- 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 |
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TWDDH-301 |
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TWDDH-312 |
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TWDDH-314 |
4.24 g/t Au over 9.0 m |
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0.99 g/t Au over 12.9 m |
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1.92 g/t Au over 9.0 m |
1.15 g/t Au over 11.2 m |
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2.89 g/t Au over 12.0 m |
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TWDDH-313 |
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1.06 g/t Au over 11.0 m |
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M Zone |
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TWDDH-301 |
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TWDDH-302 |
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TWDDH-303 |
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3.08 g/t Au over 20.8 m |
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10.34 g/t Au over 3.9 m |
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3.17 g/t Au over 4.5 m |
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TWDDH-304 |
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TWDDH-309 |
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TWDDH-314 |
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7.18 g/t Au over 8.9 m |
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0.9 g/t Au over 21.0 m |
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0.95 g/t Au over 26.4 m |
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Foot Wall Zone |
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TWDDH-303 |
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TWDDH-314 |
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TWDDH-313 |
0.89 g/t Au over 8.0 m |
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1.30 g/t Au over 9.7 m |
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2.19 g/t Au over 8.1 m |
0.95 g/t Au over 5.2 m |
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1.91 g/t Au over 10.6 m |
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2.81 g/t Au over 7.0 m
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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
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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 |
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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 |
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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 |
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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 |
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TWDDH305 |
No Significant samples, outside pit area |
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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 |
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TWDDH307 |
Hanging Wall |
109.0 |
110.0 |
1.0 |
0.80 |
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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 |
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Abandoned at 208 metres - did not reach M Zone |
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TWDDH308 |
Foot Wall |
451.0 |
452.0 |
1.0 |
1.72 |
S |
TWDDH308 |
Foot Wall |
458.0 |
464.4 |
6.4 |
0.85 |
C |
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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 |
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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 |
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TWDDH311 |
No Significant Assays, outside pit area |
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|
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 |
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|
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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 |
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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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