Jul. 14, 2009 (Filing Services Canada) -- Trade Winds Ventures Inc. (TWD - TSX Venture, TVR - FWB), ("Trade Winds" or the "Company") is pleased announce that further to the Company's news release dated May 26, 2009, the independent National Instrument ("NI") 43-101 compliant technical report for its Block A property, a 50/50 joint venture with Detour Gold Corporation ("Detour Gold") located near Detour Gold's Detour Lake gold project in northern Ontario, has been filed on SEDAR. The mineral resource estimate was completed by Watts, Griffis and McOuat Limited ("WGM"), Consulting Geologists and Engineers of Toronto, Canada and complies with NI 43-101 ("NI 43-101") Standards of Disclosure for Mineral Projects. The technical report is also available on the Company's website at www.tradewindsventures.com.
The focus of the report is the in-pit mineral resource estimate for Block A presented in Trade Winds' May 26, 2009 press release and summarized below. This mineral resource estimate is an update of the December 2006 Technical Report by Golder Associates Ltd. and contains data from an additional 53 diamond drill holes totaling 13,095 metres completed in 2007. The 2007 drilling program targeted near-surface gold mineralization of the M Zone in the eastern portion of the deposit, which enabled the use of a Lerch-Grossman pit shell to generate a preliminary in-pit mineral resource.
Notes:
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
------------------------------------------------------------------------
(1) The mineral resources are classified as indicated and inferred, and comply with the CIM mineral resource definitions referenced in National Instrument 43-101.
(2) Base case assumes a gold price of US$700/oz gold and US$ exchange rate of $1.18.
(3) Mineral resources that are not mineral reserves do not have demonstrated economic viability.
(4) The quantity and grade of reported inferred resources in this estimation are conceptual in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured resource category.
(5)The tonnages and grades quoted are undiluted. Gold grades were capped at values ranging from 10 g/t to 100 g/t based on statistical analysis.
(6) Parameters and methodology used are described in Trade Winds' May 26, 2009 press release and the NI 43-101 technical report.
NI 43-101 Compliant Report
The NI 43-101 compliant technical report was authored by Pierre Desautels, P.Geo, a Senior WGM Associate Geologist and Gordon Zurowski P.Eng, a Senior WGM Associate Mining Engineer. The material in this news release has been reviewed and approved by Mr. Desautels and Mr. Zurowski of WGM, both Qualified Persons as defined by NI 43-101 and by Stephen Wallace, P.Geo, VP Exploration of Trade Winds, also a Qualified Person as defined by NI 43-101. The complete NI 43-101 Technical Report has been filed on SEDAR at www.SEDAR.com and on the Company's website.
FOR FURTHER INFORMATION PLEASE CONTACT: Ian D. Lambert, CEO/President (604) 648-6225
Email: [email protected]
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. The Company 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 the Company to be materially different from the Company's 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. The Company 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. The Company advises investors that although these terms are recognized and required by Canadian regulations (under NI 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 NI 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.
Trade Winds Ventures Inc.
Suite 1006, 1166 Alberni St.
Vancouver, BC V6E 3Z3
Suite 1170, 36 Toronto St.
Toronto, ON M5C 2C5
Source: Trade Winds Ventures Inc. (TWD - TSX-V, TWDIF - Pink Sheets, TVR - Frankfurt) http:www.tradewindsventures.com
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