• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Diamond Drill Results From Recently Discovered North Walter Lake Zone on Trade Winds' Optioned Block A at Detour Lake, Ontario

Posted on: Monday, 13 February 2006, 18:00 CST

Trade Winds Ventures Inc. (TSX-V: TWD) is pleased to report diamond drilling results from the North Walter Lake Zone on the Company's Detour Lake Block A Project. The Block A claims are located immediately west of the Placer Dome Detour Lake Mine property, which historically produced 1.7 million ounces of gold and is currently being actively explored by Pelangio Mines Inc. (TSX: PLG). An exploration drift from the mine at the 560-metre level extends over 800 metres into the Block A Claims.

Trade Winds is finalizing its earn-in from Pelangio of a 50% interest in Block A, one of its three optioned Detour Lake properties situated approximately 160 kilometres northeast of Timmins, Ontario, located in the Abitibi Greenstone Belt, Canada's most prolific gold belt.

The Trade Winds' drilling on the North Walter Lake Zone between May and December 2005 completed 30 NQ size diamond drill holes for a total of 7,250.50 metres. Drilling was conducted on sections 80 metres apart with at least three holes completed per section at 20 to 40 metre heights between section 16820E and 16340E. The purpose of the program was to determine the near-surface potential over a 500-metre strike length on Block A of the North Walter Lake Zone, which was discovered in 2004.

Assay results have been received from the first 11 of the 30 holes. This initial drill program obtained potentially economic gold mineralization from 5 of the first 11 holes, results of which are summarized in Table # 1. Table # 2 provides details on the location, orientation and final depth of each hole.

Company geologists have completed an initial lithologic and mineralization model of the North Walter Lake Zone and have divided the gold mineralization into four separate zones. The zones as labelled in Table # 1 are the North Walter Upper Zone (NWUZ), North Walter Lower Zone (NWLZ), Plagioclase Porphyry Intermediate Intrusive Zone (PPIIZ) and Sericitic Felsic Intrusive Zone (SRFIZ). The initial interpretation has the zones striking westward between 260 and 280 degrees, with a near vertical dip and a flat to gentle westerly plunge.

Gold mineralization is associated primarily with areas of potassic alteration, sulphides and quartz veining, and is hosted mainly in mafic volcanic flows. Visible gold occurs principally within quartz veining. Intermediate to felsic dykes and possible ultramafic volcanics occur proximal to the mineralization; a whole rock geochemical study is planned for several lithologies. Brittle structures are also present, but their geometry is not yet completely understood.

Upon receipt of all analytical results, additional sectional interpretations will be completed.

