Jun. 4, 2010 (Filing Services Canada) --
Trade Winds Reports Results of its 2010 Drilling Program on Block A
* M Zone gold mineralization intersected within current pit shell
* 8.92 g/t Au over 12.13 m and 1.30 g/t Au over 25.62 m in M Zone
* 53.8 g/t Au over 1.25 m in M Zone, 17.15 g/t Au over 1.08 m in footwall
zone and 30.2 g/t Au over 1.0 m in hanging wall
Vancouver, British Columbia CANADA, June 04, 2010 /FSC/ - Trade Winds Ventures Inc. (TWD - TSX Venture, TVR - FWB), is pleased to announce the results for eight (8) completed holes totaling 3,001 metres from the Phase 2 and Phase 3 winter 2010 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 now has 11.4 million ounces in reserves. 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 seven (7) drill holes totaling 1,929 metres from Phase 1 of this program, 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 23 drill holes of Phases 2 and 3 were planned based on recommendations by WGM to fill drill-hole gaps in 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).
The M Zone, the major gold mineralized zone on Block A, was intersected by seven of these eight drill holes. All seven of these drill holes also intersected gold mineralization in the hanging wall and footwall of the M Zone. 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 eighth hole (TWDDH-246) drilled to the south of the M Zone as a geological reconnaissance hole had a number of mineralized footwall intersections. The Company plans to incorporate all the assay and drill 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.
The best gold drill intercepts include 8.92 g/t over 12.13 m in hole TWDDH-247 1.30 g/t over 25.62 m in TWDDH-249, 1.25 g/t over 15.35 m in TWDDH-250 and 2.70 g/t over 10.9 m in TWDDH-253. There continued to be highgrade gold values in a number of the drill holes within or near the pit shell, including gold values as high as 53.8 g/t over 1.25 m in the M Zone of TWDDH-247 17.60 g/t over 1.0 m in footwall zone of TWDDH-253 and 30.2 g/t Au over 1.0 m in hanging wall zone of TWDDH-247. Full results are summarized in the table below.
Ian Lambert, CEO & President, stated: "The results from the 2010 drill program continue to demonstrate the consistency of M Zone mineralization within the US$700 pit shell and along strike to the west. This drilling shows multiple mineralized intersections in the hanging wall and footwall zones of the M Zone that have the potential to increase the current in-pit resource. The focus of this drilling has been to add new ounces to the current resource estimate, potentially within an expanded pit shell."
Metallurgical test work will be undertaken to estimate gold recoveries on drill hole TWDDH253.
Highlights of Drill Results on Block A:
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DRILL HOLE ZONE FROM TO LENGTH GRADE COMPOSITE
METERS METERS METERS G/T AU OR SINGLE
UNCUT SAMPLE
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TWDDH246
TWDDH246 Footwall 50.15 51.00 0.85 1.76 S
TWDDH246 Footwall 52.00 53.00 1.00 1.04 S
TWDDH246 Footwall 58.00 61.00 3.00 1.79 C
TWDDH246 Footwall 64.00 64.60 0.60 1.21 S
TWDDH246 Footwall 66.00 70.00 4.00 1.56 C
TWDDH246 Footwall 80.00 82.00 2.00 1.11 C
TWDDH246 Footwall 84.00 86.80 2.80 2.53 C
TWDDH246 Including 86.00 86.80 0.80 6.87 S
TWDDH246 Footwall 111.00 112.00 1.00 1.20 S
TWDDH246 Footwall 137.00 138.00 1.00 3.28 S
TWDDH246 Footwall 142.86 145.00 2.14 1.74 C
TWDDH246 Footwall 149.00 149.75 0.75 1.06 S
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TWDDH-247
TWDDH-247 Hanging wall 60.00 61.00 1.00 30.20 S
TWDDH-247 Hanging wall 85.85 86.40 0.55 1.00 S
TWDDH-247 Hanging wall 91.20 92.00 0.80 1.34 S
TWDDH-247 Hanging wall 134.00 135.00 1.00 7.10 S
TWDDH-247 M Zone 192.27 204.40 12.13 8.92 C
TWDDH-247 Including 192.27 195.00 2.73 3.74 C
TWDDH-247 Including 199.75 204.40 4.65 20.02 C
TWDDH-247 Which Includes 199.75 201.00 1.25 53.80 S
TWDDH-247 and includes 201.00 201.80 0.80 37.40 S
TWDDH-247 Footwall 206.50 210.30 3.80 2.64 C
TWDDH-247 including 207.50 208.30 0.80 6.21 S
TWDDH-247 Footwall 234.85 238.00 3.15 0.98 C
TWDDH-247 Footwall 284.20 307.00 4.80 3.07 C
TWDDH-247 including 306.00 307.00 1.00 10.60 S
TWDDH-247 Footwall 313.00 315.00 2.00 1.20 C
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TWDDH248
TWDDH248 Hanging wall 54.50 55.00 0.50 2.31 S
TWDDH248 Hanging wall 89.60 90.50 0.90 4.42 S
TWDDH248 Hanging wall 107.00 112.00 5.00 0.98 C
TWDDH248 Hanging wall 118.00 119.00 1.00 1.93 S
TWDDH248 Hanging wall 138.00 139.00 1.00 2.25 S
TWDDH248 Hanging wall 145.00 148.00 3.00 1.22 C
TWDDH248 Hanging wall 154.00 155.00 1.00 1.91 S
TWDDH248 Hanging wall 197.00 198.00 1.00 2.30 S
TWDDH248 Hanging wall 202.00 203.00 1.00 3.95 S
TWDDH248
TWDDH248 M Zone 248.00 249.50 1.50 1.40 C
TWDDH248 M Zone 252.10 254.00 1.90 1.57 C
TWDDH248 M Zone 262.00 262.80 0.80 1.29 S
TWDDH248 M Zone 268.00 270.40 2.40 1.00 C
TWDDH248 M Zone 274.20 274.80 0.60 2.80 S
TWDDH248 M Zone 285.00 286.00 1.00 1.30 S
TWDDH248 M Zone 295.00 295.80 0.80 1.30 S
TWDDH248 M Zone 304.70 306.00 1.30 1.52 C
TWDDH248 Hanging wall 340.00 341.10 1.10 1.92 S
TWDDH248 Hanging wall 342.00 344.00 2.00 3.48 C
TWDDH248 including 343.00 344.00 1.00 6.11 S
TWDDH248 Hanging wall 354.00 355.00 1.00 7.26 S
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TWDDH249
TWDDH249 Hanging Wall 34.80 35.60 0.80 1.21 S
TWDDH249 Hanging Wall 47.13 48.00 0.87 2.12 S
TWDDH249 Hanging Wall 55.00 56.00 1.00 3.28 S
TWDDH249 Hanging Wall 62.00 63.00 1.00 5.78 S
TWDDH249 Hanging Wall 96.00 96.90 0.90 1.06 S
TWDDH249 M Zone 105.13 130.75 25.62 1.30 C
TWDDH249 Including 110.45 119.50 9.05 1.77 C
TWDDH249 Including 121.55 128.00 6.45 1.66 C
TWDDH249 M Zone 132.75 134.75 2.00 1.02 C
TWDDH249 M Zone 147.70 148.75 1.05 1.54 S
TWDDH249 Footwall 180.00 181.45 1.45 1.42 C
TWDDH249 Footwall 183.21 183.60 0.39 1.70 S
TWDDH249 Footwall 183.60 185.11 1.51 1.97 S
TWDDH249 Footwall 200.20 201.00 0.80 1.04 S
TWDDH249 Footwall 243.50 244.50 1.00 1.72 S
TWDDH249 Footwall 253.00 254.25 1.25 1.11 C
TWDDH249 Footwall 295.75 297.00 1.25 4.43 S
TWDDH249 Footwall 309.95 312.00 2.05 1.10 C
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TWDDH250
TWDDH250 Hanging Wall 41.00 42.00 1.00 1.55 S
TWDDH250 Hanging Wall 49.00 51.00 2.00 2.16 C
TWDDH250 Hanging Wall 94.00 94.56 0.56 1.19 S
TWDDH250 Hanging Wall 127.00 128.00 1.00 1.70 S
TWDDH250 Hanging Wall 140.00 141.00 1.00 1.17 S
TWDDH250
TWDDH250 M Zone 190.00 205.35 15.35 1.25 C
TWDDH250 including 196.16 205.35 9.19 1.71 C
TWDDH250 including 205.35 205.35 1.35 8.51 S
TWDDH250 Footwall 213.00 214.00 1.00 2.58 S
TWDDH250 Footwall 226.00 227.00 1.00 2.28 S
