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Trade Winds Reports 10.77 g/t Au over 7.0 metres from Drilling on Block A
Trade Winds Reports 10.77 g/t Au over 7.0 metres from Drilling on Block A
About this update from Daura Gold Corp.
[{"type":"text","content":"\nTrade Winds Reports 10.77 g/t Au over 7.0 metres from Drilling on Block A\n\n\n Aug. 18, 2010 (Filing Services Canada) -- Trade Winds Reports 10.77 g/t Au over 7.0 metres from Drilling on Block A   * M Zone gold mineralization intersected within current pit shell   * 10.77 g/t Au over 7.0 m and 1.67 g/t Au over 8.0 m in M Zone   * 1.27 g/t Au over 12.0 m and 1.93 g/t Au over 6.0 m in Hanging Wall     Zone   * 0.8 g/t Au over 12.0 m and 2.54 g/t Au over 4.0 m in Footwall Zone   * 56.90 g/t Au over 1.10 m in M Zone and 56.9 g/t Au over 0.50 m in     the Hanging Wall Zone Vancouver, British Columbia CANADA, August 18, 2010 /FSC/ - Trade Winds Ventures Inc. (TWD - TSX Venture, TVR - FWB), (\"Trade Winds\") is pleased to announce the results for the final seven (7) holes totalling 3,097.5 metres from the winter 2010 drill program on the Block A property in northeastern Ontario, a 50/50 joint venture (JV) with Detour Gold Corporation (\"Detour Gold\"). Block A is located adjacent to Detour Gold's Detour Lake gold project, which contains a mineral reserve of 11.4 million ounces of gold. 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 diamond drill holes. The Company previously announced the assay results of twenty three (23) drill holes totalling 8,493.5 metres from this program. This drill program was designed to fill drill-hole gaps and to test the western extension of the current US$700/oz pit shell, which presently 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), as outlined in the July 9, 2009 Technical Report by Watts, Griffis and McQuat (\"WGM\").  The M Zone, the major gold mineralized zone on Block A, was intersected in six of the seven drill holes. All six of these drill holes also intersected gold mineralization in the hanging wall and footwall. The seventh hole (TWDDH-268), which was drilled to the north of the M Zone, had a number of mineralized hanging wall intersections.  The 30 drill holes of the winter 2010 drill program have confirmed the validity of the 2009 block model in predicting the location of ...