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 metres
Vancouver, 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. The best gold drill intercepts include 4.69 g/t over 9.3 m in hole TWDDH244, 2.44 g/t over 15.1 m in TWDDH242 and 2.02 g/t over 11.9 m in TWDDH245. Full results are summarized in the table below.
Significant gold values greater than 10 g/t were intersected in all seven drill holes, including gold values as high as 76.8 g/t over 0.8 m and 22.34 g/t over 1.3 m in the M Zone, 12.9 g/t over 1.0 m in footwall zones and 27.6 g/t Au over 1.0 m in hanging wall zones. All seven drill holes intersected gold mineralization in hanging wall samples with six of the seven holes intersecting greater than 10 g/t gold over widths of 0.5 to 1.2 metres in these hanging wall zones.
Ian Lambert, CEO & President, stated: "This encouraging first phase of drilling, covering an area over 300 metres to the west of the pit, showed multiple mineralized hanging wall and footwall intersections that may have the potential to increase the current in-pit resource. We expect this drilling will add new ounces to the current resource estimate, as well as incorporating existing resource ounces, currently outside the pit, into an expanded pit shell".
The Company plans to incorporate all the assay results from its 11,591 metre drilling program into an updated block model for a resource estimate to be completed in the second half of 2010.
Results of Block A - Phase 1 drill program:
Drill Hole Zone From To Length Grade Summary Single or
metres metres metres g/t Au Composite
uncut Sample
TWDDH239
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TWDDH239 Hanging 33.0 34.0 1.0 27.60 27.6 g/t Au S
Wall over 1.0 m
TWDDH239 Hanging 58.8 60.0 1.2 1.93 1.93 g/t Au S
Wall over 1.2 m
TWDDH239 Hanging 89.0 89.6 0.6 3.07 3.07 g/t Au S
Wall over 0.6 m
TWDDH239 Hanging 131.0 132.0 1.0 2.65 2.65 g/t Au S
Wall over 1.0 m
TWDDH239 Hanging 189.95 191.0 1.05 2.67 2.67 g/t Au S
Wall over 1.05 m
TWDDH239 Hanging 212.1 213.0 0.9 2.23 2.23 g/t Au S
Wall over 0.9 m
TWDDH239 Hanging 214.0 215.0 1.0 1.80 1.80 g/t Au S
Wall over 1.0 m
TWDDH239 Hanging 227.4 228.4 1.0 1.51 1.51 g/t Au S
Wall over 1.0 m
TWDDH239 M Zone 235.0 252.0 17.0 0.97 0.97 g/t Au C
over 17.0 m
including M Zone 235.0 240.0 5.0 1.49 1.49 g/t Au C
over 5.0 m
TWDDH239 Foot 264.0 265.0 1.0 1.48 1.48 g/t Au S
Wall over 1.0 m
TWDDH240
---------
TWDDH240 Hanging 89.0 89.6 0.6 19.80 19.8 g/t Au S
Wall over 0.60 m
TWDDH240 M Zone 145.0 149.0 4.0 0.73 0.73 g/t Au C
over 4.0 m
TWDDH240 M Zone 157.0 160.0 3.0 10.29 10.29 g/t Au C
over 3.0 m
including M Zone 158.7 160.0 1.3 22.34 22.34 g/t Au C
over 1.3 m
TWDDH241
---------
TWDDH241 Hanging 46.1 47.0 0.9 12.55 12.55 g/t Au S
Wall over 0.9 m
TWDDH241 Hanging 47.0 48.1 1.1 1.53 1.53 g/t Au S
Wall over 1.1 m
TWDDH241 Hanging 94.0 95.3 1.3 1.22 1.22 g/t Au S
Wall over 1.3 m
TWDDH241 Hanging 99.0 100.0 1.0 17.60 17.6 g/t Au S
Wall over 1.0 m
TWDDH241 Hanging 225.0 225.8 0.8 2.06 2.06 g/t Au S
