SOURCE: Trade Winds Ventures Inc.

July 11, 2006 00:01 ET

Trade Winds Reports Results Including 155.93 G/Tonne Gold Over 0.5 Metres Near Surface Along M Zone Structural Corridor at Detour Lake, Ontario

TIMMINS, ON -- (MARKET WIRE) -- July 11, 2006 -- Trade Winds Ventures Inc. (TSX-V: TWD; FWB: TVR) is pleased to report final fire assay results from seven diamond drill holes that tested the M Zone Structural Corridor on Sections 15180E and 16540E.

The purpose of drilling three holes, TWDDH-170, TWDDH-174, and TWDDH-177, on Section 15180E was to determine the continuity of the M Zone Structural Corridor in an untested 500-metre gap between previous diamond drilling programs. The M Zone ultramafic and numerous other gold bearing structures were intersected in all three holes. A total of 15, 24 and 11 gold bearing zones containing at least 1.0 grams/tonne gold over a minimum width of 1.0 metres are contained in holes TWDDH-170, 174 and 177, respectively. The highest values obtained from drilling on Section 15180E occur in a hanging wall zone in TWDDH-174, which returned 12.07 grams/tonne gold over 4.0 metres including 47.0 grams/tonne gold over 1.0 metre.

Diamond drilling on fill-in Section 16540E entailed the completion of four holes, TWDDH-159, TWDDH-161, TWDDH-164 and TWDDH-167. The purpose of these holes was to test the M Zone Structural Corridor between Sections 16500E and 16580E previously drilled by Placer Dome in 1995-1996. Placer Dome had previously located high grade gold mineralization in the ultramafic of 10.48 grams/tonne gold over 4.35 metres and 6.48 grams/tonne gold over 5.0 metres in holes 464-87 and 464-096 on Section 16500E. Drilling by Trade Winds on Section 16540E returned 15.28 grams/tonne gold over 5.0 metres, including 75.40 grams/tonne gold over 1.0 metre from the ultramafic unit and is within 60 metres from surface. Hole TWDDH-161 returned 155.4 g/tonne gold over 0.5 metres (4.5 oz/ton gold over 1.64 feet).

Details of significant gold fire assay results received for holes completed on Sections 15180E and 16540E are as follows:

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HOLE NAME      FROM    TO   CORE LENGTH  COMPOSITE    Comments
                (m)   (m)      (m)     (g/tonne gold)
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Section 15180E
---------------------------------------------------------------------------
TWDDH-170     151.00  158.00    7.00       2.40     Hanging wall zone
              172.95  174.00    1.05       7.43     Hanging wall zone
TWDDH-174     444.00  448.00    4.00      12.07     Hanging wall zone w/ VG
including     447.00  448.00    1.00      47.00     Visible Gold
              481.00  486.50    5.50       1.32     M Zone ultramafic
              540.00  546.00    6.00       2.36     M Zone ultramafic,
                                                    footwall contact
              575.00  586.00   11.00       2.69     Footwall zone
including     585.00  586.00    1.00      11.95
              615.00  617.00    2.00       6.24     Footwall zone
TWDDH-177     506.00  511.00    5.00       2.18     Hanging wall zone w/ VG
including     508.75  509.25    0.50      11.40     Visible Gold
---------------------------------------------------------------------------
Section 16540E
---------------------------------------------------------------------------
TWDDH-159     108.00  113.00    5.00      15.28     M Zone ultramafic w/ VG
including     112.00  113.00    1.00      75.40     Visible Gold
TWDDH-161      34.25   34.75    0.50     155.40     Hanging wall zone w/ VG
              111.00  116.00    5.00       3.30     M Zone ultramafic
TWDDH-164     102.00  107.00    5.00       2.17     Hanging wall zone w/ VG
including     105.75  106.25    0.50      14.90     Visible Gold
              112.00  117.00    5.00       1.61     Hanging wall zone
              134.00  139.00    5.00       1.73     M Zone ultramafic
TWDDH-167     199.00  205.00    6.00       1.06     Footwall zone
              226.00  229.00    3.00       6.76     Footwall zone
including     228.00  229.00    1.00      19.40
              255.25  263.00    7.75       4.98     Footwall zone w/ VG
including     255.25  255.75    0.50      65.00     Visible Gold
VG -- Visible Gold noted during core logging

True width is estimated to be between 65-75% of core length. Trade Winds has now reported on 51 of 59 diamond drill holes completed from this winter's near surface, M Zone program.

Diamond drill hole locations, orientations and final depths for this portion of the M Zone diamond drill program are as follows:

---------------------------------------------------------------------------
HOLE NAME        NORTH      EAST      AZIMUTH         DIP      FINAL DEPTH
                                     (degrees)     (degrees)    (metres)
---------------------------------------------------------------------------
(Section 15180)
---------------------------------------------------------------------------
TWDDH-170        20950     15180        180           -60        657.00
TWDDH-174        20910     15180        180           -60        645.00
TWDDH-177        20875     15180        180           -60        540.00
---------------------------------------------------------------------------
(Section 16540)
---------------------------------------------------------------------------
TWDDH-159        20490     16540        180           -55        153.00
TWDDH-161        20510     16540        180           -55        213.00
TWDDH-164        20530     16540        180           -55        206.30
TWDDH-167        20550     16540        180           -55        264.00
Mr. Ian Lambert, Trade Winds' CEO, commented: "Trade Winds continues to identify exceptional high grade gold values, with visible gold occurring in 85% of the holes reported along the M Zone Structural Corridor, over a distance of 1.2 kilometres from Sections 15540E to 16740E. We are very pleased to be able to report these exceptional high grade gold results from the 2006 winter drilling program."

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.

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
    and
    117 Kent Avenue
    Timmins, ON P4N 3B9