Mar. 31, 2011 (Filing Services Canada) --
Trade Winds Announces Initial Results of 2011 Drilling on Block A
* 1.89 g/t Au over 28.0 m and 2.92 g/t Au over 7.0 m in hanging wall
* 3.47 g/t Au over 15.4 m and 2.68 g/t Au over 8.3 m in M Zone
* 2.44 g/t Au over 11.0 m and 2.34 g/t Au over 10.4 m in footwall
* 47.8 g/t Au over 1.0 m in hanging wall, 47.9 g/t Au over 0.7 m in M Zone, and 42.7g/t Au over 0.4 m in footwall
* 49 diamond drill holes - 20,328 metres completed to date
Vancouver, British Columbia CANADA, March 31, 2011 /FSC/ - Trade Winds Ventures Inc. (TWD - TSX Venture, TVR - FWB), is pleased to announce the results of the first seven drill holes of the planned 70 holes, 30,000 metres 2011 winter drilling program on the Block A Joint Venture project (50% Trade Winds / 50% Detour Gold), located adjacent to Detour Gold's Detour Lake gold project in northeastern Ontario. Trade Winds is the operator of the Joint Venture exploration program.
Shown below are the significant mineralized (uncut) sections intersected in the first seven infill drill holes, all within the pit shell on Block A.
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Hanging Wall Zone
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TWDDH-269 TWDDH-272 TWDDH-275
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1.08 g/t Au over 7.0m 1.14 g/t Au over 21.0m 2.92 g/t Au over 7.0m
1.89 g/t Au over 28.0m - 1.03 g/t Au over 9.6m
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M Zone
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TWDDH-271 TWDDH-273
3.47 g/t Au over 15.4m 2.68 g/t Au over 8.3m
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Foot Wall Zone
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TWDDH-269 TWDDH-270A TWDDH-271
0.79 g/t over Au 8.0m 1.22 g/t Au over 6.0m 0.99 g/t over 7.0m
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TWDDH-273 TWDDH-274 TWDDH-275
2.34 g/t Au over 10.4m 1.50 g/t Au over 6.5m 2.44 g/t Au over 11.0m
1.02 g/t Au over 5.0m
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Additional results are listed below.
To date, a total of 49 drill holes totaling 20,328 metres have been completed from the planned 30,000 metre drill program, which commenced on January 5, 2011. The 2011 program calls for up to 70 drill holes, subject to favourable ground 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.
One 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 shell 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. 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 53 drill holes, approximately 76% of the winter 2011 drill program, is planned for this infill drilling.
As 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 pit shell and the North Walter Lake (NWL) pit shell, and south of the main pit shell to the southern boundary of Block A to test the footwall and to determine if the Sunday Lake Deformation Zone (SLDF) extends onto the southern portion of Block A. Both areas, between NWL and the main pit shell and south of the main pit shell, are nearly untested and both represent areas of potential mineralization parallel to the M Zone.
Further drilling will be to the west of the main pit shell. In the July, 2009 NI 43-101 technical report, Watts Griffis and McOuat recommended drilling between sections 15380E and 15060E to test the western extension of the modeled pit. The result was the intersection of gold mineralization in the M Zone in all seven drill holes of this part of the 2010 program. A similar western extension drilling program is planned for winter 2011, testing the M Zone mineralization a further 320 metres to the west between sections 15060E and 14740E. Previous deep drilling by Trade Winds on sections 14700E and 14900E showed mineralized intersections of the M zone at depth. The 2011 drilling will test the shallower potential between these sections.
