Trade Winds Reports Assays from Previously
Unsampled Core from its Drilling Campaigns
Vancouver,
BC, February 3, 2011- Trade Winds Ventures Inc. (TSX-V: TWD, FSE: TVR)
is pleased to announce the initial results from the sampling program of
unassayed core from previous drilling programs in and near the M Zone
deposit pit shell on Block A, which is located adjacent to Detour
Gold�s Detour Lake gold project in northeastern Ontario that now
contains mineral reserves of 14.9 million ounces of gold. The Joint
Venture partners (50% Trade Winds / 50% Detour Gold) have approved a
program to assay core that was not previously sampled in previous
drilling campaigns by Trade Winds. Trade Winds is the operator of the
Joint Venture exploration program.
Sampling of Unassayed Core
Since the completion of the 2010 drill program, Trade Winds has
undertaken a program of relocation and permanent storage of core and
pulps, together with commencing sampling of up to 13,000 metres of
previously drilled core in and near the pit shells that has not yet
been sampled or assayed. The total sampling program consists of various
sections of 141 previously drilled holes totaling 10,689 metres from
117 holes in Main Pit area and 2,660 metres from 24 drill holes in NWL
area. This infill sampling work was on-going between September and
December 2010 and will continue until completion as time and personnel
permits.
Initial assay results have been received from approximately 70% of the
4,977 samples selected from the first 41 holes processed near or within
the Main Pit and NWL areas. Prior to the infill sampling program, these
sample segments represented zones that the block model identified as
waste rock. These results will be incorporated into the Block A
resource block model and will contribute to the next mineral resource
update.
A significant number of results from the samples assayed have returned
grades above the 0.4 grams/tonne Au cut-off grade of the current
constrained open pit mineral resource estimate. The following table
presents those samples that individually or as a composite assayed
greater than the estimated average grade of 0.85 grams/tonne Au of the
mineral resource.
TWDDH
|
|
From
|
To
|
Length
|
Grade
|
C=Composite
|
|
|
metre
|
metre
|
metre
|
g/t Au
|
S=Single
|
|
|
|
|
|
|
|
TWDDH-055
|
122.0
|
126.0
|
4.0
|
1.10
|
C
|
|
|
|
|
|
|
|
TWDDH-055
|
146.3
|
147.0
|
0.7
|
1.00
|
S
|
|
|
|
|
|
|
|
TWDDH-055
|
279.0
|
284.0
|
5.0
|
0.85
|
C
|
including
