Trade Winds Proceeds With NI 43-101 Compliant Mineral Resource Estimate Update For Block A Joint Venture, Ontario
Vancouver, BC, July 21, 2008 - Trade Winds Ventures (TSX-V: TWD,
FSE: TVR) is pleased to announce that it has retained Watts, Griffis
and McOuat (“WGM”), Consulting Geologists and Engineers, of Toronto,
Ontario to audit the mineral resource estimate to be completed by Thon
Consulting (“Thon”) of Smithers, British Columbia and prepare an NI
43-101 compliant mineral resource estimate report for the Block A
Property at Detour Lake, Ontario.
Thon will complete an in-house
mineral resource estimate for Block A, in a similar manner to its work
on the adjacent Detour Lake Project for JV partner Detour Gold
Corporation (“DGC”). WGM. as an independent Qualified Person (“QP”),
will undertake to audit the block model and estimates completed by Thon
as part of an in-pit resource estimation on Block A. In addition, WGM
will draw extensively from its experience with Detour Gold’s Detour
Lake Project and the Golder Associates Ltd. 2006 NI 43-101 report
prepared on behalf of Trade Winds for the Block A property.
It
is anticipated that preparatory work will begin immediately for
compilation of drill hole data and corresponding technical information
pertaining to all exploration completed to date, with the commencement
of the audit to begin towards mid-August 2008. As well, WGM has been
requested to complete a separate assessment of the underground
potential of the project. This second phase of analysis would be
undertaken following the completion of the mineral resource estimate
announcement and NI 43-101 Technical Report to follow within 45 days of
its release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Ian D. Lambert, CEO/President (604) 648-6225
Colin Robson, Investor Relations Toll Free (866) 698-9187 ext 231 or (604) 648-6223
Email: info@tradewindsventures.com
Visit our Website at www.tradewindsventures.com
