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 M Zone and hanging wall and footwall zones parallel to the 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 intercepts from this group of seven holes include 10.77 g/t over 7.0 m (which includes 56.9 g/t over 1.10 m) in hole TWDDH-263, 1.27 g/t over 12.0 m in TWDDH-264, 1.67 g/t over 8.0 m in TWDDH-267, 1.93 g/t over 6.0 m in TWDDH-263 and 3.87 g/t over 3.6 m in TWDDH-268. There continues to be a number of significant gold values greater than 10 g/t in most of the drill holes within the pit shell, including gold values as high as 56.9 g/t over 1.10 m in the M Zone (TWDDH-263), 56.9 g/t over 0.5 m in hanging wall zone (TWDDH-268) and 30.90 g/t Au over 0.47 m in hanging wall zone (TWDDH-265). Full results are summarized in the table below.
Ian Lambert, CEO & President, stated: "The winter 2010 drill program was successful both infilling and extending the gold mineralization within and to the west of the current US$700 pit shell. Mineralization occurs near surface on the hanging wall for up to 300 metres to the north side of the M Zone structure, and extends for up to 200 metres on the footwall side to the south of the M Zone. We anticipate that this additional mineralization will be incremental to the current mineral resource, and the results from this exploration program will be incorporated in an update of the resource block model. In addition, a metallurgical study is being completed, and all this information will be included in the updated mineral resource estimate and pit shell anticipated for completion before the end of September".
Highlights of Drill Results on Block A: (HW - hanging wall; FW - footwall)
Drill Hole Zone From To Length Grade Composite
metres metres metres Au g/t or Single
TWDDH262 uncut Sample
--------------------------------------------------------------
TWDDH262 HW 181.90 182.90 1.00 2.05 S
TWDDH262 HW 212.00 213.90 1.90 2.18 C
TWDDH262 FW 313.00 318.70 5.70 0.94 C
TWDDH262 FW 364.00 367.00 3.00 1.24 C
TWDDH262 FW 400.00 401.00 1.00 1.35 S
TWDDH262 FW 409.00 421.00 12.00 0.80 C
TWDDH262 FW 429.00 433.00 4.00 1.57 C
TWDDH262 FW 445.00 446.00 1.00 1.99 S
TWDDH262 FW 449.00 450.00 1.00 1.70 S
TWDDH262 FW 463.00 464.00 1.00 1.00 S
TWDDH263
--------------------------------------------------------------
TWDDH263 HW 34.00 35.00 1.00 1.36 S
TWDDH263 HW 49.70 50.00 0.30 3.04 S
TWDDH263 HW 204.00 210.00 6.00 1.93 C
TWDDH263 HW 219.00 220.00 1.00 1.11 S
TWDDH263 HW 230.00 231.00 1.00 10.9 S
TWDDH263 M Zone 309.00 316.00 7.00 10.77 C
TWDDH263 including 312.90 314.00 1.10 56.90 S
TWDDH263 HW 341.40 342.00 0.60 1.02 S
TWDDH263 FW 349.00 350.20 1.20 1.65 S
TWDDH263 FW 400.00 401.00 1.00 1.82 S
TWDDH263 HW 422.00 423.00 1.00 1.10 S
TWDDH264
--------------------------------------------------------------
TWDDH264 HW 38.15 39.00 0.85 1.41 S
TWDDH264 HW 58.00 59.00 1.00 3.10 S
TWDDH264 HW 234.00 239.00 5.00 1.01 C
TWDDH264 HW 243.00 245.00 2.00 1.36 C
TWDDH264 HW 250.00 262.00 12.00 1.27 C
TWDDH264 HW 309.00 311.00 2.00 1.68 C
TWDDH264 M Zone 328.00 329.50 1.50 1.14 C
TWDDH264 M Zone 332.50 337.37 4.87 1.34 C
TWDDH264 M Zone 353.00 354.00 1.00 3.46 S
TWDDH264 FW 411.00 420.00 9.00 0.84 C
TWDDH264 FW 428.00 429.00 1.00 2.03 S
TWDDH265
--------------------------------------------------------------
TWDDH265 HW 96.00 97.02 1.02 1.15 S
TWDDH265 HW 113.53 114.00 0.47 30.9 S
TWDDH265 HW 198.00 199.02 1.02 1.24 C
TWDDH265 HW 216.00 217.00 1.00 1.23 S
TWDDH265 HW 276.00 277.00 1.00 23.00 S
Drill Hole Zone From To Length Grade Composite
