Trade Winds Files Updated NI 43-101 Technical Report for Block A on SEDAR

Tue Jul 14, 2009 3:02am EDT
 
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VANCOUVER, British Columbia--(Business Wire)--
Trade Winds Ventures Inc. (TSX-V:TWD, FSE: TVR) ("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.

 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          


Notes: 

(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 atwww.SEDAR.com and on the Company`s
website. 

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.
Ian D. Lambert, CEO/President, 604-648-6225
info@tradewindsventures.com
www.tradewindsventures.com

Copyright Business Wire 2009

 

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