Trade Winds Named to 2011 TSX Venture Top 50
Companies - Ranked 9th in Mining
Vancouver,
BC, February 15, 2011 - Trade Winds Ventures Inc. (TSX-V: TWD, FSE:
TVR) (�Trade Winds� ) is pleased announce that it 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.
According
to TSX Venture statistics, Trade Winds experienced a 607% growth in
capitalization during 2010, and achieved the second highest trading
volume of the top ten Mining sector companies, trading over 155 million
shares during 2010.
John
McCoach, President, TSX Venture Exchange,
said "Our market provides a unique growth opportunity for early
stage companies, and we are very pleased to celebrate the success of
these issuers."
An
event will be held March 31, 2011 to celebrate the 2011 TSX Venture 50.
Awards will be presented to the Top 50 companies, and brief
presentations will be made by representatives from the top company in
each sector. The event will also feature a panel of sector analysts who
will discuss recent industry trends. The event will conclude with a
networking reception.
Ian
Lambert, CEO and President of Trade Winds, stated �We are honoured to be recognized in this way by the TSX
Venture Exchange, and look forward to continuing to further enhance
value for our shareholders as we advance our gold project on the Detour
Lake Block A property toward feasibility.�
About TMX Group (TSX-X)
TMX
Group's key subsidiaries operate cash and derivative markets for
multiple asset classes including equities, fixed income and energy.
Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange,
Natural Gas Exchange, Boston Options Exchange (BOX), Shorcan, Equicom and
other TMX Group companies provide trading markets, clearing facilities,
data products and other services to the global financial community. TMX
Group is headquartered in Toronto with offices in Montreal, Calgary and
Vancouver. For more information about TMX Group, visit their website at
www.tmx.com.
ABOUT TRADE WINDS VENTURES INC.
Trade
Winds Ventures Inc. is a Canadian gold exploration and development
company 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. Currently, a 30,000 metre
drill program is underway on Block A. The latest in-pit mineral
resource estimate announced December 30, 2010 as prepared by WGM is
shown in the table below.
US$1,000 Pit Mineral Resource
Estimate for Block A (100%) at a cut-off of 0.4 g/t Au
|
Resource Category
|
Tonnes
|
Grade Capped
|
Gold Ounces
|
|
(millions)
|
(g/t Au)
|
(000�s)
|
Indicated
|
70.8
|
0.85
|
1,924
|
Inferred
|
27.3
|
0.87
|
762
|
The
parameters and methodology utilized to produce this mineral resource
estimate are described in Trade Winds� December 30, 2010 press release.
The material in this news release has been 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
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. 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.
Information Concerning Estimates of Mineral Resources
This
news release uses the terms 'indicated' and 'inferred' resources. The
Company advises investors that although these terms are recognized and
required by Canadian regulations (under NI 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 NI 43-101.
Investors are cautioned not to assume that part or all of an inferred
resource exists, or is economically or legally mineable.
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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