|
|
281.0
|
284.0
|
3.0
|
1.18
|
C
|
|
|
|
|
|
|
|
TWDDH
|
|
From
|
To
|
Length
|
Grade
|
C=Composite
|
|
|
metre
|
metre
|
metre
|
g/t Au
|
S=Single
|
TWDDH-055
|
291.0
|
295.0
|
4.0
|
0.85
|
C
|
|
|
|
|
|
|
TWDDH-121
|
186.0
|
188.0
|
2.0
|
1.91
|
C
|
including
|
|
186.0
|
187.0
|
1.0
|
3.50
|
S
|
|
|
|
|
|
|
|
TWDDH-097
|
64.2
|
65.0
|
0.8
|
1.11
|
S
|
|
|
|
|
|
|
|
TWDDH-097
|
81.0
|
81.9
|
0.9
|
2.31
|
S
|
|
|
|
|
|
|
|
TWDDH-097
|
204.5
|
205.4
|
0.9
|
1.26
|
S
|
|
|
|
|
|
|
|
TWDDH-097
|
234.0
|
237.0
|
3.0
|
1.35
|
C
|
including
|
|
236.0
|
237.0
|
1.0
|
3.03
|
S
|
|
|
|
|
|
|
|
TWDDH-047
|
41.0
|
43.0
|
2.0
|
1.47
|
C
|
|
|
|
|
|
|
|
TWDDH-047
|
290.0
|
293.0
|
3.0
|
1.30
|
C
|
including
|
|
292.0
|
293.0
|
1.0
|
3.27
|
S
|
|
|
|
|
|
|
|
TWDDH-047
|
387.0
|
403.0
|
13.0
|
1.40
|
C
|
including
|
|
390.0
|
391.0
|
1.0
|
9.32
|
S
|
|
|
|
|
|
|
|
TWDDH-047
|
469.0
|
469.6
|
0.6
|
1.44
|
S
|
|
|
|
|
|
|
|
TWDDH-040
|
292.8
|
299.0
|
6.2
|
0.93
|
|
including
|
|
292.8
|
294.0
|
1.2
|
3.52
|
|
|
|
|
|
|
|
|
TWDDH-057
|
38.0
|
41.3
|
3.3
|
0.94
|
C
|
|
|
|
|
|
|
|
TWDDH-057
|
43.4
|
46.6
|
3.2
|
0.85
|
C
|
|
|
|
|
|
|
|
TWDDH-057
|
77.0
|
78.0
|
1.0
|
1.16
|
S
|
|
|
|
|
|
|
|
TWDDH-057
|
187.0
|
192.0
|
5.0
|
0.87
|
C
|
including
|
|
190.0
|
192.0
|
2.0
|
1.69
|
C
|
|
|
|
|
|
|
|
TWDDH-057
|
194.0
|
197.0
|
3.0
|
1.14
|
C
|
including
|
|
194.0
|
195.0
|
1.0
|
3.02
|
S
|
|
|
|
|
|
|
|
TWDDH-064
|
95.7
|
99.0
|
3.3
|
1.03
|
C
|
|
|
|
|
|
|
|
TWDDH-003
|
106.0
|
107.0
|
1.0
|
7.15
|
S
|
|
|
|
|
|
|
|
TWDDH-003
|
281.8
|
282.5
|
0.7
|
3.04
|
S
|
|
|
|
|
|
|
TWDDH
|
|
From
|
To
|
Length
|
Grade
|
C=Composite
|
|
|
metre
|
metre
|
metre
|
g/t Au
|
S=Single
|
TWDDH-003
|
285.5
|
287.0
|
1.5
|
1.36
|
C
|
|
|
|
|
|
|
TWDDH-003
|
298.0
|
299.0
|
1.0
|
1.28
|
S
|
|
|
|
|
|
|
|
TWDDH-003
|
304.0
|
307.0
|
3.0
|
5.02
|
C
|
including
|
|
306.0
|
307.0
|
1.0
|
13.2
|
S
|
|
|
|
|
|
|
|
WDDH-077
|
173.0
|
176.0
|
3.0
|
1.62
|
C
|
including
|
|
174.0
|
175.0
|
1.0
|
3.12
|
S
|
|
|
|
|
|
|
|
TWDDH-077
|
252.0
|
252.4
|
0.3
|
2.86
|
S
|
|
|
|
|
|
|
|
TWDDH-077
|
289.0
|
292.0
|
3.0
|
0.89
|
C
|
|
|
|
|
|
|
|
TWDDH-077
|
397.0
|
400.0
|
3.0
|
0.96
|
C
|
|
|
|
|
|
|
|
TWDDH-062
|
215.0
|
216.0
|
1.0
|
1.05
|
S
|
|
|
|
|
|
|
|
TWDDH-062
|
247.0
|
251.0
|
4.0
|
1.81
|
C
|
including
|
|
249.0
|
250.0
|
1.0
|
3.76
|
S
|
|
|
|
|
|
|
|
TWDDH-042
|
201.0
|
204.0
|
3.0
|
1.24
|
C
|
|
|
|
|
|
|
|
TWDDH-042
|
335.0
|
338.0
|
3.0
|
1.40
|
C
|
|
|
|
|
|
|
|
TWDDH-042
