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TRADE WINDS PROCEEDS WITH NI 43-101 COMPLIANT MINERAL RESOURCE ESTIMATE UPDATE FOR BLOCK A JOINT VENTURE, ONTARIO
Vancouver, BC, July 21, 2008 - Trade Winds Ventures (TSX-V: TWD, FSE: TVR) is pleased to announce that it has retained Watts, Griffis and McOuat ("WGM"), Consulting Geologists and Engineers, of Toronto, Ontario to audit the mineral resource estimate to be completed by Thon Consulting ("Thon") of Smithers, British Columbia and prepare an NI 43-101 compliant mineral resource estimate report for the Block A Property at Detour Lake, Ontario.
Thon will complete an in-house mineral resource estimate for Block A, in a similar manner to its work on the adjacent Detour Lake Project for JV partner Detour Gold Corporation ("DGC"). WGM. as an independent Qualified Person ("QP"), will undertake to audit the block model and estimates completed by Thon as part of an in-pit resource estimation on Block A. In addition, WGM will draw extensively from its experience with Detour Gold's Detour Lake Project and the Golder Associates Ltd. 2006 NI 43-101 report prepared on behalf of Trade Winds for the Block A property.
It is anticipated that preparatory work will begin immediately for compilation of drill hole data and corresponding technical information pertaining to all exploration completed to date, with the commencement of the audit to begin towards mid-August 2008. As well, WGM has been requested to complete a separate assessment of the underground potential of the project. This second phase of analysis would be undertaken following the completion of the mineral resource estimate announcement and NI 43-101 Technical Report to follow within 45 days of its release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Ian D. Lambert, CEO/President (604) 648-6225
Colin Robson, Investor Relations Toll Free (866) 698-9187 ext 231 or (604) 648-6223
Email: info@tradewindsventures.com
Visit our Website at www.tradewindsventures.com This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
WARNING: The Company relies upon litigation protection for "forward-looking" statements.
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