Trade Winds Ventures Inc

Published : July 14th, 2011

Intersects 4.18 g/t gold over 18.4 metres on Block A

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Trade Winds Intersects 4.18 g/t gold over 18.4 metres on Block A

  • 4.18 g/t Au over 18.4 m  and 3.97 g/t Au over 6.3 m in M Zone
  • 1.56 g/t Au over 9.0 m and 0.83 g/t Au over 11.0 m in Foot Wall
  • 1.17 g/t Au over 11.0 m and 2.37 g/t Au over 5.96 m in Hanging Wall
  • Assays of 68.2 g/t Au over 1.03 m and 66.8 g/t Au over 1.0 m in M Zone and 51.0 g/t Au over 1.0 m in footwall

Vancouver, BC, July 14, 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 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 TWDDH291 to TWDDH300.

 

Hanging Wall Zone

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TWDDH-293

 

 

TWDDH-294

 

TWDDH-297

  2.37 g/t Au over 5.96 m

 

2.36 g/t Au over 4.0 m

 

1.17 g/t Au over 11.0 m

1.32 g/t Au over 6.0 m

 

 

 

 

 

 

 

 

 

 

TWDDH-298

 

 

 

 

 

 

2.22 g/t Au over 4.0 m

 

 

M Zone

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TWDDH-291

 

 

TWDDH-292

 

 

TWDDH-294

 

3.97 g/t Au over 6.3 m

 

12.16 g/t Au over 5.97 m

 

4.18 g/t Au over 18.4 m

 

 

 

 

 

 

 

 

 

 

 

TWDDH-295

 

 

TWDDH-298

 

 

TWDDH-299

 

1.78 g/t Au over 6.28 m

 

3.25 g/t Au over 6.0 m

 

3.58 g/t Au over 4.14 m

 

 

 

 

 

 

 

Foot Wall Zone

 

 

 

 

 

 

 

 

 

 

 

TWDDH-293

 

TWDDH-295

 

TWDDH-300

0.83 g/t Au over 11.0 m

 

0.81 g/t Au over 7.0 m

 

1.37 g/t Au over 8.0 m

1.61 g/t Au over 4.89 m

 

 

 

2.93 g/t Au over 4.0 m

 

 

 

 

1.56 g/t Au over 9.0 m

 

Additional results are listed at end of press release.

The winter 2011 drill program began on January 5th, 2011 was completed on May 2nd, 2011 with 72 Diamond drill holes completed (including 3 abandoned drill holes) with a total of 29,756.5 metres drilled. One planned drill hole was not completed due to ground conditions. Core logging and sampling was completed by the end of June.

Similar to the 2010 program, the 2011 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 2011 winter program targeted regions with spacing greater than 80 metres within the pit area. A total of 53 drill holes, approximately 76% of the winter 2011 drill program, were drilled on 40 metre by 40 metre centres to increase the confidence level of the mineral resources. 

 