|
354.0
|
356.0
|
2.0
|
1.91
|
C
|
including
|
|
354.0
|
355.0
|
1.0
|
3.03
|
S
|
|
|
|
|
|
|
|
TWDDH-044
|
88.3
|
90.2
|
1.9
|
1.17
|
C
|
|
|
|
|
|
|
|
TWDDH-044
|
278.0
|
279.0
|
1.0
|
5.81
|
S
|
|
|
|
|
|
|
|
TWDDH-044
|
321.0
|
322.0
|
1.0
|
1.34
|
S
|
|
|
|
|
|
|
|
TWDDH-044
|
473.0
|
476.0
|
3.0
|
1.14
|
C
|
|
|
|
|
|
|
|
TWDDH-044
|
499.0
|
500.0
|
1.0
|
1.32
|
S
|
|
|
|
|
|
|
|
TWDDH-039
|
41.0
|
42.0
|
1.0
|
13.20
|
S
|
|
|
|
|
|
|
|
TWDDH-039
|
165.0
|
166.0
|
1.0
|
1.06
|
S
|
|
|
|
|
|
|
|
TWDDH-039
|
240.0
|
242.3
|
2.3
|
1.80
|
C
|
|
|
|
|
|
|
|
TWDDH-078
|
38.0
|
39.0
|
1.0
|
9.75
|
S
|
|
|
|
|
|
|
TWDDH
|
|
From
|
To
|
Length
|
Grade
|
C=Composite
|
|
|
metre
|
metre
|
metre
|
g/t Au
|
S=Single
|
TWDDH-096
|
141.0
|
142.0
|
1.0
|
1.57
|
S
|
|
|
|
|
|
|
|
TWDDH-069
|
283.0
|
285.0
|
2.0
|
1.17
|
C
|
|
|
|
|
|
|
|
TWDDH-069
|
323.0
|
325.0
|
2.0
|
0.81
|
C
|
|
|
|
|
|
|
|
TWDDH-069
|
332.0
|
334.0
|
2.0
|
0.86
|
C
|
|
|
|
|
|
|
|
TWDDH-199
|
215.0
|
217.0
|
2.0
|
1.14
|
C
|
|
|
|
|
|
|
|
TWDDH-203
|
27.1
|
29.0
|
1.9
|
0.99
|
C
|
|
|
|
|
|
|
|
TWDDH-006
|
18.9
|
22.0
|
3.1
|
1.30
|
C
|
including
|
|
18.9
|
20.0
|
1.1
|
2.95
|
S
|
|
|
|
|
|
|
|
TWDDH-006
|
225.0
|
227.0
|
2.0
|
1.38
|
C
|
|
|
|
|
|
|
|
TWDDH-006
|
393.0
|
394.0
|
1.0
|
1.84
|
S
|
|
|
|
|
|
|
|
TWDDH-007
|
294.0
|
295.0
|
1.0
|
1.31
|
S
|
|
|
|
|
|
|
|
TWDDH-007
|
353.0
|
354.0
|
1.0
|
1.68
|
S
|
|
|
|
|
|
|
|
TWDDH-067
|
233.8
|
234.3
|
0.5
|
1.68
|
S
|
|
|
|
|
|
|
|
TWDDH-067
|
284.0
|
285.0
|
1.0
|
5.84
|
S
|
|
|
|
|
|
|
|
TWDDH-067
|
289.0
|
290.0
|
1.0
|
2.56
|
S
|
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 six months and then returned to the Trade Winds site for long
term storage. Selected coarse rejects are check assayed by third party
laboratories other than ActLabs.
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 prepared and 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 (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.
Information Concerning
Estimates of Mineral Resources
This news release uses the terms 'indicated'
and 'inferred' resources. Trade Winds advises investors that although
these terms are recognized and required by Canadian regulations (under
National Instrument 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 43-101. Investors are cautioned
not to assume that part or all of an inferred resource exists, or is
economically or legally mineable.
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.
|