Jul. 15, 2010 (Filing Services Canada) --
Trade Winds Reports 8.38 g/t Au over 19.47 metres from Drilling on Block A
* M Zone gold mineralization intersected within current pit shell
* 8.38 g/t Au over 19.47 m and 3.02 g/t Au over 8.79 in M Zone
* 2.41 g/t Au over 11.3 m and 1.53 g/t Au over 19.0 m in Footwall Zone
* 105.5 g/t Au over 1.37 m in M Zone, 79.0 g/t Au over 0.50 m and 34.5 g/t Au over 1.0 m in Foot Wall Zone
Vancouver, British Columbia CANADA, July 15, 2010 /FSC/ - Trade Winds Ventures Inc. (TWD - TSX Venture, TVR - FWB), ("Trade Winds") is pleased to announce the results for eight (8) completed holes totaling 3,534 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 fifteen (15) drill holes totaling 4,930 metres from this program. This drill program was designed to fill drill-hole gaps and to test the western extension of the currentUS$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 all eight drill holes. All eight of these drill holes also intersected gold mineralization in the hanging wall and footwall on the north and south sides respectively of the M Zone. The 23 drill holes announced to date of the winter 2010 drill program continue to confirm 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 drill intercepts from this group of eight holes include 8.38 g/t over 19.47 m in hole TWDDH-254, 3.02 g/t over 8.79 m in TWDDH-259, 2.41 g/t over 11.3 m in TWDDH-260 and 1.53 g/t over 19.0 m in TWDDH-257. 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 105.5 g/t over 1.37 m in the M Zone of TWDDH-254, 79.0 g/t over 0.5 m in footwall zone of TWDDH-260 and 34.5 g/t Au over 1.0 m in footwall zone of TWDDH-254. Full results are summarized in the table below.
Ian Lambert, CEO & President, stated "The winter 2010 drill program has been highly successful infilling and extending the mineralization within and to the west of the current US$700 pit. Every hole has intersected gold mineralization. We are seeing mineralization from near surface on the hanging wall side of the M Zone, often for up to 300 metres on the north side of the structure, and extending for up to 200 metres on the footwall side to the south of the M Zone. We anticipate this new mineralization, which is mostly in-pit, will contribute to the reduction of what is currently categorized as waste rock, and will result in new resource ounces. In addition, the results from the extended footwall drilling will have a strong influence on the next round of winter drilling which is being planned to include the examination of the footwall side of the structure from the M Zone several hundred metres to the southern boundary of the Block A property."
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/ or Single
uncut Sample
------------------------------------------------------------
TWDDH254
------------------------------------------------------------
TWDDH254 HW 74.00 76.00 2.00 6.83 C
TWDDH254 including 75.00 76.00 1.00 12.70 S
TWDDH254 HW 88.52 89.00 0.48 1.32 S
TWDDH254 HW 186.00 187.40 1.40 9.42 S
TWDDH254 HW 197.03 203.00 5.97 3.45 C
TWDDH254 including 202.12 203.00 0.88 12.30 S
TWDDH254 HW 211.00 216.39 5.39 1.41 C
TWDDH254 including 211.00 211.97 0.97 3.84 S
TWDDH254 HW 235.00 240.30 5.30 1.07 C
TWDDH254 HW 247.00 247.90 0.90 4.55 S
TWDDH254 HW 267.85 269.00 1.15 1.48 S
TWDDH254 M Zone 313.00 332.47 19.47 8.38 C
TWDDH254 including 314.00 315.37 1.37 105.50 S
TWDDH254 M Zone 346.00 347.60 1.60 1.44 S
TWDDH254 FW 389.50 396.00 6.50 2.47 C
TWDDH254 including 394.00 394.58 0.58 15.10 S
TWDDH254 FW 401.00 402.00 1.00 1.08 S
TWDDH254 FW 407.00 411.00 4.00 4.31 C
TWDDH254 including 408.00 409.00 1.00 8.59 S