Wall over 0.8 m
TWDDH241 M Zone 241.5 254.0 12.5 0.95 0.95 g/t Au C
over 12.5 m
including M Zone 241.5 246.2 4.7 1.17 1.17 g/t Au C
over 4.7 m
also M Zone 249.0 252.0 3.0 1.51 1.51 g/t Au C
including over 3.0 m
TWDDH241 Foot 258.75 259.7 0.95 1.61 1.61 g/t Au S
wall over 0.95 m
TWDDH241 Foot 268.0 269.0 1.0 1.72 1.72 g/t Au S
Wall over 1.0 m
TWDDH241 Foot 271.0 272.0 1.0 3.49 3.49 g/t Au S
wall over 1.0 m
TWDDH241 Foot 316.0 317.0 1.0 12.90 12.9 g/t Au S
Wall over 1.0 m
TWDDH242
---------
TWDDH242 Hanging 22.0 23.0 1.0 19.20 19.2 g/t Au S
Wall over 1.0 m
TWDDH242 Hanging 47.0 48.0 1.0 1.18 1.18 g/t Au S
Wall over 1.0 m
TWDDH242 Hanging 55.8 57.0 1.2 12.75 12.75 g/t Au S
Wall over 1.2 m
TWDDH242 Hanging 62.0 63.0 1.0 1.59 1.59 g/t Au S
Wall over 1.0 m
TWDDH242 Hanging 90.0 90.4 0.4 2.42 2.42 g/t Au S
Wall over 0.4 m
TWDDH242 Hanging 132.0 132.4 0.4 1.38 1.38 g/t Au S
Wall over 0.4 m
TWDDH242 Hanging 181.0 181.4 0.4 1.32 1.32 g/t Au S
Wall over 0.4 m
TWDDH242 Hanging 201.0 202.0 1.0 2.62 2.62 g/t Au S
Wall over 1.0 m
TWDDH242 Hanging 215.0 215.6 0.6 2.31 2.31 g/t Au S
Wall over 0.6 m
TWDDH-242 M Zone 230.0 245.1 15.1 2.44 2.44 g/t Au C
over 15.1 m
including M Zone 232.0 236.2 4.2 3.68 3.68 g/t Au C
over 4.2 m
also M Zone 238.8 242.6 3.8 2.95 2.95 g/t Au C
including over 3.8 m
also M Zone 243.0 245.1 2.1 3.66 3.66 g/t Au C
including over 2.1 m
TWDDH-242 Foot 284.0 285.0 1.0 1.49 1.49 g/t Au S
Wall over 1.0 m
TWDDH243
---------
TWDDH243 Hanging 15.0 17.0 2.0 3.75 3.75 g/t Au C
Wall over 2.0 m
TWDDH244 Hanging 76.0 77.0 1.0 1.03 1.03 g/t Au S
Wall over 1.0 m
TWDDH243 M Zone 121.0 122.0 1.0 1.19 1.19 g/t Au S
over 1.0 m
TWDDH243 M Zone 132.0 134.0 2.0 1.49 1.49 g/t Au S
over 2.0 m
TWDDH243 M Zone 147.0 150.0 3.0 5.27 5.27 g/t Au C
over 3.0 m
including M Zone 147.0 148.0 1.0 11.50 11.5 g/t Au S
over 1.0 m
also M Zone 149.0 149.4 0.4 10.60 10.6 g/t Au S
including over 0.4 m
TWDDH243 Foot 157.0 157.8 0.8 2.05 2.05 g/t Au S
wall over 0.8 m
TWDDH243 Foot 170.0 171.0 1.0 1.97 1.97 g/t Au S
wall over 1.0 m
TWDDH244
---------
TWDDH244 Hanging 36.0 38.0 0.5 12.65 12.65 g/t Au S
wall over 0.5 m
TWDDH244 M Zone 104.0 105.0 1.0 1.11 1.1 g/t Au S
over 1.0 m
TWDDH244 M Zone 107.7 117.0 9.3 4.69 4.69 G/T Au C
over 9.3 m
including M Zone 112.0 117.0 5.0 6.98 6.98 G/T Au C
over 5.0 m
TWDDH244 M Zone 127.0 133.9 6.9 5.18 5.18 g/t Au C
over 6.9 m
including M Zone 131.0 133.9 2.9 11.62 11.62 g/t Au C
over 2.9 m
which M Zone 133.0 133.9 0.9 29.90 29.9 g/t Au S
includes over 0.9 m
TWDDH244 Foot 139.1 140.1 1.0 2.07 2.07 g/t Au S
wall over 1.0 m
TWDDH245
---------
TWDDH245 Hanging 50.0 51.0 1.0 5.32 5.32 g/t Au S
Wall over 1.0 m
TWDDH245 Hanging 64.0 65.0 1.0 1.84 1.84 g/t Au S
Wall over 1.0m
TWDDH245 Hanging 127.8 129.0 1.2 7.78 7.78 g/t Au S
Wall over 1.2 m
TWDDH245 Hanging 178.0 180.1 2.1 4.89 4.89 g/t Au C
Wall over 2.1 m
including Hanging 178.0 178.6 0.6 11.35 11.35 g/t Au S
Wall over 0.6 m
TWDDH245 M Zone 203.9 205.0 1.1 3.40 3.4 g/t Au S
over 1.1 m
TWDDH245 M Zone 211.0 212.0 1.0 3.77 3.77 g/t Au S
