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Trade Winds Reports Results of its 2010 Drilling Program on Block A
Trade Winds Reports Results of its 2010 Drilling Program on Block A
About this update from Daura Gold Corp.
[{"type":"text","content":"\nTrade Winds Reports Results of its 2010 Drilling Program on Block A\n\n\n Jun. 4, 2010 (Filing Services Canada) -- Trade Winds Reports Results of its 2010 Drilling Program on Block A* M Zone gold mineralization intersected within current pit shell* 8.92 g/t Au over 12.13 m and  1.30 g/t Au over 25.62 m in M Zone* 53.8 g/t Au over 1.25 m in M Zone, 17.15 g/t Au over 1.08 m in footwall  zone and 30.2 g/t Au over 1.0 m in hanging wall Vancouver, British Columbia CANADA, June 04, 2010 /FSC/ - Trade Winds Ventures Inc. (TWD - TSX Venture, TVR - FWB), is pleased to announce the results for eight (8) completed holes totaling 3,001 metres from the Phase 2 and Phase 3 winter 2010 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 now has 11.4 million ounces in reserves.  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 seven (7) drill holes totaling 1,929 metres from Phase 1 of this program, 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 23 drill holes of Phases 2 and 3 were planned based on recommendations by WGM to fill drill-hole gaps in 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). The M Zone, the major gold mineralized zone on Block A, was intersected by seven of these eight drill holes. All seven of these drill holes also intersected gold mineralization in the hanging wall and footwall of the M Zone.    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.    The eighth hole (TWDDH-246) drilled to the south of the M Zone as a geological reconnaissance hole had a number of mineralized foot...