TWDDH254 FW 415.00 416.00 1.00 1.67 S
TWDDH254 FW 421.00 422.00 1.00 1.19 S
TWDDH254 FW 433.00 434.00 1.00 1.40 S
TWDDH254 FW 439.00 440.00 1.00 1.21 S
TWDDH254 FW 452.00 454.00 2.00 1.04 C
TWDDH254 FW 462.00 463.00 1.00 1.07 S
TWDDH254 FW 468.00 469.00 1.00 34.50 S
TWDDH254 FW 474.00 475.00 1.00 1.11 S
TWDDH254 FW 485.00 500.00 15.00 1.06 C
TWDDH254 including 494.00 495.00 1.00 8.12 S
TWDDH254 FW 506.00 513.00 7.00 1.02 C
TWDDH254 FW 522.00 522.90 0.90 1.73 S
TWDDH254 FW 531.00 534.10 3.10 11.70 C
TWDDH254 including 531.00 532.00 1.00 32.50 S
TWDDH254 FW 540.00 541.00 1.00 1.22 S
TWDDH255
------------------------------------------------------------
TWDDH255 HW 134.75 135.83 1.08 4.20 S
TWDDH255 HW 229.00 230.00 1.00 1.94 S
TWDDH255 HW 245.65 246.50 0.85 2.43 S
TWDDH255 HW 259.00 262.15 3.15 1.61 C
TWDDH255 including 259.00 260.00 1.00 4.06 S
Drill Hole Zone From To Length Grade Composite
metres metres metres Au g/ or Single
uncut Sample
------------------------------------------------------------
TWDDH255 HW 293.00 294.00 1.00 2.21 S
TWDDH255 HW 332.17 333.37 1.20 1.005 S
TWDDH255 HW 352.00 353.00 1.00 6.38 S
TWDDH255 M Zone 363.00 365.93 2.93 0.92 C
TWDDH255 FW 397.00 399.97 2.97 1.04 C
TWDDH255 FW 474.00 475.00 1.00 1.05 S
TWDDH256
------------------------------------------------------------
TWDDH256 HW 138.00 138.63 0.63 4.08 S
TWDDH256 HW 229.00 230.00 1.00 1.55 S
TWDDH256 FW 365.57 369.00 3.43 2.85 C
TWDDH256 including 365.57 367.00 1.43 6.05 S
TWDDH256 FW 375.00 376.00 1.00 11.95 S
TWDDH256 FW 396.00 397.00 1.00 1.11 S
TWDDH256 FW 405.70 408.00 2.30 0.99 C
TWDDH256 including 407.48 408.00 0.52 2.37 S
TWDDH256 FW 411.00 415.00 4.00 1.06 C
TWDDH256 including 414.00 415.00 1.00 2.66 S
TWDDH256 FW 421.00 422.00 1.00 1.53 S
TWDDH256 FW 453.00 455.00 2.00 16.49 C
TWDDH256 including 453.00 454.00 1.00 27.20 S
TWDDH257
------------------------------------------------------------
TWDDH257 HW 71.20 72.00 0.80 3.55 S
TWDDH257 HW 79.00 81.00 2.00 1.32 C
TWDDH257 HW 83.10 84.00 0.90 2.32 S
TWDDH257 HW 105.00 111.16 6.16 4.28 C
TWDDH257 including 108.00 108.90 0.90 23.90 S
TWDDH257 HW 130.38 131.00 0.62 1.45 S
TWDDH257 HW 152.00 153.00 1.00 1.98 S
TWDDH257 HW 201.00 202.00 1.00 1.93 S
TWDDH257 HW 211.00 212.00 1.00 3.89 S
TWDDH257 HW 220.95 221.35 0.40 2.94 S
TWDDH257 HW 251.40 254.00 2.60 7.67 C
TWDDH257 including 251.40 252.00 0.60 18.60 S
TWDDH257 HW 299.00 299.80 0.80 1.57 S
TWDDH257 M Zone 329.95 330.86 0.91 1.48 S
TWDDH257 M Zone 332.75 333.64 0.89 1.97 S
TWDDH257 FW 375.00 394.00 19.00 1.53 C
TWDDH257 including 382.00 383.00 1.00 12.00 S
TWDDH258
------------------------------------------------------------
TWDDH258 HW 111.95 114.00 2.05 2.96 C
TWDDH258 HW 156.53 157.03 0.50 1.80 S
TWDDH258 HW 161.10 161.97 0.87 8.50 S
Drill Hole Zone From To Length Grade Composite
metres metres metres Au g/ or Single
uncut Sample
------------------------------------------------------------
TWDDH258 HW 184.00 185.00 1.00 1.22 S
TWDDH258 HW 253.00 254.00 1.00 5.63 S
TWDDH258 HW 260.47 262.07 1.60 1.64 C
TWDDH258 M Zone 265.57 272.57 7.00 1.30 C
TWDDH258 including 265.57 266.38 0.81 6.89 S
TWDDH258 FW 342.00 343.00 1.00 1.50 S
TWDDH258 FW 375.00 377.00 2.00 1.21 C
TWDDH258 FW 390.00 396.74 6.74 1.59 C
TWDDH258 including 390.00 391.00 1.00 5.36 S
TWDDH258 FW 403.00 404.00 1.00 1.15 S
TWDDH259
------------------------------------------------------------
TWDDH259 HW 35.00 36.00 1.00 1.38 S
TWDDH259 HW 42.70 44.03 1.33 3.75 S
TWDDH259 HW 158.36 162.00 3.64 1.53 C
TWDDH259 including 158.36 158.88 0.52 5.74 S
TWDDH259 HW 169.00 171.37 2.37 2.12 C
TWDDH259 HW 176.00 177.00 1.00 5.17 S
TWDDH259 HW 194.15 195.15 1.00 3.55 S
