Feb. 3, 2011 (Filing Services Canada) -- Trade Winds Ventures Inc. (TWD - TSX Venture, TVR - FWB), is pleased to announce the initial results from the sampling program of unassayed core from previous drilling programs in and near the M Zone deposit pit shell on Block A, which is located adjacent to Detour Gold's Detour Lake gold project in northeastern Ontario that now contains mineral reserves of 14.9 million ounces of gold. The Joint Venture partners (50% Trade Winds / 50% Detour Gold) have approved a program to assay core that was not previously sampled in previous drilling campaigns by Trade Winds. Trade Winds is the operator of the Joint Venture exploration program.
Sampling of Unassayed Core
Since the completion of the 2010 drill program, Trade Winds has undertaken a program of relocation and permanent storage of core and pulps, together with commencing sampling of up to 13,000 metres of previously drilled core in and near the pit shells that has not yet been sampled or assayed. The total sampling program consists of various sections of 141 previously drilled holes totaling 10,689 metres from 117 holes in Main Pit area and 2,660 metres from 24 drill holes in NWL area. This infill sampling work was on-going between September and December 2010 and will continue until completion as time and personnel permits.
Initial assay results have been received from approximately 70% of the 4,977 samples selected from the first 41 holes processed near or within the Main Pit and NWL areas. Prior to the infill sampling program, these sample segments represented zones that the block model identified as waste rock. These results will be incorporated into the Block A resource block model and will contribute to the next mineral resource update.
A significant number of results from the samples assayed have returned grades above the 0.4 grams/tonne Au cut-off grade of the current constrained open pit mineral resource estimate. The following table presents those samples that individually or as a composite assayed greater than the estimated average grade of 0.85 grams/tonne Au of the mineral resource.
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TWDDH From To Length Grade C=Composite
metre metre metre g/t Au S=Single
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TWDDH-055 122.0 126.0 4.0 1.10 C
TWDDH-055 146.3 147.0 0.7 1.00 S
TWDDH-055 279.0 284.0 5.0 0.85 C
including 281.0 284.0 3.0 1.18 C
TWDDH-055 291.0 295.0 4.0 0.85 C
TWDDH-121 186.0 188.0 2.0 1.91 C
including 186.0 187.0 1.0 3.50 S
TWDDH-097 64.2 65.0 0.8 1.11 S
TWDDH-097 81.0 81.9 0.9 2.31 S
TWDDH-097 204.5 205.4 0.9 1.26 S
TWDDH-097 234.0 237.0 3.0 1.35 C
including 236.0 237.0 1.0 3.03 S
TWDDH-047 41.0 43.0 2.0 1.47 C
TWDDH-047 290.0 293.0 3.0 1.30 C
including 292.0 293.0 1.0 3.27 S
TWDDH-047 387.0 403.0 13.0 1.40 C
including 390.0 391.0 1.0 9.32 S
TWDDH-047 469.0 469.6 0.6 1.44 S
TWDDH-040 292.8 299.0 6.2 0.93
including 292.8 294.0 1.2 3.52
TWDDH-057 38.0 41.3 3.3 0.94 C
TWDDH-057 43.4 46.6 3.2 0.85 C
TWDDH-057 77.0 78.0 1.0 1.16 S
TWDDH-057 187.0 192.0 5.0 0.87 C
including 190.0 192.0 2.0 1.69 C
TWDDH-057 194.0 197.0 3.0 1.14 C
including 194.0 195.0 1.0 3.02 S
TWDDH-064 95.7 99.0 3.3 1.03 C
TWDDH-003 106.0 107.0 1.0 7.15 S
TWDDH-003 281.8 282.5 0.7 3.04 S
TWDDH-003 285.5 287.0 1.5 1.36 C
TWDDH-003 298.0 299.0 1.0 1.28 S
TWDDH-003 304.0 307.0 3.0 5.02 C
including 306.0 307.0 1.0 13.2 S
WDDH-077 173.0 176.0 3.0 1.62 C
including 174.0 175.0 1.0 3.12 S
TWDDH-077 252.0 252.4 0.3 2.86 S
TWDDH-077 289.0 292.0 3.0 0.89 C
TWDDH-077 397.0 400.0 3.0 0.96 C
TWDDH-062 215.0 216.0 1.0 1.05 S
TWDDH-062 247.0 251.0 4.0 1.81 C
including 249.0 250.0 1.0 3.76 S
TWDDH-042 201.0 204.0 3.0 1.24 C
TWDDH-042 335.0 338.0 3.0 1.40 C
TWDDH-042 354.0 356.0 2.0 1.91 C
including 354.0 355.0 1.0 3.03 S
TWDDH-044 88.3 90.2 1.9 1.17 C
TWDDH-044 278.0 279.0 1.0 5.81 S
TWDDH-044 321.0 322.0 1.0 1.34 S
TWDDH-044 473.0 476.0 3.0 1.14 C
TWDDH-044 499.0 500.0 1.0 1.32 S
TWDDH-039 41.0 42.0 1.0 13.20 S
TWDDH-039 165.0 166.0 1.0 1.06 S
TWDDH-039 240.0 242.3 2.3 1.80 C
TWDDH-078 38.0 39.0 1.0 9.75 S
TWDDH-096 141.0 142.0 1.0 1.57 S
TWDDH-069 283.0 285.0 2.0 1.17 C
TWDDH-069 323.0 325.0 2.0 0.81 C
TWDDH-069 332.0 334.0 2.0 0.86 C
TWDDH-199 215.0 217.0 2.0 1.14 C
TWDDH-203 27.1 29.0 1.9 0.99 C
TWDDH-006 18.9 22.0 3.1 1.30 C
including 18.9 20.0 1.1 2.95 S
TWDDH-006 225.0 227.0 2.0 1.38 C
TWDDH-006 393.0 394.0 1.0 1.84 S
TWDDH-007 294.0 295.0 1.0 1.31 S
TWDDH-007 353.0 354.0 1.0 1.68 S
TWDDH-067 233.8 234.3 0.5 1.68 S
TWDDH-067 284.0 285.0 1.0 5.84 S
TWDDH-067 289.0 290.0 1.0 2.56 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 six months and then returned to the Trade Winds site for long term storage. Selected coarse rejects 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 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. Currently, a 30,000 metre drill program is underway on Block A. The latest in-pit mineral resource estimate announced December 30, 2010 as prepared by WGM is shown in the table below.
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US$1,000 Pit 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 produce this mineral resource estimate are described in Trade Winds' December 30, 2010 press release. 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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