High-Grade Gold Results and New Alteration Zone Discovery by Trade Winds at Detour Lake, Ontario - 500 Beiträge pro Seite

[wayne99]

Sehr interessante News eben bei Trade Winds Vent. Inc. - TWD.V - WKN 895709

Press Release Source: Trade Winds Ventures Inc.

High-Grade Gold Results and New Alteration Zone Discovery by Trade Winds at Detour Lake, Ontario
Wednesday April 19, 8:00 am ET

TIMMINS, ON--(MARKET WIRE)--Apr 19, 2006 -- Trade Winds Ventures Inc. (TSX VENTURE:TWD.V - News) announces that further high-grade gold values have been obtained from its 2006 winter diamond drilling program. The program was designed to test the near surface potential of the M Zone at Detour Lake, Ontario.

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Results released today are from Section 16660E, located 720 metres to the east of last week's April 12, 2006 release (which contained 12.91 grams/tonne gold over 3.50 metres along the M Zone on Section 15940E), and 80 metres to the west of the April 5, 2006 release (which contained 64.38 grams/tonne gold over 8.00 metres on Section 16740E).

The drilling confirmed the continuity of the structure, with the significant gold values projected to be slightly above the interpreted plunge of the high-grades encountered on Section 16740E. Utilizing data from Trade Winds and Placer Dome drill holes, the mineralized zone on Section 16660E is over 70 metres in height, with a higher grade zone projected to occur down-dip from these intercepts and down plunge from the high-grades on Section 16740E. Visible gold was observed in both holes.

Hole # Grams/tonne Metres Ounces/ton Feet
---------------------------------------------------------------------
TWDDH-149 8.40 8.00 0.24 26.25

Including 25.20 2.00 0.73 6.56

TWDDH-152 4.79 4.00 0.14 13.12
---------------------------------------------------------------------

Trade Winds has now reported on 11 of 59 diamond drill holes completed from this winter's near surface, M Zone program. Details of the assay results received for Section 16660E are as follows:

HOLE NAME FROM TO CORE LENGTH TRUE WIDTH COMPOSITE Comments
(m) (m) (m) (m) (g/tonne gold)
---------------------------------------------------------------------------
TWDDH-149 56.00 61.00 5.00 3.50 1.23
77.00 85.00 8.00 5.60 8.40 Visible Gold
including 82.00 84.00 2.00 1.40 25.20
including 83.00 84.00 1.00 0.70 40.90

TWDDH-152 96.00 100.00 4.00 2.80 4.79 Visible Gold
105.00 110.00 5.00 3.50 2.54
142.00 147.00 5.00 3.50 2.27
---------------------------------------------------------------------------
True width is represented by approximately 70% of the core length.

Hole locations, orientations and final depths for the M Zone diamond drill program on Section 16660E are as follows:

Hole Number North East Azimuth Dip Final Depth (m)
---------------------------------------------------------------------------
TWDDH-149 20490 16660 180 -55 156.0
TWDDH-152 20545 16660 180 -55 205.0
---------------------------------------------------------------------------

Multiple gold zones occur along the M Zone structural corridor, which encompasses ultramafic and mafic rocks and the important intervening main M Zone contact. Trade Winds has traced this contact over a 4.0 kilometre east-west strike length, and has consistently observed visible gold in over 85% of the reported holes drilled along the corridor. Higher concentrations of gold mineralization occur along the contact in open folds or kinks, with a strong correlation to felsic dyking.

The winter 2006 diamond drilling of the M Zone on the Block A option was completed by the end of March, with a total of 13,510 metres in 59 holes. The last three holes of the 2006 winter program, TWDDH-183 to TWDDH-185, stepped out up to 400 metres to the west of all previous near surface M Zone winter programs. TWDDH-183 and TWDDH-185 were completed on Section 15540E and TWDDH-184 was completed on Section 15780E. Based on the amount of quartz veining, chalcopyrite and observed mineralization, Trade Winds believes it has discovered another alteration zone along the upper M Zone contact. This new zone, where drill tested, is less than 100 metres from surface. Fire assays are pending for these holes.

Trade Winds has completed sufficient exploration expenditures to earn its 50% interest from Pelangio Mines Inc. (TSX:PLG.TO - News) in Block A, one of its three optioned Detour Lake Properties situated approximately 180 kilometres northeast of Timmins, Ontario, and located in the Abitibi Greenstone Belt, Canada's most prolific gold producing belt.

Mr. Ian Lambert, Trade Winds' CEO, commented: "When we stepped out to the west of the known structure, we were hoping that more mineralization might occur nearer surface than previously thought. This is apparently the case, and will provide new impetus to continue our shallow drilling as we work our way west along the M Zone structural corridor. With our commitment to drill higher up on the Gowest Block, we are encouraged by the potential to increase the overall height of the structure at shallower depths."

Mr. Lorne Warner, P. Geo., is the qualified person for the Trade Winds Detour Lake projects. Trade Winds, as operator of the projects, has implemented a quality control program to ensure best practices in the sampling and analysis of the drill core. All fire assay results are being provided by ALS Chemex, North Vancouver, BC, an ISO 9001:2000 and ISO 17025 accredited laboratory.

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


Contact:

FOR FURTHER INFORMATION PLEASE CONTACT:
Ian D. Lambert
President & CEO
[phone]

Terry McGee
Manager Corporate Communications
877 811 4518 Ext 228

Email: Email Contact

Visit our Website at http://www.tradewindsventures.com

Tradewinds Ventures Inc.
Suite 302, 1620 West 8th Ave.
Vancouver, BC V6J 1V4

117 Kent Avenue
Timmins, ON P4N 3B9


Source: Trade Winds Ventures Inc.

[wayne99]

Sieht ja vorb. ganz passabel aus - 0,63Can-$ - wenn das auch mit Vorsicht zu geniessen ist