Drill Hole

Zone

From
metres

To
metres

Length
metres

Grade
g/t Au
uncut

Single or
Composite
Sample

TWDDH291

Hanging Wall

18.00

22.00

4.00

0.56

C

TWDDH291

Hanging Wall

52.33

55.44

3.11

0.89

C

TWDDH291

Hanging Wall

122.76

125.00

2.24

1.40

C

TWDDH291

M Zone

140.52

146.82

6.30

3.97

C

including

M Zone

140.52

142.32

1.80

7.97

S

TWDDH291

Foot Wall

156.00

157.00

1.00

1.47

S

TWDDH291

Foot Wall

213.00

215.84

2.84

0.64

C

TWDDH291

Foot Wall

219.00

220.00

1.00

1.10

S

TWDDH291

Foot Wall

399.00

402.00

3.00

1.02

C

TWDDH292

Hanging Wall

32.82

34.00

1.18

6.29

C

TWDDH292

Hanging Wall

55.63

57.00

1.37

2.26

S

TWDDH292

M Zone

75.00

76.00

1.00

1.00

S

TWDDH292

M Zone

91.00

92.00

1.00

3.91

S

TWDDH292

M Zone

99.00

104.97

5.97

12.16

C

including

M Zone

100.00

101.03

1.03

68.20

S

TWDDH292

Foot Wall

128.19

128.76

0.57

1.52

S

TWDDH292

Foot Wall

297.00

298.00

1.00

6.13

S

TWDDH293

Hanging Wall

36.04

42.00

5.96

2.37

C

including

Hanging Wall

38.00

38.50

0.50

20.80

S

TWDDH293

Hanging Wall

53.62

54.00

0.38

1.28

S

TWDDH293

Hanging Wall

80.00

80.29

0.29

1.33

S

TWDDH293

Hanging Wall

87.00

88.00

1.00

2.12

S

TWDDH293

Hanging Wall

91.00

93.00

2.00

2.10

C

TWDDH293

Hanging Wall

102.00

104.00

2.00

0.64

C

TWDDH293

Hanging Wall

107.00

113.00

6.00

1.32

C

TWDDH293

Hanging Wall

129.00

134.00

5.00

0.73

C

TWDDH293

Foot Wall

162.05

166.00

3.95

1.03

C

TWDDH293

Foot Wall

228.00

232.00

4.00

2.70

C

TWDDH293

Foot Wall

247.00

258.00

11.00

0.83

C

TWDDH293

Foot Wall

264.00

269.00

5.00

0.86

C

TWDDH293

Foot Wall

284.00

285.00

1.00

2.17

S

TWDDH293

Foot Wall

292.82

294.00

1.18

7.68

S

TWDDH293

Foot Wall

322.00

323.00

1.00

2.13

S

TWDDH293

Foot Wall

329.70

334.59

4.89

1.61

C

TWDDH294

Hanging Wall

36.35

37.14

0.79

1.11

S

TWDDH294

Hanging Wall

81.00

85.00

4.00

2.36

C

TWDDH294

Hanging Wall

146.18

146.53

0.35

1.55

S

TWDDH294

Hanging Wall

208.75

209.61

0.86

10.90

S

TWDDH294

M Zone

240.64

259.04

18.40

4.18

C

including

M Zone

252.00

253.00

1.00

66.80

S

TWDDH295

Hanging Wall

34.00

34.29

0.29

9.46

S

TWDDH295

Hanging Wall

44.00

45.00

1.00

1.02

S

TWDDH295

Hanging Wall

47.82

48.32

0.50

8.28

S

TWDDH295

Hanging Wall

64.00

67.00

3.00

3.93

C

TWDDH295

Hanging Wall

72.00

73.00

1.00

3.83

S

TWDDH295

Hanging Wall

77.48

78.00

0.52

1.97

S

TWDDH295

Hanging Wall

106.00

108.00

2.00

0.92

C

TWDDH295

M Zone

114.24

117.03

2.79

1.14

C

TWDDH295

M Zone

121.72

128.00

6.28

1.78

C

TWDDH295

Foot Wall

138.00

140.92

2.92

0.78

C

TWDDH295

Foot Wall

163.00

164.00

1.00

1.27

S

TWDDH295

Foot Wall

198.00

200.00

2.00

1.67

C

TWDDH295

Foot Wall

238.22

240.00

1.78

0.98

C

TWDDH295

Foot Wall

245.00

246.00

1.00

1.23

S

TWDDH295

Foot Wall

260.00

267.00

7.00

0.81

C

TWDDH295

Foot Wall

374.43

376.00

1.57

4.22

C

TWDDH296

Hanging Wall

53.00

54.00

1.00

1.97

C

TWDDH296

M Zone

84.29

86.08

1.79

0.80

S

TWDDH296

M Zone

90.64

92.00

1.36

3.10

S

TWDDH296

M Zone

94.78

96.00

1.22

