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Trade Winds Plans 2011 Drilling on Block A
Trade Winds Plans 2011 Drilling on Block A
About this update from Daura Gold Corp.
[{"type":"text","content":"\nTrade Winds Plans 2011 Drilling on Block A\n\n\n Dec. 21, 2010 (Filing Services Canada) -- Trade Winds Ventures Inc. (TWD - TSX Venture, TVR - FWB), is pleased to announce the drilling program planned for the winter of 2011 on Block A, located adjacent to Detour Gold's Detour Lake gold project in northeastern Ontario, which contains mineral reserves of 11.4 million ounces of gold.  The Joint Venture partners (50% Trade Winds / 50% Detour Gold) have approved a 30,000 metre drilling program to increase the confidence level of the resource estimate and to test areas outside the Block A pit shell with the objective of expanding the known mineral resources. Trade Winds is the operator of the Joint Venture exploration program. Block A - Technical Program January to June 2011 A drill program of 30,000 metres will utilize three diamond drill rigs from January 2011 to late April 2011.  The initial 2011 program calls for up to 71 drill holes of an average depth of 500 metres, subject to favourable working conditions.  Similar to the 2010 program, the 2011 program seeks to address more than one objective: infill drilling, particularly large gap areas, and exploration drilling.Infill DrillingOne 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 area. 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 winter 2010 program targeted regions with spacing greater than 80 metres within the pit area.  This will continue with this 2011 drilling program. In planning for the 2011 drilling, a portion of the deposit will be drilled on 40 metre by 40 metre centres to increase the confidence level of the mineral resources.  A total of 54 drill holes, approximately 76% of the winter 2011 drill program, is planned for this infill drilling. Exploration DrillingAs part of a continuing program to explore Block A, a total of 17 drill holes, approximately 24% of the winter 2011 drill program, is planned to test areas outside the delineation drilling within the pit shell.  This exploration drilling will focus in the areas north of the main pit area between the main...