Trade Winds Ventures Inc. Company Update
Trade Winds Ventures Inc. “TWD” is a well funded Canadian based public company listed on the TSX Venture Exchange. The company’s primary focus is to enhance shareholder value by identifying, exploring and developing world class gold and other mineral projects in Canada and China.
TWD is entering into a very exciting period as significant exposure on the Detour camp is very timely. Based on the various explorations under way, over the next 6-8 months TWD expects to have significant news releases which should contribute to improved market valuation.
Highlights
* NI 43-101 update on Block A with 58 near surface holes to be added to resource estimate on this Detour Lake, Ontario property.
* Watts, Griffis, and McOuat (“WGM”) has been commissioned to complete the report. This is the same geological and engineering firm which our 50% joint venture partner on Block A, Detour Gold Corp. (DGC-TSXV) is working with on their adjacent property which now reports over 13.2 M ounces of gold.
* This upcoming resource estimate report will include the in pit resource estimate on Block A where over 75% of the holes have been drilled to date along the M Zone.
* WGM will also be completing a separate assessment involving underground potential of the project. This is timed to follow the NI 43-101 compliant resource calculation.
* Upcoming spinout of the Tuole and Silu China properties into “Western China Mining Corp.” as market conditions permit.
* Gold project in Turner Lake, Nunavut adjacent to the Bathurst Inlet, will be undergoing a drill program which is going to be led by our 65% optionee “Rockgate Capital Inc. “ (RGT-TSXV) summer of 2008.
* Permitting and mobilization is under way, in preparation of fieldwork once conditions permit on the Treasure Mountain copper project located near Terrace, B.C. The focus of this field season will be to advance the project from grassroots stage including diamond drilling on the Danee and Purdex zones.
* The 2008 Dardanelles exploration program on this 100-per-cent-owned property in B.C. will follow up the results of the company’s 2005 drill program, which returned intersections of 17.85 g/t gold over 2.0 m and 4.64 g/t gold over 1.2 m from veins on the hangingwall of the known aplite dike/vein system.
Read More at…..www.tradewindsventures.com
