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Trade Winds Ventures

Mining Companies - Gold Companies

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Trade Winds Ventures Inc. is a Canadian based gold exploration/development Company.  Its primary focus is the advancement of its Detour Lake Block A and GoWest properties, located in the Abitibi Greenstone belt in Northeastern Ontario adjacent to Detour Gold Corps Detour Lake project.  This is a prolific gold mining region, which has produced over 65% of Canada ’s gold.  The company is listed on the TSX Venture Exchange, trading under the symbol (TWD) and Frankfurt under (TVR) and OTC under the symbol (TWDIF.pk). SP on 14 Sep was .26.

Since 2004, Trade Winds has completed extensive diamond drilling programs of over 140,000 metres on the Block A and Gowest properties. An aggressive in-fill drill program is underway with the aim to increase the resource base and advance the project toward development of a stand alone open pit mine and mill.
 Trade Winds recently completed a NI 43-101 on the Block A property, which is a Joint Venture with Detour Gold Corporation. The resource calculation included an in-pit gold resource of 1.2 million ounces in the indicated category and 277,000 ounces in the inferred category.

The total global resource including the Company's Block A and Gowest properties is in excess of four million ounces gold at a cutoff grade of 0.5 g/t.

Trade Winds’ joint venture partner is Detour Gold Corporation (DGC-TSX). Detour Gold is a three year old $1.2 billion market cap Canadian gold exploration and development company. Their primary focus is the advancement and development of its flagship Detour Lake gold project. Their project, right next to Block A, hosts the second largest gold reserve in Canada at 8.8 million ounces.  DGC delivered a positive pre-feasibility study on the development of a large-scale open pit mine on the project in mid 2009. The project is advancing

to the feasibility stage and they plan to be in production by 2013. DGC is well financed at this time with over $300 million in cash.

Projects

In Ontario

Block A Property

NI 43-101

Block A represents an advanced stage exploration project with excellent potential for new underground and near surface open-pit gold resources. Trade Winds completed it's 50% earn-in from Pelangio Mines Inc. in May 2006. Pelangio then sold their 50% interest of the Block A property to Detour Gold Corporation in January 2007.

Total Mineral Resource Estimate

 

Tonnes (millions)

Grade (grams/tonne)

Total Contained Gold (troy ounces)

TWD 50%

Indicated Mineral Resource

61.2

0.98

1,923,337

961,668

Inferred Mineral Resource

60.2

0.96

1,854,006

927,003

Total Mineral Resources

121.4

0.97

3,777,343

1,888,67

 

Planned Exploration

The Company has undertaken extensive exploration activities at Detour Lake on the Block A property.  A multi-million dollar exploration drilling program on Block A has been on-going over the last six years up until 2007 and continuing in 2010, utilizing up to four drill rigs.  This drilling was designed to define and extend the known areas of mineralization in the M Zone, Northwest Zone and North Walter Lake Zone structures.  

Joint Venture partners (50% Trade Winds / 50% Detour Gold) have approved a 12,000 metre drilling program for the winter of 2010 on Block A, program, designed in several phases, to raise the confidence level and understanding of the M Zone gold deposit. This drilling program is based on recommendations proposed in the Watts , Griffis and McOuat (“WGM”) NI 43-101 Technical Report dated July 9, 2009.

The first phase drilling program commenced on January 18, 2010, designed to extend the western end of the proposed US$ 700/oz pit. This initial program has been followed by two additional drilling phases to continue the development of the mineral resource on Block A. In addition, initial metallurgical test work is planned to estimate gold recoveries.

Gowest Property

Trade Winds holds 100% ownership of the property. The Gowest Property consists of three leased mining claims totaling approximately 1,003 hectares, directly adjacent to western border of the Trade Winds' joint ventured Block A Property and approximately 5.0 km west of Placer Dome's Detour Lake Mine.

The Gowest Property contains the westward extension of the high-grade gold M-Zone Structural Corridor, which has been systematically drilled by Trade Winds along a strike length of over 4.6 kilometres, and is open to the west on the Gowest Property. The gold bearing M Zone has been traced for over one kilometre on Gowest at depth. To date, Trade Winds has drilled over 18,500 metres on the Gowest Property. Further reconnaissance drilling near surface is proposed to develop open pit potential.

Pipeline Projects in BC

 


Company Goals for 2010/11

Continue near surface drilling to the west of the pit shell and in hanging wall and footwall mineralization north and south of pit shell to add new ounces within an expanded pit. Next phases expected to add 500K+ new ounces for completion mid 2011 –20,000 metres, proposed budget $3.8 million

Infill sampling program -sample all drilled sections in and near pit shell not previously split and assayed (approx. 15,000 metres), budget $1.7 million

TWD (Operator) and DGC to share costs of exploration on Block A 50/50. TWD has adequate funding for the 2010/2011 work program to increase pit size

Develop exploration drill targets on Gowest focusing on near surface potential

Continue exploration and permitting on both properties until completion of a production feasibility report with a focus to build a stand-alone operation

Maximize shareholder value by seeking and negotiating with potential buyers and mergers

Share Structure

 

April 7, 2010

In Millions

Issused and Outstanding

127.1

Options (average exercise price of C $0.18)

11.9

Warrant (average exercise price of C $0.19)

32.5

Fully Diluted

171.1

 

Financials

Year End 2009

Cash 670K

Liabilities  Short Term 169K

Long term  199K

Expenses  7M new property purchases

11M property exploration

1.4 M admin etc

Financing for 2010

3.3 million generated by sale of Private Placement Warrants 13-20 M @ .15

News Releases


Recent:

SGS Minerals Services (“SGS”) of Lakefield, Ontario has been engaged to provide a preliminary metallurgical study on the Block A property in northeastern Ontario .

Results of Winter Drill Program

Media

*Analysts Report

*Corporate Presentation

 

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Comments (2)Add Comment
Brian Boutilier
...
written by brian boutilier, September 17, 2010
If at first you don't succeed... Update Firefox and fired for effect. Good to have a way to load these efficiently again smilies/grin.gif
Brian Boutilier
...
written by brian boutilier, September 17, 2010
I apologize for not having the hot links to the information as usual. I've had trouble loading information of late. I should have all the links on monday. Boot

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