8.91

S

TWDDH296

M Zone

113.00

115.00

2.00

0.73

C

TWDDH296

M Zone

123.80

126.00

2.20

1.44

C

TWDDH296

Foot Wall

147.62

148.49

0.87

3.17

S

TWDDH297

Hanging Wall

20.00

21.00

1.00

1.05

S

TWDDH297

Hanging Wall

51.00

52.29

1.29

4.47

S

TWDDH297

Hanging Wall

80.00

81.00

1.00

1.32

S

TWDDH297

Hanging Wall

111.00

122.00

11.00

1.17

C

TWDDH297

Hanging Wall

135.96

136.27

0.31

1.88

S

TWDDH297

Hanging Wall

171.34

172.00

0.66

1.02

S

TWDDH297

M Zone

219.00

219.89

0.89

1.03

S

TWDDH297

M Zone

222.78

223.80

1.02

1.71

S

TWDDH297

M Zone

228.00

229.27

1.27

1.14

S

TWDDH297

Foot Wall

235.93

237.00

1.07

9.36

S

TWDDH297

Foot Wall

246.00

247.00

1.00

1.21

S

TWDDH297

Foot Wall

255.00

256.00

1.00

1.68

S

TWDDH298

Hanging Wall

45.00

49.00

4.00

2.22

C

TWDDH298

M Zone

59.00

65.00

6.00

3.25

C

TWDDH298

M Zone

78.37

79.00

0.63

11.90

S

TWDDH298

Foot Wall

94.00

95.00

1.00

2.90

S

TWDDH298

Foot Wall

140.00

140.90

0.90

2.40

S

TWDDH298

Foot Wall

174.00

175.00

1.00

51.00

S

TWDDH298

Foot Wall

182.00

183.00

1.00

2.53

S

TWDDH298

Foot Wall

214.00

215.00

1.00

1.33

S

TWDDH299

M Zone

91.00

95.14

4.14

3.58

C

TWDDH299

M Zone

119.00

120.22

1.22

1.42

S

TWDDH299

M Zone

128.00

129.96

1.96

1.11

C

TWDDH299

M Zone

132.42

134.39

1.97

1.89

C

TWDDH299

Foot Wall

205.73

206.78

1.05

1.20

S

TWDDH300

Hanging Wall

36.00

37.00

1.00

1.08

S

TWDDH300

Hanging Wall

42.00

43.00

1.00

0.8

S

TWDDH300

Hanging Wall

68.00

69.00

1.00

2.61

S

TWDDH300

M Zone

79.00

90.00

11.00

0.7

C

TWDDH300

M Zone

94.09

95.18

1.09

11.72

S

TWDDH300

Foot Wall

99.00

107.00

8.00

1.37

C

TWDDH300

Foot Wall

116.00

120.00

4.00

2.93

C

TWDDH300

Foot Wall

124.00

125.25

1.25

1.43

S

TWDDH300

Foot Wall

132.00

133.00

1.00

1.21

S

TWDDH300

Foot Wall

134.00

137.23

3.23

0.92

C

TWDDH300

Foot Wall

138.81

139.36

0.55

1.01

S

TWDDH300

Foot Wall

239.00

240.00

1.00

3.31

S

TWDDH300

Foot Wall

272.00

273.00

1.00

1.41

S

TWDDH300

Foot Wall

280.00

289.00

9.00

1.56

C

TWDDH300

Foot Wall

372.00

376.00

4.00

0.78

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 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, TREASURE MOUNTAIN, GOWEST, TURNER LAKE PROPERTY, 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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d Share Capital and Voting Rights for Lundin Mining
CA$ 7.10+1.72%Trend Power :
Canarc Res.(Au)CCM.TO
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CA$ 0.24-5.77%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.35+1.45%Trend Power :
Uranium Res.(Ur)URRE
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US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
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Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
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Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
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Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
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