SOURCE: Trade Winds Ventures Inc.

September 22, 2006 08:00 ET

Trade Winds Engages Golder and Associates to Conduct Resource Study on M Zone Structural Corridor at Detour Lake, Ontario

TIMMINS, ON -- (MARKET WIRE) -- September 22, 2006 -- Trade Winds Ventures Inc. (TSX-V: TWD) is pleased to report Golder and Associates has been engaged to complete a NI 43-101 compliant resource study on the M Zone Structural Corridor at Detour Lake, Ontario.

Golder and Associates began working with Trade Winds on July 14, 2006. To date, Golder has received all pertinent information including 3D Vulcan models developed by Trade Winds from over 80,000 metres of diamond drill data. Site visits and additional sampling by Golder personnel have also been completed, including re-sampling six diamond drill holes completed in the mid-1990s by Placer Dome, as part of the study.

3D models of the M Zone have been developed by Trade Winds' team of geologists, covering the known 4.0 kilometre strike length from Section 12820E to 16820E. The eastern, near surface portion of the M Zone has received extensive diamond drilling, and will be the focus of this initial resource estimate. Though wider spaced diamond drilling has been completed on the deeper western portion of the M Zone, is not anticipated to be included in the resource study at this time.

In August, Trade Winds completed a litho-geochemical survey of its 100 percent owned Turner Lake Project, Nunavut. The purpose of the program was to determine the nature and style of gold mineralization on the property. Significant gold concentrations occur at surface along the main gold zone over a 450 metre strike length. Limited drill testing has been completed on this zone, the most recent conducted by Chevron Minerals in the late 1980s. This drilling returned values of 12.85 grams/tonne gold over 8.85 metres and 28.0 grams/tonne gold over 4.75 metres along a mafic/ultramafic contact with associated quartz veining, pyrrhotite, arsenopyrite and native gold. Also in August of this year, several well mineralized quartz zones occurring on the east side of Turner Lake, were discovered and sampled. These new zones are located approximately 1.5 kilometres from the main gold showing. Assay results are pending.

At Detour Lake on Trade Wind's 100 percent owned Gowest Block, diamond drilling continues to drill test the western limits of the M Zone, with work now under way on Section 12740E. Assay results are still pending on several holes recently completed on Section 12820E, including those which tested the potential of the Upper M Gold Zone. These upper holes did encounter significant quartz and sulphide mineralization, including visible gold in the M Zone Komatiite.

Mr. Ian Lambert, Trade Winds' President and CEO, commented: "Over the past two years, Trade Winds has been reporting exceptional drill results from the M Zone structural corridor, which extends some four kilometres in strike length across the jointly owned Block A and onto our Gowest Block. Over the next few weeks, we expect to receive the completed resource estimate for the eastern portion of the M Zone, representing approximately 25% of the overall structure discovered to date."

"This report will establish a base number of ounces for that portion of the M Zone, which will begin to define the nature and size potential of our asset. We believe that this event will provide a level of credibility for the Company that we feel has been underestimated to this point in time.

"With the 3D models and recommendations from the report, we plan to focus on moving the near surface portion forward toward the feasibility stage for potential production. Concurrently, we will be working on the western extension along strike, and other drilling along the structural corridor to add ounces and improve the quality of the resource."

Trade Winds has completed sufficient exploration expenditures to earn its 50% interest from Pelangio Mines Inc. (TSX: PLG) in Block A, one of its three Detour Lake Properties located approximately 180 kilometres northeast of Timmins, Ontario, within the Abitibi Greenstone Belt, Canada's most prolific gold producing belt. Block A will be the subject of a Joint Venture between Trade Winds and Pelangio in the future. Pelangio is currently in the process of selling all of its Block A interest to Detour Gold Corporation (see Pelangio's press release dated August 22, 2006).

Mr. Lorne Warner, P. Geo., is the qualified person for the Trade Winds Detour Lake projects. Trade Winds, as operator of the projects, have 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.

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Ian D. Lambert
    President & CEO
    (604) 675-7637

    Terry McGee
    Manager Corporate Communications
    877 811 4518 Ext 228
    Email: Email Contact
    Visit our Website at www.tradewindsventures.com

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

    117 Kent Avenue
    Timmins, ON P4N 3B9