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Trade Winds Announces Completion of the 2010 Winter Drilling Program and the Results of Phase 1 Drilling on Block A
Trade Winds Announces Completion of the 2010 Winter Drilling Program and the Results of Phase 1 D...
About this update from Daura Gold Corp.
[{"type":"text","content":"\nTrade Winds Announces Completion of the 2010 Winter Drilling Program and the Results of Phase 1 Drilling on Block A\n\n\n Apr. 26, 2010 (Filing Services Canada) -- Trade Winds Announces Completion of the 2010 Winter Drilling Program and the Results of Phase 1 Drilling on Block A* M Zone gold  mineralization intersected in all Phase 1 drill holes* 4.69 g/t Au over 9.3 m and 2.44 g/t Au over 15.1 m in M Zone* Assays of 76.8 g/t Au over 0.8 m in M Zone, 12.9 g/t Au over 1.0 m in footwall and 27.6 g/t Au over 1.0 m in hanging wall * Winter drill program of 30 diamond drill holes completed - 11,591 metresVancouver, British Columbia CANADA, April 26, 2010 /FSC/ - Trade Winds Ventures Inc. (TWD - TSX Venture, TVR - FWB), (\"Trade Winds\") is pleased to announce the completion of the winter 2010 drill program and the results for the Phase 1 portion of this drill program on the Block A property, a 50/50 Joint Venture (JV) with Detour Gold Corporation (\"Detour Gold\"), located adjacent to Detour Gold's Detour Lake gold project in northeastern Ontario, which is Canada's second largest undeveloped gold reserve.  Trade Winds is currently the operator of the JV on Block A.The 2010 winter drilling was completed on April 17th with a total 11,591 metres of drilling in 30 NQ diamond drill holes. The Company has received the assay results of the first phase of this program (Phase 1), consisting of 7 drill holes totaling 1,929 metres.  Logging and sampling of the remaining holes is progressing.Phase 1 was designed to test the western extension of the proposed US$700/oz pit outlined in the July 9, 2009 Technical Report by Watts, Griffis and McQuat (\"WGM\").  The drill plan was based on recommendations by WGM to fill a gap in drilling between lines 15380E and 15060E, a distance of 320 metres.  The US$700/oz pit contains an indicated resource of 1.2 million ounces and an inferred resource of 277,000 ounces of gold at an average grade of 1.02 grams/tonne (g/t). The M Zone, the major gold mineralized zone on Block A, was intersected in all seven drill holes.  This drill program confirmed the validity of the 2009 block model in predicting the location of M Zone. Based on previous drilling, the M Zone extends another two kilometres further west of the proposed US$700/oz pit on Block A. &...