1.06

C

TWDDH309

Hanging Wall

77.0

77.9

0.9

1.05

S

TWDDH309

Hanging Wall

120.2

120.7

0.5

1.19

S

TWDDH309

Hanging Wall

156.0

158.3

2.3

0.95

C

TWDDH309

Hanging Wall

175.0

181.6

6.6

1.05

C

TWDDH309

Hanging Wall

213.0

215.0

2.0

1.33

C

TWDDH309

Hanging Wall

296.0

297.0

1.0

3.21

S

TWDDH309

Hanging Wall

328.4

330.0

1.6

4.33

C

TWDDH309

Hanging Wall

337.0

340.0

3.0

6.35

C

TWDDH309

including

337.0

338.0

1.0

16.30

S

TWDDH309

Hanging Wall

385.0

386.0

1.0

2.18

S

TWDDH309

M Zone

403.5

404.0

0.5

2.82

S

TWDDH309

M Zone

410.0

431.0

21.0

0.90

C

TWDDH309

M Zone

433.9

437.3

3.3

1.44

C

TWDDH310

Hanging  Wall

195.0

195.3

0.3

12.50

S

TWDDH310

Hanging  Wall

199.0

200.0

1.0

2.35

S

TWDDH310

Hanging  Wall

223.0

224.0

1.0

1.65

S

TWDDH310

Hanging  Wall

247.0

248.0

1.0

1.07

S

TWDDH310

Hanging  Wall

256.0

257.0

1.0

1.48

S

TWDDH310

M Zone

272.5

273.0

2.6

0.91

C

TWDDH310

M Zone

297.0

297.8

0.8

1.89

S

TWDDH310

Foot Wall

302.0

303.0

1.0

0.87

S

TWDDH310

Foot Wall

369.0

370.2

1.2

1.22

C

TWDDH310

Foot Wall

381.0

383.0

2.0

1.15

C

TWDDH310

Foot Wall

389.0

390.1

1.1

1.51

C

TWDDH310

Foot Wall

400.7

401.0

0.3

0.97

S

TWDDH310

Foot Wall

422.0

423.0

1.0

0.85

S

TWDDH310

Foot Wall

445.0

446.0

1.0

1.28

S

TWDDH311

No Significant Assays, outside pit area

TWDDH312

Hanging Wall

17.0

18.0

1.0

1.52

S

TWDDH312

Hanging  Wall

49.0

61.9

12.9

0.99

C

TWDDH312

M Zone

75.0

79.0

4.0

0.77

C

TWDDH312

Foot Wall

90.0

91.0

1.0

0.90

S

TWDDH312

Foot Wall

122.3

125.6

3.4

1.34

C

TWDDH312

Foot Wall

161.7

162.7

1.0

5.21

S

TWDDH313

Hanging Wall

73.0

77.0

4.0

5.48

C

TWDDH313

Hanging Wall

103.0

104.0

1.0

1.75

S

TWDDH313

Hanging Wall

121.0

122.5

1.5

15.82

C

TWDDH313

including

121.8

122.5

0.7

30.3

S

TWDDH313

Hanging Wall

128.0

131.0

3.0

1.18

C

TWDDH313

Hanging Wall

146.7

148.0

1.3

3.53

C

TWDDH313

Hanging Wall

177.0

180.0

3.0

3.99

C

TWDDH313

Hanging Wall

201.0

212.0

11.0

1.06

C

TWDDH313

Foot Wall

241.0

243.7

2.7

1.78

C

TWDDH313

Foot Wall

269.6

270.0

0.5

1.65

S

TWDDH313

Foot Wall

293.7

294.0

0.4

1.04

S

TWDDH313

Foot Wall

327.0

335.1

8.1

2.19

C

TWDDH313

Foot Wall

337.0

338.0

1.0

2.21

S

TWDDH313

Foot Wall

345.0

349.4

4.4

1.67

C

TWDDH313

Foot Wall

356.0

357.0

1.0

1.19

S

TWDDH313

Foot Wall

391.0

392.0

1.0

3.03

S

TWDDH313

Foot Wall

402.0

405.0

3.0

1.27

C

TWDDH313

Foot Wall

410.0

411.0

1.0

0.9

S

TWDDH313

Foot Wall

423.0

429.0

6.0

0.84

C

TWDDH313

Foot Wall

434.0

444.6

10.6

1.91

C

TWDDH313

Foot Wall

455.0

462.0

7.0

2.81

C

TWDDH314

Hanging Wall

35.7

38.0

2.3

1.55

C

TWDDH314

Hanging Wall

83.0

92.0

9.0

1.92

C

TWDDH314

Hanging Wall

108.0

111.0

3.0

0.84

C

TWDDH314

Hanging Wall

120.0

121.0

1.0

1.62

S

TWDDH314

Hanging Wall

132.4

133.0

0.6

2.46

S

TWDDH314

Hanging Wall

143.0

146.0

3.0

3.03

C

TWDDH314

Hanging Wall

180.0

181.0

1.0

2.13

S

TWDDH314

Hanging Wall

190.0

191.0

1.0

0.94

S

TWDDH314

Hanging Wall

193.4

196.0

2.6

0.77

C

TWDDH314

Hanging Wall

291.0

292.0

1.0

3.08

S

TWDDH314

Hanging Wall

310.0

311.0

1.0

4.08

S

TWDDH314

Hanging Wall

321.0

333.0

12.0

2.89

C

TWDDH314

including

322.0

323.0

1.0

24.9

S

TWDDH314

Hanging Wall

338.0

343.0

5.0

11.12

C

TWDDH314

including

342.0

343.0

1.0

49

S

TWDDH314

Hanging Wall

351.0

352.0

1.0

1.48

S

TWDDH314

Hanging Wall

367.0

368.0

1.0

2.25

S

TWDDH314

Hanging Wall

393.6

396.0

2.5

1.29

C

TWDDH314

Hanging Wall

411.2

415.0

3.8

1.07

C

TWDDH314

M Zone

420.6

447.0

26.4

0.95

C

TWDDH314

M Zone

450.4

452.7

2.3

8.45

C

TWDDH314

including

450.4

450.9

0.5

34.3

S

TWDDH314

M Zone

463.4

464.4

1.0

1

S

TWDDH314

M Zone

471.8

472.2

0.4

1.77

S

TWDDH314

Foot Wall

501.4

511.0

9.7

1.3

C


(True Width is estimated to be between 80-85% of core length)

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.


FOR FURTHER INFORMATION PLEASE CONTACT:

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

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



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.

 

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Copyright � 2011 Trade Winds Ventures, All rights reserved.


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Trade Winds Ventures
1006-1166 Alberni Street
Vancouver, Bc V6E3Z3

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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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1.83 1.90
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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
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Last updated on : 1/23/2010
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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 :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.02+2.33%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
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
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.23+3.19%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.58+1.93%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.10-9.09%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.49+2.05%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$ 7.06+1.22%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26-1.89%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.30+8.16%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$ 2.32+5.94%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 61.56+0.97%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :