Mon, 2 Apr 2007 5:00:00 PDT
TIMMINS, ON -- (MARKET WIRE) -- 04/02/2007 -- Trade Winds Ventures (
In March of 2006, Trade Winds discovered new, near surface mineralization along the M Zone corridor (see news release May 16, 2006). Phase 1 of this winter's drilling is to explore the mineralization of this new zone along a 480-metre strike between sections 15380E and 15860E. Section 15380E represents the western extension of this phase of drilling and the beginning of the winter's drill program.
Diamond drill hole TWDDH-186 returned 8.30 grams/tonne over 1.00 metre from a hanging wall quartz zone, also 14.40 grams/tonne gold over 1.00 metre from a hanging wall quartz zone and 8.61 grams/tonne gold over 1.39 metres including 16.40 grams/tonne gold over 0.50 metres from the hanging wall M Zone ultramafic unit.
Diamond drill hole TWDDH-189 returned 4.87 grams/tonne over 1.00 metre from a hanging wall quartz zone and 3.02 grams/tonne over 5.00 metres including 5.12 grams/tonne over 1.00 metre and 6.66 grams/tonne over 1.10 metres from the hanging wall M Zone ultramafic unit. TWDDH-189 also returned 1.84 grams/tonne over 4.11 metres from a footwall quartz zone.
Diamond drill hole TWDDH-190 returned 9.02 grams/tonne gold over 1.00 metre from a hanging wall quartz zone and 30.70 grams/tonne gold over 0.75 metres from the hanging wall M Zone ultramafic unit. TWDDH-190 also returned 140.00 grams/tonne gold over 0.50 metres from a footwall quartz zone.
Details of significant fire assay results received for recent holes completed on Section 15380E are as follows;
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HOLE FROM TO LENGTH ASSAY COMPOSITE COMMENTS
NAME (m) (m) (m) (g/tonne gold)(g/tonne gold)
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TWDDH-186 32 38.1 6.10 1.55 Hanging wall zone
121 122 1 8.30 Hanging wall zone
133 135 1 7.38 Hanging wall zone
including 134 135 1 14.40
151.81 154 2.19 2.56 Hanging wall zone
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TWDDH-186 176 181.36 5.36 1.44 Hanging wall zone
continued
319 320 1 3.73 Hanging wall zone
350 353.4 3.4 1.81 Hanging wall zone
380 381 1 4.63 Hanging wall zone
401.85 403.24 1.39 8.61 M Zone
including 401.85 402.35 0.5 16.4
417.58 418.08 0.50 4.75 M Zone
459 469.58 10.58 0.60 Footwall zone
481 482 1 4.12 Footwall zone
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TWDDH-189 19 20 1 4.87 Hanging wall zone
91 96 5.00 3.02 M Zone
including 94.9 96 1.1 6.66
100 101 1 1.535 M Zone
116 120.11 4.11 1.84 Footwall zone
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TWDDH-190 36 37 1 9.02 Hanging wall zone
49.25 50 0.75 30.70 Hanging wall zone
71 79.5 8.5 3.08 3.85 M Zone
including 77.93 78.55 0.62 8.73
95.16 95.66 0.5 140.00 Footwall Zone
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Footwall Zone
True Width is estimated to be between 65-75% of core length. Trade Winds has now reported on the first three of 53 diamond drill holes completed from this winter's near surface M Zone program. A drawing for Section 15380E is available on the Company's website www.tradewindsventures.com.
The M Zone structural corridor is a gold bearing structure that begins near surface at the eastern boundary of Block A, and plunges gently westward along strike for over four kilometres on to the immediately adjacent 100% owned Gowest property. Two significant mineralized zones occur along a komatiite structure, the Upper and Lower M Zone gold zones. The near surface and other portions of the M Zone structural corridor drilled to date are the subject of our recent NI 43-101 compliant resource estimate (October 2006). The 2007 M Zone winter drilling program is designed to test the westward near surface extension of the known gold mineralization with the expressed purpose of adding new gold ounces to the resource estimate, and upgrading near surface inferred gold ounces, already included in the current resource estimate, to the indicated category.
Golder Associates Ltd. (Golder) was commissioned by Trade Winds to provide an independent Mineral Resource Estimate in conformance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Mineral Resource and Mineral Reserve definitions referred to in the National Instrument NI 43-101, Standards of Disclosure for Mineral Projects. The resource estimation work was completed in October 2006 and is based on information contained within the Technical Report prepared by Golder on Trade Winds behalf and filed on SEDAR, which, using a cut-off of 1.0 grams/tonne, outlines an indicated resource of 14,158,000 tonnes grading 1.77 grams Au/t containing 804,321 ounces of gold and an inferred mineral resource of 24,796,000 tonnes grading 1.88 g Au/t containing 1,499,552 ounces of gold.
Diamond drill hole location and final depths for the M Zone diamond drill program are as follows:
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Section Hole# Northing Easting Azimuth Dip Length
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15380 TWDDH-186 20810 15380 180 -58 483m.
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TWDDH-189 20520 15380 180 -55 276m.
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TWDDH-190 20480 15380 180 -55 219m.
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Mr. Alex Burton, P. Eng., P. Geo., is the qualified person for Trade Winds'
projects at Detour Lake. Trade Winds, as operator of the projects, has
implemented a quality control program to ensure best practice in the
sampling and analysis of the drill core. All fire assay results are being
provided by ALS Chemex.
WARNING: The Company relies upon litigation protection for "forward-looking" statements.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.
Distributed by Filing Services Canada and retransmitted by Market Wire
FOR FURTHER INFORMATION PLEASE CONTACT: Ian D. Lambert CEO/President (604) 742-2522 Terry McGee Investor Relations (604) 742-2531 Email: Email Contact Visit our Website at www.tradewindsventures.com Trade Winds Ventures Suite 300, 1620-West 8th Avenue Vancouver, BC V6J 1V4 Trade Winds Ventures 117-Kent Avenue Timmins, ON P4N 3B9 www.tradewindsventures.com
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