SOURCE: Trade Winds Ventures Inc.

April 02, 2007 08:00 ET

Trade Winds Intersects 3.85 Grams/Tonne Gold Over 8.50 Metres on New, Near Surface Gold M Zone on Block A Property at Detour Lake, Ontario

TIMMINS, ON -- (MARKET WIRE) -- April 2, 2007 -- Trade Winds Ventures (TSX-V: TWD) (FSE: TVR) is pleased to announce the first results of its 13,000 metre 2007 winter diamond drill program on Block A at 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 purpose of drilling two of the three holes, TWDDH-189, and TWDDH-190, on Section 15380E was to determine the continuity of the M Zone structural corridor near surface, and the third hole, TWDDH-186, was drilled 40 metres below known mineralization identified by prior drilling in holes TWDDH-039 and TWDDH-098. The M Zone ultramafic and numerous other gold bearing structures were intersected in all three holes, with gold mineralization ranging from approximately -70 metres to -350 metres below surface on this Section.

In March of 2006, Trade Winds discovered new, near surface mineralization along the M Zone corridor (see news release May 16, 2006). Phase 1 of this winter's drilling is to explore the mineralization of this new zone along a 480-metre strike between sections 15380E and 15860E. Section 15380E represents the western extension of this phase of drilling and the beginning of the winter's drill program.

Diamond drill hole TWDDH-186 returned 8.30 grams/tonne over 1.00 metre from a hanging wall quartz zone, also 14.40 grams/tonne gold over 1.00 metre from a hanging wall quartz zone and 8.61 grams/tonne gold over 1.39 metres including 16.40 grams/tonne gold over 0.50 metres from the hanging wall M Zone ultramafic unit.

Diamond drill hole TWDDH-189 returned 4.87 grams/tonne over 1.00 metre from a hanging wall quartz zone and 3.02 grams/tonne over 5.00 metres including 5.12 grams/tonne over 1.00 metre and 6.66 grams/tonne over 1.10 metres from the hanging wall M Zone ultramafic unit. TWDDH-189 also returned 1.84 grams/tonne over 4.11 metres from a footwall quartz zone.

Diamond drill hole TWDDH-190 returned 9.02 grams/tonne gold over 1.00 metre from a hanging wall quartz zone and 30.70 grams/tonne gold over 0.75 metres from the hanging wall M Zone ultramafic unit. TWDDH-190 also returned 140.00 grams/tonne gold over 0.50 metres from a footwall quartz zone.

Details of significant fire assay results received for recent holes completed on Section 15380E are as follows;

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HOLE       FROM    TO    LENGTH     ASSAY       COMPOSITE          COMMENTS
NAME       (m)     (m)     (m)  (g/tonne gold)(g/tonne gold)
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TWDDH-186    32    38.1   6.10                    1.55    Hanging wall zone
            121    122      1       8.30                  Hanging wall zone
            133    135      1                     7.38    Hanging wall zone
including   134    135      1      14.40
          151.81   154    2.19                    2.56    Hanging wall zone
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TWDDH-186   176  181.36   5.36                    1.44    Hanging wall zone
continued
            319    320      1       3.73                  Hanging wall zone
            350  353.4    3.4                     1.81    Hanging wall zone
            380    381      1       4.63                  Hanging wall zone
          401.85 403.24   1.39                    8.61         M Zone
including 401.85 402.35   0.5       16.4
          417.58 418.08   0.50      4.75                       M Zone
            459  469.58   10.58                   0.60      Footwall zone
            481    482      1       4.12                    Footwall zone
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TWDDH-189   19     20       1       4.87                  Hanging wall zone
            91     96     5.00                    3.02         M Zone
including  94.9    96      1.1      6.66
            100    101      1      1.535                       M Zone
            116  120.11   4.11                    1.84      Footwall zone
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TWDDH-190   36     37       1       9.02                  Hanging wall zone
           49.25   50     0.75     30.70                  Hanging wall zone
            71    79.5     8.5      3.08          3.85         M Zone
including  77.93  78.55   0.62      8.73
           95.16  95.66    0.5    140.00                    Footwall Zone
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Footwall Zone

True Width is estimated to be between 65-75% of core length. Trade Winds has now reported on the first three of 53 diamond drill holes completed from this winter's near surface M Zone program. A drawing for Section 15380E is available on the Company's website www.tradewindsventures.com.

The M Zone structural corridor is a gold bearing structure that begins near surface at the eastern boundary of Block A, and plunges gently westward along strike for over four kilometres on to the immediately adjacent 100% owned Gowest property. Two significant mineralized zones occur along a komatiite structure, the Upper and Lower M Zone gold zones. The near surface and other portions of the M Zone structural corridor drilled to date are the subject of our recent NI 43-101 compliant resource estimate (October 2006). The 2007 M Zone winter drilling program is designed to test the westward near surface extension of the known gold mineralization with the expressed purpose of adding new gold ounces to the resource estimate, and upgrading near surface inferred gold ounces, already included in the current resource estimate, to the indicated category.

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.

Diamond drill hole location and final depths for the M Zone diamond drill program are as follows:

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Section      Hole#      Northing     Easting     Azimuth     Dip     Length
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15380      TWDDH-186     20810       15380         180       -58      483m.
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           TWDDH-189     20520       15380         180       -55      276m.
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           TWDDH-190     20480       15380         180       -55      219m.
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Mr. Alex Burton, P. Eng., P. Geo., is the qualified person for Trade Winds' projects at Detour Lake. 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 fire assay results are being provided by ALS Chemex.

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
    CEO/President
    (604) 742-2522

    Terry McGee
    Investor Relations
    (604) 742-2531
    Email: Email Contact
    Visit our Website at www.tradewindsventures.com

    Trade Winds Ventures
    Suite 300, 1620-West 8th Avenue
    Vancouver, BC
    V6J 1V4

    Trade Winds Ventures
    117-Kent Avenue
    Timmins, ON
    P4N 3B9
    www.tradewindsventures.com