metres metres metres Au g/t or Single
uncut Sample
--------------------------------------------------------------
TWDDH265 HW 276.00 277.00 1.00 23.00 S
TWDDH265 HW 281.00 282.00 1.00 1.53 S
TWDDH265 HW 291.63 292.59 0.96 2.42 S
TWDDH265 HW 341.00 343.71 2.71 1.34 C
TWDDH265 HW 351.00 352.16 1.16 1.33 S
TWDDH265 HW 371.00 378.00 7.00 2.33 C
TWDDH265 M Zone 415.00 417.00 2.00 1.36 C
TWDDH265 FW 432.00 433.39 1.39 3.53 S
TWDDH266
--------------------------------------------------------------
TWDDH266 HW 20.50 21.00 0.50 1.04 S
TWDDH266 HW 117.75 118.03 0.28 2.88 S
TWDDH266 HW 132.93 135.00 2.07 1.14 C
TWDDH266 HW 147.00 148.00 1.00 1.97 S
TWDDH266 HW 250.00 251.00 1.00 2.09 S
TWDDH266 HW 291.00 292.00 1.00 1.12 S
TWDDH266 HW 297.00 299.00 2.00 2.07 C
TWDDH266 HW 336.00 340.00 4.00 1.49 C
TWDDH266 HW 385.00 386.00 1.00 1.12 S
TWDDH266 HW 412.57 413.00 0.43 1.45 S
TWDDH266 M Zone 429.45 433.00 3.55 0.74 C
TWDDH266 M Zone 449.00 450.65 1.65 1.00 C
TWDDH266 M Zone 453.00 453.91 0.91 2.96 C
TWDDH266 FW 479.00 480.00 1.00 1.66 S
TWDDH266 FW 484.00 488.00 4.00 2.54 C
TWDDH267
--------------------------------------------------------------
TWDDH267 HW 54.00 55.00 1.00 2.80 S
TWDDH267 HW 98.00 99.00 1.00 2.81 S
TWDDH267 HW 206.13 209.00 2.87 0.87 C
TWDDH267 HW 215.00 216.00 1.00 3.02 S
TWDDH267 HW 247.00 248.00 1.00 1.31 S
TWDDH267 HW 254.00 255.00 1.00 4.31 S
TWDDH267 HW 264.00 267.00 3.00 1.30 C
TWDDH267 HW 274.00 277.00 3.00 3.45 C
TWDDH267 HW 283.00 287.75 4.75 1.89 C
TWDDH267 HW 309.00 310.00 1.00 1.84 S
TWDDH267 HW 334.00 336.00 2.00 2.74 C
TWDDH267 HW 345.00 346.00 1.00 1.81 S
TWDDH267 HW 349.00 350.00 1.00 3.12 S
TWDDH267 M Zone 363.97 364.36 0.39 2.73 S
TWDDH267 M Zone 367.00 375.00 8.00 1.67 C
TWDDH267 M Zone 381.00 385.10 4.10 0.83 C
TWDDH267 M Zone 388.00 389.00 1.00 1.03 S
TWDDH267 M Zone 394.00 395.00 1.00 1.71 S
Drill Hole Zone From To Length Grade Composite
metres metres metres Au g/t or Single
uncut Sample
--------------------------------------------------------------
TWDDH267 FW 397.00 398.00 1.00 1.06 S
TWDDH267 FW 404.00 405.20 1.20 1.18 S
TWDDH267 FW 406.90 408.00 1.10 1.46 S
TWDDH268
--------------------------------------------------------------
TWDDH268 HW 21.00 22.00 1.00 1.22 S
TWDDH268 HW 46.00 48.58 2.58 11.38 C
TWDDH268 including 47.50 48.00 0.50 56.90 S
TWDDH268 HW 67.74 69.00 1.26 1.02 S
TWDDH268 HW 138.13 142.00 3.87 3.60 C
TWDDH268 including 138.81 140.00 1.19 11.10 S
TWDDH268 HW 154.00 155.00 1.00 1.37 S
TWDDH268 HW 156.00 157.00 1.00 1.02 S
TWDDH268 HW 253.07 253.40 0.33 1.14 S
(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 samples 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 study stage. The Block A 50% JV 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 of gold and an inferred resource of 2,004,585 ounces of gold (includes the 50% portion to Detour Gold on Block A). Contained within this total resource is the in-pit mineral resource estimate shown in the table below.
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In-pit Mineral Resource Estimate for Block A (100%) at a cut-off grade of 0.5 g/t Au
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Resource Category Tonnes Grade Capped Gold Ounces
(millions) (g/t Au) (000's)
-------------------------------------------------------------------------
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.
Source: Trade Winds Ventures Inc. (TWD - TSX-V, TWDIF - Pink Sheets, TVR - Frankfurt) http:www.tradewindsventures.com
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