Current Results from Block A - Winter 2011 Drill Program:
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Drill Hole Zone From To Length Grade Single or
Meters Meters Meters g/t Au Composite
Uncut Sample
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TWDDH269 Hanging Wall 29.0 32.0 3.0 1.15 C
TWDDH269 Hanging Wall 40.0 41.0 1.0 1.87 S
TWDDH269 Hanging Wall 109.0 116.0 7.0 1.08 C
TWDDH269 Hanging Wall 125.0 127.0 2.0 2.45 C
TWDDH269 Hanging Wall 139.0 140.0 1.0 16.50 S
TWDDH269 Hanging Wall 206.0 207.0 1.0 2.18 S
TWDDH269 Hanging Wall 274.0 302.0 28.0 1.89 C
including 293.0 296.0 3.0 10.40 C
TWDDH269 Hanging Wall 341.0 342.0 1.0 5.33 S
TWDDH269 Hanging Wall 358.3 360.0 2.7 1.13 C
TWDDH269 Hanging Wall 397.0 398.0 1.0 1.64 S
TWDDH269 Footwall 480.0 481.0 1.0 1.35 S
TWDDH269 Footwall 519.0 520.0 1.0 1.27 S
TWDDH269 Footwall 533.0 535.0 2.0 1.25 C
TWDDH269 Footwall 544.0 552.0 8.0 0.79 C
including 549.0 552.0 3.0 1.43 C
TWDDH270A Hanging Wall 131.0 132.0 1.0 1.99 S
TWDDH270A Hanging Wall 144.0 145.0 1.0 1.09 S
TWDDH270A Hanging Wall 211.0 213.0 2.0 24.37 C
including 211.0 212.0 1.0 47.80 S
TWDDH270A M Zone 223.0 224.3 1.3 6.22 C
including 223.6 224.3 0.7 47.90 S
TWDDH270A Footwall 308.0 309.0 1.0 1.51 S
TWDDH270A Footwall 325.0 326.0 1.0 1.35 S
TWDDH270A Footwall 331.0 335.0 4.0 0.93 C
TWDDH270A Footwall 343.0 344.0 1.0 1.23 S
TWDDH270A Footwall 371.0 372.0 1.0 0.99 S
TWDDH270A Footwall 378.0 379.0 1.0 7.48 S
TWDDH270A Footwall 392.0 393.0 1.0 1.35 S
TWDDH270A Footwall 396.0 402.0 6.0 1.22 C
TWDDH270A Footwall 430.0 433.0 3.0 0.96 C
TWDDH270A Footwall 437.0 439.0 2.0 1.41 C
TWDDH-271 Hanging Wall 62.0 63.0 1.0 0.95 S
TWDDH-271 Hanging Wall 68.0 70.0 2.0 1.55 C
TWDDH-271 Hanging Wall 77.0 78.5 1.5 1.33 C
TWDDH-271 Hanging Wall 157.0 159.0 2.0 1.12 C
TWDDH-271 Hanging Wall 168.0 169.0 1.0 19.90 S
TWDDH-271 Hanging Wall 187.8 194.0 6.2 0.96 C
TWDDH-271 Hanging Wall 203.0 209.0 6.0 1.27 C
TWDDH-271 Hanging Wall 213.6 215.0 1.4 1.01 C
TWDDH-271 Hanging Wall 228.0 234.0 6.0 0.95 C
TWDDH-271 Hanging Wall 306.0 307.0 1.0 4.42 S
TWDDH-271 M Zone 321.0 323.0 2.0 1.74 C
TWDDH-271 M Zone 330.7 346.0 15.4 3.47 C
including 333.2 333.8 0.6 32.70 S
TWDDH-271 Footwall 357.0 358.1 1.1 1.19 S
TWDDH-271 Footwall 366.0 373.0 7.0 0.99 C
TWDDH-271 Footwall 376.0 377.0 1.0 1.81 S
TWDDH-272 Hanging Wall 45.0 66.0 21.0 1.14 C
TWDDH-272 Hanging Wall 115.0 116.0 1.0 1.15 S
TWDDH-272 Hanging Wall 139.0 140.2 1.2 1.02 S
TWDDH-272 Hanging Wall 151.0 158.0 7.0 0.83 C
TWDDH-272 Hanging Wall 458.0 460.8 2.8 1.07 C
TWDDH-272 Hanging Wall 473.0 474.4 1.4 2.69 C
TWDDH-272 M Zone 527.0 527.6 0.6 1.10 S
TWDDH-272 Footwall 561.0 563.0 2.0 1.05 C
TWDDH-272 Footwall 580.0 583.0 3.0 0.83 C
TWDDH-272 Footwall 586.0 588.0 2.0 1.18 C
TWDDH273 Hanging Wall 75.0 75.9 0.8 1.08 S
TWDDH273 Hanging Wall 111.0 112.0 1.0 1.15 S
TWDDH273 Hanging Wall 179.0 180.0 1.0 1.41 S
TWDDH273 Hanging Wall 184.0 185.0 1.0 1.76 S
TWDDH273 Hanging Wall 211.0 212.0 1.0 1.12 S
TWDDH273 Hanging Wall 262.4 263.0 0.6 2.47 S
TWDDH273 Hanging Wall 282.0 285.5 3.5 2.91 C
TWDDH273 M Zone 289.7 298.0 8.3 2.68 C
including 289.7 290.5 0.8 16.50 S
TWDDH273 Footwall 380.0 381.0 1.0 1.67 S
TWDDH273 Footwall 421.0 431.4 10.4 2.34 C
430.0 431.4 1.4 12.00 S
TWDDH274 Hanging Wall 85.0 86.0 1.0 1.04 S
TWDDH274 Hanging Wall 91.0 94.0 3.0 1.27 C
TWDDH274 Hanging Wall 206.1 207.1 1.0 2.47 S
TWDDH274 Hanging Wall 238.2 242.0 3.8 2.45 C
TWDDH274 Hanging Wall 246.0 248.0 2.0 1.19 C
