SOURCE: Trade Winds Ventures Inc.

October 03, 2007 08:00 ET

Trade Winds Exploration Update

VANCOUVER, BC--(Marketwire - October 3, 2007) - Trade Winds Ventures (TSX-V: TWD) (FRANKFURT: TVR) is pleased to provide shareholders with an update on its key exploration projects. "We have published a lot of information over the past several months from our Detour Lake gold project in Ontario," commented Trade Winds' President and CEO Ian Lambert. "I believe it is beneficial at this time to summarize this information, as well as to provide a brief overview of what is currently underway and being planned for both Detour Lake and our other properties."

Trade Winds has been active in the following areas over the last several months, and has:

* Continued to report encouraging results from the Detour Lake winter 2007 drill program;

* Proposed a spin-out of our China gold/copper and zinc/lead properties into a new company, Western China Mining Corp.;

* Commenced exploration at our Treasure Mountain copper/silver/gold property in BC.

Detour Lake, Ontario

Block A is being explored as a 50/50 Joint Venture between Detour Gold Corporation (TSX: DGC) (50%) and Trade Winds (50%), the operator during the exploration phase. The Company is very close to completing the formal Joint Venture Agreement between itself and DGC on the Block A property. Trade Winds owns 100% interest in the adjacent Gowest property, which is situated directly west of Block A. Both Block A and Gowest properties host the gold bearing M Zone structural corridor which has a strike length of over four kilometers, and continues from the eastern boundary of Block A westward onto the Gowest property. The winter 2007 drill program saw 53 drill holes with over 13,000 metres of diamond drilling completed in the near surface eastern area of the M Zone structural corridor on Block A.

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.

Phase 1 of the 2007 winter drilling program was to explore the mineralization of the M Zone along a 480 metre strike between sections 15380E and 15860E at 40 metre intervals between sections. In addition, one step out section some 350 metres to the west successfully tested for near surface gold mineralization in that previously unexplored area. Phase 2 of the program focused on in-fill drilling of the near surface M Zone mineralization from sections 15900E to 16740E, for which previously drilled section results were incorporated in the 2006 Resource Estimate. The M Zone is believed to extend up to the surface to bedrock with the amount of overburden ranging from 10 to 30 metres in this eastern region of Block A. With over 100,000 metres of drilling along the M Zone to date, over 80% of the drill holes contained visible gold, and approximately 70% of the drill holes returning at least 10 g/tonne gold over a minimum of 1.0 metre. Drawings for these sections are available on the Company's website www.tradewindsventures.com.

Ongoing analysis of the drill results will be focusing on identifying the horizontal and vertical continuity of the mineralized zones on the M Zone structure as well as the hanging wall and footwall quartz zones. The Joint Venture will be assessing the potential for open pit mining in the near surface eastern portion of the M Zone. C Completion of both reviews is anticipated for late fall of 2007. Further targets are anticipated to be drill tested once identified by the outcome of these reviews, designed with the intention of improving the quality of the deposit from inferred to indicated resources.

Western China Mining Corp.

In 2004 and 2007, Trade Winds has acquired two projects, Tuole and Silu in the Peoples Republic of China, through Joint Venture agreements. These two projects have been assigned to a Trade Winds subsidiary, Western China Mining Corp., for exploration and development. It is the intention to have this company undertake an IPO financing to raise the necessary exploration funds and working capital in late 2007 or early 2008. Once this IPO is completed, Trade Winds has indicated, as published in a news release May 31, 2007, that it plans to undertake a form of distribution of the shares it holds in Western China Mining to the Trade Winds shareholders.

The 80% owned Tuole property in western Xinjiang province is a gold/copper project with an artisanal mining history, containing some 30 kilometres of anomalous structures. Beside many discoveries of gold and copper showings along the belt, a large-scale volcanogenic alteration zone, Anomaly #2, was located by the Xinjiang Bureau of Non-ferrous Metals utilizing geochemical analysis. This alteration zone has a strike length of over two kilometres and a width of about 100 metres. In addition, four other similar anomalies occur along the belt, indicative of high mineral potentials. The co-operative area for which permits have been granted covers an area of 109.79 km(2).

TWD has completed further exploration during 2006 and currently has an active exploration program in the field, consisting of mapping, sampling, trenching, geophysical and geochemical surveys and to identify drill targets. A diamond drill program is planned for the spring of 2008.