over 1.0 m
TWDDH245 M Zone 219.4 221.4 2.0 38.94 38.94 g/t Au C
over 2.0 m
including M Zone 220.2 220.6 0.4 32.30 32.3 g/t Au S
over 0.4 m
including M Zone 220.6 221.4 0.8 76.80 76.8 g/t Au S
over 0.8 m
TWDDH245 M Zone 226.0 237.9 11.9 2.02 2.02 g/t Au C
over 11.9 m
including M Zone 226.0 228.8 2.8 5.54 5.54 g/t Au C
over 2.8 m
TWDDH245 Foot 243.6 244.0 0.4 1.03 1.03 g/t Au S
Wall over 0.4 m
TWDDH245 Foot 252.1 253.0 0.9 3.25 3.25 g/t Au S
Wall over 0.9 m
TWDDH245 Foot 255.4 256.0 0.6 4.06 4.06 g/t Au S
Wall over 0.6 m
TWDDH245 Foot 259.0 260.0 1.0 1.41 1.41 g/t Au S
Wall over 1.0 m
TWDDH245 Foot 282.0 282.6 0.6 4.08 4.08 g/t Au S
Wall over 0.6 m
(True Width is estimated to be between 80-85% of core length)
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 in sealed bags direct to ALS-Chemex Laboratories preparation facility in Timmins, Ontario by Trade Winds personnel. Sample pulps are shipped from there to ALS-Chemex Laboratories in Vancouver, British Columbia for analysis. The samples are analyzed for gold using the ALS-Chemex procedure AU-AA24, which is a 50 g fire assay with AA finish. Samples returning greater than 10 g/t Au are automatically processed using a fire assay-gravimetric finish. Total metallic assays for gold were also performed on selected intervals. All sample assayed by ALS-Chemex 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 where they are stored in a locked shipping container. Selected coarse rejects are check assayed by third party laboratories other than ALS-Chemex.
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 stage. The Block A (50/50 Joint Venture with Detour Gold) 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. The current NI 43-101 technical reports on Block A and Gowest properties by WGM delineated a total indicated mineral resource of 2,010,711 ounces and an inferred resource of 2,004,585 ounces of gold (including the 50% portion to Detour Gold on Block A).
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In-pit Mineral Resource Estimate for Block A (100%) at a cut-off of 0.5 g/t Au
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Resource Category Tonnes Grade Capped Gold Ounces
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(millions) (g/t Au) (000's)
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Indicated 36.4 1.02 1,200
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Inferred 8.3 1.04 277
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The parameters and methodology utilized to produce this resource estimate are described in Trade Winds' May 26, 2009 press release and the July 9, 2009 NI 43-101 technical report by WGM. 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.
Trade Winds Ventures Inc.
Suite 1006, 1166 Alberni St.
Vancouver, BC V6E 3Z3
Suite 1170, 36 Toronto St.
Toronto, ON M5C 2C5
Source: Trade Winds Ventures Inc. (TWD - TSX-V, TWDIF - Pink Sheets, TVR - Frankfurt) http:www.tradewindsventures.com
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