 Table # 1 ----------------------------------------------------------------------    Hole                Depth         Average                    From       To      Grade       Length Section 16820E    metres    metres  g/tonne Au    metres        Zone ---------------------------------------------------------------------- TWDDH-087 *         62       77.5       3.66       15.5         NWUZ TWDDH-087           92        100       4.11        8.0         NWLZ TWDDH-087          110        123       1.74       13.0        PPIIZ TWDDH-087          162        168       1.76        6.0        SRFIZ TWDDH-088           56         57        3.3        1.0         NWUZ TWDDH-088           80         84       9.48        4.0         NWLZ TWDDH-088          131      138.5       2.98        7.5        SRFIZ TWDDH-089          117        123       1.05        6.0         NWUZ TWDDH-089          160        164       1.52        4.0         NWLZ TWDDH-089          193        199       1.21        6.0        PPIIZ TWDDH-090          156        160       0.84        4.0         NWUZ TWDDH-090          188        189       1.39        1.0         NWLZ TWDDH-090          197        198       2.33        1.0        PPIIZ TWDDH-090          243        244       1.69        1.0        SRFIZ TWDDH-091          209        215       0.95        6.0         NWUZ TWDDH-091          225     232.78       1.26       7.78         NWLZ TWDDH-091          261        262       8.83        1.0        PPIIZ TWDDH-091        283.2        284        2.4        0.8        SRFIZ TWDDH-101           28         29       1.79        1.0         NWUZ TWDDH-101           54         55       2.35        1.0         NWLZ TWDDH-101        88.07         91       1.65       2.93        PPIIZ TWDDH-101        110.5      112.5       2.36        2.0        SRFIZ ---------------------------------------------------------------------- * TWDDH-087 was previously reported in 2005. Section 16740E ---------------------------------------------------------------------- TWDDH-102        16.75         20       2.82       3.25         NWUZ TWDDH-102           28         34       3.12        6.0         NWUZ TWDDH-102           52         56       0.83        4.0         NWLZ TWDDH-102         93.5       94.5       4.88        1.0        PPIIZ TWDDH-102          106        107       1.21        1.0        PPIIZ TWDDH-102          137        138       2.77        1.0        SRFIZ TWDDH-102       147.12     150.95       1.41       3.83        SRFIZ TWDDH-103           73       73.5      4.375        0.5         NWUZ TWDDH-103          141        146       1.05        5.0         NWLZ TWDDH-103          151        156       1.56        5.0         NWLZ TWDDH-103          169        170       1.23        1.0        PPIIZ TWDDH-103          181        185       0.66        4.0        SRFIZ TWDDH-104           78         80       5.84        2.0        PPIIZ TWDDH-104           97        105       1.66        8.0        SRFIZ TWDDH-105          108        116       3.07        8.0         NWUZ TWDDH-105          144        147       0.81        3.0         NWLZ TWDDH-105          156        159       4.08        3.0         NWLZ TWDDH-105       210.79      211.5       6.19       0.71        PPIIZ TWDDH-105          200     200.73       2.16       0.73        SRFIZ TWDDH-111          145        148      9.278        3.0         NWUZ TWDDH-111        170.5        171      10.05        0.5         NWUZ TWDDH-111        190.4        198      1.905        7.6         NWLZ TWDDH-111          234        235       5.42        1.0        SRFIZ TWDDH-111          273        274       2.17        1.0        PPIIZ ---------------------------------------------------------------------- Note: True width of mineralization is estimated to be 65-70% of core       length, based on core angles. Table # 2 ---------------------------------------------------------------------- HOLE ID              EASTING     NORTHING   AZIMUTH  DIP    DEPTH   ELEVATION ---------------------------------------------------------------------- TWDDH-087    16821.56     21159.97     170  -50       246     6286.06 TWDDH-088    16822.49      21120.7     180  -50    173.66     6284.55 TWDDH-089    16821.31     21189.32     180  -50       294     6286.16 TWDDH-090    16823.42     21221.46     180  -50       340     6286.23 TWDDH-091    16825.98     21263.68     180  -55       321     6285.22 TWDDH-101    16821.23     21088.13     180  -50       150     6284.44 TWDDH-102    16740.69     21106.53     180  -50       177     6285.09 TWDDH-103    16741.03     21147.66     180  -50       255     6286.31 TWDDH-104    16740.14     21066.79     180  -50       218     6283.56 TWDDH-105     16741.1     21186.46     180  -50    265.97     6287.31 TWDDH-111    16741.84     21225.43     180  -50       276     6288.17 ---------------------------------------------------------------------- 

Mr. Lorne Warner, P. Geo., Is the qualified person for Trade Winds' Detour Lake projects. 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.

Distributed by Filing Services Canada and retransmitted by Market Wire

 FOR FURTHER INFORMATION PLEASE CONTACT: Ian D. Lambert President & CEO (604) 675-7637  Terry McGee Investor Relations (604) 742-2531 Email: Contact via http://www.marketwire.com/mw/emailprcntct?id=09B56CB0B8CDCD60  Suite 302, 1620 West 8th Ave. Vancouver, BC V6J 1V4  117 Kent Avenue Timmins, ON P4N 3B9  Visit our Website at www.tradewindsventures.com

SOURCE: Trade Winds Ventures Inc.

Source: MARKET WIRE

More News in this Category