The 60% owned Silu project in southern Guangxi province is a zinc/lead property, also with a history of high grade artisanal mining, is part of a metallogenic base metals belt located just six kilometres southwest of the 3,000 tonne per day Panlong Zinc-Lead Mine operated by our partners. The Panlong property has a reported historic resource containing 930,000 tons of contained metal in a ratio of three parts Zinc to one part Lead. The width of individual ore bodies ranges from 1.12 metres to 24.49 metres, grading at 1.53% of Pb and 5.16% of Zn, and the high-grade ore body found so far is 18.07 metres wide grading at 10.71% of Zn and Pb (non NI 43-101 compliant data).

The Silu structure has a strike-length of over three kilometres and a width of over 500 meters. This newer zone, as defined by geophysical surveys, runs parallel to a known zone partially mined by local miners, who mined the surface Zinc oxides by open pit methods. They then reportedly sank a shaft to approximately 35 meters below surface and drifted along the high grade structure they were mining. Due to the unsafe mining practices of the local miners, the government blasted and closed the shaft and shut down operations some six years ago. Western China plans to undertake a program of exploration, including diamond drilling and sinking a decline to the new zone, then drifting along the new zone to put in a series of cross cuts through the mineralized zone, in early 2008. The co-operative area for which permits have been granted covers an area of 26.39 km(2).

Treasure Mountain - British Columbia

The 100% owned Treasure Mountain property is located approximately 30 km by road due east of Terrace, B.C. The property hosts a copper mineralized belt of over 6 kilometres strike length. New areas of copper mineralization were identified in the northern section in 2006 which will be included in the 2007 drilling and blasting program. Exploration will concentrate on exposing mineralization between the known showings to display the continuity of this long belt.

Historical grades are reported from several showings ranging from trace to over 10% copper with associated gold and silver values (non NI 43-101 compliant data). Exploration on this property is currently underway, and assay results from sampling will be available this fall. Access and location to nearby infrastructure make this a highly promising project. The Company is in the process of acquiring adjacent claims to the north to extend the potential strike length of the mineralization.

Birch Lake - Ontario

Trade Winds has a 60% option from Pelangio Mines Inc. (TSX: PLG) on the Birch Lake Highgrade Island property. Birch Lake is approximately 120 km NE of the Town of Red Lake, in the Birch Uchi greenstone belt. Trade Winds is earning the 60% interest in the Birch Lake Highgrade Island gold property, with the earn in to be completed by September 2008.

The Birch Lake property contains a greenstone-hosted vein type structure similar to geological features present at Gold Corp's Red Lake Mine. Significant development by Placer Dome between 1986 and 1996 included 110 drill holes totalling 19,918 metres, together with mapping, IP, trenching, geological, geochemical and ground geophysical surveys.

Five parallel vein structures, over 40 metres total width and open to depth, have yielded intercepts of multi-ounce mineralization on several holes drilled by Trade Winds, including 229 grams/tonne over 2.45 metres. A $500,000.00 drill program is planned for summer 2008.

Turner Lake - Nunavut

The 100% owned Turner Lake Property covers 1012.5 hectares located near Bathurst Inlet in the Kitikmeot District of Western Nunavut.

The mineral assemblage of the Turner Lake Property is virtually identical to that of the Lupin Mine (Kinross/Echo Bay) which is located 200 km SE. Previous work includes extensive mapping, airborne and ground geophysics, trenching and drilling, exposing at least three high-grade shoots of gold mineralization. In 1989 detailed channel sampling returned an average grade of 4.5 g/t over a true width of 3.2 metres. Previous drilling returned historical results of 28 grams/tonne gold over 4.75 metres and 12.86 grams/tonne gold over 8.87 metres.

Recent work by the Company's geologists has identified drill targets on the 500 metre outcrop, and an extensive exploration and diamond drill program is planned for 2008.

Mr. Alex Burton, P. Eng., P. Geo., is the qualified person for Trade Winds' projects. 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 assay results are being provided by ALS Chemex.

This press release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

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
    CEO/President
    (604) 742-2522

    Terry McGee
    Investor Relations
    Toll Free (877) 811-4518 ext 228
    (604) 742-2531

    Email: Email Contact

    Visit our Website at www.tradewindsventures.com

    TRADE WINDS VENTURES INC.
    Suite 300, 1620 West 8th Ave.
    Vancouver, BC V6J 1V4

    117 Kent Avenue
    Timmins, ON P4N 3B9