TWDDH250 Footwall 238.00 242.00 4.00 1.16 C
TWDDH250 Footwall 258.00 259.00 1.00 1.97 S
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TWDDH251
TWDDH251 Hanging wall 29.73 30.58 0.85 1.33 S
TWDDH251 Hanging wall 32.00 33.00 1.00 1.36 S
TWDDH251 Hanging wall 36.00 37.00 1.00 3.61 S
TWDDH251 Hanging wall 38.00 39.18 1.18 3.56 S
TWDDH251 Hanging wall 42.00 42.70 0.70 6.82 S
TWDDH251 Hanging wall 44.00 45.00 1.00 3.18 S
TWDDH251 Hanging wall 48.69 50.00 1.31 1.36 C
TWDDH251 Hanging wall 57.00 59.00 2.00 1.48 C
TWDDH251 Hanging wall 70.80 71.95 1.15 1.11 S
TWDDH251 Hanging wall 74.00 75.30 1.30 4.05 S
TWDDH251 M Zone 81.00 83.14 2.14 0.82 C
TWDDH251 M Zone 95.60 98.70 3.10 1.07 C
TWDDH251 Footwall 123.78 124.78 1.00 1.26 S
TWDDH251 Footwall 186.00 188.00 2.00 2.83 C
TWDDH251 including 187.00 188.00 1.00 5.14 S
TWDDH251 Footwall 190.00 191.00 1.00 1.20 S
TWDDH251 Footwall 196.00 197.00 1.00 1.05 S
TWDDH251 Footwall 281.48 282.48 1.00 1.58 S
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TWDDH252
TWDDH252 Hanging Wall 256.00 257.00 1.00 1.13 S
TWDDH252 Hanging Wall 272.73 273.09 0.36 4.19 S
TWDDH252 Hanging Wall 322.00 323.00 1.00 1.16 S
TWDDH252 Hanging Wall 340.00 342.00 2.00 2.52 C
TWDDH252 Hanging Wall 344.62 345.30 0.68 1.21 S
TWDDH252 Hanging Wall 345.80 347.00 1.20 1.82 S
TWDDH252 M Zone 355.80 359.00 3.20 1.52 C
TWDDH252 M Zone 366.00 367.00 1.00 1.25 S
TWDDH252 Footwall 391.00 395.00 4.00 4.43 C
TWDDH252 including 391.00 392.00 1.00 12.85 S
TWDDH252 Footwall 410.00 411.00 1.00 1.47 S
TWDDH252 Footwall 422.92 424.00 1.08 17.15 S
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TWDDH253
TWDDH253 Hanging wall 75.80 76.40 0.60 1.10 S
TWDDH253 Hanging wall 118.00 118.50 0.50 1.10 S
TWDDH253 Hanging wall 121.00 122.00 1.00 1.63 S
TWDDH253 M Zone 180.00 182.10 2.10 1.96 C
TWDDH253 M Zone 194.00 196.60 2.60 0.99 C
TWDDH253 M Zone 199.10 210.00 10.90 2.70 C
TWDDH253 including 200.00 201.40 1.40 7.66 C
TWDDH253 which includes 201.00 201.40 0.40 12.65 S
TWDDH253 including 202.70 207.00 4.30 3.87 C
TWDDH253 M Zone 215.00 219.20 4.20 1.02 C
TWDDH253 Footwall 255.00 256.00 1.00 1.39 S
TWDDH253 Footwall 259.00 260.00 1.00 3.77 S
TWDDH253 Footwall 267.00 268.10 1.10 1.15 S
TWDDH253 Footwall 285.00 286.00 1.00 2.72 S
TWDDH253 Footwall 287.00 288.00 1.00 1.18 S
TWDDH253 Footwall 290.30 291.00 0.70 2.90 S
TWDDH253 Footwall 298.30 300.00 1.70 3.80 C
TWDDH253 including 298.30 299.00 0.70 8.32 S
TWDDH253 Footwall 310.00 315.80 5.80 3.70 C
TWDDH253 including 312.00 313.00 1.00 17.60 S
TWDDH253 Footwall 323.00 324.00 1.00 2.30 S
TWDDH253 Footwall 331.00 332.00 1.00 1.09 S
TWDDH253 Footwall 343.00 344.00 1.00 1.16 S
TWDDH253 Footwall 362.30 363.00 0.70 1.03 S
TWDDH253 Footwall 385.00 3.90 5.00 1.11 C
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(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
(millions) (g/t Au) (000's)
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Indicated 36.4 1.02 1,200
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.
Suite 1006, 1166 Alberni St.
Vancouver, BC V6E 3Z3
Suite 1170, 36 Toronto St.
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www.tradewindsventures.com
Source: Trade Winds Ventures Inc. (TWD - TSX-V, TWDIF - Pink Sheets, TVR - Frankfurt) http:www.tradewindsventures.com
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