Jan. 11, 2011 (Filing Services Canada) -- Trade Winds Ventures Inc. (TWD - TSX Venture, TVR - FWB), is pleased to announce the start of the 2011 drilling program on Block A, located adjacent to Detour Gold's Detour Lake gold project in northeastern Ontario. The Joint Venture partners (50% Trade Winds / 50% Detour Gold) have approved a 30,000 metre drilling program to increase the confidence level of the resource estimate and to test areas outside the Block A pit shell with the objective of expanding the known mineral resources. Trade Winds is the operator of the Joint Venture exploration program.
This 30,000 metre drill program will utilize three diamond drill rigs from January 2011 to late April 2011. The initial 2011 program calls for up to 70 drill holes of an average depth of 420 metres, subject to favourable working conditions. Similar to the 2010 program, the 2011 program seeks to address more than one objective: infill drilling, particularly large gap areas, and exploration drilling.
One of the recommendations of the 2009 NI 43-101 report by Watts Griffis and McOuat (WGM) was the infill drilling of numerous drilling gaps, also termed data gaps, within the pit area. On Block A, drill spacing of closer than 80 metres is required for the category of inferred resources and closer than 40 metres for indicated resources. The winter 2010 program targeted regions with spacing greater than 80 metres within the pit area. This will continue with this 2011 drilling program.
A portion of the deposit will be drilled on 40 metre by 40 metre centres to increase the confidence level of the mineral resources. A total of 53 drill holes, approximately 76% of the winter 2011 drill program, is planned for this infill drilling.
As part of a continuing program to explore Block A, a total of 17 drill holes, approximately 24% of the winter 2011 drill program, is planned to test areas outside the delineation drilling within the pit shell. This exploration drilling will focus in the areas north of the main pit area between the main pit shell and the North Walter Lake (NWL) pit shell, and south of the main pit shell to the southern boundary of Block A to test the footwall and to determine if the Sunday Lake Deformation Zone (SLDF) extends onto the southern portion of Block A. Both areas, between NWL and the main pit shell and south of the main pit shell, are almost completely untested and both represent areas of potential mineralization parallel to the M Zone.
Further drilling will be to the west of the main pit. In the July, 2009 NI 43-101 technical report, Watts Griffis and McOuat recommended drilling between lines 15380E and 15060E to test the western extension of the modeled pit. The result was the intersection of gold mineralization in the M Zone in all seven drill holes of this part of the 2010 program. A similar western extension drilling program is planned for winter 2011, testing the M Zone mineralization a further 320 metres to the west between lines 15060E and 14740E. Previous deep drilling by Trade Winds on lines 14700E and 14900E showed mineralized intersections of the M zone at depth. The 2011 drilling will test the shallower potential between these lines.
The material in this news release has been prepared and reviewed by Stephen Wallace, P. Geo, VP Exploration, a Qualified Person as defined in NI 43-101.
FOR FURTHER INFORMATION PLEASE CONTACT:
Terry McGee, Investor Relations
Toll Free (866) 698-9187 ext 228
or (604) 648-6228
Visit our Website at www.tradewindsventures.com
Forward Looking Information
Certain information included in this news release constitutes "forward-looking statements". The words "expect", "will", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to, risks associated with the mining industry such as government regulation, environmental and reclamation risks, title disputes or claims, success of mining activities, future commodity prices, costs of production, possible variation in mineral reserves, mineral resources, grade or recovery rates, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, the timing of estimated future production, capital expenditures, financial market fluctuations, requirements for additional capital, conclusions of economic evaluations, limitations on insurance coverage, risks associated with using third-party contractors and inflation. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.
Suite 1006, 1166 Alberni St.
Vancouver, BC V6E 3Z3
Suite 1170, 36 Toronto St.
Toronto, ON M5C 2C5
Source: Trade Winds Ventures Inc. (TWD - TSX-V, TWDIF - Pink Sheets, TVR - Frankfurt) http:www.tradewindsventures.com
Maximum News Dissemination by Filing Services Canada Inc. *