TRADE WINDS EXECUTES JOINT VENTURE
AGREEMENT WITH DETOUR GOLD FOR BLOCK A WEST OF THE DETOUR LAKE
PROJECT
Vancouver, BC,
April 14, 2009, - Trade Winds Ventures Inc. (TSX-V: TWD, FSE: TVR)
("Trade Winds" or the "Company") is pleased to
report that it has entered into a comprehensive Joint Venture
Agreement with Detour Gold Corporation (TSX: DGC) for the 50/50 joint
venture Block A property located in Northern Ontario.
The new agreement
formalizes the operating relationship between the parties, which was
previously governed by a binding Letter of Intent, assigned to Detour
Gold in January, 2007.
Block A is
located west of Detour Gold's wholly owned Detour Lake gold project
and east of Trade Winds' adjacent wholly owned Gowest property,
approximately 180 kilometres northeast of Cochrane, Ontario. The gold
mineralized M Zone structural corridor runs west from Detour Gold's
property across Block A onto the Gowest property, with a total strike
length of over 4.6 kilometres. Block A has been the subject of an
on-going exploration program operated by Trade Winds since late 2003,
and includes a total of 602 diamond drill holes, comprising 114,951
metres of drilling completed by Trade Winds during the period 2003 to
2007 and 112,464 metres of drilling completed previously by Placer
Dome and other operators.
A National
Instrument 43-101 resource estimate was completed by Golder
Associates Ltd. in December, 2006. A new independent mineral resource
estimate by Watts, Griffis and McOuat Limited ("WGM"),
Consulting Geologists and Engineers of Toronto, Canada, compliant
with National Instrument 43-101 Standards of Disclosure for Mineral
Projects is currently under review by the Joint Venture partners, and
which will be published upon completion of the review.
FOR FURTHER
INFORMATION PLEASE CONTACT:
Ian D. Lambert,
CEO/President (604) 648-6225 or Terry McGee 1-866 698-9187 Ext 228
Email: info@tradewindsventures.com
Visit our Website at www.tradewindsventures.com
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, inflation as well as
those factors discussed in the Company's most recent Annual
Information Form on file with Canadian provincial securities
regulatory authorities. 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.
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