TWDDH274 Hanging Wall 255.0 258.0 3.0 0.92 C
TWDDH274 Hanging Wall 261.0 264.0 3.0 0.95 C
TWDDH274 Hanging Wall 266.0 267.0 1.0 1.32 S
TWDDH274 Hanging Wall 294.0 295.0 1.0 4.57 S
TWDDH274 Footwall 390.0 396.5 6.5 1.50 C
TWDDH274 Footwall 411.0 414.0 3.0 0.88 C
TWDDH274 Footwall 417.0 418.0 1.0 0.85 S
TWDDH274 Footwall 425.0 429.0 4.0 1.69 C
TWDDH274 Footwall 438.0 443.0 5.0 1.02 C
TWDDH274 Footwall 449.0 450.0 1.0 1.12 S
TWDDH274 Footwall 468.0 470.0 2.0 0.84 C
TWDDH-275 Hanging Wall 72.0 73.0 1.0 1.15 S
TWDDH-275 Hanging Wall 101.0 102.0 1.0 1.09 S
TWDDH-275 Hanging Wall 200.0 201.0 1.0 9.80 S
TWDDH-275 Hanging Wall 214.0 218.0 4.0 2.95 C
TWDDH-275 Hanging Wall 230.0 237.0 7.0 2.92 C
including 234.0 235.0 1.0 14.40 S
TWDDH-275 Hanging Wall 265.0 274.6 9.6 1.03 C
TWDDH-275 M Zone 328.0 329.0 1.0 1.32 S
TWDDH-275 M Zone 344.0 345.0 1.0 1.02 S
TWDDH-275 Footwall 383.0 384.0 1.0 1.14 S
TWDDH-275 Footwall 387.0 387.9 0.9 1.10 S
TWDDH-275 Footwall 409.0 410.0 1.0 6.72 S
TWDDH-275 Footwall 415.0 419.0 4.0 1.05 C
TWDDH-275 Footwall 429.0 430.0 1.0 1.38 S
TWDDH-275 Footwall 432.0 437.0 5.0 0.85 C
TWDDH-275 Footwall 488.0 499.0 11.0 2.44 C
including 488.9 489.3 0.4 42.70 S
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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 direct to Activation Laboratories Ltd. (ActLabs) preparation facility in Timmins, Ontario by Trade Winds personnel. The samples are analyzed for gold using the ActLabs procedure 1A2-50, which is a 50 g fire assay with AA finish. Samples returning greater than 3 g/t Au are automatically processed using a fire assay-gravimetric finish. Total metallic assays for gold were also performed on selected intervals. All samples assayed by ActLabs include a standard multi-element ICP package.
The coarse rejects are kept in Timmins for re-assaying purposes for a period of up to six months and then returned to the Trade Winds site for long term storage. Selected coarse rejects and pulps are check assayed by third party laboratories other than ActLabs.
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 towards 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 report on the Block A properties by WGM delineated a total indicated mineral resource of 90.5 million tonnes grading 0.84 g/t gold containing 2,447,500 ounces and an inferred resource of 73.7 million tonnes grading 0.83 g/t gold containing 1.967,300 ounces of gold (including the 50% portion to Detour Gold on Block A).
The latest in-pit mineral resource estimate of February 15, 2011, as prepared by WGM, is shown in the table below.
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US$1,000 Pit Shell - Mineral Resource Estimate for Block A (100%) at a
cut-off of 0.4 g/t Au
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Resource Category Tonnes Grade Capped Gold Ounces
(millions) (g/t Au) (000's)
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Indicated 70.8 0.85 1,924
Inferred 27.3 0.87 762
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The parameters and methodology utilized to estimate this mineral resource are described in Trade Winds' February 15, 2011 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.
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Source: Trade Winds Ventures Inc. (TWD - TSX-V, TWDIF - Pink Sheets, TVR - Frankfurt) http:www.tradewindsventures.com
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