TWDDH259 HW 213.00 214.00 1.00 21.40 S
TWDDH259 HW 218.84 220.00 1.16 4.02 S
TWDDH259 HW 223.45 224.18 0.73 1.01 S
TWDDH259 HW 239.50 240.00 0.50 1.46 S
TWDDH259 HW 295.87 296.53 0.66 1.40 S
TWDDH259 HW 304.74 306.68 1.94 1.49 C
TWDDH259 M Zone 308.20 316.99 8.79 3.02 C
TWDDH259 including 310.21 311.05 0.84 24.80 S
TWDDH259 M Zone 332.39 333.10 0.71 15.45 S
TWDDH259 FW 347.75 358.00 10.25 1.84 C
TWDDH259 including 353.00 353.63 0.63 9.10 S
TWDDH259 FW 368.00 380.58 12.58 1.67 C
TWDDH259 including 377.00 378.00 1.00 7.59 S
TWDDH260
------------------------------------------------------------
TWDDH260 HW 14.80 15.88 1.08 1.03 S
TWDDH260 HW 207.00 207.82 0.82 1.08 S
TWDDH260 HW 219.00 220.52 1.52 13.50 S
TWDDH260 HW 238.22 239.40 1.18 2.81 S
TWDDH260 HW 244.00 245.00 1.00 1.05 S
TWDDH260 HW 262.48 263.39 0.91 1.35 S
TWDDH260 HW 273.50 275.00 1.50 27.42 C
TWDDH260 including 273.50 274.00 0.50 79.00 S
TWDDH260 M Zone 306.00 309.00 3.00 6.40 C
TWDDH260 including 307.07 308.00 0.93 16.45 S
Drill Hole Zone From To Length Grade Composite
metres metres metres Au g/ or Single
uncut Sample
------------------------------------------------------------
TWDDH260 FW 316.04 317.37 1.33 1.24 S
TWDDH260 FW 327.50 329.00 1.50 1.62 C
TWDDH260 FW 359.59 361.00 1.41 3.68 S
TWDDH260 FW 368.00 370.33 2.33 5.98 C
TWDDH260 including 369.00 370.33 1.33 9.75 S
TWDDH260 FW 374.34 375.00 0.66 1.71 S
TWDDH260 FW 392.00 403.30 11.30 2.41 C
TWDDH260 including 401.00 402.00 1.00 15.90 S
TWDDH260 FW 406.32 407.93 1.61 1.43 S
TWDDH260 FW 414.00 416.00 2.00 3.84 C
TWDDH260 including 414.00 415.00 1.00 6.74 S
TWDDH260 FW 424.00 428.00 4.00 0.94 C
TWDDH260 FW 435.00 436.00 1.00 1.22 S
TWDDH260 FW 444.00 445.00 1.00 1.05 S
TWDDH260 FW 456.90 459.00 2.10 5.52 C
TWDDH260 including 456.90 458.00 1.10 9.40 S
TWDDH261
------------------------------------------------------------
TWDDH261 HW 34.20 35.59 1.39 1.53 S
TWDDH261 HW 54.00 55.00 1.00 1.44 S
TWDDH261 HW 66.00 70.04 4.04 6.73 C
TWDDH261 including 69.00 70.04 1.04 19.95 S
TWDDH261 HW 137.00 137.83 0.83 1.91 S
TWDDH261 HW 142.45 143.39 0.94 3.55 S
TWDDH261 HW 150.00 151.00 1.00 1.82 S
TWDDH261 HW 161.00 162.00 1.00 1.15 S
TWDDH261 HW 166.30 167.57 1.27 4.25 S
TWDDH261 HW 179.76 181.00 1.24 1.03 S
TWDDH261 HW 202.40 204.00 1.60 1.44 S
TWDDH261 HW 206.00 207.00 1.00 13.45 S
TWDDH261 HW 217.18 217.62 0.44 3.40 S
TWDDH261 HW 253.95 255.20 2.81 2.84 C
TWDDH261 including 255.20 256.76 1.56 4.51 S
TWDDH261 M Zone 284.77 299.20 14.43 1.23 C
TWDDH261 including 284.77 291.00 6.23 2.18 C
TWDDH261 which includes 284.77 286.00 1.23 5.50 S
TWDDH261 M Zone 301.18 313.34 12.16 1.50 C
TWDDH261 including 305.96 307.04 1.08 4.41 S
TWDDH261 FW 328.73 330.16 1.43 1.15 S
TWDDH261 FW 334.23 335.00 1.77 1.93 C
TWDDH261 FW 340.80 342.15 1.35 1.50 S
TWDDH261 FW 345.18 346.00 0.82 1.59 S
TWDDH261 FW 350.31 350.95 0.64 1.32 S
TWDDH261 FW 370.00 371.00 1.00 1.36 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.
-------------------------------------------------------------------------
In-pit Mineral Resource Estimate for Block A (100%) at a cut-off of 0.5 g/t Au
-------------------------------------------------------------------------
Resource Category Tonnes Grade Capped Gold Ounces
(millions) (g/t Au) (000's)
-------------------------------------------------------------------------
Indicated 36.4 1.02 1,200
-------------------------------------------------------------------------
Inferred 8.3 1.04 277
-------------------------------------------------------------------------
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
Maximum News Dissemination by Filing Services Canada Inc. *
www.usetdas.com
